United Petroleum Australia Pty Ltd has entered a contract on February 22. 2024 with Minisrtry of Power and Energy to supply Petroleum products in Sri Lankan Market. This event came into live after selecting the company based on RFP issued by Sri Lankan government to further liberalizing the country’s retail petroleum sector early last year….
Sri Lanka’s leading Fintech service provider announces appointment of Mr. Rajendra Theagarajah as Chairman of the Board. PAYable Pvt Ltd, Sri Lanka’s leading non-bank digital payment services provider, reported robust performance in its 10 year journey with over LKR 80 Billion in transactions processed. The company also plans to launch a host of new innovations,…
In a recent discussion convened at the Presidential Secretariat, President Ranil Wickremesinghe articulated his vision for economic development and infrastructure investment, particularly focusing on the master plans for strategic tourism zones in the Eastern Province, the Colombo City & the Western Region and Greater Hambantota. The President emphasized the economic potential of Hambantota, envisioning it…
First Capital Holdings PLC (the Group), a leading investment institution, and a member of the Janashakthi Group, announces its strong financial results for the nine months ended December 31, 2023. The Group reported a Profit after Tax of Rs. 9.4Bn, marking a significant increase compared to Rs. 1.7Bn recorded in the corresponding period of the…
AICPA & CIMA, together as the Association of International Certified Professional Accountants, is set to host a new edition of its CXO Forum under the theme “Accelerate & Lead”, at the Shangri-La in Colombo. This highly anticipated event will explore key trends impacting the future of business, accounting, and finance, such as ESG, Generative AI,…
Central Bank of Sri Lanka (CBSL) has taken note of recent news reports in the media on comments and remarks attributed to some Members of Parliament at recent proceedings of the House with regard to the latest revision of remuneration of employees of the CBSL that were approved by the Governing Board under the triennial Collective Agreement entered…
SriLankan Airlines would like to clarify that the delays experienced by its passengers at the check-in counters in Bandaranaike International Airport during the early hours of this morning, were caused by temporary, unplanned operational conditions at the airport and not due to any type of trade union action. The check-in counter operations have been stabilized…
The United States Deputy Secretary of State for Management and Resources Richard Verma, who called on President Ranil Wickremesinghe expressed appreciation for the efforts taken by the Sri Lankan Government to turn the economy around. During the discussions, the President outlined the progress of the debt restructuring, along with several key economic reforms measures, including…
Land Valuation Indicator (LVI) for Colombo District indicated a slowdown on a year-on-year basis, recording a growth rate of 7.1 per cent during the second half of 2023. This slowdown could be observed in all sub-indicators of LVI, namely Residential, Commercial and Industrial LVIs which recorded annual increases of 8.8 per cent, 6.7 per cent…
At a time when international aid and medicinal supplies are imperative for Sri Lanka, upon an urgent request for assistance from Ambassador of Sri Lanka in Washington D.C. Mahinda Samarasinghe and the Mission, the support of three renowned U.S. NGOs was generously extended on an in-kind basis to the people of Sri Lanka. The most recent…
Video Story
