Rising temperatures and extreme weather events due to climate change are impacting business, and companies need to address the irrelevance of existing business models, the Ceylon Chamber of Commerce …
IMF Commends Sri Lanka On Hard-Won Economic Gains
The International Monetary Fund (IMF) commended Sri Lanka on the hard-won economic gains. First Deputy Managing Directo …
‘After Sri Lanka, more global hotel launches on the anvil’, says ITC Chairman Sanjiv Puri
ITC Chairman Sanjiv Puri said the Indian corporate giant is looking at opening more hotels globally, after its first property outside India was thrown open on Thursday.
lolc Finance expands to Karapitiya & relocates Kalawana
LOLC Finance PLC, the leading Non-Banking Financial Institution (NBFI) in Sri Lanka, proudly announces the opening of a new branch in Karapitiya and a relocation in Kalawana, further solidifying its …
Iran ready to forge stronger ties with Sri Lanka, Raisi says
Iran is ready to strengthen ties with Sri Lanka and other Asian countries, its president, Ebrahim Raisi, said on Wednesday, during a short visit to the island nation, the first by an Iranian president …
ComBank crowned ‘Best Bank in Sri Lanka’ by Global Finance for 22nd year
The Commercial Bank of Ceylon has been named the ‘Best Bank in Sri Lanka’ for a remarkable 22nd year in the ‘World’s Best Banks 2024’ list released recently by the US-based Global Finance magazine.
Threads of Resilience A closer look at the intricate stitches of Sri Lanka’s apparel sector as it braves through challenges
Sri Lanka’s apparel sector has long been celebrated for its resilience, consistently overcoming challenges to emerge as a pivotal revenue driver for the nation. Yet, the sector now finds itself …
Sri Lanka’s Debt Restructuring Talks With Private Bondholders Hit a Snag
In a press release issued on October 2023, the Group stated that the MLB is designed to be “liquid and index-eligible,” with payouts that “are linked to the evolution of Sri Lanka’s gross domestic …
Sri Lanka’s Debt Restructuring Talks With Private Bondholders Hit a Snag
In a press release issued on October 2023, the Group stated that the MLB is designed to be “liquid and index-eligible,” with payouts that “are linked to the evolution of Sri Lanka’s gross domestic …
Sri Lanka FinMin says to confiscate 112 vehicles imported illegally
ECONOMYNEXT – Sri Lanka’s State Finance Minister Ranjith Siyambalapitiya said 112 vehicles imported illegally at a cost of 7 billion rupees will be confiscated from the current owners.