Senior management & professionals to revisit recent salary revision: CBSL
A majority of the senior management and professionals of the Central Bank have made a collective decision to consider a revision to their salaries, prior to …
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 …
Export performance recorded a modest increase in February
The merchandise export performance in February 2024 amounted to US$ 983.7 million, recorded a modest increase of 0.17 % compared to February 2023. Furthermore, …
Tech investor Dr. Cornelius Boersch reaffirms commitment and future investments in SL
Having invested in the tech sector for thirty years across frontier markets spanning South America to Asia, Dr Cornelius Boersch maintains that all markets …
Sunshine Holdings PLC announces new leadership appointments
Diversified conglomerate Sunshine Holdings PLC (CSE: SUN) announced that Aruna Deepthikumara, Michelle Senanayake, Dr. T. Sayandhan and Shantha Bandara, who …
FitsAir Launches Direct Flights from Colombo to Dhaka, Bangladesh
FitsAir, Sri Lanka’s low-cost airline, is pleased to announce the launch of direct flights connecting Colombo and Dhaka, Bangladesh in April 2024. This move …
Commercial Bank integrates an AI-powered Assistant to their Annual Report 2023
March 5, 2024, will go down as a red-letter day for the world’s investor relations community. On this day, Commercial Bank of Ceylon PLC, headquartered in …
IMF Reaches Staff-Level Agreement on the Second Review of Sri Lanka’s Extended Fund Facility
IMF staff and the Sri Lankan authorities have reached staff-level agreement on economic policies to conclude the second review of the 4-year EFF-supported …
Microsoft joins hands with Sri Lanka in its journey to becoming unstoppable with AI
In a bid to strengthen commitment and partnership towards the South Asia region, Puneet Chandok, the President of Microsoft India and South Asia, made his …
Fitch affirms Sri Lanka’s Dialog Axiata at ‘AAA(lka)’; Outlook stable
Fitch Ratings has affirmed Sri Lanka-based telecom company Dialog Axiata PLC's National Long-Term Rating at 'AAA(lka) with a Stable Outlook. This reflects our …
Powering the future: Innovations driving electric vehicle revolution
New Energy Vehicles (NEV) are no longer a futuristic vision; they're rapidly transforming the automotive landscape. This shift wouldn't be possible without …
Opinion: Tax-payers receive bill for SriLankan’s colossal losses: Advocata
The Minister of Aviation, Nimal Siripala de Silva, recently announced that the Government would take over 210 million in dollar loans and 41.4 billion in rupee …
SJB Parliamentarian Eran Wickramaratne resigns from COPE
COPE has been established to ensure the observance of financial discipline in Public Corporations and other Semi Governmental bodies in which the Government …
First LNG powered vessel calls at Hambantota International Port
The first LNG battery hybrid powered RORO vessel berthed at the Hambantota International Port (HIP) for the discharge of construction machinery and equipment …
Ceylon Chamber calls for collaborative solutions on debt recovery framework
The Ceylon Chamber of Commerce is deeply concerned about the decision by the Cabinet of Ministers to temporarily suspend the parate execution law. While we …
World Growth Outlook Improves, but Inflation Is Showing Persistence: Fitch Ratings
Near-term world growth prospects have improved and Fitch Ratings has raised its 2024 global GDP growth forecast by 0.3pp to 2.4% in its latest Global Economic …
Selection Process for New IMF Managing Director Begins
The Executive Board of the International Monetary Fund (IMF) has initiated the selection process for its next Managing Director. The announcement was made by …
IMF Called Upon by Human Rights Watch to Intervene in Sri Lanka’s Proposed NGO Law
Human Rights Watch (HRW) has called on the International Monetary Fund (IMF) to urge the Sri Lankan government to abandon draft legislation that could severely …
CA Sri Lanka Members Chandrika Muhandiramge and Ranjani Joseph clinch top regional awards
Two female fellow members of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) brought honour to the nation and the local accounting …