CNN: Oil powers Saudi Arabia and the United Arab Emirates have been invited to become members of the BRICS group of developing nations in its first expansion in over a decade. Also joining next year will be Iran, Egypt, Ethiopia and Argentina, South

India is expected to halt its sugar exports in the next season, beginning in October, a decision with potential ramifications for both local and international economies. According to sources, this decision comes after a lack of rain has severe

Peoples Bank, which is known for its innovative digital banking solutions, has embarked on a mission to transform the way the government manages payments. By leve

Urban Development and Housing Minister Prasanna Ranatunga has instructed authorities to resume 24 projects that were put on hold due to the Covid-19 pandemic and economic crisis. The Urban Develop

The Board of Investment (BOI) has launched a Virtual Help Desk at the World Trade Centre as part of their digital transformation strategy to digitise key customer touch points. The BOI is also moving towards digitising the application process to cut

Urban Development and Housing Minister Prasanna Ranatunga has instructed authorities to resume 24 projects that were put on hold due to the Covid-19 pandemic and economic crisis.

The Industrial Development Board’s (IDB) National Food and Beverage Conference that will be held tomorrow (August 25), will feature an eminent lineup of speakers to help reshape the Sri Lankan Food and Beverage (F&B) industry and grow its export po

The Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) has appointed Dipped Products PLC (DPL) Managing Director Pushpika Janadheera, as its new Chairman. Janadheera comes with a wealth of in-depth industry experience

Plasticcycle, the social entrepreneurship project of the John Keells Group recently launched one of its main projects for the year, ‘Start-Up-Cycle’, a challenge platform launched in collaboration with John Keells X (JKX) - the Group’s startup

Sri Lanka has a rich history of mining and exporting graphite, which thrived during the World Wars, hitting 35,000 metric tons in annual exports. The vein graphite produced by Sri Lanka stands out for its remarkable purity, flawless crystal structur

Lyca Productions this week launched its Sri Lankan operations by announcing six movies directed by six Sri Lankan directors, marking a significant milestone in Sri Lanka’s entertainment industry. Lyca Productions is an Indian entertainment company,

BBC: The UK trade talks with India are reaching their “final but trickier” stages, according to government sources. Trade Secretary Kemi Badenoch is visiting India for a meeting of G20 trade ministers this week. There has been speculation about w

REUTERS: Xiaomi Corp has won the approval of China’s state planner to manufacture electric vehicles (EVs), said two people with knowledge of the matter, marking a major step towards the smartphone maker’s goal of producing cars by early next year

The Treasury bill yields edged up at yesterday’s auction from last week and the authorities raised little under Rs.125 billion, after offering Rs.130 billion in bills. The three-month bill yield rose 42 basis points to Rs.17.97 percent and the Publ

‘SPARK’, a national competition for Sri Lanka’s next generation of entrepreneurs, celebrated the grand finale on August 21, coinciding with the World Entrepreneurship Day. The much-awaited event saw the country’s most promising innovators, pr

Insurance Regulatory Commission of Sri Lanka (IRCSL) yesterday said it had informed insurance companies not to ask for ‘No-objection’ letters from financiers to pay insurance claims on vehicles that are under hire purchase or lease agreements.

The Blue Circle CEO/Co-founder Olivier Duguet yesterday said Sri Lanka’s potential to generate power via off-shore wind remains very high.

The Ceylon Motor Traders Association (CMTA) yesterday expressed reservations about the decision taken to relax import restrictions on commercial vehicles and buses as the new policy allows the import of buses up to 10 years old, as opposed to the pre

Central Bank has introduced the Financial Consumer Protection Regulations, No. 01 of 2023, under Section 10 (c) of the Monetary Law Act, No.58 of 1949 to enhance the existing financial consumer protection frameworks.

Land Valuation Indicator (LVI) for the Colombo District recorded 215.3 during the first half of 2023 with a year-on-year increase of 15.2 percent....

Sri Lanka has established a Safe Migration Promotion Unit (SMPU) at the Bandaranaike International Airport (BIA) in Katunayake to combat human trafficking, a statement from Labour and Foreign....

Central Bank has introduced the Financial Consumer Protection Regulations, No. 01 of 2023, under Section 10 (c) of the Monetary Law Act, No.58 of 1949 to enhance the existing financial consumer protection....

S&P Global Ratings downgraded five regional US banks by one notch and signaled a negative outlook for several others on Monday. The ratings agency...

Indices closed in red as a result of price losses in counters such as Commercial Bank, Hatton National Bank and John Keells Holdings with the turnover crossing Rs. 2.9 bn. High net worth....

LOLC Holdings PLC has once again emerged as a beacon of corporate success, securing its place among Sri Lanka’s Most Admired Companies for the third consecutive year. This prestigious....

Alumex PLC, a subsidiary of Hayleys and a trailblazing aluminium manufacturer in Sri Lanka, has inked a memorandum of understanding (MoU) with the Department of Technical Education and Training (DTET)....

Multilac 3 in 1 Waterproofing Paint, manufactured by Macksons Paints Lanka (Pvt.) Limited, has been honoured with the Gold award at the Ceylon Institute of Builders (CIOB) Green Award for Products....

FINEZ Furniture & Interior (Pvt.) Ltd that stands as a distinguished provider of opulent home furnishings, decorative products and interior solutions in Sri Lanka, recently achieved a remarkable feat...

Deakin University, Australia, in collaboration with CICRA Campus, recently orchestrated a captivating and thought-provoking event as part of Deakin Week Sri Lanka 2023. The event...

ASUS Sri Lanka, the local operations of the Taiwanese tech giant ASUS, has announced the exciting new Zenbook S 13 OLED (UX5304), the world’s slimmest 13.3-inch OLED laptop, with a sleek 1cm profile...