Hemas Holding PLC has divested its entire stake in its sub-subsidiary Spectra Logistics (Pvt.) Limited for Rs.1.27 billion to GAC Logistic (Private) limited.

In a major step towards supporting the private sector in Sri Lanka amid a significant economic downturn, IFC yesterday announced the issuance of its first-ever rupee-denominated bond in the country.

State-owned National Savings Bank (NSB) has successfully raised Rs.11.54 billion via an unlisted rated redeemable senior debenture issue, through private placement.

Top business cycle economist and senior banker Dr. Kenneth de Zilwa has been reappointed as Chairman of the Financial System Stability Consultative Committee (FSSCC) of the Central Bank, with effect from October 6, 2021, by the newly-appointed Govern

Sri Lanka braving through the present economic challenges and getting on the recovery track would require the government to focus on ensuring the resources are equally distributed throughout society in the 2022 budget and make sure the effort is at t

Industrial production, which measures the country’s manufacturing firepower, added a little bit more strength in August, as the apparel sector gained steam with manufactures ramping up production amid strong order books.

Ceylon Hotels Maldives (Pvt.) Ltd, a unit of Sanjeev Gardiner-controlled Ceylon Hotels Corporation PLC (CMHL), has decided to divest its 50 percent stake in the joint venture (JV) resort project located on the island of Ambara, in Vaavu Atoll, in the

The Central Bank of Sri Lanka (CBSL) yesterday announced its decision to permit the failed non-bank financial institution Swarnamahal Financial Services PLC (SFSP) to resume business for a limited purpose, on a conditional basis.

The Cyber Security Agency of Singapore (CSA) launched its new SG Cyber Safe Partnership Programme at the Singapore International Cyber Week (SICW) 2021 where leading global ICT provider Huawei is one of the ‘Advocate’ partners.

MillenniumIT ESP announced it became a certified member of the Pure Storage Partner Programme and will now provide Pure Storage’s All-flash Enterprise Storage solutions to its customers in Sri Lanka.

The Sri Lanka Association for Software Services Companies (SLASSCOM) announced its plans to host the latest edition of its annual conference, titled ‘Digital Genesis’, on October 27th and 28th.

Virtusa Corporation has announced the commencement of phase two of NeuralHack Season 5 - its premier talent hunt initiative.

Sri Lanka’s startup acceleration programme, Venture Engine, will soon wrap up its submissions phase, with applications set to close on October 22.

edotco Services Lanka (Private) Limited (edotco) unveiled its 400th smart lamp pole on October 12th at the Mahindaramaya Temple premises at Sri Lanka Nippon Ave, Sri Jayawardenapura Kotte in the presence of Chamika Ranasinghe, Director Finance of edo

The World Trade Center, Colombo, Sri Lanka’s best business address, installed the most advanced technology Water Cooled Centrifugal Chillers with extremely high operational efficiency to improve the HVAC System.

Despite the fluctuating economic and business conditions, some companies with a strong Sri Lankan heritage possess the ability to sustain a pioneering legacy of innovation and dynamism into the future.

Award-winning construction entity, International Construction Consortium (ICC) has extended their hassle-free rental management service to their latest project, Oceanfront Condominiums, Galle to pave the way for investors to reap the benefits of the

John Keells Properties (JKP) has partnered with HNB Islamic Banking to offer a Sharia-compliant financial solution for customers looking to invest in their upcoming TRI-ZEN residential development in Colombo.

Sri Lanka has been voted as one of ‘The Best Countries to Travel to’ by the Conde Nast 2021 Readers’ Choice Awards.

The Sri Lanka Tourism Development Authority (SLDTA), which came under harsh criticism for not having the required systems in place to welcome tourists, as highlighted by a US traveler identifying as George, released a statement to set the record stra

Carmart (Pvt.) Ltd, the official agent of Peugeot Cars in Sri Lanka, will provide a one-stop solution for selected European car owners in Colombo.

Kia Motors Lanka Limited has announced the appointment of Andrew Perera, the company’s Chief Operating Officer (COO), as Managing Director, in which capacity he will provide continuing leadership to the company’s and Kia brand’s next phase of g

David Pieris Motor Company (Pvt.) Limited (DPMC) ventured into the four-wheeler tyre segment recently, with the introduction of America’s iconic Atlas brand passenger car radials (PCR)/truck and bus radials (TBR).

In the august presence of Indian Foreign Secretary Shri Harsh Vardhan Shringla, High Commissioner of India to Sri Lanka Shri Gopal Baglay and senior officials from the External Affairs Ministry, Government of India and High Commission of India to Sri

There is a greater likelihood for the Central Bank to maintain the current monetary policy stance at today’s monetary policy meeting—which will be announced tomorrow, given the damage caused to the economy in the third quarter by the prolonged lo

The Court of Appeal has issued a writ of mandamus against the Secretary to the Treasury and the Compensation Tribunal to pay the Seylan Bank PLC a sum of Rs.96.6 million over a mortgage loan granted under the Revival of Underperforming Enterprise or

The government plans to increase fuel prices based on a suitable methodology following discussion with the Finance Ministry, Ceylon Petroleum Corporation (CPC) and other key stakeholders.

As many as 75 People’s Bank customers, who collected their Western Union money transfers via People’s Bank during the months of March, April and May, were selected as winners at a draw held at People’s Bank head office, in Colombo 2.

In an effort to bring in some excitement to the lives of the customers of NDB Bank during these uncertain times, Dimuth Karunaratne – Sri Lanka Test Cricket Captain and the bank’s Brand Ambassador, personally joined with NDB to conduct the video

Supporting customers by opening up a world of opportunity, HSBC has further enhanced its flagship Premier proposition by reintroducing Premier Mortgage Loans at an attractive introductory five-year fixed interest rate of 7 percent p.a.