The Kedella Living in Style exhibition kicked off yesterday in Colombo, showcasing a diverse range of home-related products and services, spanning from household appliances, furniture and craft to tiles and sanitary wear, designers, manufacturers and

India’s tourism sector is set for a boom as more travellers take trips around the country for religious purposes. The South Asian country, with the world’s largest Hindu population, could see an additional 50 million to 100 million tourists a ye

Expolanka Holdings PLC saw its performance for the quarter ended on December 31, 2023 (3Q24) take a hit, due to the challenges in global trade and local economic conditions. For the quarter under review, the group reported a revenue of Rs.66.8 billio

Nawaloka Hospitals PLC yesterday told its investors and stakeholders that it has resolved the disclaimer points raised in the previous annual report and has ensured its current year accounts are in excellent order. The announcement was made in a stat

As Sri Lanka has still far to go in coming out of the economic crisis that crippled the island nation, President Ranil Wickremesinghe asserted that efforts must be taken to do away with the outdated economic system the country operates in. Pointing o

In a notable industry feat, Ceylinco Life has clinched the esteemed title of Best Life Insurance Company in Sri Lanka for the 10th consecutive year, as declared by World Finance in 2023. This recent recognition follows swiftly after Ceylinco Life wa

National Development Bank PLC (NDB) Director and CEO Dimantha Seneviratne is set to retire from service on January 31, 2024. This signifies the end of an illustrious banking career spanning over 34 years, 10 of which were in the capacity of CEO in t

Unlocking the intricacies of tax appeals will take the centre stage at the upcoming KPMG Academy webinar titled ‘Unravelling the Mysteries of Tax Appeals’. Scheduled for Monday, January 29, 2024, from 3:00 p.m. to 4:00 p.m., the session aims to

In a pioneering move towards the financial inclusivity, DFCC Bank is proud to unveil DFCC Freelancer – a comprehensive, tailored financial solution for freelancers. This groundbreaking solution is uniquely designed to cater specifically to the dyn

Uber Eats completed five years of operations in Sri Lanka late last year and celebrated the milestone with driver partners and their families. Varun Wijewardene, General Manager, Uber Eats Sri Lanka, termed the journey ‘nothing short of incredible

Breaking new ground in premium benefits and luxury air travel, the oneworld alliance unveiled its first-ever fully branded dedicated airport lounge in Seoul. The new oneworld lounge opens as the world’s leading airline alliance prepares to celebrat

The United Nations Tourism organisation has officially launched the application process for the 2024 iteration of its esteemed Best Tourism Villages initiative. In the preceding three editions, UN Tourism, formerly known as the World Tourism Organis

BBC: The US aviation regulator says it will allow Boeing’s 737 Max 9 jets to resume flying after inspections are completed.

SriLankan Aviation College, the training arm of SriLankan Airlines, has signed on to become Sri Lanka’s only International Air Transport Association (IATA) Regional Training Partner, joining ranks of a prestigious few training centres numbered to s

By Nishel Fernando First Capital Holdings said it sees room for shared growth in partnerships with the banking sector to broad base the unit trust investment market in the country. First Capital this week announced a groundbreaking partnership wi

Hela Apparel Holdings PLC yesterday announced the acquisition of Focus Brands, a major UK-based apparel brand licensing house. Hela has acquired 100 percent shareholding in the company from JD Sports Fashion PLC, one of the world’s leading global o

Fitch stated on Wednesday that elections are scheduled for 2024 in almost half of its rated portfolio of Asia Pacific (APAC) sovereigns and will lead to some uncertainty. In its report, Fitch said that the Asia-Pacific region should largely remain r

A group of foreign tourists are seen embracing the sacred ambiance of Sri Lanka’s iconic Gangarama Temple yesterday, taking part in religious rituals held for the Duruthu full moon Poya Day. Gangarama Temple, with its rich historical significance a

BBC: Tesla is forecasting a sharp sales slowdown this year, becoming the latest car company to warn of sagging demand. Elon Musk’s electric vehicle (EV) maker said growth would be “notably lower” than in 2023, when deliveries rose 38 percent. T

Central Bank said they hadn’t even begun talking about unlocking the roughly US$ 1.4 billion equivalent Yuan denominated currency swap line with China as they do not see the need for doing so and they also have a target to build its foreign currenc

Merchant fees which are at most times conveniently passed on to the customer should not be borne by the customer, the Central Bank asserted this week. As per agreements inked between banks and vendors, the fee must be absorbed by the merchant himself

President Ranil Wickremesinghe this week expressed unwavering confidence in Sri Lanka’s potential to play a pivotal role in the global confectionery industry. Emphasising the need for local stakeholders to broaden their horizons, he urged concerted

The recently introduced Value Added Tax (VAT) on used vehicles has inadvertently given rise to a black market within the industry. This, in turn, has led to an escalation in the market prices of used vehicles, adversely impacting the average citizens

The container throughput at the Port of Colombo experienced a modest recovery in 2023, rebounding from the effects of the economic crisis and political and social unrest of the preceding year.

Credit to the private sector is expected to have increased by approximately Rs.100 billion in December of the previous year, marking a rise from the preceding month. This suggests a robust demand for credit from the private sector in the upcoming mon

CNN: One of Europe’s most valuable companies is restructuring 8,000 jobs as it joins a growing list of firms shifting their focus to artificial intelligence. SAP (SAP), the enterprise software giant, announced Tuesday that it would spend 2 billion

In a move towards advancing sustainable development, the United Nations Development Programme in Sri Lanka (UNDP) and UN Global Compact Network Sri Lanka (Network Sri Lanka) recently renewed their commitment through the signing of the third memorandu

NDB Bank and the Colombo Stock Exchange (CSE) entered into a memorandum of understanding (MoU) to pave the way for foreign investors to seamlessly invest in the CSE, through Inward Investment Accounts (IIA), accessible via the CSE mobile application.

Standard Chartered has announced the appointment of Rukshila Seneviratne as the new Head of Human Resources for Sri Lanka, effective 12thJanuary 2024. In her new role, Rukshila will lead the country’s people strategy and will join the bank’s Cou

Reaffirming its commitment to upholding Sri Lanka’s rich cultural heritage, SLT-Mobitel powers the cinematic masterpiece ‘Sihinayeki Adarey’. ‘This collaboration aims to captivate audiences through a narrative that explores the connections be