The government continued to borrow from the Central Bank and commercial banking system through August, although the financial sector regulator managed to crush private credit and the government managed to rein in state-owned enterprise (SoE) borrowin

Sri Lanka is looking for a quick boost to its fledgling foreign currency reserves by selling some of the state-owned enterprises (SoEs) fully or partly, as the government had embarked on a structural reform agenda to relieve the country’s budget.

Vidullanka PLC this week announced the official commissioning of the Vavunathivu solar power plant by the joint venture company; Solar Universe (Pvt) Ltd.

The 40th anniversary edition of the National Information Technology Conference (NITC) organized by Computer Society of Sri Lanka (CSSL) themed “Digitally Enriching Lives”, began yesterday (12) at Shangri- La Hotel, Colombo.

Light & Shade, the leader in high-quality blinds and shades, recently opened its fourth state-of-the-art customer Experience Centre at No.170, Galle Road, Mount Lavinia. Light & Shade has Experience Centres in three key metropolises, namely, One Gall

One of Sri Lanka’s leading real estate developers, Iconic Developments, organised a Pirith Chanting ceremony followed by almsgiving to Maha Sangha on September 24. The ceremony was held to celebrate the beginning of the official handover of Iconic

In a recent meeting held with USAID officials, Ceylon Institute of Builders (CIOB) President Dr. Rohan Karunaratne stated that there is a vast quantity of unresolved disputes in the Sri Lankan construction industry.

Alumex, Sri Lanka’s largest fully integrated aluminium profile manufacturer and a member of the Hayleys Group, launched its online portal – www.alumexstore.com for aluminium products and equipment for both residential and commercial applications

Uniquely located in the heart of the Central Business District, the World Trade Center Colombo celebrates 25 successful years, continuing to mark its presence as the city’s most iconic commercial landmark and sought-after business address.

A total of 16 land plots will be allocated for 16 investors under a long-term lease basis for a period of 35 years, the government said.

The regulations under the Import and Export Control Act will be submitted for parliament approval in due course after Cabinet ....

The Sri Lanka delegation that is currently in Washington D.C met with a senior official of the International Monetary Fund (IMF) to discuss ....

The Central Bank of Sri Lanka (CBSL) yesterday saw the addition of a new Deputy Governor with K.M.A.N. Daulagala appointed....

Renewable energy producer WindForce PLC marks yet another milestone with the opening of 10MW agrovoltaic plant, the Solar .....

Pushing back on the claims that higher rates cause the government to foot an enormously high interest bill on the borrowings it makes....

The ASPI closed in red as a result of price losses in counters such as Expolanka Holdings, Hayleys and Vallibel One with the turnover....

Astron Limited was awarded the ISO 14001 certification (International Standard of ‘Environmental Management System’) by the Sri Lanka....

Asia’s first carbon neutral pest control company Exterminators PLC stated that it was successful in obtaining the globally recognised....

Sri Lanka’s capital market quiz, CSE Masterminds, is back for its fourth edition on November 3, 2022, from 4:00 p.m. onwards....

As part of its drive towards digitalisation for enhanced productivity, efficiency and sustainability, Hela Apparel Holdings completed ....

As Sri Lanka begins the monumental task of laying the groundwork for economic revival, Sri Lanka Economic Summit....

Sri Lanka’s apparel sector is currently witnessing a significant decline in orders, a pattern which the industry fears may continue....

The crew and passengers of Russia’s flag carrier Aeroflot received a grand ceremonial welcome at Bandaranaike International Airport yesterday, as it ended a four-month-long suspension of its service to Sri Lanka.

Sri Lanka welcomed 11,093 tourists for the first nine days of October, showing a slight improvement in the rate of arrivals compared with the month of September.

Sri Lanka and Japan entered into an agreement yesterday on the Joint Crediting Mechanism (JCM) for Low Carbon Growth Partnership.

World Bank (WB) President David Malpass and International Monetary Fund (IMF) Managing Director Kristalina Georgieva yesterday warned of a growing risk of global recession and said inflation remained a continuing problem after Russia’s invasion of

Sri Lanka’s usable foreign exchange reserves, which stood just above zero levels for most of this year, causing the current economic meltdown, have shown semblance of rebuilding, as September reserves edged up a little, due to continuous contractio

A public interest litigation filed seeking an order directing the authorities to disclose the details of the agreements entered with the International Monetary Fund (IMF) to Parliament was yesterday fixed for support by the Supreme Court.

A new Banking Act and a new Monetary Law Act, which govern the activities of the Central Bank, are currently under works.

The travel and tour operators in India have pledged support to help Sri Lanka tourism move towards the positive growth trajectory and affirmed it would actively promote the island nation across all states.