Assetline Finance Limited (AFL) announced the appointment of Nanda Fernando as Independent, Non-Executive Director of the company. Fernando currently serves as a business consultant. A banker with over four decades of experience in banking, he is a

Ravi Tissera has been appointed to the board of HNB Finance PLC as an Independent Non-Executive Director, effective from April 4, 2024. Tissera is an inclusive finance, impact investing, green finance and MSME sector specialist, with over 15 years’

The reforms to the governance of Sri Lanka’s state-owned banks will soon kick off, with the Cabinet approving the implementation process, this week. On Monday, the Cabinet of Ministers affirmed the resolution furnished by President Ranil Wickremesi

The Committee on Ways and Means has instructed the Inland Revenue Department (IRD) to collect the data of individuals earning above Rs.100,000 per month, on a digital platform, instead of all persons above 18 years of age. The committee, which met un

BBC: Banking giant HSBC is selling off its business in Argentina at a US $ 1 billion (£790 million) loss after years of battling with the country’s unstable exchange rate. HSBC Argentina, which has more than 100 branches and 3,100 employees, will

Sri Lanka’s labour force participation rate hit a new low in 2023, the recently published Labour Force Survey (LFS) annual bulletin highlighted.

The world’s first Cinnamon Museum was unveiled this week in Mirissa Hills, a cinnamon estate near Weligama. The opening event was graced by Tourism Minister Harin Fernando....

Sri Lanka Insurance concludes year 2023 with a profit before tax of Rs. 10.6 billion, reflecting an improvement in combined Gross Written Premium (GWP) of Rs. 44.2 billion, a growth of 7.2.....

Sri Lanka’s middle class consumers are willing to shift from established brands to cheaper, lesser-known alternatives, or even try unbranded loose products at a time of shrinking....

Amana Bank has announced the appointment of Delvin Pereira to its director board as a Non-Executive Independent Director with effect from 28 March 2024. With experience....

Four companies this week received government approval to be recognised as Secondary Businesses of Strategic Importance. Cabinet nod was given....

The Ceylon Chamber of Commerce hosted the International Symposium on the Role of Science in Food Reformulations recently. The symposium brought together....

The halted condominium project, the Campbell Avenue project, is to be resurrected by Westbury Suites, spearheaded by Project Director Muhez Muzammil. The project....

Huawei Sri Lanka announced that a team from the University of Moratuwa has successfully advanced to the Huawei ICT Competition 2023–2024 Global Finals and Regional Award Ceremony....

HNB General Insurance announced the appointment of Dayalanie Abeygunawardena to its director board. Abeygunawardena brings with her....

Dr. Anil Munasinghe, former Deputy Chief Executive Officer of Kelani Cables PLC, has been appointed as Chief Executive Officer of the company, with effect from April 1, 2024. He started....

Embarking on a bold journey toward sustainable energy solutions, People’s Leasing & Finance PLC (PLC) and Hayleys Solar, the renewable energy arm of Hayleys Fentons Limited, have officially....

Designed to empower customers with high-return short-term savings plans, DFCC Savings Goal promises a personalised savings experience coupled with flexibility and attractive....

Fitch Ratings affirmed Sri Lanka-based Construction Guarantee Fund’s (CGF) National Insurer Financial Strength (IFS) Rating of ‘BB(lka)’. The Outlook is Stable. The rating....

Inequality results in adverse economic, social and political consequences. Unlike the advanced economies, improvements in education, fertility and incomes have not been able to enhance....

Genie Business, the ultimate all-in-one fintech platform for Sri Lankan businesses, was launched by Dialog Finance PLC to revolutionize the landscape for Micro, Small, and Medium Enterprises...

Cartoon 10.04.2024

The Small Medium Modern Trade (SMMT) outlets are rapidly capturing the attention of Sri Lanka’s middle class, with the traditional retailers swiftly adapting to this shifting retail landscape.

Cargills Bank released its annual report for 2023, reporting a robust growth in profit before tax (PBT), driven by a 30 percent increase in total assets during the year. The bank posted a PBT of Rs.730 million for the year vs. Rs.206 million in

The Central Bank said they expect the government securities yields to ease further from their current levels in line with the recent policy rate cut despite some uptick seen recently. Commenting on the bill and bond yields, which saw some bottoming

In an effort to bolster growth and combat climate change, the International Finance Corporation (IFC) and Citizens Development Business Finance PLC (CDB) announced a new partnership to enhance the latter’s green portfolio, fostering sustainabl

While Sri Lanka is witnessing improvements in its economic landscape, the World Bank asserted that the persistent vulnerabilities in the banking sector require close monitoring. Even as the credit conditions improved, the non-performing loans

This feature is based on a thought-provoking panel discussion hosted by Capital Alliance Limited which delved into the current trends in consumer spending and the post-crisis outlook for the consumer sector in Sri Lanka. The panelists comprised este

Eco Technologies unveiled recently a revolutionary solution using electronic methods to combat caking and scaling in factories for hot boiler and chillers, eliminating the need for chemicals and providing a long-term fix. Dr. Lalindra Malindra Munna

Brown & Company’s Digital Transformation Solutions Strategic Business Unit recently signed a Memorandum of Understanding (MoU) with the University of Sri Jayawardenepura. The agreement was initiated to enable industrial digitalisation through In