ITC Ratnadipa, Colombo yesterday announced the appointment of Sujeet Kumar, as the General Manager. With over three decades of experience as a skilled hospitality professional with international brands comprising ITC Hotels, Marriott International /

Browns Group hotel companies, Eden Resorts PLC and Palm Garden Hotels PLC are gearing to collectively to raise fresh capital to the tune of about Rs.28.2 billion via rights issues to rectify serious capital losses at the two companies.

French President Emmanuel Macron has extended a formal invitation to Sri Lankan President Ranil Wickremesinghe to participate in the highly anticipated Global Leaders’ Summit for a New Global Financing Pact.

Fitch Ratings (Fitch) affirmed Bank of Ceylon’s (BOC) Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘CC’, on June 13, 2023.

Responding to a national need, Amãna Bank recently adopted a 1990 Suwa Seriya Ambulance as part of its commitment to support the people of Sri Lanka, which resonates with the bank’s people-friendly banking model.

BBC: Prices for eggs, petrol and furniture dropped in the US last month, helping to slash inflation to less than half of its peak a year ago. Inflation, the rate at which prices rise, was 4 percent over the 12 months to the end of May, the Labor Depa

Muditha Dhammika Silva, a professional with an illustrious career spanning over 25 years in the banking, financial services, and also in sales and marketing sectors, has been awarded an esteemed fellowship by the Chartered Institute of Marketing (CIM

CNN: Global oil demand is projected to peak in the next few years even as some major energy companies announce plans to reinvigorate their fossil fuel businesses. The world’s appetite for oil is still rising, the International Energy Agency (IEA)

Responding to the speculation that the ban on vehicle imports may be lifted, the government asserted that an in-depth study is required before lifting any restrictions slapped on vehicle imports, given the fact that the rupee has appreciated by only

Lanka Special Steels Limited (Lanka SSL), a subsidiary of E.B. Creasy & Co. PLC and the market leader in galvanised steel (GI) wire, this week launched the operations of its state-of-the-art manufacturing facility located in Lanka Industrial Estate i

The Treasury bill yields continue their decline this week, after a substantial plunge last week, following a 250-basis-point policy rate cut by the Central Bank. At yesterday’s bill auction, the Public Debt Department (PDD) of the Central Bank rais

The state-owned enterprises (SOEs) should be unchained from government control, regardless of whether they are profit or loss-making, if the benefits arising from their performance are to flow into the national economy, said Suresh Shah, the head of

In line with NDB’s strategic objectives as a responsible corporate citizen, the bank has made a conscious effort to advocate for sustainable development, significantly those that serve for the betterment of the country, including long term initiati

The US Federal Reserve has announced it will hold interest rates steady - the first time it has opted against a rise in more than a year.

“You need to nurture a thriving analytics ecosystem in Sri Lanka,” said Institute of Analytics Director of Education Dr. Clair Walsh, the visionary behind the institute. She revealed this at the official launch of the Institute of Analytics UK, h

For the first time in 20 years, child labour is on the rise, the International Labour Organisation (ILO) shared.

The government has decided to extend capital controls by further six months limiting the movement of foreign currency out of the country in order to continue to re-build the country’s foreign...

The Cabinet green-light has been granted to implement 25 proposals mooted by the Ministerial Sub-Committee on Tourism for tourism promotion.

Sri Lanka Customs officials this week told a parliamentary committee that it may not be able to achieve the revenue target set in the budget due to import restrictions slapped on certain categories of goods...

The government has decided to repeal colonial-era Bread Ordinance No. 13 of 1864 and to introduce provisions under the Consumer Affairs Authority (CAA) Act to regulate Sri Lanka’s bread sales.

US Treasury Secretary Janet Yellen is set to ask Congress to lend more money to developing countries to counter China’s growing influence, according to a copy of her prepared remarks viewed....

Hemas yesterday announced the acquisition of 24.9 percent stake of Atlas Axillia Company (Private) Ltd, for a total consideration of Rs.3.4 billion. With this strategic move...

The newly approved consolidated welfare scheme, ‘Aswesuma’ will be rolled out from next month where 2 million families across the island will receive relief from the ongoing economic crisis, the Ministry of Finance....

The ASPI closed in green as a result of price gains in counters such as Expolanka Holdings, Sampath Bank and LOLC Finance with the turnover crossing Rs. 1.5 bn. Similar behaviour was witnessed...

The Postgraduate Institute of Management (PIM) and Postgraduate Institute of Management Alumni (PIMA) held a joint press conference recently, marking a strong collaboration of two of the stalwart....

The International Finance Corporation (IFC) recently organised Sri Lanka Climate Finance Workshop to deliberate on the importance of climate finance opportunities and challenges for financial institutions...

The Digital Marketing Association of Sri Lanka (DMASL), the professional body for digital marketers in Sri Lanka, along with Dialog Axiata PLC, will be hosting Sri Lanka Digital Marketing Summit 2023....

Ushering in added convenience to the devotees, a cash recycle machine (CRM) was recently installed by People’s Bank in the upper sanctum of the historic Jaya Shri Maha Bodhi in Anuradhapura. Through this CRM....

DFCC Leasing, part of DFCC Bank, was recently recognised with a Gold award for its Process Improvement Lean Six Sigma Project, at National Convention on Quality and Productivity Awards 2022...

Central Bank Governor Dr. P. Nandalal Weerasinghe was recently invited to share his thoughts on the economy and its impact on the insurance industry, at the Executive Committee of the Insurance Association....