The tourist arrivals in the first seven days of February have crossed the 25,000 mark, maintaining the momentum of the inflow of international visitors that was achieved in the past several weeks.

The bill auction went undersubscribed for the second consecutive week yesterday, as President Ranil Wickremesinghe appeared to have failed to reassure the markets on the future stability of the economy, although stocks showed mixed performance.

The government yesterday offered relief by exempting some non-cash benefits received by employees as part of their total package of benefits and emoluments when computing the Pay-As-You-Earn (PAYE) tax.

The Cabinet nod was granted this week to prepare a bill to amend the Employees’ Trust Fund (ETF) Act, with a view to introduce a health insurance scheme for the private sector employees.

The approval of the Cabinet of Ministers was granted this week to table the new regulations on payment of welfare benefits (section of eligible persons for receiving payments) in Parliament, in order to make cash transfers to identified recipients un

Tokyo Cement Company (Lanka) PLC reported downbeat performance for the December 2022 quarter (3Q23), reflecting the sharp downshift in the market for construction and related activities, after the economy collapsed firing runaway prices.

MSC America, the first container vessel under the business promotions programme to attract new lines to the Port of Colombo (POC), called at the East Container Terminal (ECT) of the Port of Colombo yesterday.

The government could renegotiate with the International Monetary Fund (IMF) on the possibility of exempting allowances other than....

Visa, one of the world’s biggest leaders in digital payments, sounded upbeat about Sri Lanka as it expects “great momentum” ....

Daraz workforce in Sri Lanka will not be affected by the job cuts announced by the e-commerce platform Daraz Group, an Alibaba Group....

The Cabinet green-light has been granted to close down and suspend 87 Project Management Units (PMUs) of medium and large-scale....

In an attempt to further reduce State expenditure through a systematic review, the Cabinet nod has been granted to appoint 10 committees...

The Ministry of Transport and Highways has reached an agreement with the Treasury to settle Rs.87 billion worth arrears to contractors via bonds....

The ASPI closed in red as a result of price losses in counters such as Sampath Bank, Vallibel One and Expolanka Holdings with the turnover.....

Softlogic Life recorded a superior full year performance in a crisis-affected business landscape, posting Gross Written Premium (GWP) of Rs.23,083 million...

The Cabinet has cleared the path for the Department of Census and Statistics (DSC) to update the Colombo Consumer Price Index.....

The European Union (EU) has allocated four million euros (approximately Rs.1.5 billion) in grants for fertilisers, seeds and training to the most vulnerable farmers, as a response to the agriculture and food security...

Kelun Lifesciences (Pvt.) Ltd, one of the largest pharmaceutical manufacturing facilities in Sri Lanka, located at the Kandy Industrial Park, fulfils 40 percent of total demand for saline in the country and has saved...

In an effort to bring women-led businesses under fresh focus, as the national economy looks to revive, Women in Management (WIM) in collaboration with Women in Work (WIW), a partnership between....

DFCC Bank PLC, one of Sri Lanka’s most trusted banks and a leader in inward remittances, has partnered with Citizens Development Business Finance PLC (CDB), one of the top four largest non-banking....

Helping to elevate and protect the Buddha Sasana, Sanasa Life Insurance has introduced a very special and tailored insurance policy for Buddhist monks. The ‘Pinsaru Vandana’ insurance....

Commercial Bank of Ceylon has announced attractive new benefits for holders of foreign currency accounts with immediate effect. The customers who open....

In a further measure to alleviate the tight liquidity situation faced by the country’s banking sector, the Central Bank last week issued fresh instructions providing some leeway to the manner in which the latter calculates and reports its liquidity

Revenues at Royal Ceramics Lanka PLC moderated and the overheads rose sharply, offering a proxy for the housing and broader construction sector slump in the country after the economy crashed sending the prices and interest rates soaring.

The recent move by the government to allow the importation of eggs was welcomed by the Sri Lanka Veterinary Association (SLVA). However, it raised concerns about the possibility of a bird flu outbreak in the island nation, if appropriate measures are

The Joint Apparel Association Forum (JAAF), the apex body that guides Sri Lanka apparel towards its ultimate goal of being the world’s number one apparel sourcing destination, held its 19th Annual General Meeting (AGM) recently, reappointing indust

Ceylon Chamber of Commerce Deputy Secretary General (DSG) and Chief Operating Officer (COO) Alikie Perera has been appointed to the prestigious General Council of the World Chambers Federation (WCF) of the International Chamber of Commerce (ICC).

Indian billionaire Gautam Adani is repaying some debt early as he scrambles to end a rout in shares of his embattled conglomerate that entered a third week yesterday.

Nissan and Renault have unveiled the details of a major shake-up of their often strained 24-year-old alliance. The announcement comes after months of negotiations between the motor industry giants.

The Institute of Policy Studies of Sri Lanka (IPS) is inviting proposals for the Saman Kelegama Memorial Research Grant 2023.