With the aim of providing a seamless digital banking experience to its customers, People’s Bank upgraded its Gelioya Service Centre into a fully-fledged branch and ceremonially opened it to the public on October 11th, making it the 363rd People’s

National Development Bank PLC has always been dedicated to providing exemplary services to all their customers be it individuals, corporates or institutions.

A new paradigm life insurance product that offers protection as well as wealth accumulation with an emphasis on the latter has been launched by Ceylinco Life, raising the bar for investment options in Sri Lanka’s financial services sector.

UB Finance Co. Ltd. a subsidiary of Union Bank of Colombo PLC successfully concluded a rights issue to raise approximately Rs. 2 billion to strengthen the company’s balance sheet and meet the revised capital thresholds set out by the Central Bank.

Since time immemorial, chronicling memories have been second nature to human beings. Memories may be inspiring or debilitating, pleasant or painful – however, they are most importantly, powerful.

NDB, as a bank that is always at the forefront of digital innovation, has introduced yet another first in Sri Lanka, in the form of a new mobile banking platform titled NDB NEOSBiz, specially targeted at Small and medium-sized enterprise (SME) busine

Capital Alliance (CAL), Sri Lanka’s leader in capital markets services, has entered into an investment and partnership agreement with Bangladesh’s BetaOne Investments Limited to enter merchant banking in Bangladesh.

People’s Bank Thalathuoya service centre was ceremoniously declared opened by People’s Bank Chairman Sujeewa Rajapakse and Chief Executive Officer/General Manager Ranjith Kodituwakku, at its new location recently.

Bank of Ceylon (BOC) is proud to announce being appointed as the settlement bank by LankaClear, for its inter-bank US Dollar Online Payment System (USD Online) and US Dollar Draft Online Image Transfer System (UITS). This selection was made through a

Yamuna Kelaniyan Godage has been appointed as Consultant Non-Motor of SANASA General Insurance Co Ltd, with effect from October 2021.

Although the government faces an uphill task in managing public finances amid significant decline in the tax revenues caused by pandemic-induced restrictions, it is unlikely to introduce major changes to its current tax policy, which has remained low

Returning to its originally set target at the beginning of the year, the Central Bank last week said it expects to end the year with a total private sector credit growth of Rs.850 billion, which translates to a robust 14 percent growth over last year

An employee attached to Fonterra Brands Lanka (Pvt) Ltd. has sent a Letter of Demand to the company claiming Rs.1000 million as damages for terminating her employment under the false claim of redundancy.

The Central Bank is expected soon forward a proposal to the government for consideration, urging to explore the possibility of resuming car imports paid via foreign exchange as vehicle imports remain suspended for 18 months, exerting pressure on the

Lanka Corrugated Carton Manufacturers Association (LCCMA) has requested the Colombo Stock Exchange (CSE) to delay the upcoming initial public offering (IPO) of Ex-Pack Corrugated Cartons (Pvt) Ltd until the company rectifies the alleged inaccurate in

Despite the lockdowns, both manufacturing and services activities expanded in September from a contraction in August indicating that economic activities have mostly adjusted to operate safely under the guidelines, although rising global commodities p

While commending the government’s decision to allow imports of nitrogen-based fertilizer for the tea industry, the Planters’ Association of Ceylon (PA) called for the distribution to be fast-tracked in order for the tea sector to immediately reco

Verité Research hosted the online discussion themed ‘Steering out of the Debt Crisis: Recipe for Budget 2022’ on October 14th.

The Sri Lanka Association for Software Services Companies (SLASSCOM) has embarked on yet another pioneering initiative, this time to achieve its goal of social transformation, creating an impact through technology, by launching the SLASSCOM Foundatio

The Sri Lanka Export Development Board (EDB) Advisory Committee on Ornamental Fish Exports was established on October 12th, and the first meeting was held via Zoom under the patronage of Trade Minister Bandula Gunawardane.

MTI Consulting has just completed an assignment to independently review possible repercussions and opportunities for Pakistan’s economy in case it decides to accede to WTO’s Information Technology Agreement (ITA).

One consignment of potassium chloride fertiliser arrived on September 14, presumably to be applied for the paddy sector. The potassium chloride is not an organic material. However, the input materials approved for organic farming need not only be org

In his novel published in 1891, tiled ‘The Light that Failed’, Rudyard Kipling wrote the phrase ‘biting the bullet’ to express the thought that fortitude can be gained by ‘biting a bullet’! As things are, should the President and governme

Sri Lanka’s macro-economic outlook amidst the COVID-19 pandemic came under the spotlight at a webinar panel discussion held on October 11, to mark the release of the IPS’ flagship report ‘Sri Lanka: State of the Economy 2021’.

Commercial Bank of Ceylon Minors’ savings account holders can enjoy exclusive discounts of up to 20 percent on books and stationery at any Sarasavi Bookshop islandwide until the end of August 2022, under an exciting benefit unveiled by the bank for

Sampath Bank stepped up its efforts to emphasise and encourage the habit of saving amongst all Sri Lankans with the roll out of a host of rewards and benefits through its annual ‘Thrift Month’ savings promotion drive.

As the COVID-19 pandemic delivered a massive hit on the local labour market, the government going forward should urgently look at improving and expanding access to social security for employees and employers, the Institute of Policy Studies (IPS) sai

The Court of Appeal has ordered to set aside a decision made by the Divisional Secretary of Hanguranketha to award a sum of Rs.14 million as compensation for a land acquired from the co-owners of Joansland Estate, in the Nuwara Eliya district and hel

Commercial Bank of Ceylon has become the first bank in Sri Lanka to link the Import and Export Control Department (IECD) to a digital platform with LankaPay, enabling customers to pay their licence fees to the department conveniently, without having

The budget for 2022 is scheduled to be presented in Parliament on November 12 and the final vote on budget is set on December 10.