The Civil Aviation Authority of Sri Lanka (CAASL) has stepped up efforts to establish a stronger working relationship with the International Civil Aviation Organisation (ICAO), so that the local talent in the aviation sector can have improved access

The United Nations Development Programme (UNDP) in Sri this week reiterated the need for Sri Lanka to protect its unique ecosystem while promoting the tourism sector, as it is a crucial factor towards achieving economic recovery.

Despite the slowdown in the global apparel sector, Sri Lanka’s first textile manufacturer Hayleys Fabric said it is looking to increase its focus on value addition by moving to the higher-end of textile manufacturing.

The Cabinet nod was granted this week to lease two vessels owned by Ceylon Shipping Corporation to Singapore-based Wallem Shipping Pte. during this South Western monsoon period (from June to September).

Singer Sri Lanka PLC, the country’s premier consumer durables retailer, was duly recognised at Asia Emerging Market Awards 2022, organised by Dell Technologies.

For over 60 years, Reckitt has been an integral part of the lives of all Sri Lankans, offering the market a range of solutions that have grown into household names in the consumer healthcare segment, enhancing the hygiene, health and nutrition of peo

The Sri Lanka Book Publishers Association recently appointed a director board for the years 2022/2023.

The virtual roundtable on ‘Investment Facilitation for Development: How Asian and Pacific Economies will Benefit’ was held recently, in Bangkok, Thailand, co-organised by the International Trade Centre (ITC), United Nations Economic and Social Co

As the preferred destination for accounting education in the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) continued to offer contemporary online programmes for its nearly 30,000 accounting students located all over the

A foreign investor yesterday acquired the controlling stake of Ramboda Falls PLC, which owns and operates two resorts with a collective room capacity of 63 in two unique locations in the country.

The Initial Public Offering (IPO) of Luminex Limited, through an offer for subscription of 31,250,000 shares at a price of Rs. 8 per share to raise Rs. 250 million was fully subscribed yesterday.

Sri Lanka’s Securities and Exchange Commission (SEC) is currently in the process of developing a policy and regulatory framework for the introduction of structured warrants as a possible first step towards the development of an exchange traded deri

Sri Lanka’s consumers splurged on foods and beverages and shifted more into modern trade from general trade in the six months through March 2022 amid strong consumer demand and changing consumer behaviour, but it all came to an abrupt halt with the

The Port of Colombo has been ranked as the most efficient port in South Asia and the Indian Sub-Continent, 3rd in the Indian Ocean rim and 22nd among 370 ports globally, in the second edition of the Global Container Port Performance Index (CPPI) 2021

Sri Lanka is in talks with the International Monetary Fund (IMF) to borrow at least US$ 3 billion via the lender’s extended fund facility (EFF), sources familiar with the matter told Reuters.

Sri Lanka’s shipping agents have warned that shipping lines could withdraw from accepting import and export cargo in and out of Sri Lanka, as local agents have failed to remit US $ 70 million in freight charges owed to shipping lines over the past

Sri Lanka’s palm oil industry yesterday requested the government to repeal the bans and other negative policies in place against the industry and liberalise it, so the industry could play its part to support the country’s dollar-starved economy.

The proposal to get big-time electricity consumers to pay more was not well-received by the Board of Investment (BOI) companies, which cautioned that any such move would only further exacerbate the crisis situation for businesses.

Fulfilling its ambition of becoming a multinational, LOLC Group recorded an upsurge in profits by as much as 46 percent over the previous year to deliver a profit before tax of Rs.83.8 billion and profit after tax (PAT) of Rs.77.8 billion for the fin

Treasury bill yields eased for the second week in a row yesterday after the Central Bank sent a strong signal a fortnight ago that the yields have overshot and hence, it would not hesitate to intervene to stabilise and reverse the trajectory by injec

Sri Lanka’s economy grew at a slower pace of 3.3 percent in 2021, under the rebased gross domestic product (GDP) estimates, compared to 3.7 percent reported already under the previous base year of 2010.

Dialog Axiata PLC has had the distinction of being accorded the title, ‘Sri Lanka’s Most Valuable Brand’ for the fourth consecutive year by Brand Finance, the world’s leading independent brand valuation consultancy, at the 19th edition of its

Fueled by strong growth in all business sectors, diversified Sri Lankan conglomerate Sunshine Holdings PLC reported impressive growth in top and bottom line performances for the year ended March 31, 2022 (FY21/22).

The Ministry of Tourism yesterday appointed three heads to steer the institutions of Sri Lanka Tourism after its Chairperson Kimarli Fernando resigned last week.

The Department of Census and Statistics (DCS) yesterday said they have changed the base year of measuring the Gross Domestic Product (GDP) to 2015 from the hitherto used base year of 2010.

The Cabinet approval has been granted to table a Rs.695 billion supplementary budget in parliament in order to maintain essential public services without disruptions.

Preparing for the looming food crisis, Sri Lanka is aiming to become self-sufficient in rice production next year by assuring farmers with guaranteed prices, compensation for crop losses and timely supply of required fertilisers.

As a part of a slew of measures introduced by the Central Bank to provide reprieve to banks of their capital and liquidity requirements, they have been given the option to maintain slightly less high quality liquid assets from the current minimum.

Colombo’s inflation was recorded at an eye-popping 39.1 percent in the twelve months to May, accelerating from 29.8 percent in April, setting another fresh high after the botched rupee float in early March.

Sri Lanka’s stockbroker industry collected record profits in 2021, with equities becoming the preferred choice for a large number of investors due to the low interest rate regime prevailed during the year.