The main Opposition Samagi Jana Balawegaya (SJB) together with its economic experts are currently in the process of formulating a solution to the present economic crisis and are discussing with local and international experts on restructuring Sri Lan

Plans are underway to promote Sri Lanka as a safe wedding destination, which would not only help uplift the hard-hit tourism industry but also the event management, fashion design and other supporting sectors that were impacted by the COVID-19 pandem

The government regulations are the major bottleneck that holds back the public and state sectors from embracing digitalisation, according to Digital Technology and Enterprise Development State Minister Namal Rajapaksa.

Aitken Spence Travels, the leading DMC in Sri Lanka welcomed the country’s first charter flight from Uzbekistan yesterday.

Venture Engine, Sri Lanka’s pioneering startup acceleration programme, has entered the final phase of its tenth edition with the selection of its top 10 grouping of finalists.

REUTERS: Sri Lankan shares fell more than 2 percent yesterday, extending losses to a third straight session as industrials and financial stocks dragged the benchmark.

Trading at the Colombo bourse went on for additional nine minutes yesterday, due to a technical issue, the Colombo Stock Exchange (CSE) said.

Main Opposition Samagi Jana Balawegaya (SJB) yesterday urged President Gotabaya Rajapaksa to come for a dialogue with them and understand the real extent of the forex crisis Sri Lanka is facing at the moment.

The government will pay extra attention towards developing Mattala Rajapaksa International Airport (MRIA) in Hambantota, so that it is transformed into an active airport.

Cementing its position as the world’s largest multi-currency and multi-geographic microfinance service provider, LOLC Group is set to acquire 73.39 percent of Kenya’s Key Micro Finance Bank (KMFB), while consolidating its position in Tajikistan b

The Central Bank yesterday reiterated that Sri Lanka is committed to honour all forthcoming debt obligations and thereby maintain the country’s unblemished record of debt servicing.

Sri Lanka’s official external reserves fell to US$ 2.36 billion by the end of January 2022 from US$ 3.14 billion by the end of December 2021, as the government settled foreign currency loans and funded essential imports, while taking receipt of a U

The Cabinet this week green-lighted a proposal to set up two organic fertiliser production centres with laboratory facilities in Mahaweli zone with an annual production of over 2,000 metric tonnes of fertiliser.

The Cabinet of Ministers this week approved a proposal to draft a new Arbitration Bill to enable arbitrations in large scale domestic and foreign investment disputes to be held in the country.

The Cabinet nod has been given to establish an investment disputes tribunal with powers to hear and decide on investment disputes within the financial limit of Rs.50 million arising out of an initial investment of Rs.100 million and above.

The one off Surcharge Tax of 25 percent on companies whose taxable income exceed Rs.2.0 billion has been levied on individuals, partnerships and group companies causing some concern for holding companies, which have subsidiaries.

The Sri Lanka Tourism Development Authority (SLTDA) registered hotels, service providers, tour guides, and drivers will be exempted from licence renewal fees for another year.

Lankem Ceylon PLC says only the largest foreign shareholder who had subscribed to Lankem’s mandatory offer in ACME Printing & Packaging PLC (ACME) has not been paid so far due to incomplete documentation and non-compliance with exchange rules.

Sri Lanka yesterday went a step further to ensure foreign remittances enter the country via authorized channels with the Central Bank making available a mobile application that would allow migrant workers to transfer funds to the country in an easier

Sri Lanka’s well-established apparel sector has the potential to flourish further, provided that it has improved access to markets, which require well-negotiated preferential

In my opinion, it is the best news we have had in months. As a result, it would open the door for other funding channels and most importantly, improve foreign investor confidence in Sri Lanka.

The shares of Hela Apparel Holdings Limited commenced trading on the Colombo Stock Exchange (CSE) yesterday. The shares have been listed on the Main Board of the CSE under the ‘Consumer Durables and Apparel’ sector. The occasion was marked with

The day-to-day operational activities are turning bitter for the local confectionery industry, as it is being slapped with the escalating production costs and poor access to raw material for manufacturing. The mounting challenges have impacted the ov

President Gotabhaya Rajapaksa has appointed Renuka M. Weerakone as Director General (Acting) of the Board of Investment (BOI) of Sri Lanka.

Sunshine Holdings yesterday announced the appointment of Sudarshan Jain to the company’s board as an Independent Non-Executive Director, with effect from February 3, 2022.

Softlogic Holdings PLC delivered a blockbuster performance for the quarter ended on December 31, 2021 (3Q22), backed by its expansive retail operations, as some product categories ended up exceeding the pre-pandemic festive demand, while others came

The tourist arrivals to Sri Lanka in the first week of February reached 19,000, bringing the year-to-date daily arrivals to a 2,738 average.

Lankem Ceylon PLC, the majority shareholder of ACME Printing & Packaging PLC (ACME), has failed to settle the payments to a number of minority shareholders of ACME, who had subscribed to Lankem’s mandatory offer late last year, Mirror Business lear

Kelani Tyres PLC, a local listed tyre manufacturer, which has a joint venture with India’s CEAT, reported lower profits for the three months ended in December 2021, as the surging costs and higher taxes weighed on despite the increased sales amid i