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).

The upcoming mega Port City Colombo project, Sri Lanka’s first multi-services special economic zone (SEZ), will bring significant positive effects to the economy, where the new legislation and the implementation of the proposed plans will bring ove

Symbolising its role as the National ICT Solutions Provider and committed to lead Sri Lanka towards the next phase of its digital revolution, SLT-Mobitel laid the foundation stone for Mobitel’s technologically advanced new headquarters building in

Making Global Goals Local Business (MGGLB) Sri Lanka hosted by Global Compact Network Sri Lanka will be held virtually this week (October 27th and 28), bringing together the largest and most diverse line-up of speakers over ten sessions.

Jason Avanceña appointed Managing Director of Nestlé Lanka PLC effective October 1, and will lead Nestlé’s operations in Sri Lanka and the Maldives. He takes over from former Managing Director, Fabrice Cavallin, who moved to Switzerland as par

In its latest rating review carried out in September 2021, Fitch Ratings Sri Lanka has affirmed Amana Bank PLC’s National Long Term Rating at BB+, with a Stable Outlook, thereby maintaining the bank’s rating profile, which was upwardly revised in

Seylan Bank, the Bank with a Heart, has added to the innovative customer-centric features on its website with the Seylan My Brochure – E-Brochure Portal.

Leading online payment gateway Webxpay announced a milestone partnership with Australia’s Department of Foreign Affairs and Trade (DFAT) to significantly expand access to digital payments for Sri Lankan micro, small and medium enterprises (MSMEs).

Janashakthi Insurance PLC announced that 50 members of its sales team have been qualified for the MDRT (Million Dollar Round Table) as per the United States membership criteria, which is the premier most form of international recognition bestowed upo