Target plans another $1 billion investment to jumpstart sagging sales
Target reported a bigger-than-expected drop in comparable sales on Wednesday and offered a wide range of profit outcomes for its…
Author: Financial Editor
SriLankan Airlines restructures defaulted bonds with 15-pct haircut
SriLankan Airlines has restructured its defaulted bonds with a 15 percent haircut which will exchange for cash and a 4.00…
Hapag-Lloyd Delegation Visits Sri Lanka Ports Authority
A senior delegation from Hapag-Lloyd recently visited the Sri Lanka Ports Authority (SLPA) to strengthen ties and explore opportunities for…
LOLC Finance gets green light for debenture issue
LOLC Finance has received approval from the Central Bank of Sri Lanka for its planned debenture issue, valued at up…
Tea production sees a marginal rise in October
Sri Lanka’s tea harvest experienced a slight uptick in October 2025 compared to the previous year, according to provisional data…
MAS wins multiple honours at the National Cleaner Production Awards 2025
South Asian apparel-tech conglomerate, MAS Holdings won resounding recognition for its commitment to sustainable and ethical production at the recently…
Manel Rajkumar of D & R Exports honoured with the ‘Legendary Woman of the Year’ award at the Women Legend Awards 2025
Manel Gertrude Rajkumar, Chairperson of D & R Exports (Pvt) Ltd, a leading enterprise in Sri Lanka’s food and beverage…
Hatton National Bank Wins Best Corporate Citizen Sustainability Award 2025
Hatton National Bank won the coveted ‘Best Corporate Citizen Sustainability Award 2025’ at the 22nd Best Corporate Citizen Sustainability Awards organised by The Ceylon Chamber of…
“Korea–Sri Lanka Investment Facilitation Forum”: Bridging Korean Innovation with Sri Lankan Growth
In a progressive step toward strengthening bilateral trade and investment cooperation, the Embassy of the Republic of Korea, in collaboration with…
Visa and Commercial Bank are pioneering the next evolution in digital payments in Sri Lanka by enabling Google Pay for their cardholders
Commercial Bank of Ceylon PLC is making history as the first bank in the country to collaborate with Google and…