An e-commerce readiness report on Sri Lanka has revealed that despite the general optimism among Sri Lankan businesses with regards to the use of e-commerce, the present state of e-commerce development in the country remains “basic”.

Capital market operator, the Colombo Stock Exchange (CSE) this morning kicked off its initiative to offer a fully digital on-boarding experience that would allow smoother and efficient operation of the bourse.

Sri Lanka ranks 83 among 162 jurisdictions on the Economic Freedom of the World index, a position it has secured by gaining 15 places over the last year.

Sri Lanka will see the setting up of a sea cucumber processing plant in Jaffna with the Board of Investment (BOI) having inked an agreement with a local entity.

Local foodies will be able to taste Sri Lanka’s food heritage come October with Lanka Exhibition & Conference Service (LECS) organising ‘The Street Food Festival’ to promote the nation’s cuisine.

Developing Asia will witness dampened economic growth this year, a contraction that will take place for the first time in six decades, the Asian Development Bank (ADB) said.

President Gotabaya Rajapaksa has instructed officials to implement a short-term and long-term plan in collaboration with the public, private sectors and small-scale farmers to meet the local demand for liquid milk.

State Pharmaceutical Corporation of Sri Lanka (SPC), the State-owned manufacturer and distributor of medicinal drugs is considering expanding its reach significantly by establishing 100 new drug stores within retail outlets of Sathosa and Co-op Super

Baring Private Equity Asia (BPEA), one of the largest private alternative investment firms in Asia, and Virtusa Corporation, which employs over 3, 000 software engineers in Sri Lanka, yesterday announced a definitive merger agreement under which fund

The government has decided to make it mandatory for government and semi government institutions to allocate 25 percent of their advertising budgets to State-run media institutions so that that government doesn’t have to allocate moneys from the nat

Cabinet of Ministers has given its nod to State-run Litro Gas Lanka Limited to purchase US $ 3.76 million worth of new empty metal cylinder containers for liquid petroleum gas (LPG) from two companies for the year 2020.

Prime Minister Mahinda Rajapaksa, who is also the Finance Minister, has told Sri Lanka’s bank chiefs to follow a lenient policy when giving out loans.

Indocean Developers has informed buyers of Altair apartments that a recent Supreme Court decision relating to a management rights dispute involving two groups of shareholders was only a denial of a plea by one party to the dispute to dismiss a case f

Sri Lanka Telecom (SLT) and Mobitel have connected Lankagama, a village bordering the Sinharaja Forest Reserve, with high-speed 4G/LTE broadband and voices services.

Colombo-based Fly Lankan Asia (Pvt.) Ltd has requested permission from authorities to operate domestic and international flights carrying passengers as well as cargo and mail services.

The government is planning to hand over the lands belonging to loss-making plantation companies to tea smallholders as a pilot project, a statement by the President’s Media Division said.

Instead of passively waiting for foreign investors to come, the stockbrokers at the Colombo bourse have been asked to proactively engage local investors as there is huge potential for share valuations to increase in the near future.

A survey carried out by SriLankan Airlines among its loyal customers has revealed that 44 percent of the respondents believe that it would be safe to fly within three months in the current context, despite COVID-19 pandemic has not shown any signs of

Softlogic Life Insurance PLC, a unit of Softlogic Holdings PLC and the country’s third largest life insurer said, it finalised two landmark deals to the tune of US $ 30 million (Rs.5.6bn) .

Sri Lanka’s export promotion agency, the Export Development Board (EDB) announced it has joined hands with the Foreign Ministry to boost the nation’s export revenue and mitigate the negative impact of the COVID-19 pandemic on the industry.

Taxi hailing App, Uber launched in Colombo today its new package delivery service ‘Uber Connect,’ which will allow residents of Colombo to send and receive parcels within city limits.

The Finance Ministry today said vehicle permit holders who haven’t been unable to import vehicles due to import restrictions, can purchase unregistered vehicles already imported to the country from registered vehicle importers/sellers at market pri

Sampath Bank PLC today announced the appointment of President’s Council (PC) Harsha Amarasekera as the bank’s new Chairman (Non-Executive, Non- Independent) with effect from 30 August 2020.

The Department of Census and Statistics (DCS) the main statistical organization of the government, has initiated an on line survey to measure the impact caused by COVID-19 pandemic to the Sri Lankan economy.

The Information and Communication Technology Agency (ICTA) and the United Nations Development Programme (UNDP) in Sri Lanka signed a 4-year Memorandum of Understanding (MoU)today to support the island nation’s aspirations for digital transformation

The Board of Investment (BOI) initiated dialogue with the British High Commission in Colombo to look at avenues to bring into the country the much required Foreign Direct Investments (FDIs).

LOLC releasing its first quarter results for FY20/21, today said it has recorded the highest ever profit-after tax (PAT) of Rs.37.2 billion compared with Rs.5.6 billion recorded for the corresponding quarter of the previous year. Profit attributed to

President’s Secretary Dr.P.B. Jayasundara this week (24) told a private television station that Sri Lanka has amassed vehicles enough for the next two and a half years during the five-year period of 2014-2019.

The growth in land values in the Colombo district fell below 10 percent for the first time in years, decelerating to 7.1 percent year-on-year (YoY) in the first half of the year from 10.8 percent recorded in the second half of 2019, according to the