Alarmed by a quality drop in green tea leaves, the government assured that the measures are in place to supply nitrogenous fertiliser for the tea sector, via imports without disruptions, as planters struggle to source organic fertilisers amid the imp

The Central Bank this week announced the appointment of the new members to the Monetary Policy Consultative Committee (MPCC), with effect from October 5, 2021.

Under the IFC-DFAT Women in Work programme, IFC officially presented the financial and digital financial literacy training modules to Central Bank of Sri Lanka (CBSL) Governor Ajith Nivard Cabraal.

The Institute of Certified Management Accountants of Sri Lanka (CMA) will conduct Performance-Based Strategic Management Accounting Series No. 7, on value-based management in government, on Thursday, October 21, 2021, from 6:30 p.m. to 7:30 p.m., via

International Monetary Fund (IMF) Managing Director Kristalina Georgieva announced that Gita Gopinath, the Fund’s Chief Economist and Director of the Research Department, intends to leave the Fund in January 2022 and return to Harvard University’

Coinciding with the 13th anniversary of the Asia Pacific Technology Systems Private Limited (APTS), its long-serving employees were appreciated and among them were Chief Technology Officer (CTO) Sanjeewa Dannangoda, who has been working for APTS for

On October 16, 2021, Colombo Dockyard PLC (CDPLC) technically completed and dispatched two vessels to Iraq: buoy tender vessel Al-Faw and pilot station vessel Shatt Al-Arab, for General Company for Port of Iraq (GCPI).

The Annual General Meeting (AGM) of the Institution of Mechanical Engineers (IMechE) Sri Lanka Group was held recently.

Sri Lanka’s pioneering start-up acceleration programme Venture Engine will soon wrap up its submissions phase, with applications set to close on October 22, 2021.

Quickee.lk, a leading e-commerce and product delivery platform, has launched industry first Personal Concierge Service, bringing a new paradigm shift in the local e-commerce and concierge delivery space.

The Women’s Chamber of Industry and Commerce (WCIC) conducted its 36th Annual General Meeting (AGM) virtually on September 25, 2021, where Anoji De Silva took over the reins of the WCIC.

Returning to its originally set target at the beginning of the year, the Central Bank last week said it expects to end the year with a total private sector credit growth of Rs.850 billion, which translates to a robust 14 percent growth over last year

An employee attached to Fonterra Brands Lanka (Pvt) Ltd. has sent a Letter of Demand to the company claiming Rs.1000 million as damages for terminating her employment under the false claim of redundancy.

The Central Bank is expected soon forward a proposal to the government for consideration, urging to explore the possibility of resuming car imports paid via foreign exchange as vehicle imports remain suspended for 18 months, exerting pressure on the

Lanka Corrugated Carton Manufacturers Association (LCCMA) has requested the Colombo Stock Exchange (CSE) to delay the upcoming initial public offering (IPO) of Ex-Pack Corrugated Cartons (Pvt) Ltd until the company rectifies the alleged inaccurate in

Despite the lockdowns, both manufacturing and services activities expanded in September from a contraction in August indicating that economic activities have mostly adjusted to operate safely under the guidelines, although rising global commodities p

While commending the government’s decision to allow imports of nitrogen-based fertilizer for the tea industry, the Planters’ Association of Ceylon (PA) called for the distribution to be fast-tracked in order for the tea sector to immediately reco

Verité Research hosted the online discussion themed ‘Steering out of the Debt Crisis: Recipe for Budget 2022’ on October 14th.

The Sri Lanka Association for Software Services Companies (SLASSCOM) has embarked on yet another pioneering initiative, this time to achieve its goal of social transformation, creating an impact through technology, by launching the SLASSCOM Foundatio

The Sri Lanka Export Development Board (EDB) Advisory Committee on Ornamental Fish Exports was established on October 12th, and the first meeting was held via Zoom under the patronage of Trade Minister Bandula Gunawardane.

MTI Consulting has just completed an assignment to independently review possible repercussions and opportunities for Pakistan’s economy in case it decides to accede to WTO’s Information Technology Agreement (ITA).

The Court of Appeal has ordered to set aside a decision made by the Divisional Secretary of Hanguranketha to award a sum of Rs.14 million as compensation for a land acquired from the co-owners of Joansland Estate, in the Nuwara Eliya district and hel

Commercial Bank of Ceylon has become the first bank in Sri Lanka to link the Import and Export Control Department (IECD) to a digital platform with LankaPay, enabling customers to pay their licence fees to the department conveniently, without having

The budget for 2022 is scheduled to be presented in Parliament on November 12 and the final vote on budget is set on December 10.

As Sri Lanka gears up to revive its tourism sector, the island nation has secured a position as one of ‘The Best Countries to Travel to’ by the Conde Nast 2021 Readers’ Choice Awards.

Thilak Weerasinghe, representing Lanka Sportreizen, was unanimously re-elected as President of the Sri Lanka Association of Inbound Tour Operators (SLAITO).

Trade Minister Bandula Gunawardena has appointed several Export Advisory Committees to overlook 24 sectors for the 2021-2026 period.

The U.S. Agency for International Development’s (USAID) Private Sector Development project signed a memorandum of understanding (MoU) with Hatton National Bank PLC (HNB) to expand financing to micro, small and medium enterprises (MSMEs) in Sri Lank

Legal approval has been received for mobile number portability (MNP), Telecommunications Regulatory Commission of Sri Lanka (TRCSL) Director General Oshada Senanayake said.

Moneys sent back by Sri Lankans working abroad continued their descent for the fourth consecutive month in September, further widening the gap between the cumulative remittance income received during the nine months in 2020 and 2021.