Sri Lanka’s low female labour force participation rate (FLFP) has received intense policy attention over the past several decades for many reasons. It is widely assumed that improving FLFP will not only empower women and reduce gender disparities b

In line with its mandate to continuously uplift the standards of HR practices in Sri Lanka, the Association of Human Resource Professionals (AHRP) is to launch the finale of its Human Resources Think Tank (HRTT) series, ‘Creating Future-Proof Organ

EY Sri Lanka is to host a discussion ‘Debt Restructuring Implications to the Financial Services Sector’, on March 22 from 08:45 a.m. to 12:30 p.m. at The Kingsbury Colombo.

The Sri Lanka-Thailand Business Council held its 21st Annual General Meeting at Siam House, Colombo recently.

In an open letter to Sri Lanka’s official bilateral creditors, President Ranil Wickremesinghe yesterday assured that safeguards will be put in place to ensure equitable burden sharing and comparability of treatment.

While insisting that only 10 percent of public sector employees are subjected to PAYE taxes, the government revealed that discussions are underway to grant relief to public sector employees after April.

Sri Lanka’s first ever MICE Expo kicked off in Colombo this week, bringing together local industry stakeholders and carefully selected buyers worldwide.

Moody’s Investors Service placed six US banks on review for potential credit rating downgrades late Monday, in the wake of last week’s collapse of Silicon Valley Bank.

New commission members have been appointed to the Securities and Exchange Commission (SEC), which is now chaired by veteran banker Faizal Salieh.

Ahead of the International Monetary Fund (IMF) Executive Board Meeting on March 20, the Cabinet green-light has been received to present the draft anti-corruption legislation to parliament for approval in an expedited manner.

The Cabinet nod has been granted to install two floating solar plants as a pilot project with 6.83 billion Korean Won funding from the South Korean government. The Minister of Power...

Vidullanka PLC Director C.F. Fuhrer this week acquired 108.9 million shares or 12.5 percent stake in the company in a Rs.653.6 million deal. The seller of shares was...

The ASPI closed in green as a result of price gains in counters such as Hatton National Bank, Sampath Bank and National Development Bank with the turnover crossing Rs. 1.4 bn. Meanwhile, the S&P SL20....

To help meet the demand for quality childcare services among employed parents in the Eastern province of Sri Lanka, the International Finance Corporation (IFC), Commercial Bank of Ceylon (CBC) and Sarvodaya...

Strengthening the housing industry, Sri Lanka’s leading private sector bank HNB PLC supported the recently concluded Kedella Living in Style, as the official banking partner. “The last two years...

Fara Holdings (Pvt.) Ltd has announced the launch of Handy Master, an on-call maintenance service in Colombo. The services of civil and MEP...

With the aim of becoming the most sought-after and trusted distributor for consumer goods in Sri Lanka, A Baur & Co. (Pvt.) Ltd, also known as Baurs, one of the leading diversified corporates...

Fitch Ratings has assigned Sri Lankan paint manufacturer JAT Holdings PLC a National Long-Term Rating of ‘AA(lka)’. The Outlook is Stable. JAT’s rating reflects....

Several credit card issuers have lifted the limits that hitherto had on overseas use, as they saw their foreign currency conditions improving substantially in the recent times, providing them a lot more room to allow their cardholders with higher spe

The prime rate fell sharply, despite the Central Bank half-heartedly raising the key policy rates by 100 basis points, reflecting that the most recent policy move is entirely symbolic and has no real impact on the markets.

After coming under fire for the controversial remarks made at ITB, Tourism Minister Harin Fernando attempted to clear the air in this regard last evening.

Sri Lanka came under the spotlight yet again for wrong reasons at the recently held ITB, the world’s leading travel and trade show held in Berlin, Germany, as the country’s Tourism Minister Harin Fernando’s remarks on the Maldives, in his attem

China’s Sinopec, which is also known as China Petrochemical Corporation, has pledged to invest in Hambantota, the President’s Media Division (PMD) said.

NDB Investment Bank (NDBIB) made inroads into the African region by acting as the exclusive financial advisor and manager to the recently concluded transaction of Hela Apparel Holdings PLC.

State regulators closed New York-based Signature Bank on Sunday, the third largest failure in the U.S. banking history, two days after authorities shuttered Silicon Valley Bank in a collapse that stranded billions in deposits.

HSBC has swooped in to buy the UK arm of collapsed US Silicon Valley Bank (SVB), bringing relief to the UK tech firms, who warned they could go bust without help.

Sri Lanka’s higher interest rates continued to yank credit to the private sector from banks as such credit recorded a sharper pull back to start the year in January.

Despite recent appreciation of the rupee and improvements in the external account, the government remains cautious on lifting...

Jobs growth in the US remained strong last month, as the world’s largest economy continued to defy expectations of a slowdown. Employers....

Sri Lanka received US$ 169.9 million from the tourism trade in February, slightly up from US$ 169.4 million in the same month, a year ago.