The Central Bank will soon launch a study to identify the undue cracks in the banking sector asset quality and thereby its spillover effects into banks’ regulatory capital coming from the pandemic, which became more pronounced with the economic cri

This year’s first cruise ship to dock at HIP was TUI’s Mein Schiff 5, which berthed at 8 a.m. yesterday and left for Pulau Penang Island, Malaysia at 8 p.m.

Authorities have failed to convince holiday travellers that Sri Lanka is a safe and stable destination to travel due to the absence of an effective digital communication strategy, The Hotels Association of Sri Lanka (THASL) blamed.

Singapore Airlines (SIA) will get a 25.1 percent stake in Air India and make an investment of Rs.2, 059 crore (US$ 250 million) in the Tata-owned airline as part of an agreement to merge their joint venture Vistara with the larger Indian carrier.

The yields at the Treasury bill auction continued to ease yesterday, extending the weeks-long decline in short-term yields on expectations of easing rates and easing inflation.

People’s Bank yesterday announced the results for its nine months period ended September 30, 2022, recording pre-tax profit of Rs.17.0 billion....

While voicing frustration over government’s continuous failure to resolve the critical issues faced by the tourism sector,The Hotels Association....

In a potential bellwether for the licensed finance and leasing company sector earnings, LB Finance PLC has reported lower profits...

The annual comparison made on the printed money stock and thereby the money in circulation over the last three years showed....

The Cabinet nod has been granted to extend the validity period of capital controls by further six months in order to limit the movement....

The ASPI closed in green as a result of price gains in counters such as Expolanka Holdings, Browns Investments and Melstacorp....

Sarvodaya Development Finance PLC (SDF) continued its growth streak for the first half of the financial year 2022-23, despite challenging...

Ceylinco General Insurance announced recently that the Accidental Health Insurance benefit offered to its Ceylinco VIP On The Spot ....

Nations Trust Bank has launched its next generation of digital banking services through the Nations Direct Mobile Banking App....

HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) reported a consolidated Gross...

HSBC Sri Lanka has appointed Kevin Green as the new Country Head of Wholesale Banking for Sri Lanka and Maldives with effect....

Understanding current market trends and realizing that the best investment returns could be derived with customized propositions...

Days after Central Bank Governor Dr. Nandalal Weerasinghe alleged that what the exporters convert into rupees doesn’t add up with what they claim their value addition is, the Central Bank disclosed the most recent data to show the disparity.

The monthly tourist arrivals to the country crossed the 50,000 mark for the first time since the political and economic crisis erupted, indicating that the country’s tourism industry is moving towards some form of revival.

At a time when fears are persisting about the negative impacts a potential domestic debt restructuring would have on the country’s banking sector, Central Bank Governor Dr. Nandalal Weerasinghe yesterday expressed confidence in maintaining the fina

The fact that the long-term bond yields have trended downwards in recent times steeper than the short-term yields reflects the confidence in the investing community over the future trajectory of the economy, according to the Central Bank Governor.

Publicis Groupe recently announced that it has appointed Sapna Seneviratne as CEO, Publicis Groupe Sri Lanka.

Cable maker ACL Cables PLC posted Rs. 5.1 billion post-tax profit for the first half ended September 30, 2022 (1H23), compared to a post-tax profit of Rs.1.4 billion reported for the corresponding period of the previous year.

At a time when enhancing profitability of public enterprises is an urgent need to boost the country’s economy, the revival and turnaround of Gal Oya Plantations (formerly known as Hingurana Sugar factory) by LOLC is an embodiment of how the nation

National Apprentice and Industrial Training Authority (NAITA) in collaboration with Huawei recently awarded certificates to first batch of 240 students, who participated in the advanced technology in telecommunication course, through a joint initiati

Shanil Fernando, Co-Founder and Managing Director of Sysco LABS Sri Lanka, recently spoke at the ‘Employing Tomorrow’s HR Today: The CEO’s Perspective’ panel discussion organized by the Association of HR Professionals Sri Lanka (AHRP).

IFS, the global cloud enterprise software company has reported its financial results for 3Q year-to-date (YTD) ending September 30, 2022.

Sri Lanka’s mismanaged economy has no choice but to get its structural reforms correct this time round or else would find itself plunging into deeper troubles that would be difficult to return from, a senior economist stressed.

The recent relaxation of restrictions imposed on several import items might result in some liquidity pressure on the foreign exchange front, a top banker warned.

Commercial Bank of Ceylon has introduced digital receipts for ATM transactions, another green banking initiative that is not only environment friendly but enhances convenience to customers, cuts down on transaction charges and reduces paper wastage.