The slowdown in demand in major apparel markets and the rising borrowing costs have begun to take toll on the local apparel makers’ financial profiles as they are facing tight liquidity, weak interest coverage...

Inflation showed some stickiness in the recent couple of months as the ease in prices slowed down notably reflecting the next leg of decline in prices could take longer.

Sri Lanka’s balance of payment (BOP) which was at the center of the economic crisis that hit the country last year, has finally turned positive after nearly a year of demand destruction policies....

Free Trade Zone Manufacturers Association (FTZMA) last week called for swift actions from authorities to avoid mass-scale job losses and closures in the export sector amid looming global recession...

In a yet another testimony to the unmatched service excellence, Sri Lanka’s No.01 Bank, Bank of Ceylon (BOC) clinched the prestigious Best Banking Service Provider of the Year 2023 award for the third...

Sanasa Life Insurance Company, which received an international award as the fastest growing insurance company in Sri Lanka, recently set up its Matara branch in a new premises, with the aim of providing...

NDB Bank secured a staggering nine awards at the SLIM National Sales Awards held recently at Monarch Imperial, Sri Jayewardenepura, Colombo. NDB’s Praveen Senevirathne...

Standard Chartered has announced the appointment of Yohan Samarakkody as Country Chief Risk Officer (CCRO) and Head of Operational Risk for Sri Lanka, effective March 1, 2023. Samarakkody counts...

The Badulla branch of Sri Lanka Insurance Corporation (SLIC) was relocated recently to No. 175, Keppetipola Road, Badulla. The SLIC Badulla....

As a member of a high-powered stakeholder panel at the Chartered Accountants Forum on ‘Economic Dialogue’: IMF and Beyond, Joint Apparel Association Forum (JAAF) Chairman Sharad Amalean....

Singer Sri Lanka PLC, the leading retailer of consumer durables in the country, has been honoured with its 17th consecutive People’s Brand of the Year award at SLIM-KANTAR People’s Awards 2023...

The Business World International Awards (BWIO) ceremony, organised by the Business World International Organisation INC - USA, an event that is recognised as one of the most prestigious business....

Exterminators PLC, Sri Lanka’s premier pest tech and environmental enhancement technology company, recorded impressive financial performance for the nine months ended on December 31, 2022. During....

INSEE Cement, Sri Lanka’s leading cement brand and solutions provider, has been awarded the ISO 39001:2012 certification, in recognition of its road traffic safety (RTS) management system. This is the first....

Sri Lanka’s deficit in the merchandise trade account witnessed a significant contraction in February, due to a significant moderation in the import expenditure, arising out of the aggregate demand conditions.

Taxi-hailing and delivery service PickMe yesterday announced the further downward revision of the per kilometer charge.

In an effort to keep up with the regional peers in technological development, Sri Lanka will allocate large sums, starting this year, to help transition towards a digital economy.

Entrepreneurs across the country came onto a single platform in Colombo yesterday to feature their products.

The Commonwealth Union launched its official website in Colombo last week.

Continuing with its acquisition spree, Expolanka Holdings PLC yesterday announced that it acquired a 100 percent stake in leading Canadian freight forwarder LEI Group for Canadian dollars (CAD) 90 million (US $ 66.47 million).

The final sale for 1Q23 at the Colombo Tea Auction this week saw 5.1 MnKgs come under the hammer, which was met with good general demand.

Headline inflation, as measured by the year-on-year (YoY) change in the Colombo Consumer Price Index (CCPI, 2021=100), decreased to 50.3 percent in March 2023, from 50.6 percent in February 2023.

Sri Lanka should immediately look at banning sale of single-stick cigarettes if it is serious about reducing the smoking prevalence in the country, a new study by the Institute of Policy Studies (IPS) revealed.

Sri Lankan exporters will be able to obtain the ‘Country of Origin’ certification much faster with the International Trade Center (ITC) presenting to the Ministry of Trade and Commerce a new electronic system for the same.

Hemas Holdings PLC is looking expand its presence in consumer and healthcare segments, as the corporate behemoth remains acquisitive in the two fields.

In a major move to gain trust and cooperation of its foreign creditors, Sri Lanka yesterday expressed its willingness to include rupee debt in the debt restructuring exercise.

Singapore Airlines (SIA) commenced operation of Boeing B787-10 Dreamliner between Colombo and Singapore on March 27.

Sri Lanka Telecom PLC yesterday announced the appointment of Reyaz Mihular to its board as an independent non-executive director with effect from March 30, 2023.

The use of Indian rupee (INR) in Sri Lanka-India bilateral trade is facilitating traders from both countries to cut transaction costs by over 50 percent while enabling same day trade settlements.

​Sri Lanka expects to conclude the discussions with its creditors-both official and private-and reach a debt relief deal by the first review of the International Monetary Fund (IMF) programme that received Executive Board approval early last week.