Treasury tightens rules on SOE sponsorships, donations and CSR effective 2026
The Treasury has issued a new Public Enterprises Circular introducing a revised framework to govern sponsorships, donations, Corporate Social Responsibility…
Category: Economy
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…
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…
Asia Asset Finance continues to shine with rapid growth in Business and PBT exceeding LKR 980Mn YOY
Asia Asset Finance PLC (AAF) has reported a remarkable performance for the six months ended 30 September 2025, reaffirming its…
SriLankan losses increase by Aug.
SriLankan Airlines’ losses grew to Rs. 12.6 billion in the first five months of the financial year 2025/26 ending in…
Aitken Spence Institute of Hotel Management hosts latest graduation ceremony
The Aitken Spence Institute of Hotel Management held its latest graduation ceremony at Heritance Ahungalla, marking another milestone in its…
Tax exemptions cost Sri Lanka over Rs. 240 billion
The Ministry of Finance in Sri Lanka has revealed that the government sacrificed more than Rs. 240 billion in potential…
Janashakthi Life Records Over 5 Billion in Profits for the Second Consecutive Year
Janashakthi Life, one of the fastest growing Life insurers in Sri Lanka has recorded a massive LKR 5.7 Billion Profit…
First Capital Revolutionizes Treasury Bill and Bond Auctions with Bidding through WhatsApp Integration
First Capital Treasuries PLC, a pioneering force in the investment sector in Sri Lanka, has revolutionized the way customers bid…
First Capital’s Platinum Sponsorship Renewal to Boost CR&FC’s Ambitions for the 2024/25 A Division Inter-Club Rugby Season
First Capital Holdings is excited to announce the renewal of its Platinum Sponsorship with the Ceylonese Rugby & Football Club…