On Tuesday, Sri Lankan authorities presented a formal request for debt treatment during the first meeting of the official bilateral creditors committee, as stated by the Paris Club. The committee, co-chaired by...
Read moreOver 3.3 million applicants are eligible President Ranil Wickremesinghe has issued directives for the implementation of the "Aswesuma" welfare benefit payments, which are set to commence on July 1st. The necessary gazette...
Read moreThe Ministry of Foreign Affairs has announced that the 25th Session of the Joint Commission between Sri Lanka and the European Union (EU) will take place on May 9th, 2023 at the...
Read moreLast week, the largest capacity crawler crane in Sri Lanka was unloaded at Hambantota International Port. The crane, with a...
The Sri Lankan government has been granted approval by the Cabinet of Ministers to enter into discussions with the World Bank for a loan of US$ 200 million for the purpose of...
Read moreOn Friday, the World Health Organization (WHO) announced the end of COVID-19's global emergency status, over three years since its original declaration. The agency declared that countries should now manage the virus,...
Read moreThe Director of Asia & Pacific Department of the International Monetary Fund (IMF), Krishna Srinivasan, recently commented on Sri Lanka's potential to achieve prosperity through sustainable debt management, primarily by effectively implementing...
Read moreLAUGFS Gas, a leading LP Gas provider in Sri Lanka, has announced that it will not be increasing the prices of its LP Gas products despite the recent increase in gas prices...
Read moreIn a bid to create a business-friendly environment in the country, the Presidential Secretariat has organized 54 institutions that provide investor facilitation services under seven Task Forces on the directives of President...
Read moreOn Monday, China Merchants Group, a state-owned firm in China, announced its intention to increase its investment in Sri Lanka to $2 billion by constructing a significant logistics hub. This investment aims...
Read moreState Minister of Finance Ranjith Siyambalapitiya announced that the Inland Revenue Department (IRD) has exceeded its revenue targets in the first quarter of the year, generating a total revenue of USD 316...
Read moreAfter several years of hiatus, the Galle Literary Festival is set to make a grand return in January 2024. The event, which aims to promote the tourism industry, will feature a series...
Read more
The report titled “E-commerce: A Driver of Inclusive Growth in Sri Lanka?” was presented to His Excellency President Ranil Wickramasinghe on 26 April 2023. The Managing Director of Daraz Sri Lanka Mr. Rakhil Fernando, the co-authors of the report, Dr. Ganeshan Wignaraja...
Link Natural, a subsidiary of the CIC Group, has partnered SriLankan Airlines, the national carrier, to introduce Link Samahan, a trusted herbal drink, as an onboard beverage choice. Link Natural is a leading manufacturer and marketer of herbal healthcare and herbal personal...
The nation’s leader in knowledge-driven communications, Adfactors Public Relations Lanka crossed another significant milestone with the opening of its expanded Parkway Building premises in the Park Street Mews neighborhood. Entering its 9th year of operations, the Agency has emerged as Sri Lanka’s...
Hayleys Solar, the renewable energy arm of Hayleys Fentons, has completed phase 1 of the grid-tied rooftop solar PV system for Emjay International (Pvt) Ltd, a leading apparel manufacturer. This project covered Emjay’s manufacturing facilities located at Karandagolla, Kurunegala, and Panwila, Kandy....
Pursuant to the enactment of the Securities and Exchange Commission (SEC) of Sri Lanka Act No 19 of 2021 (New SEC Act), the Stockbroker rules of the Colombo Stock Exchange (CSE) and the Central Depository Systems...
Read more
As part of its efforts to revive the country's struggling economy, Sri Lanka has recently implemented a comprehensive economic reforms agenda. One of the flagship projects of this initiative is the establishment of a National Productivity...
Read moreAadaraya Ceylon, a leading sleepwear and intimates brand, is excited to announce the opening of its first-ever flagship store in Ward Place, Colombo 07. The store showcases the brand's latest range of sleepwear,...
Read moreSupport MSMEs restart and revitalize with up to 52-days credit period Direct payment facilities to suppliers lacking card acceptance Single platform to manage all B2B transactions Empowering MSMEs and driving digital transformation at the grassroots, Sri Lanka’s most digitally savvy bank HNB...
Posts robust income growth; operating cost management Total operating income up 74% to Rs. 4.28 b Profit Before Tax up 156% to Rs. 206 m; Profit After Tax up 276% to Rs. 488 m Cargills Bank has reported a profit before tax...
Sri Lanka’s No.01 bank, Bank of Ceylon recently inaugurated “BOC Gammana- Mandaramnuwara” a pioneering and ambitious rural development initiative under the auspices of the Bank’s Chairman President’s Counsel Mr. Ronald C. Perera and General Manager/ CEO Mr. Russel Fonseka. DGM Branch Operations...
The CFA Society Sri Lanka is to host a knowledge-sharing webinar in association with Dialog Enterprise under the theme “ChatGPT: Exploring the Buzz, the Evolution and the Prospects in Finance and Investments” on Tuesday, 4th April 2023 3.00 p.m. to 4.30 (SL...
On Tuesday, two cruise ships, the MS Europa 2 and MS Azamara Quest, arrived at Hambantota International Port (HIP) with more than 900 passengers disembarking to visit popular tourist destinations in the South. The visitors had the...
Read moreSteps to select 100 of the best athletes to represent each sports event and provide them with the necessary facilities...
Read moreOn Friday, the World Health Organization (WHO) announced the end of COVID-19's global emergency status, over three years since its original declaration. The agency declared that countries should now manage the virus, which has killed over 6.9 million people, alongside other infectious...
Preparations are underway for the historic coronation of King Charles III and Queen Consort in London. Despite forecasts of rain, large crowds have already begun gathering along the procession route. With over 100 heads of state set to attend, a significant security...
The guardians of the global economy are meeting at the International Monetary Fund (IMF) this week to discuss a daunting set of challenges – slowing global growth, banking sector vulnerability and growing calls for multilateral reform. Alongside the IMF’s annual spring meetings...
Huawei released its 2022 Annual Report today. The company reports steady operations throughout 2022, having generated CNY642.3 billion in revenue and CNY35.6 billion in net profits. Huawei continues to strengthen investment in R&D, with an annual expenditure of CNY161.5 billion in 2022,...
Copyright © 2020
Business Studio
Powered by Rani CS
