PMI indicate expansions in manufacturing and services activities in March ’24
Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 62.5 in March 2024, indicating an expansion in …
Industry
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ComBank appoints new Chairman and Deputy Chairman
Commercial Bank of Ceylon PLC has announced the appointment of top international investment banker Mr Sharhan Muhseen as Chairman, and financial services …
CEAT Kelani launches 3 new radial tyre variants
Sri Lanka’s leading pneumatic tyre manufacturer CEAT-Kelani has introduced three new variants of high-performance radial tyres into the market, widening …
Interview: Three questions to Frank Dandy about moving production to Sri Lanka
BLOG SWEDEN SRI LANKA BUSINESS (https://blogg.sslbc.se) Since 2017, Daniel Hörnqvist has been the CEO of the Swedish fashion brand Frank Dandy. When he took …
ComBank breaks new ground in Sri Lanka enabling Alipay QR payments for merchants
The Commercial Bank of Ceylon has opened up a world of new opportunities for Sri Lankan businesses, by becoming the first bank in Sri Lanka to enable Alipay QR …
Fitch Rates Hatton National Bank’s Basel III Subordinated Debt ‘BBB+(EXP)(lka)’
Fitch Ratings has assigned Hatton National Bank PLC's (HNB, A(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of …
ADB partnership strategy 2024-28 for SL to foster sustainable recovery, build resilience, and revive growth
The Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) for Sri Lanka covering the period 2024–2028. The strategy …
Visa sees 35%+ surge in debit card spends; trend expected to continue in upcoming Avurudu season
Visa (NYSE: V), the global leader in digital payments, today announced that Visa debit card spends saw a significant increase of over 35% in the past year, …
CBSL strengthens Business Revival Units in Banks to Support Revival of Businesses
The Central Bank of Sri Lanka issued broad guidelines to licensed banks on 28 March 2024, to further strengthen the functions of already established Post …
CA Sri Lanka’s ‘The Hub’ magazine takes flight in the Middle East to help build economic bridges
Embarking on a journey of connectivity, the Kuwait Chapter of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) ventured into uncharted …
ComBank partners with IFC to develop Supply Chain Financing strategy
The Commercial Bank of Ceylon has announced a collaboration with the International Finance Corporation (IFC) to build a Supply Chain Financing (SCF) strategy …
Thai PM’s Office on fact finding mission at Hambantota International Port
A delegation from the Thai Prime Minister’s office visited the Hambantota International Port (HIP) to explore opportunities and understand how the port …
Sri Lankan Microfinance Bank LOLC opens new branch in Islamabad
The LOLC Microfinance Bank inaugurated its latest branch in the Blue Area of Islamabad. The High Commissioner of Sri Lanka to Pakistan Admiral Ravindra C. …
Dhaka Chamber discusses economic cooperation with Sri Lanka HC
High Commissioner of Sri Lanka to Bangladesh Dharmapala Weerakkody accompanied by Counsellor / Commerce of the High Commission Srimali Jayarathne held a …
ADB approves USD100 Mn Loan to support SMEs in Sri Lanka
The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and …
Union Bank unveils bold new logo in sync with new transformational phase
Union Bank, now partnered by the strength of the global conglomerate CG Corp Global, recently unveiled a new logo that embodies the Bank’s new strategic …
Brantel appointed Partner and Reseller of global networking giant Cisco
Brantel Lanka (Pvt) Ltd., has announced the Company’s appointment as a Partner and Authorised Reseller in Sri Lanka for Cisco Networks, the global leader in …
Ceylon Chamber of Commerce Celebrates 185 Years of Service to Sri Lanka’s Private Sector
The Ceylon Chamber of Commerce, the premier representative of Sri Lanka's private sector, proudly marks its 185th anniversary today (March 25). …
Foreigners Can Now Apply for Sri Lankan Driving License at the Airport
In a significant move to facilitate foreign individuals seeking a driving license in Sri Lanka, State Minister of Transport, Lasantha Alagiyawanna, announced a …
Union Bank appoints Dinesh Weerakkody to the Board
The Board of Directors of Union Bank of Colombo PLC announced the appointment of Dinesh Weerakkody a distinguished banker and financial advisor with vast …