Alliance Finance Company, further expanding its portfolio of financial services, launched its inwards foreign remittance service ....

The corporate landscape is currently grappling with a surge in bank account seizures by the Inland Revenue Department ...

Commercial Bank of Ceylon has launched the Visa Signature and Visa Platinum corporate credit cards in Sri Lanka....

NDB Bank, a trailblazer in fostering growth and empowerment in Sri Lanka, showcased its commitment to the nation’s youth....

The tourist arrivals to the island nation crossed the 60,000 mark in the first week of February, indicating improved interest in the destination.

A prominent American academic of Sri Lankan origin, Prof. Siva Sivanathan, called on Sri Lankan expatriates to be part of Sri Lanka’s growth story by contributing a portion of their earnings to the island nation’s children and youth.

Socomec India, a leading global specialist in low voltage (LV) power management, shared plans to venture into the markets of Sri Lanka, effective immediately. The Chennai-headquartered French powerhouse said the strategic move consolidates into a uni

Exterminators PLC, Asia’s first publicly listed and Great Place to Work-certified pest management and environmental enhancement technology company, announced the appointment of Dr. Kishu Gomes as its Chairman, with effect from February 8, 2024. Dr

BBC: Global cocoa prices have hit a fresh record high as dry weather hurts crops in West Africa. Cocoa prices on the New York commodities market reached a new all-time high of US $ 5,874 (£4,655) a tonne on Thursday. The cost of the key ingredient f

President Ranil Wickremesinghe convened with the members of Sri Lanka’s diaspora community in Perth yesterday morning. During the meeting, Wickremesinghe provided an update on the nation’s recovery efforts and discussed strategies for modernising

The offering at the Colombo Tea Auction this week totalled 4.7 million kilogrammes, which was a significantly lower volume from the 5.8 million kilogrammes on offer the previous week. Once again, notwithstanding the volatility and appreciation of th

The sharper fall in bill yields in last couple of weeks, and specially the plunge seen at this week’s primary auction has sparked concerns. Worry persists on the possibility of the bills no longer being an asset class which could offer investors th

Sri Lanka’s banking sector yesterday welcomed the move by the Central Bank to relax the restrictions imposed on Standing Facilities to Licensed Commercial Banks (LCBs) under Open Market Operations (OMOs) as it will help improve liquidity. Sri La

The Ceylon Electricity Board (CEB) and Rividhanavi (Pvt) Ltd. entered into a US$132 million power purchase agreement yesterday for a 100 MW ground-mount solar project in Siyambalanduwa. The agreemen

Vidullanka PLC reported earnings of Rs. 1,057 million from revenue of Rs. 4.3 billion during the nine months ended on 31 December 2023. The company’s financial statements published on the Colombo Stock Exchange showed a 37 percent increase in prof

To propel Sri Lanka towards a healthier future, ensure sustainable food practices and foster mindful eating habits for the wellbeing of generations to come, a transformative shift in our approach to food labelling is imperative. An impactf

Great Place to Work Certification is a Gold standard that can be earned by continuously working towards recognising and en

SLASSCOM’s People Summit 2024, bringing together industry leaders and HR professionals for a day of exclusive insights, collaboration and strategic planning, will serve as a pivotal resource for HR professionals to navigate the complexities of tale

Tokyo Cement Group saw its earnings for the third quarter ended 31 December 2023 (3Q24) contract by 64.8 percent Year-o

Vidullanka PLC reported earnings of Rs. 1,057 million from revenue of Rs. 4.3 billion during the nine months ended on 31 December 2023. The company’s

The sharper fall in bill yields in last couple of weeks, and specially the plunge seen at this week’s primary auction has sparked concerns.

Renewable energy player WindForce PLC announced it will be paying out a dividend of Rs. 1 per share, amounting to a total dividend payout of Rs. 1.35 billion. With this recent

DeltaSpike, a leading cyber security services provider headquartered in Singapore, appoints Edwin Lim as Global CEO.

Gross official reserves held by the Central Bank continued to build up as increased current account inflows in recent times mostly helped it to remain a net buyer of foreign currency from the domestic banking system.

The operating environment for the Sri Lankan finance and leasing company (FLC) industry is expected to continue to stabilise, following the inflation and interest rate shocks over the past two years, Fitch Ratings said yesterday.

The Cabinet nod has been given to import up to 15,000 tonnes of cashew nuts in shell this year, as the cashew harvest halved to 12,500 tonnes.

As Sri Lanka strives to come out of its debt vulnerability, the government assured efforts are underway to implement a debt restructuring framework within the first half of the year 2024. President Ranil Wickremesinghe, while detailing out the progre

The Lighthouse Hotel PLC (LHL) saw its revenue in the third quarter for the financial year ending 2024 (3Q24) surge 82 percent year-on-year (YoY) to Rs.357.7 million, from Rs.195 million recorded in the corresponding period of the previous year. For

India continues to show interest in Sri Lanka’s state-owned enterprises (SOEs). The majority of the bidders for the government-owned Canwill Holdings (Pvt.) Ltd are from the neighbouring giant. While a total of six companies have prequalified as bi

The secondary bond market yesterday started off on a strong note, with a rally that saw aggressive buying, pushing yields to fresh lows. Sizeable volumes transacted. According to Wealth Trust Securities, this was against the backdrop of positive rem