CIPM Sri Lanka aims to revamp the current landscape for employee reward management by producing specialized human resource professionals with a strong focus and understanding of its practical aspects through the recently announced Certificate Course

WindForce Ltd., has been approved by the Institution of Engineers Sri Lanka (IESL) as a training organisation for graduate engineers for corporate membership in electrical engineering.

Sri Lanka Ports Authority (SLPA) has initiated the structural design work and preparation of tender documents for civil engineering work to develop and operate the East Container Terminal (ECT) under State’s full ownership.

The government has taken a decision to popularise electric vehicles in Sri Lanka, although the importation of personal vehicles to the country—electric or gasoline—had been completely barred since April 2020 amid the country’s dwindling foreign

Tourism sector stakeholders yesterday welcomed the appointment of Basil Rajapaksa as the Finance Minister, and expressed confidence in receiving his support for industry revival.

Tourism Ministry this week received the Cabinet nod to promote Sri Lanka as a favourable destination for ‘digital nomads’, an effort that would assist the hard-hit industry to steer though the new normal.

Browns Investment PLC (BIL), under which LOLC’s non-financial services businesses are structured, yesterday announced its move to acquire a luxury hotel in Mauritius owned by PL Resort Ltd.

Former MP Jayantha Ketagoda and National Youth Services Council Chairman Theshara Jayasinghe have been appointed as the new Chairmen of Sri Lanka Insurance Corporation (SLIC) and Litro Gas Lanka Limited.

Sri Lankan shares closed higher yesterday, boosted by gains in financial and consumer staples stocks. The CSE All-Share index settled up 0.60 percent at 7,913.47.

The Board of Investment (BOI) of Sri Lanka yesterday announced that it had successfully administered the first dose of vaccinations against the COVID-19 pandemic to employees of all 14 export processing zones across the country, while carrying out a

The Ceylon National Chamber of Industries (CNCI), the pioneering chamber for industries in the country, has organised a webinar on tripartite agreement and payment of salaries during the restricted periods.

Kumar Sangakkara and Mahela Jayawardena need no introduction when it comes to the world of cricket. What may be less commonly known is that they are also intrepid entrepreneurs, seeking out meaningful, quality investments to positively impact everyda

Leading global premium streaming platform STARZ has launched its direct-to-consumer Over-The-Top (OTT) app ‘Lionsgate Play’ in Sri Lanka, expanding its presence in Asia, following the successful launch of Lionsgate Play in India, followed by Indo

Sri Lanka finally having opened up to appoint a full-time finance minister could be the solution to iron out the issues faced in the country’s public finance management, according to Colombo-based think tank Advocata Institute, as the role requires

A press statement by the International Monetary Fund (IMF) Board yesterday said on July 9, IMF Managing Director Kristalina Georgieva submitted her proposal for a general allocation of Special Drawing Rights (SDRs) equivalent to US $ 650 billion to t

The government has infused fresh equity to the tune of Rs.45.7 billion to SriLankan Airlines in two tranches through April 2021, under the capital enhancement and restructure programme announced last year to help the airline stand on its own.

Brussels-based Belgian Investment Company for Developing Countries (BIO) has entered into an agreement with Sanasa Development Bank (SDB bank) to subscribe to 20 percent of the bank’s upcoming secondary public offering (SPO) by investing Rs.924.82

Sri Lanka’s banking sector performance indicators, including the mostly watched asset quality, capital adequacy, liquidity and shareholder returns, improved substantially in the first quarter of this year.

Sri Lankan shares closed higher yesterday, boosted by gains in industrial and consumer discretionary stocks.

For the first time in Sri Lanka’s history, Microsoft Corporation has recognised a Sri Lankan company with a main partner award during Microsoft’s Partner of the Year Awards for 2021.

Amidst adverse economic conditions, compounded by a month-long island-wide lockdown, JAT Holdings reported outstanding performance in 1Q of FY22, with a record revenue of Rs. 1.4 billion during the period.

CEAT Kelani Holdings has announced a production increase of 84,000 radial tyres per year for passenger cars and vans, in its second expansion in this segment within the past four months.

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), which has played a leadership role across the South Asian region over many decades to develop the accounting profession, conducted a programme aimed at facilitating technical support

The Central Bank was able to maintain net absorptions of foreign exchange amid the most difficult circumstances created in the domestic foreign exchange market with slowdown in inflows, and heightened outflows with regard to imports and other foreign

The Colombo Stock Exchange (CSE) has decided to revisit the methodology of ASPI computation to determine the possibility of index movements being linked to the public float (as opposed to the total market capitalization which is the current practice)

The Cabinet of Ministers, concerned by the current pressure on foreign liquidity, which has been fast drying up, has decided to authorize a study to explore the possibility of further raising the amount of mandatory conversions out of export proceeds

Setting the record straight, the Central Bank Governor Professor W.D. Lakshman last week reiterated that there is neither a serious discussion nor intention to seek the support of the International Monetary Fund (IMF) to overcome the current economic

The Securities and Exchange Commission of Sri Lanka (SEC) along with the Colombo Stock Exchange (CSE) continue to drive digital advancement in Sri Lanka’s capital market with the launch of the second phase of the digitalization of the Stock market

Pressures on Sri Lanka’s economy have sent food prices soaring in recent months, and June witnessed the highest increase according to Advocata’s Bath Curry Indicator (BCI), which showed changes in food prices recording a jump to 14.3 percent.

While Sri Lanka will get over the near term foreign currency debt challenges with recent measures taken,