The International Monetary Fund (IMF) expects Sri Lanka to complete the debt restructuring process by the first review of the country’s US $ 3 billion programme, which is scheduled for September-October.

Bank of Ceylon (BOC) has reported Rs.3.3 billion of profit before tax for the three-month period ended on March 31, 2023, amidst the unprecedented challenges continued to prevail from the previous year.

Commercial Bank of Ceylon PLC became a casualty of the sharp swings in the interest and exchange rates in the last 12 months, as the country’s biggest private sector lender reported subdued performance in the first three months of 2023.

Sri Lanka Telecom Group (SLT Group), the national ICT solutions provider, recorded positive consolidated revenues of Rs.26.6 billion for 1Q 2023, an increase of 2.1 percent compared to the same period last year.

People’s Bank yesterday denied the views expressed on the bank’s non-performing loan write-offs as shared in certain social media groups.

Sampath Bank PLC reported subdued profits in the March quarter (1Q23), as the exchange losses weighed on its performance as seen with other big lenders in the country.

Hatton National Bank PLC (HNB) reported solid financial performance in the three months to March 2023 (1Q23), on the back of fattened margins as rates soared last year, giving a boost to the net interest incomes of banks but the growth turned negativ

Following the seasonal pattern, Manufacturing PMI decreased to 34.7 in April 2023, indicating a month-on-month contraction in manufacturing activities. Accordingly, the Production, New Orders, Employment and Stock of Purchases sub-indices declined du

The CA Sri Lanka – Australia Chapter Inc. announces its first business forum, Reignite Sri lanka 2023, in collaboration with the Consulate General of Sri Lanka in Melbourne, Australia, scheduled to be held at Crown Melbourne, on Wednesday, May 17,

The Colombo Stock Exchange (CSE) recently signed a memorandum of understanding (MoU) with the University of Moratuwa, to formalise collaborative efforts to improve financial literacy among undergraduates in Sri Lanka.

The National Chamber, in its history of 75 years, organised a felicitation ceremony for the past presidents of the chamber.

Affirming the company’s unwavering dedication to ensuring a trajectory towards net zero by 2050, Hela Apparel Holdings received the ISO 14064-1:2018 certification for quantification and reporting of greenhouse gas emissions across the group, for th

Heineken Lanka Limited, the Sri Lankan subsidiary of The Heineken Company, has received recognition as one of the Best Workplaces in the Manufacturing and Production Industry of Sri Lanka for 2023 by Great Place to Work, a globally recognised authori

DIMO took home the Silver Trophy in the Vehicle Servicing category, at Presidential Environment Awards 2021-2022, which was held recently.

Coca-Cola Sri Lanka, a leading beverage brand that has been in the country for over 60 years, has been awarded the prestigious Beverage Brand of the Year and Youth Choice Beverage Brand of the Year awards, at SLIM Kantar People’s Awards 2023, hoste

People’s Bank has denied views expressed on the Bank’s non-performing loan write-offs as shared in certain social media groups.

To entice Chinese travelers to visit the island nation, the Ministry of Tourism and the Sri Lanka Tourism Promotions Bureau (SLTPB) has planned a series of activities to be carried out towards the second half of May.

With the number of active Board of Investment (BOI)-approved companies falling by nearly 50 percent since the inception of the agency,,,,

Indicating a complete failure of the 28-year-old Samurdhi welfare scheme, the government revealed that only one percent of recipient families...

As per unaudited accounts, the airline made US$ 3mn profits in FY ended March 31, 2023 National carrier, SriLankan....

The Hambantota International Port (HIP) recently launched its Duty-Free Complex with the opening of two duty free shops within the port’s....

National Development Bank PLC reported strong financial performance in the three months to March 2023 and remains cautiously....

Batik Air, formerly known as Malindo Air, recently announced that all bookings are open for its new reinstated services between Colombo....

Remittances from migrant Sri Lankan workers continued their months-long upwards streak in April, becoming one among the few....

HNB Finance Plc has announced the launch of its 78th branch in Piliyandala, as part of its continued efforts to improve accessibility and....

Amana Bank PLC reported robust financial performance in the three months to March 2023, navigating the adversities in the economy....

Road accidents are an unfortunate reality that is both frustrating and inconvenient. The conventional process of waiting for an assessor....

Nations Trust Bank PLC reported a strong performance in the first3 months of 2023 posting a Profit Before Tax (PBT) of Rs.5.8 billion...

Cash-strapped Sri Lanka’s national airline announced a staggering US $ 525 million annual loss yesterday