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DFCC Bank launches 'Rataviru Account' to empower Sri Lankans working overseas

Srilanka, May 1 -- DFCC Bank has introduced the DFCC Rataviru Account, a remittance-linked savings account designed to support Sri Lankans working abroad and their families back home. This new produ... Read More


Alumex and ISMM forge alliance to shape future of supply chain management

Srilanka, May 1 -- Alumex PLC has reaffirmed its commitment to driving excellence in supply chain management by partnering with the Institute of Supply and Materials Management (ISMM). This strategi... Read More


IGT 1 officially on-boards at Port City's business centre

Srilanka, May 1 -- IGT 1 Outsourcing Lanka (Private) Ltd, hereafter referred to as 'IGT 1 Lanka', the subsidiary of IGT Holding I Sweden AB, and sister company of IFS Sri Lanka, recently signed an agr... Read More


Subdued sentiment persists; yield curve remains broadly unchanged

Srilanka, May 1 -- Building on the previous day's sentiment, activity in the secondary market remained muted, resulting in low trading volumes. Consequently, the secondary market yield curve stayed ... Read More


ASPI edges down during April

Srilanka, May 1 -- The ASPI closed in red as a result of price losses in counters such as Hatton National Bank, Sampath Bank and C T Holdings with the turnover crossing Rs. 2.3 Bn. A similar behaviour... Read More


Polestar Lanka Garments invests US $ 5.08mn in Sri Lanka; to create 679 jobs

Srilanka, May 1 -- Polestar (Lanka) Garments Ltd, a unit of China's Lianfa Group, has signed an agreement with the Board of Investment (BOI) to invest US $ 5.08 million in a new export-oriented garmen... Read More


Fitch assigns Sri Lanka Insurance Corporation Life 'A+ (lka)' National IFS Rating with a Stable Outlook

Sri Lanka, May 1 -- Sri Lanka Insurance Life (SLIC Life) has been assigned an 'A+(lka)' National Insurer Financial Strength (IFS) Rating by Fitch Ratings, with a Stable Outlook. Among Sri Lankan lif... Read More


Merchant Bank of Sri Lanka announces Rs.1B debenture issue

Sri Lanka, May 1 -- Merchant Bank of Sri Lanka & Finance PLC (MBSL), a subsidiary of Bank of Ceylon, has unveiled plans to raise up to Rs, 1 billion through the issuance of unsecured subordinated rede... Read More


TIN demand surges after withholding tax rate hike

Srilanka, May 1 -- Most accountholders have sought to obtain the Taxpayer Identification Number (TIN), following the government's decision to increase the withholding tax rate from 5 percent to 10 per... Read More


When 'Labour isn't working' Will AI shame labourers and give value to an old British slogan?

Sri Lanka, May 1 -- In 1978 when the British Conservative party, under the leadership of Margaret Thatcher, ran an advertising campaign titled 'Labour isn't working' it was punning on the word labour.... Read More