The Board of Directors of Union Bank of Colombo PLC announced the appointment of banker Priyantha Fernando as Deputy Chairman of the Bank.

HNB, recently acknowledged as the ‘Best Retail Bank in Sri Lanka’ for the ninth year by the ‘Asian Banker’, officially opened its newest customer centre – HNB Cinnamon Gardens Customer Centre at Barnes Place, Colombo 7.&

The Islamic Business Division (IBD) of Commercial Leasing & Finance PLC (CLC), the newest addition to the Islamic banking and finance industry has won the Gold Award for the ‘Emerging Islamic Finance Entity of the Year 2016’. 

Newly appointed Finance Minister Mangala Samaraweera assumed duties yesterday at the Finance Ministry sans an official ceremony, something rare in Sri Lankan politics

His vision is to establish a Global Recycling Village in Sri Lanka utilizing state-of-the-art technology from around the world. The idea might seem far-fetched to many but for Indhra Kaushal Rajapaksa it is a very vivid dream that has slowly but sure

Taking the local manufacturing and production to the next level, Denmark’s Universal Robots, which entered the country in 2016, expressed its plans to further expand to different sectors in Sri Lanka. They said that they are expecting to sell o

The Can-Sur-Vive Trust of Sri Lanka in collaboration with the Jetwing group will conduct ‘Can-Sur-Vive’ (Apekshawaka Udawak) corporate social responsibility (CSR) programme for the sixth occasion on June 4, 2017 at 8:00 a.m., at Lanka Hos

The 126th library of Seylan Pahesara was successfully developed and handed over to the students of J/Imaiyaanan G T M Vidyalam in the Jaffna District. 

Premium sleepwear label Mackly will launch its first collection of ladies’ sleepwear together with its latest children’s collection with a runway event at Park Street Mews on 18 June. Mackly’slineup of 

Nestlé Lanka’s popular beverage and mega nutritious energy brand Milo, that has been associated with school sports at grassroot level for three decades and been an inspiration to kids, has won the 

The government plans to build a hybrid energy park consisting of 240 megawatt (MW) of wind power and 800 MW of solar power plants in Punarin.

People’s Merchant Finance PLC (PMF), a unit of state-owned People’s Bank, has sold a 108 perch property it owned in Nawam Mawatha, Colombo 2, to its parent for a consideration of Rs.1.04 billion with the approval of the Central Bank. 

Sri Lankan bureaucrats and economists are currently undergoing training on how to better negotiate free trade agreements (FTAs) and set up effective trade policies at the Miloda Academy of Financial Studies, under an International Trade Centre (ITC)

REUTERS: Sri Lankan shares edged up from a one-week low yesterday as foreign investors bought shares in blue chips such as John Keells Holdings PLC, with turnover hitting a five-week high.

NEW DELHI: India and Japan will join hands to set up a US $ 250 million liquefied natural gas (LNG) import terminal in Sri Lanka, the first collaboration between the two to counter China’s growing influence in the island nation.    &n

Sri Lanka’s new Ports and Shipping Minister Mahinda Samarasinghe yesterday said he would appoint a qualified person with updated knowledge on the maritime sector as the Sri Lanka Ports Authority (SLPA) Chairman.

Pizza Hut is the only international restaurant chain to open 50 outlets in Sri Lanka. 

Sunhill Group recently opened the 7th addition to the Sunhill chain of hotels in Hotel Road, Mount Lavinia. 

Career banker Thimal Perera will be joining DFCC Bank PLC next month as the Deputy Chief Executive-Designate, a disclosure by the bank to the Colombo Stock Exchange stated.

Most development experts agree that small and medium-sized enterprises (SMEs) can be effective at reducing inequality and promoting economic growth.

Bileeta, a company with an award-winning Enterprise Resource Planning (ERP) solution, hosted customers to a B2C event focusing on the company’s product portfolio and unique offering. 

The government will soon bring in new laws to control profit-motivated imports in a bid to encourage exports, Prime Minister Ranil Wickremesinghe said yesterday.

A group of senior officials from the Colombo Port City Development project met the transport master plan team of the Western Region Megapolis Project to discuss the ongoing study on light rail transit (LRT) lines and its connectivity to the Port City

Sri Lanka’s first insurance Comparison web platform www.insureme.lk has partnered with HSBC Sri Lanka to offer affordable motor insurance covers to the bank’s credit card customers.

The Advocata Institute, a think tank based in Colombo, has launched an essay competition on the topic of ‘What economic freedom means to me’.

Huawei, the leading smartphone brand in Sri Lanka recently introduced the Huawei GR5 2017 Premium edition to the Sri Lankan public. 

Responding swiftly and strongly to the statement made by Central Bank Governor Indrajit Coomaraswamy, with regard to the apartment development industry, the stalwarts of the industry have stated that it was irresponsible and damaging.

The city of Colombo was well admired by the father of modern Singapore Lee Kuan Yew in 1950s, for having the best infrastructure, stone-faced buildings and greener environment and with the visionary leadership and sheer commitment he transformed Sing

Amãna Bank has received confirmation from IB Growth Fund (Labuan) LLP, a subsidiary of the Islamic Corporation for the Development of the Private Sector (ICD), to participate in the Bank’s forthcoming rights issue. 

In an effort to become a force to reckon with in the Sri Lankan market, Intex Technologies, a leading Indian mobile handset and consumer durables major, has entered into a strategic partnership with the island country’s top business conglomerat