BBC: There has been a second day of disruption for travellers at Heathrow after British Airways cancelled at least 42 more short-haul flights following Thursday’s IT problems.

Construction and housing expo Build Sri Lanka 2023 kicked off yesterday at the BMICH, showcasing the latest development in the industry.

The kithul industry in the Ratnapura district has developed into a high income generating industry by the Agriculture Ministry, with several product categories successfully reaching the shelves of international markets.

The offerings at the Colombo Tea Auction totalled 7.1 MnKgs, similar to that of last week and were met with fair demand at easier rates.

Sri Lanka’s merchandise exports plunged 16.5 percent year-on-year (YoY) to US $ 814.1 million in April, bringing the cumulative export earnings for the first four months of 2023 to US $ 3.81 billion, an decrease of 9.78 percent YoY, data from the E

Sri Lanka needs to step up efforts in enticing a larger proportion of its population across all provinces towards embracing entrepreneurship so that the impacts of the ongoing economic crisis would lessen, the Central Bank asserted.

In an effort to become more integrated in global trade, Sri Lanka will apply for membership to the Regional Comprehensive Economic Partnership (RCEP), President Ranil Wickremesinghe announced yesterday.

For the sixth time in its post-independent history, Sri Lanka has been able to record Rs.48 billion surplus in the primary balance of fiscal accounts during the first quarter of this year, State Minister of Finance Ranjith Siyambalapitiya revealed.

The leading blue-chip conglomerate, Aitken Spence PLC reported an impressive EBITDA (earnings inclusive of equity accounted investees, before interest expenses, tax, depreciation, and amortization) of Rs. 30.1 billion with a growth of 30.3 percent, s

Thaala Bentota, formerly known as Avani Bentota, unveiled its rebranding yesterday, marking a new era of excellence in Sri Lankan hospitality.

Senior banker Damith Pallewatte is set to take reins from Jonathan Alles as the Managing Director/CEO of Sri Lanka’s second largest private bank, Hatton National Bank PLC with effect from August 24, 2024.

The downward trajectory of Sri Lanka’s tea production is expected to reverse in 2Q23, tea brokers said.

Laugfs Holdings Limited, one of Sri Lanka’s largest diversified conglomerates with a portfolio of over 20 businesses spanning multiple industries, has recently appointed Agasthi Jayagoda as General Manager - Group Head of Strategy.

Efforts are underway to form a Cyber Security Authority this year, the Ministry of Technology announced today.

Concluding its visit to Sri Lanka, the International Monetary Fund (IMF) staff mission says the macroeconomic situation in the country is showing tentative signs of improvement, with inflation moderating, the exchange rate stabilizing and the Central

The 10th edition of Sancharaka Udawa, Sri Lanka’s largest travel and tourism fair, kicked off yesterday, bringing together industry officials and professionals onto a single platform.

Sri Lanka’s rupee further appreciated against the US dollar (US$) yesterday dropping below Rs.300 for the first time since April last year as the Central Bank (CB) took a breather from its dollar purchases to allow consumption to rebound.

Cinnamon Hotels and Resorts, Walker’s Tours, Aitken Spence Hotels, Aitken Spence Travels, Jetwing Hotels, and Jetwing Travels join forces with SLTPB and SriLankan

The European Union (EU) has expressed its willingness to extend support to Sri Lanka as it adapts to the impacts of climate change. The EU has said it is committed to working with Sri Lanka to help the country build a more resilient and sustainable f

​State Minister of Finance Shehan Semasinghe and State Minister of Social Empowerment Anupa Pasquale this week chaired a discussion with Central Bank Governor Dr. Nandalal Weerasinghe on regulating the Samurdhi banking system.

The Bank of Ceylon (BOC) Annual Report 2022 was presented to President Ranil Wickremesinghe, the Minister of Finance, Economic Stabilisation, and National Policy, by BOC Chairman Ronald C. Perera at the Ministry of Finance yesterday.

BBC: Montana is set to become the first US state to ban Chinese-owned media giant TikTok from personal devices.

Oceanpick, Sri Lanka’s first and South Asia’s largest oceanic finfish farm, has reached another momentous milestone for its ocean-grown Barramundi having successfully entered the European market through its strategic partnership with Kangamiut Se

The Grand Ward Place, the ultra-luxurious flagship project of Prime Group declared open with its esteemed clients and project partners this week.

To help Sri Lanka advance the national development agenda to tackle some of the most pressing challenges faced in society, efforts are underway to strengthen the social innovation ecosystem in the island nation.

People’s Bank has denied views expressed on the Bank’s non-performing loan write-offs as shared in certain social media groups.

To entice Chinese travelers to visit the island nation, the Ministry of Tourism and the Sri Lanka Tourism Promotions Bureau (SLTPB) has planned a series of activities to be carried out towards the second half of May.

Cash-strapped Sri Lanka’s national airline announced a staggering US $ 525 million annual loss yesterday

The government defended the proposal to raise the short-term Treasury bill ceiling by Rs.1 trillion, given the prevailing high market yields on the longer-tenure Treasury bonds, due to the uncertainty prevailing over domestic debt restructuring.