New anti-corruption law: Proof of the pudding is in the eating

The much-awaited Anti-Corruption Bill is out and passed by Parliament, subject to introducing amendments, according to the determination of the Supreme Court

HNB-Home Lands to provide affordable financing for real estate, property investment

Working to reinvigorate the real estate landscape, Sri Lanka’s leading private sector bank HNB PLC

73Avenue Realtors appoints Dellon Juriansz as Director Sales and Business Development

73Avenue Realtors has appointed Dellon Juriansz, a seasoned professional with over seven years of real estate experience

Iconic Developments introduces FlexiPay and Rental Assistance Programme

Iconic Developments, a leading real estate developer in Sri Lanka, continues to revolutionise the industry with the introduction of two groundbreaking initiatives-FlexiPay and the Rental Assistance Programme

Apartment selling prices show consistent increase: RIUNIT

Sri Lanka’s real estate expert Research Intelligence Unit (RIUNIT) says that since the beginning of 2023

SL seeks six-fold duty-free increase in apparel exports to India under ETCA

Sri Lanka will be seeking a minimum six-fold increase in duty free access for its ready-made apparel products from India with no fabric sourcing conditions under the proposed Economic and Technology Co-operation Agreement (ETCA)

Windforce to invest Rs.2.7bn in 10MW solar power plant in Kebithigollewa

Decides not to pursue Tororo PV Solar Power plant project in Uganda due to drop in IRR

Kuoni puts faith in Sri Lanka with new additions to Indian Ocean programme

Kuoni has added a bigger range of hotels and resorts in Sri Lanka, following a strong bounce back in sales, pledging to give the destination a renewed trade push

US Federal Reserve raises interest rates to highest in 22 years

BBC: The US central bank has raised interest rates to the highest level in 22 years as it fights to stabilise prices in the world’s largest economy

Eighteen Sri Lankan startups take centre stage at ‘CONNECT’ Demo Day

In an inspiring display of ingenuity and determination, Hatch in partnership with the United Nations Development Programme (UNDP) in Sri Lanka

Thumping exchange gains boost Overseas Realty first half profits

Overseas Realty (Ceylon) PLC recorded a group revenue of Rs 1,811million and a group profit after tax of Rs 3,369 million

CB Governor attends 2023 Asia Pacific Group on Money Laundering Annual Plenary in Canada

Central Bank Governor Dr. Nandalal Weerasinghe in his capacity as the Chairman of the National Coordinating Committee (NCC)

Branson urges Singapore to ‘grant mercy’ to woman set for hanging

AFP: British tycoon Richard Branson urged Singapore on yesterday to halt an impending hanging that would be the city-state’s first execution of a woman in nearly 20 years

Hiran Cooray’s 25-year journey with Skal Colombo commemorated

Skal International, a leading global organization of travel and tourism professionals, recently held an Extraordinary General Meeting (EGM) at Cinnamon Red Colombo and celebrated the contributions and dedication of Hiran Cooray, who has served Skal International Colombo for 25 years. “We are delighted to present Hiran Cooray with a token of appreciation to celebrate his illustrious journey with Skal and highlighted his exceptional leadership and

Classic Travel obtains ISO 22301 to ensure business continuity 

In the context of the operations of businesses facing increasing threats from unforeseen developments, Classic Travel, the only travel agent in Sri Lanka to be open 24 hours and 365 days, recently obtained the ‘ISO 22301 Business Continuity Management System’ certification to ensure uninterrupted services to its traveling customers.

Cinnamon Hotels & Resorts and Mintpay join forces to transform travel payment solutions

In a momentous stride towards redefining travel experiences, Cinnamon Hotels & Resorts, Sri Lanka’s leading hospitality chain and Mintpay, the country’s first Buy Now Pay Later platform, announced their strategic partnership. This collaboration establishes Cinnamon Hotels & Resorts as the first-ever hospitality chain to team up with Mintpay, creating a powerful synergy targeted at Sri Lanka’s evolving age group of 20 to 40-year-old travel and le

Mackinnons Travels announces group tours and tailor-made private travel packages

Mackinnons Travels Private Limited (MTL) one of Sri Lanka’s leading end-to-end travel management companies and the outbound travel arm of John Keells Holdings PLC (JKH) has announced its exceptional range of leisure solutions, with an exciting lineup of upcoming Group Tours to Azerbaijan, Jordan, Vietnam, Turkey, Europe, Malaysia, and Singapore, and enticing FIT tours to Morocco, the Golden Triangle of India and Kenya.

HNB Assurance and HNB General Insurance shine among Sri Lanka’s top brands

HNB Assurance PLC (HNBA) and HNB General Insurance Limited (HNBGI), yet again, secured spots among the prestigious Top 100 Most Valuable Brands in the country, according to the renowned Brand Finance and LMD Business Magazine. Lasitha Wimalaratne, CEO of HNB Assurance PLC, sharing his thoughts on this recognition stated, “We are incredibly proud of this recognition as it serves as an endorsement to the professional excellence and the service stan

HSBC Sri Lanka and Sarvodaya Movement partner to empower women entrepreneurs

HSBC Sri Lanka, in its commitment to supporting local communities and fostering sustainable economic growth, this week announced its partnership with the Lanka Jathika Sarvodaya Shramadana Sangamaya (LJSSS), a development organization committed to empowering marginalized communities, to empower women entrepreneurs in the country.

Amãna Bank wins multiple accolades at IFN Awards

Amana Bank announced that it has been recognized with multiple accolades at IFN Awards 2022, a leading awarding body that distinguish the best and leading players in the global Islamic finance industry based on their contributions in 2022. Hosted by Malaysian based RedMoney Group, the IFN Awards 2022 witnessed Amana Bank win the coveted title for Best Islamic Bank in Sri Lanka in addition to being adjudicated the Best Corporate Bank, Best Digita

First Capital retains crown as Most Valuable Consumer Brand in Investment Banking

First Capital has triumphed as the ‘Most Valuable Consumer Brand in the Investment Banking Sector,’ at the esteemed ‘Brands Annual 2023’ edition by Brand Finance. This achievement marks the second consecutive year that First Capital has secured the top spot, affirming its position as the most valued brand in the sector. Moreover, First Capital has also been recognized among the top 100 brands in the country. Dilshan Wirasekara, the Managing Dire

Sanasa Life Insurance bags Sustainable Brand of the Year Award in Mumbai

Sanasa Life Assurance was honoured with the Sustainable Brand of the Year 2023 award at the National Award of Excellence 2023 organised by the National Award for Excellence-in-Mumbai, India. Many leading companies in all parts of the world received awards during this award ceremony held in Mumbai, India. Sanasa Life Insurance is a leading insurance service provider in Sri Lanka with the aim of raising the living standards of the people sufferin

DFCC Bank breaks new ground with ‘DFCC Galaxy’

DFCC Bank has recently launched DFCC Galaxy, making it the first-ever Sri Lankan bank to open a virtual branch in the Metaverse. With this new development, DFCC Bank has taken a pioneering step, setting a benchmark for innovation and digitalisation in Sri Lanka’s banking and financial services space. DFCC Galaxy is set to revolutionise the banking industry in Sri Lanka, providing customers with a new, more exciting, accessible, and engaging way

SMIB appoints new Chairman

The State Mortgage & Investment Bank (SMIB) has announced the appointment of Joseph Soosaithasan as the new Chairman of the bank. Joseph’s appointment reflects SMIB’s commitment to ensuring stability and progress in delivering exceptional financial services to its valued customers.

BOC named No.1 Banking Brand in Sri Lanka for 15th consecutive year

Bank of Ceylon (BOC) was named the No.1 Banking Brand in Sri Lanka for the 15th consecutive year with the brand strength rating at ‘AAA’ by the Brand Finance Lanka in their publication of ‘Brand Annual 2023’ with Media Services Pvt Ltd (LMD). The BOC boasts for over Rs. 50 billion Brand value for the year 2023 the highest in the sector. A banking legend that completes 84 years of pioneering the country’s banking industry, BOC ensures it stays tr

JAT Holdings enters African market through joint venture with Kenya’s Mayleen Corp

JAT Holdings PLC, the market leader in wood coating in Sri Lanka, Bangladesh and the Maldives, has made its official entry into the African market in July by establishing a new entity called ‘JAT Paints Africa Limited’ in Kenya. This expansion was made possible through a joint venture with Mayleen Corp, a well-established diversified business house based in Kenya.

Travel recovery to boost global economy, says IMF

BBC: The International Monetary Fund (IMF) increased its forecast of how much the global economy will grow this year to 3 percent. The 0.2 percent improvement from April’s forecast was partly driven by increased post-pandemic travel.

Harsha outlines vision for sustainable economic growth through social market economy

During a recent press conference, Samagi Jana Balawegaya MP Harsha de Silva addressed the critical issues hindering Sri Lanka’s economic progress and outlined a vision for sustainable growth through a social market economy model. The press conference shed light on several factors contributing to the country’s economic challenges and proposed solutions to pave the way for a prosperous future.

SL to add 50 electric buses to public transport system

The Sri Lanka Transport Board (SLTB) will launch a pilot project adding 50 electric buses to create an efficient and quality transport service, Transport State Minister Lasantha Alagiyawanna said. He said that the approval of the Cabinet has already been received for this project, which is being implemented by Lakdiva Engineering Company Private Limited.

China-Sri Lanka FTA talks set to resume within next two months

The negotiations for the proposed China-Sri Lanka Free Trade Agreement (FTA) are expected to resume within the next one to two months after a six-year hiatus. “We are waiting for official communication from China on dates for the next round of FTA negotiations,” Sri Lanka’s International Trade Office Chief Negotiator K.J. Weerasinghe told a seminar organised by the National Chamber of Exporters, in Colombo, yesterday. Speaking to Mirror Business