The Cabinet nod has been granted to enter into an agreement with the European Union (EU) to secure euro 15 million grant to implement a project aimed at promoting the circular economy in the food...

The ASPI closed in green as a result of price gains in counters such as Commercial Bank, Hatton National Bank and Ceylinco Insurance with the turnover crossing Rs. 3.1 bn. Similar behavior...

The country became insolvent after the government of President GR granted massive tax concessions, Leader of Opposition SP was quoted as saying in Parliament on July 6, when the Speaker announced...

Debt restructuring is fundamentally about allocating the associated economic costs to someone. The onus is typically on the debtor country to secure participation from its creditors, applying comparable treatment....

As tourism activity is picking up after several challenges faced since 2019, Sri Lanka is witnessing an improved pace of tourist arrivals, and it is very likely to cross the 700,000 mark today. The provisional data released by the Sri Lanka Tourism D

With the foreign currency condition in the domestic market seeing a gradual improvement, the Central Bank (CB) appears to have taken a further conciliatory approach for imports, as it has recommended relaxing another batch of 900 goods but without ve

HNB Assurance and HNB General Insurance unveiled their redesigned websites, marking a significant step in their digitization journey. With a refreshed look and enhanced features, the HNB Assurance Group is confident that the new website will assist

Sri Lanka Insurance opened its Wattegama Agency Business Development Centre (ABDC) on July 14th. The occasion was graced by Lalith De Silva Head of Distribution – General Insurance, Jagath Welgama - Assistant General Manager/Head of National Sales

People’s Bank’s ‘People’s Remittance Vaasi Kotiyai 2023’ draw to select the millionaire winner for the month of May took place at the People’s Bank, Overseas Customer Services premises at Colombo 10 recently.

Boshan Dayaratne has been appointed to the board of Regional Development Bank (RDB) as a Non-Executive Director. Dayaratne has over 30 years of experience in senior management in various industries such as sports, garments, diversified business congl

LOLC Group’s Insurance arm concluded the FY 2022 on a high note, recording its best -ever performance to-date. Consolidated Gross Written Premium (GWP) of LOLC General Insurance (motor and non-motor) for the year ended 31st December 2022 stood at R

Production and New Orders declined, mainly driven by the manufacture of textile and apparel sector. As mentioned by many respondents, continued subdued global demand was the major reason for this decline. However, some improvement in New Orders and P

BBC: Twitter has lost almost half of its advertising revenue since it was bought by Elon Musk for US $ 44 billion (£33.6 billion) last October, its owner has revealed. He said the company had not seen the increase in sales that had been expected in

The Ceylon Chamber of Commerce (CCC), Sri Lanka’s premier business chamber, yesterday expressed concerns about the recent development in the country’s healthcare sector, particularly regarding the quality of pharmaceutical products procured for t

Undervalued stocks on the back of a recovering economy, backed by critical reforms, present investors with a rare investment opportunity to come into the market, according to Colombo Stock Exchange (CSE) Chairman Dilshan Wirasekara. “Last 18 months

The Batticaloa branch of the Colombo Stock Exchange (CSE) was opened by CSE Chairman Dilshan Wirasekara yesterday, with the participation of investors, stockbroker firm representatives, CSE CEO Rajeeva Bandaranaike, CRO Renuke Wijayawardhane, senior

KPMG Sri Lanka, a member firm of the KPMG network of independent member firms, has appointed Duminda Rathnadiwakara as a Partner of the firm, with effect from July 1, 2023. Rathnadiwakara was appointed as a resident partner of KPMG Maldives in 2018 a

The Sri Lanka Tourism Promotion Bureau (SLTPB), in collaboration with Airport and Aviation Services, organised a special ceremony to celebrate 100,000 tourist arrivals from the Russian Federation through direct flights. This was held at Bandaranaike

Sri Lanka’s first half tax revenue in 2023 has spiked by as much as 93 percent from the same period last year, in response to the sharp increases in the tax rates and introduction of new taxes as part of the revenue-based fiscal consolidation progr

Sri Lanka’s tea exports for the first half of 2023 (1H23) have declined by 10 percent compared to the corresponding period in 2022. The Customs data analysed by Siyaka Research showed that tea exports for the period January-June 2023 dropped to 1

With borrowing costs easing, inflation cooling and foreign exchange inflows coming again into play, the Central Bank expects...

The official unemployment rate had fallen in the first quarter while the participation rate improved slightly in a sign of slight recovery....

The Hambantota International Port (HIP) has responded to the increase in cruise tourism by establishing a dedicated berth for passenger....

Kicking off the second quarter earnings season, Tal Lanka Hotels PLC, the owners and operators of Taj Samudra Colombo reported higher top...

International Chamber of Commerce Sri Lanka (ICC Sri Lanka) is set to host its third annual Arbitration Conference on August 3rd, at the Galadari Hotel...

Amana Bank PLC has resolved to raise Rs.6.67 billion via a rights issue to beef up its capital buffers. The bank said it plans....

The Ceylon Chamber of Commerce and the International Labour Organization (ILO) said they received an overwhelming response...

The National Chamber of Exporters (NCE) will conduct its 31st Export Awards ceremony on December 08, 2023, at Shangri-La....

Friends Adult Diapers, marketed in Sri Lanka by Darley Butler & Company, continues to contribute towards enhancing the comfort....

Attorney Rajeev Amarasuriya joined the plenary session on ‘Managing Debt and Looking at Alternatives in Development Finance’, at the third....