Sri Lanka tourism is slated to receive the much-needed boost from China, as it pledged support to revive the island nation’s tourism industry, thereby its economic recovery.

Treasury Secretary Janet Yellen on Friday warned of the widespread global effects that could be felt if the federal government exhausts extraordinary measures and fails to raise the debt ceiling, telling CNN’s....

The world economy is still in a sticky spot, according to the head of the International Monetary Fund, despite cautious optimism among economists and business leaders that slowing inflation means the worst....

India is set to export a record 50 million eggs this month, boosted by sales to Malaysia, where there have been acute shortages as soaring feed prices caused by the Ukraine war forced many small-scale....

The container throughput at Port of Colombo declined by 5.3 percent year-on-year (YoY) to 6.86 million TEUs in 2022 driven by decline in transshipments and import container volumes....

Kicking off the December 2022 quarter earnings season, CIC Holdings PLC reported some robust top and bottom line performances for the three months, reflecting that the group operates with businesses....

PGP Glass Ceylon PLC has delivered strong top and bottomline performances for the December 2022 quarter (3Q23) as the company appears to be having some solid order book from both its foreign and....

Pathfinder Capital (Pvt.) Ltd. recently signed an MoU with Adani Defence System and Technologies Ltd. to introduce drones for commercial applications in Sri Lanka. Pathfinder and Adani....

Link Natural launched a range of natural beauty care under the brand Earth Essence. The brand promises natural nourishment of skin and hair with the use of standardised natural....

Commercial Bank of Ceylon has announced a partnership with the National Science Foundation (NSF) to further enhance the bank’s science, technology, engineering and mathematics (STEM) education projects....

DIMO recently introduced its calendar for the year 2023, which showcases a plethora of unique roads found across the country. It not only depicts the beauty....

Barista, the largest café chain in Sri Lanka, for the third time won the LMD Customer Service Excellence Online Survey award in the cafes and coffeehouses sector. The LMD survey...

PickMe in 2023 will attract new segments of the community to its platform by adding state-of-the-art features that will help users beat the economic doldrums by providing win-win transport....

MAS Amity Pte. Ltd, a subsidiary of MAS Holdings, signed a joint venture agreement with Tata Group’s Trent Ltd, setting up an entity in India for the joint development of business into intimate wear and other apparel-related products.

President’s Counsel Ronald C. Perera yesterday assumed duties as Chairman of Bank of Ceylon (BOC).

Japan’s inflation rate has jumped to a fresh 41-year high as businesses pass on higher costs to their customers.

Port City Colombo (PCC) recently welcomed a delegation of senior representatives from the Thai-Sri Lanka Chamber of Commerce, Sri Lanka-Thailand Business Council and Embassy of Iran.

The Maldives conducted a vibrant ceremony on Wednesday for the first Chinese tourists to visit since 2020, after China optimised its epidemic prevention policy and allowed outbound travel to resume in an orderly manner.

Google’s parent company Alphabet will cut 12,000 jobs, in the latest staff redundancies to hit the tech industry.

Fitch Ratings yesterday downgraded Co-operative Insurance Company PLC’s (CICPL) National Insurer Financial Strength (IFS) Rating to ‘BBB(lka)’, from ‘A-(lka)’ and maintained the Rating Watch Negative (RWN), following the recent sovereign do

The government has resumed measures to operationalise the Sri Lanka-Singapore Free Trade Agreement (SLSFTA) that came into effect in May 2018, Chief Negotiator at the International Trade Office of the Presidential Secretariat K.J. Weerasinghe told Mi

As India this week extended its financial assurance to help Sri Lanka restructure its debt, its government asserted to the International Monetary Fund (IMF) that the authorities of the crisis-hit nation are expected to seek equitable debt treatment f

Producer prices retreated in November from over 100 percent increases seen relentlessly for many months, but the inflationary pressures still remain elevated at supplier levels with prices rising by 89.4 percent in the month from a year earlier perio

The number of children grappling with various forms of undernutrition in Sri Lanka increased for the first time in at least six years in 2022, a government report and data from the health ministry indicate.

The country’s industrial production activities have continued to sputter, mirroring the manufacturing sector contraction repeatedly reflected by the Purchasing Managers’ Index.

China will soon launch a State-backed platform for transport which includes services of ride-hailing, cargo trucking, road transport, railway, ferry and flight services, Chinese State media Beijing Daily reported on Wednesday.

The Joint Apparel Association Forum (JAAF) yesterday said it was disturbed to learn that the government is planning to withdraw Gazette No 2041/10 dated 17th October 2017 of the Licensing of Shipping Agents, Freight Forwarders, Non-Vessel Operating C

Fitch Ratings has downgraded the National Long-Term Ratings of five Sri Lankan finance and leasing companies (FLCs) after the recent sovereign downgrade and recalibration of the agency’s Sri Lankan National Rating scale.

Businesses have started to feel the heat from higher taxes, even before the new and elevated corporate income tax came into effect from January 1, as the respondents to the Central Bank’s monthly survey of business sentiments expressed heightened c

Sri Lanka would not impose any new COVID-19 health protocols for incoming visitors, the health authorities decided at a meeting this week.