In support of the Government of Sri Lanka’s move to achieve stability in the domestic economy and banking sector, Bank of Ceylon (BOC) has committed with an initial funding arrangement....

The lack of transparency in the implementation of budget proposals has increased sharply in 2022 and 2023, a systematic evaluation by Verité Research revealed.

Exciting prizes including a coveted iPhone 15 Pro can be won by credit card holders of the Commercial Bank of Ceylon with a monthly spend of more than Rs. 50,000 on their Cards under a year-end promotion announced by the bank. The promotion runs till

LOLC Al-Falaah announced its outstanding achievements in the realm of Islamic finance, clinching two distinguished Gold awards and two Silver awards at the Islamic Finance Forum for South Asia (IFFSA) Awards 2023. The pinnacle of the accolades is th

Amãna Bank has partnered with Daraz, Sri Lanka’s e-commerce marketplace, to offer the bank’s Children’s Savings Account holders an innovative gifting experience. Through this partnership, eligible children’s savings account holders will be

DFCC Bank marked International Customer Service Week 2023 with a series of events that resonated with this year’s theme, ‘Team Service’. A series of internal and external events and activities were organised to mark the occasion, including the

In 2023, NDB’s Islamic Banking Unit (IBU) celebrated a remarkable achievement, winning the coveted Gold Award for Deal of the Year 2022 for structuring a Diminishing Musharaka facility for a leading player in the poultry industry. This recognition

HNB Assurance announced its recent achievement of winning the CMO Award for the Best Digital Integrated Campaign. This accolade which is a testament to the remarkable success of the Supreme Health Unlimited Campaign, which marked a shift from convent

Further strengthening its support for Sri Lanka’s export community, People’s Bank recently came forward to be the Platinum Sponsor for the 25th Presidential Export Awards (PEA) organized by the Sri Lanka Export Development Board (EDB). The grand

Sanasa General Insurance Company and the Colombo Law Society (CLS) recently entered into a memorandum of understanding (MoU). Through this MoU, CLS members will be able to enjoy a wide range of insurance facilities offered by Sanasa General Insuranc

Sri Lanka is actively seeking investments to foster the production of green hydrogen and green ammonia at the Colombo Port, to align with the prevailing trends in the global shipping industry. “Vessel owners worldwide are increasingly investing in

Agriculture and Plantation Industries Minister Mahinda Amaraweera has directed the Seed and Planting Material Development Centre within the Agriculture Department to annually produce 20 million high-quality tea plants. This move stems from the tea i

Power and Energy Minister Kanchana Wijesekera yesterday said he tabled the proposed Electricity Sector Reforms Bill for the observations and approval of the Cabinet of Ministers. “The proposed reforms will unbundle the services of the CEB, improve

BBC: Rising interest rates have sent profits at HSBC soaring as the banking giant set out plans to hand billions more dollars to its shareholders. HSBC said profits more than doubled to US $ 7.7 billion (£6.35 billion) in the three months to Septemb

The World Bank has swiftly responded to Sri Lanka’s request for assistance in promoting climate-smart agriculture in the country’s dry zone by dispatching its top executives for a field visit.

Sri Lanka’s mobile operator community recently announced the commercial launch of new industry-wide network APIs, as part of the GSMA Open Gateway initiative. In doing so....

The government will introduce the proposed property or wealth tax after a thorough analysis, State Finance Minister Ranjith Siyambalapitiya said. Calling it a very progressive...

Minister of Industry and Health Ramesh Pathirana recently emphasised the need to expand industrial land allocation in the country due to limited availability of land for industrial purposes. The goal....

Pan Asia Banking Corporation PLC reported higher earnings for the period ended September 30, 2023 (3Q23) amid strong top line performance, though the bank still recorded a de-growth....

Huawei announced its business results for the first three quarters of 2023 yesterday. During this period, Huawei generated CNY 456.6 billion in revenue, with a year-on-year increase of 2.4 percent....

Expolanka Holdings PLC saw its financial performance for the quarter ended September 30, 2023 (2Q24) impacted by slowdown in global demand and sharp decline in freight rates after....

Nations Trust Bank PLC recently announced a step forward in addressing the growing needs of customers while aligning with the recent directive from the Central Bank of Sri Lanka (CBSL) with the introduction...

EO Sri Lanka, in September, inaugurated a new board and president at an event held at Mount Lavinia Hotel. Outgoing President Jitherndra Gajendran....

Organisation of Professional Associations of Sri Lanka (OPA) President Elect Sarath Gamage assumed duties as the 43rd President of the OPA on October 27, 2023. The OPA...

Echoing its leadership in bringing the latest technological advancements to Sri Lanka, SLT-Mobitel, the national ICT solutions provider, announces the introduction of Apple’s latest iPhone 15 lineup with....

The Central Bank of Sri Lanka (CBSL) co-hosted the CBSL-ADBI-APAEA Workshop for the fourth consecutive year, in collaboration with the Asian Development Bank Institute (ADBI) and Asia-Pacific...

CIC Holdings PLC continued its onward journey despite a challenging environment to post a revenue of Rs.34.78 billion and a profit after tax (PAT) of Rs.1.98 billion at the end of the first six months....

President Ranil Wickremesinghe stressed on the need for a well-defined road map and adequate funding to materialise the aspired digital transformation.

The local print solutions and technologies came under fresh spotlight this week, with the launch of SL Print Exhibition and Trade Fair 2023, at the BMICH.

The Colombo Tea Auction this week saw the volumes improve marginally, totalling five million kilogrammes, which was met with good general demand although at irregular rates.