Sri Lanka is calling for proposals from suitable parties to implement a QR code-based deposit refund system to tackle the environmental harm created by single-use plastic pollution. The Cabinet....

Sri Lanka’s efforts towards addressing the issues in the economy and measures that have gone into its revival were commended by Montek Singh Ahluwalia, a former Deputy Chairman of India’s....

Credit to the private sector has extended its growth streak for the fifth consecutive month in October, indicating a relaxation in financial conditions, the provisional data released by the Central Bank....

Commercial Bank of Ceylon PLC said yesterday it entered into an exclusive long-term referral partnership with AIA Insurance Lanka Limited in respect of the long-term insurance products....

MMBL Money Transfer Services (joint venture between Aitken Spence and Mercantile Merchant Bank), the largest representative of industry giant Western Union in Sri Lanka, held an inauguration....

Würth Lanka, a fully-owned subsidiary of the renowned German-based global brand Würth, celebrated its 25th anniversary on November 3, 2023, at Hilton Colombo Residencies. Synonymous....

Abans Auto, a prominent vehicle supplier in Sri Lanka, has taken a bold step into the future by launching three innovative models of Yadea electric scooters. The official....

The People’s Bank team was crowned as champions for the second time in a row at the recently concluded SLIM – Battle of Brain Champs 2023 – Marketers Quiz, held at Marino Beach Hotel in....

A two-and-a-half-decade journey of manufacturing excellence leading to market domination was acknowledged when CEAT Kelani Holdings felicitated the company’s top dealers at a spectacular....

Notwithstanding the macroeconomic constraints and conditions that prevailed during the year, Vallibel One Group remained focused on delivering steadfast value to its stakeholders. The group....

Festive shopping is set to begin in earnest with Commercial Bank of Ceylon launching its much-anticipated annual seasonal card promotion for credit and debit card holders. The bank has....

Sri Lankan aviation stands at a pivotal moment as it considers the transformation of Hingurakgoda Airport, also known as Minneriya Airport, from a primarily Air Force facility to a fully-fledged international....

The Ceylon Chamber of Commerce will host Sri Lanka Economic Summit (SLES) 2023 on November 28 and 29, at Shangri-La Hotel, Colombo, with President Ranil Wickremesinghe attending as the chief guest.

The apparel exports from Sri Lanka continued their downward trend, with October exports declining 20 percent year-on-year (YoY) to US $ 330.95 million, the data compiled by industry body Joint Apparel Association Forum (JAAF) showed.

The global apparel and textile giant, MAS Holdings, announced the resounding accomplishment of its subsidiaries, MAS Active Trading (Pvt) Ltd and MAS Intimates (Pvt) Ltd, at the distinguished Presidential Exports Awards for 2021/22 and 2022/23. In re

In a historic and landmark move, Sri Lanka’s Browns Investments PLC solidified its presence in Kenya officially by acquiring James Finlays’ extensive tea plantations spanning over 27,000 acres in Kenya, yesterday.

Sri Lanka yesterday approved a proposal by China’s Sinopec to build a US $ 4.5 billion refinery, its energy minister said, making it the largest single investment in the island nation since a crippling economic crisis last year.

Sri Lanka’s largest private bank Commercial Bank of Ceylon PLC is gearing to raise up to Rs.12 billion via a listed debenture issue, which was first announced in July this year. The bank yesterday said it plans to issue 60 million Basel III-compli

Sysco LABS was honoured with the prestigious Best Exporter Award in the information and communication technology (ICT) sector, at the Presidential Export Awards for both 2021/22 and 2022/23. This ach

BBC: New Zealand’s new government says it plans to scrap the nation’s world-leading smoking ban to fund tax cuts. The legislation, introduced under the previous Jacinda Ardern-led government, would have banned cigarette sales next year to anyone

The Central Bank says it would hold off further rate cuts for some time, at least until the past rate cuts are fully transmitted into the real economy by way of further ease in the market lending rates, as the monetary authority still sees more room

John Keells Properties has entered into a strategic collaboration with HNB to offer attractive mortgage plans for those who are keen to invest in their latest frontier, Viman Ja-Ela. Under this partnership, customers will benefit from financing optio

SLT- Mobitel, the National ICT Solutions Provider recently signed an agreement with Global Housing & Real Estate (Pvt) Ltd to provide SLT- Mobitel Fibre solutions for its luxurious apartment complex, ‘the Ocean Breeze Hotel Residencies’ at Negomb

Steel manufacturer Melwa recently conducted two special training programmes in Ampara and Sainthamaruthu areas to upgrade the professional skills of masons and welders engaged in the construction industry and help them achieve the well-recognised Nat

Alumex PLC, the flagship entity of the Hayleys Group’s Construction Materials sector, recently revealed a strategic expansion of its product line-up. When improving or constructing a home, many consult architects for long-lasting solutions. The Sli

Assetline Lands (Private) Limited, the real estate trading arm of the David Pieris Group of Companies, expanded its operations with the opening of a new branch in Negombo. This branch, located centrally at Colombo Road, Negombo, is ideally situated t

AkzoNobel Paints Lanka (Pvt) Ltd.- producer of Dulux paints in Sri Lanka- has signed a Memorandum of Understanding with the Vocational Training Authority (VTA). This partnership, inked recently will provide its loyal Dulux painter community in the co

Sri Lanka’s market leader in wood coatings and emerging regional conglomerate, JAT Holdings PLC, reported robust financial performance for 2Q of FY 2023/24, recently. Most notably, the Group recorded its highest-ever export Turnover at Rs. 1,827 m

Sri Lanka will likely approve today (Monday) a proposal from Chinese state refiner Sinopec to build a US$ 4.5-billion-dollar refinery, the South Asian island nation’s Energy Minister said....

Tourist arrivals in November have shown improvement; however, the current pace may fall short of reaching the desired milestone of 200,000 or meeting the set month-end target. Provisional data....