The answer in my view, is both-yes and no. This is because, due to strict monetary and fiscal policies adopted since April 2022, the inflationary tendencies are now somewhat controlled, but real economic activities and the GDP growth are decreasing.

Agalawatte Plantations PLC (APL) has reported impressive revenue and profit growth in the first quarter of 2023, consolidating on the remarkable turnaround achieved subsequent to the acquisition of a majority stake in the company by the Damro Group.

Sri Lanka’s largest marketing communications group, The MullenLowe Group (MLG) is launching LoweMedia today.

The ATG Group of Companies, one of the distinguished glove manufacturing companies in the world, has been awarded the ISO 14064-1:2018, the ISO-accredited GHG Carbon Footprint Verification.

Forrester, a globally renowned research and advisory firm, awarded Dialog Axiata PLC with the Customer-obsessed Enterprise Award for the Asia Pacific Region, recognising its dedication to customer-centricity for business growth, customer retention, a

Informatics International Limited (IIL) yesterday announced the appointment of Shiraz Lye as the organization’s Chief Executive Officer (CEO). This strategic move will bolster IIL’s leadership team, augmenting its capabilities to expedite growth

Nature’s Beauty Creations Ltd., manufacturer of Nature’s Secrets, Panda Baby, Misumi and Champion personal care brands, was recently honoured with the highest Environment Award – Gold, under the personal care and pharmaceutical category, at the

State Minister of Finance Shehan Semasinghe welcomed Asian Development Bank’s approval of US$ 350 million loan to Sri Lanka for the stabilisation of the economy.

Analysts are placing equal bets between the Central Bank maintaining the current policy rates and cutting rates at the monetary policy review announcement scheduled for tomorrow.

People’s Bank reported total consolidated operating income and pre-tax profit amounting to Rs.24.0 billion and Rs.7.2 billion, respectively for the quarter ended March 31, 2023 (1Q23) compared to Rs.42.6 billion and Rs.11 billion in the correspondi

The 45th Asian Summit on Remote Sensing, the premier international forum on sensing technologies for environmental monitoring, is to be held in Colombo next year.

Sri Lanka will prioritise in importing essential medicines from the remainder of the US$ 1 billion credit line from India, which extended by a year up to March 2024.

Prabath J. Malavige, a senior port management and logistics professional has been promoted to the position of Managing Director at the Sri Lanka Ports Authority.

Sri Lanka’s Palm Oil Industry Association (POIA) and the Asian Palm Oil Alliance (APOA) yesterday called on the government to reconsider the ban on oil palm cultivation and allow its expansion so that the island nation can reap the economic benefit

Havelock City Mall, the newest and most vibrant retail destination in Sri Lanka, is set to open its doors in August 2023.

Home Lands Skyline, known for its groundbreaking solutions provided to the real estate arena of Sri Lanka, yet again has embarked on a next generation resort apartment project, Greendale Resort Apartments, in between Malabe and Athurugiriya.

Build SL Housing and Construction International Expo 2023, the annual exhibition showcasing products and services in the housing and construction sector, held for the 18th consecutive occasion, inaugurated by the Japanese Ambassador in Sri Lanka Kota

The credit card holders of Commercial Bank of Ceylon can now automate paying their monthly bills of Sri Lanka Telecom (SLT) and Lanka Electricity Company (LECO) and enjoy uninterrupted services, following the addition of these two utility companies t

Three Sinha Group of Companies, a leading player in Sri Lanka’s construction sector, has been awarded the Gold award for Best Inquiries Management System, at INCO Premiere Industrial Exhibition 2023.

The outstanding performers from amongst its industry-best employee base shone under the spotlight of Pan Asia Bank’s Annual Retail Awards held recently at Courtyard by Marriott Colombo.

HNB Assurance (HNBA) and HNB General Insurance (HNBGI) recently held a workshop partnering Ravi Abeysuriya, CFA to present and distribute his latest book ‘Financial Literacy - to achieve your financial wellbeing’.

Sri Lanka’s Coast Conservation and Coastal Resource Management Department has cleared a proposal to build water villas in 16 islets off Kalpitiya in the North Western coast.

On the sidelines of the visit of President Ranil Wickremesinghe at the roundtable meeting ‘Sri Lanka’s Economic Revival and Opportunities for Japanese Enterprise’, a delegation from Japan is due to arrive in the island nation in the fourth quar

Food security in Sri Lanka is improving across all provinces but is still prevalent within specific regions, the Crop and Food Security Assessment Mission (CFSAM) report revealed.

The transportation and logistics arm of Hayleys Group, Advantis, announced a groundbreaking partnership with India’s top cruise line, Cordelia Cruises, to usher in a new wave of inbound luxury tourists....

Indices closed in red as a result of price losses in counters such as Commercial Bank, Sampath Bank and Hatton National Bank with the turnover crossing Rs 518 Mn. High net worth and institutional investor....

First Capital Holdings PLC (the group), a member of the Janashakthi group, announced its impressive financial results and a remarkable turnaround from the previous year, marking the year ended on March....

Sampath Bank has formally announced the appointment of Ayodhya Iddawela Perera as the new Managing Director of Sampath Bank PLC, with effect from July 1, 2023. Perera’s appointment....

The Board of Investment (BOI) plans to conduct future industrial and residential zonal developments on a public-private partnership (PPP) basis, moving away from capital expenditures....

Sri Lanka’s Northern province has always been at the top of the agenda for most policy reform initiatives but the region still lacks an enabling business environment, the International Labour Organisation...