Sri Lanka’s country-wide inflation measured by the National Consumer Price Index (NCPI) rose at 2.1 percent in August on a year-on-year basis, against 4.6 percent in July, the data released by the country’s statistics office showed. Food inflatio

The Central Bank yesterday announced the members who will sit on the newly established Governing Board of the financial sector regulator. The Board, constituted under the provisions of the recently promulgated Central Bank Act No. 16 of 2023, convene

The expansion of Sri Lanka’s digital economy will help boost the country’s Gross Domestic Product (GDP) by US$ 15 billion in the coming years, if development efforts in this regard are consistent, said the Federation of Information Technology Sri

The Central Bank yesterday released the ‘Financial Soundness Indicators’ as a key tool for communicating the performance of banks and finance companies supervised by the financial sector regulator. The publica

IndiGo yesterday announced the introduction of new direct flights between Hyderabad and Colombo from November 02, 2023. It is the first Indian carrier to pr

Sunil Wijesinha, Chairman of Watawala Plantations PLC, has been honoured with the ‘Order of the Rising Sun’ by the Government of Japan. This decoration was conferred upon him for his remarkable and enduring contributions to enhancing the Japan-S

Sri Lanka’s cinnamon industry received fresh exposure with a research on unique characteristics of Ceylon Cinnamon being published this week (20) in an international, peer-reviewed, open-access, online science publication, Plos One. Carried out by

In a significant diplomatic meeting, President Ranil Wickremesinghe held a fruitful meeting with the Prime Minister of Bangladesh Sheikh Hasina, in New York this week. The meeting focu

President Ranil Wickremesinghe placed the realities of the achievement of the United Nation’s Sustainable Development Goals (SDG) under the spotlight in New York, asserting that the current state of SDG advancement is globally unsatisfactory.

As Port City Colombo (PCC) is set to launch a roadshow in the UAE, showcasing investment opportunities and incentives for global investors, former UK Prime Minister David Cameron will address an exclusive, closed-door forum.

People’s Bank’s ‘People’s Remittance Vaasi Kotiyai 2023’ draw to select the millionaire winner for the months of June and July took place at the People’s Bank, Overseas Customer Services premises at Colombo 10 recently. In addition to tha

As an active business partner for entrepreneurs, Pan Asia Bank has been in the forefront of supporting the Sri Lankan business community to move forward. As a key initiative, the bank recently held the latest session in a series of workshops on ‘S

IIRM Lanka Insurance Brokers Private Limited announced its outstanding achievement in the Sri Lankan insurance market, securing an impressive market share in both the long-term and general insurance segments. IIRM Lanka Insurance Brokers Private Lim

The SEC Chairman, Faizal Salieh, along with top officials from the SEC and the CSE, recently held a productive engagement with the stockbroker community to discuss vital matters concerning the industry. The meeting which brought together owners and

The Sri Lanka Retailers’ Association (SLRA) is set to host the retail industry’s premier knowledge event, the Sri Lanka Retail Forum 2023, commencing at 9.00 a.m. on 19th October, at the Shangri-La Hotel Colombo. Conducted this year under the th

Millennium IT ESP (MIT ESP) recently entered a strategic partnership with the Institute of Lean Management (ILM), Sri Lanka. This partnership is aimed at revolutionizing the implementation of Industry 4.0 concepts globally in the manufacturing sector

Norfolk Foods (Pvt) Ltd, a manufacturer of specialised frozen foods, celebrated a significant milestone recently. The11th ‘HurryUp’ outlet was launched at Pannipitiya Road, Thalawathugoda, highlighting the company’s growth and expansion and a n

JAT Holdings is introducing Volt Charge (VC), an ambitious joint venture that signifies a remarkable collaboration between Sri Lanka and Saudi Arabia, poised to revolutionize the global Electric Vehicle (EV) charging landscape. In partnership with S

Sri Lanka’s tea production for the month of August 2023 totalled 18.25 million kilogrammes, showing a marginal decrease of 0.36 percent year-on-year (YoY). The provisional data from the Sri Lanka Tea Board showed that all elevations have shown an i

The tourist arrivals to Sri Lanka for the first 17 days of September crossed the 65,000 mark, realising 54 percent of the target set for the month. The provisional data provided by the Sri Lanka Tourism Development Authority showed that from Septembe

JAT Holdings PLC, a Sri Lanka-based paint company with operations in South Asia, has joined hands with entities based in the Kingdom of Saudi Arabia, to incorporate a joint venture company under the name of Volt Industrial Company. JAT Holdings forme

President Ranil Wickremesinghe, who is also the Minister of Finance, is likely to reconstitute the Monetary Board of the Central Bank, Mirror Business learns. Sri Lanka recently passed a new Central Bank Act, which was drafted with the support of the

Sri Lanka will receive fresh funding to support its development agenda with the United States committing to provide additional finances amounting to over US $ 19 million. The commitment was announced at a ceremony at the Sri Lanka Finance Ministry ye

The Fabric Apparel Accessory Manufacturers Association (FAAMA) asserted the need for the local apparel sector to firm up vertical integration and import substitution.

John Keells Properties yesterday added to its portfolio a new residential project, ‘Viman’. The projection that will be....

Dialog Axiata PLC achieved a new milestone in the country by becoming the first to extend 5G connectivity to Apple iPhone users....

Softlogic Retail Holdings (Pvt) Ltd, a fully owned subsidiary of Softlogic Holdings PLC has been granted the manufacturing license...

Sri Lanka will drive as far as possible the window of opportunity brought about by the crisis, as such may not be presented again, President Ranil....

Indices closed in red as a result of price losses in counters such as Commercial Bank, Sampath Bank and Hatton National Bank ....

Sampath Bank PLC, in collaboration with the Board of Investment of Sri Lanka (BOI) and Investment Promotion Ministry, proudly unveiled the comprehensive banking guide titled ‘Sri Lanka Banking Guide...