SLASSCOM yesterday welcomed the proposals put forward with regard to the IT-BPM industry by the Finance Minister in his National Budget 2022 speech.

The incumbent government set out the path for reviving the post-COVID-19 economy in its 2022 national budget this week.

DFCC Bank, one of the premier commercial Banks in Sri Lanka, in its path towards securing a resilient nation through the facilitation of equitable and inclusive economic growth, seeks to comprehensively utilise one of the largest credit lines of US $

The initial public offering (IPO) by Lanka Credit and Business Finance Limited (LCBF), which successfully closed on October 26, 2021, within minutes of opening amidst strong investor interest, is set to debut for secondary market trading on the Colom

Sanasa General Insurance Company has restrengthened its corporate business development unit and the inauguration ceremony was held at the Sanasa Life insurance company auditorium earlier this month.

Jeevan Gnanam, initiator of the HatchX: Sri Lanka’s pioneer fintech accelerator, was recently honoured by awarding the Global Academy of Finance and Management (GAFM)’s Certification - Master Fintech Professional, for his contributions towards th

LOLC Al-Falaah has yet again secured three top awards at the recently concluded 10th SLIBFI (Sri Lanka Islamic Banking and Finance Institutions) Awards 2020/21.

People’s Bank marked yet another milestone in its award-winning, industry-leading digital transformation journey with the recent launch of People’s Pay Mobile Payment Wallet app.

Commercial Bank of Ceylon has become the first bank in Sri Lanka to deploy EMV 3DS fraud prevention technology in collaboration with Visa for authenticating payments made by credit, debit and pre-paid cards issued by the bank.

Sri Lanka expects to reduce its fiscal deficit to 8.8 percent of the gross domestic product (GDP) in 2022, down from the estimated 11.1 percent deficit in 2021, as the maiden budget of Finance Minister Basil Rajapaksa looked to cut expenses and intro

Open-source technology provider WSO2 announced that the company has closed US $ 90 million in financing from client vehicles advised by Goldman Sachs Asset Management Private Credit.

The management of Tokyo Cement Company (Lanka) PLC recently laid the foundation for a factory expansion project in Trincomalee, to increase its manufacturing capacity by a further one million MT.

As Sri Lanka continues to fall short in fetching tax revenues, the government yesterday announced several measures to firm up the tax administration.

The government plans to initiate talks with foreign parties to obtain green bond financing facilities to fund green ongoing projects, to meet the country’s climate commitments and to achieve the Sustainable Development Goals.

Finance Minister Basil Rajapaksa yesterday revealed the plans to recover Rs.8.5 billion from the alleged perpetrator of the bond scam, Perpetual Treasuries, via a budget proposal.

The Special Goods and Services Tax (GST), which was in the budget last year but wasn’t enforced due to the economic downturn caused by the virus resurgence, is set to come into force from January next year.

Eyeing a Rs.254 billion boost in the tax income, the government yesterday proposed to levy a one-off 25 percent surcharge on large companies, 3 percent increment on VAT charged on banks and financial services providers and a new social security levy

Perera and Sons (P&S) donated a reverse osmosis (RO) plant to the dialysis unit of the Trincomalee District Base Hospital.

WNPS’ Accelerated Natural Regeneration of Mangroves (ANRM) project was launched with the goal of regenerating the damaged mangrove habitats in the Anawilundawa wetlands and building sustainable livelihoods in the surrounding communities.

The People’s Bank Officers’ Association, as part of the bank’s ongoing social responsibility initiatives to mark the 60th anniversary of People’s Bank, donated medical equipment to the intensive care unit (ICU) of the Sirimavo Bandaranaike Sp

To enhance the cooperation and friendship between China and Sri Lanka, the China Foundation for Peace and Development (CFPD) donated epidemic prevention materials to the Pathfinder Foundation (PF) to help Sri Lankan people in their battle against the

Honourable Speaker, 1.1 I present today the 76th Budget of the independent Sri Lanka. This is the second budget of the government of His Excellency the President Gotabaya Rajapaksa and my maiden budget speech as the Minister of Finance. Honourable

As the livelihood of the masses have been impacted due to fraudulent business activities of individuals and institutions seeking illicit profits, the government yesterday said its “fight against those unjust traders has not come to an end”.

Sri Lanka expects to reduce its budget deficit to 8.8 percent of the Gross Domestic Product (GDP) in 2022, down from the 11.1 percent deficit estimated for 2021.

Employees attached to the public sector will be allowed to serve for longer periods with the retirement age proposed to be increased to 65 years.

Efforts will be taken by the government to uplift the agriculture sector so that more agri-businesses will be established in the country.

Open-source technology provider WSO2, today announced that the company has closed $90 million in financing from client vehicles advised by Goldman Sachs Asset Management Private Credit. The flexible capital solution will be used to accelerate WSO

The Central Bank and the commercial banks gave the government Rs.110 billion in September on a net basis, little lower than what the government borrowed a month ago as the debate is raging if the liquidity injections by the Central Bank to the govern

Sri Lanka’s MAS Holdings yesterday announced that one of its subsidiaries, MAS Brands, which owns and operates the retail lingerie business under the brand amanté, was acquired by Reliance Retail Ventures Limited, a subsidiary of India’s Ambani-

The pandemic related restrictions in place during the second half of the quarter ended in September (3Q21) had a substantial bearing on both revenues and profits of Ceylon Tobacco Company PLC (CTC), the interim financial accounts released to the Colo