“Once the economy and foreign reserves rebound to pre-crisis levels, we can then go ahead with lifting the ban on vehicle imports”- State Minister of Finance Shehan Semasinghe

As a final decision on domestic debt optimisation (DDO) is yet to be made, the government yesterday urged interested parties to refrain from making speculatory comments that undermine the stability of financial markets.

The common path followed by almost all IMF member countries in response to sovereign debt crises in recent decades, was to enter into an IMF supported stabilisation and structural adjustment programme. Sri Lanka has been a country that has

Amana Bank announced the expansion of its network across the island, now reaching a remarkable total of 55 physical locations.

Kantale in Sri Lanka’s Eastern Province has become the latest town to receive state-of-the-art banking facilities from the Commercial Bank of Ceylon.

Pan Asia Bank held a workshop recently for its SME customers on the topic of ‘Financial Management’ to enhance financial literacy through group-based assignments.

HNB PLC was once again was recognized as the undisputed leader in retail banking, when it was awarded the Best Retail Bank in Sri Lanka Award for the 13th consecutive occasion at the Asian Banker Global Excellence in Retail Financial Services Awards

Sri Lanka had met 29 of the 100 trackable commitments of the International Monetary Fund (IMF) programme and had failed on three....

Sri Lanka has unveiled a new passenger terminal at the Port of Kankesanthurai (KKS Port), Jaffna, at a cost of Rs.450 million....

With more roll-on-roll off (RoRo) ships calling at the Hambantota International Port (HIP), the port will be adding a further 5,000 slots....

Sri Lanka’s automotive component manufacturers are optimistic about growth following the Covid-19 pandemic and the economic crisis....

Ambeon Holdings PLC has entered into a share sale and purchase agreement with Ceyline Investments Ltd. to dispose the majority equity....

The Colombo Stock Exchange (CSE) last Friday announced three new inclusions to the S&P SL 20 index made by S&P Dow Jones....

In a groundbreaking move towards expanding its footprint regionally, LankaPay, the national payment network of Sri Lanka recently...

Entrepreneurs’ Organisation’s (EO) South Asia Leadership Conference (SALC) is all set to take place in Colombo on June 25, for the very first...

CIPM Sri Lanka has organised its flagship event, the National HR Conference (NHRC), South Asia’s largest and most inclusive HR conference....

Organised by the CFA Society Sri Lanka, the 10th annual CFA Capital Market Awards, scheduled for June 21, 2023, promises to be a standout....

The fourth Annual General Meeting (AGM) of the All Island Dairy Association (AIDA) was recently held on the Ceylon Chamber...

In the backdrop of the depreciating Sri Lankan rupee vis-à-vis the US dollar, the Colombo Tea Auction this week saw the rupee tea prices strengthened, following the improved widespread demand. Consequently, a lesser volume of teas remains unsold, th

CNN: Swedish consumers now have Beyoncé to blame for their bills, bills, bills.

Ride-sharing app Uber announced yesterday the launch of the popular membership programme Uber One in Sri Lanka.

Rashid Al Ardha appointed as Manager for Sri Lanka and Maldives; Chandana de Silva to assume new role as Manager Government Liaison – Sri Lanka and Maldives

CMTA Chairman Charaka Perera The Ceylon Motor Traders Association (CMTA) has come up with a proposal to resume vehicle imports, with a focus on benefiting the economy, meeting mobility needs of masses and ensuring government revenue.

Sri Lanka needs to make efforts to use the ongoing global economic slowdown as an opportunity to rethink its growth strategy, as its economy is highly vulnerable and remains at a disadvantage compared to many of its competitors and peers, asserted an

Turning a new page in passenger transport, David Pieris Motor Company (Private) Limited, Sri Lanka’s largest automotive company, yesterday launched E-drive, a model electric three-wheeler (tuk-tuk) taxi service for public transportation for the fir

Electronic media owner and businessman Rayynor Silva yesterday upped his stake in Sampath Bank, Sri Lanka’s third largest private bank in terms of assets, to over 7 percent, stock market sources said.

Ambeon Holdings PLC yesterday announced the divestment of Ceylon Leather Products.

The Purchasing Managers’ Index (PMI) for May showed mixed performance of manufacturing and services activities reflecting changing dynamics in the broader economy although it appears to be still in decline amid persistently elevated prices and inte

Global credit rating agency, Fitch Ratings has announced its decision to maintain People’s Bank’s National Rating of ‘A(lka)’ on Rating Watch Negative (RWN) this week.

Turning a new page in passenger transport, David Pieris Motor Company (Private) Limited, Sri Lanka’s largest automotive company, yesterday launched E-drive, a model electric three-wheeler (tuk-tuk) taxi service for public transportation for the fir