In a pioneering move towards the financial inclusivity, DFCC Bank is proud to unveil DFCC Freelancer – a comprehensive, tailored financial solution for freelancers. This groundbreaking solution is uniquely designed to cater specifically to the dyn

Uber Eats completed five years of operations in Sri Lanka late last year and celebrated the milestone with driver partners and their families. Varun Wijewardene, General Manager, Uber Eats Sri Lanka, termed the journey ‘nothing short of incredible

Breaking new ground in premium benefits and luxury air travel, the oneworld alliance unveiled its first-ever fully branded dedicated airport lounge in Seoul. The new oneworld lounge opens as the world’s leading airline alliance prepares to celebrat

The United Nations Tourism organisation has officially launched the application process for the 2024 iteration of its esteemed Best Tourism Villages initiative. In the preceding three editions, UN Tourism, formerly known as the World Tourism Organis

BBC: The US aviation regulator says it will allow Boeing’s 737 Max 9 jets to resume flying after inspections are completed.

SriLankan Aviation College, the training arm of SriLankan Airlines, has signed on to become Sri Lanka’s only International Air Transport Association (IATA) Regional Training Partner, joining ranks of a prestigious few training centres numbered to s

By Nishel Fernando First Capital Holdings said it sees room for shared growth in partnerships with the banking sector to broad base the unit trust investment market in the country. First Capital this week announced a groundbreaking partnership wi

Hela Apparel Holdings PLC yesterday announced the acquisition of Focus Brands, a major UK-based apparel brand licensing house. Hela has acquired 100 percent shareholding in the company from JD Sports Fashion PLC, one of the world’s leading global o

Fitch stated on Wednesday that elections are scheduled for 2024 in almost half of its rated portfolio of Asia Pacific (APAC) sovereigns and will lead to some uncertainty. In its report, Fitch said that the Asia-Pacific region should largely remain r

A group of foreign tourists are seen embracing the sacred ambiance of Sri Lanka’s iconic Gangarama Temple yesterday, taking part in religious rituals held for the Duruthu full moon Poya Day. Gangarama Temple, with its rich historical significance a

BBC: Tesla is forecasting a sharp sales slowdown this year, becoming the latest car company to warn of sagging demand. Elon Musk’s electric vehicle (EV) maker said growth would be “notably lower” than in 2023, when deliveries rose 38 percent. T

Central Bank said they hadn’t even begun talking about unlocking the roughly US$ 1.4 billion equivalent Yuan denominated currency swap line with China as they do not see the need for doing so and they also have a target to build its foreign currenc

Merchant fees which are at most times conveniently passed on to the customer should not be borne by the customer, the Central Bank asserted this week. As per agreements inked between banks and vendors, the fee must be absorbed by the merchant himself

The recently introduced Value Added Tax (VAT) on used vehicles has inadvertently given rise to a black market within the industry. This, in turn, has led to an escalation in the market prices of used vehicles, adversely impacting the average citizens

Credit to the private sector is expected to have increased by approximately Rs.100 billion in December of the previous year, marking a rise from the preceding month. This suggests a robust demand for credit from the private sector in the upcoming mon

CNN: One of Europe’s most valuable companies is restructuring 8,000 jobs as it joins a growing list of firms shifting their focus to artificial intelligence. SAP (SAP), the enterprise software giant, announced Tuesday that it would spend 2 billion

In a move towards advancing sustainable development, the United Nations Development Programme in Sri Lanka (UNDP) and UN Global Compact Network Sri Lanka (Network Sri Lanka) recently renewed their commitment through the signing of the third memorandu

NDB Bank and the Colombo Stock Exchange (CSE) entered into a memorandum of understanding (MoU) to pave the way for foreign investors to seamlessly invest in the CSE, through Inward Investment Accounts (IIA), accessible via the CSE mobile application.

Standard Chartered has announced the appointment of Rukshila Seneviratne as the new Head of Human Resources for Sri Lanka, effective 12thJanuary 2024. In her new role, Rukshila will lead the country’s people strategy and will join the bank’s Cou

Reaffirming its commitment to upholding Sri Lanka’s rich cultural heritage, SLT-Mobitel powers the cinematic masterpiece ‘Sihinayeki Adarey’. ‘This collaboration aims to captivate audiences through a narrative that explores the connections be

Marking a significant milestone, Sysco LABS announced the successful conclusion of the 10th phase of their flagship sustainability project, ‘Share a meal, Share a moment’, spreading warmth and sustenance to communities in the Lunawa and Balagala

One hundred and fifty high achieving students who excelled in the Grade 5 Scholarship and GCE Ordinary Level examinations were felicitated at the 15th CDB Sisudiri Scholarship Awards Ceremony held at the BMICH in January. Under the aegis of Chief G

Ceylinco Life has undertaken the reforestation of 10 acres of degraded rainforest in Balangoda and its maintenance for five years, as a corporate sustainability initiative. An investment of Rs 5.7 million, the project will be executed in collaboratio

In a significant move, Transparency International Sri Lanka (TISL) has submitted a Special Determination petition to the Supreme Court, contesting the ‘Microfinance and Credit Regulatory Authority.....

While different countries in the Asian region are at different levels when it comes to digital transformation, Sri Lanka is observed to be putting in “tremendous” efforts in this regard, which will pave the way for the island nation to reach its

In an effort to have a vibrant stock exchange, the Securities and Exchange Commission (SEC) called on stakeholders to step up efforts in creating a more capital-friendly market, for which further collaboration....

Amazon has been fined €32m (£27m) in France for “excessive” surveillance of its workers, including measures the data watchdog found to be illegal. The CNIL...

The Central Bank offered Rs. 130 billion in Treasury Bills at this week’s auction across the three maturities and the full amount was raised. Declines in three-month....

Despite a notable reduction in interest rates from last year’s peak, driven by previous rate cuts and targeted monetary policies, certain banks are yet to align their rates with the Central Bank’s...

Asia Pacific ICT Alliance (APICTA) Awards 2023, held in Hong Kong, witnessed a remarkable showcase of talent from across the region. Among the distinguished....