HNB FINANCE PLC announced the appointment of seasoned finance professional Pathirage Anura Perera to its board of directors as a Non-Independent, Non-Executive Director, effective January 29, 2024. Perera brings over two decades of invaluable experti

Home Lands Group of Companies, the undisputed leader in Sri Lanka’s real estate and property development sector, is all set to open Canterbury Golf Resort Apartments and Residencies, Sri Lanka’s largest and first of its kind golf resort apartment

Sri Lanka this week welcomed the inaugural flight of Cathay Pacific Airways, CX 611, which arrived on February 1, 2024, at Bandaranaike International Airport (BIA). The largest carrier of Hong Kong, with its head office and main hub located at Hong

The import cover of the official reserves of the country surpassed the benchmark level of three months for the first time in nearly two years, as the reserves improved while the imports weakened, as a result of the demand destruction policies institu

Sri Lanka’s book industry yesterday came on to one platform and asserted that the imposition of an 18 percent Value Added Tax (VAT) on books is no different from slapping a tax on reading. The industry collectively called for an immediate reversal

Sri Lanka’s financial sector is slated to receive a fresh boost, with the government having entered into an agreement with the World Bank to strengthen the industry’s resilience. As per the agreement, Sri Lanka will receive US $ 150 million in fi

Long standing Galadari Hotel, located at the heart of Colombo, is all set to receive the much needed facelift. Its management yesterday announced the kickoff of a US$ 33.5 million phase one refurbishment

Sri Lanka Telecom has seen its leadership change for the second time in about seven months with the entity affirming the appointment of a new Chairman. The state-owned telco, whic

Chevron Lubricants Lanka PLC (CLLP), in a groundbreaking move within the Sri Lankan lubricant industry, is proud to announce that its proprietary product Caltex Havoline has achieved a significant milestone by concluding a 10,000 k

Sri Lanka’s labour market continues to remain a lot weaker defying even the nascent recovery seen in the economy w

The COVID-19 pandemic and ongoing economic crisis have resulted in over two years of learning loss in Sri Lanka, wit

Leading ICT veteran Chrishan Fernando joins the board of Netsys Solutions from February. Fernando is an experienced IT leader, with over 25 years of experience working for leading global IT companies. He started his internat

AMW, a revered name in the automotive industry in Sri Lanka with a rich history spanning 75 years, marked a historic milestone with the recent signing of a distributor agreement of its tyre manufacturing and distribution business arm

Latest auction brings bill yields back to levels seen prior to bumper policy rake hike in April 2022

Australia extended the Market Development Facility (MDF) programme for Sri Lanka this week, as the two nations entered into a five-year subsidiary arrangement, committing to the ongoing development cooperation in market systems development.

Premier blue chip John Keells Holdings PLC (JKH) reported strong performance for the third quarter of financial year 2024 (3Q24), with all industry groups recording a growth in profits. For the quarter en

Sri Lanka’s merchandise trade deficit widened in December 2023 when compared with the corresponding month in 2022, due to the com

Teejay Lanka PLC has maintained its positive trajectory in the third quarter of 2023-24 (3Q23), recording a pre- and post-tax profit growth, reversing the losses of the corresponding quarter of the previous year. Sri Lanka’s first mu

The captioned units of the CAL Five Year Optimum Fund were officially listed on the Colombo Stock Exchange (CSE) yesterday (1 February). Accordingly, 193,904,428 units of the fund were listed by way of an Introduction. This is the first unit listing

Marking another milestone in Sri Lanka’ State Owned Enterprises (SOEs) reform journey, plans are afoot to enact the draft SOE Act by the first half of 2024, granting the much needed legislative authority and operational effect to the SOE reform p

Sri Lanka Telecom has seen its leadership change for the second time in about seven months with the entity affirming the appointment of a new Chairman.

The Central Bank of Sri Lanka (CBSL) announced today the appointment of six new Assistant Governors by the Governing Board.

The year 2024 is expected to be one of prosperity for Asia with the International Monetary Fund (IMF) expecting the region to maintain its momentum in delivering two-thirds to global growth.

The consumer prices accelerated in January quite considerably as expected, reignited by both higher food and non-food prices. The authorities maintain that the pace of prices wouldn’t last long, as the January prices were mainly influenced by the t

NDB Bank will have a new captain steering it forward, with Kelum Edirisinghe taking over as Director/Chief Executive Officer from today (February 1). Bringing with him an illustrious career spanning 30 years, Edirisinghe joins NDB after a distinguish

Sri Lanka’s merchandise trade deficit widened in December 2023 when compared with the corresponding month in 2022, due to the combined impact of low export earnings and high import expenditure. The data released by the Central Bank showed that the

Sri Lanka’s construction sector in December moved closer towards neutrality, showing a slower contraction in activities when compared with the previous month. According to the Construction Purchasing Managers’ Index (PMI), compiled by the Centra

The Treasury bill yields fell sharply across all three maturities and by over 100 basis points (bps) under the two short-term bills, at the weekly bill auction held yesterday, where the Central Bank was seen comfortably raising the full amount of Rs.

The efforts towards the divestiture of Sri Lanka Telecom PLC (SLT) are firming up, with the government announcing yesterday that it has shortlisted the bidders for the Request for Proposal stage. The State-Owned Restructuring Unit yesterday said that

Sri Lanka Telecom (SLT) this week saw its board members resign after President Ranil Wickremesinghe directed the Treasury Secretary to reconstitute the board with immediate effect. SLT disclosed to the Colombo Stock Exchange (CSE) that Chairman and I