HNB Finance PLC, a unit of the Hatton National Banking group, yesterday entered into a trade to acquire the controlling stake of Prime Finance PLC from Prime Lands Private Limited, in a Rs.2.1 billion deal.

The Colombo Stock Exchange has formally approved the initial public offering (IPO) of Hela Apparel Holdings Limited, the holding company of Hela Clothing Group, with the offer set to open on Wednesday, January 12, 2022.

The initial public offering (IPO) of Co-Operative Insurance Company Limited, through an offer for subscription of 166,750,000 ordinary voting shares, at a price of Rs.3.60 per share, which opened yesterday, was oversubscribed on the initial day itsel

The Asian Development Bank (ADB) has entered into an agreement to invest up to US $ 80 million (in Sri Lanka rupee equivalent) in John Keells Holdings PLC (JKH) to boost the country’s food value chain and promote economic growth and job creation.

Merchandise exports recorded the highest monthly exports value in history in October 2021, as the export earnings were recorded at US $ 1.2 billion, up 40.4 percent year-on-year (YoY), which also marked the fifth consecutive month of above US $ 1 bil

Team Futurecasters, representing 10 university talents among the 18 young Sri Lankan university talents, who recently took part at Huawei Seeds for the Future, became the winners of the Tech4Good project in their class group, among the student teams

Microsoft has extended its Cloud Skills Challenge in Sri Lanka through Microsoft Learn — a free, online training platform that provides hands-on, interactive learning for products and services within the Microsoft ecosystem — to help community me

Innovative technology company 99x announced the launch of Hacktitude, an inter-university hackathon geared at grooming young talent to be industry-ready upon graduation, by exposing them to technical challenges that drive participants to develop prod

Sysco LABS Sri Lanka, the innovation arm of Sysco Corporation, a Fortune 500 company and the global leader in foodservice, hosted PerfUp, a new initiative and the first in a series of virtual panel discussions to showcase the best minds in software a

TrustVault, one of Sri Lanka’s most trusted cybersecurity consultancies, will be cementing its international presence by launching branches in the United Kingdom and Canada.

NCINGA (Pvt.) Ltd, one of Sri Lanka’s leading IT solution providers, continues to advance the emerging markets in the telecommunications industry, acting as a powerful force behind the Infrastructure development of Telecom Fiji in the Fiji islands,

Sri Lanka’s first cable car project is gearing up to kick off soon and will reach completion within 18 months from the date of receiving all approvals, the Sri Lanka Tourism Development Authority (SLTDA) said.

LB Finance (LBF) was recently honoured for its pioneering work around business model innovation at the FITIS Digital Excellence Awards 2021.

GRI recently acquired specialty tyre company Protyre in the Baltics. With the acquisition of Protyre in Estonia, and together with its previous acquisition of Nortire, GRI has now strengthened its position to service material handling, agriculture,

Fitch Ratings last week joined the list of global rating agencies to downgrade Sri Lanka’s sovereign rating for the second time in an year on the mounting concerns of a debt default in the coming months due to razor-thin external reserve buffers, w

ICRA Lanka Limited asked the government to seek the assistance of International Monetary Fund (IMF) as the measures thus far put in place by the Central Bank and the government to alleviate the brewing foreign exchange crisis have been proven counter

The Central Bank in a statement issued on behalf the government refuted the sovereign rating downgrade by Fitch Ratings on multiple counts calling the action was, “reckless”, and said the claims of an increased probability of a debt default in th

Hemas Holdings PLC has announced the appointment of Prabhash Subasinghe to its director board as an Independent Non-Executive Director with effect from January 1, 2022.

Expolanka Holdings PLC is among the four Sri Lankan stocks in iShares MSCI Frontier and Select EM ETF, managed by BlackRock Fund Advisors accounting for over one percent of the fund.

The Tokyo Cement Group recently commissioned operations of the newly expanded capacity at the Tokyo Cement Colombo Port Terminal in a soft opening ceremony.

The Cabinet memorandum to offer concessions on the electricity bills for tourist accommodation providers is expected to be taken up at the Cabinet meeting today. While the memorandum was previously referred to the Cabinet, the possibility of extendin

Ceylinco Life has been voted the ‘Most Popular Service Provider’ in Sri Lanka’s Life Insurance industry in an online survey conducted by LMD to assess satisfaction levels of customers in the backdrop of the COVID-19 pandemic.

The Commercial Bank of Ceylon has retained its long-established status as the highest-ranked bank in the ‘Business Today’ ranking of Sri Lanka’s best-performing companies in 2020-21 and is placed third in the overall ranking this year, which fo

The general public will be required to carry their Covid-19 vaccination cards when entering public places from the new year, according to the Ministry of Tourism.

Credit rating agency ICRA Lanka said consumer prices, which hit nearly a decade high last month, indicate that the economy might have entered an era of higher prices and the trend could persist in the next few months, proving that it is no longer tra

The IPO of software solutions provider hSenid opened on December 3, 2021 and was oversubscribed in a matter of hours, receiving over Rs.9.3 billion worth of applications from 10,602 applicants, for a total subscription of 745,014,900 shares, against

Stressing the strong and deep-rooted ties between the UAE and Sri Lanka, Dubai Vice President, Prime Minister and Ruler Sheikh Mohammed bin Rashid Al Maktoum recently visited the Sri Lankan pavilion at Expo 2020 Dubai along with President Gotabaya Ra

The UK has signed a free trade deal with Australia, which it says will benefit consumers and businesses. It is described as the first post-Brexit deal negotiated from scratch and not “rolled over” from trade terms that the UK enjoyed while in the

Australian authorities yesterday rushed to track down hundreds who attended a Taylor Swift album party in Sydney last week that has become a super-spreading event as cases in the country hit a new pandemic high for the second straight day.

The Colombo Stock Exchange (CSE) announced the following changes in the S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2021 year-end index rebalance.