The external sector pain continued unabated as foreign exchange reserves slipped, though just under 2.0 percent in February to US$ 2,314 million from US$ 2,361 million as outflows still showed no restraint while the inflows such as remittances dried

Sri Lanka’s Central Bank has received a two-month deferral for US$ 900 million in payments due this week to the Asian Clearing Union (ACU), multiple sources said, helping ease pressure on its meager reserves amid its worst financial crisis in years

For the seventh consecutive year, IFC partnered with the Colombo Stock Exchange (CSE) to ‘Ring the Bell for Gender Equality’.

The Women’s Chamber of Industry and Commerce (WCIC) will conduct one of its annual flagship properties, the Women Leadership Forum, as a full-day workshop with very pertinent topics being discussed by veterans in business.

Recognising the need to promote greater gender equality in the tech entrepreneurship space, the SLASSCOM WTech forum has over the past year, been taking a lead role in powering women to embrace entrepreneurship and in supporting every stage of their

As the on-going foreign exchange crisis has led to daily power cuts and fuel shortages threatening business continuity and crippling economic activity, Sri Lanka’s private sector yesterday demanded the government to take immediate action to address

Meanwhile, President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa also laid the foundation stone for a US$ 400 million steel factory for Lanwa Group led by Nandana Lokuwithana.

The US$ 100 million Lanwa Sanstha Cement factory in Hambantota, which was declared open by President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa yesterday, would have been commissioned much earlier if not for bureaucracy of State official

The shortage of cooking gas has put out the stoves of Sri Lanka’s restaurant and hospitality businesses, dealing another heavy blow to the recovering industry.

The heightened geopolitical risks and the resulting commodities prices rally led by energy has pushed Central Bank’s inflation expectations off course to a level that the officials are scrambling to provide a path for prices in the medium term.

The Colombo Port City Economic Commission (CPCEC) is hopeful of fresh foreign exchange inflows into China-backed multi-billion dollar Colombo Port City (CPC), leading Sri Lanka out of the ongoing forex crisis from this May onwards.

High energy-consuming industries yesterday called on the government to get its act together and give some level of confidence with regard to its ability to come up with sustainable solutions to resolve the ongoing hours-long power cuts, a result of t

Oil prices spiked to their highest levels since 2008 yesterday as the United States and European allies weighed a Russian oil import ban and delays in the potential return of Iranian crude to global markets fuelled supply fears.

The National Chamber of Commerce yesterday announced the awards ceremony of the ‘National Business Excellence Awards 2021’ which will be held on March 22 amidst a distinguished gathering of government and private sector, in compliance with Covid-

BNI International with over 280,000 members in 74 countries has expanded its presence in Sri Lanka by initiating the 18th. chapter recently in Colombo.

The Institute of Certified Management Accountants of Sri Lanka will celebrate International Women’s Day 2022 by hosting a webinar on the theme ‘Promoting Women Entrepreneurship Development’ tomorrow (March 9) from 3.00 p.m. – 5.00 p.m. via on

Joining the call for gender equality and female empowerment, the Ceylon Chamber of Commerce will host a webinar in Celebration of Women’s Day, on March 10.

DFCC Bank has joined hands once again with the Chartered Institute of Management Accountants of Sri Lanka (CIMA) as a Gold Partner in its ‘Corporate Partnership Programme’.

Gender disparity within the entrepreneurial world is a globally prevalent problem, often stemming from the underrepresentation of women in the labour force and leadership positions. This imbalance in diversity is mainly seen in markets with no gender

The Central Bank has extended the 15 percent special interest scheme for one year term deposits of senior citizens continuing the proposal made in the budget 2017, which was brought with the intention of offering additional income to whose real incom

Announcing the financial performance for the year ended December 31, 2021, People’s Bank said it reported a consolidated operating income of Rs.110.7 billion and total operating expenses amounted to Rs.50.5 billion, up 21.9 percent and 14.9 percent

Dedicated efforts are underway to transform Sri Lanka into a technology-based society, as the government is actively looking at a holistic approach to create an ecosystem where citizen services will be supported by digital transformation, State Minis

State-of-the-art cement manufacturing facility of Lanwa Sanstha Cement Corporation (Pvt) Ltd is slated to be declared open today by the President Gotabaya Rajapaksa.

Oil prices are set to surge further this week due to delays to the conclusion of Iranian nuclear talks and the potential return of Iranian crude to global markets, which are already suffering from Russian supply disruptions, analysts said.

IFC, the private sector investment arm of the World Bank said it is looking to invest over US$ 800 million in Sri Lanka over the next five years in the sustainable infrastructure sector. The development lender also revealed its plans to invest a furt

The Central Bank wants the government to revise the price of fuel and electricity at least to cover the full cost of bringing them to the end consumer in order to end the external and fiscal sector woes created by the loss making State-run utilities

Subsidiary airlines of Thai Airways, Thai Smile Airways announced its move to connect the reach of Far-East and Southwest Pacific towards Sri Lanka by commencing direct flights from Colombo to Bangkok.

National sales average for Ceylon tea reached an all time high in February recording Rs.725.63 (US$ 3.61).

Prices at the Ceylon Tea auction remained largely unchanged this week although an impact was expected due to the ongoing conflict between Russia and Ukraine.

Economic policy think-tank, the Institute of Policy Studies of Sri Lanka (IPS) yesterday announced it has started calling for research proposals for the SamanKelegama Memorial Research Grant 2022.