The Sri Lanka economy is currently navigating through a challenging phase marked by producer price deflation, a phenomenon that deviates from the anticipated inflationary effects of economic stimuli such as “helicopter money.” This deflationary trend has significant repercussions for business operations and necessitates rethinking pricing strategies to maintain market competitiveness.Continue Reading
In a strategic move poised to enhance RigServ’s worldwide presence, the company has announced the inauguration of its new Global Resource Centre in the heart of Sri Lanka. This notable expansion not only signifies RigServ’s commitment to growth but also marks a significant milestone in the company’s ongoing efforts toContinue Reading
The relentless wave of digital transformation has ushered in a new epoch in which the **challenges faced by international law due to digital transformation** are becoming increasingly evident. As we embrace the benefits of digital connectivity and technological innovation, the **global legal system evolution** necessitates a parallel adaptation to safeguardContinue Reading
On January 24, 2024, a significant elevation in expertise graced the board of Exterminators PLC as Jacob Carel Laubscher assumed the role of New Independent Director. Reflecting its pledge to dynamic leadership and technological prowess, the premier Sri Lankan pest management firm welcomed Laubscher, a luminary in digital pest technology.Continue Reading
The vitality of Sri Lanka’s construction industry is integral to the nation’s journey towards economic revitalization. Historically cornerstone to Sri Lanka’s GDP growth, this sector’s robust activities often parallel the health of the broader economy. However, in recent years, the industry faced substantial setbacks from global disruptions, significantly the COVID-19Continue Reading
Seylan Bank, one of Sri Lanka’s prominent financial institutions, recently heralded the commencement of Justice Buwaneka Aluwihare PC as an Independent Non-Executive Director on its coveted Board of Directors. This momentous appointment, effective as of February 26th, 2024, signifies a noteworthy infusion of legal acumen into the bank’s governance structure.Continue Reading
The retail landscape of Sri Lanka is undergoing a transformative journey with the launch of Cool Planet’s flagship store in Katubedda. This premier fashion retail store is designed to redefine shopping by offering a breadth of sophisticated, fashion-forward clothing and accessories. The opening of this new Cool Planet store inContinue Reading
In a transformative stride towards banking excellence, Pan Asia Bank has unveiled its first Ezy Banking Centre at the Pettah branch, revolutionizing the digital banking experience for its clientele in Sri Lanka. This innovative hub, blossoming under the stewardship of Chairman Aravinda Perera and Director/CEO Naleen Edirisinghe, aims to significantlyContinue Reading
In an unprecedented move to address its financial challenges, Sri Lanka is gearing up for critical bondholder talks set for next week. These discussions are pivotal as they relate to the restructuring of a substantial $12 billion in defaulted global bonds. The key players, a bondholder meeting schedule has beenContinue Reading
The Commercial Bank of Ceylon has marked a new milestone in Kegalle, Sri Lanka, with the opening of its innovatively designed two-storey branch. Situated at No 186, Main Street, the ComBank branch opening Kegalle welcomes customers into a contemporary facility poised to deliver a superior banking experience. This strategic initiativeContinue Reading
The vibrant spirit of Avurudu gleams brighter with NDB’s Avurudu Card Deals, offering an array of Avurudu promotions that promise an auspicious and thrifty start to the New Year. Thrifty shoppers and celebrants alike are poised to benefit from an extensive lineup of NDB credit card offers, encompassing everything fromContinue Reading
As the embers of educational inspiration glow brighter, the youth of Sri Lanka received a remarkable platform to showcase their innovative ideas and creative prowess. The acclaimed “Heta Dinana Sri Lankawak” (A roadmap for a secure tomorrow) Essay & Video Competition, held at the Lotus Room, BMICH, stands as anContinue Reading
In a high-profile celebration of excellence and commitment to economic leadership, the Central Bank of the Republic of China (Taiwan) beams with pride as its esteemed Governor, Fai-nan Perng, is conferred with the prestigious lifetime award from Central Banking Publications. On the 22nd of January, 2018, this recognition not onlyContinue Reading
The economic landscape of Sri Lanka is showing burgeoning signs of vitality, as evidenced by recent data from the Purchasing Managers’ Index. The PMI Growth, serving as a leading economic indicator, reflects the nation’s business health and hints at an upswing with a composite PMI steady climb to 50.4 inContinue Reading
Amidst an evolving financial landscape, UPI payments emerge as a beacon of innovation, promising to revolutionize small business digitalization in Sri Lanka. The Federation of Information Technology Industry Sri Lanka (FITIS) has officially given its support to LankaPay for their adoption of the Unified Payments Interface, a move that isContinue Reading