The Governor of the Central Bank of Sri Lanka, Ajith Nivard Cabraal met with Bangladesh High Commissioner to Sri Lanka,

Dialog Axiata PLC launched ‘Suwa Diri’, a free communications facility for the healthcare sector, paying tribute to all healthcare staff supporting the national efforts in curbing the pandemic and working tirelessly on the front-line to care for

With the objective of defining and developing a framework for professional skills which will fulfil the current soft skills gap in the IT/BPM industry and support its stakeholders to have a more comprehensively competent workforce,

People were seen purchasing books at book stores in Colombo yesterday

The Colombo Stock Exchange (CSE) announces the appointment of Asanga C. Seneviratne as a Director of the CSE board, with effect from September 23, 2021.

In a bid to generate traffic at Mahinda Rajapaksa International Airport (MRIA), Mattala, the Tourism Ministry announced that a special concessionary package would be offered for international airlines registering to operate scheduled flights.

China’s central bank has announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin.

Uber Eats announced its launch in Gampaha, its fifth city in Sri Lanka, bringing convenient food and grocery to the region and connecting local restaurants and merchants with new customers.

School education could be the next thing which could go hybrid in the post-pandemic world, when the governments begin to safely return the children to school after more than one and half years of remote learning necessitated by the pandemic.

The Labour Ministry promises to take the necessary steps to conduct the COVID-19 testing process of the returning migrant workers at Bandaranaike International Airport (BIA) free of charge and without much hassle.

Some form of a tax relief on incremental exports is the least that could be granted by the government from the upcoming budget given its fiscal constraints to incentivise exporters who continuously strive to add more capacity and bring foreign exchan

Agriculture and industrial sector players sought a higher allowance for Research and Development (R&D) expenses they spend for tax purpose from the upcoming budget to further incentivise the businesses to spend more on new product development,

Sri Lanka’s producers across agriculture, manufacturing industries and utilities continued to experience near double digit prices through July 2021 continuing the momentum set forth from the beginning of this year as supply chain disruptions caused

The Planters’ Association of Ceylon (PA) will be hosting its 167th Annual General Meeting (AGM) on September 30, 2021.

Shortly after a group of investors, led by the private equity firm Herkules’ ‘Deal-by-Deal’ team, invested in 99x, they have now completed the transaction to purchase Seeds Consulting AS.

REC Campus (AKA Russian Education Centre), a Colombo-based leading foreign educational pathway provider in Sri Lanka, has instituted legal action in the District Court of Colombo against YouTube LLC, a California-based social media network offering a

Hambantota International Port Group (HIPG) signed a memorandum of understanding (MoU) with Xiamen King Long United Automotive Industry Co., Ltd (King Long) in Fujian China, last week.

The prolonged and recently tightened controls on imports and outward remittances are unlikely improve the country’s Balance of Payment (BOP), instead would backfire by way of commodities shortages and rising prices, hurting the supply chains and de

Sri Lanka is on course to record its highest ever Balance of Payments (BOP) deficit in 2021 as the first 7-month deficit in the overall foreign inflows and outflows surpassed the deficit recorded in the entirety of 2020.

As Sri Lanka’s macroeconomic outlook remains bleak, just as it has been in the past, it is about time the country embarks on serious initiatives to establish an effective revenue generation system that will result in sustainable outcomes without fu

Sri Lanka’s construction activities delivered their fastest growth in five years during the quarter ended June 2021, while the complementing real estate activities continued to add strength into its growth,

The Ports Ministry secured the Cabinet nod this week to float fresh tenders to develop the Port of Galle as a public-private partnership project, at an estimated cost of US $ 175 million.

The Cabinet of Ministers this week cleared a request to increase the government’s credit limit by further Rs.400 billion to Rs.3.39 trillion for 2021, under Appropriation Act No. 7 of 2020, to meet the pandemic-related additional expenditure requir

The Cabinet of Ministers this week cleared the path for the Trade Ministry to enter into foreign exchange agreements with selected suppliers, to procure essential consumer commodities for Lanka Sathosa Limited, under fixed prices, within the next thr

The government plans to obtain a US $ 100 million supplementary loan facility from the World Bank to procure 14 million doses of the Pfizer COVID-19 vaccine and to finance the other costs related to vaccination.

The Central Bank this week defended the appointment of Assistant Governor J.P.R. Karunaratne as the new Secretary to the Monetary Board, replacing Assistant Governor K.M.A.N. Daulagala, with effect from the 15th of this month, claiming the move as th

Sri Lanka’s national prices eased in August on both food and non-food prices but the level of decline isn’t enough to assuage concerns over the exorbitant prices daily confronted by the people on everything, from food staples to durables to other

Having witnessed the destitute situation of the artisans and the craftsmen in the country due to the present Covid pandemic, Sala Global (Pvt) Ltd have joined hands with Laksala to take their products through their showrooms and using their IT knowle

The unconventional policy package adopted by the government to ease the pressures stemming from the pandemic did help Sri Lanka rid some problems but continuing to impose such measures could have adverse effects on the economy and even hamper growth,

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 Finance Act No. 18