Sri Lanka’s merchandise exports plunged 16.5 percent year-on-year (YoY) to US $ 814.1 million in April, bringing the cumulative export earnings for the first four months of 2023 to US $ 3.81 billion, an decrease of 9.78 percent YoY, data from the E

Sri Lanka needs to step up efforts in enticing a larger proportion of its population across all provinces towards embracing entrepreneurship so that the impacts of the ongoing economic crisis would lessen, the Central Bank asserted.

In an effort to become more integrated in global trade, Sri Lanka will apply for membership to the Regional Comprehensive Economic Partnership (RCEP), President Ranil Wickremesinghe announced yesterday.

For the sixth time in its post-independent history, Sri Lanka has been able to record Rs.48 billion surplus in the primary balance of fiscal accounts during the first quarter of this year, State Minister of Finance Ranjith Siyambalapitiya revealed.

The leading blue-chip conglomerate, Aitken Spence PLC reported an impressive EBITDA (earnings inclusive of equity accounted investees, before interest expenses, tax, depreciation, and amortization) of Rs. 30.1 billion with a growth of 30.3 percent, s

Thaala Bentota, formerly known as Avani Bentota, unveiled its rebranding yesterday, marking a new era of excellence in Sri Lankan hospitality.

Senior banker Damith Pallewatte is set to take reins from Jonathan Alles as the Managing Director/CEO of Sri Lanka’s second largest private bank, Hatton National Bank PLC with effect from August 24, 2024.

The downward trajectory of Sri Lanka’s tea production is expected to reverse in 2Q23, tea brokers said.

Laugfs Holdings Limited, one of Sri Lanka’s largest diversified conglomerates with a portfolio of over 20 businesses spanning multiple industries, has recently appointed Agasthi Jayagoda as General Manager - Group Head of Strategy.

The tourist arrivals to Sri Lanka crossed the half a million mark this week, fulfilling 25 percent of the arrivals target set for 2023, official data released yesterday revealed.

Sri Lanka Insurance Corporation (SLIC) yet again recorded a stellar performance in the year 2022, to record a profit before taxation (PBT) of Rs.12.47 billion for the year 2022, with a combined gross written premium of Rs.41.2 billion.

Consumer goods juggernaut Hemas Holdings PLC saw its revenue for the quarter ended on March 31, 2023 (4Q23) surging, most likely amid price increases but the group’s earnings remained flat, as finance costs soared.

John Keells Holdings (JKH) revealed that negotiations with several leading international gaming operators are progressing smoothly to commence gaming operations at its flagship Cinnamon Life Integrated Resort.

Stock market watchdog Securities and Exchange Commission (SEC) has slapped a Rs.5 million administrative penalty on Access Engineering PLC, for delayed disclosure relating to a rating downgrade.

Sri Lanka’s hotel sector will finally receive some breathing space, with a decision being made to place it under the ‘industries’ category for electricity tariff.

Daraz Sri Lanka Managing Director Rakhil Fernando has been appointed as Chief Corporate Affairs Officer of Daraz Group, headquartered in Singapore, with effect from June 1, 2023.

People’s Bank has been given possession of a property mortgaged by Yashodha Holdings Private Limited in the Nuwara Eliya town, following a court order.

Sri Lanka’s tea plantations are being closely watched by some of the world’s leading manufacturers, after an investigation from The Guardian highlighted poor working conditions and payments of workers.

A consortium led by GE T&D India Limited (GE) and GE Digital Services Europe recently signed a contract with the Ceylon Electricity Board (CEB) to embark on a project for the establishment of SCADA supported Distribution Control Centre for the Wester

Chulendra De Silva, Co-Founder of InterBalance, was recently appointed to the Global Sustainability Standards Board (GSSB), the independent body responsible for setting the GRI Standards, the world’s most widely used sustainability reporting standa

The Global Steering Group for Impact Investment (GSG) has chosen Sri Lanka as a pioneer for impact investments. Starting May 3, 2023, the Sri Lankan National Advisory Board (NAB) for Impact Investments has been established to facilitate the inflow of

IronOne Technologies announced the appointment of Manori Unambuwe as Vice President of Strategy and International Markets.

The Office of the Governor - Northern Province, International Labour Organization (ILO) and Ernst & Young (EY), collaborated to organize stakeholder meetings on generating investment-driven growth in the Northern Province.

Sri Lankan Opposition MP Harsha de Silva highlighted the critical considerations surrounding domestic debt optimisation and its impact on Employees Provident Fund (EPF) members.

The International Monetary Fund (IMF) yesterday said Sri Lanka’s overall macroeconomic and policy environment still remains challenging despite signs of improvement seen with regard to inflation....

Premier blue chip John Keells Holdings PLC (JKH) reported subdued financial results for the quarter ended March 31, 2023 (4Q23) as the challenging macroeconomic environment and the significant drop...

Efforts are underway to form a Cyber Security Authority this year, the Ministry of Technology announced yesterday. State Minister Kanaka....

The United Kingdom will not, after all, be the worst-performing rich economy this year, the International Monetary Fund (IMF) said yesterday, announcing a major revision to its previous gloomy forecast. The Washington....

WhatsApp says it will allow users to edit messages, in a move that will see it match a feature offered by competitors like Telegram and Discord. The firm says....

Homegrown Sri Lankan brand Cargills marked another milestone recently, with the inauguration of the Cargills Square mall in Katubedda. The four-story shopping....