Sri Lanka’s remittance incomes have been growing every month for over a year consecutively from their year earlier levels before showing some cracks starting from June and continuing through July, a trend which is suspected due to the re-emergence

Singapore-based leading alternative lending service provider, Robocash Group plans to commence an online lending operation in Sri Lanka within this quarter (3Q).

As the cement industry is left to grapple with price control issues that are hampering the supply of the commodity in the country, Sri Lanka’s largest cement manufacturer, INSEE, announced that it is gearing to cater to the growing demand with the

The Supreme Court in a judgment relating to an industrial dispute case held that it is a matter for the employer, not the employee, to decide whether the work for the day of an employee was completed or not.

The Ministry of Finance has confirmed that Commercial Bank of Ceylon was the biggest lender to Sri Lanka’s SME sector in 2020 among all State-owned, private and specialised banks in the country, accounting for more than a fifth of all loans in term

Sri Lanka’s producers contend over 10 percent increase in prices across their supply chains as producer inflation accelerated during June from a month ago when the country was under virus-related restrictions for three weeks while fuel prices were

Samsung Electronics topped the global TV market for the 15th consecutive year, according to market research firm Omdia.

Sampath Bank PLC announced the introduction of touchless cash withdrawals at automated teller machines (ATMs) for the first time in Sri Lanka, and possibly the first time in the region.

Trade Promoters Limited (TPL), the authorised distributor in Sri Lanka and the Maldives for global entity Cummins Inc. (diesel generators and engines for marine, construction and industrial applications), was awarded a prestigious award at the virtua

DSI, Sri Lanka’s largest footwear retailer with a wide variety of local and international footwear brands, announced a partnership with Dreamron, the local cosmetic giant with a large portfolio of hair and skin care products under three different b

With the continued commitment to inspire goodness for many generations, Maliban Biscuit Manufactories was recently honoured as the Most Loved biscuit brand for the fifth consecutive year.

The Cabinet nod has been received to extend the Pure Ceylon Tea Brand Promotion Scheme to the 2021/2022 period, encouraging the exporters to promote their individual brands in their respective markets under the Global Promotion Programme currently be

The Central Bank yesterday stressed that it has not officially asked the banks to devalue the Sri Lankan rupee, although the banks have started selling the US dollars at much higher prices than the official exchange rate stipulated by the Central Ban

The restrictions on liquor sales and the subsequent partial lockdowns, which lasted for a month, had a bearing on Distilleries Company of Ceylon PLC in the quarter ended in June 2021, as the company lost its sales momentum it built through the end of

The COVID-19 Special Provisions Bill, which provides redress to those who borrow funds from banks and investors, was unanimously approved by Parliament with few amendments, this week.

The Cabinet approval has been granted to a proposal to establish rice mills as private-cooperative partnerships across the country and to allow additional rice imports as a solution to exorbitant prices of rice prevailing in the market, despite maint

Sri Lankans will be able to visit Switzerland without any restrictions from September, with the country opening its borders to fully vaccinated travellers.

The Ceylon Chamber of Commerce (CCC) this week urged the government to embrace a more consultative approach in charting the way forward and creating a conducive environment for local business to operate, by forming a national level committee.

The Cabinet of Ministers this week approved the ‘Inclusive Connectivity and Development Project’, which is to be implemented with US $ 500 million financial assistance from the World Bank (WB), with an aim to strengthen the agricultural supply ch

The topic of August 20th Mid Afternoon Chat webinar at 3.00 p.m. conducted by KPMG Sri Lanka Academy will be ‘Ramifications of new tax rules on dividends’.

Institute of Certified Management Accountants of Sri Lanka (CMA Sri Lanka) in association with National Development Bank Investment Bank (NDBIB) will host a Continuing Professional Development (CPD) webinar on ‘Strategic Mergers and Acquisitions fo

Sri Lanka will become the first country to benefit from an IFC global initiative designed to boost access to affordable and quality health-care through digital technology across the region—amid increased demand for services in the wake of COVID-19.

The Colombo City Restaurant Collective (CCRC) yesterday called on the government to expedite efforts in vaccinating those below 30 years of age since it is essential for the frontlines to be jabbed when operating during the pandemic.

The Colombo Stock Exchange (CSE) has launched an investigation into the technical difficulties experienced by broker systems vendors in the first two days of implementing the delivery vs. payment (DVP) mechanism.

Softlogic Holdings PLC maintained its top line intact during the three months to June (1Q22) as its key business verticals such as retail, healthcare and financial services helped the group to overcome pandemic-induced challenges.

The consumer and healthcare sector tilt provided Hemas Holdings PLC the defence against virus related restrictions on swaths of the economy during the three months to June, eclipsing all its businesses to its pre-pandemic performance but the company

Although most central banks around the world are ending their virus era policy support measures and turning hawkish, Sri Lanka might not go along with them in lockstep as the pandemic continues to batter the country’s economic recovery, making a ca

Union Bank of Colombo PLC (UBC) could either divest its finance company subsidiary, UB Finance Company Limited (UBF) or infuse further capital to meet the minimum regulatory capital, which is coming due by the end of this year as attempts to find sui

Sri Lanka’s trade deficit with China continued to widen in the first half of the year, crossing the US $ 2 billion mark, representing half of the country’s deficit in the trade account in the period.

Billionaire businessman Dhammika Perera has entered the top 20 shareholder list of Sri Lanka’s top private sector bank, Commercial Bank of Ceylon PLC, for the first time becoming its 14th largest ordinary voting shareholder in the quarter ended on