Fonterra Co-operative Group Ltd has provided an update on its work to explore potential divestment options for its global Consumer business, as well as integrated businesses Fonterra Oceania and Fonterra Sri Lanka.

The Board of Investment (BOI) of Sri Lanka has partnered in a US$ 12.16 million agreement with Celogen Lanka, a prominent local pharmaceutical manufacturer to support its research and development (R&D) initiatives.

Nissan has said it will lay off thousands of workers as it slashes global production to tackle a drop in sales in China and the US.

The European Union (EU) Ambassador to Sri Lanka, Carmen Moreno recently held discussions with the newly appointed Chairman of the Board of Investment (BOI) Arjuna Herath along with BOI Director General Renuka M. Weerakone.

The Sri Lanka Computer Emergency Readiness Team (SLCERT) warned WhatsApp users today not to share any one-time password (OTP) with third parties, as their accounts are at risk of being hacked.

The next review of the International Monetary Fund (IMF) will be delayed, the Central Bank confirmed on Friday.

The Canadian government has issued a travel advisory urging travellers to exercise a high degree of caution in Sri Lanka due to demonstrations, the threat of terrorist attacks and crime, particularly in the Arugam Bay area.

Several countries have issued travel advisories for their citizens travelling to Sri Lanka, urging a high degree of caution.

Sri Lanka Tourism warmly invites travellers from around the world to visit the island during the upcoming tourist season.

The Russian Embassy has urged its citizens to remain vigilant and avoid large crowds in response to potential threats against foreign tourists in Arugam Bay.

The US Embassy in Colombo said it has received credible information on a potential attack targeting popular tourist locations in the Arugam Bay area. As a precaution, the Embassy has imposed an immediate travel restriction on its personnel to Arugam

The passenger ferry service between Nagapattinam in India and Kankesanthurai (KKS) near Jaffna in Sri Lanka’s Northern Province is currently operating smoothly, IndSri Ferry Service Pvt. Ltd Managing Director, S. Niranjan Nandagopan said.

Sri Lanka’s finance and leasing companies (FLCs) are set to benefit from the country’s economic recovery, moderating inflation and lower interest rates, Fitch Ratings said in a recent report, projecting improved performance for the financial year

Sri Lanka welcomed 63,491 tourists in the first half of October, in continuing with the slowdown in tourist arrivals, ahead of the winter season, the Sri Lanka Tourism Development Authority (SLTDA) data showed.

The Export Development Board (EDB) has a new chief to drive it forward with Mangala Wijesinghe appointed as its Chairman and CEO.

Cinnamon Life at City of Dreams Sri Lanka, the highly anticipated luxury development by John Keells Group (JKH), opens its doors today for a soft launch, marking a historic moment in Colombo’s evolving skyline.

A new Board of Directors has been appointed for SriLankan Airlines with Sarath Ganegoda as the Chairman.

Senior Professor Hareendra Dissabandara has been appointed as the new Chairman of the Securities and Exchange Commission (SEC) of Sri Lanka.

With data confirming the worst ecological crisis facing coral reefs, amidst the ongoing fourth and most extensive coral bleaching event on record, an emergency special session has been called for October 30 on the sidelines of the UN Biodiversity Con

The World Bank and the Government of Sri Lanka today signed the Second Resilience, Stability, and Economic Turnaround (RESET) Development Policy Operation (DPO) for $200 million.

The selling rate of the US dollar has fallen below Rs. 300 for the first time since June 8, 2023.

The 30th anniversary International Forum and Exhibition OTDYKH Leisure 2024 concluded on September 19 at the Expocentre Fairgrounds, attracting over 9,000 industry professionals, including representatives from Russian regions, foreign delegations, to

Gold prices are expected to continue its record-breaking upward trajectory with forecasts projecting a new all-time high of US $ 2,750 per ounce by the end of 2024, according to a report by the Union Bank of Switzerland.

The Monetary Policy Board of the Central Bank of Sri Lanka has decided to maintain its policy interest rates at their current levels.

Fitch Ratings announced today it has affirmed Sr Lanka’s LongTerm Foreign-Currency Issuer Default Rating (IDR) at ’RD’ (Restricted Default) and Long-Term Local-Currency IDR at ’CCC-’.

The hit on Sri Lanka’s tourism sector is expected to only further aggravate, with a proper solution yet to be implemented.

Sri Lanka’s economic growth slowed, government data showed Sunday, days ahead of the first presidential elections since an unprecedented financial meltdown in 2022.

Sri Lanka’s export fraternity yesterday asserted that the next President must have clear and robust policies that enable exporters to thrive, ensuring they have access to the resources, support, and international market opportunities they need to s

The Water Supply and Estate Infrastructure Development Ministry welcomed the approval of a USD 100 million policy-based loan from the Asian Development Bank (ADB) to support transformative reforms in Sri Lanka’s water supply and sanitation sector.

The People’s Bank issued a statement to address and clarify a recent allegation insinuating that an improper transaction is taking place pertaining to an IT system upgrade at People’s Bank.