Business

Sigiriya, considered to be one of the most valuable historical monuments in Sri Lanka, has long been renowned as an architectural wonder of urban planning and engineering, and a UNESCO world heritage site since 1982. Converted into a…

In the journey of finding hidden talents of Sri Lankan youth and their unsung contribution to the nation, Women in Management (WIM) in partnership with Sri Lanka National Youth Services Council will host the second ‘New generation…

Sri Lanka, which was earlier expected to be a laggard, is now among the countries with the fastest vaccination rates in the world, says ICRA Lanka in their Economic outlook for 2H 2021. Expedited vaccine rollouts in many major…

Pan Asia Banking Corporation PLC reported an impressive performance for the six months ended 30th June 2021to report a Pre-Tax Profit of Rs. 1,822Mn and a Post-Tax Profit of Rs. 1,356Mn with growth rates of 27% and 50% respectively,…

The Ministry of Transport is seeking assistance from Fortune 500 companies to develop Sri Lanka’s passenger and goods railway transport network to international standards. To meet this objective Transport Minister Gamini Lokuge…

The Bank of Ceylon has restructured its Trade Finance division to enable the establishment of a special Export Circle division that will serve as a single focal point for all the banking needs of the export sector. The physical…

People’s Leasing & Finance PLC (People’s Leasing) announced the successful oversubscription of Rs. 10 billion Senior, Unsecured, Listed, Redeemable, Rated, Three Year and Five Year debentures at a par value of Rs. 100 with the…

Sri Lanka’s overall budget deficit of LKR 520.5Bn for the first four months of 2021 has overtaken revenues of LKR 481.7Bn, following tax cuts in Dec 2019 compounded by a Coronavirus pandemic, says First Capital FI Report released last…

Hoteliers have told Finance Minister Basil Rajapaksa to entice Indian tourists who have been injected twice for the Covid 19 pandemic to arrive in Sri Lanka. This follows Finance Minister Rajapaksa meeting representatives of the…

Though Sri Lanka was expected to end the year 2021 as a contraction year due to the COVID-19 Pandemic, the country will see the year as a growth year, said State Minister of Finance and Capital Markets, Ajith Nivard Cabraal. He…