Business

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…

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…

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…

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…