The Federal Reserve’s super-sized interest rates are not scaring most companies into cutting back on spending, according to a survey released on Wednesday.

The banking sector asset quality deteriorated further in the third quarter of the year reflecting the profound stresses the sector is undergoing in their loans portfolios on top of the pressures that have mounted from the record level provisions agai

Coinciding with the 200-year anniversary of the arrival of the first generation of the up-country Tamil community to Sri Lanka, in next February, the Cabinet has decided to roll out special programmes to enhance the living conditions of the up-countr

October industrial production fell substantially from a month ago, deepening the decline in the economy through its fourth quarter after it gave up nearly 12.0 percent of its output in the third.

Dialog Axiata PLC, the first telecommunications service provider in the South Asian region to demonstrate 5G capabilities in 2018, announced the successful testing of mmWave 5G for the first time in South Asia.

Elon Musk has said he will resign as Twitter’s Chief Executive Officer when he finds someone “foolish enough to take the job”.

With the recent acceptance of Indian rupee (INR) as a designated foreign currency by the Central Bank of Sri Lanka to promote trade and tourism within the SAARC region, Bank of Ceylon (BOC) opened up its first Nostro account in INR with its Chennai b

The Cabinet approval has been granted to endorse a private bill submitted by an Opposition lawmaker to establish the Institute of Chartered Shipbrokers Sri Lanka through an Act of Parliament, in order to perform its activities more formally and effec

The Sri Lankan exporters will be able to improve the offering and services to the European Union (EU) market going forward with the initiatives rolled out by the Import Promotion Desk (IPD), in Germany, which came to a close this month.

Aitken Spence Travels (Pvt.) Ltd emerged as the most sustainable destination management company (DMC) and role model of sustainability in the tourism industry, at the recently held Sustainability Awards 2022, organised by the AHK (Delegation of Germa

Dilly & Carlo, an established local brand in the manufacturing and retail business in Sri Lanka celebrating 36 years of excellence, is bringing the spirit of the New Year season to its valued customers by unveiling its enchanting new festive collecti

This year, Arpico’s Christmas Super Shopper campaign offers even better rewards, including valuable home makeovers for 25 lucky families and chances to win instant gifts worth millions.

Netsys Solutions (Pvt.) Ltd, one of the leading system integrators in Sri Lanka, recently hosted over 150 representatives from 50 companies, who had been working with it in the past decade, at a gala event named Netsys Kritajna at Monarch Imperial Ho

The Christmas season is synonymous with love, happiness, caring, sharing pageantry and festivity, which everyone is so eagerly looking forward to with family reunions, visits by relatives and friends who share greetings, nostalgic memories and most i

Kids Joy, a world-class product by Kiddies & Toys International (KTI), a subsidiary of leading Sri Lankan conglomerate LIMRA Holdings, celebrated its 15th anniversary by bringing smiles to the faces of expectant mothers from underprivileged communiti

Bringing the joy of the season and spirit of giving, SLT-Mobitel is continuing its ‘Sabendiyawe Naththala’, a national-level community empowerment programme, supporting all communities to celebrate the festival in a grand manner.

Ringing in the festive cheer with a Christmas special campaign, Pepsi recently unveiled its new TVC.

DIMO Diesel Lab has further strengthened its long-standing collaboration with Bosch through cementing its strong position as the Certified Bosch Diesel Service Workshop in Sri Lanka.

The Chamber of Tourism and Industry asserts the need to develop domestic air travel services to effectively compete with its regional peers. It pointed out that putting....

The sheer magnitude of the slump in imports of consumer goods this year offers a glimpse to how the unravelling economic crisis has had upended the purchasing patterns of consumers and the depths to which....

The Cabinet nod has been granted to establish ‘Sri Lanka Institution of Economics and Trade Institute’ to educate policymakers and public officials on economic and trade activities in order to avert another economic...

Cabinet approval has been granted to endorse a private bill submitted by an Opposition lawmaker to establish the Institute of Chartered Shipbrokers Sri Lanka through an Act of Parliament in order to perform....

The Cabinet has cleared a proposal to facilitate visa for foreigners who involve in Colombo Port City (CPC) related activities under three special categories subject to recommendations of the Colombo Port City....

The government yesterday announced further relaxation of imports restrictions, which were introduced in August to preserve foreign exchange. A special gazette....

The government is to setup an “Office for the affairs of Sri Lankans living abroad” to coordinate with estimated three million Sri Lankan diaspora to obtain their assistance for development....

The ASPI closed in red as a result of price losses in counters such as Lanka IOC, Richard Pieris & Company and Browns Investments with the turnover crossing Rs. 2.8 bn. A similar behaviour....

KPMG Sri Lanka has refused to provide an opinion on the annual financial statements of Nawaloka Hospitals PLC due to the latter’s failure to account for billions worth of revenues, receivables....

Ceylon Guardian Investment Trust PLC (GUAR), a unit of Carson Cumerbatch PLC, yesterday said it has decided to sell its entire 50 percent stake in Guardian Acuity Asset Management Limited (GAAM) to CT CLSA Holdings Limited.

Much of 2022 has been a wild ride for Sri Lanka but if there was a single segment, which for the most part withstood the economic adversities so far this year, that was corporate earnings.

Sri Lanka’s FIFA Fan Zone in Negombo was successful in creating a positive hype, which has helped to share with the world the message that the island nation is safe and open for international tourists, said the Sri Lanka Tourism Promotions Bureau (