The Central Bank yesterday said it had received seven responses for the request for proposals (RFPs) called from the international investor community on November 12,

In a move to encourage the influx of foreign workers’ remittances, the Central Bank of Sri yesterday announced what it called an “exclusive offer” for migrant workers for the December festival season.

hSenid Business Solutions Limited, releasing its financial results ahead of its initial public offering (IPO) tomorrow, reported robust top and bottom line performances, reflecting that the Sri Lankan human resources software solutions giant, with a

Aitken Spence Travels, the leading destination management company (DMC) in Sri Lanka, working in partnership with TUI Kazakhstan welcomed its first flight for the winter season from Kazakhstan yesterday.

The Port City Colombo Marina welcomed the MY Kalizma - The Classic Superyacht, once owned by Hollywood screen idols Elizabeth Taylor and Richard Burton.

First Capital Treasuries PLC, a subsidiary of the Janashakthi Group’s First Capital Holdings PLC hosted prospective investors, industry partners, media representatives and members of the public at an investor forum on its upcoming Initial Public Of

Microsoft has appointed Harsha Randeny as the Country Manager for Sri Lanka and the Maldives.

In a move to expand its retail drive, Softlogic Brands Pvt. Ltd has added another mall to its portfolio by taking on board the Mahanuwara Commercial Centre (MCC) premises, and the formalities relating to the transaction has reached completion.

Mark Surgenor has been appointed as Chief Executive Officer of HSBC Sri Lanka and the Maldives from 1 December, 2021.

Sri Lanka Tourism has begun evaluating proposals for a special winter tourism promotion campaign on digital media targeting India and United Kingdom (UK), followed by France and Germany.

The Cabinet of Ministers has agreed to award the contract for the expansion of the existing sewerage facilities under the Ratmalana/Moratuwa Wastewater Disposal Project Stage 1 - Phase II to China-GEO Engineering Corporation, which is co-funded by th

Inflation jumped to 9.9 percent in the twelve months to November as the increase in food prices accelerated to 17.5 percent while non-food prices rose by 6.4 percent, amid supply side constraints and recovering demand.

With a view to promote organic farming, the government plans to provide organic fertilisers to farmers at subsidised rates while supplying required chemical fertilisers at market price through the Ministry of Agriculture.

Commending the government’s decision to allow private sector imports of fertiliser and agrochemicals into the country, the Planters’ Association of Ceylon (PA) has offered its support to the authorities in arriving at a long-term solution to the

The subdued growth in private sector credit in September has continued through October, despite the lifting of the virus-related lockdowns,

National Savings Bank (NSB) recorded its highest ever profit for a period of nine months in the first nine months of 2021, showing its COVID resistance, strength and continuous financial resilience.

Mastercard yesterday announced the appointment of Sandun Hapugoda as its new Country Manager for Sri Lanka and the Maldives.

The price hike announced yesterday by the wheat flour companies will not have an impact on confectionery products, at least for the time being, the Lanka Confectionery Manufacturers Association (LCMA) said.

Expressing the utter disappointment in Budget 2022 for sidelining the tourism industry, hoteliers warned that Sri Lanka risks losing its competitive edge in global tourism, with the proposed 2.5 percent Social Security Contribution tax adding further

Central Bank (CB) Governor Ajith Nivard Cabraal called the hoteliers to embrace the present challenges in repositioning their product and re-energising the tourism industry, instead of trying to return to the pre-pandemic business model.

From November 15, international guests arriving in Sri Lanka and staying in Shangri-La Colombo and Shangri-La Hambantota, are covered under Covid-19 insurance at no additional charge.

MAS Intimates, the largest division of MAS Holdings, received three top accolades at the Sri Lanka Presidential Export Awards, including the highly coveted Exporter of the Year Award for 2020/2021.

The Institute of Certified Management Accountants of Sri Lanka (CMA Sri Lanka) will conduct its 17th Graduation Ceremony today (November 30) at BMICH, Colombo.

Leveraging technology to provide bespoke, cost-effective options, D P Logistics (Pvt) Ltd launched TruckBuddy, a web solution that offers smart transport solutions.

LOLC Advanced Technologies has collaborated with the Sri Lanka Institute of Nanotechnology (SLINTEC) through Ceylon Nano Diagnostics Pvt Ltd. (CNDL) to introduce the loop-mediated isothermal amplification (LAMP) method for the first time in Sri Lanka

Controlling foreign shareholders of Lanka Realty Investments PLC formerly known as Ascot Holdings (LRI) reduced their ownership stake in the company last Thursday by nearly 15 percent with net foreign sales estimated at Rs.794 million.

Earnings from Sri Lankan migrant workers fell by more than a half in October from the same month last year extending the declining streak to the fifth consecutive month as the Central Bank is plotting plans to get tough on the informal money exchange

The Central Bank last week said it found no backlash against the recent rule which required exporters to convert remaining proceeds after meeting their multiple requirements in foreign currency, as reported by certain media sparking some uproar and a

Sri Lanka’s industrial production, which measures the manufacturing heft across all its key industrial sectors, fell in September from both August and a year ago levels as the country went into lockdowns again inhibiting the broad based growth hith

The proposed disposal of Unilever’s global tea business including Lipton brand to CVC Capital Partners is unlikely to impact Sri Lanka’s tea industry in the short-term, but it may pose challenges and opportunities for the industry in the long run