The Federal Reserve voted unanimously to raise interest rates by a quarter point Wednesday, the tenth rate hike since the central bank started its battle against inflation last March.

Cargills (Ceylon) PLC is marking a new milestone in its journey by opening Lanka IOC fuel stations at its Cargills retail outlets.

The World Bank’s board of governors on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, ushering in an Indian-born finance and development expert to revamp the lender to tackle climate change and other global cri

The government is seeking US $ 53 million from the Asian Development Bank (ADB) to minimise the disruptions to the public due to the stalled road development projects, after the country defaulted on its external debt.

Nestlé Lanka PLC yesterday announced its plans to delist its shares from the Colombo Stock Exchange (CSE).

In a bid to strengthen the bank resolution framework on a priority basis, the Cabinet nod has been granted to table the draft Banks (Special Provisions) Bill in Parliament for approval.

Emirates has pledged its renewed support to promoting tourism in Sri Lanka through a memorandum of understanding (MoU) signed with the Sri Lanka Tourism Promotion Bureau.

The government plans to introduce a special incentive package soon, to attract large-scale foreign direct investments (FDI) into the country.

Investment Promotion State Minister Dilum Amunugama said that a committee of experts has been appointed to introduce a stable investment policy and a unified investment law, making Sri Lanka the easiest and most attractive country in the Asian region

Indian conglomerate Tata Sons is again being touted in media reports as a possible investor in SriLankan Airlines (UL, Colombo International).

The Cabinet nod has been granted to update Consumer Affairs Authority Act No. 9 of 2003, after 20 years, with the aim of establishing a fair market system by further strengthening the legal provisions.

President Ranil Wickremesinghe has appointed three new members to the Finance Commission, on the recommendation of the Constitutional Council.

With India looking very positively at becoming a manufacturing hub for electric vehicles (EV), joint venture partners are looking very closely at Hambantota International Port (HIP) as the key transshipment point for their markets in the East and Wes

Norwegian company Misje Eco Bulk AS collected its 2nd vessel ‘Misje Verde’ of the series of 5000DWT Eco Bulk Carriers as Colombo Dockyard PLC (CDPLC) ceremonially delivered the vessel on 21st of April 2023 at the Guide Pier of the CDPLC premises.

The Unifeeder Group recently integrated their business units in Sri Lanka and formed Unifeeder Lanka (Pvt) Ltd to handle their local activities.

Sri Lanka’s ecological disaster related to the MV X-Press Pearl, a container ship carrying hazardous chemicals that caught fire off its coast on 20th May 2021, i

The Cabinet green light has been granted to increase the Treasury bill ceiling to Rs.6 trillion, from the current Rs.5 trillion maximum limit.

Net interest income fell at Pan Asia Banking Corporation PLC in the three months ended March 2023 as the margins were hurt by the rise in cost of its deposits which outstripped the rise in the lending rates and also the yields of government securitie

Sri Lanka welcomed a total of 105,498 tourists for the month of April, making it the fourth consecutive month to record over 100, 000 arrivals, provisional data from the Sri Lanka Tourism Development Authority (SLTDA) showed.

CNN: HSBC announced it had tripled its quarterly profit yesterday, blowing past expectations as it benefited from high interest rates around the world.

The Public Utilities Commission of Sri Lanka (PUCSL) Chairman Janaka Ratnayake yesterday warned the public that the government may be preparing for another hike in electricity prices as CEB’s revenue has fallen below the set target due to decline i

Sampath Bank has handed over a cheque of Rs. 50 million to support the 1990 Suwa Seriya Foundation’s ‘Adopt an Ambulance’ project.

Seylan Bank PLC reported strong top line and bottom line growth for the first quarter of 2023 (1Q23), though credit growth turned negative as a result of the impact coming from the appreciation of the rupee.

Despite numerous challenges, Lanka IOC PLC (LIOC) continued with exemplary performance throughout the year with remarkable increase in revenue by nearly 213 percent year-on-year (YoY) to Rs.282 billion in FY 2022-23, largely due to high international

Sri Lanka is facing the worst economic crisis of unprecedented magnitudes while the world seems to be lurching from one crisis to another as we have experienced a global pandemic, economic crises, dramatic changes to how we conduct our daily lives, e

Samsung, Sri Lanka’s No. 1 smartphone brand, recently launched its photography competition titled ‘Rediscover Sri Lanka with Galaxy’, to great acclaim.

SriLankan Aviation College, the training arm of SriLankan Airlines, has etched a landmark partnership with the prestigious Embry-Riddle Aeronautical University, to bring highly coveted aviation programs to Sri Lanka and the region.

Feelo, a Sri Lankan start-up company that offers unique experiential packages, has announced its first investor partnership just four months into business.

BCD Meetings and Events India, one of the leading global Meetings, Incentives, Conferences and Exhibitions (MICE) operators, together with Aitken Spence Travels, the leading tourism company in Sri Lanka, recently hosted a group of 750 esteemed visito

The report titled ‘E-commerce: A Driver of Inclusive Growth in Sri Lanka?’ was presented to President Ranil Wickremesinghe...