Tesla cut prices in the United States between 2 percent and nearly 6 percent, its website showed on Thursday, as the company extends a discount drive on its electric vehicles that analysts caution could hurt profitability.

In an exciting and highly positive development for Sri Lanka’s rebounding tourism industry, Hunas Holdings PLC – the company that owns the legendary, multigenerational favourite, Hunas Falls Hotel – has announced a landmark partnership with Azo

In an effort to promote sustainable tourism in Sri Lanka, the Sri Lanka Association of Inbound Tour Operators (SLAITO) and Travelife, an internationally recognised sustainability certification programme for the tourism industry, entered into a partne

Indicating a full recovery of outbound travel, visa applications from Sri Lanka is on course to reach pre-pandemic levels this year after reaching 68 percent of pre-pandemic levels in 2022 driven by pent-up demand, opening of international borders, a

Visa, a leader in digital payment technology, expressed confidence in the local tourism sector playing an active role in helping Sri Lanka’s economy revive, provided the proper digital payment infrastructure is in place.

The company teased the opening of its retail outlet in a brief statement Wednesday, saying it was preparing to greet customers in the financial and commercial hub of Mumbai. Its previous plan to open a store in the country in 2021 was derailed by the

With the new appointment, the Board of Sunshine Holdings will comprise of 12 directors, eight of whom are non-executive, independent directors.

Four hedge funds, holding around 48 percent of the GDP-linked securities issued between 2005 and 2010, sued the South American republic in 2019, seeking damages of up to 643 million euros.

Bond markets have already priced in rate cuts as early as the next policy meeting in June as yields fell sharply across government securities even before this week’s monetary policy meeting.

As the 1990 Suwa Seriya ambulance service has run into a Rs.1.5 billion shortfall in funds this year, a number of leading corporates have stepped up to fill the void by committing Rs.525 million up to now, to maintain the operations of the critical s

The Central Bank officials expressed confidence in wrapping up the negotiations with both its bilateral and commercial creditors well prior to the first review of the International Monetary Fund (IMF)-assisted programme, which would come up in six mo

Sri Lanka’s heightened fiscal, external and financial sector imbalances and its fluid political situation pose significant uncertainty for the country’s economic outlook, said the World Bank in its twice-a-year update, underscoring the need to ad

The John Keells group has signed an agreement to contribute Rs.100 million toward the Suwa Seriya Foundation for use in the operations of the Suwa Seriya ambulance service.

The Colombo Stock Exchange (CSE) will return to regular trading hours, with effect from April 10, 2023, the Securities and Exchange Commission (SEC) said.

Softlogic Life, Sri Lanka’s second largest life insurer in terms of market share, was decked up this week to catch the eyes of potential investors that will help improve the future prospects of the entity.

Pursuant to the enactment of Securities and Exchange Commission (SEC) of Sri Lanka Act No 19 of 2021 (new SEC Act), the stockbroker rules of the Colombo Stock Exchange (CSE) and Central Depository Systems (CDS) have been revised.

The crisis facing the US banking system “is not yet over”, the head of America’s biggest bank has warned.

Houston-based PROS Holdings Inc. has secured a US $ 3.24 million tender to provide computer software solutions for optimising the income generation in state-owned SriLankan Airlines.

In a statement, the Ceylon Chamber of Commerce yesterday welcomed the government’s move to liberalise the country’s petroleum sector and its resolve to address both economic and ethnic issues to achieve real progress.

Singer, a household name in the country’s consumer electronics and appliances industry, has announced the launch of the world-renowned ‘Honor’ brand in Sri Lanka.

Arpico Supermarkets are ready to delight their shoppers with amassive discount of

Richardson Outdoor (Pvt) Ltd recently announced the appointment of Anjolie Anne Balakrishnan as its new Chief Revenue Officer.

Sun Match Company, producer of the iconic brand, “Soorya,” has appointed respected Sri Lankan actress Yashodha Wimaladharma as its Brand Ambassador.

The Monetary Board of the Central Bank left the key policy rates unchanged at the current levels as financial conditions continue to ease since the government clinched the US$ 3 billion Extended Fund Facility (EFF) with the International Monetary Fun

The Cabinet nod has been granted to provide upto Rs.40, 000 as a financial subsidy for paddy farmers to procure fertilisers in the upcoming Yala season.

Sri Lanka Agripreneurs’ Forum (SLAF), as the leading agribusiness association in Sri Lanka, yesterday commended the President’s plan to plant 3 million jackfruit trees as a part of the government’s food security programme to create a local and

The SriLankan Airlines’ Cargo Team recently put heads together with an ensemble of international cargo sales agents to strategise for future growth and value creation.

Export Professional Dr. Kingsley Bernard assumed Chairmanship of the Sri Lanka Export Development Board (EDB) on 3rd April. He succeeds the outgoing Chairman Suresh D de Mel who ended his tenure last month.

China’s Yantai Dongfang Wisdom Electric Co. Ltd has been selected to roll out the pilot smart metering project targeting 50,000 electricity consumers in Dehiwala for Rs.937.91 million.