Indicating a full recovery of outbound travel, visa applications from Sri Lanka is on course to reach pre-pandemic levels this year after reaching 68 percent of pre-pandemic levels in 2022 driven by pent-up demand, opening of international borders, a

Visa, a leader in digital payment technology, expressed confidence in the local tourism sector playing an active role in helping Sri Lanka’s economy revive, provided the proper digital payment infrastructure is in place.

The company teased the opening of its retail outlet in a brief statement Wednesday, saying it was preparing to greet customers in the financial and commercial hub of Mumbai. Its previous plan to open a store in the country in 2021 was derailed by the

With the new appointment, the Board of Sunshine Holdings will comprise of 12 directors, eight of whom are non-executive, independent directors.

Four hedge funds, holding around 48 percent of the GDP-linked securities issued between 2005 and 2010, sued the South American republic in 2019, seeking damages of up to 643 million euros.

Bond markets have already priced in rate cuts as early as the next policy meeting in June as yields fell sharply across government securities even before this week’s monetary policy meeting.

As the 1990 Suwa Seriya ambulance service has run into a Rs.1.5 billion shortfall in funds this year, a number of leading corporates have stepped up to fill the void by committing Rs.525 million up to now, to maintain the operations of the critical s

The Central Bank officials expressed confidence in wrapping up the negotiations with both its bilateral and commercial creditors well prior to the first review of the International Monetary Fund (IMF)-assisted programme, which would come up in six mo

Sri Lanka’s heightened fiscal, external and financial sector imbalances and its fluid political situation pose significant uncertainty for the country’s economic outlook, said the World Bank in its twice-a-year update, underscoring the need to ad

The John Keells group has signed an agreement to contribute Rs.100 million toward the Suwa Seriya Foundation for use in the operations of the Suwa Seriya ambulance service.

The Colombo Stock Exchange (CSE) will return to regular trading hours, with effect from April 10, 2023, the Securities and Exchange Commission (SEC) said.

Softlogic Life, Sri Lanka’s second largest life insurer in terms of market share, was decked up this week to catch the eyes of potential investors that will help improve the future prospects of the entity.

Pursuant to the enactment of Securities and Exchange Commission (SEC) of Sri Lanka Act No 19 of 2021 (new SEC Act), the stockbroker rules of the Colombo Stock Exchange (CSE) and Central Depository Systems (CDS) have been revised.

The crisis facing the US banking system “is not yet over”, the head of America’s biggest bank has warned.

Houston-based PROS Holdings Inc. has secured a US $ 3.24 million tender to provide computer software solutions for optimising the income generation in state-owned SriLankan Airlines.

In a statement, the Ceylon Chamber of Commerce yesterday welcomed the government’s move to liberalise the country’s petroleum sector and its resolve to address both economic and ethnic issues to achieve real progress.

Singer, a household name in the country’s consumer electronics and appliances industry, has announced the launch of the world-renowned ‘Honor’ brand in Sri Lanka.

Arpico Supermarkets are ready to delight their shoppers with amassive discount of

Richardson Outdoor (Pvt) Ltd recently announced the appointment of Anjolie Anne Balakrishnan as its new Chief Revenue Officer.

Sun Match Company, producer of the iconic brand, “Soorya,” has appointed respected Sri Lankan actress Yashodha Wimaladharma as its Brand Ambassador.

The Commercial Bank of Ceylon has significantly expanded trade opportunities for its business clients through the launch of two new platforms, one in collaboration with the International Finance Corporation (IFC) and the other developed independently

People’s Bank Chairman Sujeewa Rajapakse presented the People’s Bank’s Annual Report for the year 2022 to Secretary to the Treasury of Ministry of Finance, Economic Stabilization & National Policies K. M. Mahinda Siriwardana at the Finance Mi

HNB PLC continued to showcase its trail-blazing market leadership in international trade services after being declared Sri Lanka’s ‘Best Service in Trade Finance (Asia Banks)’ and ‘Market Leader in Trade Finance (Asia Banks)’ for 2023 by th

Dr.D. Kumaratunge, former Assistant Governor of Central Bank of Sri Lanka was recently appointed as senior advisor to the Fintech Association of Sri Lanka (FASL).

Union Bank team was recognised for their outstanding performance at the Union Assurance - Union Bank Bancassurance Diamond Awards 2022 held recently.

M Power Capital., one of the corporate finance and investment banking firms in the country, announced the appointment of Lakmal Jayarathne as its new CEO with effect from April 2023.

Cargills Bank reported a profit before tax of Rs. 206 million for the financial year 2022, recovering from a loss before tax of Rs. 369 million in the previous year, driven by robust growth inoperating income that offset erosions due to increased pro

LOLC Holdings PLC has once again proven its unwavering commitment to excellence by clinching the coveted title of “People’s Financial Services Brand of the Year” at the 2023

The Monetary Board of the Central Bank left the key policy rates unchanged at the current levels as financial conditions continue to ease since the government clinched the US$ 3 billion Extended Fund Facility (EFF) with the International Monetary Fun