The Sri Lanka-Korea Business Council this week hosted a prolific panel discussion under the theme ‘Sri Lanka’s Future: Forecast, Scenarios and Challenges’, which delved into pressing topics concerning the country.

The Sri Lanka-Korea Business Council of the Ceylon Chamber of Commerce held a panel discussion on Wednesday at Hilton Colombo Residences.

The Free Trade Zone Manufacturers’ Association (FTZMA) has urged the Sri Lankan government to swiftly implement the proposed Asian Development Bank (ADB)-funded container-clearing yard in Kerawalapitiya, to mitigate the ongoing cargo delays at the

National Development Bank (NDB) posted a pre-tax profit of Rs.6.5 billion for the first half of 2024 (1H24), a growth of 58 percent, predominantly driven by the healthy net interest income.

A sharp drop in the provisions made for possible loans and other losses helped lift the profit at Hatton National Bank PLC (HNB) for the quarter ended in June 2024, as the company’s net interest income came under pressure, due to the faster decline

The Commercial Bank of Ceylon group, comprising of Sri Lanka’s biggest private sector bank and its subsidiaries and an associate, has reported gross income of Rs.163.12 billion for the six months ending June 30, 2024, a decline of 2.71 percent over

Nations Trust Bank PLC reported a solid June quarter performance, as it improved almost every key performance indicator, although the bank is still kicking into gear with respect to more meaningfully reopening its lending spigots.

The secondary market experienced limited activity during the day on the back of lean trades.

The ASPI closed in green as a result of price gains in counters such as Commercial Bank, Sampath Bank and Browns Investments with the turnover crossing Rs 1.3 Bn.

In a bid to popularize eco-friendly vehicles in Sri Lanka, John Keells CG Auto, a joint venture between Sri Lanka’s JKH Group and Nepal’s Chaudhary Group, as the authourised distributor for BYD passenger vehicles in the country yesterday official

A top official of China-based BYD Auto Industry Co. Ltd shared that the company is open for discussion to setup an assembly plant in Sri Lanka in the future based on demand.

The Export Development Board’s (EDB) latest edition of the statistical publication provides statistical information related to Sri Lanka’s external trade and its contribution to major economic indicators such as trade balance. GDP and individual

Softlogic Life recorded another quarter of solid financial performance with a Gross Written Premium (GWP) of Rs. 14.5 billion for the first six months ending 30 June (2QFY24), with an increase in top-line growth of 17 percent compared to the correspo

The Ceylon Chamber of Commerce, together with its member companies, represented Sri Lanka at the BIMSTEC Business Summit held on August 6-7 in New Delhi.

DirectPay announced its compliance with the Payment Card Industry Data Security Standard (PCI DSS) and celebrates an impressive achievement of processing Rs.30 billion in transactions since 2018.

The British Council has released a pivotal report that offers valuable insights into the current state and future potential of transnational education (TNE) in Sri Lanka, underscoring the opportunities and challenges faced by students and educational

The Colombo Stock Exchange (CSE) hosted a special awareness session titled “Creating Opportunities for Wealth Creation and Diversification” recently with the objective of creating awareness among investors about the range of alternative instrumen

Sanasa Life Insurance has partnered with Colombo-Re and Carekleen (Pvt) LTD to bring yet another insurance policy to provide an affordable insurance scheme for the employees of Carekleen.

Pelwatte Dairy Industries Limited has launched a project titled “Inclusion of Women in the Formal Dairy Supply Chain for Economic Empowerment of Women Farmers” that aims to empower women farmers, enhance the local dairy industry’s capabilities,

Digital consultancy company Hash 3 Three (Pvt) Ltd hosted a workshop in Colombo recently, uniting top business decision-makers from various industries to explore the potential of AI in revolutionizing their operations.

As sustainability is no longer a choice but a necessity for the textile and apparel industry, a top public official stressed that large industry players have an inherent responsibility and a larger role to play in guiding and supporting the whole ind

Browns Investments’ Colombo Marina Development (Private) Limited venture has been designated as a primary venture with a strategic development in order to become eligible for a series of exemptions or incentives under the provisions of Colombo Port

The Insurance Regulatory Commission of Sri Lanka (IRCSL) yesterday announced plans to implement reforms aimed at strengthening the stability and resilience of the local insurance industry, as the sector grapples with economic challenges that have sta

Dialog Axiata PLC reported some underwhelming performance in the quarter ended in June 2024 as the revenue declined while the overheads soared, pulling down the operating level performance of the group.

Sampath Bank is set to receive the ‘Asia’s Best Bank for Corporate Responsibility’ award at the Euromoney Awards for Excellence 2024, to be held on 12 September in Singapore.

hSenid Business Solutions (hBS) for the quarter ending 30 June reported a total revenue of Rs. 466.0 million, and a net loss of Rs. 60.4 million, an improvement when compared to both 1Q24 and 4Q24.

WSO2, a leading global provider of digital transformation technologies, yesterday announced that its acquisition by EQT was completed.

The Cabinet of Ministers this week approved lease agreements allowing Asiri Port City Hospital (Pvt) Ltd and Gateway International University (Pvt) Ltd to establish an international hospital, school, and university at Colombo Port City, with a combin

The ASPI closed in green as a result of price gains in counters such as LOLC Holdings, Ceylon Tobacco Company and Royal Ceramics with the turnover crossing Rs. 648 mn.