While reiterating once again the importance of consolidation in the banking sector for higher scale, efficiency and strength, the Central Bank said it is going to roll out the second phase of the consolidation master plan for the non-bank finance com

Singer Sri Lanka PLC, the holding company engaged in retailing and wholesale marketing home appliances and furniture, would merge with two of its subsidiary companies, a filing to the Colombo Stock Exchange revealed. Hayleys PLC, the parent company,

The Colombo Stock Exchange (CSE) this week saw five companies delist. As per the notices from the capital market operator, Indo-Malay PLC, Good Hope PLC, Selinsing PLC, Shalimar (Malay) PLC and Nestle Lanka PLC have been delisted from the official li

A game-changing world first in the sphere of packaging for bulk teas by Sri Lanka’s St. Regis Packaging can potentially enhance the environmental credentials of Ceylon Tea on the global stage. The inventor of the Rigid-T-Sack that replaced plywood

The Colombo Tea Auction saw 5.1 million kilogrammes come under the hammer this week, which was met with good demand. In the Ex-Estate catalogues, the quantity on offer totalling 0.76 million kilogrammes, was fairly similar to last, with only a small

BBC: Retail sales volumes fell by 3.2 percent in December in the sharpest drop since the UK was in a Covid lockdown. Official figures revealed a sharp fall in demand for goods but food sales also declined in the run-up to Christmas. The Office for Na

The Export Development Board (EDB) has solidified its commitment to advancing the ICT BPM sector by establishing a strategic partnership with the Japan International Cooperation Agency (JICA). This collaboration is set to play a pivotal role in expa

As the Central Bank of Sri Lanka prepares to announce the initial monetary policy review of 2024 next week, industry experts anticipate that the monetary authority will uphold current policy rates initially, with a subsequent shift towards a more acc

The governments of India and Sri Lanka are currently working on promoting and strengthening connectivity in digital, physical, and power & energy spheres between the two countries. In the digital sphere, the Indian government has embarked on several

In a candid discussion at the World Economic Forum (WEF) stakeholder dialogue titled ‘Pulling back from the brink,’ held in Kurpark Village, Aspen, President Ranil Wickremesinghe outlined short-term strategies aimed at revitalising Sri Lanka’s

Sri Lanka is eyeing to attract high-end tourists to the Southern Coast with upcoming ‘Galle Concerto 2024’ series featuring six vibrant festivals in art, food, literature, and music in this peak winter season. “Out of our (2

The governments of India and Sri Lanka are currently working on promoting and strengthening connectivity in digital, physical, and power & energy spheres between the two countries.

Diversified conglomerate Sunshine Holdings PLC has announced the appointment of Shyam Sathasivam as its Group Chief Executive Officer. Shyam held the p

In a strategic move to promote International Fair Trade and foster global cooperation, Sri Lanka has inked the Framework of Cooperation (FOC) with International Fair Trade Networks in Colombo. The signing cerem

The Indian CEOs were able to get first-hand insights on the development in Sri Lanka’s economic landscape this week with President Ranil Wickremesinghe taking the centre stage at a recent roundtable discussion organised by the Con

The AMDT School of Creativity recently had the privilege of hosting key officials from Falmouth University, with which it is affiliated, offering globally recognised Falmouth University BA (Hons) Degrees in Sri Lanka. Falmouth University

Elevating Sri Lanka’s entertainment landscape, Dialog Television, Sri Lanka’s #1 Pay-TV service provider, launched the popular HITS NOW channel in High Definition (HD) on Channel 113 for its customers, bringing quality curated

Despite the recent immigration policy changes and new strategies introduced by Australia and the United Kingdom for students aspiring to pursue higher education, the International Centre for Foreign Studies (ICFS) said that many other destinati

In an exciting partnership, Great Place to Work and Mastercard are set to host ‘Mastering Greatness – Brains & Brawn’, designed by G360 and Cherish, which is an exhilarating Amazing Race-type team event that promises to engage bot

First Capital Holdings PLC, the pioneering investment institution, has secured a prestigious accolade at TAGS Awards 2023, organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) for the 58th consecutive year

Maris Stella College Negombo Old Boys Association (OBA) proudly announces the launch of the much-anticipated Edura Global Education Fest 2024, featuring an education exhibition, job fair and book fair. Under the them

LB Finance PLC reported higher revenues and profits in the three months to December 2023 despite higher provisions made against possible bad loans, operating expenses and taxes as the company gave fresh loans during the p

The Central Bank offered Rs.95 billion in Treasury bills (T-bills) at this week’s auction across the three maturities, where it managed to raise the entire amount. Majority of the bills were accepted from the three-month and six-month T-bills; howe

Lanka IOC PLC, Sri Lanka’s second largest fuel importer and distributor, reported both lower revenues and profits in the three months through December 2023, as prices at the pump came off their 2022 highs under the monthly pricing formula,

As part of a slew of policy reforms that are in the pipeline to improve both the resilience and corporate governance of the banks in the near and medium term, the existing Banking Act, which is currently being amended, could see its passage through P

Sri Lanka tea production for December 2023 totalled 19.81 million kilogrammes, showing a marginal increase of 0.5 percent year-on-year (YoY). In the corresponding month in 2022, the crop output totalled 19.71 million kilogrammes.

The tea exports for December 2023 totalled 20.75 million kilogrammes, recording a 7.5 percent increase year-on-year (YoY). Packeted tea together with tea bags and green tea has seen an improvement against the corresponding month of 2022, whilst tea

Corresponding with the ongoing World Economic Forum in Davos, Switzerland, President Ranil Wickremesinghe engaged in discussions with International Monetary Fund Managing Director Kristalina Georgieva and Deputy Managing Director Gita Gopinath. Seni

Lanka IOC PLC, Sri Lanka’s second largest fuel importer and distributor, reported both lower revenues and profits in the three months through December 2023, as the prices at the pump came off their 2022 highs under the monthly pricing formula, amid

The Central Bank offered Rs.95 billion in Treasury bills (T-bills) at this week’s auction across the three maturities, where it managed to raise the entire amount. Majority of the bills were accepted from the three-month and six-month T-bills; howe