Indices closed in green as a result of price gains in counters such as Commercial Bank, Sampath Bank and Melstacorp with the turnover crossing Rs. 727 mn. High net worth....

Efforts are underway to form a Cyber Security Authority this year, the Ministry of Technology announced today.

Concluding its visit to Sri Lanka, the International Monetary Fund (IMF) staff mission says the macroeconomic situation in the country is showing tentative signs of improvement, with inflation moderating, the exchange rate stabilizing and the Central

Given the precarious state of the public finances, a former central banker warned that the proposed domestic debt optimisation (DDO) is unlikely to be implemented on voluntary terms, despite the assurances given by the Central Bank and Treasury.

China Petroleum & Chemical Corporation (Sinopec) inked the long-term contract agreement with the Sri Lankan government yesterday to enter Sri Lanka’s domestic fuel market, bringing more stability and reliability to the country’s fuel supply, the

Bangladesh is struggling to pay for imported fuel because of a dollar shortage, letters reviewed by Reuters show, with the state petroleum company owing more than US $ 300 million as it faces an “alarming decrease in fuel reserves”.

The national consumer prices fell sharply in the 12 months to April, mainly due to the higher base effects last year followed by the improvement in the supply conditions and the decline in commodity prices led by global energy.

Port City Colombo is set to reach its highest level of activity as the region’s first multi-currency, service export Special Economic Zone.

The Securities and Exchange Commission of Sri Lanka (SEC) and Colombo Stock Exchange (CSE) will be organising Varsity Battles 2023, an inter-university quiz competition, with the objective of educating the university students of all state universitie

Cargills Bank reported a profit after tax of Rs.106 million for 1Q2023, vs. a loss of Rs.58 million in 1Q2022. The results were driven by strong progress in its core business and lower impairment charges during the quarter.

HNB PLC concluded a year of successful initiatives by reaching a significant milestone in its sustainability journey, by becoming the first bank to achieve carbon neutrality across all its operations for the year 2022. The achievement encompasses all

Ceylinco Life has announced the implementation of a new electronic Know Your Customer (eKYC) system, which offers improved security, efficiency and accuracy in the customer authentication protocol, and enhances compliance with regulatory requirements

Pan Asia Banking Corporation PLC has taken a significant step towards enhancing trade transactions between Sri Lanka and India, and announced the opening of an INR Nostro Currency Account with Standard Chartered Bank (SCB) India, a prominent player i

Sanasa General Insurance opened its 77th branch in Bandaragama with the aim of providing its general insurance and all other insurance-related services to customers easily and efficiently.

People’s Bank declared open a CRM (Cash Recycle Machine)at the Digital Banking Zone of the Defence Headquarters Complex, Akuregoda, Sri Jayawardenepura Kotte.

In a drive to provide enhanced protection against security threats in the banking industry, Hayleys Fentons Security and Surveillance Division, a leading provider of security and surveillance solutions in Sri Lanka, has completed a milestone security

The local confectionery industry is witnessing a consumption drop of over 25 percent, due to the escalation of the prices of all product ranges and to remedy the situation, a decision has been taken to reduce the prices.

The fortunes of Sri Lanka’s apparel sector took a further dip, with the month of April showing the sharpest year-on-year (YoY) contraction in terms of exports, asserting the need for renewed efforts to maintain the industry’s contribution to the

The months-long descent in credit to the private sector turned more pronounced in March as such credit reported a net de-growth of Rs.107.6 billion, nearly doubling from the Rs.57.6 billion contraction...

Galadari Hotels (Lanka) PLC has decided to proceed with the proposed refurbishment of the 450-room hotel after a 4-year hiatus, of which details are yet to be finalised. “.. the company....

Leaders of the Group of Seven (G7) welcomed the launch of creditors’ meeting for Sri Lanka under the three co-chairs France, India, and Japan and said it could be a model that could be used as a template....

China says it has become the world’s biggest exporter of cars after overtaking Japan in the first three months of the year. Officials figures released in the last week...

Granbell Hotel Colombo, a Japanese-owned hotel in the heart of the capital city, recently celebrated its first anniversary. During a press conference held last week, the hotel’s....

Sri Lanka’s industrial production slipped in March from February as most of the manufacturing segments weakened on the back of softening global demand and also precarious local market...

Faced with mounting pressure over planet-heating pollution, Gulf Arab energy giants are turning to humble tech start-ups as they search for ways to remove emissions while keeping oil flowing. Oil producers...

A group of TikTok users has sued to overturn Montana’s new statewide ban blocking the app, alleging that the law signed this week by Gov. Greg Gianforte violates the First...

Emerging Sri Lankan public policy leaders have come together to form the country’s first platform for professional development and networking towards advancing better public policy capabilities. The Young...

EY Global Delivery Services (GDS) recently announced the appointment of Samantha Rajapaksa as Location and Consulting Leader at EY GDS Sri Lanka. Rajapaksa....

The United Nations Development Programme (UNDP) in Sri Lanka, through its innovation arm Citra Social Innovation Lab, has partnered with the National Innovation Agency (NIA) to jointly address...

Turning a new leaf in the country’s public financial management, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) together with its public sector wing, the Association of Public Sector...