The ASPI closed in red as a result of price losses in counters such as Sampath Bank, Commercial Bank and National Development Bank with the turnover crossing Rs. 923 mn. Meanwhile, the S&P SL20...

The Engineering division of SriLankan Airlines continued its streak of firsts with the recent completion of a heavy maintenance check on a Cebu Pacific Air Airbus A330 (Trent 700), marking a foray into providing...

The Tourism Alliance in collaboration with USAID Catalyze recently felicitated 20 Sustainability Champions at a ceremony in Colombo. The Love Sri Lanka Sustainability Programme....

The Travel Agents Association of India (TAAI) is set to host its 2023 convention in Colombo, from July 6 to 9, at the invitation of the Sri Lanka Tourism Promotion Bureau (SLTPB). The 67th Convention....

The Culinary Art Food Expo (CAFE), the most comprehensive food and beverage exhibition in Sri Lanka, had its 18th edition this year, showcasing only the best of global cuisine in Colombo, hosted at the BMICH....

LOLC General Insurance (LOLCGI), the fastest growing motor insurer of the country, has announced a strategic tie-up with Stafford Motor Company (Stafford Motors), the sole agent for Honda vehicles....

A delegation from the Nepal Automobiles’ Association (NASA), the largest motoring organisation in Nepal for mobility and motor sports, headed by NASA Executive Director and FIA World Council member....

Singer Sri Lanka PLC, the leading retailer of consumer durables in the country, has partnered with Leader Group of Companies to be the official distributor for Riyelta batteries in Sri Lanka. The recently....

Sri Lanka Insurance Corporation (SLIC) recently entered into a strategic partnership with Toyota Lanka (Pvt.) Ltd (TLPL) to provide greater convenience for Sri Lanka Insurance Motor Plus...

Sri Lankan tech start-up CreativeHub Global has introduced the country’s first ever virtual influencer named ‘Chubs’.

The United States Agency for International Development (USAID) and Sri Lanka Tourism Development Authority (SLTDA) recently launched a sustainable niche strategy to “re-energise” the tourism sector.

RUETERS: The World Bank is likely to approve US$ 700 million in budgetary and welfare support for Sri Lanka at its next board meeting on June 28, sources told Reuters, the biggest funding tranche for the crisis-hit island nation since an IMF deal in

Sri Lanka will be able to improve trading with the United Kingdom as the new Developing Countries Trading Scheme (DCTS) came into force yesterday.

John Keells Group was recently awarded for its long-term initiatives in diversity, equity and inclusion (DEI). John Keells Holdings PLC was the recipient of the award ‘Organisation promoting equity/equality and diversity of the year’ at the “To

Nations Trust Bank PLC (NTB) yesterday announced the appointment of Charitha Subasinghe to its board as a Non-Executive Director of the Bank with effect from June 19, 2023. NTB said the Director, Bank Supervision of the Central Bank has approved the

Shareholders have approved the resolutions to delist four subsidiaries of Singapore-based Goodhope Asia Holdings Ltd, the holding company of Carson Cumberbatch PLC, at the Extra Ordinary General Meetings (EGMs) held yesterday.

Hatton National Bank (HNB) has announced the appointment of Vish Govindasamy to its board as an Independent Non-Executive Director with effect from June 16, 2023.

“Once the economy and foreign reserves rebound to pre-crisis levels, we can then go ahead with lifting the ban on vehicle imports”- State Minister of Finance Shehan Semasinghe

As a final decision on domestic debt optimisation (DDO) is yet to be made, the government yesterday urged interested parties to refrain from making speculatory comments that undermine the stability of financial markets.

The common path followed by almost all IMF member countries in response to sovereign debt crises in recent decades, was to enter into an IMF supported stabilisation and structural adjustment programme. Sri Lanka has been a country that has

Amana Bank announced the expansion of its network across the island, now reaching a remarkable total of 55 physical locations.

Kantale in Sri Lanka’s Eastern Province has become the latest town to receive state-of-the-art banking facilities from the Commercial Bank of Ceylon.

Pan Asia Bank held a workshop recently for its SME customers on the topic of ‘Financial Management’ to enhance financial literacy through group-based assignments.

HNB PLC was once again was recognized as the undisputed leader in retail banking, when it was awarded the Best Retail Bank in Sri Lanka Award for the 13th consecutive occasion at the Asian Banker Global Excellence in Retail Financial Services Awards

Sri Lanka had met 29 of the 100 trackable commitments of the International Monetary Fund (IMF) programme and had failed on three....

Sri Lanka has unveiled a new passenger terminal at the Port of Kankesanthurai (KKS Port), Jaffna, at a cost of Rs.450 million....

With more roll-on-roll off (RoRo) ships calling at the Hambantota International Port (HIP), the port will be adding a further 5,000 slots....

Sri Lanka’s automotive component manufacturers are optimistic about growth following the Covid-19 pandemic and the economic crisis....

Ambeon Holdings PLC has entered into a share sale and purchase agreement with Ceyline Investments Ltd. to dispose the majority equity....