From tantalising plates to creative bakes, Cafe 2023, the culinary art food expo - international processed food and hospitality exhibition, showcased the best of global cuisines in Colombo.

AFI Corp, a technology solutions company that services a diverse clientele across the globe, unveiled its state-of-the-art Innovation Labs recently.

Distinguished global leader and former International Chamber of Commerce (ICC) Chairman Ajay Banga takes on the post of 14th President of the World Bank for a five-year term, beginning June 2023.

Hatton National Bank PLC (HNB) yesterday announced the resignation of its Chairperson Aruni Goonetilleke and the subsequent appointment of Nihal Jayawardene PC as its new Chairman.

The Joint Apparel Association Forum (JAAF) yesterday expressed “deep” concern and disappointment on the government’s decision to terminate the long and well-functioning Simplified Value-Added Tax (SVAT) scheme.

The Sectoral Oversight Committee on National Security has opposed the government’s proposal to privatise Sri Lanka Telecom PLC (SLT), as such a move could be detrimental to national security.

Payment of compensation for depositors of Swarnamahal Financial Services PLC (SFSP) will recommence under the Sri Lanka Deposit Insurance and Liquidity Support Scheme, the Central Bank announced.

People’s Leasing & Finance PLC yesterday said it entered into a share purchase agreement with Janashakthi Limited to acquire 33 percent stake in First Capital Holdings PLC for a consideration of Rs.4.95 billion.

Sri Lanka will be able to speed up its efforts in reviving its economy as it has obtained approval from the Asian Development Bank (ABD) to access concessional financing.

Ushering in a new wave of inbound luxury cruise tourists to Sri Lanka, Advantis, the transportation and logistics arm of Hayleys Group, welcomed the MS Empress of Cordelia Cruises yesterday.

The trading to Nawaloka Hospitals PLC shares has been suspended with effect from June 16, 2023 due to Disclaimer of opinion in the Independent Auditor’s Report on the company’s annual report for the year ended March 31, 2022.

Orel IT, Sri Lanka’s leading IT exporter, is once again making big waves with Orel Cloud—the nation’s largest Single Technology Cloud Stack, empowering businesses to unleash their full potential.

The way forward for Sri Lanka’s tourism sector is to improve focus on niche tourism instead of focusing on the number of visitors entering the island nation, Sri Lanka Tourism Development Authority (SLTDA) said.

Facilitated by recent tax reforms, the government expects income tax files to increase by nearly five-fold from 205,200 to one million boosting the country’s income tax revenue and enhancing the direct and indirect tax ratio to 40 percent vs. 60 pe

President Ranil Wickremesinghe this week announced plans to establish a Digital Promotion Agency aimed at developing computer applications for the collection and monitoring of data from various government entities in the country.

Sri Lanka’s tea exporters yesterday expressed “deep concerns” over the government’s decision to abolish the Simplified Value-Added Tax (SVAT) system as they fear the move will create cash flow difficulties for them among several other issues.

Sri Lanka will be able to speed up its efforts in reviving its economy as it has obtained much-awaited approval from the Asian Development Bank (ABD) to access concessional financing.

The Food and Agriculture Organization of the United Nations (FAO) through the European Union (EU)-funded BESPA-FOOD (Best Standardized Practices for the Agri-Food Sector) project will support the government to establish a well-coordinated food safety

A new analysis by International Air Transport Association (IATA) released this week showed that post-pandemic, unruly passenger incidents are on the rise.

Sri Lanka’s economy is showing tentative signs of improvement, due to the implementation of critical policy actions, acknowledged visiting senior International Monetary Fund (IMF) official but noted recovery remains challenging.

Sri Lanka will see a further improvement in the supply of goods from the global market as early as next week, with the government announcing plans to ease the currently prevailing import restrictions.

The Colombo Tea Auction this week saw the prices for almost all the categories decline further, as the Sri Lankan rupee strengthened.

CNN: Macy’s, Costco and other big chains say shoppers are pulling back at their stores and changing what they buy. That could be a red flag for the US economy.

The fourth quarter of FY 2022/23 marked the close of a challenging year for Hela Apparel Holdings PLC.

Leading social media influencer Khalid Al Ameri, who is based in the Middle East, yesterday announced his visit to Sri Lanka.

China this week reiterated its commitment to Sri Lanka, stating it would always stand by Sri Lanka’s sovereignty as well as for political independence and socioeconomic development.

Vidullanka PLC reported a profit after tax (PAT) of Rs.913 million for the financial year ended on March 31, 2023, as per the latest interim financials published in the Colombo Stock Exchange.

The Central Bank yesterday delivered a surprise policy rate cut, bringing nearly two years long tightening cycle to a close and left open the door for further rate cuts in the next few months among other measures to ease remaining restrictions on imp

Ranil Wickremesinghe Sri Lanka will introduce a new system called ‘Lab methodology’ to promote investments ensuring effective implementation of business proposals, President Ranil Wickremesinghe said in his televised address to the nation yester

The government in a fresh gazette yesterday specified additional classes of persons required to register with the Inland Revenue Department (IRD), which is an attempt to broaden the country’s taxpayer base.