New ADB head pledges to support development in public and private sectors

Sri Lanka, Feb. 25 -- The new Asian Development Bank (ADB) Country Director in Sri Lanka, Chen Chen, assumed office in Colombo Monday. "I am honored to assume the role of Country Director at ADB's Sr... Read More

HNB clinches top spot on Business Today rankings

Sri Lanka, Feb. 25 -- HNB PLC secured the No. 1 ranking on the prestigious 'Business Today Top 30', further consolidating on a remarkable reputation for excellence and a legacy of innovation in the Sr... Read More

SLTB deploys 16 luxury buses to operate Hambantota - Colombo expressway

Sri Lanka, Feb. 25 -- Sri Lanka Transport Board (SLTB) has deployed 16 luxury buses to operate along the Hambantota - Colombo expressway. The deployment of buses took place this morning at the Hamban... Read More

Ford Foundation partners with Lankan Angel Network to grow startup ecosystem

Sri Lanka, Feb. 25 -- The Lankan Angel Network (LAN) today announced that it has signed a landmark grant agreement with the Ford Foundation to catalyze the growth of Sri Lanka's startup ecosystem. Th... Read More

Commercial Bank profits marginally up in December quarter

Sri Lanka, Feb. 24 -- Sri Lanka's Commercial Bank group reported a net profit of 5.9 billion rupees showing a marginal improvement of equity holder's profit of the bank in the December quarter. The g... Read More

For Sec Aryasinha meets Human Rights Council President in Geneva

Sri Lanka, Feb. 24 -- Ahead of the upcoming 43rd Session of the Human Rights Council (HRC) scheduled to commence next Monday (24 February), Foreign Secretary Ravinatha Aryasinha briefed the President ... Read More

Safer roads to add over USD1 Tn to South Asian economies

Sri Lanka, Feb. 24 -- South Asia's eastern subregion, comprising Bangladesh, Bhutan, India, and Nepal, needs to invest an estimated extra $118 billion in road safety over the next decade to halve its ... Read More

DFCC records Rs.2.8Bn PAT in 2019

Sri Lanka, Feb. 24 -- DFCC Bank, the largest entity within the group recorded a profit after tax (PAT) of Rs 2,828 million for the year ended December 31, 2019 excluding the fair value loss on Commerc... Read More

Sri Lanka headline inflation increased in January

Sri Lanka, Feb. 24 -- Sri Lanka's headline inflation as measured by the year-on-year change in the National Consumer Price Index has increased to 7.6 percent in January from 6.2 percent in December, t... Read More

Central Bank to introduce cost-reflective benchmark interest rate instead of SLIBOR

Sri Lanka, Feb. 24 -- The Monetary Board of Sri Lanka's Central Bank has decided to discontinue the compilation of SLIBOR with effect from 01 July 2020. The Central Bank will continue to publish SLIB... Read More