The economic toll of the pandemic-induced lockdowns and related restrictions has cost the Sri Lankan economy a thumping Rs.2.5 trillion in nominal terms for a year, bringing the total loss of economic output during the pandemic’s two years to a who

Sri Lanka’s overnight money market liquidity shortage surpassed the Rs.300 billion level on December 13, after remaining continuously in the negative territory since the beginning of September, when the Statuary Receive Ratio (SRR) hike went into e

The Monetary Board of the Central Bank (CB) has granted approval in principle to issue a finance business licence to Ravi Wijeratne-controlled SMB Leasing PLC, upon settling the depositors’ liabilities and purchasing assets worth of Rs.425.32 milli

The writ petition filed by the Bar Association of Sri Lanka (BASL), seeking an order quashing the decision of the Central Bank Governor to issue a Gazette Extraordinary over the conversion of foreign currency earnings into Sri Lankan rupees, was fixe

DIMO, one of the leading diversified conglomerates in Sri Lanka, was recognised as a great place to work for the ninth consecutive year, at Great Place to Work (GPTW) Awards Ceremony 2021,

World HR Congress 2021 concluded recently after two full days of value-packed presentations, discussions and deliberations.

Tradefirst (Pvt.) Ltd, a leading importer and trader of all kinds of materials and machines in the signage and outdoor advertising industry in Sri Lanka, recently conducted a two-day motivation campaign titled TF Adventure Camp 2021, at CHE Adventure

The government was called on to regulate the importation of motor vehicles by the Vehicle Importers Association of Sri Lanka (VIASL), so that local consumers are safeguarded against “seasonal” importers and malpractices in the trade.

ICRA Lanka Limited said raising foreign funding via securitising remittance inflows would give the borrowing country a better deal by way of relatively favourable terms and lower rates, particularly when the borrower has a weak credit rating.

MOSCOW, Dec 14 (Reuters) - Syarhei Tsikhanouski, the husband of Belarus’s opposition leader, was sentenced on Tuesday to 18 years in jail for organising mass unrest and inciting social hatred, the official Belta news agency reported.

Leading civil engineer and former Ambassador Raja Edirisuriya has been appointed as Chairman of the Board of Investment of Sri Lanka by President Gotabaya Rajapaksa.

Leading pest control company Exterminators yesterday announced its plans to list on the Colombo Stock Exchange, subject to obtaining relevant regulatory approvals in the near future.

The Cabinet nod has been given to identify and declare urban areas in Pradeshiya Sabha territories, that is likely to lead to a large spike in urban population of the country, having been under-counted for decades.

Shares of Capital Alliance Limited (CALT) will commence trading on the Diri Savi Board of the Colombo Stock Exchange (CSE) today. It will be classified under the “Financials” industry group and trade under the ticker “CALT”.

The Bar Association of Sri Lanka (BASL) yesterday filed a writ petition in Court of Appeal seeking an order quashing the decision of Central Bank Governor to issue Gazette Extraordinary over the conversion of foreign currency earnings into Sri Lankan

Sri Lanka Telecom PLC (SLT) yesterday said it entered into a share sale and purchase agreement (SSPA) with Tempest Two Private Limited to divest its fully owned subsidiary SLT Campus Private Limited for Rs.410 million.

Cornucopia Sri Lanka, a branch of the South Asian one-stop HR consulting firm headquartered in Bangalore, providing people-centric business solutions in all areas of Human Resources Management, in partnership with Women in Management -

The Ceylon Chamber of Commerce announced the launch of the Chamber Membership Privilege Card offering members access to an extensive range of privileges and benefits.

The Labour Ministry plans to amend the key occupational safety and health legislation, the Factories Ordinance to strengthen the legal framework on occupational safety standards on par with global standards with a view to minimize occupational accide

The Sri Lanka-America Chamber of Commerce was inaugurated and established in American on December 9 by a group of professional Sri Lankan expatriates centering the Cityof Las Vegas with the blessings of United States Congressional leaders.

Commercial Bank of Ceylon PLC recently completed a three-year Business Process Reengineering (BPR) project with StrEdge Advisory, the business consultancy arm of StrEdge Group of Companies.

M. C. V. Rajanathan, senior banker with five decades of exposure in banking released the digital version of his publication titled ‘Techniques of Securities for Bank Lending with an insight to Life & Times of a Banker’.

People’s Bank won the Silver award, jointly under the State Banks Category for its Annual Report 2020 themed ‘Pride of the Nation’ at the 56th CA Sri Lanka Annual Reports Awards.

Sampath Bank dedicated its newest service point to the Sri Lankan public at the ‘Suhurupaya’ premises of the Department of Immigration and Emigration in Battaramulla.

Nations Trust Bank American Express recently announced the winner of its ‘Pump Fuel and Win a Trip to The Little England Cottages’ campaign, where cardmembers had the chance to enter the draw by pumping fuel for Rs. 2,500 or more from 15th April

Leading Sri Lankan insurer Co-operative Insurance recently announced the date of its initial public offering (IPO), which is set to take place on December 20, 2021.

In what seemed to be a reversal from a long spell of weak performance, Sri Lanka’s non-bank finance sector came out with some improved financial performance in the September quarter, as reflected from a variety of indicators, although it remains st

An American think tank has accused IT services major HCL Technologies of wage theft by underpaying thousands of skilled migrants on H-1B visas. Based on its analysis of an internal HCL document, the Economic Policy Institute (EPI) has claimed that th

The Tourism Ministry has selected nine more sites to be transformed and developed into sustainable tourist destinations, which will be done with the support extended by the United Nations Development Programme (UNDP).

Sri Lanka’s Index of Industrial Production (IIP), a key gauge of the country’s industrial sector dynamism, which dipped in September, picked up in October, as the country lifted its virus-related lockdowns, unshackling the industrial activities.