In an unexpected move, the government has withdrawn the waiver on liquor license renewal fee for the tourism sector that was made available till 31 December 2022.

While SriLankan Airlines may not be looking for outside parties to divest in its core airline business partly or fully, the airline remains open for partnerships for its catering and ground handling businesses should the deals be attractive, accordin

Sri Lanka’s fast crumbling power sector needs improved collaboration among stakeholders where all are treated as equals, an energy expert said.

The Central Bank (CB) is likely to instruct State-owned banks to extend letter of credit (LC) facilities to Laugfs Gas PLC, which is struggling to procure LP gas (LPG) shipments amid the on-going foreign exchange crisis, according to industry sources

The Commercial High Court has refused to grant an interim injunction against Vortex Aventura (Private) Limited, restraining from directly or indirectly using any tradename or any business identifier, including domain names or email addresses,

Sampath Bank PLC closed the year 2021— which was marked by multiple headwinds combined with enormous opportunities—on a high note,

Sri Lanka Telecom PLC (SLT) Group concluded the financial year 2021 on a high note, recording a turnover of Rs.102.3 billion for the year ended December 31, 2021 marking a topline growth of 12.3 percent year-on-year.

CFA Society Sri Lanka announced the selection of the top four teams for the local finals of the CFA Institute Research Challenge competition.

With Colombo Port City and Cinnamon Life emerging as Sri Lanka’s most attractive investment opportunities in the property and leisure sectors, a webinar hosted recently by the Sri Lanka Canada Business Council (SLCBC) of the Ceylon Chamber of Comme

A total of 24 Sri Lankan companies were honoured for their excellent annual reporting and for also promoting transparency, accountability and governance in financial reporting at the 25th Best Presented Annual Report Awards of the South Asian Federat

National Development Bank PLC (NDB) recently partnered with the Information and Communication Technology Agency of Sri Lanka (ICTA) under the NDB Jayagamu Sri Lanka scheme in order to exclusively support technology start-ups and technology scale-ups.

Glenanore Estate, situated in Haputale, which is renowned for producing high-quality teas over the past years, established an all-time record price of Rs.920 per kg for an OP grade in the Uva High Category, at this week’s tea auction held on Februa

In an attempt to promote non-motorised transport in the country, the Cabinet of Ministers has agreed to make way for bicycle lanes on the existing road network, with steps to include dedicated bicycle and pedestrian lanes in future roads.

Amid the ongoing foreign exchange crisis, President Gotabaya Rajapaksa has appointed three Cabinet Sub-Committees chaired by Foreign Relations Affairs Minster Prof. G.L. Peiris to lead negotiations with China, Japan and the Middle East, to secure imp

REUTERS: China’s factory-gate inflation eased to its slowest pace in six months and consumer price growth also softened in January amid weakening property sector demand, new coronavirus curbs and government efforts to rein in surging materials cost

REUTERS: British consumer prices rose at the fastest annual pace in nearly 30 years last month, intensifying the squeeze on households and reinforcing the chances that the Bank of England will raise interest rates for a third meeting in a row. The an

The Purchasing Managers’ Index (PMI) for January continued to expand amid the absence of virus-related restrictions and optimism but the respondents in both manufacturing and services sectors cited persistent challenges pertaining to imports and mo

With no credible efforts in place to solve the severe shortage of human resources at the Labour Department, activities of the department, which is tasked with safeguarding the labour rights, has come to a standstill, according to Labour Minister Nima

The government plans to introduce the necessary amendments to exempt the Employees’ Provident Fund (EPF), Employees’ Trust Fund (ETF) and other pension funds from the proposed 25 percent one-time Surcharge Tax when the Surcharge Tax Bill is deb

Laugfs Gas PLC lost nearly a billion rupees in the three months to December 31, 2021, the third such quarter, as the company continued to be hammered first by the suspension of supplies, due to the price controls and then due to the disruptions cause

Hayleys PLC delivered strong top and bottom line performances for the three months ended on December 31, 2021 (3Q22), as the group’s multiple business lines did well albeit there were signs of rising costs, which may have pinched its gross margins

The Board of Investment (BOI) yesterday said twenty BOI enterprises recently entered into supplementary agreements collectively worth US$ 165 million to expand their existing operations.

Finance Minister Basil Rajapaksa is scheduled to brief the Cabinet of Ministers next week on an International Monetary Fund (IMF) staff report on the country’s economy.

In an effort to tackle the issues stemming from climate change, Sri Lanka will design a road map that will pave the way for it to become a carbon net zero country by 2050.

Sri Lanka has an immense potential to fetch higher export revenue from its fisheries sector, however, holding it back from reaping full benefits is the lack of scientific management, the World Bank (WB) said.

The Central Bank yesterday said it raised US$ 111.5 million through the issuance of Sri Lanka Development Bonds (SLDB) from January 1 to February 15 this year.

Nuwara Eliya Estate situated in Labookelle, renowned for producing teas with delicate liquoring characteristics, established an all-timerecord price at this week’s tea auction held on 14th February. A liquoring OP1 grade of this estate selling unde

Sri Lanka’s tea industry recorded its highest-ever prices, averaging Rs.704.67 per kg at the Colombo tea auctions during the month of January 2022, Sri Lanka Tea Board said in a brief note.

Sri Lankan shares snapped a three-session winning streak, closing lower yesterday as industrial stocks fell.

Issues have cropped up in the execution of the extension project of the Bandaranaike International Airport (BIA), Katunayaka, the Ministry of Tourism said, and a summary of the same is to be put forward to the relevant government authorities in the c