As the premier professional body of economists, the Sri Lanka Economic Association (SLEA) recently announced Dr. Gamani Corea Annual Junior Research Awards for Young Economists 2022, a competition to promote a research culture and raise the excellenc

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) strengthened the taxation profession in the country further by producing 57 new Certified Tax Advisors (CTA), which is one of the most recognised taxation qualifications in Sri Lanka.

The South Asian Federation of Accountants (SAFA) holds its SAFA SME Development Conference 2022 today, from 3:00 p.m. to 8:00 p.m., via the Zoom platform

The Sri Lanka Association of Software Services Companies (SLASSCOM) is currently embarking upon a proud milestone of hosting the SLASSCOM National Ingenuity Awards for the fifth consecutive year on Friday, July 1, 2022, at Shangri-La Hotel.

Key authorities of Sri Lanka Tourism said they are doing “everything possible” and are exploring all avenues to pull the sector towards the positive growth trajectory, an effort that is becoming increasingly challenging as economic conditions wor

A woman who suffered severe burn injuries from a gas cooker explosion filed a lawsuit before Colombo District Court claiming damages.

Melanie Janine Kanaka, FCMA, CGMA, has been elected the 89th President of The Chartered Institute of Management Accountants (CIMA), the world’s largest professional body of management accountants, and is the first-ever Asian woman to become its chi

The Colombo Tea Auction saw approximately 6.0 MnKgs come under the hammer, which is marginally lower to the previous week’s quantity of 6.1 MnKgs.

Sri Lanka’s tea production for the month of May 2022 totalled 26.04 M/Kgs, a dip of 16 percent Year-on-Year (YoY).

Airbnb, worldwide accommodation leader announced this week its plan to give away US$ 10 million to help finance 100 of the craziest ideas.

WSO2 Founder and CEO Dr. Sanjiva Weerawarana recently won the 2022 IEEE TCSVC Research Innovation Award, for outstanding technical innovations in the field of services computing that have had a lasting impact.

In an effort to help communities survive the ongoing economic crisis, the worst experienced in Sri Lanka since independence, a UNDP-led private sector giving facility was launched in Colombo this week.

Former Central Bank (CB) Governor Ajith Nivard Cabraal claims that CB has returned to fixing the rupee/dollar exchange rate through the introduction of the so-called ‘guidance’ rate which he views as similar to the fixed rate adopted by the CB un

India’s top diplomat held talks with Sri Lanka’s President and Prime Minister yesterday as India signalled its willingness to go beyond US$ 4 billion in loans, swaps and aid that it has already provided its cash-strapped neighbour.

Sri Lanka stands among the nations that has made little progress in achieving the gender equality target under Sustainable Development Goals by the year 2030, the latest assessment by UN Women revealed.

The Labour Ministry plans to commence discussions with trade unions and employers with a view to increase the minimum wage by a “significant” amount in line with the cost of living.

The deleveraging exercise of Lankan corporates has hit a snag after interest rates rose sharply amid the economy’s collapsing, casting a long shadow on those who were planning to divest part of their assets to cut debt.

In what appears to be a second round effect of the April 8 mega policy rate hike, banks delivered another hike in interest rates charged on credit cards as the Central Bank lifted administrative caps on credit card and other select loans, giving comp

The Colombo Stock Exchange (CSE) yesterday announced the appointment of Dilshan Wirasekara as the Chairman of the Board of Directors of the CSE with effect from June 24th.

Sri Lanka will hold a donor conference with China, India and Japan, as the island nation seeks overseas assistance to overcome the worst economic crisis since its independence, Prime Minister Ranil Wickremesinghe told Parliament yesterday.

The top rice millers in the country remain divided over the controlled prices imposed by the government on rice, with at least one of the largest rice millers asking the government to increase the maximum retail price (MRP) on Nadu by Rs.25, in order

Business magnate Dhammika Perera was sworn in as a Member of Parliament yesterday, after the Supreme Court rejected the Fundamental Rights applications filed challenging his appointment to Parliament earlier this week.

Eyeing a US $ 1 billion export income, the government has identified 5,000 acres of lands for investors to set up sea cucumber production and export villages in the Jaffna, Mannar, Kilinochchi and Batticaloa districts.

Sri Lanka has been sued in the US by a bondholder after the island nation defaulted on its debt for the first time in history amid an unprecedented economic crisis caused by the pandemic and gross economic mismanagement.

Sri Lanka is losing around Rs.94 billion annually from the concessionary vehicle permits, which is nearly equivalent to the amount the government collects from taxing vehicle imports, making a mockery of the government’s vehicle taxation policy.

Verité Research has launched a new dashboard inside its PublicFinance.lk platform. The dashboard is called ‘Infrastructure Watch’.

Recognising the need to implement a comprehensive cross border transactions and domestic foreign currency transactions monitoring system as a key national priority, the Central Bank of Sri Lanka (CBSL) has implemented a new data collecting system kno

A new publication from the Institute of Policy Studies of Sri Lanka (IPS) calls for a legally binding master plan for public transportation in Sri Lanka, whereby urban transport will become a fully integrated system instead of a collection of project

To tackle the escalating issue of Sri Lanka’s plastic waste management, the Ceylon Chamber of Commerce has initiated the implementation of an Extended Producer Responsibility (EPR) model, which requires all stakeholders generating plastic waste to

Today, Sri Lanka is going through the worst economic crisis it has ever faced since it gained Independence from the British in 1948. The root cause of the crisis has been identified as lack of foreign remittances resulting in dwindling foreign reserv