HDFC Bank gets new Chairman and Non-Executive Director

D. Soosaipillai and B.K. Prabath Chandrakeerthi were appointed as Independent Non-Executive Directors of the HDFC Bank of Sri Lanka, with effect from 12th April 2023. Soosaipillai was also appointed Chairman of the Board.

Resilience and agility enabled us stay ahead of the curve: SDF CEO

Sarvodaya Development Finance (SDF) was Sri Lanka’s first development finance company and continues to remain a market leader in the space. Despite facing several challenges and an adverse economic environment, SDF managed to achieve strong financial KPIs in 2022 through a combination of strategic initiatives, effective cost management, and operational efficiency.

INSEE Ecocycle celebrates two decades of excellence

This year, INSEE Ecocycle celebrates two decades in its mission to become Sri Lanka’s foremost sustainable waste management and environmental services provider, towards a cleaner and greener Sri Lanka.

ComBank promotes cash saving with gift of tills for new ‘Arunalu’ & ‘Isuru’ accounts

With cash gifting reaching a peak at the ‘Avurudu’ season, the Commercial Bank of Ceylon has launched a promotion to encourage children to save the cash they receive in the bank’s popular savings schemes for minors.

Colorup Roof Tiles set to revolutionize roofing in Sri Lanka

Featured at the recent Architect 2023 Exhibition, Colorup Roof Tiles is a novel range of aesthetic and technologically advanced roofing product that helps consumers overcome challenges often faced when using other roofing tiles.

Home Lands Skyline introduces Greendale Retirement Resort and Residencies

Home Lands Skyline, the pioneering leader of Sri Lanka’s real estate market, is once again set to revolutionize the industry with a novel project that is the first of its kind.

EPF’s high dependence on G-Secs exposes it to possible debt optimisation risks, says CB

The largest superannuation fund in the country, the Employees’ Provident Fund’s (EPF) heavier tilt towards the government securities....

Sri Lanka and Bangladesh to resume talks for bilateral trade deal this month

Sri Lanka and Bangladesh plan to hold an introductory meeting virtually on 29th of this month to commence negotiations for the proposed...

Foreign reserves extend months-long gains as SL looks past forex crisis

Sri Lanka’s foreign currency reserves extended its months-long gains in April, though nudging by a little, as the country is slowly looking past its worst foreign currency troubles, which plagued the economy last year.

ChatGPT can pick stocks better than one’s fund manager

A basket of stocks selected by ChatGPT, a chatbot powered by artificial intelligence (AI), has far outperformed some of the most popular....

April tourism earnings reach US$ 167 million

Sri Lanka’s monthly tourism earnings have consistently stayed above US$ 160 million a month in 2023 supported by rising arrivals....

Banks at ease as Central Bank gives fresh assurance acknowledging sector stability cannot be risked

After raising concerns and seeking clarity on the proposed Domestic Debt Optimisation (DDO), the Sri Lanka Banks Association...

Nestlé Lanka set to become 107th entity to delist from CSE

Nestlé Lanka PLC is set to become 107th public entity to delist from the Colombo Stock Exchange (CSE) following the multinational’s...

Orel Corporation-UoK partner to launch SL’s first-ever Smart Ceiling Fan Controller

University of Kelaniya (UoK) Physics and Electronics Department has created a revolutionary product, the Smart Remotely Controllable Ceiling....

Amritha Incense Sticks achieves historic milestone with SLS certification

Manufactured and distributed by Darley Butler & Company Limited, Amritha Incense Sticks, a leader and pioneer in the locally produced....

realme launches C55 new smartphone for different segments

realme, the world’s fastest-growing smartphone brand, has launched a new smartphone, the realme C55, for different market....

Multichemi International wins National Award for Industrial Excellence

Multichemi International Ltd, the pioneer in environment-friendly, biodegradable detergents under the flagship brand name ‘dash’....

HNB with WEBXPAY provides cutting-edge direct payment solutions to MSMEs

Empowering MSMEs and driving digital transformation at the grassroots, Sri Lanka’s most digitally-savvy bank HNB PLC partnered....

NDB soars 9 ranks to 12th position at Business Today Top 40 ranking

National Development Bank PLC (NDB) achieved a remarkable milestone by securing the 12th position in the Business Today Top 40....

IASL appoints office bearers for 2023/24

The Insurance Association of Sri Lanka (IASL), the representative body of the insurance industry in the country, appointed its office bearers...

Amãna Bank hosts Drive 2023 SME business forum in Central region

Amana Bank recently conducted a business forum for its SME customers in the Central region. The business forum....

Sri Lanka Insurance introduces Virtual Claim Assistance for Motor Plus customers

The most recent initiative introduced by Sri Lanka Insurance to enhance customer experience was the Virtual Claim Assistance value-added...

Trade Finance Association of Bankers holds 26th AGM

The Trade Finance Association of Bankers (TFAB) held its 26th Annual General Meeting (AGM) recently, at Lotus Room, Grand Oriental Hotel....

IMF backs Sri Lanka’s financial sector stability in potential DDR scenario

The International Monetary Fund (IMF) plans to support the government to come up with a strategyto safeguard financial sector stability in a potential domestic debt restructuring (DDR) scenario, a top official of the Fund said.

Browns Investments to buy James Finlay Kenya tea estates business

Finlays, a leading global supplier of tea, coffee and botanical ingredients and solutions, yesterday said it has reached an agreement to sell its James Finlay Kenya tea estates business to Sri Lanka’s Browns Investments PLC.

Moose Clothing enters Singapore in partnership with retail giant Mustafa Center

Moose Clothing Company has made yet another commendable move to expand the global footprint of the brand through their latest partnership with the well-known retail giant - Mustafa Center in Singapore.

Australian mineral exploration company appoints JAT Holdings as country partner

Titanium Sands to acquire James Global and partner with JAT Holdings for Sri Lankan activities

Fed lifts rates by a quarter point

The Federal Reserve voted unanimously to raise interest rates by a quarter point Wednesday, the tenth rate hike since the central bank started its battle against inflation last March.

Cargills ventures into fuel retail business with Lanka IOC

Cargills (Ceylon) PLC is marking a new milestone in its journey by opening Lanka IOC fuel stations at its Cargills retail outlets.

Indian American businessman Ajay Banga elected as new President of WB

The World Bank’s board of governors on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, ushering in an Indian-born finance and development expert to revamp the lender to tackle climate change and other global crises.