NDB Bank’s technological innovation honoured at LankaPay Technnovation Awards

NDB Bank was recently awarded a Silver Award for Financial Institution of the Year for Adopting LankaSign Digital Signatures and a Merit Award....

Union Assurance celebrates top performers for year 2022 

Union Assurance recently held its National Business Launch, celebrating its top performers for the year 2022. The event, attended...

Dinesh Dharmadasa appointed to HNBGI director board

HNB General Insurance Limited, subsidiary of HNB Assurance PLC, announced the appointed Dinesh Dharmadasa as an Independent

Colombo inflation falls sharply in April as base effect kicks in

The Colombo district inflation fell sharply in April, as the higher base effects from last year kicked in while the commodities prices are cooling, on the back of easing supply conditions and the relative strength in the rupee, which reduced the prices of imported goods.

Sri Lanka still has a fragile stability, says Ceylon Chamber chief

Ceylon Chamber of Commerce Chairman and Sunshine Holdings PLC Group Managing Director Vish Govindasamy said that the country has only gained a fragile stability and there is a lot more to be done in future.

Jetwing Vil Uyana featured among 15 best eco hotels in world by Condé Nast Traveller

The benchmark of eco-luxury hotels located in the heartlands of north-central Sri Lanka, Jetwing Vil Uyana’s story from concept to operations is a testament to the positive impact a hotel can have on the planet.

National Organic Certification Mark made public by EDB

In an event held in Colombo yesterday, the Sri Lanka Export Development Board (EDB) made public the National Organic Certification Mark (NOCM), to increase consumers’ awareness on organic food production.

Sri Lanka crisis: Central Bank lays out extent of economic problems

Sri Lanka’s Central Bank has laid out the extent of the country’s worst economic crisis in more than 70 years.

LAUGFS Lubricants expands footprint to Maldives

LAUGFS Holdings Limited recently ventured into the international market to expand its service offering to the Maldives, as part of the LAUGFS Strategic plan to enter new international markets.

Locally fabricated Combat All-Terrain Vehicles presented to Prez

The Sri Lanka Navy Marine Corps presented three special Combat All-Terrain Vehicles (CATVs) to President Ranil Wickremesinghe, at the Presidential Secretariat yesterday.

Government mulls on granting new leases to well-performing RPCs

In order to implement the agricultural modernisation plan, the government plans to grant new leases to well-performing Regional Plantations Companies (RPC), with ownership transfer restrictions in place.

CBSL presents Annual Report 2022 to President

In terms of Section 35 of the Monetary Law Act No. 58 of 1949, the seventy third Annual Report of the Monetary Board of the Central Bank of Sri Lanka was presented yesterday to President Ranil Wickremesinghe, who is also the Minister of Finance, Economic Stabilisation and National Policies, by Dr. P Nandalal Weerasinghe, the Governor of Central Bank of Sri Lanka.

Apparel export earnings hit 10-year low in 1Q

MAS Group breaks new ground as world’s first manufacturer of adaptive clothing for persons with disabilities

In a move to break the barriers that prevent persons with disabilities from better integrating into society, Twinery - Innovations by MAS – the changemakers of innovative clothing across the world, together with Linea Aqua, aim to break through the stigma surrounding disability by changing the narratives that discriminate.

Overseas Realty 1Q performance helped by massive exchange gains

Overseas Realty (Ceylon) PLC recorded a group revenue of Rs.880 million and a group profit before tax of Rs. 2.3 billion for the first quarter ending 31st March 2023.

Standard Chartered Sri Lanka executes first INR transaction for client

With the recent introduction of Indian Rupees (INR) as a designated foreign currency by the Central Bank, Standard Chartered Sri Lanka has completed its first INR transaction for a multinational corporate client in the form of an outward telegraphic transfer between Sri Lanka and the Bank’s office in Mumbai India.

Seylan Bank appoints Ramesh Jayasekara as Director/CEO

Sri Lanka ends year 2022 with 4.7% unemployment rate amid worst economic conditions

Sri Lankans see real wages eroding by around 20% last year amid red-hot inflation

Govt. to bring in fresh amendments to Inland Revenue Act to broaden tax base

With an aim to broaden the tax base by enabling electronic payments coupled with mandatory reporting for state institutions, the government plans to bring in fresh amendments to Inland Revenue Act, No.24 of 2017 in Parliament for approval this Friday.

Draft bill establishing separate budget office to be presented for parliamentary approval

The Cabinet nod has been granted to table the draft bill establishing a separate budget office at Parliament, for approval.

Debt talks with Paris Club and India on one platform; China separately

Sri Lanka plans to continue bilateral debt restructuring negotiations with the Paris Club creditors and India on a common platform and with China separately, without any prior conditions, in order to reach debt sustainability by restructuring the country’s unsustainable debt to manageable levels.

S&P affirms Sri Lanka’s ‘Selective Default’ sovereign rating

DSI Samson Group appoints top legal professional Uditha Egalahewa as Chairman

DSI Samson Group, one of the leading business conglomerates and a leading manufacturer of footwear and bicycle tyres in Sri Lanka, ceremonially inducted President’s Counsel Uditha Egalahewa as Chairman of the group, on April 24, 2023.

HydroGraph ties up with LOLC Advance Tech to tap US $ 47bn lead acid battery market

LOLC Advance Technologies Private Limited (LOLC AT), a wholly-owned subsidiary of LOLC Holdings PLC and HydroGraph Clean Power Incorporation, a commercial manufacturer of high-quality graphene, have recently entered into a Letter of Intent (LOI) to commercialise a jointly developed graphene blend that has shown significant improvements in battery performance.

Intrepid expects SL’s adventure tourism market to rebound to pre-pandemic levels this year

Australian-based Intrepid Travel, the world’s largest adventure travel company, expects Sri Lanka’s adventure tourism market to rebound to pre-pandemic levels this year.

Southbeach Weligama halfway up; completes four floors

Southbeach Weligama, Sri Lanka’s most exciting new freehold address is now halfway up. Four floors of the building’s construction have been completed with the remaining floors billed for completion in the next 3 months.

S-lon signs MoU with PUCSL to enhance local plumbing industry standards

With the aim of supporting plumbers in their career advancement and enhancing the overall quality of Sri Lanka’s plumbing industry, S-lon Lanka (Pvt) Ltd. has entered into a Memorandum of Understanding (MoU) with the Public Utility Commission of Sri Lanka (PUCSL).

CCI – HWK enter into agreement to improve vocational training in construction sector

The Chamber of Construction Industry of Sri Lanka and the Chamber of Skilled Grafts of Frankfort- Rhein and Main entered into a partnership project for the improvement of vocational training particularly in the construction sector.

Techno Hub Malabe by ICC introduces innovative office spaces

Techno Hub at Malabe is yet another innovative construction by International Construction Consortium (Pvt) Ltd (ICC) to provide commercial space at Malabe.

INSEE Sanstha wins People’s Housing and Construction Brand award

INSEE Sanstha Cement has reaffirmed its status as the most recognized and sought-after brand in Sri Lanka by winning the ‘SLIM Kantar People’s Awards 2023’ for ‘People’s Housing and Construction Brand of the Year’. This is the 12th consecutive year that INSEE Sanstha Cement has received this award.