LankaPay unveils new strategic direction to strengthen regional presence
LankaPay, the National Payment Network of Sri Lanka, has embarked on a new strategic vision, aimed at reinforcing its position within the region and …
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Dialog enterprise becomes VMware sovereign cloud provider in South Asia
Dialog Enterprise, the corporate ICT solution arm of Dialog Axiata PLC, announced it has become a VMware Sovereign Cloud Provider in South Asia. The …
CEAT Kelani debuts new locally-made Truck Bus Radial for transport sector
A new high-performance premium commercial vehicle tyre has begun rolling off the production line at CEAT Kelani Holdings, Sri Lanka’s largest …
CSE to conduct full day of trading from Disaster Recovery site
The Colombo Stock Exchange (CSE) is to conduct a planned full day of trading from the Disaster Recovery site using Automated Trading System Disaster …
3 ways to make social protection work for Sri Lanka’s poor and vulnerable: WB
One-fourth of Sri Lankans are living in poverty, yet more than 50% are not covered by social protection schemesFragmentation and poor governance have …
Port City Colombo undertakes coral reef conservation amid environmental challenges
Port City Colombo, which extends from the Central Business District of Colombo, showcases a profound commitment to environmental preservation through …
CMTA raises concerns about disparities in import regulations and policies
The Ceylon Motor Traders Association (CMTA), one of the longest standing automotive associations in South Asia, has recently raised concerns …
Bank of Ceylon Implement Sri Lanka’s First Private Cloud with KBSL, VMware & HP Enterprise
Bank of Ceylon (BOC), the nation’s leading banking provider, recently completed the deployment of the country’s first-ever private cloud in …
“Top50” Professional and Career Women Awards 2023 spotlights inspiring women
The highly anticipated “Top50” Professional and Career Women Awards 2023, organized by Women in Management (WIM) in partnership with Women in …
Premier praises British Envoy’s efforts to promote UK-Sri Lanka ties
Prime Minister Dinesh Gunawardena thanked the outgoing High Commissioner of the United Kingdom Sarah Hulton for her persistent efforts to strengthen …
SLBA calls for government engagement to facilitate debt recovery process
The Sri Lanka Banks Association (SLBA) has urged policymakers to engage with commercial banks via the Central Bank of Sri Lanka (CBSL) to ensure a …
Role of alternative financing mechanisms to address Sri Lanka’s debt overhang
By Imesha Dissanayake The common path followed by almost all IMF member countries in response to sovereign debt crises in recent decades, is to enter …
BNI National Conference in Colombo honors members at awards ceremony
BNI Sri Lanka – the local branch of the world’s largest referral networking organisation, BNI (Business Network International) - is celebrating …
Dairy Association holds AGM: Call on fostering agreements, aligning goals, and mobilising industry
The fourth Annual General Meeting of the All Island Dairy Association (AIDA) was recently held at the Ceylon Chamber of Commerce premises in Colombo. …
Emirates announces key appointments for its Sri Lanka & Maldives operations
Emirates has announced the appointment of Rashid Al Ardha as the new Manager for Sri Lanka and Maldives, with effect from 1 August. Rashid will take …
HNB, Hemas Holdings & SLT to be included in S&P SL 20 mid-year index rebalance
The Colombo Stock Exchange (CSE) announces the following change in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the …
Fitch Assigns Vidullanka PLC First-Time A+(lka) National Rating; Outlook Stable
Fitch Ratings has assigned a National Long-Term Rating of 'A+(Ika)' with a Stable Outlook to Sri Lanka based renewable power producer Vidullanka PLC. …
CA Sri Lanka, CIMA inks membership pathway agreement to reinforce standing of members
Two renowned professional organisations, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the Chartered Institute of Management …
Has Sri Lanka’s Crisis-driven Import Controls Incentivised Import Substitution?
By Dr Asanka Wijesinghe and Nilupulee Rathnayake: In response to the economic crisis, Sri Lanka implemented import controls that expanded …
TRI-ZEN: Revolutionizing smart living in SL, 75-pct of inventory sold
Engineered for the future, TRI-ZEN apartments, located in the heart of Colombo in Union Place, Colombo 2, announced the successful sale of 75% of its …
Global Leaders Convene in Paris for Summit on New Global Financing Pact
President Emmanuel Macron of the French Republic has invited world leaders, including President Ranil Wickremesinghe, to participate in the highly …
Fitch maintains national ratings of People’s Bank, HNB, Commercial Bank & Bank of Ceylon
Fitch Ratings has maintained the Rating Watch Negative (RWN) on the 'A(lka)' National Long-Term Rating of People's Bank (Sri Lanka) (PB). The rating …
Hemas Strengthens Presence in Consumer Brands Space, Acquires Remaining Stake in Atlas
Hemas recently announced the acquisition of a 24.9% stake of Atlas Axillia Company (Private) Ltd, for a total consideration of Rs.3.4Bn. With this …
TISL takes bribery & corruption allegations surrounding X-Press Pearl Disaster to Supreme Court
Transparency International Sri Lanka (TISL) filed a petition in the Supreme Court yesterday (June 12), seeking to intervene in the ongoing …