Overseas Realty (Ceylon) PLC recorded a group revenue of Rs.880 million and a group profit before tax of Rs. 2.3 billion for the first quarter ending 31st March 2023.

With the recent introduction of Indian Rupees (INR) as a designated foreign currency by the Central Bank, Standard Chartered Sri Lanka has completed its first INR transaction for a multinational corporate client in the form of an outward telegraphic

Sri Lankans see real wages eroding by around 20% last year amid red-hot inflation

The government of Japan and the UNDP have joined hands to improve the women’s economic well-being for smallholder farmer families in Sri Lanka.

Fitch Ratings has downgraded Co-operative Insurance Company PLC’s (CICPLC) National Insurer Financial Strength (IFS) Rating to...

The Food and Agriculture Organization of the United Nations (FAO) together with the European Union (EU) have officially launched...

State Minister of Finance Ranjith Siyambalapitiya yesterday said from May 1 procurement activities with a value of more than Rs.200 million....

Sri Lanka, the world’s largest orthodox black tea producer remains confident in retaining the market share and its brand value reflected....

The government is eyeing US$ 2 billion worth of investments to build the proposed North Port of Colombo consisting of three....

Sri Lanka’s tea exports dipped 22 percent year-on-year (YoY) to 17.97 MnKgs in March continuing the declining trend seen in both tea production and exports in recent times, the data released by Forbes & Walker Tea Brokers showed.

REUTERS: The world could breach a new average temperature record in 2023 or 2024, fuelled by climate change and the anticipated return of the El Nino weather phenomenon, climate scientists say.

Mobitel operational offices are scheduled to move into a new state-of the art operational headquarters located in Welikada in May by bringing an estimated savings of Rs.300-400 million per annum on rent for Sri Lanka Telecom PLC (SLT).

For the second week Treasury bill yields rose across all three tenors at Wednesday’s auction, the data released by the Central Bank showed.

​The Hambantota International Port (HIP) last week handled over 900 units of the latest BMWs transshipped from the Port of Koper - Slovenia to the Port of Pyeongtaek in South Korea.

Wall Street closed relatively flat following mixed corporate results, and as a Federal Reserve report said that the US economy was “little changed” in recent weeks.

People’s Bank recently announced that it had facilitated over 8 million transactions worth over Rs.7.6 trillion during this year’s Sinhala and Tamil New Year festivity period from April 1 to 15, through its island-wide network of self-service aut

Workers’ remittances to Sri Lanka crossed the US$ 500 million mark for the first time since April 2021, data released by the Central Bank last evening showed.

In an effort to promote sustainable tourism in Sri Lanka, the Sri Lanka Association of Inbound Tour Operators (SLAITO) and Travelife, an internationally recognised sustainability certification programme for the tourism industry, entered into a partne

Indicating a full recovery of outbound travel, visa applications from Sri Lanka is on course to reach pre-pandemic levels this year after reaching 68 percent of pre-pandemic levels in 2022 driven by pent-up demand, opening of international borders, a

Visa, a leader in digital payment technology, expressed confidence in the local tourism sector playing an active role in helping Sri Lanka’s economy revive, provided the proper digital payment infrastructure is in place.

The company teased the opening of its retail outlet in a brief statement Wednesday, saying it was preparing to greet customers in the financial and commercial hub of Mumbai. Its previous plan to open a store in the country in 2021 was derailed by the

With the new appointment, the Board of Sunshine Holdings will comprise of 12 directors, eight of whom are non-executive, independent directors.

Four hedge funds, holding around 48 percent of the GDP-linked securities issued between 2005 and 2010, sued the South American republic in 2019, seeking damages of up to 643 million euros.

Bond markets have already priced in rate cuts as early as the next policy meeting in June as yields fell sharply across government securities even before this week’s monetary policy meeting.

As the 1990 Suwa Seriya ambulance service has run into a Rs.1.5 billion shortfall in funds this year, a number of leading corporates have stepped up to fill the void by committing Rs.525 million up to now, to maintain the operations of the critical s