Sri Lankans who have been waiting impatiently to resume international travel are being offered an opportunity by Emirates to lock in special fares for the rest of the financial year by booking early.

In line with the government’s policy of developing regional industrialization, the Board of Investment (BOI) of Sri Lanka recently entered into a supplementary agreement with Jay Jay Mills Lanka to lay foundation to an initial investment of US $4 m

The Central Bank’s monetary easing measures have unleashed a whopping Rs.3.0 trillion worth of stimulus into the broader economy since March 2020 through June 2021, with the objectives of alleviating the full impact of the pandemic on the economy.

Lanka IOC PLC (LIOC), which has expansive petroleum downstream operations in Sri Lanka, will soon commission the country’s first grease manufacturing plant as part of the company’s strategy towards enhancing its revenues from other segments to ke

Mahindra Ideal Lanka (Pvt) Ltd in Welipenna, a subsidiary of the Ideal Group added a massive 805 Kilowatt (kW) solar power to the national grid yesterday (September 5), commemorating the birthday of the company’s Founder and Chairman, Nalin Welgama

Laugfs Gas PLC, which is repeatedly and harshly battered by soaring global prices amid price controls in its key Sri Lankan market, has begun to expand its bulk sales segment of liquefied petroleum gas (LPG) in a bid to change its financial fortunes

Sri Lanka’s largest corrugated cartons manufacturer Kassim-family owned Expack Corrugated Cartons (Pvt) Ltd. has officially commenced the process for an Initial Public Offering (IPO) on the Colombo Stock Exchange (CSE), Mirror Business learns.

Sri Lanka’s listed companies reported robust earnings for the three months to June 2021 compared to the same period in 2020, when the lockdowns weighed more heavily on a large swath of businesses, but 2021 June results marked a break from the March

The continuation of import restrictions could lead to Sri Lanka facing severe consequences, cautioned international trade experts, which would eventually result in the national economy facing tariff retaliation.

Mobile vendors were seen on roads in Colombo yesterday, as the government extended the quarantine curfew to September 13.

SriLankan Airlines, the national carrier of Sri Lanka and a member of the oneworld alliance, celebrated 42 years of flying across the globe.

Most Salvadorans disagree with the government’s decision to adopt bitcoin as legal tender, with many unaware of how to use the digital currency and distrustful of the project, a poll by the Central American University (UCA) showed on Thursday.

Union Assurance PLC closed the first half of the financial year as the fastest growing life insurer, achieving a 65 percent growth in regular new business premiums among the top five life insurers in Sri Lanka, amidst a pandemic-affected business lan

China has announced plans to set up a third stock exchange to serve small and medium-sized businesses. President Xi Jinping said the new share market will be in the capital Beijing, during a speech to the International Fair for Trade in Services.

Online gamers under the age of 18 will only be allowed to play for an hour on Fridays, weekends and holidays, China’s video game regulator has said.

The government said the depreciation of the rupee while there has been a massive injection of US dollars into the country is “strange” and attributed it to “some error” that needs to be looked into.

Fitch Ratings has assigned Commercial Bank of Ceylon PLC’s (CB, AA-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III compliant subordinated debentures of up to Rs.10 billion a final National Long-Term Rating of ‘A(lka)’.

Legendary Singaporean investor and the Chairman of Overseas Realty Ceylon PLC S.P. Tao has passed away at the age of 105 in Nanjing, China.

The government yesterday asked people to not panic fearing a food shortage in the country, as there is no truth to reports claiming a scarcity of essential commodities.

Borrowings by the government in July from the Central Bank and licensed commercial banks amounted to a whopping Rs.320 billion, nearly double the figure in June, as the government settled a billion dollar bond from printed money while the semi-dorman

Soaring prices of food staples such as sugar, vegetables, fish, chicken and the likes pushed consumer prices in the Colombo district to an 18-month high in August from a year ago as the country is battling its worst economic crisis alongside a once-i

A mechanism has been formulated to provide organic fertilizer required for the Maha Season to farmers without any shortage, government officials of line institutions said. Accordingly, they said the entire process including farmer awareness, technica

With the aim of helping Sri Lankan technology companies gain access to a lucrative pipeline of new customers, marketing channels and business opportunities, PwC Sri Lanka along with its ecosystem partner SLASSCOM, has organised a unique session on di

Following a successful year where our female achievers were celebrated for their achievements, NDB bank together with Sirasa News 1st recently launched the second Sri Lanka Vanithabhimana Programme for 2021. The second launch however also focuses on

Ceylon Tobacco Company PLC (CTC) recently announced the appointment of Syed Muhammad Ali Abrar to the position of Finance Director, effective September 1, 2021.

The ICCSL webinar in partnership with Daily FT, the MBA Alumni Association of University of Colombo and Rotary Club of Colombo, titled ‘A Smart Lockdown – The Need of the Hour?’, will be aired on the FB pages of the ICCSL and Daily FT and LNW s

The Board of Investment (BOI) of Sri Lanka recently signed an agreement with Rakshaa (Pvt.) Ltd, for the expansion of its existing operations, which will now include high-quality ladies fashion garments and sportswear.

A United States-based frontier market equity investment fund said it experienced up to more than a month delay in receiving its sales proceeds after it exited its positions in Sri Lanka’s equity market.

Sri Lankan shares closed at an all-time high yesterday, helped by industrial companies and a surge in conglomerate Expolanka.

The economic recovery of Sri Lanka requires the government to take a fresh look at its policies; however, the urgent need is to increase its participation in international trade, for which it is imperative to redefine the current tariff structure, sa