Commercial Bank of Ceylon has been named as the Best Bank in Sri Lanka for the 22nd year in the World’s Best Banks 2024 list released recently by the US-based Global Finance magazine. Global Finance said its Best Bank Awards recognise financial ins

espite the disappointing tea production in March this year, the Sri Lanka Tea Board (SLTB) is still hopeful of touching 260 million kilogrammes in production, with the roll out of the Rs.1.2 billion fertiliser subsidy scheme in the smallholder sector

Vancouver-based Applied Graphite Technology (AGT) Corporation is eyeing a US $ 500 million annual sales revenue by upgrading unprocessed graphite in Sri Lanka to battery-quality graphite, through a processing facility. The company recently purchased

Sri Lanka’s Regional Plantation Companies (RPCs) are waiting for the official communication on the lease extension and lifting of the oil palm ban, to move ahead with their investment plans. “It was reported that an expert committee has made a r

Sri Lanka’s apparel sector is witnessing a resurgence of interest, as brands reassess their purchasing strategies and are on the lookout for safe and secure homes to place their orders. The Joint Apparel Association Forum (JAAF) shared that the app

Sri Lanka’s tourism sector is grieving the loss of a stalwart this week, as industry veteran Prema Cooray passed away.

Cartoon of the Day 24-04-2024

Sri Lanka Telecom has noted that as its group financial performance fell in year 2023, they expect to refocus and consolidate....

Ceylon Grain Elevators (CGE) PLC, the largest operator in the poultry industry in Sri Lanka, shared that it is looking....

Visa, the global payment solutions company, honoured Commercial Bank of Ceylon for ‘Excellence in Launch of Affluent....

HNB PLC, Sri Lanka’s leading private sector bank, announced its partnership with CICRA Campus, a renowned higher...

The LG Abans Air Conditioning Academy was recently inaugurated in partnership with the Institute of Technology at the University....

MTI Consulting has launched its Next-Gen Directors Programme, with the appointment of Malithi Herath and Christine....

The Classique Centre by People’s Leasing & Finance (PLC) has earned distinction as Sri Lanka’s first EDGE-certified....

People’s Bank, the leader in digital banking innovation, possessing the largest customer base in Sri Lanka, announced...

Macktiles introduced its 33rd showroom located at No. 558/1, Pitakotte, Kotte, marking another milestone in the company’s....

The Central Bank of Sri Lanka (CBSL) has identified eight more entities promoting pyramid schemes in the country. In a notice....

When compared to other countries, Sri Lanka’s International Monetary Fund (IMF) programme is lenient in my opinion. Even if the...

The proposed Public Financial Management (PFM) Act remains crucial for the disbursement of the third tranche under the International Monetary Fund’s (IMF) US$ 3billion bailout package, stressed Former Central Bank (CB) Governor and economist, Dr. I

As cyber threats escalate globally, the imperative to design, deploy and utilise AI securely has never been more....

Hatch, the esteemed accelerator/incubator and Orion City, the foremost IT park, have unveiled an innovative digital platform....

Altered Experience (ALT X), Sri Lanka’s international award-winning business solutions company for the age of convergence...

A top economist yesterday raised concerns over the “loosening of fiscal squeeze” by authorities to stimulate economic growth. Since doing so could lead to potential risks of jeopardising Sri Lanka’s agreements with the International Monetary Fu

Tourist arrivals to the island nation continue to pickup from levels witnessed since the pandemic and the economic crisis. However, a slight drop in momentum is seen for the month of April.

More than one in five cars sold worldwide in 2024 will be electric vehicles (EV’s) according to the forecasts of the International Energy Agency (IEA).

Based on complaints received, the Central Bank of Sri Lanka (CBSL) has released eight other institutions and inputs identified as engaging in pyramid activities.

The consumer prices measured by the broader National Consumer Price Index (NCPI) continued to soften in March, as the non-food prices cooled sharply while the food prices remained unchanged from a year ago.

The secondary market continued to entice a dull sentiment from previous sessions, largely on the back of the prevailing uncertainty surrounding external debt restructuring, which kept investors on the sidelines. During the day, limited transactions

The ASPI closed in green as a result of price gains in counters such as Commercial Bank, LOLC Finance and LOLC Holdings with the turnover crossing Rs 1.3 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor

The government’s search for a suitor for national carrier SriLankan Airlines has narrowed down with a total of six bidders showing interest in the debt-ridden entity.