Chinese technology giant Tencent has made a €1.2bn ($1.25bn; £1bn) investment in a spin-off from Ubisoft, the maker of the Assassin’s Creed video games. Shenzhen-based Tencent...
Milco Chairman Hemajiva Gotabhaya has said that Milco employees will not receive their bonus this year due to financial difficulties. He said this at a press...
Mrs. Sandamali Chandrasekara has been appointed as the new chairperson of Lanka Sugar Company (Pvt) Ltd (LSCPL), following the resignation of the previous chairman, Mr. Rukshan...
In a significant step towards sustainable plastic waste management, Island Climate Initiative (ICI) officially launched GP Certified, Sri Lanka’s first certification mechanism for high-quality recycled plastics....
The Central Bank’s Financial Intelligence Unit (FIU) has fined two financial services’ providers a total of Rs. 03 million for violations during November-December 2024 under anti-money...
Governor of the Central Bank of Sri Lanka (CBSL) – Dr. Nandalal Weerasinghe has said that only around USD 200 million worth of Letters of Credit...
The formal inauguration of the 920-acre Sri Lanka-China Business Zone, established in Xinping Province, China to facilitate Sri Lankan entrepreneurs to expand their business operations in...
The Cabinet of Ministers has approved the reactivation of the Co-operative Wholesale Establishment (CWE), which was previously slated for liquidation.The decision to liquidate the CWE, established...
The Monetary Policy Board decided to keep the Overnight Policy Rate (OPR) at 8.00% at its meeting held yesterday (March 25). The Board has arrived at...
Chinese electric vehicle maker BYD has reported annual revenue for 2024 that has leapfrogged rival Tesla. The Shenzhen-based firm says revenue rose by 29% to come...
