Banks are seen stepping up their campaigns to raise more deposits offering even higher rates than what prevailed until recently....

Taiwan’s premier yesterday accused China of violating international trade rules and “discriminating” against the island after it halted....

The Hayleys group received top honours at the recently concluded National Chamber of Exports Awards, with its export manufacturing, agriculture, tea export and transportation....

The government had exhausted a staggering Rs.367 billion in public funds to maintain 430 State-owned Enterprises (SOEs) in 2021....

Printing industry veteran Sathis Abeywickrama, Founder and Managing Director of Flexiprint (Pvt.) Ltd and its sister company Print USA (Pvt.) Ltd, was recognised and honoured for his dedicated....

The tourist arrivals for the first seven days of December have already crossed the 15,000 mark, indicating the revival of the hard-hit sector is on track.

The World Bank this week approved Sri Lanka’s request to access concessional financing from the International Development Association (IDA).

The offerings at the Colombo Tea Auction saw an improvement this week when compared with the last, with quantities totalling 4.96 MnKgs.

The government has announced what it describes as one of the biggest overhauls of financial regulation for more than three decades.

The National Tea Sales average for the month of November 2022 recorded Rs.1,383.05 (US $ 3.80), declining from Rs.1,483.65 (US$ 4.10) recorded in the month of October 2022.

Sri Lanka and India will come together end of December to promote tourism by launching the SiHiTa (Sinhala-Hindi-Tamil) Cultural Fest 2022.

The country’s travel and tourism sector stakeholders yesterday welcomed the move by the health authorities in removing the COVID-19 protocols for tourists as the step will help increase the appeal of the destination.

The ongoing economic crisis is continuing to make more people jobless as the dire employment situation entered the fourth quarter this year reflecting the depth and breath of the crisis which is still unfolding.

Trade unions belonging to Sri Lanka Telecom PLC yesterday staged a protest in Colombo Fort against the proposed privatisation of the company.

Sri Lanka’s banking sector will be required to strictly comply with the sustainable finance framework issued by the Central Bank (CB) next year onwards.

Commercial Credit and Finance PLC yesterday announced the appointment of Bandula Egodage as the Chairman of the company with effect from November 17, 2022.

Fitch Ratings recently affirmed Lakdhanavi Limited’s National Long-Term Rating at ‘AA-(lka)’. The Outlook is Stable.

Lebanon’s divided parliament failed to elect a new President yesterday for a ninth time, despite the damage the political deadlock is doing to efforts to bail out its bankrupt economy.

The Maldives has recorded an impressive number of international visitors entering the archipelago with tourist arrivals for the first 11 months of the year nearing 1.5 million.

The government plans to appoint a dedicated regulator for the power sector while splitting Ceylon Electricity Board (CEB) into eight separate companies in accordance with the CEB re-structuring plan approved by the Cabinet of Ministers.

As all sections of the business community are leaving no routes unexplored to ensure they stay afloat, the vulnerable small and medium enterprises (SMEs) must not be left behind, asserted President Ranil Wickremesinghe.

World Bank Vice President for South Asia Martin Raiser concluded a three-day visit to Sri Lanka today, underscoring the need for urgent action to reverse the deep crisis through long overdue reforms.

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) celebrated excellence in corporate reporting at TAGS Awards 2022, on Tuesday,

Forensic audits will be conducted into the operations of Sri Lanka Transport Board (SLTB), Railways Department (SLR) and Road Development Authority (RDA), in order to implement required administrative reforms.

Although Sri Lanka’s consumer durables retailers may be able to navigate the worst economic conditions stemming from runaway inflation and import restrictions, they could suffer between a 30-40 percent slump in their sales volumes in 2023, potentia

The Power and Energy Ministry has kicked off efforts to look at ways to reduce the operational costs of mismanaged state-owned entity, the Ceylon Electricity Board (CEB). The Power and Energy Ministry yesterday held discussions with the senior offic

With the recent expansion drive in providing innovative automated RFID solutions across a range of industries, Cenmetrix partnered with Sadaharitha Plantations to deliver a first of a kind in Sri Lanka, RFIDs to track the life cycle of a tree in thei

Abans unveils the new and improved service hub at the flagship Service Centre, Wellawatta, with real-time Google My Business assistance as part of its ongoing interactive online expansion.

Sri Lanka’s leading dental material, medical and diagnostic device supplier and dental health care provider Oram opened its new office at No: 92, Pepiliyana Road Nedimala, Dehiwala, recently.

Pelwatte, one of the leading local dairy brands in Sri Lanka that produces a range of dairy goods and saves valuable foreign exchange for the country, launched a hybrid milk collection and sales centre in Anuradhapura.