As arrears in gold pawn advances hit a record Rs.571 billion amidst the economic crisis, the government has decided to provide interest relief for borrowers in hard-hit low-income communities.

The local handloom sector in Sri Lanka is set to receive a significant push with the government looking to implement several development programmes specifically targeting the empowerment of women and youth involved in the industry.

Renewable energy company, Windforce PLC announced this week the successful commissioning of the 389 KWp Ground Mount Off-Grid Solar Power Project in Zanzibar, Tanzania.

The month of July continues to witness an increased momentum in tourist arrivals as the number of international visitors to the country for the first three weeks crossed the 127,000 mark.

The Cabinet green light has been granted to the draft bill amending the he National Minimum Wage of Workers Act No. 3 of 2016 in order to adjust the national minimum wage to Rs. Rs. 17,500 from current Rs. 12, 500.

The ASPI closed in green as a result of price gains in counters such as Melstacorp, Richard Pieris & Company and Cargills with the turnover crossing Rs. 540 mn.

The secondary market yield curve remained broadly unchanged yesterday amidst limited activities and low trading volumes across the market, ahead of today’s monetary policy decision and bill auction.

Commercial Bank of Ceylon won a remarkable six awards presented in three separate segments recently by Asian Business and Finance (ABF) at a single event in Singapore – the 2024 edition of the magazine’s annual awards ceremony.

Cinnamon Hotels & Resorts announced the appointment of Sriyangani Dhanapala as the first female Resort Manager of Cinnamon Bentota Beach.

Mercantile Investments celebrated a significant milestone with the inauguration of its 55th branch at No. 40, Nuwara Eliya Road, Welimada.

Indian Hotels Company Limited Managing Director and Chief Executive Officer Puneet Chhatwal held discussions with President Ranil Wickremesinghe and shared the entity’s expansion plans and new investments in Sri Lanka.

Dipped Products PLC (DPL), a global leader in the manufacturing of high-quality gloves and a subsidiary of Hayley’s PLC, announced the opening of its dedicated sales and marketing office in Mumbai, India.

Rooster’s cutting-edge Human Resource Information System (HRIS) is designed to enhance efficiency, accuracy and employee engagement.

The Organisation of Professional Associations (OPA) is to hold its 37th Annual Conference on August 26 and 27, at Shangri-La Hotel, Colombo.

Cementing its leadership status for non-interest-based banking in the country, Amãna has been honoured with the title of Best Islamic Bank in Sri Lanka at the prestigious Euromoney Islamic Finance Awards.

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has introduced its latest prepaid Home Broadband Reload plan to cater to the ever-growing Data needs of Sri Lankan households. This plan offers ample data for an entire household with a singl

The National HR Conference (NHRC), organised by the Chartered Institute of Personnel Management (CIPM) Sri Lanka, was held at Monarch Imperial, under the theme, ‘Navigating the HR Horizon’.

Bianco (Pvt.) Ltd, a top electrical trading company in Sri Lanka, celebrated its 25th anniversary with a grand event at Galle Face Hotel recently.

Sri Lanka’s inflation, measured by the National Consumer Price Index, gained pace in June to 2.4 percent from a year ago, from 1.6 percent through May, as the food prices rose in June, largely due to the weather-related disruptions to the crops.

The Sri Lanka Tourism Development Authority (SLTDA) together with the Tourism Ministry yesterday signed memoranda of understanding (MoUs) with four key stakeholder agencies, to further strengthen the recovering tourism sector.

HSBC Sri Lanka has been recognised as the Best International Bank in Sri Lanka by Euromoney, in its Awards for Excellence 2024.

The initial public offering (IPO) of the shares of Cable Solutions Limited (CSLK) will open today.

The Sri Lanka Tourism Promotions Bureau (SLTPB) yesterday said that the tenders for the public relations campaigns and six-month digital campaigns, targeting the key source markets, would be awarded soon.

Indices closed in red as a result of price losses in counters such as Commercial Bank, Melstacorp and Hatton National Bank with the turnover crossing Rs 678 Mn.

The secondary market experienced mixed sentiment amidst limited activities and thin trading volumes, ahead of the upcoming monetary policy announcement scheduled for the 24th of this week.

The Colombo Stock Exchange (CSE) hosted an issuer forum recently at ‘The Epitome’, Kurunegala for business owners in the Wayamba province.

Mercantile Investments celebrated a significant milestone with the inauguration of its 55th branch Nuwara Eliya Road, Welimada.

Talawakelle Tea Estates PLC, a subsidiary of Hayleys Plantations, is set to participate in the upcoming International Tea Convention, where it will showcase its exceptional range of specialty teas, including the renowned Tea Coins from its Great West

HNB PLC unveiled ‘HNB Self-Onboarding’, a transformative digital banking solution that allows customers to open an HNB account entirely online.

The AYDA Awards 2023/2024 international finale, held from July 3-5th at the ITC Grand Chola in Chennai, served as the pinnacle event uniting National Winners across 17 countries and regions competing for the coveted title of AYDA Designers of the Yea