As online financial fraud incidents are on the rise, financial sector stakeholders have called on the public to be cautious and be more vigilant. In a joint statement to the public, the Central Bank of Sri Lanka (CBSL), Sri Lanka’s Bankers Associat

Indices closed in red as a result of price losses in counters such as Commercial Bank, John Keells Holdings and DFCC Bank with the turnover crossing Rs 2.1 Bn. High net worth and institutional investor participation was noted in John Keells Holdings,

The secondary market continues to observe buying interest amidst moderate volumes, pushing down the rates across the yield curve. Thus, the buying interest was enticed on 15.05.26, 01.06.26 and 15.12.26 between 10.70 percent and 10.50 percent, whils

As Sri Lanka looks to build back its exports, it is vital that the island nation remains a competitive location for the manufacture of apparel, the Joint Apparel Association Forum (JAAF) said. JAAF Secretary General Yohan Lawrence noted it is pruden

REUTERS: Huawei Technologies’s net profit leapt 564 percent to 19.65 billion yuan (US $ 2.71 billion) in the first quarter, a regulatory filing by its parent company showed on Tuesday, as it continues to recover from US sanctions. Huawei’s revenu

BBC: Brewing giant Heineken will reopen 62 pubs that were closed in recent years and invest £39 million in refurbishing hundreds of sites across the UK. The company said the cash injection into its Star Pubs & Bars chain will create more than 1,000

The Colombo Stock Exchange (CSE) said that efforts are being actively rolled out to introduce sukuk products to the Sri Lankan capital market by the end of this month. A sukuk is an Islamic financial instrument, similar to conventional debt securiti

Sri Lanka tourism witnessed a drop in momentum in April with the number of international visitors falling below the 200,000....

The Colombo Stock Exchange (CSE) remains bullish on adding 10 new equity listings to the exchange by end ....

As the Yala season approaches, farmers are hard at work preparing their paddy fields. A farmer in Gampaha...

The International Finance Corporation (IFC) has entered into an agreement with Sunshine Healthcare Lanka (SHL), the healthcare....

Sri Lanka’s tourism industry faces a setback this summer as it is losing Russian charters to competitors. The decline comes...

Sri Lanka has managed to trim its budget deficit to 8.3 percent of the Gross Domestic Product (GDP) in 2023, from 10.2 percent....

Expolanka Holdings PLC for the twelve months ended 31 March 2024 reported Revenue of Rs. 249.9 billion, Gross Profit....

The mystery of a wooden steamship that went missing 115 years ago on Lake Superior with 14 sailors on board has finally....

When it comes to airport expansion projects, the Gulf States are abuzz and the competition is fierce. A mammoth....

In March 2024, all regions experienced robust growth in international passenger markets compared to the same period...

The International Air Transport Association (IATA) released its March 2024 report on Wednesday, revealing a notable.....

Classic Travel, a leading IATA-accredited travel agent based in Sri Lanka and a member of the renowned Expolanka Group....

Passenger vessel ‘Sivagangai’ is all set to resume ferry services between Kankesanthurai in Sri Lanka and Nagapattinam....

World trade can be complicated if not understood properly. Trade is rules-based transactions. Incoterms...

The Annual General Meeting (AGM) of the shareholders of DFCC Bank PLC was held recently at the bank’s head office....

As the global trend towards contactless payments continues to surge, Sampath Bank unveiled its latest innovation: Sampath...

Bank of Ceylon (BOC) recently concluded the latest season of its esteemed ‘Pita Pita Rata Thegi’ programme with the handover....

People’s Bank marked another significant milestone in its digital transformation journey with the full launch of People’s Wiz....

Fitch Ratings last week affirmed UB Finance PLC’s (UBF) National Long-Term Rating at ‘BB(lka)’. The Outlook....

ComBank Digital, Sri Lanka’s most-used digital banking platform, has significantly enhanced mass access by going trilingual....

Fitch Ratings has assigned Asia Asset Finance PLC’s (A+(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured....

Tourism Industry veterans cautioned that heightened confusion over the new visa system, along with the abrupt increase in visa fees, could derail 2.3 million tourist arrival target set for the year. This could potentially reduce arrivals below 2 mill

The highly debated Minimum Room Rate (MRR), which has the tourism industry divided, would be removed the end of this month, Tourism Minister Harin Fernando confirmed.