Unilever Sri Lanka will have a new Chairman and CEO taking over, with Ali Tariq set to take on the role from February 1. With this appointment, Tariq will also join Unilever’s South Asia leadership team. Prior to this, Tariq served as CFO for Globa

Citrus Leisure PLC announced this week that it would raise Rs.1.5 billion by way of a rights issue. In a filing to the Colombo Stock Exchange, Citrus Leisure PLC said it would offer 378,354,954 ordinary shares, at Rs.4.20 per share. As per the fil

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

The Central Bank yesterday said it does not see the need to change the course of the current monetary policy path set off in June last year, as inflation remains well anchored, despite the near-term blips in the price indices, due to the recent hike

With a view to enhancing the effectiveness of monetary policy implementation as well as catering the current and future developments, a user-friendly system for open market operations (OMOs) would be introduced, the CBSL said. This will be in line wi

MAS Holdings yesterday welcomed Her Royal Highness (HRH) Princess Anne, the Princess Royal, on her official visit to the island, marking 75 years of diplomatic ties between the UK and Sri Lanka. The royal delegation, including Princess Anne’s husb

Sri Lanka’s economy is expected to move towards a positive growth trajectory this year, as gross domestic product is estimated to grow by 1.7 percent, the World Bank (WB) said in its recent Global Economic Prospects report. The island nation, whic

Seylan Bank received two prestigious awards for the innovative ‘Who is Albert Uncle’ campaign at the recently concluded SLIM Digis 2.3, organized by the Sri Lanka Institute of Marketing (SLIM). Seylan Bank secured a bronze award under the ‘Ban

eChannelling PLC, Sri Lanka’s largest channelling network and subsidiary of SLT-Mobitel, was presented another accolade when the company clinched the prestigious ‘Online Brand of the Year - Gold Award’ at the 22nd Sri Lanka Institute of Marketi

NDB Bank has reaffirmed its commitment to community-driven initiatives by joining forces with the 1990 Suwaseriya Foundation to support their vital ‘Adopt an Ambulance’ programme. In a significant step towards enhancing emergency medical services

DFCC Bank has been honoured with the Merit Award for Green Brand of the Year at the SLIM Brand Excellence Awards 2023. This accolade underscores DFCC Bank’s unwavering commitment to sustainable practices and its pivotal role in fostering a green ec

The Commercial Bank of Ceylon recently donated two dehydrator machines to a Women’s Society in Hettipola in the Matale District as part of the bank’s focus on the social enterprise space. The beneficiary, the Sithamu Kantha Maha Sangamaya will us

SriLankan Airlines has begun the global roll out of its New Distribution Capability (NDC) agents booking portal ‘SriLankan Direct Connect’ starting with India enabling travel agents, convenient direct access to the airline’s reservation system

Norfolk Foods (Pvt) Ltd., announced the appointment of Ameena Mariam Ziauddin as the new President (MD) effective January 2024. Ziauddin, the former Deputy Managing Director with an accomplished academic and professional background, will succeed the

Ringing in the New Year for Sri Lankans was an increase in the value-added tax (VAT) rate to 18 percent and a withdrawal of tax exemptions on several goods and services. The last day of 2023 witnessed long queues as people rushed to stock up on esse

The Tax Identification Number (TIN) has become a widespread topic of discussion across the country, and a considerable amount of misinformation is circulating on this matter. It’s essential to clarify that possessing a TIN doesn’t automatically

The Employees’ Provident Fund (EPF) will be modernised going forward, the Central Bank said, with efforts underway for its operation to go almost paperless.

Fast reviving Sri Lanka has been listed as the fourth-most popular destination for solo travellers in 2024 by Forbes.

The Port of Colombo is experiencing a surge in transshipment container volumes as it emerges as a transit point in the short term for major shipping lines to reroute their vessels around the Cape of Good Hope, a move opted to avoid disruption to ship

Sri Lanka tourism kicked off year 2024 with an impressive start with over 45,000 international visitors entering the island nation in the first week of January.

Union Bank announced the appointment of Dilshan Rodrigo as the Deputy Chief Executive Officer with effect from 15 January 2024. Rodrigo....

HNB Assurance PLC has announced the appointment of Lakshman Silva and Dr. Sankalpa Gamwarige as Independent Non-Executive....

In an effort to improve economic activity, Sri Lanka will see the establishment of several new investment zones across the....

The rating of Sri Lanka Telecom (PLC) will no longer be dragged by the state ownership following the sale, Fitch Ratings said yesterday....

The global economy is set to grow at its slowest pace since the pandemic, the World Bank has warned. It has forecast growth of just 2.4...

Despite treasury bill yields manifesting some stickiness from coming down in recent weeks, the prime lending rate has continued ....

Aitken Spence Travels, the foremost destination management company in Sri Lanka, welcomed the inaugural special charter flight from Uzbekistan for the winter 2023/24 season to Mattala Rajapaksa...

In alignment with its commitment to preserving Sri Lanka’s cultural identity, Heritance Hotels and Resorts, the flagship brand of Aitken Spence Hotels, announced its collaboration with Galle Literary....

Commercial Bank of Ceylon has announced customised Green Home Loans for buyers of apartments at Capitol TwinPeaks, a high-rise mixed development with luxury residential apartments in Colombo....

Amidst one of the most picturesque and oldest tea estates lies Sri Lanka’s hill country’s best-kept secret, The Lavender House by Reveal the Collection. The exquisite English-style...