Brent crude oil futures stuck near three-year highs yesterday, with U.S. benchmark crude close to 2014 peaks, after the OPEC+ supplier group decided to stick to a gradual output increase plan rather than fully opening the taps.

An engineer has filed a writ petition in the Court of Appeal challenging the legality of regulations titled Urban Development Authority Planning & Development Regulations 2021 issued by Prime Minister Mahinda Rajapaksa in his capacity as subject Mini

Sri Lanka’s condominium market which got off to a robust start in the first three months of 2021 slowed in the second quarter, though activity was higher than from a year ago levels as the pandemic induced restrictions appeared to have had a bearin

Sri Lanka’s judiciary system is going to get a digital facelift soon to enable hearing of cases remotely (via online) with whole proceedings also set to be video recorded for complete transparency of the process.

The Central Bank of Sri Lanka co-hosted the CBSL-ADBI-APAEA Online Macroeconomics Conference for the second consecutive year, in collaboration with the Asian Development Bank Institute (ADBI) and the Asia-Pacific Applied Economics Association (APAEA)

‘Driving your talent strategy’, the second session at the upcoming Sri Lanka Retailers Forum 2021 will focus on the crucial element of talent management and how retail can be positioned as an attractive employment sector.

The 20th Conference of the Confederation of Asian and Pacific Accountants (CAPA) and the 42nd National Conference of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will be ceremoniously inaugurated in Colombo today, Alan Johnson,

Cargills is humbled to have been selected as one of the Top 10 Most Admired Companies of Sri Lanka by CIMA, ICCSL and the Daily FT, for the second consecutive year.

Velona Cuddles, the most sought-after and trusted brand in the hygiene and clothing segment in Sri Lanka, clinched the Gold award for the Best Website Content in the FMCG Sector, at ACEF Content Marketing and Creators Awards 2021.

On a quest to minimise and mitigate the impact of its operations on the environment, Expack Corrugated Cartons Ltd, the premier corrugated carton manufacturer in Sri Lanka catering to both local and export markets and a subsidiary of Aberdeen Holding

The Exterminators (Pvt.) Ltd, Sri Lanka’s premier environmental enhancement solutions provider, announced that the company would franchise its specialised services nationally and internationally.

Taxperts Lanka (Pvt.) Ltd won the National Ingenuity Award, at the 2021 IT Awards organised by the Sri Lanka Association of Software and Services Companies (SLASSCOM).

DIMO, one of the leading conglomerates in Sri Lanka, is celebrating its partnership of 50 years with the world-renowned heavy machinery giant Komatsu in Sri Lanka, at the same time that Komatsu is marking 100 years of its business operations.

Atlas, the largest local stationery and school supplies brand, recently announced the expansion of its online portfolio by adding the perfect solution to inspire young creative minds with a gift that is fun, meaningful and safe: e-gift vouchers.

As the pandemic pushed the world, including Sri Lanka, into the digital highway faster than anyone would have thought possible, the authorities at home are beefing up legal protections against its citizens’ personal data, used both online and offli

Sri Lankan shares closed at record highs yesterday, helped by gains in financial and industrial stocks. The CSE All-Share index settled 1.06 percent higher at 9,542.33. Last week, the index rose 5.62 percent to register its second straight weekly gai

Hayleys PLC has been planning to dispose part of the assets of its subsidiary Singer (Sri Lanka) PLC, to reduce the latter’s leverage but the not so favourable macroeconomic conditions have continued to impede such plans for more than a year now.

Prospects for the revival of international tourism remain mixed for the September-December 2021 period, the UNWTO Panel of Experts survey revealed,

The Central Bank (CB) plans to lift the ceiling imposed on outward investment and migration allowances from January 1, 2022, CB Governor Ajith Nivard Cabraal announced.

Oil was steady yesterday ahead of a meeting by OPEC and its allies, which may determine whether a recent rally in prices amid supply shocks and a recovery from the COVID-19 pandemic will be sustained.

The pandemic-induced economic restrictions inflicted widespread pain on both private and public incomes and the latter sent the fiscal deficit over a trillion rupees during the first seven months of 2021, as the government lost over Rs.1.5 trillion i

Prices measured by the Colombo Consumer Price Index (CCPI) eased in September from a month ago as months-long hyper increase in food prices slowed a bit,

Fitch Ratings last week hinted at a potential increase in the Excise tax on alcoholic beverages by the government in the upcoming budget, but said such moves, should there be any, would be limited to the near term and would not be too prohibitive to

Credit to the private sector from licensed commercial banks could stay at the desired direction during 2021 and potentially transcending into 2022 despite some easing in the next couple of months as the private sector’s thirst for credit is unlike

The Central Bank (CB) is considering the possible revival of the six failed non-bank finance institutions (NBFI) via fresh capital infusions.

Sri Lanka’s official unemployment rate fell to 5.1 percent in the second quarter ended in June 2021 from 5.7 percent three months ago, but the underlying conditions aren’t too well as the labour force participation rate fell below 50 percent to 4

As an effort to unwind the current monetary stimulus, the Central Bank (CB) expects to downsize weekly Treasury bill auction to below Rs.50 billion from the current range of Rs.70-75 billion.

In an alarming revelation, the World Bank has indicated that 90 percent of projects, which they have funded towards making the government and the public service in Sri Lanka digitally friendly, have failed to bring the desired results, according to s

Sri Lanka’s efforts in improving transport connectivity will pick up pace with the World Bank (WB) having approved last week a US$ 500 million financing.

All major airlines are showing an increase in passenger loads to Sri Lanka following the government’s move to relax the entry requirements into the country.