President Ranil Wickremesinghe yesterday said foreign creditors are expected contribute US$ 17 billion towards the country’s debt restructuring....

Nuseir Yassin, an Arab-Israeli vlogger who creates content under the ‘Nas Daily’ banner, is expected to create three videos to promote...

The Cabinet nod has been granted to enter into an agreement with the World Bank (WB) to borrow US$ 500 million in budgetary support ....

The Cabinet nod has been granted to draft a fresh combined law on insolvency replacing outdated and scattered insolvency laws currently...

The Ceylon Chamber of Commerce yesterday highlighted the importance of patience and trust in the ongoing domestic debt restructuring...

The government has decided to proceed with Thailand-based Sutech Engineering’s US$ 400 million sugar development project....

The government has decided to establish a separate authority named Gambling Regularisation Authority to regulate the country’s gaming....

The Cabinet has cleared the path for United Arab Emirates (UAE)-based Capital Investment LLC to invest US$ 25 million to build a hotel complex....

The Chamber of Young Lankan Entrepreneurs (COYLE) held a crucial meeting at the Labour Department with Labour Minister Manusha....

BCS The Chartered Institute for IT Sri Lanka Section (BCSSL) elected its new leadership for the year 2023/2024, at the Annual General Meeting...

Lak Arcade Ltd and CHEC Port City Colombo Ltd this week announced that they have signed an agreement to operate a novelty....

Sri Lanka is all set to get its name out to the world with an improved value proposition, as plans are afoot to kick off the long-awaited global promotional campaign in July.

Tourist arrivals to Sri Lanka crossed the 600,000 mark this week, data from the Sri Lanka Tourism Development Authority showed.

Sri Lanka’s pharmaceutical industry is upbeat on finalising a new pricing mechanism within the next three to four months, with the new leadership of the pricing committee established under the National Medicines Regulatory Authority (NMRA).

Sri Lanka’s pharmaceutical firms are becoming less enthusiastic to participate in government tenders, due to the financial strain from outstanding payments running into billions of rupees and unfavourable tender clauses.

China Harbour Engineering Company (CHEC) affirmed further commitment to Sri Lank, with its president assuring the company would pump in more investments into the country.

Sri Lanka’s pharmaceutical industry is upbeat on finalising a new price mechanism within the next three to four months, with the new leadership of the pricing committee established under the National Medicines Regulatory Authority (NMRA).

Mahinda Saranapala has been promoted to the position of Managing Director at Kelani Cables PLC, with effect from June 22, 2023. He was CEO/Executive Director from April 2011 and was appointed to the board in December 2013.

BBC: Accounting firm EY has called off its plan to break up its auditing and consulting divisions. The firm, formally known as Ernst & Young, announced it was “stopping work on the project” because its US arm decided to not to move forward.

AFP: Companies around the world will soon have a uniform set of standards on sustainability issues after the body governing international accounting rules published yesterday its first guidelines on reporting greenhouse gas emissions.

The fifth round of the Sri Lanka-Thailand Free Trade Agreement (SLTFTA) negotiations commenced in Colombo yesterday, the President’s Media Division said in a statement.

Tourist arrivals to Sri Lanka totalled 61,183 in the first 20 days of June, provisional data from the Sri Lanka Tourism Development Authority showed. As the tourism....

National carrier SriLankan Airlines yesterday stated that since early 2021, up until now, 57 pilots have resigned from the airline, which includes some early retirements, and “a few more exits can be...

Prime Minister Dinesh Gunawardena has emphasised that if mistakes and shortcomings have occurred in the selection of beneficiaries for the ‘Aswesuma’ programme, they will be rectified without fail....

CT CLSA became the latest to join the bandwagon offering an upbeat outlook for the Sri Lankan economy from the second half of the year buoyed by the recent rate cut by the Central Bank and the faster....

Top shipping and logistics veteran Rohan Masakorala has highlighted the need to implement reforms that align with evolving industrial practices, at a recent discussion forum on the topic “Does Sri Lanka Have a Future...

Strategic leadership, financial and management specialist Chandana de Silva has been appointed Chairman of Asia Siyaka Commodities PLC, the second largest tea broker in Sri Lanka holding 15 percent...

DSI Tyres has introduced locally produced tyres for electric bicycles (E-Bikes) to the Sri Lankan market space for the first time. They can now be purchased from all tyre outlets and through....

The EDB Boat and Shipbuilding Advisory Committee recently emphasised the importance of developing a strategy for the nautical tourism industry in Sri Lanka, as the country has a massive potential....