The government is forging ahead to establish a holding company under the Treasury to expedite the restructuring of State-owned enterprises (SOE). President Ranil Wickremesinghe....

Prabhash Subasinghe has resigned from the director board of SDB bank PLC with effect from December 31, 2022. A filing to the Colombo Stock Exchange....

Electric car maker Tesla says it delivered record 1.3 million vehicles last year, 40 percent more than in 2021. It comes after the company delivered more than 405,000...

The growth spurt witnessed in corporate earnings for nearly two years during the pandemic slowed in the quarter ended on September 30, 2022 as the economic crisis and tight policies that followed took massive....

The Cabinet nod has been granted to setup a Rapid Service Unit as a one-stop unit at the Urban Development Authority (UDA) to expedite development projects in urban areas. Minister of Urban....

The Cabinet green-light has been granted for the Fisheries Ministry to sign the protocol on inspection, quarantine and veterinary hygiene requirements for marine fisheries aquatic....

The ASPI edged up as a result of price gains in counters such as Commercial Bank, Lanka IOC and Melstacorp with the turnover crossing Rs. 2.8 billion. Meanwhile, the S&P SL20....

EFL 3PL, the leading 3PL company in Sri Lanka, bagged Gold for the second consecutive year in the B2B Brand of the Year category, at the recently held SLIM Brand Excellence Awards 2022. This recognition....

While the topic of shipping liberalisation has generally been the subject of frequent and heated debate in 2022, the key stakeholders across Sri Lanka’s logistics and export sectors have become increasingly....

CMA CGM Lanka (Pvt.) Ltd was ranked among the Top 100 Most Respected Entities in 2022 by the Lanka Monthly Digest (LMD) magazine, receiving top honours in the logistics sector. The Most Respected....

A third of the global economy will be in recession this year, the head of the International Monetary Fund (IMF) has warned.

N-able, one of Sri Lanka’s most resilient and innovative technology solutions companies, wraps up a very successful year by adding value to its people, customers and business stakeholders, amidst the challenging socioeconomic circumstances encounte

Bank of Ceylon (BOC) wishes all its customers, stakeholders and Sri Lankans a Very Happy New Year as it commences work for 2023 new year.

Sri Lanka Insurance Corporation’s (SLIC) inauguration of business operations for the year 2023 took place yesterday at the Sri Lanka Insurance head office.

Dubai has scrapped its 30 percent alcohol tax in an apparent bid to boost tourism.

Vajira Jayasooriya, the founder and partner of Austral Accountants, won the Accountant of the Year – National Award, at the recent National Congress of the Institute of Public Accountants (IPA), held in the Gold Coast, Australia.

A ceremony was held yesterday to usher in the new year at the head office of People’s Bank, during which the bank staff assumed duties by pledging the government service oath.

Clive Fonseka has been appointed as acting CEO/General Manager of People’s Bank, with effect from January 1, 2023.

National Savings Bank (NSB) ceremoniously commenced the first working day of the new year 2023 at the head office premises of the bank in Kollupitiya, yesterday.

In what appears to be a surprise development, the non-bank finance companies made an about turn in their asset quality while slightly improving their earnings, on the back of higher interest margins in the quarter ended on September 30.

As Sri Lanka walks into the New Year with baggage from 2022, President Ranil Wickremesinghe said the year 2023 will indeed....

The outstanding credit card balance rose in November after months of languishing when banks tightened credit standards, while consumers.....

The Ceylon Institute of Builders (CIOB) recently arranged a roundtable discussion at Galadari Hotel Colombo with all its stakeholders....

The current Chief Operating Officer of Pan Asia Bank, Naleen Edirisinghe, has assumed duties as Chief Executive Officer (CEO) – designate....

Heavy falls in stock and bond markets over the last year have cut the combined value of the world’s sovereign wealth and public pension.....

Continuing to spearhead technology firsts in the country and the region, Dialog Axiata PLC, launched ‘Futureverse’ – Sri Lanka’s first fully....

Lankem Developments PLC (LDL) plans to list the shares of its subsidiary Agarapatana Plantations Ltd (APL) on the Colombo Stock Exchange,,,,,

Thousands of travellers were stranded at Philippine airports yesterday after a “loss of communication” at the country’s busiest hub in Manila....

Iconic Galaxy recently started handing over their luxury apartments to customers following the project completion in October 2022, with JLL....

DSI Tyres recently won a Silver award in rubber tyre and accessories sector, extra-large category, at the Annual NCE Export Awards....