Sri Lanka took a significant step towards fortifying its cloud computing landscape, as the Cloud Security Alliance (CSA) launched its Sri Lanka Chapter during the prestigious INFOTEL Information...

Recording its best ever quarterly performance, Amana Bank PLC continued its strong profitability trend in 2023, as it closed the nine months ending on September 30, 2023, with a profit before tax....

In the logistics sector, Aitken Spence Logistics’ Mobile Storage Solutions is a trailblazer, being the first to receive the ISO certifications for food safety and occupational health and safety in....

Mercantile Investments, a leading financial institution, proudly announces the successful launch of its 45th branch in the historic city of Kandy. This momentous....

NDB Bank recently secured a victory at the prestigious National Best Quality Software Awards (NBQSA) 2023. The bank was honoured with a Merit award in recognition....

Higher education loans of up to Rs.10 million are now available from Commercial Bank of Ceylon to undergraduates of the Open University of Sri Lanka (OUSL) enrolling for bachelor’s or master’s degrees...

Nations Trust Bank (NTB) continued its solid financial performance into the third quarter of 2023, with a profit before tax (PBT) of Rs.19.4 billion and a profit after tax (PAT) of Rs.9.4 billion, a year-on-year....

With a solid foundation, a strong reputation and a big heart, AIA has been recognised as the Most Respected Insurance Company in Sri Lanka in LMD’s Most Respected Entities 2023 ranking...

The Colombo-based economic think tank, Verité Research, has identified the removal of executive discretion over tax changes as a crucial measure that should be incorporated into the 2024 budget....

The Trade, Commerce and Food Security Ministry this week said food inflation in the country is expected to contract further in 2024, with efforts also being taken to trim the food prices wherever possible.

U.S. International Development Finance Corporation (DFC) made a US $ 30 million commitment in DFC financing to Citizens Development Business Finance PLC (CDB), to support women entrepreneurs, sustainable financing and micro, small and medium enterpri

Sri Lanka’s failure to address the impediments to enterprise growth that had been rigorously identified at least 20 years ago has hampered the healthy growth of enterprises, leaving them vulnerable to the kind of cataclysmic shocks that have rocked

Five institutions under the purview of the Primary Industries State Ministry formally presented the annual dividends to the Treasury yesterday.

The overall auction offerings were marginally higher this week, totalling 5.49 million kilogrammes.

Vidullanka PLC recorded a profit after tax (PAT) of Rs.614 million from a revenue of Rs.2.9 billion midway through the financial year 2023/24, as per the latest interim financials for the six months ended on September 30, 2023, published on the Colom

CNN: A US unit of the Industrial and Commercial Bank of China (ICBC) was hit by a ransomware attack this week that disrupted some of its systems, reportedly hitting liquidity in US Treasuries which may have contributed to a brief market sell-off on T

Sri Lanka is set to receive fresh financing, with the World Bank’s Board of Executive Directors giving the nod to release US $ 150 million to strengthen the island nation’s resilience in the financial sector.

Renewable energy company Windforce PLC said yesterday it has entered into an agreement to construct an off-grid solar power project on Bawe Island, part of Zanzibar, Tanzania. The engineering, design, procurement, installation, testing and commissio

US Development Finance Corporation has committed US$ 30 million financing to Sri Lanka’s Citizens Development Business Finance PLC (CDB). CDB said the DFC financing will be utilised to support women entrepreneurs, sustainable financing and micro, s

Hemas PLC reported modest earnings growth for the second quarter ending in September 2023 (2Q24) in light of the sluggish consumer demand in the economy. The FMCG juggernaut with interests in healthcare and transportation, reported earnings of Rs.2.0

As Sri Lanka explores various avenues to enhance its tax revenue, it is likely that the country will opt for a property tax instead of implementing a comprehensive wealth tax, according to KPMG Sri Lanka.

Reuters: President Ranil Wickremesinghe will seek to boost tax revenue and rationalise spending in the government’s second full-year budget on Monday, targeting a return to growth for the crisis-hit economy while keeping an eye on elections.

DIMO, a leading diversified conglomerate in Sri Lanka, once again affirms its commitment towards innovation in agriculture with the launch of the country’s first boat tractor Bison through its agriculture arm, DIMO Agribusinesses.

In a small roadside hut in Nattandiya, Asoka Malini, a returnee migrant worker, spends her days with a handful of vegetables. She worked for six years in Saudi Arabia as a housemaid and a care worker, earning a monthly salary of Rs.20,000. As a m

Few sectors are as emotionally and politically charged as the Sri Lankan plantation industry. Media often portrays the ‘estate sector’ as the single-most impoverished, malnourished and lacking in basic amenities, often holding the Regional Planta

As part of its efforts to develop small and medium enterprises (SMEs) and build sustainable businesses, Union Bank, through the ‘Kapruka Ayojana’ credit line, continues to uplift and support coconut cultivators with funding and advisory.

Elpitiya Plantations (Pvt.) Ltd, a fully-owned subsidiary of the Aitken Spence group, is delighted to announce the grand launch of HarrowHouse.lk, an online store inviting gastronomy enthusiasts to embark on a journey through an array of exceptional

Sri Lanka’s leading private sector bank HNB PLC renewed its long-standing partnership with Singer, the premier consumer durable retailer and sole local agent of John Deere, to support the agricultural sector with state-of-the-art vehicles, machin

The fourth session of Sri Lanka Economic Summit 2023, conducted by the Ceylon Chamber of Commerce on November 28 and 29, will explore the most effective means to achieving consensus to sustain reforms and growth. Session 4 will delve i

As shopping begins to occupy thoughts with the year drawing to a close, the Commercial Bank of Ceylon has unveiled a series of exciting discount opportunities in November and December in partnership with Daraz, South Asia’s largest ecommerce platfo