The Airline Pilots’ Guild of Sri Lanka (ALPGSL) commenced a ‘Fly the Roster’ campaign on February 04, as a result of the grievances not being resolved as assured by the airline management in December 2021.

Aday after the country’s Central Bank Governor refuted claims of talks for an International Monetary Fund (IMF) backed rescue package, the IMF Mission Chief in a written statement confirmed that they had not received any request for programme suppo

Sri Lanka Tourism has increased the Covid-19 insurance cover for international tourists by 50 percent from what was previously offered, for the same premium rate of US$ 12.

First Capital Research (FCR) said the current pressure on the foreign exchange rate if released by way of a floating, would resul t in a steeper depreciation and estimated the value of the rupee between Rs.230 - 245 in 1H22 against the US dollar and

Central Bank Governor Ajith Nivard Cabraal was quick to set the record straight with regard to Sri Lanka’s intention to reach out to the International Monetary Fund (IMF) for assistance.

The Joint Apparel Association Forum (JAAF), the apex body of the Sri Lankan apparel industry, announced the appointment of Yohan Lawrence, as its new Secretary General.

Hemas Holdings PLC said this week that it had begun groundwork to pull out from the crisis-stricken Myanmar after the country’s governance system started crumbling down since a junta assumed power in a military coup in February last year.

Sri Lankan shares rebounded yesterday after two straight sessions of losses, helped by gains in industrial and financial stocks.

The Cabinet approval was granted this week to appoint Greenstat Hydrogen India (Pvt.) Ltd to conduct a feasibility study into generating green hydrogen for Sri Lanka’s transport sector.

The Colombo Stock Exchange (CSE) yesterday said it is in the process of revisiting the Listing Rules governing the basis of shares allotment in an IPO to ensure greater transparency and fairness in allotting shares to applicant subscribers by prospec

The Supreme Court yesterday concluded arguments put forward in support and against the proposed Special Goods and Services Tax Bill.

Improved demand from the region and enhanced capacity have helped Teejay Lanka PLC to post group revenue of Rs.36.1 billion for the nine months ending on December 31, 2021 and record a strong top line growth of 64 percent over the corresponding perio

Hemas Holdings PLC reported strong top and bottom line performances for the three months ending on December 31, 2021 (3Q22), recovering from the brief setback seen in the previous quarter amid improved consumer activity.

Flydubai has started operating three daily flights between Dubai and Colombo on all days of the week except Tuesday, with effect from February 1 .

Though the efforts to replace the current Tourism Act with a new one had picked up pace in recent months, the private sector stakeholders have continued to raise the red flag against the move, as it will remove the private sector tourism industry sta

First Capital Research (FCR) expects the Central Bank to deliver two more rate hikes this year – one during the first half of 2022 and another in the second half, each with the size of at least 50 basis points to stabilise the economy reeling from

According to the Transparency in Corporate Reporting Assessment (TRAC) 2021 publication compiled by Transparency International Sri Lanka (TISL), companies in Sri Lanka have been deemed to be moderately transparent in corporate reporting. The TRAC re

REUTERS: Sri Lankan shares extended losses to a second straight session yesterday, sliding more than 2 percent, as industrial and financial stocks fell.

Contrary to the wider-held belief that 2022 would be the recovery year for travel and tourism sector, a survey by the World Economic Forum (WEF) revealed that the sector will not witness a full recovery until 2024.

The Cabinet has cleared the draft Surcharge Tax Bill, which would impose a one-off 25 percent surcharge tax on individuals or companies with over Rs.2 billion income for the 2020/2021 financial year. Finance Minister Basil Rajapaksa sought the approv

The government has decided to call fresh proposals to procure emergency power from the private sector in order to prepare for a deficit in the power generation capacity at the peak of drought season in March this year.

The Cabinet has green-lighted a proposal to purchase 40,000MT diesel shipment from Indian Oil Company (IOC). Energy Minister Udaya Gammanpila on Monday sought the approval of the Cabinet of Ministers to purchase the diesel shipment after reaching int

Cargills (Ceylon) PLC’s sales and profits rebounded during the December quarter (3Q22) from a brief setback seen in the previous three months through September 2021 as virus-related restrictions ended enabling the retail juggernaut to brace a perio

The Cabinet nod has been given to procure 450,000 barrels of crude oil for Sapugaskanda oil refinery under a 180-day credit line from Cyprus-based Terra Nevis Group.

Nine Special Determination petitions filed challenging the constitutionality of the bill titled ‘Special Goods and Services Tax’ were fixed yesterday for today (Feb.2) for further hearing by the Supreme Court. President’s Counsel Sanjeewa Jayaw

Tourist arrivals to the country contracted from the numbers achieved in December despite several promotional efforts taken up by tourism authorities to promote destination Sri Lanka.

The government has commenced groundwork to secure US$ 200 million credit line extended by the Government of Pakistan while a US$1 billion credit line from India is expected to materialise next week.

Kelani Tyres PLC yesterday said it would invest up to Rs.3.2 billion to increase its tyre manufacturing capacity and upgrade its machinery.

Sri Lanka’s consumer prices hit a 13-year high in January, as the country continues to grapple with import restrictions, foreign exchange shortages and failed harvests.

The Urban Development Authority (UDA) is gearing to call requests for proposals (RFPs) for a high-rise mixed development project on the Chalmers Granaries land, which is now branded as ‘Golden Gateway to Port City’, seeking US $ 1 billion investm