The boom in technology is taking the world by storm but millions of employees are at risk as artificial intelligence (AI) is expected to affect almost 40 percent of jobs around the world, the International Monetary Fund (IMF) cautioned. IMF Chief Kr

Discover the pinnacle of cooling technology with LG air conditioners, brought to you exclusively by Abans, the sole agent for LG in Sri Lanka. Revolutionizing the way you experience air conditioning, the LG Dual Cool Inverter AC with Wi-Fi technolog

Cool Planet launched its 10th outlet, by expanding to Katubedda, marking a significant milestone in the brand’s commitment to delivering unparalleled shopping experiences. This achievement underscores the brand’s dedication to meeting the evolvin

Enchanteur made a grand foray into soap category with their three exclusive variants Romantic, Charming and Alluring. The new offerings promise a fine fragrance experience at an affordable price point. The event was graced by the presence of disting

In the world of kitchen design and innovation, few names stand as tall as Häcker. Hailing from Germany, a country renowned for its precision engineering and meticulous attention to detail, Häcker kitchens have earned a global reputation for excelle

Her Royal Highness The Princess Royal and Vice Admiral Sir Timothy Laurence visited the British Council office in Colombo on 12 January for a series of engagements as part of their visit to Sri Lanka. They were welcomed at the British Council with a

Businesses looking for a viable alternative to electricity from the national grid have been provided an opportunity to invest in solar power as a result of a collaboration between the Commercial Bank of Ceylon and Hayleys Solar, the renewable energy

The Sustainable Future Group (SFG), Sri Lanka’s premier Sustainability Validation and Verification Body chalked up another first when it was accredited under the Carbon Offsetting Scheme for International Aviation (CORSIA) Scheme. The SFG was also

In a groundbreaking move, Kiddies & Toys International (KTI), a prominent subsidiary of LIMRA Holdings, has set the stage for dominance in the Sri Lankan stationery market with the introduction of its revolutionary pen series under the LeEd Stationer

Weighing in on the pressure to weaken the parate execution powers that lie with the banks, the last recourse to recover moneys lent to willful borrowers, the Central Bank Governor, Dr. Nandalal Weerasinghe once again cautioned of adverse impacts to s

David Pieris Motor Company (Pvt) Limited (DPMC), the largest automotive company in Sri Lanka, recently celebrated 30 years of revolutionizing not only the local automotive industry but also the transportation industry. DPMC has become a driving force

Sri Lanka’s efforts to come out from the worst crisis faced since independence was commended by one of its major creditors, Japan, whose Finance Minister expressed keenness in deepening economic ties with the island nation. Japanese Finance Ministe

This week’s auction volumes were fairly similar to last and totalled 5.1 million kilogrammes. There was a good general demand, except in the Duct category, where the prices were impacted, following inactivity of local buyers, perhaps resulting from

In a significant show of support for both tourism and the arts, Sail Lanka, the leading name in marine tourism, proudly announces its sponsorship for Galle Literary Festival 2024. This strategic partnership highlights Sail Lanka’s commitment to fo

Shashi Kandambi, a leading professional in the banking sector, assumed office as the 19th General Manager/CEO of National Savings Bank (NSB) this week. Kandambi was Senior Deputy General Manager of International Banking at Sampath Bank, where she had

FitsAir, Sri Lanka’s leading low-cost airline, is proud to announce a significant enhancement to its service offerings by obtaining the approval for inflight self-catering. This strategic move aligns with the airline’s vision to offer low-cost i

SLT-Mobitel, the national information and communications technology (ICT) solutions provider, has achieved another milestone by securing the prestigious honour of being ranked among the Business Today’s TOP 40 2022-2023 listings, dominating the tel

The Sri Lanka Tourism Promotion Bureau (SLTPB) unveiled its plans to launch a marketing campaign in mass media channels by the end of this year, while efforts are underway to officially kick off the global promotion campaign, under the new brand iden

The Central Bank announced this week a slew of changes to its monetary policymaking to improve both its efficacy and transmission, as it remains committed to maintaining price stability under the inflation targeting framework while facilitating the e

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BBC: Airline regulators will not be rushed into clearing grounded Boeing 737 Max 9 planes after a mid-air blowout, the US government has said. The aircraft, which were suspended in the US following an incident on an Alaska Airlines flight “need to

Sri Lanka’s gem and jewellery industry will receive a fresh boost as plans are afoot to bring in significant advancement to the industry over the next two years, the government said. The pledge t

The Central Bank announced this week the initiation of a balance sheet run-off. This move comes as the institution addresses the unprecedentedly substantial expansion of its balance sheet in the recent past. While the Centr

Sri Lanka came under the international spotlight once again for its unique tourism offering, but drawing the attention this time round is the scenic city of Negombo. The New York Times in its latest travel review placed the fishing village of Negomb

Citrus Leisure PLC announced this week that it would raise Rs.1.5 billion by way of a rights issue. In a filin

The benchmark one-year Treasury bill yield extended its weeks-long downward stickiness at the weekly bill auction held on Wednesday. This is despite the assurances by the Central Bank that it would continue on its monetary easing cycle and enter int

BBC: Fan Yifei, a disgraced former Chinese central banker, has admitted making a “huge mistake” in comments aired as part of a documentary by state broadcaster CCTV that alleges he accepted massive bribes from the beginning of his tenure. Fan, wh

In a groundbreaking achievement for Sri Lanka’s renewable energy landscape, Hayleys Solar, a division of Hayleys Fentons, has surpassed the 150MWp mark in rooftop solar installations. This remarkable feat establishes a national record for rooft

HNB Finance Plc has appointed Rajive Dissanayake as the new Chairman of the company, effective from January 8, 2024. Dissanayake succeeds Dilshan Rodrigo, former Chairman and HNB Executive Director/COO, who served the board since 20

By Nishel Fernando The government this week said it is mulling on a possible downward revision of the Value Added Tax (VAT) rate in the second quarter of 2024. A relief is likely towards March-April this year. Addressing a special conference held