Sri Lanka’s housing market weaknesses could persist at least through the first half of next year, after the once red-hot sector was beset by the economic crisis, causing a slump in demand amid the heavy mortgage rates, cost overruns and project del

Grand Gain Industrial Ltd (GG), a Hong Kong-based company specialising in developing, manufacturing and sale of polyurethane foam cups for the brasserie industry,

Sri Lanka’s external reserves surpassed two billion dollars in January, reflecting gradual improvement in the foreign exchange conditions....

While acknowledging and appreciating the financing assurances provided by Sri Lanka’s creditors thus far towards achieving International Monetary Fund (IMF) Executive Board approval for the envisaged bailout package, the Ceylon Chamber of Commerce

The total outstanding credit card balance continued to climb in December 2022, though slower than a month ago, as consumer credit...

Foreign currency inflows from worker remittances recorded an encouraging US$ 437.5 million in January, up 68.8 percent from a year ....

Ontario-based American Clean Energy Solutions Inc. is set to invest US$150 million to develop 100MW ground mounted solar power project ....

Dialog Axiata PLC, Sri Lanka’s largest mobile telecom services provider, saw its earnings hitting the negative territory in the December quarter....

United Motors Lanka PLC, the sole distributor for Mitsubishi vehicles in Sri Lanka said its relationship with Mitsubishi Motors Corporation Japan....

Locally assembled Hyundai Grand i10 1.2l Auto was ceremonially unveiled by President Ranil Wickremesinghe at the Hyundai showroom....

Cargills (Ceylon) PLC opened its new centralised distribution centre recently, marking yet another milestone. Over the past 40 years, Cargills....

LIMRA Holdings Limited, a mid-sized local multinational company that has entered multiple international markets, has appointed Niroshan Jayasuriya.....

CMA Sri Lanka recently launched its fifth syllabus revision termed ‘CMA Sri Lanka Professional Programme 2023-2027’, at Taj Samudra....

Nepalese business tycoon Binod Chaudhary and CG Corp Global Managing Director Rahul Chaudhary held discussions recently with the Board....

Over 100 climate change experts from across the world are in Sri Lanka this week to deliberate to explore how policies in this regard can be integrated within a sustainable development strategy.

Eleventh-hour negotiations between Pakistan and the International Monetary Fund (IMF) have failed to unlock US $ 1.1 billion in crucial funds aimed at preventing the country from going bankrupt.

Fitch Ratings this week upgraded Bank of Ceylon’s (BOC) Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CC’, from ‘RD’ (Restricted Default).

The economic crisis that hit Sri Lanka last year is a blessing in disguise, said a senior professor of a state university, as it helps halt the relevant authorities from making the wrong decisions with regard to the island nation’s transport infras

The offering at the Colombo Tea Auction further dropped this week, with only 4.5 MnKgs coming under the hammer.

The national tea sales average for the month of January 2023 recorded Rs.1,466.76 (US $ 4.04).

As Islamic finance has been in Sri Lanka for 25 years, the stakeholders of the industry launched this week a publication to commemorate the milestone reached by the non-conventional baking system in the country.

The government insisted that only 2.6 percent of Sri Lanka’s total workforce of 4.64 million are subjected to the pay-as-you-earn (PAYE) income tax, with nearly half of the labour force receiving a less than Rs.30,000 monthly salary.

Norges Bank Investment Management, which manages Norway’s US$ 1.3 trillion Government Pension Fund Global, saw its equity investments in Sri Lanka more than halving in 2022, largely driven by the sharp depreciation of the Sri Lankan rupee during th

Blue-chip conglomerate Aitken Spence PLC reported a cumulative profit before tax (PBT) of Rs. 10.3billion for the nine months ended 31st December 2022, which was a significant growth of 213.7 percent over last year.

Teejay Lanka PLC has reported strong revenue growth for the nine months ending 31st December 2022 as well as for the third quarter of the year, but higher domestic costs, increased taxes and a softening of orders in international markets have impacte

Furthering its investment in the country despite volatilities, with its strong focus on sustainability, Nestlé Lanka PLC yesterday announced a biomass boiler project with an investment in excess of Rs.1 billion at its state-of-the-art factory in Kur

SriLankan Airlines is set to renew its commercial operations to China in the first week of April 2023, with a thrice weekly service each to Shanghai, Beijing and Guangzhou as China reopens its borders.

As close to 30 percent of Sri Lanka’s population are facing food insecurity, the International Labour Organisation (ILO) yesterday announced it was extending short-term income generation support to the most vulnerable to navigate ongoing economic c

The Ministry of Environment and the Global Green Growth Institute (GGGI) organised a high-level event on Strategies and Actions to Accelerate Sri Lanka’s Transition to a Green Growth Pathway on February 6.

The infrastructure development activities of Port City Colombo, the largest foreign direct investment (FDI)-driven project in Sri Lanka, are slated to be completed by the end of this year, said Investment Promotion Ministry Secretary M.M. Nayeemudeen