Indian business tycoon Anand Mahindra requested the Serum Institute of India and Bharat Biotech to help China which is struggling with increased cases of COVID-19 in that country.

The local businesses urged the Central Bank this week to look at the possibility of further extending the moratorium, so that more breathing space is provided to settle the loans.

As Sri Lanka’s tourism industry, mainly the hotel sector, is likely to get electrocuted with the second hike in electricity tariff, the Sri Lanka Tourism Development Authority (SLTDA) said it is looking to bring in renewable energy options.

As China is looking to reopen after being massively hit by the Covid-19 pandemic, allowing its population to travel worldwide, countries, including Sri Lanka, are becoming cautious in welcoming tourists from that market.

Crowds gathered in the vicinity of Colombo Port City over the last two days to witness the grand fireworks.

Chocolate manufacturer Hershey has been sued in the US over claims the firm is selling products containing harmful levels of metal.

The Chamber of Construction Industry of Sri Lanka (CCISL) together with the Forestry and Environmental Sciences Department of the University of Sri Jayewardenepura will conduct a seminar on ‘Trends in Treatment of Wood and Wood-Based Products for t

Airport and Aviation Services yesterday said it is keen on promoting Mattala Rajapaksa International Airport (MRIA) as an “exotic tourism destination airport”, so that its full potential can be realised.

The Monetary Board of the Central Bank of Sri Lanka (CBSL) yesterday directed Kanrich Finance Limited (KFL) to settle in full its public liabilities within the period from December 26, 2022 to February 28, 2023.

Sri Lanka is targeting to double gem and jewellery exports to US$ 500 million next year as the industry remains buoyant on its potential to become largest forex earner for the country.

Credit rating agency, ICRA Lanka Limited has decided to cease operations in Sri Lanka, and the company has already informed its clients of the decision as it terminated the rating agreements with clients.

People’s Bank has taken steps to further strengthen trade related services with India by opening an Indian Rupee (INR) account with HDFC Bank, India. This account will facilitate executing telegraphic transfers, performing foreign exchange transact

The Western province continued to be the largest contributor to the national output representing 42.6 percent of the nominal GDP (base year 2015) in 2021, with a marginal increase in its share on year-on-year basis, the Central Bank said yesterday re

Aitken Spence Travels yesterday welcomed the inaugural charter flight from Red Wings Airlines, a Russian regional leisure airline, which arrived at Mattala Rajapaksa International Airport.

US energy giant ExxonMobil is suing the EU in a bid to force the bloc to scrap its new windfall tax on oil firms.

The United States Agency for International Development (USAID) coordinates with Keells Supermarkets and Hatton National Bank (HNB) on an innovative supply chain financing facility that supports micro, small, and medium-sized enterprises (MSMEs) in th

Sri Lankan economy, which is set to give up close to 9.0 percent of its output in 2022, will extend its decline into 2023, shedding a further estimated 3.1 percent of output before seeing any recovery in 2024, according to CT CLSA Securities.

Sri Lanka’s recently carried out its first palmyrah-based products exports to France and the United Kingdom (UK). According to a media communique by the Plantation Ministry,

India’s state-owned Ircon International is scheduled to commence the Rs.33 billion rehabilitation programme of a section of the Northern railway track from Anuradhapura to Omanthai, under Indian concessional financing, from January 5, 2023, Transpo

With an estimated 10 percent of Sri Lanka’s information and communication technology (ICT) professionals leaving the country for overseas job opportunities, the competition among the country’s ICT firms to recruit and retain the limited talent ha

Russia has banned oil sales to countries and companies that comply with a price cap agreed by Western nations earlier this month.

The Central Bank sold Rs.98.0 billion in bills at the primary Treasury bill auction held yesterday, where the yields slipped from last week, continuing the weeks-long declining streak into the final bill auction for 2022.

The Monetary Board of the Central Bank of Sri Lanka yesterday announced the cancellation of the Finance Business Licence issued to Swarnamahal Financial Services PLC (SFSP), in terms of Section 37(3) of Finance Business Act, No. 42 of 2011 (FBA), wit

Come 2023, Sri Lanka hopes to brew a strong Ceylon Tea cuppa, as the corrective actions taken by the authorities and industry in recent months are expected to help pull the struggling industry back on track.

First Capital Holdings PLC, a member of the Janashakthi group, yesterday announced the appointment of Manjula Mathews as Deputy Chairperson to its board and the promotion of current Director/CEO Dilshan Wirasekara to Managing Director/CEO.

In response to the disclaimer of opinion issued by the external auditors on the financial statements of Nawaloka Hospitals PLC for the financial year ended on March 31, 2022, the company this week said it is taking remedial actions to address each on

The Food and Agriculture Organization of the United Nations (FAO), with funding through the United States Agency for International Development (USAID), will distribute 36,000 metric tonnes of Triple Super Phosphate (TSP) fertiliser to all paddy farme

The Hambantota International Port (HIP) is supporting Colombo Dockyard PLC (CDPLC) to handle running repairs to vessels while they remain afloat in the harbour.

Says dollar earning companies could navigate the import shortages and beat domestic inflationary forces much better Offering a stark....

In a snap move late Monday, China said from January 8 inbound travellers would no longer be required to quarantine on arrival in a further.....