DFCC Bank, the premier commercial bank in Sri Lanka, announced the signing of a memorandum of understanding (MoU) with JAT Living to offer an exclusive home loan scheme to customers that purchase properties at ‘146 Residencies’, an enchanting res

People’s Merchant Finance PLC (PMF), aligned to its new turnaround strategy and to continue its vision of catering to the diverse financial needs of all Sri Lankans, launched the Navodhaya entrepreneurship loan scheme recently, taking a responsible

Commercial Bank of Ceylon, a leader in tech-based banking products and services, recently won the Banking and Financial Services Category Award presented by the Sri Lanka Association for Software Services Companies (SLASSCOM) for its case study on ro

Amana Bank PLC accelerated growth in loans, resulting in higher interest incomes and profits in the three months to September, as the country’s sole Islamic bank delivered robust financial performance in the period in lockstep with the rest of the

The Volkswagen Beetle Owners’ Club held the 24th and 25th Annual General Meeting on October 30th at the Marco Polo Room of the Excel World, Colombo under strict Covid regulations.

Sri Lanka’s sector recorded an all-time high earning for any October in the country’s export history, with October 2021 fetching a revenue of US $ 1.16 billion.

Lanka Impact Investing Network (LIIN) has entered into a partnership with World University Services of Canada (WUSC) to implement a two-year project to build a storytelling platform for micro, small and medium-level entrepreneurs in Sri Lanka.

CVS, one of the largest pharmacy chains in the US, is planning to close 900 shops over the next three years. That represents nearly a tenth of its outlets.

The acceptance of contactless LANKAQR payments at the manual toll collection (MTC) gates on the expressway was facilitated by the CBSL and Nations Trust Bank (NTB) through FriMi, in partnership with the Road Development Authority (RDA).

C W Mackie PLC, a highly diversified publicly listed trading company in the country, has paid a first and final dividend of Rs.7 per share (dividend payout 89 percent), amounting to Rs.251.92 million, out of the profits for the year ended on March 31

TBWA\Sri Lanka, the ‘Disruption’ company, has been awarded the title of Sri Lanka’s Agency of the Year for 2021, in Campaign Brief Asia’s creative ranking.

Unilever PLC has agreed to sell its global tea business to CVC Capital Partners for 4.5 billion euros (US $ 5.1 billion), concluding a process of reviewing and spinning off the division that took more than two years.

The Tourism Ministry announced yesterday that added measures would be taken to ease passenger congestion at Bandaranaike International Airport (BIA), Katunayaka, by deploying more public health inspectors (PHIs), an effort towards minimising the like

The fifth phase of the Nestlé Coconut Plan was launched on November 10 in Aranthalawa, Maha Oya, where 1,000 more farmers and outgrowers were presented with 5,000 hybrid coconut plantlets and organic fertilizer.

A memorandum of understanding was signed recently between the Department of Social Services and Nutrinnovate Lanka Private Limited to provide healthy meals to the people with slow intellectual development, living at Jayaviru Sevana Home, Puwakpitiya,

A mother gave birth to six babies in Sri Lanka on October 21st, and is said to be the country’s first-ever case of sextuplets and recorded as the nineteenth case worldwide.

The Buddhist Society of the Board of Investment of Sri Lanka made their annual donation for the 07th consecutive year to Apeksha Hospital in Maharagama recently.

Huawei has announced that it will donate CNY 1 million worth of vocational skills exam vouchers to 2,000 female STEM students from hundreds of application-oriented undergraduate universities and secondary and higher vocational schools in China.

The local export sector crossed the US$ 1 billion mark for the fifth time this year with October fetching an export revenue of US $.1.16 billion.

Access Engineering PLC reported some robust financial performance in the three months to September as the group rode on construction, infrastructure development and the real estate sector ascent which got off defying the pandemic induced challenges t

Softlogic Holdings PLC reported strong top line in the three months to September supported by its multiple business lines, helping the company return to a net profit as the group’s retail, telecommunication, healthcare, information technology and f

Oil prices slid to six-week lows yesterday as China said it was moving to release strategic reserves after a Reuters report that the United States was asking large consuming nations to consider a coordinated stockpile release to lower prices.

A surge in container shipping rates poses a threat to the global economic recovery, with small countries dependent on deliveries by sea expected to be hardest hit by a spike in import prices, U.N. agency UNCTAD said yesterday.

PGP Glass Ceylon PLC reported lower profits in the three months to September as the company saw impaired revenues in both domestic and export markets,

The government was called on by Confederation of Micro, Small and Medium Industries Sri Lanka (COSMI) to refrain from experimenting economic theories and models on the business community,

Sri Lanka’s crippled tourism sector that is struggling to stay afloat is “very disappointed” in the statement made by Finance Minister Basil Rajapaksa and feels “hammered down” by the government especially at a time when some stimulus is ne

In an apparent attempt taken at dovetailing the fiscal policy for next year with the monetary policy, which is increasingly getting skewed towards more tightening with foreign exchange challenges and inflationary pressures, the budget presented last

Douglas and Sons (DSL), a pioneer in importing and distributing auto parts, tyres, batteries, agricultural equipment and industrial parts, announced that Continental, a brand for which it is the official distributor in Sri Lanka, recently celebrated

A member of the Stafford group, Spectrum Trading Company (Pvt.) Limited, the authorised distributor and sales dealer for several sought-after spare parts and automotive accessory brands in Sri Lanka, opened its first retail outlet in Panchikawtatte r

Sathosa Motors (Pvt,) Ltd recently opened its latest branch in Dambulla, where anyone can buy all genuine spare parts for any vehicle under Isuzu brand.