Consumer prices measured by the National Consumer Prices Index fell further into negative territory in October after the index tipped into deflation in September due to repeatedly cut energy prices.

President Anura Kumara Dissanayake yesterday outlined ambitious plans to boost the country’s economy through targeted development in tourism, IT, fisheries, and mineral resources, while stressing the importance of public-private partnerships and a

Sri Lanka is gearing up to host its first-ever Marine Summit, titled Voyage Sri Lanka 2024, scheduled to take place at the Kingsbury Hotel in Colombo on November 26. The event, organised by the Export Development Board (EDB) in collaboration with ke

Sri Lankan banks’ credit profiles could improve alongside a completed sovereign debt restructuring, Fitch Ratings said, highlighting the strong link between sovereign financial health and banks’ operating conditions.

Sri Lanka is leveraging strong support from fast-growing economies, particularly India, to expand its transshipment operations as the Sri Lanka Ports Authority (SLPA) is advancing major development projects, an official said on Wednesday.

Indices closed in red as a result of price losses in counters such as John Keells Holdings, Commercial Bank and Sampath Bank with the turnover crossing Rs. 7.0 bn.

Elevating its digital presence to new heights, National Development Bank PLC (NDB) has been recognised with the YouTube Silver Creator Award, marking an unprecedented achievement as the first Sri Lankan bank to this milestone, highlighting NDB’s de

Reinforces digital leadership in Sri Lanka’s banking sector

The PIM Alumni Association (PIMA) announced the appointment of Shantha Katipearachchi as its new President for the year 2024/25.

AIA Sri Lanka announced a remarkable achievement, having secured three esteemed awards in recognition of its commitment to customer well-being and social responsibility.

Commercial Bank of Ceylon has announced a partnership with AgStar PLC to promote smart agriculture machinery and equipment via the bank’s Diribala Green Development Loan Scheme.

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, is redefining the digital experience for over 3 million users with its WOW Superapp, reflecting the company’s vision of ‘The Future. Today.’ The WOW Superapp, launched in 2023 and the f

The bustling Nittambuwa town is to be the latest location to receive a purpose-built eco-friendly branch building of Ceylinco Life, as Sri Lanka’s life insurance leader continues the greening of its operations across Sri Lanka. Ceylinco Life Chairm

DIMO recently supplied a Kalmar reach stacker to Rank Container Terminals (RCT), a prominent player in the country’s logistics industry.

Senior Economist and former Central Bank Governor Dr. Indrajit Coomaraswamy expressed optimism about the completion of the third review of the International Monetary Fund (IMF) bailout package by mid-February next year, as stipulated by President Anu

The Ceylon Electricity Board (CEB) reported a turnaround performance in the three months through September 2024, at both top and bottom-line levels, as the state-owned power behemoth turned to black, helped by the repeatedly raised tariffs in the las

The Sri Lankan fashion industry is abuzz with excitement as Niloufer, former Founder and Managing Director of Cotton Collection, returns to the spotlight with the launch of her new brand, NLFR.

Sri Lanka’s tea exports reached 20.79 million kilogrammes in October 2024, a 14 percent increase from 18.21 million kilogrammes in the same month last year, with all product categories showing growth, the industry data showed.

Teejay Lanka PLC, Sri Lanka’s first multinational textile manufacturer, announced the expansion of its business into the Arab Republic of Egypt.

The ASPI edged up as a result of price gains in counters such as John Keells Holdings, Commercial Bank and Lion Brewery with the turnover crossing Rs. 2.7 Bn.

The secondary market yield curve continued to dip across the board, driven by the sustained bullish sentiment, while generating moderate volumes.

The Asia Tea Alliance (ATA) meeting and Asia International Tea Summit 2024 brought together industry leaders, apex associations, and Tea Boards from Asia’s major tea-producing nations, convened by Solidaridad Asia and the Indian Tea Association to

Hemsons International announced the launch of its newly refreshed brand identity.

he Free Trade Zone Manufacturers Association (FTZMA) on behalf of its executive committee and all its members, extends warmest greetings and congratulations to the National People’s Power (NPP) for securing a landslide victory in the recent General

Sampath Bank announced that its Managing Director, Ayodhya Iddawela Perera, has been awarded the Gold Award at the 14th Top50 Professional & Career Women Global Awards 2024, recognising her outstanding contributions to Sri Lanka’s finance and banki

HNB PLC has renewed its partnership with UNIMO Enterprises, the subsidiary of United Motors, to offer ground-breaking leasing solutions tailored to Sri Lankan vehicle buyers.

In a significant leap forward in cybersecurity, Dialog Enterprise, the corporate ICT solutions arm of Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, introduces Dialog Cyber Protect Cloud—a groundbreaking platform that revolutionizes clo

SriLankan Airlines, the official Airline Partner of the Sri Lanka Design Festival (SLDF), premiered the latest range of products under its award-winning upcycle brand ‘Mathaka’, at the event held from November 06 to 11, 2024 at Cinnamon Life.

Mastercard has collaborated with the Computer Society of Sri Lanka (CSSL) as a strategic partner for the 42nd National Information Technology Conference (NITC) 2024.