REUTERS: Suez Canal salvage teams intensified excavation and dredging on Sunday around a massive container ship blocking the busy waterway ahead of attempts to refloat it, with two sources saying work had been complicated by rock under the ship’s b

WindForce Limited, the largest Initial Public Offering (IPO) to hit the Colombo Stock Exchange since 2011, which closed on the opening day, was at least oversubscribed by seven to eight times, according to stock market sources.

In a world first, Tikiri Toys – the acclaimed Sri Lankan brand of natural play products for children – is the first-ever natural rubber toy manufacturing company to be awarded the Global Organic Latex Standard (GOLS) accreditation.

The Sri Lanka Medical Association (SLMA) has called on the government to not market and allow the manufacturing of the new cinnamon cigarettes as there is nothing called ‘harmless’ smoking.

Sri Lanka’s Ministry of Crab once again stood out at a global stage by retaining its title as ‘The Best Restaurant in Sri Lanka’ at Asia’s 50 Best Restaurants 2021.

Russian billionaire Andrey Melnichenko, who was in Sri Lanka earlier this month, had expressed keen interest in developing regional distribution of fertilizer via the Hambantota International Port.

Stuart Gibson, Co-Founder & Co-CEO of Hong Kong listed ESR Cayman Ltd, one of APAC’s largest logistics property platforms, visited Sri Lanka recently.

Tugboats and diggers are working to refloat a giant container ship that has blocked Egypt’s Suez Canal, one of the world’s busiest trade routes.

Labour Minsiter Nimal Siripala de Silva yesterday presented the National Minimum Wages Amendment Bill to Parliament, under which the government seeks to increase the monthly and daily minimum wages of workers

Renewable energy company, WindForce Limited (WIND) said its Initial Public Offering (IPO) worth Rs.3.2 billion, largest IPO since 2011, which opened today on the Colombo Stock Exchange (CSE), was oversubscribed on the opening day.

In an effort to reduce the carbon footprint of businesses, the private sector has proposed an Extended Producer Responsibility (EPR) initiative to be adopted as a more cohesive alternative to address the environmental issues created by flexible packa

Softlogic Holdings subsidiary Odel PLC has entered entered into an agreement with the Urban Development Authority (UDA) to lease, operate and mange Arcade Independence Square for a period of 10 years commencing from April 1, 2021, with an option to r

R I L Property PLC will not suspend the operations of BreadTalk as announced last week, as the company is now in negotiations with a potential investor, who intends to acquire the franchise rights.

The Bolagala Floating Agro Tourism Resort in Katana, the first of its kind in Sri Lanka, has received approval from the Sri Lanka Tourism Development Authority (SLTDA) to open its doors come June.

Present animosity against China or India must be stopped, said senior economist Dr. W. A. Wijewardena, if Sri Lanka is looking to become a developed country in the next generation, an ambition which requires a series of fixes in the economy.

Plantations Minister Ramesh Pathirana has ordered to establish the Kithul Development Board, to regulate and develop kithul (fishtail palms) as a main plantation crop in Sri Lanka.

Sri Lanka has been successful in implementing only seven policy measures that were gender sensitive during the COVID-19 crisis, much lower that the implementation of its regional peers such as Pakistan, India, anSri Lanka has been successful in imple

The Central Bank of Sri Lanka (CBSL) and the People’s Bank of China (PBoC) have entered into a bilateral currency swap agreement with a view to promoting bilateral trade and direct investment for economic development of the two countries, and to be

The Sri Lanka Association of Printers (SLAP) is calling all printers in the country to observe a ‘Black Day’ today to protest against the unprecedented increase in the price of paper and other raw materials, which has resulted in the overall cost

Sri Lanka requires attention towards policy-oriented research activities, a pre- requisite if the country is to avoid growth stagnation, the Central Bank of Sri Lanka (CBSL) said this morning.

REUTERS: Beleaguered casino operator Crown Resorts Ltd said on Monday it received a buyout offer from private equity company Blackstone Group Inc that values the company at A$8.02 billion (US $6.19 billion).

The State Oil Company of Azerbaijan Republic (SOCAR) announced it is eying Sri Lanka to set up its upcoming LNG development by partnering with the Pearl Energy project.

In an effort to extend further relief measures to depositors of finance companies, the Monetary Board of the Central Bank has decided to increase the maximum compensation payment under Sri Lanka Deposit Insurance and Liquidity Support Scheme (SLDILSS

Internet uses across the country could expect to have unlimited data plans by April, the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) announced via Twitter a short while ago.

The iconic Grand Oriental Hotel (GOH), which has been refurbished with an investment of Rs.250 million, will be placed under the management of Waters Edge Recreations, a subsidiary of State-owned hospitality provider, Waters Edge Limited.

Tourists who have received the required dosage of COVID-19 vaccination will be able to spend more time exploring Sri Lanka according to the latest revision of quarantine measures by the Ministry of Health (MoH).

In a fresh Banking Act Direction, the Central Bank has informed all licensed banks and National Savings Bank (NSB) to refrain from purchasing Sri Lanka international sovereign bonds (ISBs) with effect from March 23, 2021 until April 9, 2021

In an effort to increase avenues to increase tourism traffic to the country, the Sri Lanka Convention Bureau (SLCB) together with industry stakeholders have initiated the launch of the ‘Meet in Sri Lanka’ series to cater to the high potential MIC

Rubber plantations have been advised to be vigilant and be on the active lookout for any signs of the leaf disease, Pestalotiopsis, a threat that could impact industry output.

The COVID-19 pandemic struck world will see the light at the end of the tunnel this year, as the global economy is poised for a “solid rebound” in 2021, the United Nations Conference on Trade and Development (UNCTAD) said today.