Business

Thanks to the country’s sizeable expatriate population, remittance outflows from the UAE have always been substantial. According to UAE Central Bank figures, Dh165 billion was remitted from the Emirates in 2019, second only to the US,…

Sanasa Life Insurance, a leading Micro Insurance Company in Sri Lanka, was awarded “Life Insurance Covid 19 Response Initiative Sri Lanka 2021” and “Most Sustainable Micro Insurance Company” upon taking into consideration the special…

The Merrill J. Fernando High Dependency Care Facility was inaugurated on August 16, at the Nawalapitiya District General Hospital. The facility is funded by Dilmah Ceylon Tea Company and its associate Kahawatte Plantations with…

In response to large public holdings of currency and fears of credit-driven inflation, the monetary board decided to increase the Standing Deposit and Lending Facility rate by 50bps each. The Monetary Board has also increased the…

The Monetary Board of the Central Bank of Sri Lanka, at its meeting held yesterday has decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 50 basis points…

"Sri Lanka’s leading eyecare specialist, Eric Rajapakse Opticians now able to provide their products and services to customers based in and around the Kiribathgoda area. Eric Rajapakse Opticians, highly qualified and well-experienced…

Ceylinco Life has significantly expanded its operations in Negombo, following the opening of the Company’s latest eco-friendly branch building in this coastal city, on company-owned land. The new building adds 7,950 square feet of…

Issuing a statement the Central Bank of Sri Lanka (CBSL) refutes the claims that it has requested licensed banks to ‘devalue’ the Sri Lankan Rupee. It stated, "the Central Bank of Sri Lanka (CBSL) has observed messages being…

A unique, commemorative publication in celebration of the People’s Bank’s 60th Anniversary was officially presented by People’s Bank Chairman Sujeewa Rajapakse to Prime Minister Mahinda Rajapaksa at Temple Trees recently. The specially…

HNB Assurance PLC (HNBA) and its fully owned subsidiary, HNB General Insurance Limited (HNBGI) recorded a Profit After Tax (PAT) of Rs 285 million for the first half of 2021 (excluding surplus transfers from the Life Fund which will be…