The banking sector has become the latest victim of hours-long daily power cuts, with some banks finding it difficult to keep open their branches and thus deciding to significantly cut down on their opening hours from this week.

President Gotabaya Rajapaksa has appointed Dr. Indrajit Coomaraswamy, Prof. Shanta Devarajan and Dr. Sharmini Cooray to advise the president and provide guidance to Sri Lankan institutions and officials that will engage with the International Monetar

AIA Insurance Lanka yesterday announced the appointment of Chathuri Munaweera as its new Chief Executive Officer (CEO). The appointment will be effective May 1, 2022, subject to approval of the Insurance Regulatory Commission of Sri Lanka.

The Sri Lankan rupee has become the world’s worst-performing currency, surpassing the Russian rouble, according to the UK-based Financial Times.

Asset managers Blackrock Inc. and Ashmore Group PLC are among the top holders of Sri Lanka’s international bonds that form part of a creditor group, as markets prepare for a potential debt restructuring, a source said yesterday.

Sri Lanka’s prospects for progress look bleak going forward, as the Asian Development Bank (ADB) in its latest forecast expects a muted recovery for the country from the COVID-19 pandemics, as its economy is yet to find sustainable solutions to the

The state-run investment promotions agency, the Board of Investment (BOI), yesterday said it inked investment agreements worth of US $ 765 million in the first quarter of this year, with several leading investors doubling the number of agreements sig

Sri Lanka’s tea industry yesterday said it is in a state of disturbance, as the prolonged shortage of fuel and electricity in the country is disrupting the daily activities in the plantation sector.

Sri Lanka@100, a private sector-led business development platform supported by the U.S. Agency for International Development (USAID), hosted a capacity building workshop in Jaffna in partnership with the Chamber of Commerce and Industries of Yarlpana

Having been aware of the increasingly volatile weather caused by worsening climate change and based on the notion that fishermen have access to basic mobile phones, Dialog partnered with the Department of Fisheries and the Meteorological Department o

The Southeast Asian Leadership Academy (SEALA) is an Asian platform for sharing practical knowledge, leadership tools, mentorship network support and global networks - making them fully available to a new generation of leaders.

The Republic of Korea has expressed that in an effort to deepen diplomatic ties, it is focused on providing more employment opportunities to Sri Lankans.

Orel Corporation, in an innovative move to combat the current power outage, has stepped up to offer businesses and the public the opportunity to lease solar energy, thereby setting a new trend of enabling a viable energy solution at a minimal cost.

With the aim of supporting the governments vision of building a digitally inclusive Sri Lanka, that includes the next generation being provided with opportunities to engage in digitally driven innovation to develop new solutions, SLASSCOM recently si

Sri Lanka is strategically positioned and has the capacity to meet its ambitious renewable energy targets by 2050; however, the island nation needs to step up efforts in three key areas, if it is serious about turning its goals into a reality, Norweg

Representative bodies of the local IT-BPM industry yesterday collectively called upon the government to respond to the voice of citizens in a responsible manner and restore stability with pragmatic solutions through consultation.

CA Sri Lanka yesterday called upon political parties to unite and come up with a plan to resolve the current socio-economic crisis in Sri Lanka, and also urged the authorities to immediately appoint a team to negotiate with the International Monetary

Sri Lanka’s President lost his parliamentary majority yesterday as former allies urged his resignation, following days of street protests over the island nation’s crippling economic crisis.

Former Central Bank of Sri Lanka (CBSL) official P. Nandalal Weerasinghe said on Monday he had accepted an offer from the country’s President to become the bank’s next governor amid a deepening economic crisis and unrest.

Diversified engineering company Luminex Limited has secured official approval from the Colombo Stock Exchange (CSE) for its Rs.250 million initial public offering (IPO), which is scheduled to open 26th of this month.

Sri Lanka’s Finance Ministry is currently without a chief and a deputy with the newly appointed Finance Minister and the Secretary to the ministry stepping down.

The country’s hard-hit tourism sector stakeholders yesterday held a protest campaign in front of Sri Lanka Tourism Development Authority (SLTDA) calling for the lifting of state of emergency, which significantly affects their industry.

The Free Trade Zone Manufacturers’ Association (FTZMA) in a letter to President’s Secretary Gamini Senarath has expressed its disappointment over how the government is managing the current situation in the country and directly faulted the authori

Sri Lanka’s soaring prices have nearly caught up with the increases in wages, thereby making people financially worse off than a year before.

Central Bank Governor Ajith Nivard Cabaraal has resigned from the top post with immediate effect after submitting his resignation to President Gotabaya Rajapaksa, yesterday.

The Sri Lanka Institute of Biotechnology (SLIBTEC) will collaborate with the U.S. government’s development arm, the U.S. Agency for International Development (USAID), to promote innovation in the biotechnology sector by establishing Sri Lanka’s f

President Gotabaya Rajapaksa yesterday appointed Ali Sabry as the country’s Finance Minister, as a new team of ministers took office after the protests flared in the wake of a worsening economic crisis.

The Central Bank yesterday said the third monetary policy review, which was scheduled to be issued this morning, would be postponed, along with the customary press conference that follows.

The Colombo bourse yesterday positively responded to the resignation of Central Bank (CB) Governor Ajith Nivard Cabraal and unconfirmed reports over the appointment of former CB Governor Dr. Indrajit Coomaraswamy to the three-member advisory committe

The tourism industry stakeholders reiterated their disappointment in the leadership of the Sri Lanka Tourism Development Authority (SLTDA), as it continues to turn a deaf ear to the pleas for assistance to overcome the ongoing economic challenges.