Sri Lanka’s duopoly cooking gas market’s only private sector player Laugfs Gas said it chose to implement a more moderate increase in gas cylinder prices, despite the global LP gas prices rising 20 percent in the past three months. Laugfs Gas sai

The escalating trend of rising cancer rates in Sri Lanka underscores the critical importance of proactive measures.

Sri Lanka is seeking foreign investors to implement an electric bus pilot project in Colombo. Transport, Highways and Mass Media Minister Dr. Bandula Gunawardana yesterday said the project, which has received the Cabinet nod, “will be implemented a

President Ranil Wickremesinghe has expressed his gratitude for Japan’s leadership role in Sri Lanka’s external debt restructuring effort. During an interview with Japan’s NHK, Wickremesinghe voiced his confidence in Japan’s role as a co-chair

The Hambantota International Port (HIP), in a bid to expand its marine services, has deployed two additional boats to its existing fleet that’s available for hire by local service providers engaged in offering crew changes, bunker and draft surveyi

Central Bank Governor Dr. Nandalal Weerasinghe has been rated ‘A-’ by the Global Finance Magazine. The Global Finances Report Cards 2023 ranked....

Lanka Mineral Sands (LMS) will ship its largest-ever consignment of mineral sands by value this week, signaling the advent of a new chapter of operations. The cargo of concentrate....

Colombo-based independent policy think tank Advocata Institute has expressed concerns over the recent proposal by Sri Lankan authorities to impose minimum room rates (MRR) on hotels in the city....

Mohamed Al Fayed, the former Harrods boss whose son Dodi was killed in a car crash alongside Diana, Princess of Wales, has died aged 94. Born in Egypt, he built a business....

It appears that the US government is considering to intervene in a lawsuit filed by Hamilton Reserve Bank againt Sri Lanka over a defaulted 2022 sovereign bond. According to Financial....

Sri Lanka’s second largest private lender by assets, Hatton National Bank PLC (HNB) is gearing to raise up to Rs.12 billion through a Basel III-compliant listed debenture issue. A resolution in this regard....

The government has implemented a pledge loan scheme under a concessional interest rate for small and medium scale (SME) paddy millers to purchase paddy for the 2023 Yala season. The scheme, which....

Fitch Ratings has assigned National Development Bank PLC’s (NDB) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to Rs.10 billion an expected National Long-Term....

The leading Chinese shipping company, Far Shipping, has reached an agreement to offer employment opportunities to trained seafarers from Sri Lanka. This significant development was confirmed....

DP Logistics (Private) Limited (DPL), an integral member of David Pieris Group of Companies, commemorated its remarkable 20-year journey in the logistics sector. Established in 2003....

InterGlobe Freight solutions (Pvt.) Ltd, a leading freight and logistics company, at the recently concluded SLIM SME Development Awards, which was held on August 14, 2023, won the Silver award in the service....

The Ceylon Chamber of Commerce and McLarens Maritime Academy (MMA) recently announced the extension of their memorandum of understanding (MOU), which aims to provide comprehensive....

‘Restart Sri Lanka’, a three-day virtual conference powered by CAL, will take place from September 5-7, 2023, to engage participants in an open dialogue on unlocking investment opportunities....

The Sri Lanka and Australia Chamber of Commerce is set to unveil an unprecedented initiative that promises to further strengthen the long-standing friendship between Sri Lanka and Australia. Accordingly....

A significant stride towards revitalising Sri Lanka’s gem and jewellery industry was taken as the Sri Lanka Gem and Jewellery Association (SLGJA) and Faculty of Engineering at the University of Sri Jayewardenepura....

The Securities and Exchange Commission of Sri Lanka (SEC) and Colombo Stock Exchange (CSE) successfully conducted another investor forum in Negombo, at Jetwing Blue, on August 12, 2023. The forum....

SMEs have been an indomitable cornerstone of our nation’s economy. They make up 75% of all enterprises in Sri Lanka, in addition to generating 20% of all exports, 45% of employment and 52%....

The Monetary Board has decided to cancel the licence issued to Bimputh Finance PLC (BFP), under the Finance Business Act (FBA) to carry on finance business, with effect from September 1, 2023. Accordingly, BFP is not allowed to engage in finance bus

The Planters’ Association of Ceylon (PA) commended the government and trade union representatives for voicing preliminary support for long-overdue reforms to the archaic colonial-era daily attendance-based model in favour of a productivity-boosting

Educate Sri Lanka Expo 2023, which aimed at showcasing education opportunities for the children in the country and overseas, kicked off at the BMICH yesterday. The event brought students across all ages onto a single platform, providing firsthand in

Sail Lanka Charter has reached a historic milestone by introducing female crew members to serve on their fleet of catamarans, a first in Sri Lanka’s marine tourism landscape. The move signifies a major step towards promoting gender equality, empow

BMICH Director General Sunil Dissanayake retired from the services of the organisation on July 31, reaching retirement age. He was appointed as Director General in May 2015 and helped the BMICH reach great heights in management and operations. The or

Global Times: An executive at China Merchants Port Holdings (CMPort) told the Global Times on Wednesday that the company is optimistic about the new port complex project at Sri Lanka’s Colombo Port. Construction of the logistics hub, which will hav

The terms of trade deteriorated by 0.4 percent in July 2023, compared to July 2022, as the decline in the prices of exports surpassed the decline in the prices of imports. Meanwhile, the workers’ remittances increased notably to US $ 541 million i

Debt and lack of education and ability to adapt to disasters are factors that make most people feel vulnerable, says a new report released by the United Nations Development Programme (UNDP) and University of Oxford’s Poverty and Human Development I