David Pieris Motor Company (Pvt) Limited (DPMC), the largest automotive company in Sri Lanka, recently celebrated 30 years of revolutionizing not only the local automotive industry but also the transportation industry. DPMC has become a driving force

Sri Lanka’s efforts to come out from the worst crisis faced since independence was commended by one of its major creditors, Japan, whose Finance Minister expressed keenness in deepening economic ties with the island nation. Japanese Finance Ministe

The Central Bank will review the remaining restrictions on the outflows from the capital account and gradually start lifting them by taking into account the domestic market foreign exchange liquidity condition improvement. “With the observed improv

This week’s auction volumes were fairly similar to last and totalled 5.1 million kilogrammes. There was a good general demand, except in the Duct category, where the prices were impacted, following inactivity of local buyers, perhaps resulting from

In a significant show of support for both tourism and the arts, Sail Lanka, the leading name in marine tourism, proudly announces its sponsorship for Galle Literary Festival 2024. This strategic partnership highlights Sail Lanka’s commitment to fo

Shashi Kandambi, a leading professional in the banking sector, assumed office as the 19th General Manager/CEO of National Savings Bank (NSB) this week. Kandambi was Senior Deputy General Manager of International Banking at Sampath Bank, where she had

FitsAir, Sri Lanka’s leading low-cost airline, is proud to announce a significant enhancement to its service offerings by obtaining the approval for inflight self-catering. This strategic move aligns with the airline’s vision to offer low-cost i

SLT-Mobitel, the national information and communications technology (ICT) solutions provider, has achieved another milestone by securing the prestigious honour of being ranked among the Business Today’s TOP 40 2022-2023 listings, dominating the tel

The Sri Lanka Tourism Promotion Bureau (SLTPB) unveiled its plans to launch a marketing campaign in mass media channels by the end of this year, while efforts are underway to officially kick off the global promotion campaign, under the new brand iden

The government expressed confidence in the International Monetary Fund (IMF) exhibiting flexibility by overturning the elimination of VAT exemption for Destination Management Companies (DMCs)

The Central Bank announced this week a slew of changes to its monetary policymaking to improve both its efficacy and transmission, as it remains committed to maintaining price stability under the inflation targeting framework while facilitating the e

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BBC: Airline regulators will not be rushed into clearing grounded Boeing 737 Max 9 planes after a mid-air blowout, the US government has said. The aircraft, which were suspended in the US following an incident on an Alaska Airlines flight “need to

Sri Lanka’s gem and jewellery industry will receive a fresh boost as plans are afoot to bring in significant advancement to the industry over the next two years, the government said. The pledge t

Infinix, a leading global smartphone brand known for its innovative technology and user-centric devices, has now ventured into Sri Lanka, with an aim to empower the country’s younger generation. After achiev

The Commercial Bank of Ceylon has unveiled a series of new features to the bank’s eSlip app, the first app of its kind in

The Central Bank announced this week the initiation of a balance sheet run-off. This move comes as the institution addresses the unprecedentedly substantial expansion of its balance sheet in the recent past. While the Centr

The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has announced that unregistered telecommunication devices equipped with a SIM card will be deactivated within the cellular mobile telephone operator’s network.

Sri Lanka came under the international spotlight once again for its unique tourism offering, but drawing the attention this time round is the scenic city of Negombo. The New York Times in its latest travel review placed the fishing village of Negomb

Enterprise Analytics (EA) recently wrapped up its highly anticipated second annual customer summit Evergreen 2.0.

Pan Asia Bank proudly launched its first digital banking centre to enable its customer base to access its banking services round the clock. The new state-of-the-art Ezy Banking Centre offers unprecedented freedom for Pan Asia Bank customers to conduc

McLarens Group, one of Sri Lanka’s largest diversified conglomerates, propels forward with Microsoft Sri Lanka, as the organisation transitions from Business Productivity Suite to Microsoft Enterprise Product Services. This adoptio

Recognising that security threats are complex, ever-evolving and heavily on the rise globally, SLT-Mobitel Enterprise h

Citrus Leisure PLC announced this week that it would raise Rs.1.5 billion by way of a rights issue. In a filin

The benchmark one-year Treasury bill yield extended its weeks-long downward stickiness at the weekly bill auction held on Wednesday. This is despite the assurances by the Central Bank that it would continue on its monetary easing cycle and enter int

BBC: Fan Yifei, a disgraced former Chinese central banker, has admitted making a “huge mistake” in comments aired as part of a documentary by state broadcaster CCTV that alleges he accepted massive bribes from the beginning of his tenure. Fan, wh

In a groundbreaking achievement for Sri Lanka’s renewable energy landscape, Hayleys Solar, a division of Hayleys Fentons, has surpassed the 150MWp mark in rooftop solar installations. This remarkable feat establishes a national record for rooft

HNB Finance Plc has appointed Rajive Dissanayake as the new Chairman of the company, effective from January 8, 2024. Dissanayake succeeds Dilshan Rodrigo, former Chairman and HNB Executive Director/COO, who served the board since 20

Sri Lanka has come under the international spotlight once again for its unique tourism offering, but drawing attention this time round is the scenic city of Negombo.

By Nishel Fernando The government this week said it is mulling on a possible downward revision of the Value Added Tax (VAT) rate in the second quarter of 2024. A relief is likely towards March-April this year. Addressing a special conference held