Third Space Global Sri Lanka, the only company offering online education on a large scale, inaugurated its new office in Colombo on 15th October, with the lighting of the traditional oil lamp by the senior management.

Marking a new milestone, the Colombo Stock Exchange’s (CSE) benchmark index All Share Price Index (ASPI) yesterday closed over the 10,000-point mark for the first time in its history, driven by high participation of local retail investors.

Port City Colombo, the largest and most ambitious development project ever undertaken in Sri Lanka, with an initial investment of US $ 1.4 billion,

Pushing back on the claims that the recent bout of inflation is caused by the unprecedented liquidity injections made into the system, the Central Bank said it had recognised the need to shrink its treasury bill holdings in a methodical manner, witho

The board of directors of the third airline operator in Sri Lanka, Fly Lankan Asia Limited, has unanimously chosen Dr. Arosha Fernando,for the post of Chief Executive Officer (CEO) of the company.

The vehicle import ban, which has been in effect since March last year, is expected to remain in place at least in part in the near term, although there are expectations that some mechanism would be created to relax the controls by the government, co

Tourism Minister Prasanna Ranatunga has instructed the authorities to expedite the implementation of a special promotion programme targeting five major countries to attract more tourists to Sri Lanka.

Vallibel Finance PLC delivered a yet another robust financial performance for the three months to September 2021, as the licensed finance company continued to defy the pandemic-induced pressures and the prolonged ban on vehicle imports as loans grew

Oil prices climbed yesterday, extending pre-weekend gains to hit multi-year highs as global supply remained tight amid solid fuel demand in the United States and elsewhere in the world as economies pick up from coronavirus pandemic-induced slumps.

The spread between Sri Lanka’s market lending and deposit rates had already been widening in the run-up to August, a trend which only got more pronounced from the rate hike in the latter part of that month, sending the lending rates higher much fas

JAT Holdings PLC recently announced the appointment of Gaurav Jain as the company’s new Director International Business Development.

Teejay Lanka PLC has announced the appointment of Masaru Okutomi, Chairman and CEO of Pacific Textile Holdings Limited of Hong Kong, as a Non-Executive Director of the company, with immediate effect.

Bespoke luxury fashion brand Kelly Felder yesterday announced that it would become the first major brand in the country to accept crypto currency through the 10-year-old, leading blockchain payment provider BitPay. “As the digital age evolves, we

Magicbit, an easy-to-use STEM education platform, announced that it has raised US $ 120,000 in its pre-seed financing round led by Sri Lanka’s Angel Fund.

National Development Bank PLC (NDB) has made a significant contribution to the digital arena by providing new and innovative solutions with every step. In this journey towards a digitally enhanced bank, NDB becomes the first bank to implement digital

Bringing together smart transportation and smart banking at Sri Lanka’s first multimodal transport centre, Transport Minister Pavithra Wanniarachchi and Nations Trust Bank (NTB) Chief Executive Officer and Director Priyantha Talwatte inaugurated th

DFCC Bank, the premier commercial bank in Sri Lanka, was recently awarded as having the Best Digital Wallet Sri Lanka, at Global Banking and Finance Awards 2021, organised by the Global Banking and Finance Review magazine, attesting to its continued

Generation Next Communications Sri Lanka (Genxt Sri Lanka) has renewed its contract as the Apple Authorised Distributor (AAD) in Sri Lanka for the year 2021/2022.

Sri Lanka’s most innovative private sector bank HNB PLC once again consolidated on its reputation for banking excellence at International Finance Awards 2021, bagging the Best Retail Bank and Best SME Bank awards in the banking category.

Singer (Sri Lanka) PLC, the country’s premier consumer durables retailer, has been appointed by TCL, one of the world’s leading technology companies, to offer cutting-edge smartphone and tabs for the Sri Lankan market.

Military simulation training software developer SimCentric Technologies (Pvt.) Ltd strengthened the company’s information security with the ISO 27001:2013 certification for information security management.

As the information communication technology (ICT) industry transforms, in an effort to make progress in the new era treating talent as the industry’s most important resource, Huawei Sri Lanka recently opened the Huawei ICT Academy Innovation Lab in

Fashion brand Kelly Felder today announced its move to accept cryptocurrency via leading blockchain payment provider BitPay.

Sri Lanka’s nautical tourism comes under fresh focus today with the launch of the first-ever virtual boat show in the country.

Sri Lanka’s Balance of Payment (BOP) deficit, which could hit the highest on record this year, eased slightly in August after the direct investments received through the first six months were counted as an inflow with a long lag.

Sri Lanka’s Board Of Investment (BOI) is confident of surpassing US$1 billion mark in foreign direct investment (FDI) quite comfortably in 2022 with large inflows of several big-ticket projects—excluding Colombo Port City—are in the pipeline to

While some have welcomed the recent removal of price controls on selected essential goods in an attempt to address supply shortages, a top economist pointed out that low income earners are impacted disproportionately by the price adjustments as the g

State borrowings from the Central Bank and commercial banks rose substantially during August, notwithstanding the easing from a month earlier caused due to the billion-dollar bond repayment in July.

Although outstanding credit balances advanced only a little in August, robust demand prevailed for private sector credit, which also encompassed the spending made via credit cards, the data showed.

CIC Holdings PLC maintained the momentum it gained during the pandemic, as the diversified conglomerate delivered strong revenues and profits across its multiple business units in the three months ended in September 2021 (2Q22).