Business

Despite an index spike during the initial trading hours, the Colombo bourse gradually declined during the latter half closing its proceedings in red. Moreover, the All Share Price Index marginallydeclinedby2.0 points (-0.0%) to close…

The United States is providing a welcome boost to Small and Medium Enterprises (SME) in Sri Lanka struggling with the impact of the pandemic. The U.S. International Development Finance Corporation (DFC) is awarding a USD 75 mn…

Though successive governments have made attempts to introduce a smart National Unique Digital ID (UID) for more than two decades, Sri Lanka has unfortunately not been able to realize this objective, said Minister of Youth and Sport,…

Melstacorp entered the health sector in 2017 with a vision of providing Sri Lankans with better access to world-class healthcare services. MelstaHealth manages and operates Joseph Fraser Memorial Hospital, the island’s…

For the third consecutive year, Bajaj has emerged as the ‘Most Loved Motorcycle Brand’ in Sri Lanka, according to Brand Finance Lanka, in the 18th edition of its annual review. Bajaj, the world’s fourth largest two-wheeler…

Korean car maker Kia’s new logo is adopting attention in Sri Lanka as the brand’s local distributor begins its roll out across multiple touch points as part of a phased adoption of the new brand persona unveiled internationally earlier…

One of Sri Lanka’s pioneering water management solutions providers, Capital Maharaja-owned S-lon Lanka (Pvt) Ltd, has made the list of Most Loved Brands in Sri Lanka for the year of 2021 under the Construction/Building Materials…

Sri Lankan banks’ performance in 2020 and 1Q21 exceeded Fitch Ratings’ initial expectations, thanks to stimulus and regulatory relief measures. “However, we believe risks to the banks’ performance and operating environment remain, due…