The Commercial Bank of Ceylon led Sri Lanka’s banking sector when it received the Business Today (BT) Top 40 award from President Ranil Wickremesinghe at the awards presentation, held on April 20.

The Commercial Bank of Ceylon has been recognised as Sri Lanka’s Best Bank once again by the US-based Global Finance magazine, at its 30th annual awards ceremony for the World’s Best Banks 2023, reaffirming the Bank’s reputation as the top performer in the country’s financial industry.

Sri Lanka will get support from the World Bank Development Policy Financing Program, to support the on-going economic stabilisation and recovery process.

A team of officials from Sinopec visited Sri Lanka in order to finalise the agreements and commencement of operations for retail fuel sales, Minister of Power and Energy Kanchana Wijesekera said.

The Bank of Ceylon yet again set a record during Avurudu Season with over Rs. 174 billion worth of transactions taking place in its CDM, CRM and ATM terminals.

Sri Lanka’s Ceypetco has issued a tender to buy 500 ppm Sulphur gasoil contract cargoes for the first time in more than a year, a tender document on the company’s website showed on Monday.

The Commissioner General of the Inland Revenue Department, D.R.S. Hapuarachchi says that the department has collected Rs. 316 billion as tax revenue during the first quarter of the year 2023.

Sri Lanka’s Trincomalee port in the North East coast of the island has started night operations with equipment granted by the government of Japan, the Ministry of Ports and Aviation said.

According to a survey conducted by the National Physical Planning Department in Sri Lanka, urbanization in Sri Lanka has increased to 45 percent.