The anticipated strong rebound of the economy and upcoming elections could put pressure on the interest in reversing the current declining trend in the interest rates, in the second half of the year, according to First Capital Research (FCR). However

As Sri Lanka’s tourism sector is often the victim of ad hoc policies rolled out by the authorities, industry veteran Hiran Cooray called on the government to create a working relationship between all tourism-related ministries. Reason being, many

The ASPI closed in green as a result of price gains in counters such as Ceylon Beverage Holdings, Hatton National Bank and LOLC Holdings with the turnover crossing Rs 1.2 Bn. Similar behavior was witnessed in the S&P SL20. High net worth and institut

At the weekly T-bill auction held yesterday, the Central Bank fully accepted the total offered amount of Rs.235.0 billion, with the three-month and six-month bills oversubscribed amidst higher reception whilst the one-year bill was undersubscribed.

The annual CFA Society Sri Lanka Capital Market Awards is scheduled to be held on June 18 at the Cinnamon Grand, Colombo. A signature event in the CFA Society Sri Lanka calendar since its inception in 2012, CFA Society Sri Lanka Capital Market Award

Air India has selected Hayleys as its General Sales Agent (GSA) for passenger sales in Sri Lanka. Leveraging the expertise, scale, and reliability of the Hayleys Group, the partnership will further enhance Air India’s presence in Sri Lanka to supp

The Great Place to Work For All Global Summit 2024 themed ‘Change Happens Here’, held in May in New Orleans, successfully convened over 1,600 attendees, including leaders from more than 500 companies, all dedicated to fostering Great Workplace cu

SLT-Mobitel together with the Department of Pensions announced the celebration of the 15th anniversary of Upahara, recognising state pensioners for their untiring dedication serving the nation, with special and attractive value-added device offers de

People’s Bank, announced a groundbreaking partnership with the Credit Information Bureau (CRIB) to introduce a hassle-free and efficient method for customers to register and request their individual Credit Reports (MyReport) and Credit Score (CRIB

Heritance Kandalama has been named as one of the Best Hotels in Sri Lanka by Condé Nast Traveller India. Designed by the visionary architect Deshamanya Geoffrey Bawa, this 5-star eco-retreat embodies timeless elegance, seamlessly blending the man-ma

In continuing to unlock Sri Lanka’s potential, the CA Sri Lanka Australia Chapter, in collaboration with the Sri Lanka Australia Chamber of Commerce and the Sri Lankan High Commission in Australia, will host the ‘Resilient & Rising: Leveraging Sr

Expanding its outreach across Sri Lanka, Vallibel Finance opened its latest branch in Mirigama recently. Offering a diverse product mix aimed at developing the financial needs of Mirigama. Vallibel Finance established this new branch with spacious a

SriLankan Cargo, the air cargo division of SriLankan Airlines, recently unveiled its reinvented service delivery framework and website, with a strong focus on customer experience. The new service model of SriLankan Cargo classifies service delivery u

OnCoor Inc., a US-based software as a service (SaaS) provider in advance data management and analytics, has announced the opening of its new subsidiary in Sri Lanka, marking an important milestone in the company’s global expansion strategy. With th

The Sri Lanka Chamber of Medical Devices Industry (SLCMDI) held its 9th Annual General Meeting (AGM) on May 30 at the Taj Samudra Hotel in Colombo. The event was attended by over 150 participants, including representatives from various government an

Assetline Finance Limited (AFL) recently launched Assetline Green Loan, a specialised financing facility aimed at empowering individuals as well as Micro, Small and Medium Enterprises to invest in solar energy solutions. This initiative is designed

E.B. Creasy Solar announced its Platinum Sponsorship of the Construction Power and Energy Expo 2024, Sri Lanka’s premier event dedicated to interior products, construction, power, and energy. As a long-standing advocate of sustainable development,

ASpecial Determination petition has been filed in the Supreme Court challenging the constitutionality of the Economic Transformation Bill, which was recently published in the Government Gazette. The petitioners, the office bearers of Trade Unions rep

Vallibel One Group recorded a net profit of Rs.17.44 billion for the financial year 2023-24, where the performance is underscored by a robust final quarter (January-March 2024), the company said in a commentary that followed the release of the financ

United Petroleum Australia, which has entered Sri Lanka’s petroleum retail market, will start their operations by the end of July or beginning of August this year, taking over 150 existing fuel stations and building over 50 new stations, Director o

A Special Determination petition has been filed in the Supreme Court challenging the constitutionality of the Economic Transformation Bill, which was recently published in the Government Gazette.

The global market demand for ship building and ship repairs looks promising in the near future. However, financial market problems in Sri Lanka will continue to pose a challenge to the growth targets of Colombo Dockyard PLC.

Sri Lanka failed to cross the 900,000 milestone in tourist arrivals in the five month period ended in May, as the country trailed the arrival target by 13 percent or 133,983 arrivals at the end of the month.

Sri Lanka had achieved a remarkable success in poverty reduction, before the country’s present economic crisis, which reversed it during the past few years. According to the official poverty line bas

Star Garments Group (Star) completed its latest expansion venture with the acquisition of the assets of Kolonna Manufacturing Limited. This acquisition ma

Amana Bank has once again bagged the title of Sri Lanka’s Best Islamic Finance Institution, awarded by Global Finance USA at its 17th World’s Best Bank Awards 2024, which is scheduled to take place during the IMF/World Bank Annual Me

Nearly 100 micro and small business owners in the Marawila and Wennappuwa areas recently benefitted from a sustainable entrepreneurship development programme conducted for them by Commercial Bank of Ceylon in collaboration with several other key inst

At the recently held Four A’s Advertising Awards 2024, Phoenix Ogilvy’s ‘The Masterpiece of Abuse’ campaign clinched two out of the three Grand Prix awards and six Gold awards. The campaign, crea

CIC Holdings PLC reported robust revenue growth amidst moderately stable macroeconomic conditions, reporting notable top-line growth during the year ended 31st March 2024. Group’s Crop Solutions, Agri Produce and Health and Personal Care sectors le

LOLC Finance PLC, the largest non-banking financial institution in the country, announced an innovative collaboration with mCash, Sri Lanka’s largest mobile money platform, enabling customers to make savings deposits throug