Business

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…

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…

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…

The General Trading Division (GTD) of Browns Group offers a wide array of Makita cordless garden equipment powered by world famed Japanese technology. The partnership between Browns and Makita began in 1986 and Browns is the sole…