The sharp division within Sri Lanka’s tourism industry on the implementation of Minimum Room Rate (MRR) became even mo

As Sri Lanka is yet to find solutions to tackle the brain drain issue, President Ranil Wickremesinghe this week gave assurance to a group

Hemas Holdings PLC yesterday announced the resignation of Kasturi Wilson from her position as Group Chief Executive Officer,

AFP - Emirati energy giant ADNOC said yesterday it had awarded contracts to build a major gas project, just a few weeks before the Gulf state hosts the COP28 climate conference. The company said it would invest in the Hail and Ghasha offshore fields,

Fitch Ratings yesterday affirmed ratings on 15 Sri Lankan banks and removed them from the Rating Watch Negative (RWN), following the conclusion of the Domestic Debt Optimisation (DDO). While Bank of Ceylon’s Long-Term Local-Currency Issue Default R

The Central Bank yesterday said it will stick to the timelines already announced for the completion of the first review of th

Earlier this year, global fashion infrastructure platform PDS Limited announced the unveiling of a centralised cutting plant in its

The Institute of Certified Management Accountants of Sri Lanka (CMA) will be conducting the CMA Excellence in Integrated Report

MAS Matrix, the diversified flat-knit apparel manufacturing facility under MAS Holdings, announced the launch of its latest product platform MVTM. In a leap forward for flat-knit products, the technology and product capability of the MVTM range is p

Sri Lanka’s renowned household chicken brand Bairaha recently earned high praise for its creative participation at the Pro-food Pro-Pack & Agribiz 2023 trade expo as well as at Culinary Art & Food Expo 2023. Organised by the Sri Lanka Food Processo

In today’s world where demand for energy-efficient and reliable electronic products are ever-increasing, Zenoi has stood out as a trusted name, offering a comprehensive range of quality LED Lighting solutions for the consumer/retail market a

Naturelac Paints, a local manufacturer and marketer of paints won the silver a w a r d i n t h e m e d i u m category/construction sector at the Small and Medium Enterprise Development Awards (SLIM SMEDA) 2022 organised by the Sri Lanka Inst

Penteng Private Limited formerly known as ‘Penthouse Engineers’ says it is excited to celebrate30 years in business marking a significant milestone in the business of providing quality and reliable engineering services. Since our modest b

HNB PLC has renewed its long-standing partnership with Prime Group to offer investors exclusive deals and benefits. The partnership will offer customers a range of benefits, including special interest rates during the September and October promo

Construction has officially started on the eagerly awaited Oceana Beach Resort Apartments in Wadduwa. This ambitious project by Home Lands Skyline brings together the best of hospitality and residential real estate, introducing a new era of

Crisis-hit Sri Lanka will focus on improving tax collection to reduce budget deficits as it streamlines the structure of the tax system, the Treasury secretary said yesterday, with new legislation planned to improve public finances.

Dialog Axiata PLC, the first telecommunications service provider in the South Asian region to demonstrate 5G capabilities in 2018, announced the expansion of its 5G roaming network, now encompassing an impressive 50+ countries through collaboration w

Hutch is set to redefine mobile connectivity by introducing its revolutionary eSIM for all users of compatible iPhone, Samsung, and various other smartphone brands. An eSIM, also known as an embedded SIM, is a miniature component seamlessly integrat

Appreciating the dedicated service and invaluable contribution by senior citizens to the nation, SLT-Mobitel has introduced an innovative new package as a significant step towards enriching the lives of Senior citizens. This special package includes

At ‘Huawei Connect 2023’, Kang Ning, President of Huawei Cloud Global Ecosystem, spoke on how ‘Partnership Paves the Way for New Value’. In his keynote speech, Kang shared the latest progress and achievements of the Huawei Cloud ecosystem an

Airtel Lanka is bringing more value and savings to local subscribers travelling to the island’s closest neighbour, with the launch of Airtel’s New India Roaming packs. “Across India and Sri Lanka, Airtel is focused on delivering a superior valu

Global cyber security firm Scybers has announced the addition of Chandika Mendis, a technology and startup mentor, to its global advisory board to strengthen their efforts to support startups manage cybersecurity and compliance requirements effective

Diebold Nixdorf USA (DN), the World’s largest manufacturer of CRMs and ATMs presented a Special Achievement Award to DMS (Data Management Systems Ltd), in recognition of DMS’soutstanding sales performance of the world’s most advanced new DN ser

Singer, the exclusive distributor for Honor smartphones in Sri Lanka, marked a new era of affordable, cutting-edge mobile technology with the highly anticipated launch of the new line-up of Honor smartphones. The breakthrough release from China’s

The government is exploring the possibility of acquiring some of the privately-owned thermal power plants, as it looks to decommission several of the old thermal power plants owned and operated by the Ceylon Electricity Board (CEB).

The sharp division within Sri Lanka’s tourism industry on the implementation of the Minimum Room Rate (MRR) became even more apparent yesterday, as the key industry stakeholders voiced their profound discontent about the move, charging that it was

The Colombo Fort Magistrate’s Court yesterday ordered to release former Central Bank Governor Ajith Nivard Cabraal and former Secretary to President Lalith Weeratunga from a private plaint, after upholding the preliminary objections raised by the d

State Enterprise Restructuring Unit Director General Suresh Shah stated that Sri Lanka’s success in managing its public finances would lead to a sustainable fiscal position in the not-so-distant future. He emphasised that achieving this, along wi

People’s Bank, taking yet another significant leap towards technological innovation, partnered with Hayleys Fentons ICT for a transformative SD-WAN project. This initiative covered 375 customer contact points across Sri Lanka, becoming the largest

REUTERS: Countries going through a sovereign default need a debt rework mechanism that grants timely relief, even if that means finding a solution outside the G20’s programme, an executive at Lazard’s sovereign advisory team said. As adviser to