Softlogic Holdings PLC has proposed to raise Rs.2.0 billion via rated commercial papers as the company looks to refinance most of its debt given its heavy debt reliance for expansion and acquisitions.

Sri Lanka’s fuel crisis will end soon with the government’s decision to purchase 225,000 MT of oil under 90-day credit lines sought from several countries, Energy Minister Gamini Lokuge told Parliament yesterday.

Dialog Axiata PLC, the first telecommunications service provider in the South Asian region to demonstrate 5G capabilities in 2018, announced the breakthrough achievement of becoming the first in South Asia to successfully trial the 5G Standalone (5G

Sri Lanka’s sudden devaluation of the local currency and imposition of import limits on hundreds of items is likely to disrupt value chains and push up consumer prices that are already sky high, analysts and retailers warned.

Sri Lankan born entrepreneur Ermila Jayasuriya-Curtis has made it to the list of FT 1000 Europe’s Fastest Growing Companies in 2022 for her award-winning brand ‘Winter in Venice’.

Private sector stakeholders of the tourism industry raised fresh concerns yesterday on the aggressive push by the regulatory body to bring in a new Tourism Act, which entails sections that are controversial and pave the way for poor transparency.

Standard Chartered is collaborating with global multi-dimensional women’s fund, Women Win, through its NGO partner in Sri Lanka, SERVE, to launch ‘Shaktheen’ – a women empowerment programme aimed to revive the livelihoods of working women in

Sandra De Zoysa, the first female Chairperson of SLASSCOM and Group Chief Customer Officer of Dialog Axiata PLC, was the recipient of National Vanitha Abhimana Award 2022 for the corporate and professional sector: information technology. The event wa

Satynmag.com, Sri Lanka’s leading women’s magazine in print since 1998 and totally online since 2013, has announced a global partnership with one of India’s most vibrant women entrepreneurship ecosystems, Catalyst for Women Entrepreneurship (CW

MAS Holdings paid tribute to the exceptional contributions of its female employees across multiple countries, recognising their inspirational performances in achieving excellence within the organisation and in their communities, at the company’s 14

LOLC Finance, Sri Lanka’s largest non-banking financial institution (NBFI), unveiled ‘Swairee’, a Visa Platinum credit card designed exclusively for nation’s career women to achieve their desires through innovative financial solutions and tru

A special ceremony was organised by People’s Bank on the International Women’s Day under the patronage of People’s Bank Chairman Sujeewa Rajapaksa and Chief Executive Officer/General Manager Ranjith Kodituwakku, at the People’s Bank head offi

HNB General Insurance Limited (HNBGI), a leading general insurance service provider in the country, recorded an impressive growth of 13 percent surpassing the industry’s growth rate of 2.8 percent, posting a gross written premium (GWP) of Rs.5.6 bi

Alliance Finance PLC, one of the oldest and largest finance companies in Sri Lanka with a countrywide branch network, recently signed the agreement with OpenArc Systems Management (Pvt.) Ltd to launch BankFair.lk, the digital banking solution for cus

Merchant Bank of Sri Lanka & Finance PLC (MBSL) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) on March 4, to celebrate its 40th year anniversary.

NDB recently held its Annual Retail Banking Awards as a dual awards ceremony for the years 2020 and 2021 in order to recognise the bank’s top achievers in the retail banking sector.

Merchant Bank of Sri Lanka & Finance PLC (MBSL) recently signed an agreement with Affiniti Innovations to implement the Affiniti delinquency management system to streamline, automate and improve the receivable management functions of MBSL.

The Sri Lankan Rupee depreciated to the highest point in history today reaching Rs. 249 against the US Dollar.

The payment holidays on loans of the pandemic-affected borrowers and other relief afforded to them during the pandemic, which were extended a few times, will expire effective from April 1 and specific instructions to banks in this regard will be issu

Sri Lanka has limited imports of 367 non-essential items, including fish, footwear and wine, the finance ministry said yesterday as the South Asian country attempts to tackle its worst financial crisis in years.

The benchmark one-year Treasury bill rate surpassed 10.0 percent at the bill auction held yesterday, first time since the Central Bank raised its key policy rates last week, hitting more than a three-year high.

National carrier SriLankan Airlines said it would continue its routes to and from Russia while Western sanctions and geopolitics have made the Russian airspace turbulent.

U.S. President Joe Biden signed an executive order yesterday requiring the government to assess the risks and benefits of creating a central bank digital dollar, as well as other cryptocurrency issues, the White House said.

Determined to expand its global footprint, Softlogic Holdings PLC is actively looking to foray into Bangladesh across diverse sectors.

Sri Lanka’s forerunner in steel manufacturing and export, Ceylon Steel Corporation Limited (Lanwa), recently laid the foundation for two state-of-the-art production facilities for steel and roofing sheets, at the Lanwa Sanstha Industrial Precinct i

Sri Lanka’s painful decision to effectively devalue its currency this week could pave the way for the island nation to get help from the International Monetary Fund (IMF) as a US $ 1 billion debt payment looms in four months.

National carrier SriLankan Airlines has rolled out its biggest marketing effort yet by sponsoring the world’s biggest female adventure challenge ‘Raid Amazones’.

Wizz Air Abu Dhabi, the ultra-low-cost national airline of the UAE, has launched an exciting new route from Abu Dhabi to Mattala, Sri Lanka.

The Lavender House in Pussellawa is the latest addition to Reveal The Collection. This beautifully designed colonial style bungalow comes together with the hill country charm to create a luxurious holiday haven for travellers looking to get away from

The fast progressing Colombo Port City will see the addition of an aquatic airport, Tourism Minister Prasanna Ranatunga said.