The Central Bank yesterday said the Monetary Board has decided to take disciplinary action against any official of the bank for wrongdoing with regards to the Employees’ Provident Fund (EPF) transactions in government securities.

HNB Grameen Finance, the microfinance arm of Sri Lanka’s second biggest private lender, Hatton National Bank PLC (HNB), has entered into an equity partnership with Developing World Markets (DWM), a leading emerging markets investment firm. 

Sri Lanka’s banks may be operating with fancy projected numbers to grow their loan books during 2017 but the country’s Central Bank seems to be standing firm on their way to crush those expectations as cheaper credit always tends to desta

REUTERS: Sri Lankan shares fell to a more than one-year closing low yesterday in dull trade as investors sold shares of lenders after the Central Bank tightened monetary policy in the previous session, dealers said.

REUTERS: The Sri Lankan rupee closed largely unchanged yesterday as importer dollar demand almost offset the inward remittances after the country’s Central Bank raised benchmark interest rates by 25 basis points.

Cashew processing company ‘Royal Cashews’, has teamed up with New Zealand Honey Company to introduce world famous ‘Manuka Honey’ and other specialty honey products to Sri Lankan consumers. 

Commercial forestry is rapidly gaining ground in Sri Lanka and the company that is the undisputed leader in this eco-friendly, futuristic investment, Sadaharitha Plantations, has just launched a novel promotional vehicle that doubles up as a mobile o

A high-level delegation from the European Investment Bank (EIB), the world’s largest international public bank, is in town on an official three-day visit to explore new opportunities for future investments, an EIB press communiqué said.

Sri Lanka’s fragile economy now appears to be at the mercy of receiving a billion dollars from China in exchange of 80 percent stake in Hambantota port under a 99-year lease agreement, as the country’s fiscal and external sector headroom

Sri Lanka’s financial discipline has been recognized internationally by selecting the country’s Finance Minister Ravi Karunanayake as the ‘Best Finance Minister of the Asia Pacific Region’ by the London-based financial magazin

Colombo Dockyard PLC (DOCK), Sri Lanka’s only player in ship building and heavy engineering industry,

Diversified conglomerate Hemas Holdings PLC appears to be having a closer look at its subsidiaries and associate companies under different business segments to place them where they fit the best to better structure and manage them.

AFP: OPEC and non-OPEC producers began meetings in Kuwait yesterday to assess the impact of a milestone production cuts deal and to decide on whether to recommend they be extended.

The founder Chairman of Laugfs Holdings, W.K.H. Wegapitiya, was honoured with the Deshabandu title at the recently concluded National Honours 2017 Ceremony. 

To celebrate the Sinhala and Tamil New Year, Hameedia, Sri Lanka’s leading menswear specialist recently launched the very first ‘AndumMesaya’ 

Flip flops are a must have in an island culture. It has stood the test of time and is the popular comfort wear choice for all ages. Waves is a name synonymous to quality, fashionable and colorful flip flops in Sri Lanka, and the brand is a pioneer in

Twenty long standing farmers were honoured by CIC Seeds (Pvt.) Ltd. during a felicitation ceremony held at Shalika Hall, Dehiattakandiya recently. 

Sri Lanka’s producer of polyester and nylon yarn, Pan Asia Coloured Yarns (PACY) was awarded the highest grade of OekoTex Standard 100 certification following a series of stringent tests carried out at the Hohenstein Textile Testing Institute,

An awareness seminar was arranged to establish  new exporters  from the Jaffna  district by the Sri Lanka Export Development Board at the  District  Secretariat  Auditorium Jaffna recently. 

The Ceylon Chamber of Commerce, Sri Lanka’s premier Business Chamber will complete 178 years of service to the nation on the 25th March, marking yet another achievement for an organization, which has played one of the most decisive roles in tra

Huawei, the number one growing smartphone brand in Sri Lanka together with the country’s number one retailer Singer Sri Lanka is introducing a special credit card offer for the festive New Year celebrations this year.

The National Chamber of Commerce takes pride and applauds the government’s move in conducting the ‘National Honour Awards 2017’, for the most  distinguished personalities of the country who have made great achievements in publi

A half day workshop  on ‘Online submissions of tax returns’ on VAT,SVAT,NBT & PAYE will be held on  March 31st from 8.30 a.m to 12.00 noon at the Chamber Auditorium, Colombo  10, organized by the National Chamber of Com

Sri Lanka’s monetary authority yesterday decided to raise its key policy rates by 25 basis points making it further pricey for the banks to borrow, in a proactive measure to contain further rise in prices of the goods and services of the econom

AFP : Asian markets tentatively rose yesterday as they look to a delayed vote on US healthcare reform whose passage is seen as crucial to the future of Donald Trump’s growth-drive agenda.

AFP: President Donald Trump’s pick to serve as the chief US financial markets regulator defended himself Thursday against charges his career as a Wall Street lawyer could hinder his ability to oversee the industry effectively.

The Australian Department of Foreign Affairs and Trade (DFAT), the Ministry of Development Strategies and International Trade (MODSIT) and the World Bank have launched a joint programme of technical assistance and advisory services to the Government

REUTERS: The Sri Lankan rupee traded weaker yesterday on importer dollar demand despite the Central Bank’s decision to raise key rates by 25 basis points in a move to ease the pressure on the currency.

AFP : Workers at the world’s largest copper mine, BHP Billiton’s Escondida in Chile, ended a lengthy strike Thursday that had caused turbulence on global copper markets.

AFP : Germany yesterday called on the European Commission to back its steelmakers by insisting on global trade rules in a dispute with US competitors.