Business

Sri Lanka’s largest retail bank, HNB PLC, achieved another important milestone in its transformation journey, after once again securing its ranking in the prestigious UK based- The Banker Magazine’s Top 1,000 World Banks for the fifth…

SriLankan Airlines emerged victorious at the Asian Leadership Awards (ALA) 2021 by winning the award for “Best in managing health at work” in the “Asian HR Leadership Awards” category. This award recognizes and applauds the…

The Hambantota International Port (HIP) recorded their highest discharge levels of bulk cargo recently, when a shipment of gypsum consigned to Insee Cement was unloaded at a rate of 24,000 Metric tons per day by port operations.…

The Belgian Investment Company for Developing Countries (BIO) agreed with SDB bank, pioneering provider of financial services, to take up a 10% share of the bank, amounting to Rs. 925 million at Rs. 51.50 a share, via SDB bank’s…

Sri Lanka (SL) is currently holding on to a total foreign debt stock of USD 35.1billion (Bn) with a balanced exposure to market borrowings. Asian Development Bank (ADB) remains as the largest multilateral funding agency lending a total…

The Commercial Bank of Ceylon has announced that its website, now an indispensable tool for millions of customers and information seekers, has been re-launched as a trilingual resource, with a series of cutting-edge enhancements.…

Colombo bourse rested in the green for the second consecutive day whilst attained fresh highs yesterday, mainly pushed up by several fundamentally stable and trading stocks. Thus, the All Share Price Indexincreasedby45.8 points…

Road Transport and Highway Union Minister Nitin Gadkari said that he aims to construct 60,000 km of the world-class national highway by 2024, at a rate of 40 km per day. Speaking at the 16th annual conference on ‘Road Development…

IFC has appointed Hector Gomez Ang as Regional Director for South Asia. Based in New Delhi, he will play a critical role in boosting IFC’s investments in the region, as it looks to recover from the severe impacts of COVID-19. In…

Leading textile manufacturer, Hayleys Fabric further reduced its carbon footprint by 15% with the installation of the largest private sector rooftop solar power system in Sri Lanka, contributing 6,241,500kWh of power per annum to the…