With the completion of Havelock City’s fourth and final phase, the development recently opened a new Roof Garden Play Area with Basketball and Badminton Courts, and a multi-purpose Playground for mini football, roller skating, skateboarding or any

A unique, commemorative publication in celebration of People’s Bank’s 60th anniversary was officially presented by People’s Bank Chairman Sujeewa Rajapakse to Prime Minister Mahinda Rajapaksa, at Temple Trees, recently.

In an effort to enhance the nation’s digital financial landscape in the wake of the COVID-19 pandemic, Sri Lanka’s leading private sector bank HNB PLC recently announced that its secure corporate payment platform ‘PAYFAST’ had recorded over a

Insurer AIA Group Ltd raised its interim dividend this week and posted a jump in first-half new business value, as it recovered from pandemic-led business disruptions in most of its main markets apart from Hong Kong.

For the first time in Sri Lanka, Amana Takaful Life Insurance is offering customisable life insurance plans, with a Gold Fund, a step forward in the life insurance industry of Sri Lanka.

Softlogic Invest, the asset management arm of the Softlogic group, recently celebrated one year of revolutionising Sri Lanka’s investment landscape with its unique and innovative approach to making unit trust funds accessible to a whole new generat

The Colombo Stock Exchange (CSE) evidently had been one of the most preferred options for local corporates of all sizes to raise capital in the first seven months of 2021.

The Cabinet nod has been received to extend the Pure Ceylon Tea Brand Promotion Scheme to the 2021/2022 period, encouraging the exporters to promote their individual brands in their respective markets under the Global Promotion Programme currently be

The Central Bank yesterday stressed that it has not officially asked the banks to devalue the Sri Lankan rupee, although the banks have started selling the US dollars at much higher prices than the official exchange rate stipulated by the Central Ban

The restrictions on liquor sales and the subsequent partial lockdowns, which lasted for a month, had a bearing on Distilleries Company of Ceylon PLC in the quarter ended in June 2021, as the company lost its sales momentum it built through the end of

The COVID-19 Special Provisions Bill, which provides redress to those who borrow funds from banks and investors, was unanimously approved by Parliament with few amendments, this week.

The Cabinet approval has been granted to a proposal to establish rice mills as private-cooperative partnerships across the country and to allow additional rice imports as a solution to exorbitant prices of rice prevailing in the market, despite maint

Sri Lankans will be able to visit Switzerland without any restrictions from September, with the country opening its borders to fully vaccinated travellers.

The Ceylon Chamber of Commerce (CCC) this week urged the government to embrace a more consultative approach in charting the way forward and creating a conducive environment for local business to operate, by forming a national level committee.

The Cabinet of Ministers this week approved the ‘Inclusive Connectivity and Development Project’, which is to be implemented with US $ 500 million financial assistance from the World Bank (WB), with an aim to strengthen the agricultural supply ch

Post COVID-19, Sri Lanka will be in an ideal position for a major pivot away from its old safety net of traditional investments.

The recent move by the government to ensure the availability of fertiliser critical for the country’s agriculture sector is welcomed by all industry stakeholders – including the Regional Plantation Companies (RPCs), which cultivate tea, rubber an

The topic of August 20th Mid Afternoon Chat webinar at 3.00 p.m. conducted by KPMG Sri Lanka Academy will be ‘Ramifications of new tax rules on dividends’.

Institute of Certified Management Accountants of Sri Lanka (CMA Sri Lanka) in association with National Development Bank Investment Bank (NDBIB) will host a Continuing Professional Development (CPD) webinar on ‘Strategic Mergers and Acquisitions fo

Sri Lanka will become the first country to benefit from an IFC global initiative designed to boost access to affordable and quality health-care through digital technology across the region—amid increased demand for services in the wake of COVID-19.

Lanka Sathosa and cooperatives will remain open throughout the country although the government is tightening travel measures to tackle the spread of Covid-19 in the country, Trade Minister Bandula Gunawardena said.

Standard Chartered Sri Lanka won the Credit Card Initiative of the Year – Sri Lanka Award for the bank’s ‘2By20 Campaign on Loan on Card’, at the recently announced Asian Banking and Finance (ABF) Retail Banking Awards 2021.

Another 103 Ceylinco Life policyholders are celebrating the luck of the draw after the life insurance leader presented them with gold worth Rs.5 million under the 14th edition of its ‘Family Savari’ mega promotion.

Amana Bank PLC reported some robust financial performance in the three months to June (2Q21), on improving margins and new loans, albeit the momentum slowed in its fiscal second quarter, due to the virus resurgence.

At its recent International Business Awards for 2021, Dubai-based publication International Business Magazine awarded Fintrex Finance Ltd with the prestigious title of Fastest Growing Finance Company in Sri Lanka for 2021, after an independent survey

Pledging to amplify initiatives to enhance its contribution to the country’s pandemic-burdened healthcare sector and to its members, the Association of Private Hospitals and Nursing Homes (APHNH) elected a new group of leaders at its recent Annual

Mediquipment Ltd, Sri Lanka’s leading biomedical engineering service provider, which specialises in high-end medical imaging technology, announced the introduction of an advanced standard in medical diagnostics with the successful installation of t

The 60th Annual General Meeting of the Sri Lanka Chamber of the Pharmaceutical Industry (SLCPI) was held on August 10, 2021 by virtual means.

My Dentist clinics, the first and only Sri Lankan chain of dental practices, is expanding its footprint with the opening of its new clinics-in-hospitals with Medihelp Hospitals Piliyandala and Homagama and ESESS Healthcare Kadawatha.

The Colombo City Restaurant Collective (CCRC) yesterday called on the government to expedite efforts in vaccinating those below 30 years of age since it is essential for the frontlines to be jabbed when operating during the pandemic.