Commercial Bank of Ceylon PLC (Commercial Bank), Sri Lanka’s largest private bank and AIA Insurance Lanka Limited (AI

Sri Lanka has witnessed a doubling of retail digital transactions over the last two years, a report from Robocash, a leading legal and authorised online lender revealed. From 2Q21 to 2Q23, re

Treasury Secretary Mahinda Siriwardana on Wednesday expressed confidence in the measures taken by the authorities to increasing government revenue through taxation, bringing about a positive outcome next year. While the tax reforms imp

As reform and restructuring efforts are underway across various sectors of the economy, the private sector stands out as a key el

Amber Adventure and Ambuluwawa Biodiversity Center have signed an agreement with the Board of Investment (BOI) to invest US$ 4.5 million in establishing the country’s first cable car project. The technical and product expertise for the project wil

With Sri Lanka striking preliminary deals with Paris Club creditors and China on restructuring its debt, the focus of the authorities would now be on striking a similar deal with the country’s bondholders. Sri Lanka’s Of

BPPL Holdings PLC, a leading player in the brushware and filament export manufacturing industry, was awarded by Forbes Asia as

Sri Lanka Apparel Exporters Association’s (SLAEA) re-appointed chairman Indika Liyanahewage reiterated the significant challenge posed by the proposed abolition of Simplified Valued Added Tax (SVAT), asserting the need to bring in accepta

According to the officials from the Inland Revenue Department (IRD), the existing Inland Revenue Law mandates the submission of the annual income report, for the assessment year 2022/2023 (from April 01, 2022 to March 31, 2023), to the department by

The Kingsbru Tea Factory, Deniyaya has won the Gold National Industrial Award for Bulk & Flavoured Tea manufacture under Medium Scale Sector in the National Industry Excellence Award - 2023, conducted by the Ministry of Industries and Industrial Deve

MullenLowe Sri Lanka was awarded the ‘Most Effective Agency for 2022/23’ recently, an award it jointly shares with Dentsu in a tie of points. The company came back strong this year to clinch the top spot after falling short by just two marks when

The Kahatana Junior School in the Gampaha district was presented with a smart IT classroom valued at over Rs. 6 million as part of a donation programme sponsored by the Government of the Republic of Korea. The event was held on November 23rd, with th

StrEdge Group of companies which offers a broad spectrum of business consultancy services has expanded its reach to an overseas clientele. The Group’s overseas footprint includes business transformation, HR strategy redesigning and technology advis

Treasury Secretary Mahinda Siriwardana yesterday expressed confidence in the measures taken by the authorities to increase government revenue through taxation, bringing about a positive outcome next year. While the tax reforms implemented from the mi

The recently concluded domestic debt restructuring (DDR) and anticipated budget support loans from multilateral lenders are expected to contribute to further reductions in bond yields and market interest rates in the coming months. This comes as the

Velou, a cutting-edge AI-powered retail technology start-up, is revolutionizing the e-commerce landscape by optimizing the customer experience for online shoppers. Founded by Sadee Gamhewa, a seasoned industry expert with over two decades of experien

SLT- Mobitel Mobile has introduced an all new, UNLIMITED MAX package, offering customers a new era of limitless potentialand maximising every benefit. With the new UNLIMITED MAX package backed by SLT- Mobitel’s unmatched network coverage and seamle

Hutch, mobile operator and a subsidiary of Hong Kong-listed CK Hutchison Holdings (CKHH), has announced strategic partnership with Bancstac to launch innovative payment acceptance capabilities across all Hutch digital payment channels to support its

In a move set to delight smartphone enthusiasts and tech-savvy consumers, Samsung Sri Lanka has announced a captivating launch offer for its latest additions to the Galaxy family – the Galaxy A05 and Galaxy A05s. This exclusive offer, brought fort

Federation of Information technology Industry Sri Lanka (FITIS) hosted API ASIA conference for the second time in Colombo on November 16th at Shangri-La bringing industry experts, with keynote speakers and delivery experts to an open forum to expand

The Red Cloud Summit, which was organised by OREL IT, took place from November 3rd to 5th conjunction with INFOTEL 2023. The Red Cloud Summit showcased OREL IT’s commitment to innovation, empowerment, and cyber security, all of which are essential

As reform and restructuring efforts are underway across various sectors of the economy, the private sector stands out as a key element crucial to safeguarding the entire reform process, stated the chief of the State-Owned Enterprise Restructuring Uni

BBC: Saudi Arabia’s Public Investment Fund (PIF) has agreed to buy a 10 percent stake in Heathrow airport from Spanish infrastructure giant Ferrovial. Another 15 percent in its parent company, FGP Topco, will be sold to France-based private equity

REUTERS: Sri Lanka needs US $ 100 billion to become a net zero emitter by 2040, President Ranil Wickremesinghe said on Tuesday, as the island also attempts to build climate change resilience while navigating its worst financial crisis in decades. Sri

CNN: Billionaire investor Charlie Munger, the long-time friend and business partner of Warren Buffett, has died. He was 99 years old. Berkshire Hathaway, the investment firm where Munger served as Vice Chairman, said in a press release that Munger pa

The highly debated minimum room rate (MRR), which was imposed on the Colombo City hotels, came under the spotlight this week, with President Ranil Wickremesinghe stating point blank that Sri Lanka should do away with such measures. Wickremesinghe ex

Sri Lanka and the country’s Official Creditor Committee (OCC) co-chaired by India, Japan and France as the Chair of the Paris Club have agreed on a debt restructuring deal, a statement issued by the Paris Club Secretariat said.

Sri Lanka is set to borrow US$ 60 million from the Asian Development Bank (ADB) under the Second Integrated Road Investment Programme – Tranche 4. The Cabinet....

The Ministry of Water Supply and Estate Infrastructure announced this week that water tariff reforms are underway, with a primary focus on ensuring “fairness” among specific user groups. Water Supply....

The Cabinet of Ministers has green lighted to lease an 87-acre land plot under the jurisdiction of Lands Reforms Commission to Ceylon Tobacco Company PLC (CTC) for a forest farming....