A latest research conducted by the University of Peradeniya has confirmed locally produced herbal immune booster ‘Praana’ as an ideal immune booster against a broad range of new respiratory viruses and bacteria, including the emerging variants of

oDoc, Sri Lanka’s largest digital health company, has partnered with John Keells Holdings, the nation’s leading conglomerate, to provide access to healthcare services to over 3,000 John Keells Holdings employees.

Spexbay, Sri Lanka’s first-ever online optical store, has expanded its islandwide network once again by opening a branch in Kiribathgoda.

Ruhunu Hospital, a leading healthcare provider based in the Southern province, has collaborated with Citrus Hikkaduwa, which is part of Hikkaduwa Beach Resorts PLC and Hotel J Unawatuna, which is part of the Jetwing Hotels, to open intermediate care

Dr. Lakith Peiris Ph.D. is Managing Director of Hemas Hospitals and is also President of the Association of Private Hospitals and Nursing Homes (APHNH) in Sri Lanka. Dr. Peiris sat down with us to discuss COVID-19, the response to it by the hospital

The government is contemplating on introducing a system to regulate the online trading platforms and bring some of them under its tax regime, Trade Minister Bandula Gunawardena told Parliament yesterday.

The decline seen in the prices of key export commodities and the increase in the prices of imported industrial inputs could add significant pressure on Sri Lanka’s merchandise trade deficit and thereby the overall external sector, which is already

JAT Holdings Limited’s Initial Public Offering (IPO) of 82,904,846 ordinary voting shares by way of a combination of an offer for subscription and an offer for sale at the Colombo Stock Exchange (CSE), which opened yesterday, was oversubscribed on

A proposal to develop luxury water villas that would boost Sri Lanka’s tourism offering received the Cabinet nod this week.

The Financial Intelligence Unit (FIU) of the Central Bank yesterday said it imposed penalties on two banks, amounting to Rs.3.0 million, during the second quarter, for not complying with the anti-money laundering laws.

The dearth of trained medical practitioners and skilled nurses have hamstrung Sri Lanka’s private healthcare sector, which otherwise has a huge upside for faster takeoff with the rising middle-income class and corporate medical insurance schemes.

LOLC Holdings PLC yesterday revealed plans to raise up to Rs.2 billion via an unlisted debenture issue.

Kelsey Developments PLC, a member of the Janashakthi Group and the pioneering real estate developer in Sri Lanka, announced the appointments of two new board members, Air Chief Marshall (ACM) Gagan Bulathsinghala and Arul Sivagananathan, with effect

The International Finance Corporation (IFC) has appointed Hector Gomez Ang as Regional Director for South Asia.

Four tea grades manufactured by Liyonta Tea Factory recorded four top prices in one e-Auction held on July 13 and 14, 2021.

Recently, the ICTA unveiled a credit scoring framework as part of its efforts to support start-ups. Developed in partnership with PwC, the framework helps banks identify the creditworthiness of start-ups that apply for loans.

The Colombo Commercial High Court has issued an enjoining order against four defendants, including popular music artist Santhush Weeraman and Saregama Music (Pvt.) Limited, for allegedly violating the copyrights of the song ‘Me Bajar Ekata Malli’

Moody’s Investors Service (Moody’s) yesterday placed the Government of Sri Lanka’s Caa1 foreign currency long-term issuer and senior unsecured debt ratings under review for downgrade.

The battered tourism industry renewed its call for assistance yesterday with the Sri Lanka Tourism Development Authority (SLTDA) urging the Central Bank of Sri Lanka (CBSL) to offer further relief until some form of revival can be witnessed.

Sri Lanka’s banks have been suspended from declaring cash dividends until the financial statements for the year ended December 2021 are finalised and audited.

Oil producing nations have agreed to increase their output, with the aim of reducing prices and easing pressure on the world economy.

Canwill Holdings (Private) Limited, a joint venture company established to develop Grand Hyatt Colombo project has received fresh capital infusion to the tune of Rs.2.0 billion from Sri Lanka Insurance Corporation (SLIC), its largest shareholder.

Citing several challenges that has arisen due to the pandemic, Sri Lanka’s insurance industry players are preparing to seek a deferment on the transition to the new IFRS standard for insurance contracts—IFRS 17— which is scheduled to come into

Sri Lanka’s merchandise exports topped US$ 5.5 billion in the first half of the year with June earnings reaching a three-month high, flirting with the US$ 1 billion mark, according to Sri Lanka Customs data compiled by the Export Development Board

The active trading strategy and the short-term outlook adopted as a result of high volatility in the equity market have made Asset Trust Management (Pvt) Ltd.’s flagship unit trust fund Astrue Alpha a clear winner in terms of returns to investors.

The Commercial Bank of Ceylon has announced that itswebsite, now an indispensable tool for millions of customers and information seekers, has been re-launched as a trilingual resource, with a series of cutting-edge enhancements.

Seylan Bank has joined hands with PayHere to empower Sri Lankan small businesses with online payments. This strategic partnership allows the new merchants to join PayHere with any local bank account.

Established in February 2014 with a vision to provide clients with innovative and customized solutions in corporate finance, M Power Capital (MPC) is celebrating seven years of hard won success and growth.

National Development Bank PLC (NDB Bank), Sri Lanka’s 4th largest listed bank was recently recognized as one of the 40 Best workplaces in Sri Lanka by the independent analysts at Great Place to Work in Sri Lanka.

Governments need to focus on long-term policy responses to address inequality and vulnerability in face of shocks like the COVID-19