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.

US $ 53mn sought from ADB to make roads accessible

The government is seeking US $ 53 million from the Asian Development Bank (ADB) to minimise the disruptions to the public due to the stalled road development projects, after the country defaulted on its external debt.

Nestlé Lanka announces plans to go private

Nestlé Lanka PLC yesterday announced its plans to delist its shares from the Colombo Stock Exchange (CSE).

Cabinet nod to table Banks (Special Provisions) Bill in Parliament

In a bid to strengthen the bank resolution framework on a priority basis, the Cabinet nod has been granted to table the draft Banks (Special Provisions) Bill in Parliament for approval.

Emirates renews partnership with Sri Lanka Tourism

Emirates has pledged its renewed support to promoting tourism in Sri Lanka through a memorandum of understanding (MoU) signed with the Sri Lanka Tourism Promotion Bureau.

Govt. to introduce a special incentive package soon to attract large-scale FDIs

The government plans to introduce a special incentive package soon, to attract large-scale foreign direct investments (FDI) into the country.

Investor-centric new investment policies and laws will be introduced: Dilum

Investment Promotion State Minister Dilum Amunugama said that a committee of experts has been appointed to introduce a stable investment policy and a unified investment law, making Sri Lanka the easiest and most attractive country in the Asian region for investment

Tata Sons touted as possible SriLankan Airlines investor

Indian conglomerate Tata Sons is again being touted in media reports as a possible investor in SriLankan Airlines (UL, Colombo International).

Consumer Affairs Authority Act to be updated after twenty-year lapse

The Cabinet nod has been granted to update Consumer Affairs Authority Act No. 9 of 2003, after 20 years, with the aim of establishing a fair market system by further strengthening the legal provisions.

Three new members appointed to Finance Commission

President Ranil Wickremesinghe has appointed three new members to the Finance Commission, on the recommendation of the Constitutional Council.

HIP eyes becoming key transshipment port for India’s EV manufacturing hub

With India looking very positively at becoming a manufacturing hub for electric vehicles (EV), joint venture partners are looking very closely at Hambantota International Port (HIP) as the key transshipment point for their markets in the East and West of the island. HIP participated in the recently held ‘ET Auto Electric Vehicle Conclave 2023’ organised in Delhi.

Colombo Dockyard delivers second vessel of 5000DWT bulk carriers to Norway’s Misje Eco

Norwegian company Misje Eco Bulk AS collected its 2nd vessel ‘Misje Verde’ of the series of 5000DWT Eco Bulk Carriers as Colombo Dockyard PLC (CDPLC) ceremonially delivered the vessel on 21st of April 2023 at the Guide Pier of the CDPLC premises.