Business

Of the organizations surveyed that paid the ransom, the average cost was $2,036,189—more than double the cross-sector average of $812,360 BusinessTags: Print EditionSophos, a global leader in innovating and delivering cyber security as a…

BusinessTags: Print EditionPeople’s Bank recently entered into an agreement with the National Investment Industrial Bank in Russia to facilitate a novel remittance mechanism that enables efficient and convenient fund transfers from Russia…

BusinessTags: Print EditionSLT-MOBITEL Enterprise by the National ICT Solutions Provider, is now offering Microsoft 365 cloud technology for flexible communication and greater collaboration; tools to engineer the modern workplace. Microsoft…

BusinessHighlights of the HNBGI Jaffna Branch opening Tags: Print EditionHNB General Insurance Limited (HNBGI) recently opened its refurbished Jaffna Branch. The Company’s’ Chief Executive Officer, Executive Committee members, Staff and …

BusinessTags: Print EditionThe Colombo bourse witnessed a gain during the first hour of trading session and after that sharply dropped amidst trading with thin volumes to close the day with negative sentiments. Thus, All-Share Price Index…

BusinessFizel JabirTags: Print EditionThe removal of tax exemptions in the light of recent economic challenges and ongoing discussions with the IMF was somewhat anticipated, said Jehan Perinpanayagam speaking in the KPMG Budget Analysis…

BusinessFCCISL officials with Turkish Ambassador Demet SekerciogluTags: Print EditionThe president of the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) Keerthi Gunawardane, and the board members Ruwan de Silva, Abbas…

BusinessTags: Print EditionThe Asian Development Bank (ADB) has approved a $500 million policy-based loan to support reforms to state-owned enterprises (SOEs) in Indonesia. The loan will cover the first subprogram under the State-Owned…

BusinessTags: Print EditionLAUGFS Lubricants, a fully owned subsidiary of LAUGFS Holdings recently ventured into international markets, expanding its presence to markets in Bangladesh and set up a joint venture towards the manufacture of…

BusinessTags: Print EditionBlue Ocean Group said it acquired a 60% stake in Kelsey Development PLC for Rs. 257 million. The stake amounting to 10.457 million shares was done at Rs. 24.60. The sellers were Schaffter brothers Praksah and…