Most accountholders have sought to obtain the Taxpayer Identification Number (TIN), following the government’s decision to increase the withholding tax rate from 5 percent to 10 percent, effective from April 1, a senior official attached to the Inl

Sri Lanka Insurance Life (SLIC Life) has been assigned an ‘A+(lka)’ National Insurer Financial Strength (IFS) Rating by Fitch Ratings, with a Stable Outlook.

Polestar (Lanka) Garments Ltd, a unit of China’s Lianfa Group, has signed an agreement with the Board of Investment (BOI) to invest US $ 5.08 million in a new export-oriented garment manufacturing facility, the BOI announced yesterday.

The ASPI closed in red as a result of price losses in counters such as Hatton National Bank, Sampath Bank and C T Holdings with the turnover crossing Rs. 2.3 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional inve

Building on the previous day’s sentiment, activity in the secondary market remained muted, resulting in low trading volumes.

IGT 1 Outsourcing Lanka (Private) Ltd, hereafter referred to as ‘IGT 1 Lanka’, the subsidiary of IGT Holding I Sweden AB, and sister company of IFS Sri Lanka, recently signed an agreement to officially on-board as office tenant at the Business Ce

Alumex PLC has reaffirmed its commitment to driving excellence in supply chain management by partnering with the Institute of Supply and Materials Management (ISMM).

DFCC Bank has introduced the DFCC Rataviru Account, a remittance-linked savings account designed to support Sri Lankans working abroad and their families back home.

Hatton National Bank PLC (HNB) has partnered with The Kingsbury Hotel to introduce seamless digital payment solutions across all its restaurants. This collaboration allows diners to make payments effortlessly using SOLO or any LankaQR-enabled app, el

SANKARAA Tech hosted ‘SANKARAA Connect’, the first Oracle NetSuite event in Sri Lanka in over five years—marking a significant return to in-person industry engagement since the pandemic.

People’s Bank recently inaugurated its Kompannavidiya Service Centre at a new, state-of-the-art location, enhancing accessibility and customer experience.

Pan Asia Bank announced its exceptional performance at the Best Management Practices Company Awards 2025, hosted by the Institute of Chartered Professional Managers (CPM). The bank was recognized with three honours, reaffirming its commitment to inno

Sri Lanka must urgently accelerate digital adoption across its public sector to achieve its US$ 15 billion digital economy target by 2030 with experts cautioning that niche branding alone won’t help the country to remain competitive in an increasin

Lanka India Business Association (LIBA) announced that it will launch the first-ever online business advisory service that will connect business advisors in India directly to businesses in Sri Lanka (members of LIBA). One of the most pressing challe

Union Bank in collaboration with the University of Moratuwa (UoM) and the National Innovation Agency (NIA) embarked on a milestone collaboration to partner the National Entrepreneurship Development Programme (NEDP) to upskill and uplift SMEs.  The f

At the 44th AGM of the Free Trade Zone Manufacturers Association held on 28th March at Jetwing Colombo Seven, Dhammika Fernando was re-elected as the Chairman, and M. H. Z. M. Marzook was elected as the General Secretary for 2025/2026. Fazal Abdeen a

SDB bank recently hosted the SDB bank Annual Business Awards to honour and appreciate the outstanding contributions of its employees for their remarkable performance in 2024.

Technomedics International Pvt Ltd., has been recognised yet again for its outstanding service and contribution to the medical industry. The company shone with two awards at the recently held CPM International Management Conference. The Best Managem

Prime Residencies PLC has commenced the construction of ‘One Tangalle’, an ultra-luxurious boutique development in southern beachfront living. The official ground breaking ceremony for the project took place on April 26, in the presence of homeow

In line with the fuel price revision by the Ceylon Petroleum Corporation (CPC), Lanka Indian Oil Corporation (LIOC) and Sinopec Energy Lanka (Private) Limited have decided to reduce fuel prices, effective from tonight.

There will be no price revision for LAUGFS Gas domestic cylinder refills in May, LAUGFS Gas Director and Cluster CEO Dr. Niroshan J. Pieries said.

The Ceylon Petroleum Corporation (CPC) has announced a fuel price reduction, effective from midnight today.

The Colombo Stock Exchange (CSE) concluded today’s trading session on a negative note, with the All Share Price Index (ASPI) closing just below the 15,800 level.

The Commissioner General of the Inland Revenue Department (IRD) today denied a report circulating on social media claiming that April 30 is the last date for individuals subject to withholding tax (WHT) on interest income, but without taxable income,

The number of Taxpayer Identification Number (TIN) registrations at the Inland Revenue Department (IRD) has reached 11 million, but most of the TINs have not been issued to the respective individuals.

Polestar (Lanka) Garments Ltd, a subsidiary of China’s Lianfa Group, has signed an agreement with the Board of Investment (BOI) to invest $5.08 million in a new export-oriented garment manufacturing facility.

Sri Lanka may still be on the road to recovery, but its steps in correcting long-standing policy failures are now being recognised where it matters most—by key international lenders.

Alliance Finance Company PLC (AFC) has listed its green bond on the Luxembourg Stock Exchange and the Luxembourg Green Exchange, following its initial listing on the Colombo Stock Exchange in February 2025.

Emirates and the Sri Lanka Tourism Promotion Bureau (SLTPB), at the Arabian Travel Market 2025, renewed their partnership aimed at further developing the country’s tourism and trade industries. The partnership was sealed through a Memorandum of Und