CG Capital Partners Global Pte. Ltd., a private company incorporated under the laws of Singapore has received approval from the Monetary....

Ambeon Holdings PLC and Ambeon Capital PLC conjointly announced the appointment of Dr. Sajeeva Narangoda as the Group CEO....

A high-level Sri Lankan tripartite delegation embarked on a four-day intensive study visit to Indonesia earlier this month to learn...

Sri Lanka bank ratings are unaffected by the downgrade of Sri Lanka’s Long-Term Local-Currency Issuer Default, affirmed Fitch Ratings.

The new Central Bank Act, which paves the way for the financial sector regulator to be more independent, came into effect this week, with the law being certified by Speaker Mahinda Abeywardana.

Kapruka Holdings PLC, Sri Lanka’s pioneering and largest locally-owned e-commerce enterprise, is pleased to announce the appointment of Suresh Subasinghe as an Independent Non-Executive Director.

The offerings were barely maintained at the Colombo Tea Auction this week and totalled 5.0 million kilogrammes. There was fair general demand and often the prices appreciated on a selective basis.

Sri Lanka 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 Association of Small and Medium Enterprises in Tourism (ASMET) elected Rohan Abeywickrema as its President, at the 16th Annual General Meeting held this week.

A delegation of Ceylon Agro and Bio Technology Company Ltd, led by CEO Ravin Nawaratne and High Commissioner for Sri Lanka in Kenya Kana V. Kananathan held a constructive meeting yesterday with Kenya’s State Department for Investment Promotion Prin

The Free Trade Zone Manufacturers’ Association (FTZMA), representing the collective voice of the Board of Investment-affiliated companies, this week joined in on commending the government to defer the repeal of the Simplified Value-Added Tax (SVAT)

REUTERS - Oil prices climbed yesterday to their highest this year, as expectations of tighter supply outweighed worries about weaker economic growth and rising U.S. crude inventories.

Sri Lanka has been listed as one of the 50 best islands in the world for travel for 2023 by Big 7 Travel. The island nation was ranked 13 in the annual round up of the world’s best islands.

The inaugural meeting to assess Sri Lanka’s progress on the implementation of new economic reforms proposed by the International Monetary Fund (IMF) was held at the Presidential Secretariat yesterday.

A c t i n g F i n a n c e Mi n i s t e r R a n j i t h Siyambalapitiya yesterday expressed confidence in Sri Lanka›s first External Fund Facility (EFF) review with the International Monetary Fund (IMF) being a success, which will give access to the

Mayo Clinic Team, a global icon in healthcare, education, and research, is currently in Sri Lanka to discuss the progress of the Port City Colombo Hospital project. Having partnered with Asiri Hospital of Softlogic, the two entities are looking to s

Sri Lanka and Thailand are engaged in expedited negotiations for a free trade agreement (FTA) to enhance bilateral trade, facilitate trade activities and promote investments. The two nations aim to complete the discussion rounds by the beginning of

The tourism industry in Sri Lanka is gearing up for an exciting series of events to celebrate World Tourism Day 2023, which falls on September 27, 2023. The Sri Lanka

Emirates and Maldivian have announced an interline partnership, enabling Emirates customers to access 16 popular holiday destinations in the Maldives beyond Malé. The agreement suc

CFA Society Sri Lanka has commenced the local leg of the CFA Institute Global Research Challenge that was officially inaugurated at the Colombo Stock Exchange, on September 13, 2023. The Research Chall

Port City Colombo took centre stage as the Gold sponsor of the prestigious i3 Summit by Khaleej Times in Dubai, which was held under the theme, ‘Redefining Innovation, Inspiring Change and Shaping the Future of Business’. This key sponsorship st

Investment Promotion State Minister Dilum Amunugama is currently on an official visit to the People’s Republic of China. As a country, China is the largest foreign direct investor in Sri Lanka. China has contributed to uplifting the foreign direct

The Financial Intelligence Unit (FIU) of Sri Lanka in its recent sanitised report of the 2021/22 National Risk Assessment (NRA) on Money Laundering and Terrorist Financing (ML/TF) has assessed the overall risk for the country as medium.

Diversified conglomerate, Hemas Group Sri Lanka, has taken a significant step towards expanding its global footprint, and is looking at Africa. To explore prospects in this regard, a high-profile delegation from Hemas, led by Kasturi Chellaraija Wils

Sri Lanka’s tea sector yesterday joined the bandwagon in welcoming the decision made by the government to defer the SVAT removal. In a statement to the media yesterday, the Tea Exporters Association (TEA) was relieved over the government decision t

In the digital age, creativity has found a new canvas on TikTok, the global shortform video platform that has captured the world’s imagination. However, with the surge in creativity comes the need for guidelines that ensure a safe, inclusive,

Sri Lanka has welcomed over 46,000 tourists in the first two weeks of September, the provisional data from the Sri Lanka Tourism Development Authority showed.

Sri Lanka will soon find the status of the progress made in its reform efforts, with the International Monetary Fund (IMF) all set to kick off the review process today.

The South Asia E-commerce Summit, a dynamic platform for industry leaders, innovators, and entrepreneurs, is set to bring together visionaries from the e-commerce and technology sectors. This summit, with a special focus on technology and innovation

Sysco LABS, the captive innovation center for Sysco, the world’s largest foodservice company, recently moved up 31 places in LMD’s ‘Most Respected Entities in Sri Lanka’ list for 2023. The technology corporate has risen to the 62nd spot in th