Despite the improved growing and climatic conditions, Ceylon Tea is unlikely to achieve the tea production and export targets for the year, as the industry has faced a fertiliser shortage, due to the import ban on chemical fertilisers and agrochemica

The Central Bank yesterday said the new exports proceeds conversion rule is nothing to be alarmed of, as it provides greater flexibility to the exporters of goods and services to meet all of their foreign currency expenses and other commitments befor

The first post-pandemic ‘Invest Sri Lanka’ Investor Forum organized by the Securities and Exchange Commission of Sri Lanka (SEC), Colombo Stock Exchange (CSE), in association with the Embassy of Sri Lanka in UAE and the Consulate General of Sri L

A multi-party meeting on enhancing bilateral trade between Sri Lanka and Bangladesh was held at the Export Development Board (EDB) on November 3rd, under the patronage of Trade Minister Bandula Gunawardena and High Commissioner of Bangladesh to Sri L

Supporting the viability of entrepreneurs against the backdrop of the pandemic and the challenging economic and operating environments posed by it, Dialog Axiata PLC once again powered the 2021 edition of the Venture Engine start-up acceleration prog

The upcoming Sri Lanka Economic Summit 2021 is prepared to host a lineup of contemporary dialogues under this year’s theme ‘Springboard for revival: Opportunity to reset’. Day one of the event will feature a session dedicated to ‘Setting the

Featuring the long tradition of advocating on most vital and current economic issues, the 33rd annual session of the Sri Lankan Economic Association (SLEA) is scheduled to be held on November 12th and 13th through Zoom platform.

The Government of Sri Lanka has developed the Overarching Agricultural Policy (OAP) under the guidance of the National Planning Department and the Ministry of Agriculture with support (and funding) provided by the European Union through the Technical

Damro Group, the controlling shareholder of Agalawatte Plantations PLC (AGAL) believed to have reduced its controlling stake in the company to meet the minimum public holding requirement under the Colombo Stock Exchange (CSE) Listing Rules.

The government should focus on formulating a competitive cost structure for airlines in terms of airport charges combined with a smooth passenger handling process by capitalising on digital technology at the airport in order for Sri Lanka to position

Commercial Leasing & Finance PLC (CLC), which became an investor favourite as of late, reported strong top and bottom line performance for the three months to September as the company defied the pandemic-induced challenges to expand its loans at a mu

Tourist arrivals in Sri Lanka witnessed a leap in the month of October with over 22,000 international visitors entering the country, bringing the number of arrivals for the year so far to exceed 60,000.

Hayleys Fabric PLC reported higher revenues and profits in the company’s fiscal second quarter ended in September 2021 as the weft knit fabric maker presented its second interim report after it acquired the complementary fabric maker, South Asia Te

Credit extended to the private sector plunged in September after reaching a multi-year high in August signalling that consumers and businesses are pulling back on spending amid rising interest rates, soaring prices, shortage in liquidity and mounting

Srilal Miththapala , who has been in the forefront of advocating Sustainable Tourism Development and Ecotourism in Sri Lanka has been invited to deliver one of the key note speeches at the International Conference on Eco Tourism in Taiwan, scheduled

The Government of Sri Lanka committed to accelerate more and better investments in human capital – health, education, and social protection – becoming the 82nd country to join the World Bank’s Human Capital Project.

The Conference and Seminars Committee and the Taxation Committee of the Institute of Certified Management Accountants of Sri Lanka (CMA) will conduct another knowledge sharing Continuing Professional Development virtual webinar on ‘File your own ta

Sri Lanka Handicraft Board, popularly known as ‘Laksala’ has partnered with Sala Globle to take products of Sri Lankan artisans overseas.

Tokyo Cement (Company) Lanka PLC, manufacturer of Tokyo Super and Nippon Cement, yesterday stated that a 50Kg bag of said brands of cement would be sold at the maximum retail price (MRP) of Rs. 1,275.00 only.

Sri Lanka will need additional US $ 2 billion in the next 10 years to reduce road fatalities by 50 percent, according to the World Bank.

Aviation and Export Zones Development State Minister D.V. Chanaka said the commencement of operation by Swiss International Airlines between Colombo and Zurich would help boost the tourism industry in Sri Lanka in the aftermath of the COVID-19 pa

Oil prices rose yesterday after OPEC+ producers rebuffed a U.S. call to raise supply to cool the market, sticking to plans for a gradual increase in output after cuts made in the face of the coronavirus crisis.

President Gotabaya Rajapaksa and the World Bank representatives inspected the pumping station on Nagalagam Street in Colombo, yesterday.

As education is among the most disrupted industries by the pandemic, due to its quick shift into distant learning, that online pivot at the same time has provided an option for local education authorities to consider,

The Cabinet nod was recently given to expedite the construction work of the US $ 966 million Mahaweli Water Security Development Programme, which is mainly funded by the Asian Development Bank (ADB), to be completed within four years.

Dialog Enterprise, the corporate solutions arm of Dialog Axiata PLC (Dialog), Sri Lanka’s premier connectivity provider and Infobip, a leading provider of globally accessible, secure and innovative omnichannel communication solutions, have recently

Air France is set to expand its long – haul network with the launch of three weekly direct flights between Paris and Colombo.

BPPL Holdings PLC had to contend with some steep rise in costs across its operations in the three months to September, which hindered its margins and thereby profits as the company had to rely on imports for key raw materials while shipping delays, h

The Supreme Court in its recent judgment relating to an industrial dispute case held that in the Sri Lankan Labour Law, there is no statutory requirement to conduct a domestic inquiry prior to the termination of a workman.

Tokyo Cement Company (Lanka) PLC saw its revenue falling and profits tumbling in the three months to September, intensifying the trend from the last couple of quarters as multiple issues faced by the company came to a head in the most recent period,