Business

People’s Merchant Finance PLC (PMF) achieves its most significant milestone and a financial triumph by earning a profit before taxation of Rs. 100 million in the financial year 2020/21. Historically, PMF’s financial performance…

The Bourse ended the week on a negative note this week with ASPI decreasing by 62.59 points (or 0.80%) to close at 7,746.56 points, while the S&P SL20 Index also decreased by 71.88 points (or 2.36%) to close at 2,970.75 points.…

Dr C. C. Janaki Amarasinghe, Chairperson of DJ Products, a leading company in the field of food, spices and handloom textile products clinched two silver awards at the ‘Entrepreneur of the Year’ Awards organized by the Federation of…

Allianz Insurance Lanka Limited (Allianz Lanka), one of Sri Lanka’s leading insurance providers, partnered with the Sri Lanka Police in conducting a COVID-19 awareness campaign recently. This island-wide campaign commenced in…

Union Assurance PLC offered vital medical equipment to four government hospitals as part of an initiative launched in response to combat the COVID-19 pandemic, offering much-needed support in Sri Lanka’s efforts to enhance capacity for…

The Sri Lankan government on Wednesday invited businessmen to identify tariff issues that are impeding trade between the two countries. Consul General of Sri Lanka in Karachi G. L. Gnanatheva advised businessmen, exporters and…

Sri Lanka Insurance (SLI) declared the largest ever life insurance bonus in the country amounting to Rs. 8.6 billion for the year 2020 to its life insurance policyholders, recording the largest life insurance bonus ever to be declared…

With recent changes by the Department of Foreign Exchange, it will become easier for corporations to take advantage of the low international borrowing costs to finance their operations. Under the new mechanisms, foreign borrowing can…

The Colombo Stock Exchange (CSE) and CHEC Port City Colombo signed a Memorandum of Understanding (MoU) to enhance the capital markets in Sri Lanka by taking advantage of the Port City Colombo’s special emphasis of the Colombo…

After a strenuous audit process and reviewing the evidence presented to the Airports Council International (ACI) Airport Health Accreditation evaluation process, Mattala Rajapaksa International Airport (MRIA) has been accredited by…