Business

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…

Dreamron, the largest exporter of cosmetics in Sri Lanka with a significant local presence, made its entry into “Sri Lanka’s Most Respected Entities” by LMD (Lanka Monthly Digest) in its special edition which was released in August,…

The Colombo Stock Exchange (CSE), Stockbroker Firms and the staff of the Securities and Exchange Commission of Sri Lanka (SEC) collaborated recently on a community engagement project focused on donating Rs. 9.6 million worth COVID-19…

Advantis 3PL Plus, a member of the Hayleys Advantis Group and a leader in Third Party Logistics (3PL), has won the ‘Best in Diversity and Impact Management Award’ at the Asian HR Leadership Awards and was ranked amongst the 100 Best…

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…