Sri Lanka being an island nation has enough opportunities to lure international visitors for nautical tourism. However, despite the obvious potential, the relevant authorities have done little to capitalise on the fast booming segment, a senior repre

Truly Ceylon Tea (Pvt.) Ltd, a premium Ceylon Tea brand, recently announced the launch of its range of tea products for the international markets, in a bid to boost the sales of premium quality Ceylon Tea, the world over.

The LANKAQR Nationwide Rollout Campaign was launched on October 25, 2021, at the Central Bank, with the aim of popularising LANKAQR payments among small and medium merchants as well as consumers, as the prevalent digital payment method in the country

While denying it defaulted a payment on Letter of Credit (LC) to China’s Qingdao Seawin Biotech Group Co., Ltd, People’s Bank in a statement stressed that the payment is delayed due to an enjoining order issued by the Colombo Commercial High Cour

The implementation and evaluation processes of the national budget require more transparency and to ensure the government delivers what it promises, going forward needed are well formulated proposals, with documented analysis, to support the benefit

The report of the blockchain technology-based shared KYC POC was presented to Central Bank Governor Ajith Nivard Cabraal by National Payment Council (NPC) Chairman and Central Bank Deputy Governor Yvette Fernando,

In response to the rating action by Moody’s, the government through the Central Bank, expressed its strong displeasure and called it “irrational” and “hasty”.

A writ petition filed by General Secretary of Democratic United National Front (DUNF) Ariyawansa Dissanayake seeking an order staying the Central Bank of Sri Lanka from paying a pension to the newly appointed Central Bank Governor Ajith Nivard Cabraa

Tighter liquidity in the overnight money market is likely to persist, prompting banks to compete for funds putting upward pressure on deposit rates which have shown initial signs of ticking up since the Central Bank raised key interest rates in Augus

Leading real-estate developer, Iconic Development, part of India’s Apurva Natvar Parikh group, has entered into a Sale and Purchase Agreement (SPA) to purchase 134.64 perch property in Obesekarapura, Rajagiriya owned by Alliance Finance Co. PLC fo

Shaw Wallace & Hedges Limited and Shaw Wallace Investments PLC, subsidiaries of Renuka Group yesterday acquired 63.54 percent stake of Carson Cumberbatch group’s specialised private equity company,

The Export Development Board (EDB) announced the revision of the export target for 2021 to US$ 15.72 billion from the US$ 15.68 set earlier this year.

Ceylon Cold Stores PLC (CCS) recorded a loss in the three months ended in September (2Q22) with revenues edging down as production costs remained stubbornly unchanged while other overheads climbed

Sri Lanka’s export sector has fulfilled 70 percent of its new revenue target for 2021 in the first three quarters of the year with September merchandise exports earnings reaching nearly US$ 1 billion.

CIPM Sri Lanka, the nation’s leader in human resource management, together with the World Federation of People Management Associations (WFPMA) and Asia Pacific Federation of Human Resource Management (APFHRM) announced that the world’s most premi

Leading Sri Lankan apparel manufacturer Brandix has embarked on a journey to strengthen the company’s gender equality policies and procedures with technical support from the United Nations Population Fund (UNFPA), to support and provide an inspirin

The ‘performance first’ work ethic embraced by First Capital Holdings PLC, a Janashakthi group company, received industry validation recently, as it was certified as a great workplace by the independent analysts at Great Place to Work (GPW) in Sr

Ceylinco Life has been certified a Great Workplace in Sri Lanka for the second consecutive year with a five-mark improvement over the overall rating accorded to the life insurance leader last year, following an independent analysis conducted by Great

CIMA, ICC Sri Lanka and the Daily FT recognised the winners of Sri Lanka’s Most Admired Companies Awards, at an event held at the BMICH on October 27 and Cargills was among Most Admired Companies of Sri Lanka 2021.

LOLC Life Assurance Limited and LOLC General Insurance Limited, two of the fast growing insurance companies in Sri Lanka, were recognised for its profound commitment to its staff at the recent Asia’s Best Employer Brand Awards 2021, organised by th

The Central Bank this week issued a fresh warning to the public to be on alert on financial scams.

Overseas Realty (Ceylon) PLC yesterday announced the appointment of Ajit Mahendra De Silva Jayaratne as the new Chairman of the company,

World-renowned property developer South City Projects Kolkota let out a sigh of relief yesterday with the construction of Sri Lanka’s tallest residential building Altair Colombo coming to a successful close and ready to be officially handed over to

A footwear, leather products and handloom exhibition, organised by the Footwear and Leather Goods Manufacturers Association,

The Cabinet approval was granted this week to secure a US $ 33.2 million loan from the Kuwait Fund for Arabic Economic Development, which is also known as the Kuwait Fund, to finance the construction of the Medical Faculty of the University of Moratu

After considering the requirement of some agrochemicals such as weedicides and pesticides to control certain diseases, Agriculture Ministry Secretary Senior Prof. Udith K. Jayasinghe has been vested with powers to allow such imports, other than ferti

As the country gets gradually and safely reopened after months of mobility and other restrictions, the broader business community is of the view that the office-based work must stay hybrid going forward, after seeing the positive results during the 2

The government has decided to re-test a fresh sample of earlier rejected organic fertiliser from China’s Qingdao Seawin Biotech Group Co. through a mutually agreed third-party with an accredited laboratory following a request from the Chinese Embas

The Central Bank yesterday gave an update on the envisaged foreign exchange inflows announced in the six-month road map early this month.