Huawei Technologies yesterday reported asset sale gains helped lift profit 76 percent in 2021, turning in its first set of results under Chief Financial Officer Meng Wanzhou since she returned to China last year after nearly three years’ detention

Sri Lanka’s private sector is struggling to retain talent amid an exodus of talented workers moving abroad, eyeing better financial prospects, a recent panel discussion held in Colombo revealed.

The United States has praised the government for deciding to go to the International Monetary Fund (IMF) to seek a rescue package to resuscitate the economy hit by foreign exchange issues and high external debt.

The fundamental rights petition filed on behalf of the depositors attached to Ceylinco F&G Companies has been taken up before the Supreme Court through a motion, in order to bring the court’s urgent notice regarding an investment agreement.

The International Monetary Fund (IMF) said it would have preferred to see the Colombo Port City drafting its tax policy in line with the Global Minimum Tax rate agreed by the Organisation for Economic Co-operation and Development (OECD) last year, wh

Amid the growing absence of direction from the Central Bank or any other policy making body on inflation, private sector credit and growth, the International Monetary Fund (IMF) in its latest forecasts on Sri Lanka projected somewhat easing consumer

Exterminators Limited, Sri Lanka’s premier pest management and environmental enhancement Technology Company will commence trading on the Colombo Stock Exchange on 30th March 2022.

The hike in Financial Services Value Added Tax (FSVAT) is separate from the proposed Social Security Contribution (SSC) in the budget for this year and the latter could also come as soon as from next month.

Amidst the on-going foreign exchange crisis, the world’s largest independent freight forwarders network, WCAworld has temporarily suspended its Gold Medallion (GM) coverage for its membership in Sri Lanka.

Sri Lanka’s banking sector continued to plough ahead in 2021, successfully navigating the pandemic-induced vagaries and other macro economic challenges to deliver robust growth, sound earnings, healthy capital and adequate liquidity levels.

Hinting the necessity of a possible debt restructuring programme, the International Monetary Fund (IMF) has underlined that a strategy consisting of fiscal consolidation and macroeconomic policy adjustments alone is unlikely to restore the country’

The Central Bank this week expressed its readiness to cooperate with the IMF following the government’s policy decision to engage with the Fund to resolve the on-going economic crisis.

The first International Conference on Management and Entrepreneurship (ICOME) organized by the Faculty of Management Studies, Open University of Sri Lanka will be held on March 31 and April 1, 2020 via online.

The Association of International Marketing Graduates in Sri Lanka (AIMGSL) announced the launch of the Professional Series for 2022, to be held on March 30, at Barnes, Jetwing Colombo 7, providing Marketers based within Sri Lanka an opportunity to ex

The National Chamber announced ‘The National Business Excellence Awards 2021’ celebrating its 17th year was concluded successfully on March 22 at the BMICH, attended by a large gathering of business community, leaders from corporate world, distin

CAL (Capital Alliance) Group has recently entered into a landmark agreement with Heritage Partners, a law firm specializing in advising Sri Lankan businesses across a broad spectrum of legal matters.

Passengers will have increased flights to India with national carrier SriLankan Airlines doubling up its flying frequency to the neighboring giant.

The Central Bank yesterday clarified that the recent increase of the percentage of foreign exchange sales by the banks to the Central Bank from 25 percent to 50 percent is exclusively applicable to the banks and that would not have any impact on the

The US and the EU have announced a major deal on liquified natural gas, in an attempt to reduce Europe’s reliance on Russian energy.

As Sri Lanka charts ambitious plans to take its economy to the next level, the United Nations this week called on for more emphasis on bridging the gender gap.

The tourism industry specialists from Sweden, the UK and Sri Lanka came together earlier this month in Stockholm to present destination Sri Lanka to an influential group of tour operators and travel consultants.

The streamlined export process for the gem and jewellery sector was commended by the industry stakeholders, as the simplified steps would allow improved sales.

This week’s tea auction saw a total of 5.2 MnKgs come under the hammer, barely maintaining the previous week’s volumes.

Markets fluctuated in Asia yesterday as traders struggled to build on a rally in New York, with focus on the impact of the Ukraine war, surging inflation and Federal Reserve plans to fight it.

Sri Lanka will seek World Bank assistance to stave off a severe economic crisis in addition to an International Monetary Fund (IMF) rescue plan to be discussed next month, two sources said.

Responding to comments by Opposition MP Dr.Harsha de Silva in parliament yesterday about speculations that a State bank had defaulted payment, the Central Bank and the Finance Ministry in a joint statement denied such claims.

The rise in Treasury bill rates in the recent few weeks was so intense that at the current yields investors in bonds gets nearly double of what they could get from a bank for a similar tenor term deposit, the data showed.

The Opposition lawmaker Dr. Harsha de Silva yesterday slammed Central Bank Governor Ajith Nivard Cabraal and the members of the Monetary Board for failing to appear before the Committee on Public Finance of parliament.

South Korea on Wednesday nominated veteran International Monetary Fund official Changyong Rhee as its new central bank chief, a pick who is widely expected to continue the bank’s efforts to curb inflation with aggressive interest rate hikes.

As the slowly recovering tourism sector is struggling to carry out operations in a smooth manner given the economic challenges faced by the country, President Gotabaya Rajapaksa yesterday pointed out it is the responsibility of the Sri Lanka Tourism