This article makes an attempt to present few socio-economic factors & indicators reflecting Sri Lankan economic downfall and examine whether it has some bearing on our failure to address serious structural weaknesses in the economy for the last 45

In a supermarket in Washington, DC, USA, the seafood section includes a product that comes from far away: blue swimming crab imported from Sri Lanka. The packaging proudly announces that the product is “Committed to Sustainability” and a “Produ

Several Opposition Parliamentarians said in Parliament that Sri Lanka’s net foreign reserves had plunged to an all-time low of US$ 1.2 billion and warned of dire consequences. Sri Lanka also has gold reserves of US$ 300 million that can be liquida

HNB PLC has disbursed Rs. 20 million in grants to 200 micro entrepreneurs and businesses across the country, providing them much-needed support as they seek to rebuild their livelihoods from the devastation caused by Covid-19.

Having successfully marked a historic milestone in Sri Lanka’s equity markets in November with its unique conscious capital drive, Sarvodaya Development Finance (SDF) is now poised to create maximum impact on the country’s rural markets.

The Bank of Ceylon (BOC) has been awarded the coveted “Bank of the Year 2021 – Sri Lanka” by The Banker Magazine U.K. recently in recognition of its financial strength, stability and economic and social commitment recording yet another gesture

SDB bank announced the appointment of Niranjan Thangarajah as Deputy Chief Executive Officer (DCEO).

Vallibel Finance recently expanded its network across the country, with its most recent branch openings in Senkadagala and Vavuniya. The two new branches will be able to support and allow better access to quick and efficient financial facilities to a

Three leading fashion retailers recorded cumulative sales over Rs. 23 million in just three weekends in October and November as a result of promotions that offered cash backs and discounts for payments made via the Q+ Payment App on the LANKAQR platf

As the countdown to the festive season begins, a group of policyholders of Ceylinco Life has been given an additional reason to celebrate with its 176 members being selected as the winners of the first draw of the 15th edition of the life insurance l

After a very successful IPO, LCB in its bid to expand the branch network up to 12 branches before endof this year opened its newest branch in Kuliyapitiya on 7th December.

edotco Services Lanka Ltd (edotco) recently signed an agreement with the Board of Investment Sri Lanka (BOI) to include further 400 multipurpose smart streetlamp pole locations to its investment portfolio.

Sri Lanka has witnessed a steady increase in the number of internet users in 2021, when compared with the previous years, due to the push to embrace remote learning and working practices, due to the pandemic; however, it falls behind the countries th

Sri Lankan shares ended nearly 2 percent higher yesterday, extending gains from the previous session and boosted by rising industrial and financial stocks.

The Planters’ Association of Ceylon (PA) has urged the authorities to provide an urgent solution to facilitate the availability of appropriate herbicides, weedicides, fungicides and pesticides, which are essential for the sustenance and health of t

The Tourism Ministry will launch a special programme to increase the number of international airlines and private jets landing at Mattala Rajapaksa International Airport (MRIA), as an attempt to lure tourists to the southeast region of the country.

Targeting on immediate promotional boost within the potential Russian and Ukrainian winter-holiday seekers, Sri Lanka Tourism has organised a massive media and influencer promotion in the months of November/December 2021.

Brandix Apparel Limited, home to over 60,000 team members in Sri Lanka, India, Bangladesh, and beyond, announced the signing of musical sensation Yohani Diloka de Silva as its Brand Ambassador.

Finance Minister Basil Rajapaksa yesterday said the government wouldn’t soften the strict austerity measures announced in the Budget 2022, which includes a freeze on new public sector recruitments, and stressed that the government is in no position

While welcoming the lifting of the ban on fertiliser imports, the Planters’ Association of Ceylon (PA) yesterday pointed out that the country’s plantation sector has been significantly impacted by the policy and is now faced with practical challe

REUTERS: Sri Lankan shares ended more than 1 percent higher yesterday, boosted by gains in financial and industrial stocks.The CSE All-Share index rose 1.43 percent to close at 11,178.43.

In response to several complaints that certain authorized money changers are engaged in activities which are not in compliance with the Directions issued under the provisions of the Foreign Exchange Act No. 12 of 2017 (FEA), the Central Bank said it

REUTERS: Italy’s antitrust watchdog said yesterday it had fined Amazon 1.13 billion euros (US$ 1.28 billion) for alleged abuse of market dominance, in one of the biggest penalties imposed on a U.S. tech giant in Europe.

New Zealand will ban the sale of tobacco to its next generation, in a bid to eventually phase out smoking.

Sri Lankan exporters are optimistic in their outlook for growth although difficulties were experienced in the first half of 2021, the results of the bi-annual Export Barometer Survey revealed.

The credibility of the government is significantly undermined as authorities continue to fail in adhering to the governing fiscal law of the country, the Colombo-based economic think-tank Verité Research said in their latest report.

To facilitate hassle-free banking through formal channels, particularly for migrant labour, HNB PLC, announced the opening of its newest mini customer centre at the Department of Immigration and Emigration in Battaramulla.

Michel Casselman, a Belgium based investor and a Director of My Dentist arrived in the country to assess the progress and launch new stand-alone clinics in Kottawa and Thalawathugoda making its total clinic count to nine up to date since its inceptio

Eden Collections received Platinum Award at Business World International (BWIO) for Best Young Business Woman for Aari work designing.

Grape Expectations (a member of the Favourite Group) has been in the import and distribution business for over a decade, in which time it has developed an island-wide reach having forged strong relationships with stockists across the modern trade, HO