The declining trend in apparel exports from Sri Lanka amid demand slowdown in key markets extended to the month of May, as earnings from such exports fell 14.17 percent year-on-year (YoY) to US$ 383.17 million.

Sri Lanka expects to finalise the debt restructuring talks after September this year, according to President Ranil Wickremesinghe, who said the primary focus would be on rolling out long-delayed structural reforms to return to the growth trajectory i

The Colombo Stock Exchange (CSE) will conduct a planned full day of trading from the Disaster Recovery site using Automated Trading System Disaster Recovery Solution today.

Abans PLC yesterday announced the appointment of Rusi Pestonjee as the Managing Director of the company with effect from June 21, 2023.

The Free Trade Zone Manufactures’ Association (FTZMA) yesterday expressed its concerns regarding the government’s decision to abolish the paperless Simplified Value Added Tax (SVAT) scheme.

CNN: Cultivated meat, also known as lab-grown meat, has been cleared for sale in the United States.

DP Aviation is set to commence domestic services with the operation of flights to Jaffna from July 1.

The CCC-ICLP International ADR Centre (Guarantee) Limited, a joint venture initiative of the Ceylon Chamber of Commerce (CCC) and the Institute for the Development of Commercial Law and Practice (ICLP) opened its ADR Centre at the World Trade Centre,

For the first time in history, two of the world’s leading travel & tourism organisations representing the global public and private sectors have agreed to work together across a number of key objectives.

As the Sri Lankan economy is under financial stress at present and has entered into a programme with the International Monetary Fund (IMF), it is necessary to take stock of the measures that have to be taken to unlock the potential of foreign income

PGP Glass Ceylon PLC, the sole manufacturer of glass bottles for food and beverages in Sri Lanka and Heineken Lanka Limited, a wholly-owned subsidiary of Heineken N.V., recently launched the 625ml reusable bottle, incorporating screen printing techno

LankaPay, the national payment network of Sri Lanka, has embarked on a new strategic vision, aimed at reinforcing its position within the region and enhancing its contribution to the island nation.

The global digital economy is poised for significant growth and transformation in the coming years. With technology advancements and increasing connectivity, the digital economy has become a vital driver of global economic activity

A leader in Sri Lanka’s agritech field, Agrithmics (Pvt.) Ltd has rebranded its global corporate identity as Cultive8 Technologies, to facilitate its long-term expansion strategy that will see it go beyond Sri Lanka, into South Asia and South East

A new high-performance premium commercial vehicle tyre has begun rolling off the production line at CEAT Kelani Holdings, Sri Lanka’s largest manufacturer of pneumatic tyres.

Sri Lanka’s country-wide consumer prices, measured by the National Consumer Price Index (NCPI), fell sharply to 22.1 percent in the 12 months to May 2023, easing from 33.6 percent in the period through April, the data released by the Census and Sta

Expolanka Holdings PLC’s fully-owned subsidiary Oki Doki, which is known for its digital transportation solutions, has expanded its footprint with the launch of its operations in Jakarta, Indonesia, early this month. The event witnesse

Sri Lanka Tourism welcomed the inaugural flight Air Seychelles from the Seychelles to Colombo yesterday, carrying 110 passengers. This fl

Ceylinco Life has distributed more than Rs.6 billion in annual bonuses, including a one-time special bonus to commemorate the company’s 35th anniversary, to 197,131 loyal policyholders. An increase of Rs.1.7 billion or a whopping 37.27 percent or o

Norfolk Foods (Pvt.) Ltd, a pioneer in the manufacture of specialised frozen foods in Sri Lanka, has firmly established its presence in India through a joint venture (JV) with Thailand’s agro-industri

BBC: Tesla CEO Elon Musk has said the electric carmaker will be in India “as soon as humanly possible”. His comments followed a meeting with Indian Prime Minister Narendra Modi, who is on a state visit to the US. The Indian

SriLankan Airlines yesterday said the flight UL 470 to Seoul was delayed due to one cockpit crew member, who was scheduled for this flight, falling sick. The flight, which was scheduled to depart at 20:20 on June 20, was delayed overnight. “Unfortu

REUTERS: Infant mortality rises and life expectancy falls when sovereign debt defaults are not quickly resolved, a study said yesterday, as negotiations to restructure the debts of countries including Zambia, Sri Lanka and Ghana drag on. In countries

Five selected MOH divisions in Monaragala and Nuwara Eliya will receive fresh attention to help tackle malnutrition, with the Food and Agriculture Organisation of the United Nations (FAO) gearing up to

The US$ 500 million plus ITC development, comprising the Sapphire Residences and super luxury hotel ITC Ratnadipa, occupies pride of place at the centre of Colombo’s most prestigious ocean front location. Overlooking the Galle Face and the Indian O

Ceylon Energy, a strategic alliance of St Theresa Industries, recently announced its exclusive partnership with Hubbell Power Systems Inc., a global leader in cutting-edge technology solutions, to introduce Helical Anchors, a revolutionary technology

Following the growing interest from investors in their esteemed projects, Sunrise Ridge and Peacock Valley at Victoria Golf Resort, John Keells Properties is excited to announce the launch of their newest project, Ridgeview. Offering 18 premium land

Working to revive and revitalise the real estate industry, HNB PLC, renewed its long standing partnership with the market leader Prime Group to offer prospective home owners with low interest rates and exclusive benefits.

Trans Asia Cellular (Pvt) Ltd. -Sri Lanka’s top mobile phone accessories and telecommunications parts provider-has opened its first international retail store in Dubai, UAE, heralding the first steps for the brand’s global expansion plans.

99x commenced operations at its technology centre in Malaysia, as part of its global expansion strategy. The technology centre was recently recognized with the Malaysia Digital status by the Malaysia Digital Economy Corporation (MDEC) as a contributo