The Joint Apparel Associations Forum (JAAF) has formulated a 5-point framework to coordinate the industry’s response to challenges stemming from COVID-19 and to drive stakeholder collaboration towards ensuring sustained long-term growth of Sri Lank

In a historic partnership entered into on August 24, SDB bank and Hayleys Fentons have come together to promote sustainable solutions relating to energy and built environment through innovative customer value propositions, in what represents a fresh

Sri Lanka Convention Bureau (SLCB) is a State institute under the Ministry of Tourism with the prime objective of promoting Sri Lanka as a venue for MICE (Meetings, Incentives, Conferences, Exhibitions & Events) activities.

In its standing as the national body of accountants, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will pay special attention to the newly legislated Colombo Port City Economic Commission Act by organising a virtual seminar to he

The government says it is not possible to make a full transition of the State vehicle fleet to either electric or hybrid by 2025 due to the current environment.

Acuity Stockbrokers, emboldened by the robust financial performance recorded by the banking sector for the second quarter despite pandemic related disruptions to the broader economy, maintained its positive outlook for the sector in the remainder of

In a bid to facilitate more tourists entering the country, the Cabinet of Ministers yesterday announced its decision to issue tourist visas valid for 180 days for those arriving via electronic visa approvals.

Emirates has announced the resumption of its Colombo - Male service starting September 1.

With 5, 533 State-owned vehicles not in running condition, the government has granted a monthly allowance to 8,500 senior officials in State institutions for using their private vehicles for official purposes.

National consumer prices rose to 16-month high in July as food prices soared while non-food prices gained over the previous month with the brief returning of normalcy after month long virus-related restrictions in June, as seen from the subcategories

The turnover on the Colombo Stock Exchange (CSE) yesterday topped Rs.10 billion with both indices significantly improving, as retail investors continued to dominate the trading heavily focusing on foreign exchange earning firms, with Expolanka Holdin

The Ceylon Electricity Board (CEB) returned to profit during the three months ended in June (2Q21), as revenues rose, generation costs eased while the finance cost fell, improving the financial prospects of the key power utility in the country for th

The largest allocation of Special Drawing Rights (SDR) in the history of the International Monetary Fund (IMF) to the tune of US $ 650 billion came into effect yesterday.

Creating history in the country’s shipping industry, the Ceylon Association of Shipping Agents (CASA) has elected McLarens Shipping Group Managing Director Shehara De Silva as the association’s first female Chairperson.

The authorities appear to have largely contented with the pace of credit growth into the key sectors of the economy through the first half of this year, since they set forth an ultra-accommodative monetary policy stance along with targeted measures t

Sri Lanka’s tea export volumes in July declined by 8.9 percent year-on-year (YoY) to 25.54 million kilos, driven by the restricted shipping logistics combined with the possible disruptions caused by the latest COVID-19 wave, according to Forbes and

Some local banks have temporarily suspended issuing payment cards or commonly known as ATM cards to their customers, due to a supply hiccup caused by the shortage of microchips embedded in such cards globally.

Samsung, Sri Lanka’s number 01 consumer electronics and smartphone brand, has introduced a new UV sterilizer with wireless charging that can be used to quickly disinfect any smartphone, buds, spectacles, and smartwatches in just 10 minutes, whereve

Sri Lanka Export Development Board (EDB) is planning to hold the 24rh Presidential Export Awards ceremony for the financial years 2019/20 and 2020/21 on December 3rd at the Bandaranaike Memorial International Conference Hall (BMICH) under the patrona

The Ceylon Chamber of Commerce in collaboration with the Australian Government-funded Market Development Facility (MDF) will host a series of events titled, ‘The Business Case for Climate Change Adaptation for Agribusinesses,’ to increase awarene

Breaking barriers in the non-bank financial services space, First Capital introduces ’digital onboarding’ to facilitate non-face-to-face account opening for unit trusts and government securities clients for the first time in Sri Lanka.

The 9th Capital Market Conference (CAPM) is scheduled to be held today (August 24).

After reports and a bevy of queries if certain foreign currency transactions via credit and debt cards are restricted, the Central Bank reiterated that no such restrictions were imposed nor additional charges had been levied on credit card payments m

The Central Bank intends placing a ceiling on rates of dollar deposits held by exporters in a bid to narrow the gap between the rates offered between the deposits denominated in rupees and dollars, and rupee loans.

The Central Bank has assisted importers in clearing their shipments since the country started experiencing foreign exchange shortages amid slowdown in foreign earnings and sizeable foreign debt settlements.

Backed by government support, Sri Lanka solar industry is upbeat over the ability of achieving 2700 MW target in installed capacity by 2030, which in result stands to save as much as US$ 495 million in foreign exchange outflows per annum to the count

Sri Lanka is expecting to receive the US$ 250 million swap facility entered into with Bangladesh Bank in multiple tranches starting immediately and a few other inflows during the month of August as part of the stop-gap measures by authorities to rebu

Sri Lanka is holding discussions to explore the possibility of obtaining credit lines from importing countries for big ticket imports such as petroleum to lessen the burden on the foreign exchange and thereby the balance of payment created by the pan

Gas World (Pvt) Ltd, a wholly owned subsidiary of Industrial Gases Pvt Ltd, recently announced its plans to add yet another ASU plant to increase their Medical and Industrial Oxygen production capacity.