CATEGORIES

'Uma Diya Janani': Joint Inauguration of the Uma-Oya Multipurpose Development Project by the Presidents of Iran and Sri Lanka

The ‘Uma Diya Janani’ multipurpose development project, marked as a significant irrigation initiative following the Mahaweli movement, was officially handed over to the public by the Presidents of Iran and Sri Lanka.

The Debate on India's Path to Growth

The world is interested in India’s growth agenda. There is much conversation on whether it is the right one. Debating the same at the Oxford Union saw many Indians defending their country and their leader. That was almost one year ago. Today, as India conducts general elections, the Oxford Union debate has come to the forefront, with Indian journalist Palki Sharma's fierce defense of her country drawing much attention when she asserted that every country has its path, telling the audience not to judge India or any country on the boundaries of another.

Is the Bank of Japan Finally Synchronizing with their Peers?

Described as an ultra-lax monetary policy, Japan’s economic model has baffled the world. Not because the East Asian nation is a poster child of rising from self-ruination in the post second world war era, but for stage-managing its monetary policy for a long time, managing its economy very differently to the rest of the world.

Not all Debts are Dilemmas

Singapore's debt portfolio is a lesson in prudent decision-making, where a long-term view of its economy governs the process.

Challenging Market Conditions for Electric Vehicles

Near-term global statistics on Electric Vehicle EV) sales have prompted manufacturers and analysts to contend that the segment’s growth may not be a straight line after all.

HNB and Hayleys Agriculture Empower Farmers with Convenient Access to Agri Machinery

HNB has entered into a collaborative partnership with Hayleys Agriculture, offering a comprehensive array of benefits and attractive leasing packages for various agricultural machinery.

Ten Pro Athletes That Love Weed As Much As You

These are some of the most famous stoner athletes of all time.

PLC Achieves Remarkable 30.8 percent PAT Growth Amid Dynamic Market Conditions in Q3 2023/24

People's Leasing & Finance (PLC), reported robust financial performance for the third quarter of fiscal year 2023/24, indicating positive growth and stability amidst a competitive marketing environment.

JPMorgan Fined Nearly $40 billion for two-decade Legal Oversights

Banking giant JPMorgan Chase (NYSE: JPM) has suffered financial B and possible reputational setbacks due to a series of legal oversights stemming from the firm's failure to adhere to regulatory requirements.

Paytm's Unravelling: Will it Break This Time or Make it Again?

Regarded as the poster boy of India’s fintech rush and start-up ecosystem, Vijay Shekar Sharma built Paytm into India’s largest digital payment platform and financial services provider. However, today, his empire is under scrutiny for repeated regulatory breaches and non-compliance as the Indian central bank has swooped down on its activities and imposed restrictions to ensure that the fintech ecosystem thrives in the world’s fifthlargest economy rather than take a blow on questions of trust and integrity.

People's Bank Empowers Women Entrepreneurs

Celebrating International Women's Day, People's Bank, announced its commitment to women's empowerment through impactful initiatives.

People's Bank Walasgala Branch moves to an Enhanced New Location

People's Bank Walasgala Branch was declared opened at a new and enhanced location.

People's Leasing & Finance Wins Best Commercial at Sumathi Awards for 'Api Eka Karale Wee' Campaign

People's Leasing & Finance (PLC) received the Sumathi Award for Best Commercial of the Year at the 29th Sumathi Awards 2024.

DFCC Bank Resilient Amidst Economic Headwinds

DFCC Bank reported a Profit Before Tax of 10,960 million rupees and a Profit After Tax of 7,220 million rupees for the year ended December 31, 2023.

The Dynamo of Dinemore

Very few may know the story of Dinemore, one of the most popular semi-fast food restaurants in Sri Lanka, entirely home-grown with a global footprint. Very few may know that one man’s ambition to start his restaurant spurred the eating-out culture in Sri Lanka and saw the‘submarine’ finally land on our plates. When M S M Rishard started Dinemore in 1997, he had a mission to serve the entire country, every Sri Lankan, provide the space for shared company and conversations, meet friends, and enjoy cheerful night outs. His long and untiring journey of 27 years ago is inspiring. The hands-on leader and multitasker who led from the front, cooked, served, and opened the door to patrons knew the ropes of his business inside and out. Speaking with Business Today, he described his journey to success, his constant desire to learn and grow, investing in quality and giving value for money, his desire for every Sri Lankan to savor the pleasure of dining out, and how his business has become a valuable entity contributing to the country’s reserves and generating employment by prioritizing its investment decisions for maximum gains and sustainability.

Ten Countries with The Best Weed in The World 2024

As we venture into 2024, several countries have emerged as Leading contributors to the world of premium cannabis.

President Ranil Wickremesinghe and Prime Minister of Thailand Srettha Thavisin Forge Historic Ties, Sign Landmark Trade Agreement

Iam incredibly pleased to welcome Prime Minister Thavisin and the accompanying high-level delegation to Sri Lanka, including the Deputy Prime Minister, Minister of Commerce, and the Deputy Minister of Foreign Affairs.

People's Bank celebrates 76 years of Independence by offering gifts to Newborns

People’s Bank celebrated Sri Lanka’s 76th National Independence at a modest ceremony followed by a series of island wide initiatives.

People's Bank and Hayleys Agriculture Form Strategic Alliance for Agricultural Advancement

People's Bank and Hayleys Agriculture Holdings have entered into a strategic Memorandum of Understanding (MoU) aimed at fortifying Sri Lanka's agricultural landscape.

HNB enters MoU with SLAF and Agro World

HNB announced its strategic partnership with the Sri Lanka Agripreneurs' Forum (SLAF) and Agro World, which aimed to empower small and medium scale farmers participating in the Smart Village Program.

How much Money does Bernard Arnault make a Second?

The chairman and CEO of LVMH Moët Hennessy Louis Vuitton SE, Bernard Arnault is currently the wealthiest individual globally, with a staggering net worth of USD 228.3 billion.

Sri Lanka's Best Corporate Citizen continues to Record Sustainable Performance

Hatton National Bank (HNB) showcased strong and sustainable performance in 2023 in all aspects, namely liquidity, asset quality, capital, efficiency and profitability amidst global and local economic uncertainties.

DBS Debacle and Accountability

Tying remuneration policies to drive the correct behavior and corporate accountability is the lesson from a recent pay cut imposed on the CEO of a leading Singapore bank.

Shashi Kandambi as new General Manager and CEO for NSB

Shashi Kandambi, a prominent banking professional, has assumed office as the 19th General Manager and CEO of National Savings Bank (NSB) on January 10, 2024.

HNB and 3W Global Education join hands to empower students

HNB has entered into a partnership with 3W Global Education to facilitate access to affordable financial solutions for students.

DFCC Bank introduces Tailored Financial Flexibility for Freelancers

DFCC Bank has introduced DFCC Freelancer, a revolutionary financial solution exclusively tailored to meet the dynamic needs of freelancers.

Chef Dharshan Munidasa Awarded 'The Order of The Rising Sun, Gold and Silver Rays'

Chef Dharshan Munidasa, Founder of Nihonbashi and Ministry of Crab, receiving the award from Mizukoshi Hideaki, Ambassador of Japan to Sri Lanka.

Global Debt

Imagine every living person in the world, adults, children, and even infants, every ablebodied individual to the not-so-able, having to work for three and a half years to pay off a colossal global debt of $300 trillion. The debt narrative has come to grip an increasingly unstable world, even as many countries have hit the pit with unwholesome debt in recent years. Everyone’s taking stock of the dangers and consequences of unbridled borrowing as the fear of households, businesses, and countries drowning in debt looms.

President Ranil Wickremesinghe Emphasizes Immediate Reforms in Global Financial Structure

President Ranil Wickremesinghe at the Third South Summit in Kampala, Uganda. Also present were Deputy Prime Minister of Somalia Salah Jama; South Africa's Minister of Foreign Affairs Naledi Pandor and Acting Foreign Minister of the Republic of Sudan Ambassador Ali Al-Sadiq.

Labor Market Trends

Mere numbers may not be the easiest way to gauge the health of Sri Lanka's labor market. However, recent data released by the Central Bank of Sri Lanka show changes in labor force participation, falling below 50 percent of the total employable population.