The leading plantations company Elpitiya Plantations celebrated its 25th anniversary by recognising its employees at a recently held event at Cinnamon Lakeside Colombo. The event was graced....

The Sri Lankan Chapter of the Entrepreneur’s Organisation (EO), the world’s largest peer-to-peer network of entrepreneurs, is inviting young Sri Lankan entrepreneurs to seize the opportunity to enhance....

It is high time that Sri Lanka started debating whether the tertiary education must be charged and should the private sector be allowed to get engaged more actively in this sector,

As Sri Lanka is pressed to make hard decisions and has no room for any mistakes, the island nation should ideally take a fresh look at three main dimensions of its economic recovery, National Institution for Transforming India (NITI) CEO Parameswaran

The Sri Lankan government remains steadfast in achieving microeconomic stability and debt sustainability, Finance State Minister Shehan Semasinghe told an international forum yesterday, indicating the island nation is on track to come out of the ongo

When Nepalese billionaire Binod Chaudhary first made a significant investment in 2001 in the iconic Taj Samudra Colombo, through a joint venture with Indian Hotels Corporation Limited (IHCL), it was in the middle of Sri Lanka’s debilitating war.

The Board of Investment of Sri Lanka (BOI) has attracted foreign direct investment (FDI) of US $ 713 million in the first nine months of 2022, the state-run investment promotion body said in a statement yesterday.

The United States yesterday officially handed over 9,300 tonnes of urea fertiliser to the Agriculture Ministry to distribute to more than 193,000 smallholder paddy farmers in the Jaffna, Mullaitivu, Mannar, Vavuniya, Anuradhapura, Trincomalee, Battic

Ghana offered investors a domestic debt swap yesterday to ease a crunch in payments as the government negotiates an International Monetary Fund (IMF) bailout during its worse economic crisis in decades.

The country’s construction sector has recommended to the government to issue them with treasury bills in lieu of their dues if no cash is available. The government....

State revenues received a tailwind from the recently introduced tax hikes and inflation that climbed to 70 percent levels helping the government to control the unrestrained budget deficit, which has been....

The Central Bank of Sri Lanka (CBSL) recently said that it was awaiting the Reserve Bank of India’s (RBI) approval to classify the Indian rupee (INR) as a designated foreign currency in Sri Lanka.

Outstanding credit card balance has dipped by a little in October in a dual sign that banks may be tightening their credit card standards while consumers are also pulling back on their spending without....

As Sri Lanka is currently witnessing a long awaited revival in its thrice-battered tourism industry, the country saw the earnings from the trade surpassing US$ 100 million in November after languishing for months....

Putting equal onus on rich global north and developing global south, the Paris Club creditor nations are proposing a 10-year moratorium on Sri Lankan debt and another 15 years of debt restructuring....

The Central Bank last week issued a fresh set of guidelines to the country’s Licensed Finance Companies (LFCs) on sustainable finance activities as part of the broader transition towards embracing.....

The real estate unit of Indian billionaire Gautam Adani’s Adani Enterprises has won the right to redevelop India’s largest slum, Mumbai’s Dharavi neighbourhood, with a 50 billion rupee (US$ 612 million) bid....

Baby Cheramy, the most loved baby care brand in Sri Lanka, recently launched the Baby Cheramy Safety Institute, with the aim of uplifting safety standards and innovating best quality....

98 Acres Resort & Spa, a subsidiary of U.H.E. Group, was recently awarded as the Number 1 Luxury Mountain Resort in Asia, at the recently held 16th World Luxury Hotel Awards (2022) in Antalya....

Intrepid Travel, the world’s largest adventure travel company and a leader in responsible small group adventures, recently announced the appointment of Anu (Anuruddha) Karunatilaka as its new Chief Technology...

The winners of the 29th Campaign Asia Pacific’s Agency of the Year Awards were announced in Mumbai recently and Ogilvy Group Sri Lanka continued its winning streak at the highly respected awards....

Cinnamon Air, Sri Lanka’s premier domestic airline, has resumed daily scheduled flights after a temporary suspension during the COVID-19 pandemic.

Fitch Ratings yesterday downgraded Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CC’, from ‘CCC’, citing probable risks pertaining to restructuring of domestic debt.

The Tourism Ministry announced this week an ambitious target of luring 1.5 million international visitors to the country and fetching an income amounting to US $ 5 billion in 2023.

The French Development Agency (AFD) signed a grant agreement worth 450,000 euros with the Ceylon Electricity Board (CEB) and Electricité de France (French electric utility) to support the increasing share of intermittent renewable energies in Sri La

International Monetary Fund (IMF) Managing Director Kristalina Georgieva has flagged rising inflationary pressures and China’s economic slowdown as risks to Asia’s economic outlook, calling on policymakers to rebuild their buffers against future

Exterminators PLC, Sri Lanka’s premier pest management and environmental technology company, yesterday transferred its shares to the Diri Savi Board of the Colombo Stock Exchange (CSE).

The offerings at the Colombo Tea Auction continued to record a further decline. This week’s auction quantities totalled 4.2 MnKgs, of which Ex-Estate offerings comprised of 0.6 MnKgs. The offerings met with good demand.

State Minister of Finance Ranjith Siyambalapitiya has ordered the Commissioner General of Inland Revenue (IRD) to submit a report on the department’s failure to collect Rs.773.96 billion in taxes, penalties and interest.