Cabinet of ministers this week approved the draft Appropriation Bill for 2024, and President Ranil Wickremesinghe, who is also the Finance, Economic Stabilisation and National Policies Minister will deliver the budget on November 13.

Daraz Group, South Asia’s leading e-commerce platform in Pakistan, Bangladesh, Sri Lanka and Nepal, yesterday announced that Rakhil Fernando, Chief Corporate Affairs Officer (CCAO) and previously Managing Director of Daraz Sri Lanka, was chosen as

In a historic milestone, Sri Lanka witnessed the grand unveiling of its very first centrally-monitored, fully-automated, women-operated Lanka IOC (LIOC) filling station, recently.

Singer Sri Lanka PLC has announced the revamping of its Colombo Service Centre, reaffirming the brand’s dedication to providing exceptional services to its valued customers. The new facility located in Borella aims to redefine the customer service

Exterminators PLC, Asia’s first Great Place to Work-certified pest management company, announced that it has been certified as a Great Place to Work for the second year in a row. This achievement reaffirms its commitment to creating an environment

Pee Bee Management Services (Private) Limited, the undisputed market leader in soft disposable tissue paper products proudly made in Sri Lanka and marketed under the popular household brand Flora Tissues, held an event recently to celebrate the 40th

The renowned award-winning restaurant chain The Manhattan Fish Market, with its franchisee in Sri Lanka Everbright Holdings Ltd, is celebrating its remarkable journey of serving excellence in the F&B industry to Sri Lankan diners for a decade. The c

Hambantota International Port Group (HIPG) has benchmarked a 500,000-tonne volume in its bunkering business during the first eight months of 2023. The throughput, which is five times in volume compared to 2022, is attributed to the port’s strategi

The tourism industry in Sri Lanka has always been a key driver of economic growth, contributing significantly to employment and foreign exchange earnings. The importance of tourism into Sri Lanka has felt so much more than ever before. As the world b

SLCB has conducted a series of MICE tourism training sessions for regional hoteliers, including the Kandy and South regions and the latest was conducted in the Cultural Triangle area. The aim of these training sessions was to re-establish and enhanc

Hamoos Travels recently held its Service Excellence Awards 2023 at Cinnamon Grand. The event aimed to honour long-serving staff and recognise outstanding performers. Marino Leisure Holdings Chairman S. Rengnathan, Cinnamon Hotels and Resorts VP Kama

Acorn Group, a distinguished conglomerate known for its diverse portfolio of businesses, hosted an elegant Awards Night recently at the Courtyard by Marriott Colombo. The event was a resplendent affair, gathering industry leaders, stakeholders and o

SriLankan Airlines wrapped up a successful, pioneer two-day workshop on airline operations for local journalists from September 13-14, 2023, in Katunayake, laying the groundwork for a new breed of aviation journalism.

S&P Global Ratings yesterday raised its long and short-term local currency sovereign credit ratings on Sri Lanka to ‘CCC+/C’ from ‘SD/SD’ (selective default) following the recently completed Domestic Debt Optimisation (DDO) programme. The out

Sri Lanka yesterday welcomed its one-millionth tourist for this year, who happened to be a Russian national travelling with his family for a month-long journey across the country. Alex Mazkov arrived at Bandaranaike International Airport in Katunayak

The Securities and Exchange Commission of Sri Lanka (SEC) yesterday announced four new senior appointments with diverse backgrounds to leadership positions to fulfill its regulatory and developmental mandates. Manuri Weerasinghe has been appointed a

Premier blue chip John Keells Holdings yesterday dislodged Expolanka Holdings PLC, which has been enjoying the top seat for some time, to gain the top spot at the Colombo Stock Exchange (CSE) in terms of market capitalisation. At the end of yesterday

Sri Lanka expects to finalise the proposed multi-billion-dollar oil refinery project in Hambantota with China’s Sinopec Corp. in October during President Ranil Wickremesinghe’s visit to China, which is set to become the largest foreign direct inv

A special meeting between President Ranil Wickremesinghe and representatives from the International Monetary Fund (IMF) is set to take place today (26) to discuss the initial review of the Extended Fund Facility.

The tourist arrivals to Sri Lanka for the first 20 days of September crossed the 75,000 mark, fulfilling 62 percent of the target set for the month.

AgStar PLC, an entity that operates in the fertilizer manufacturing sector, inked an agreement with NetaFim, an Israeli-based global leader in irrigation solutions for sustainable agriculture, yesterday to help local farmers uplift farming practices.

Bio Foods (Pvt.) Ltd. recently celebrated its 30th anniversary as a leader of organic and fair-trade agriculture on a global scale. Established in 1993 by founder and Chairman, Dr. A. Sarath Ranaweera, Bio Foods has emerged as an exemplary model for

The Commercial Bank of Ceylon PLC has once again announced a new leasing promotion with Browns Agriculture, to empower the country’s farming community to acquire cutting-edge technology and equipment in order to enhance productivity. The promotion

NDB is back again with the most awaited travel offers for the seasons. Having commenced the Dufry – BIA offers, NDB Bank credit cards expand the wings to Dufry - BIA to offer savings for the banks credit cardholders. Now the credit cardholders will

LOLC Finance offers transformative lending solutions 4LOLC Finance PLC has announced the launch of its wide-ranging lending campaign aimed at bridging the gap between aspiration and achievement. In light of the economic challenges faced by the natio

Sanasa Life Insurance recently opened its latest branch in Jaffna, broadening its network of branches. The opening ceremony which was held in accordance with traditional Sri Lankan values and customs was graced by Director P. Gajeendra, Director S. S

DFCC Bank has once again proved its mettle on the international stage by clinching the Gold Award for Best Social Media Content on YouTube at the prestigious ACEF Asia Leaders Awards 2023. Accordingly, this marks the 3rd consecutive year that DFCC B

At the recently concluded Extraordinary General Meeting of Amana Bank, the shareholders in attendance unanimously passed the resolutions with regard to the bank’s forthcoming rights issue. Accordingly, it was resolved to issue 2,902,267,365 ordina

Outbound travel from China is surging ahead of the first ‘Golden Week’ holiday period since the country has allowed international travel to resume and even as China’s economic growth has slowed. Bookings for popular foreign destinations such as

The United Nations World Food Programme (WFP) facilitated the handover, at a special event held at the Thriposha factory. This consignment forms part of a wider contribution of US $ 20 million from the United States towards the WFP’s emergency oper