Sri Lanka is actively working towards increasing the influx of international visitors from China, with plans underway to lure one million tourists in 2025, under the ‘Ni Hao Zhong Guo’ programme.

Japanese Finance Minister Suzuki Shunichi would undertake an official visit to Sri Lanka this week, the Foreign Affairs Ministry said. Shunichi will be in the country from January 11 to 12, 2024. During the visit, Shunichi is scheduled to have offici

DIMO continues to shine at a global scale clinching the Joint Gold Award in the Diversified Category, and another Gold Award for Integrated Reporting at the recent South Asian Federation of Accountants (SAFA) Best Presented Annual Report Awards, Inte

Exide, the leader in automotive batteries in Sri Lanka was yet again one of the sponsors of the renowned Katukurunda Speed 2023. Organised by Sri Lanka Automobile Sports (SLAS) in collaboration with its 10 member clubs, the much-awaited event took pl

Nikkei Asia: Honda Motor is considering building an electric vehicle plant in Canada, with the project to possibly involve in-house production of batteries, Nikkei has learned. Overall spending on the project could reach 2 trillion yen (US$ 14 billi

A common unfortunate experience shared by Sri Lankans is being exposed to clouds of unpleasant emissions from internal combustion engine (ICE) vehicles. This is a growing challenge, especially considering Sri Lanka’s ageing vehicle fleets. Accordin

Roughly 1.5 million state sector employees have continued to see their real incomes plunged, leaving them further worse off from where they were, as they haven’t seen their wages rising at all.

The capital market operator, the Colombo Stock Exchange (CSE), yesterday announced that disciplinary action has been taken against Bimputh Finance PLC, for non-compliance. Since the company has failed to submit the annual report for the financial yea

Odel PLC, a subsidiary of diversified conglomerate Softlogic Holdings PLC, announced on Friday (5) its requirement to raise the company’s stated capital. In a filing to the Colombo Stock Exchange (CSE), Odel PLC said it is looking to raise Rs.3.3 b

The New Wings organisation yesterday held a protest in Colombo against the recent increase in Value Added Tax (VAT) to 18 percent to expand the state revenue. While several efforts are being rolled out to strengthen the local tax system, including ge

SriLankan Airlines yesterday affirmed that it has not sourced any equipment from AOG Technics. The entity was removed from the supplier list a few months back. In a statement to the media yesterday, SriLankan Airlines said that in a subsequent sche

The Central Bank of Sri Lanka (CBSL) expects to raise Rs.100 billion at the weekly Treasury bill (T-bill) auction. The auction is scheduled to take place on January 10. Rs.30.0 billion is to be raised from the 91-day maturities; Rs.40 billion is t

Tea Brokers called on the Inland Revenue Department (IRD) to step up efforts and accelerate the registrations of tea factories by this week so that the Colombo Tea Auction can function without any....

Prime Minister of Fiji, Sitiveni Rabuka accepting the Dividend Cheque from the Directors representing the Shareholders, Dr. Parakrama Dissanayake, Dy. Chairman/ Managing Director....

The changes brought to the Value Added Tax (VAT) did not even spare the FACETS gem and jewellery exhibition that kicked off over the weekend, as buyers who rely mainly on foreign gemstones....

Workers’ remittances reached US$ 6 billion in 2023, indicating an improvement and a steady inflow of foreign exchange from migrant workers via official banking channels, provisional ....

The Securities and Exchange Commission (SEC) yesterday announced the approval of a regulatory framework to facilitate the issuance and listing of Infrastructure Bonds on the Colombo Stock Exchange....

The Hambantota International Port (HIP) has become the fastest growing RO-RO transshipment port in the region with the handling of 700,000 transshipment vehicles, and marking a significant 26....

For the first time since the Covid-19 pandemic, earnings from tourism reached US$ 2 billion, provisional data from the Central Bank showed. The tourism industry....

The latest debenture issue by DFCC bank to raise Rs. 8 billion was oversubscribed on its opening day, January 5. An initial issue of 50 million BASEL....

Renowned Sri Lankan tech entrepreneur Chandita Samaranayake has launched Connect to Care, a pioneering charitable consulting firm aimed at delivering mutual benefit for corporates, non-profits....

Sri Lanka’s leading private sector bank HNB PLC partnered 3W Global Education (Pvt.) Ltd (3WGE), a trailblazer in providing educational services, to empower students with affordable financial....

In its pursuit of addressing the crucial need for technological education and business acumen within Sri Lanka’s small and medium enterprise landscape, the Sri Lanka Association of Software and Services....

Robocash’s recent observations underscore the pivotal role of the synergy between financial literacy and fintech in addressing economic challenges for individuals in Sri Lanka. This transformative....

Violence against women and girls is one of the most widespread, persistent and devastating human rights violations in our world today and remains largely unreported due to the impunity....

The recent AIA APAC Bancassurance Summit in Hong Kong made waves as industry leaders from across the region gathered together to explore the future of financial collaboration. Notable....

The TAGS Awards Committee of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) proudly announced HNB Finance PLC as the Bronze award winner in the Non-Bank Financial Institutions....

Commercial Bank of Ceylon has announced its support for the Galle Literary Festival (GLF) – rated “the world’s No 1 literary festival” by Harper’s Bazaar – as the festival’s Official Banking....

Sanasa Life Insurance, a leading insurance service provider in the country, claimed the Gold award in the category of insurance sector (gross premium income up to one billion rupees) at the 58th....

Senfin Securities Limited has announced the appointment of Dasun Perera as Chief Executive Officer, with effect from January 1, 2024. Senfin Securities....