Business

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…

Daraz hands over the donation to Prime Minister Mahinda Rajapaksa at the Temple Trees on July 19, in the presence of Minister of Youth and Sports, and State Minister of Digital Technology and Enterprise Development, Namal Rajapaksa and…

Bids have already arrived for the construction and completion of the East Container Terminal (ECT) of the Colombo Port, billed for completion by 2023. The bids for civil works, equipment have arrived and will be evaluated and…

KFC marks 25th anniversary in Sri Lanka this year. The story of KFC in Sri Lanka began in 1996, when the first restaurant opened its doors at the popular shopping complex Majestic City. Fast forward to 25 years and 44 restaurants…

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…

Sri Lanka Association of Software and Services Companies (SLASSCOM) recently signed a Memorandum of Understanding (MoU) with Uva Startup Hub, a non-profit foundation renowned for its commitment to facilitate technological development…

Announcing its rating decision on July 16, 2021, Fitch Ratings (Lanka) has affirmed the National Long-Term Rating of BoC at AA- (lka). The Fitch rating announced that the Bank’s standalone strength and its entrenched domestic…

International School of Western Australia (ISWA) , an extension of International Institute of Health Sciences (IIHS) , offers the Australian Advanced Level programme. ISWA gears students to not only obtain an Australian secondary…