The Monetary Board has decided to cancel the licence issued to Bimputh Finance PLC (BFP), under the Finance Business Act (FBA) to carry on finance business, with effect from September 1, 2023. Accordingly, BFP is not allowed to engage in finance bus

The Planters’ Association of Ceylon (PA) commended the government and trade union representatives for voicing preliminary support for long-overdue reforms to the archaic colonial-era daily attendance-based model in favour of a productivity-boosting

Educate Sri Lanka Expo 2023, which aimed at showcasing education opportunities for the children in the country and overseas, kicked off at the BMICH yesterday. The event brought students across all ages onto a single platform, providing firsthand in

Sail Lanka Charter has reached a historic milestone by introducing female crew members to serve on their fleet of catamarans, a first in Sri Lanka’s marine tourism landscape. The move signifies a major step towards promoting gender equality, empow

BMICH Director General Sunil Dissanayake retired from the services of the organisation on July 31, reaching retirement age. He was appointed as Director General in May 2015 and helped the BMICH reach great heights in management and operations. The or

Global Times: An executive at China Merchants Port Holdings (CMPort) told the Global Times on Wednesday that the company is optimistic about the new port complex project at Sri Lanka’s Colombo Port. Construction of the logistics hub, which will hav

The terms of trade deteriorated by 0.4 percent in July 2023, compared to July 2022, as the decline in the prices of exports surpassed the decline in the prices of imports. Meanwhile, the workers’ remittances increased notably to US $ 541 million i

Debt and lack of education and ability to adapt to disasters are factors that make most people feel vulnerable, says a new report released by the United Nations Development Programme (UNDP) and University of Oxford’s Poverty and Human Development I

As Sri Lanka strives to get its ducks in a row to meet the targets set by the International Monetary Fund (IMF) for the upcoming review in September, sovereign debt restructuring veteran Lee. C. Buchheit said the authorities could consider debt for n

Construction work to begin before end of this year

Sri Lanka has launched a ‘Capital Market Club’ programme at the school level to enhance financial literacy among the country’s students. Preside

Sinopec Lanka, a subsidiary of China Petroleum & Chemical Corporation (Sinopec), has officially commenced business operati

AFP: India’s Adani Group hit back yesterday at a new report investigating alleged manipulation of the conglomerate’s share prices, accusing its authors of conspiring to drive down its stocks for profit. The globe-spanning ports-to-power conglomer

AFP: China’s Baidu has rolled out its ChatGPT rival ERNIE Bot to the public, in a major leap for the country’s tech sector as it aims to cash in on the artificial intelligence gold rush. The Chinese g

Inflation in Colombo has continued its decline through August compared to the previous year, providing much-needed relief to both individuals and businesses. However, the persistent high cost of living is still straining household budgets, as incomes

While Sri Lanka’s construction sector experienced a contraction in activities during July, the industry maintains a positive outlo

Häfele, a renowned global leader in interior solutions with a legacy spanning over a century, inaugurated its state-of-the-art Design Centre in Kandy, marking a significant milestone in its commitment to delivering unparalleled interior innovations

Vonlan Constructions Private Limited, a leading company in the construction industry in Sri Lanka, was honoured with the Excellence Award in the 150-450 million project category at the National Construction Excellence Awards. The award ceremony was

Samson Rajarata Tiles, Sri Lanka’s number 1 natural roofing and flooring tiles, celebrates a remarkable journey of two decades in operation inclusive of innovation, quality, and sustainability. Samson Rajarata Tiles is a fully owned subsidiary of

Catering to the increasing demand for urban living, HNB PLC, renewed its long standing partnership with property developer and real estate leader Homelands Skyline, to offer prospective homeowners a range of advantages and preferential rates. Custom

On 28 August this year, the Edith Cowan University Sri Lanka (with its local partner ACBT), opened its doors to the public unveiling seven floors of modern, elegant and functional interiors, carefully planned and designed to bring out the best in tho

Rohana Construction, a leading company in the construction industry in Sri Lanka, was honoured with the Excellence Award in the Rs. 20-40 million project category at the National Construction Excellence Awards. The award ceremony was held at the Con

Remittances from migrant workers overseas are a vital lifeline for Sri Lanka’s economy. As one of the trusted banks for Sri Lankans overseas, Pan Asia Bank’s remittance service also offers Sri Lankan workers abroad a legitimate, safe and hassle-f

In a significant move towards enhancing network security, improving connectivity, and ensuring business continuity, AcSys Networks has implemented a comprehensive suite of solutions for LCB Finance PLC. This project aims to bolster the capabilities

LOLC Life and General Insurance, two of Sri Lanka’s leading insurance solutions providers, are excited to announce the launch of their ground-breaking digital solution, ‘LOLC Insurance OneClick’, empowering all Sri Lankans and their loved ones.

The Bank of Ceylon once again was recognized as one of the “Top 10 Most Admired Companies in Sri Lanka for 2022” at the event organized by CIMA (Chartered Institute of Management Accountants), AICPA (American Institute of Certified Public Account

DFCC Bank took a significant step towards empowering migrant workers recently by launching its new Financial Literacy guide titled, “Is this Every Sri Lankan Migrant Worker’s Story?” (Rata Yana Api Hamogema Kathawada Meh?). The launch, spearhe

CNN: The next iPhone could be just weeks away. Apple announced its fall special event on Tuesday, sending out press invites for the morning of September 12. Invitees will get to attend in-person at the Steve Jobs Theatre inside Apple Park, the compan

By the end of July, the licensed commercial banks were charging in the north of 20 percent for their loans, specially to the small businesses, notwithstanding the policy rate cuts amounting to 450 basis points by the Monetary Board of the Central Ban

People were seen going to state banks yesterday to obtain their ‘Aswasuma’ welfare benefits. Despite August 30 being a Poya holiday, all state banks remained open to facilitate these payments. Finance State Minister Ranjith Siyambalapitiya said