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EY to Discuss on the New Loan Classification Direction for the Licensed Finance Companies

Financial Accounting Advisory Services (FAAS) – Academy of training of EY (Ernst & Young) organizes a training program on the accounting, governance and credit risk implications arising from New Finance…

UN rights chief to present oral update on Sri Lanka’s withdrawal from resolution

The United Nations High Commissioner for Human Rights, Michelle Bachelet will be presenting her Oral Update on Sri Lanka withdrawing its co-sponsorship of Resolution 40/1 of March 2019 on ‘Promoting…

Sri Lanka Corporate Health and Productivity Awards 2020: Drives Change by Upholding Health and Wellness Practices

‘’Sri Lanka Corporate Health and Productivity Awards 2020’’ conducted by the Chamber of Young Lankan Entrepreneurs (COYLE) in collaboration with Japan External Trade Organization (JETRO) was held recently at BMICH.…

Inflation increased in January 2020

Headline inflation as measured by the year on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 increased to 7.6% in January 2020 from 6.2% in December 2019. This…

HUTCH announces completion of its island-wide network coverage expansion and 4G roll-out

Unveiling a pivotal achievement post its strategic acquisition of Etisalat Lanka (Pvt) Ltd., in 2018, Hutchison Telecommunications Lanka (Pvt) Ltd, today announced the successful completion of the merger between the…

Huawei launches TECH4ALL in Sri Lanka, assures committed to work towards Digital Inclusion

Huawei, leading global information and communications technology solution provider, recently launched company’s new initiative, Tech4ALL in Sri Lanka, to promote the digital inclusion for both individuals and small businesses by…

UL eyes Airbus payback

Sri Lanka Airlines (SLA) is in consultation with the Attorney General’s (AG) Department to initiate legal action to recover the maximum possible amount in compensation from Airbus company which is…

Dialog Axiata Signs USD 250Mn Investment Agreement with BOI

Dialog Axiata Group, the largest Foreign Direct Investor (FDI) operating under the aegis of the Board of Investment of Sri Lanka (BOI), announced the entering into of two supplementary agreements…

Coronavirus dampens Sri Lanka manufacturing and service activity in Jan

Sri Lanka’s industrial and service sectors grew at a slower pace in January from December on the coronavirus outbreak in China, the central bank said in the Purchasing Managers’ Index…

Hambantota Port observes employees returned from China before epidemic broke

With the coronavirus epidemic becoming a serious cause for concern, the Hambantota International Port (HIP) has put in place several measures to ensure the safety of their staff, environment, and…