Business

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…

CH17 connects with AceConnekt, a fully interactive digital portal for recruiters and jobseekers to connect with ease, with many inbuilt features providing convenience throughout the recruitment process. A state-of-the-art digital…

ARMX Security Solutions Private Limited (ARMX) celebrated International Security Officers’ Day on July 24, for the first time in the history of Sri Lanka’s security industry. An initiative that all partnering clients took to…

Seylan Bank recently unveiled its data centre located at Seylan Towers, Galle Road, Colombo 03. The consolidated data centre was designed by TIA-942 Certified Data Center Design Consultant and Auditor, Tharindu Meepegama and…

Recent statistics compiled in the Annual School Census of Sri Lanka for the year 2020 show that only 1.1 percent of teachers in Government schools teach in the English medium. There are only 2,727 teachers who by metric of…

Depositors of the Ceylinco-owned F&G Property Developers are calling to transfer the control of F&G Property Developers to appoint a party capable of running the company free of corruption and fraud and to re-examine ZRA…

Following the successful full payment of the maturing International Sovereign Bond, the Central Bank of Sri Lanka is expecting to rebuild reserves to a comfortable position by the end of August. Arrangements have been made with…