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
As Sri Lanka’s northern capital embarks on a journey towards economic rejuvenation, Jaffna’s new mercantile investment landscape is emerging as a beacon of potential. Investors are keenly eyeing Jaffna investment opportunities, with an understanding that this storied city’s commercial revival is more than mere speculation—it is a palpable shift inContinue Reading
The fiscal landscape for enterprises can often be a terrain fraught with financial challenges, and this has certainly been the case for DFCC Bank. In recent months, the organization has witnessed its profitability take a hit, as delineated in the DFCC fiscal report. Corporate tax expenses, a vital fiscal componentContinue Reading
The skies between Sri Lanka and Hong Kong are set to buzz with the resumption of Cathay Pacific international flights. Starting February 2, 2024, Cathay Pacific—an airline renowned for its award-winning service—recommences operations from Colombo, marking a significant return to a familiar route. This strategic revival brings the esteemed airlineContinue Reading
In a decision marking a significant shift in economic leadership, President Ranil Wickremesinghe has demonstrated his authority and strategic foresight as Finance Minister by naming Jayamin Pelpola as a Non-Executive Director to the Board of Bank of Ceylon (BOC), effective immediately. This key appointment is amongst the notable BOC appointmentContinue Reading
Transform your daily routine into an exquisite journey of fragrance with Enchanteur’s New Floral Soaps. Debuted in the heart of Sri Lanka, these luxury bath products offer three enchanting floral variants that bloom into a charming bathing experience. The Romantic, Charming, and Alluring soap bars breathe life into the conceptContinue Reading
In a landmark legal ruling, the Court of Appeal of Sri Lanka has taken definitive action by blocking plans for the further development of the pharmaceutical zone in Oyamaduwa, Anuradhapura. This decision comes as a response to a series of legal disputes that have cast uncertainty over the future ofContinue Reading
Investors on the Colombo Stock Exchange are witnessing a notable event as the National Development Bank (NDB), a leading financial institution in Sri Lanka, has declared its final dividend for the fiscal year concluded on December 31, 2023. Amidst a financial landscape playing host to numerous variables, NDB stands outContinue Reading
At the core of Sri Lanka’s vibrant economy lies the People’s Bank, a beacon of financial stability and champion of growth. With a remarkable 14 percent projected increase in bank credit for 2014, the Colombo-headquartered bank stands tall, fuelling the expansion of Micro, Small, and Medium Enterprises (MSMEs). This growthContinue 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
Amid the verdant highlands and rolling estates, Sri Lanka’s tea exports have witnessed a remarkable surge, casting the spotlight once again on the prized Ceylon tea savored by connoisseurs across the globe. In a narrative laced with resilience and tradition, the small island nation has steered through economic tribulations toContinue Reading
In the intricate world of finance, Sri Lanka’s financial markets have demonstrated a palpable sensitivity to the trends of monetary policy impacts, particularly evidenced in changes to bond investments and government bonds. A critical examination of market trends over a turbulent decade from 2000 to 2009 unveils a nuanced portraitContinue 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
The world of science education marked a considerable achievement as Sri Lanka proudly hosted the 20th Biennial Conference IVSL. This esteemed event in the International Virtual Science Learning landscape showcased a robust platform for stakeholders across the globe. As a premier Science Education Event, this biennial session brought together leadingContinue Reading