State Minister of Aviation and Export Zones Development, D.V. Chanaka said international flights would commence from Ratmalana airport from the 29th of this month.

H2O One announced that Deepthi Upul Sumanasekera, the former National Water Supply & Drainage Board (NWSDB) General Manager has joined the board of Directors of H2O One Private Limited.

Central Depositary Systems (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), has strengthened its client base for the provision of registrar services with the addition of Chrissworld PLC.

Dr. Prasantha Jayamanna, who was serving as the Vice Chairman of Sri Lanka Ports Authority (SLPA), has been promoted to the position of Chairman, according to the Ports and Shipping Ministry. Jayamanna will be replacing Capt. Nihal Keppetipola, a sh

India offered a new US$ 500 million credit line to Sri Lanka to fund fuel purchases, the Indian High Commission in Colombo said yesterday, as the island struggles to manage its worst financial crisis in years.

The Ceylon Electricity Board Engineers’ Union (CEBEU) has warned that the CEB could be forced to implement power cuts up to five hours per day over the next 2-3 months with the current power crisis intensifying due to inaction by the top CEB manage

The Central Bank of Sri Lanka (CBSL) is likely to raise interest rates at its first policy announcement in 2022 to tackle growing price pressures, manage external challenges and reduce pressure on the rupee, economists and analysts said.

Both manufacturing and services activities recorded expansions in the final month of 2021, the Purchasing Mangers’ Index (PMI) for the month of December showed.

State Mortgage & Investment Bank (SMIB), which has been recalibrating its portfolio away from the Employee Provident Fund (EPF)-backed loans is facing a Rs.1.7 billion equity deficit this year to meet the regulatory mandated minimum capital levels, w

The employees of Inland Revenue Department, Excise Department and Sri Lanka Customs yesterday staged a protest against the new Special Goods and Services Tax (SGST) in front of the Finance Ministry.

The Colombo Stock Exchange (CSE) yesterday achieved a major milestone as the market capitalisation crossed the Rs.6 trillion mark for the first time in history.

Sri Lanka will need to work towards attracting 60, 828 tourists in the coming two weeks to achieve the ambitious target of reaching 100,000 arrivals per month.

The Sri Lanka Tourism Development Authority (SLTDA) yesterday issued a fresh warning to some of the hospitality service providers, who have opted back for ‘foreigners only’ policy with the increase in tourist arrivals to the country.

Emirates has announced it will add five more flights to Sri Lanka, offering customers 26 weekly flights to Colombo, including a daily service from Male to Colombo. Starting from February 10, the added services will offer customers more travel choices

Ushering in the much awaited December quarter earnings season, Keels Food Products PLC (KFP) filed its interim results for the three months last week, which showed some robust growth in sales and profits although the margins ticked down due to rising

Daraz, South Asia’s leading e-commerce platform, has unveiled its new brand look building on a successful 2021 of significant progress for the company.

Tea Smallholder Factories PLC, a subsidiary of John Keells Group, fell into red in the three months to December 2021 (3Q22), recording the second quarter of consecutive losses, as the company continued to lose revenues from the beginning of the curre

Sri Lanka had a tough time during December in defending the rupee against a probable free fall against the dollar, amid a deepening foreign exchange crisis,

The market value of the listed equity portfolio of the Employees’ Provident Fund (EPF) as at end-December 2021 recorded a value of Rs.112 billion, against its cost of Rs.84 billion, thereby reflecting a substantial unrealised gain of Rs.28 billion

In contrast to the repeated claims made by the authorities, worker remittances income plummeted as much as 60 percent from the same month last year, extending the declining streak for the eighth consecutive month.

India and Sri Lanka should forge a larger strategic framework that builds on the Indian presence in key projects such as the Trincomalee oil tank farm and Colombo port and benefits both countries, Sri Lankan High Commissioner Milinda Moragoda has sai

With the usable foreign exchange reserves falling to US $ 0.9 billion ahead of the US $ 6.9 billion external debt-servicing obligations for the year,

The telecommunication services providers became the immediate winners during the last two years, when the pandemic pushed the economic activities online and forced people to shelter-in-place.

Sri Lanka’s industrial production slipped in November 2021, ahead of the key festive month, weighed down by the coke and refined petroleum, as the foreign exchange crunch worsened prompting a temporary closure of the country’s only refinery.

To unlock the potential of Sri Lanka’s digital economy and leverage advanced technologies, SLT-Mobitel, the national ICT solutions provider, signed a historic memorandum of understanding (MoU) with ZTE Corporation, a major international provider of

A key milestone in Sri Lanka’s ICT education was marked by the University of Moratuwa (UoM) and Dhammika & Priscilla Perera Foundation (DP Foundation) by signing a memorandum of understanding (MoU) recently to collaborate on the facilitation of ope

The 70th South Asian Federation of Accountants (SAFA) Board Meeting and Induction of the SAFA President for the year 2022 was held recently, hosted by the Institute of Certified Management Accountants of Sri Lanka (CMA), supported by the SAFA Secreta

Dulitha Perera took the oath of office and became the 41st President of the Organisation of Professional Associations of Sri Lanka (OPA), at its Annual General Meeting, held last week.

India has confirmed its support to Sri Lanka by way of a currency swap under the SAARC arrangement and a deferment of a previous loan.

Nestle Lanka PLC, the local unit of the Swiss food giant, is to borrow US$ 45 million from Nestle Treasury Centre-Middle East and Africa Ltd. (Nestle MEA) to cater to its foreign exchange requirements for this year.