Widening its geographical footprint, consumer brand and lifestyle products Phoenix has inaugurated a modern showroom in Panadura to offer residents in the area the opportunity to transform their lives with its range of new and functional daily produc

Nescafé was voted as the People’s Hot Beverage Brand of the Year and Maggi was voted as the People’s Snack Brand of the Year at SLIM-KANTAR People’s Awards 2022, reaffirming the love Sri Lankans have for Nestlé products.

The Merrill J. Fernando Innovation Awards – Ecovation – first took place in 2016, seeks to encourage practical or scientific innovation amongst youth, women and men in academia or any field, in designing creative and impactful solutions to our mo

Moody’s Investors Service yesterday warned that prolonged political uncertainty and the resignation of key officials could hinder Sri Lanka’s ability to obtain external financing to repay its sizeable foreign debt, thereby exacerbating the risk o

Dr. Nandalal Weerasinghe, who is expected to take over as the new Central Bank Governor, is likely to grant a 500-750 basis point hike in policy interest rate at the next monetary policy review meeting, in order to stabilise the rupee and curb double

The Treasury bill yields shot up across all maturities, with six-month and 12-month yields rising the most. The Treasury bill yields shot up across all maturities, with six-month and 12-month yields rising the most.

The banking sector has become the latest victim of hours-long daily power cuts, with some banks finding it difficult to keep open their branches and thus deciding to significantly cut down on their opening hours from this week.

President Gotabaya Rajapaksa has appointed Dr. Indrajit Coomaraswamy, Prof. Shanta Devarajan and Dr. Sharmini Cooray to advise the president and provide guidance to Sri Lankan institutions and officials that will engage with the International Monetar

AIA Insurance Lanka yesterday announced the appointment of Chathuri Munaweera as its new Chief Executive Officer (CEO). The appointment will be effective May 1, 2022, subject to approval of the Insurance Regulatory Commission of Sri Lanka.

The Sri Lankan rupee has become the world’s worst-performing currency, surpassing the Russian rouble, according to the UK-based Financial Times.

Asset managers Blackrock Inc. and Ashmore Group PLC are among the top holders of Sri Lanka’s international bonds that form part of a creditor group, as markets prepare for a potential debt restructuring, a source said yesterday.

Sri Lanka’s prospects for progress look bleak going forward, as the Asian Development Bank (ADB) in its latest forecast expects a muted recovery for the country from the COVID-19 pandemics, as its economy is yet to find sustainable solutions to the

The state-run investment promotions agency, the Board of Investment (BOI), yesterday said it inked investment agreements worth of US $ 765 million in the first quarter of this year, with several leading investors doubling the number of agreements sig

edotco Services Lanka (Private) Limited (edotco) recently inked an agreement with Hutchison Telecommunications Lanka (Private) Limited (Hutch) to provide customized ‘build-to-suit’ Multipurpose Smart Street Lamp pole infrastructure services.

Founded by Swedish duo Anna Kalm and Patrik Alm, the Swe-Lankan software development company Ascentic celebrates five years of astounding growth and success.

Dialog Axiata PLC, the first telecommunications service provider in the South Asian region to demonstrate 5G capabilities in 2018, recently demonstrated 2.7Gbps 5G speeds, the highest speed recorded in Sri Lanka, at the official Samsung S22 launch ev

Veracity Group, one of Sri Lanka’s fastest-growing technology services companies has structured itself with new appointments to key leadership roles as well as its four main divisions.

Winsoft Technologies, a leading name as an IT solutions provider in Sri Lanka recently announced its official partnership with a range of world-renowned brands such as MSI, Legion and Gigabyte.

Sri Lanka’s tea industry yesterday said it is in a state of disturbance, as the prolonged shortage of fuel and electricity in the country is disrupting the daily activities in the plantation sector.

Sri Lanka@100, a private sector-led business development platform supported by the U.S. Agency for International Development (USAID), hosted a capacity building workshop in Jaffna in partnership with the Chamber of Commerce and Industries of Yarlpana

Having been aware of the increasingly volatile weather caused by worsening climate change and based on the notion that fishermen have access to basic mobile phones, Dialog partnered with the Department of Fisheries and the Meteorological Department o

The Southeast Asian Leadership Academy (SEALA) is an Asian platform for sharing practical knowledge, leadership tools, mentorship network support and global networks - making them fully available to a new generation of leaders.

In line with globally recommended practices to reduce the dietary risk of non-communicable diseases (NCDs), the Sri Lankan government implemented a traffic-light labelling (TLL) system for sugar-sweetened beverages (SSB) in August 2016.

The United Nations World Tourism Organisation (UNWTO) announced it is now accepting applications for Best Tourism Villages 2022.

Commercial Bank of Ceylon has announced that all customers who open new Arunalu children’s savings accounts or Isuru minors’ savings plans in April and May will be rewarded with a gift, adding further value to the benefits the account holders wil

Ceylinco General Insurance expresses its heartfelt gratitude to the people of Sri Lanka for being crowned the People’s General Insurance Brand of the Year at the 2022 SLIM Kantar People’s Awards, for an unprecedented 16th consecutive year.

HDFC Bank, a leader in housing development finance, has won the Merit award (banking sector) at National Business Excellence Awards 2021.

People’s Bank launched an Affinity credit card for the past pupils of Mahamaya Girls’ College in celebration of the 90th anniversary of the college.

Sri Lanka’s insurance giant Sri Lanka Insurance was awarded as Runner-Up under the insurance category at the 17th edition of the National Business Excellence Awards (NBEA) organised by the National Chamber of Commerce.

HNB Assurance PLC (HNBA) recently opened doors of its new branch in Baddegama.