Australia has expressed keenness in exploring investment opportunities in Sri Lanka, which could help fast-track foreign direct investment to the island nation.

The members of the Free Trade Zone Manufacturers’ Association (FTZMA) met with the Board of Investment (BOI) chief last week to provide a snapshot on the issues faced by the BOI entities in moving forward.

In the absence of tax incentives and fuelled by the recent hike in power tariffs, Sri Lanka’s exporters are struggling to carry out the necessary upgrades and expansions of their manufacturing facilities, in order to maintain their market shares in

Kicking off banking sector earnings, Sampath Bank PLC reported higher profits for the three months ended in December 2022 (4Q22) as elevated interest rates, fee incomes and exchange gains helped....

DFCC Bank PLC reported some solid profit in the three months to December 2022 (4Q22) riding on the elevated interest rates and fee incomes although the larger provisions, expenses and taxes weighed....

Softlogic Information Technologies Ltd. (SITL) has successfully completed its implementation of the Credit Information Bureau (CRIB) Score data centre infrastructure. CRIB is the first Credit....

Sri Lanka Telecom PLC (SLT) reported higher revenues for the quarter ended December 2022 along with operating profits, but the earnings took a hit from the higher borrowing cost and foreign exchange....

Amazon will require all office staff to work in-person at least three days a week, ending a policy that left remote work decisions up to team directors. Boss Andy Jassy....

Turkey was already battling runaway inflation and relying on rich allies for funding to keep its economy afloat when a massive earthquake killed tens of thousands, razed entire cities and left millions needing....

The prospect of large-scale mining to extract valuable minerals from the depths of the Pacific Ocean, once a distant vision, has grown more real, raising alarms among the oceans’ most fervent defenders. “I think this is a real....

Ceylinco General Insurance and SLT-MOBITEL recently announced the launch of a pioneering solution offering the Serious Illness cover of Rs.500,000 and personal accident cover of Rs.1 million....

LOLC General Insurance PLC and LOLC Life Assurance Ltd, two of Sri Lanka’s finest and fastest growing insurance companies, together with Pan Asia Bank, which is one of the leading commercial banks....

Commercial Bank of Ceylon recently conducted the inaugural Leadership Readiness Forum, which was one of many projects planned under the bank’s Middle Management Development Programme. Titled....

First Capital Holdings PLC recorded a profit after tax of Rs.1.66 billion for the nine months ended on December 31, 2022, compared to loss after tax of Rs.68 million in the corresponding period of the previous....

The World Bank (WB) announced on Thursday that it may change its internal lending guidelines to free up US $ 4 billion in lending capacity each year, as it is under pressure to step up efforts to assist the developing countries to cope with climate c

In an effort to ensure Sri Lanka structures its financial activities in a manner that brings about better environmental outcomes and a more resilient future, the government yesterday announced the setting up of a committee to overlook the endeavour.

Microsoft Imagine Cup Junior 2023 is open for applications for school students aged 13-18.

Mastercard announced yesterday that it would bring the Rugby World Cup 2023 trophy, known as the Webb Ellis Cup, to Sri Lanka for the first time.

One of China’s top investment bankers has become unreachable, according to his company.

Sri Lanka witnessed a hole in its tea cuppa in the month of January, as Ceylon Tea exports showed dampened performance.

The offering at the Colombo Tea Auction was marginally higher this week than the previous week, with the quantities totalling five MnKgs, which were met with fair general demand.

Free Trade Zone Manufacturers Association (FTZMA) yesterday said that the electricity tariff hike that came into effect from yesterday will expand its members’ energy costs further up to 180 percent.

Melstacorp PLC reported some solid top and bottom line performances for the three months ended December 2022 (3Q23) as the group was riding on the robust sales from its liquor business and others, although the rising finance costs somewhat weighed on

The Purchasing Managers Index (PMI) for January showed a steep contraction in manufacturing activities from a month ago, while services activities continued to expand despite losing some steam, reflecting the troubles faced by the broader economy.

FitsAir, Sri Lanka’s first privately owned international airline, is set to increase international flight offerings with the launch of service to Chennai, India.

The Colombo Chief Magistrate’s court yesterday fixed for April 6 to deliver its order in connection with a private-plaint filed against former Central Bank Governor Ajith Nivard Cabraal.

Ending months-long speculation, Softlogic Capital PLC Managing Director Iftikar Ahamed in a stock market filing yesterday informed the Colombo Stock Exchange (CSE) that they are evaluating a bid for its subsidiary Softlogic Life Insurance PLC.“…

Leading herbal products manufacturer Link Natural Products (Pvt.) Ltd, has announced the debut of its flagship brand and iconic herbal drink Link Samahan at Costco Wholesale stores in Japan.

Tourist arrivals to destination Sri Lanka have crossed the 50,000 mark for the first two weeks of February, reigniting hopes for a faster recovery in the tourism sector, which is a key source of foreign exchange to the dollar-starved economy.

The government continues to make tall claims on the importance of the tourism sector to revive the economy, but the reality is they have no understanding whatsoever as their actions are harming the hard-hit industry, The Hotels Association of Sri Lan