The 12th Annual General Meeting of the Association of International Schools in Lanka Inc. (AISL) was held recently at Waters Edge Colombo.

Aislaby Estate managed by Malwatte Valley Plantations PLC, once again established an all- time record price of Rs.1, 060 per kg for a FBOPF1 grade, in the Uva High category at the weekly auction held on 01st March.

Well known corporate personality and the past Chairman and former Trustee of Colombo Club Sega Nagendra has passed away.

The start-up company Universal Green Solutions, (UGS),which is focused on providing waste management solutions, is currently in the process of developing a waste converting machine to be deployed in Sri Lanka.

With the aim to provide added convenience along digital banking, the Bank of Ceylon-Wadduwa moved to its own building at a new location recently.

Daraz Sri Lanka recently partnered with Nations Trust Bank (NTB) to introduce the first-ever co-branded credit card in Sri Lankain collaboration with Mastercard.

Amana Bank PLC saw its December quarter performance languishing in the three months to December 31, 2021 (4Q21) due to the pressure coming from the rising funding cost but the bank defended its margin amid the robust growth in advances during the yea

Seylan Bank launched ‘Seylan Accelerate,’ a new age product with a distinct bundle of features, tailored to support those who aspire to uplift their lifestyle. Seylan Bank’s goal is to establish a platform assisting their financial requirements

Amid the on-going conflict between Russia and Ukraine where Western nations have imposed sanctions on Russian banks, Ceylon Tea exports to Russia and Ukraine, which account for 10 percent of the country’s tea exports, have come to a grinding halt.

The government has decided to extend visas of 15,456 Russian and Ukrainian tourists in Sri Lanka for a period of two months free-of-charge due to the on-going conflict between Ukraine and Russia.

The Cabinet nod has been given to transfer over 111 acres of land to State-owned National Paper Company Limited on a 30-year lease to restart operations of the country’s second oldest paper mill Embilipitiya paper factory as a joint venture with Ko

United Arab Emirates (UAE)-based OQ Trading Limited owned by the Government of Oman has won a long-term contract to supply 1.8 million barrels of petrol (92 Octane) for a period of 8 months.

China Machinery Engineering Corporation (CMEC) has secured a bid to design, supply and install transmission lines and sections under the Package No.04 of the Asian Development Bank (ADB) funded US$ 119 million ‘Supporting Electricity Supply Reliabi

IFC has appointed Lisa Kaestner as the new Country Manager for Sri Lanka and Maldives.

Moving further away from the policy of promoting organic agriculture, the government has decided to import 38,500 MT of muriate of potash fertiliser and to distribute among paddy farmers under the government’s fertiliser subsidy programme for the

Sri Lanka plans to develop one of the seven islands in the North as a duty-free hub in collaboration with a group of Indian investors, Northern Province Governor Jeevan Thiyagarajah said.

The foreign exchange crunch and the drop in local harvest weighed on the performance of Ceylon Grain Elevators PLC as the company saw its revenues decline and costs escalate in the three months to December 2021 (4Q21) prompting it to curtail producti

Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) yesterday requested the government to provide continuous power for export industry factories as production is getting interrupted due to the ongoing power cuts.

A ribbon cutting ceremony was held marking the official reopening of Avani Bentota Resort to the public and beckoning a new age in post-pandemic travel.

Air France KLM Martin Air Cargo Sri Lanka (AFKLM Martin Air Cargo SL) concluded its annual Customer Awards Evening on a high note, at a glittering event held at Shangri-La Hotel, Colombo.

The 68th Annual General Meeting (AGM) of Skal International was held recently at Ramada in Colombo and Travel Talk Asia Managing Director Sk Dinushka Chandrasena was re-elected as President for the year 2022, with World Link Travels Managing Directo

The Sri Lanka Association of Inbound Tour Operators (SLAITO) has expressed its delight over the launch of the new train service from Kandy to Ella on a daily basis.

Vallibel Finance PLC reported some solid financial performance for the three months ended on December 31, 2021, providing a glimpse into how the mid-sized non-bank financial services sector had broadly performed in the final three months of 2021, whe

HNB Assurance PLC (HNBA), a leading life insurer in the country, recorded an impressive growth of 29 percent for the fiscal year 2021 in terms of gross written premium (GWP), recording Rs.7.1 billion.

Sri Lanka’s largest retail bank Hatton National Bank PLC’s Islamic banking business celebrated a decade of successful operations under the Al Najaah brand.

The 12th branch of Lanka Credit and Business Finance PLC LCB) was declared open in Akuressa amidst a gathering of distinguished invitees and prospective customers, which is the eighth branch established in the Southern province.

Ceylinco Life has retained its market leadership in Sri Lanka’s life insurance sector for the 18th consecutive year, with gross written premium income growing by 15.8 percent to Rs.25.565 billion for the 12 months ending on December 31, 2021.

The Sri Lanka Institute of Directors (SLID) recently launched its Young Directors Forum (YDF) with the aim of grooming young talent to take up positions in the boardrooms of corporate Sri Lanka as well as in the public sector/State-Owned Enterprises.

Directors of M/S Zeitgeist based in Lahore, Pakistan a well-established high quality garment export company recently visited the Board of Investment of Sri Lanka with the objective of exploring opportunities for investment in Sri Lanka in the apparel

The 114th birth anniversary of Deshamanya N.U. Jayawardena, Senator, first Sri Lankan Governor of the Central Bank, and financier, was commemorated by the staff members of MMBL-Pathfinder and the Pathfinder Foundation.