Avurudu is the festive season that all Sri Lankans wait for, regardless of ethnicity. Apart from kavum, kokiss and games in the sun, what most Sri Lankans wait for are the excellent savings and offers to be had during Sri Lanka’s most festive s

With the International Women’s Day only a few days away, the time to ‘Be Bold For Change’ is now – and what better way to take that big leap towards ultimate financial freedom and parity than finally taking charge of your own

Fitch Ratings has affirmed Ceylon Dollar Bond Fund’s international fund credit quality rating at ‘B+f’ and fund market risk sensitivity rating at ‘S5’. The fund is managed by Ceylon Asset Management (CAM).

Sri Lanka is currently facing its worst drought in four decades and it could well derail the country’s ambitious agenda for fiscal consolidation and squeeze the growth by at least a percentage point in 2017, warns Moody’s Investor’s

The proposal to refurbish and double the capacity of Sri Lanka’s only refinery in Sapugaskanda will draw in US$ 2 billion in financing, the country’s petroleum minister said this week.

The Norwegian Government Pension Fund Global has invested US $ 65 million in Sri Lankan stocks in 2016, compared to US $ 31 million in the previous year, a Royal Norwegian Embassy statement said.  “The increase in investments is mostly a r

REUTERS: Sri Lanka has approved reforms to make loss-making state firms more efficient and put them on a path towards autonomy, in line with International Monetary Fund (IMF) conditions for a US $1.5 billion loan, an official document showed.  

Despite the country’s Finance Minister Ravi Karunanayake charging that the Central Bank violated the law in past issuances of treasury bonds, the Central Bank yesterday in a statement stressed it has always complied with the relevant law when i

The Central Bank called on banks and investment houses to submit proposals for the appointment of lead managers/book runners for the US$ 1.5 billion international sovereign bond issue that will take place this year. Institutions that have acted as le

A tourist travels in a double-decker bus in Colombo on March 2. The number of foreign tourists visiting Sri Lanka has swelled since the island ended a 37-year separatist conflict with Tamil Tiger rebels in May 2009 (AFP Photo)

The Rotary Club of Colombo West (RI District 3220 Sri Lanka & Maldives) held the Rotary Club weekly members’ luncheon meeting at the Galadari Hotel recently.

Dairy sector is one of the important sectors of the national economy that has high potential for improving the livelihood and income levels of poorer segments in the society whilst fulfilling the nutritional requirements of the population. 

With a strong economic growth during the last decade and transforming from rural based agriculture industry driven economy to a service-driven more urbanized economy, Sri Lanka is looking to become a middle income country.  It’s been 7 yea

The biggest Tuk-Tuk Polo event in Sri Lanka, which was organized by Lakderana Investment Ltd took place on the 25th and 26th of February. Lakderana Investment Ltd is a subsidiary of Fairway

Jaguar Land Rover’s renaissance continued today with the launch of the Velar, the fourth member of the 47-year old Range Rover family. In a further show of support for the British car industry,

Amana Takaful PLC (ATL) was reaffirmed ISO 9001:2008 certification for both its General and Family (Life) Takaful businesses as part of its endeavor to continuously provide high service standards

As part of its long-term sustainability and CSR drive, DFCC Bank recently launched a commemorative staff tree-planting initiative where a tree is planted to celebrate each and every staff 

The summer season witnesses HSBC Colombo Fashion Week celebrating its 14th year since inception and being one of the most celebrated fashion showcases in the sub-continent

Sri Lanka Telecom PLC released its Group and Holding Company Financial Results for the year ending 2016, which revealed a healthy revenue growth by 8.5% and profits up by 28.6% 

Ceylinco Insurance PLC, which runs Sri Lanka’s market-leading life insurance business based on gross written premiums (GWPs), recorded earnings of Rs.87.19 a share or Rs.2.3 billion for the December quarter (4Q16), up 38 percent year-on-year (Y

The Sri Lankan government is currently inquiring whether the joint venture proposed to be formed with the Indian government with regards to the Trincomalee oil tank farm could be doubled in size, Sri Lanka’s petroleum minister said.

REUTERS: Sri Lanka’s consumer prices rose 6.8 percent in February from a year earlier, accelerating from the previous month’s 5.5 percent increase under a revised base year and market basket, data from the Census and Statistics Department

 President Maithripala Sirisena urged the financial sector and other stakeholders to work towards sustainable development in the country. 

Colombo Dockyards PLC (DOCK), a unit of Japan’s Onomichi Dockyard, managed to cut down its net losses to Rs.75.78 million from Rs.1.09 billion year-on-year (YoY) through lower sales costs for the quarter ended December 31, 2016 (4Q16), the inte

REUTERS: The Sri Lankan rupee ended firmer for a fourth straight session yesterday as greenback sales by exporters and banks outpaced importer dollar demand, dealers said.

Carbon Consulting Company CEO Sanith de S. Wijeyeratne has been conferred the prestigious Global CSR Leadership Award at the recent Global Awards ceremony hosted at the Taj Land End Convention Centre in Mumbai. 

REUTERS: Sri Lanka is seeking higher bids to restructure its state-owned loss-making airline, the finance minister said on Monday, after three short-listed firms failed to give “sizable” bids.

The Development Lotteries Board (DLB) recorded successful financial achievements in 2016 with a recorded 25 percent increase in sales revenue over the previous year and a pre-tax profit increase of over 20 percent, a DLB statement said. 

The Commercial Bank of Ceylon recently hosted the bank’s top customers and business partners in the United Arab Emirates, a country with an expatriate Sri Lankan population estimated at 300,000. Popular Sri Lankan artistes Bhathiya, Santhush an

 In its continued efforts to bring the best in Medical care to the citizens of Sri Lanka, the Medicare 2017 national healthcare exhibition has once again tied up with Asiri Hospitals as the platinum sponsor.