The global innovation policy advisory & research firm Startup Genome has launched the 2021 edition of the Global Startup Ecosystem report (GSER), in which Sri Lanka’s startup ecosystem was featured along with key insights and its way forward after

Speaker Mahinda Yapa Abeywardena endorsed his certificate on the Securities and Exchange Commission of Sri Lanka Bill yesterday.

The local renewable energy players with an expansive overseas portfolio are likely to do well in the future due to the growing demand for sustainable energy as the world is coming together to gradually end its reliance on fossil fuel powered energy o

Persistent default fears eclipsed efforts by China Evergrande Group’s Chairman to lift confidence in the embattled firm yesterday, as Beijing showed no signs it would intervene to stem any domino effects across the global economy.

Lankem Ceylon PLC last Friday filed a mandatory offer to acquire the remaining ordinary voting shares of ACME Printing & Packaging PLC (ACME) following the acquisition of 19.43 percent stake by its associate, E.B. Creasy & Company PLC early this mont

The Maldives continues to remain successful in attracting travellers despite the pandemic and has welcomed over 800,000 tourists since the start of

Sri Lanka’s tourism sector, which is harshly battered by pandemic-induced travel restrictions and border closures, has renewed its calls to authorities to write off the interest component accrued during the period of the loan moratorium, which was

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

CT CLSA Securities Services announced the appointment of Sivashanth Sundararajee as its Chief Operating Officer/Executive Director, with effect from August 27, 2021.

The Industry Development Forum (IDF) was incorporated in 2020 for the purpose of promoting, supporting and stimulating sustainable and successful business growth. The IDF intends to accomplish this by positively affecting the local business environme

WindForce PLC has won the award for the Fastest Growing Renewable Energy Company in Sri Lanka, at the Global Business Outlook (GBO) Awards for 2021.

Alarmed by the rising short supply of the required raw materials for manufacturing, due to the severe shortage of foreign currency in the country’s banking sector, Sri Lanka’s largest cable manufacturer ACL Cables PLC has decided to sell all its

The Central Bank last week extended the loan payment holidays on the tourism sector reeling from the lingering effects of the pandemic-induced restrictions by a further nine months to June 2022, as the most recent round of relief is coming to an end

The prolonged restrictions on vehicle imports will continue to dampen the growth and profits of the finance and leasing company (FLC) sector, which has already been grappling with a multitude of challenges, including degrowth and sour asset quality.

Assistant Governor K.M.A.N. Daulagala has been removed from the post of Secretary of the Monetary Board of the Central Bank, with immediate effect. She has been replaced by Assistant Governor J.P.R. Karunaratne.

Seeking an International Monetary Fund (IMF) assistance to ride out the external sector and broader economic woes of Sri Lanka is increasingly becoming the most plausible scenario, as access to external funding is becoming more difficult with the glo

Due to the shortage of suitable fertiliser, Sri Lanka is unlikely to be able to achieve its export earnings target for 2021, according to the Planters’ Association of Ceylon (PA), which also reiterated the calls for a sustainable solution to the wo

In what could be the most comprehensive study carried out to date on the cost of chemical fertiliser ban and its implications on the country’s already ailing merchandise trade deficit, the Sri Lanka Agricultural Economics Association has estimated

The Lankan Angel Network (LAN), the country’s largest network of angel investors, has appointed Chandi Dharmaratne as its Chairperson for 2021/2022, at its most recent board meeting held in September.

The CFA Society Sri Lanka is to unveil its virtual course on ‘Enhancing Investment Management with Python and Machine Learning’ in collaboration with Acuity Knowledge Partners, commencing from Tuesday, September 28, 2021.

SLT-Mobitel, the national ICT solutions provider focused on purpose-driven innovation, has announced the short listing of 20 start-ups for its pioneering Entrepreneurship Studio 2021-2022 cohort and the commencement of an intensive mentoring and coac

Commercial Bank of Ceylon in collaboration with the Council for Business with Britain (CBB) recently conducted a free webinar titled ‘Export Opportunities to Great Britain’ for over 290 Sri Lankan small and medium entrepreneurs and exporters as w

The Central Bank (CB) has removed the maximum acceptable rate (364-day T-bills) at the T-bill auction after one year, as it was not successful in attracting bids for the auction, due to this restriction.

Extending a helping hand during one of the most crucial times for the local economy, the United States International Development Finance Corporation (DFC) recently finalised the official handing over of a US $ 40 million (Rs.7.5 billion) term loan fa

China has applied to join a key Asia-Pacific trade pact as it attempts to strengthen its position in the region. The move comes the day after a historic security deal between the US, UK and Australia was unveiled.

Expo 2020 Dubai is the latest edition of world expos held around the world since 1851 and will be the first-ever to be held in the Middle East, Africa and South Asia. Sri Lanka will participate in the mega event, which commences in October (October 1

Sri Lanka’s industrial production recovered during July, when the country returned to a brief economic normalcy with the ending of the lockdowns on June 20, broadly reflecting the sensitivity of the country’s industrial activities to the travel a

S&T Interiors, a joint venture of the Hayleys group and S&T Oman, announced the commencement of the Rs.1.94 billion 253 guest room refurbishment project for the Hilton Colombo.

HCL Technologies, a leading global technology company, has completed one year of operations in Sri Lanka and recently surpassed a milestone of recruiting more than 1,000 local employees, including recent graduates as well as seasoned industry profess

Sri Lanka’s economy grew at a robust 12.3 percent in the second quarter of 2021 since late April as a result of an extremely low base in the corresponding period of the previous year, despite the COVID-19 virus-induced restrictions on economic acti