The Board of Investment (BOI) enterprises accounted for US $ 6.6 billion of merchandise exports during the January-September period, up 16 percent compared to the corresponding period of 2021, the apex investment promotion agency said.

Synopsys Lanka (Pvt) Ltd., a fully-owned subsidiary of the US-based Synopsys Incorporated, which has been at Orion City since 2019 is now expanding its workforce to over 180 employees, thus becoming the latest organisation to expand its business with

TikTok is continuing its efforts towards family safety with its unique Family Pairing feature, which allows parents and teens to customize their safety settings based on individual needs.

In keeping with the Group’s vision for expansion and diversification, with the acquisition of Udupussellawa Plantations PLC and Hapugastenne Plantations PLC from Finlays in December 2021, Browns Plantations has evolved into a leading plantation com

In an effort to increase the tourist traffic to Sri Lanka for the upcoming winter season, the Sri Lanka Tourism Alliance (SLTA) has launched a promotional campaign to promote the island nation.

Stasshani Jayawardena was recently appointed as a Board Director to Melstacorp PLC and Distilleries Company of Sri Lanka PLC (DCSL).

The Colombo Stock Exchange (CSE) yesterday closed trading prematurely with the S&P SL20 index breaching the 5 percent decline threshold amid profit taking and falling freight rates and crude oil prices.

In what could be a rare bright spot emerging from an otherwise gloomy external sector, foreigners have continued their purchasing of rupee treasuries, stretching the streak into its fifth....

UK Prime Minister Liz Truss yesterday conceded she should have better prepared Britain for her recent debt-fuelled mini-budget slashing taxes, which sparked market turmoil, dismal headlines....

Given the on-going forex crisis in the country with no significant bridge financing linedup for the next few months, the Central Bank (CB) has urged the tea exporters to convince buyers to repatriate export...

Sri Lanka’s average bank lending rates more than tripled in the shortest period of time in its history after the Central Bank tightened its monetary policy the most to fend off runaway prices caused by the worst....

Banks refrained from loaning money to private creditors for the fourth consecutive month in August after the economic crisis triggered in March started showing sharp cracks in their asset quality after large....

The Securities and Exchange Commission (SEC) has undertaken enforcement actions against market misconduct involving some high-profile investors and an investment advisor. The capital market....

South Asia Gateway Terminals (Pvt.) Ltd (SAGT), Sri Lanka’s first public-private partnership (PPP) container terminal, was recognised as the Most Progressive Port/Terminal Towards Sustainability 2022, at the Global....

DIMO, a leading diversified conglomerate in Sri Lanka, through its marine engineering arm DIMO Marine Solutions, has now expanded its services for the local fisheries sector by establishing a state-of....

Hambantota International Port Group (HIPG) won double recognition at the Global Port Forum Dubai, being named Multipurpose Port/Terminal of the Year 2022 and Port Infrastructure Development....

In a bold move to further improve the standards of the maritime and shipping industry in Sri Lanka, the Sri Lanka Ship Suppliers Association (SLSSA) has signed a key initiative with YoungShip....

Enhancing convenience for Sri Lankan expatriates with the assurance of highest possible benefit for the hard-earned money from overseas assignments they are engaged with, Bank of Ceylon (BOC) offers an array...

People’s Bank’s ‘People’s Remittance Vaasi Kotiyai, Bonanza’ selected its June month’s millionaire winner recently. The lucky winner was I.R. Madusanka Jayaweera....

Connecting local SMEs to new e-commerce markets and buyers, Sri Lanka’s most digitally innovative bank HNB PLC partnered with SLT-MOBITEL to offer SMEs free access to the new online trading....

DFCC Bank, Sri Lanka’s pioneer in financing renewable energy, has joined hands with the recently established National Innovation Agency (NIA), which was enacted by the parliamentary Act No. 22 of 2019, to promote....

Sri Lanka is expected to witness an increase in demand for beer going forward, as the high cost of living coupled with soaring inflation makes it a more affordable option, Fitch Ratings said.

The exaggerated negative portrayal of the current situation in Sri Lanka is taxing the hard-hit tourism sector, making it increasingly difficult to move towards the path of revival.

The government revenue in 2021 was only 41 percent of its expenditure, which was inadequate to cover even its recurrent expenditure, an analysis of the public finance data by Verite Research revealed.

Sri Lanka getting about ‘business as usual’ will only produce the same results, which is an area the crisis-hit nation must try its best to steer away from, a senior economist cautioned.

The overall quantity at the Colombo Tea Auction declined from the previous week and totalled 4.87 MnKgs.

The Foreign Affairs Ministry has partnered with eChannelling, the channelling arm of SLT-MOBITEL, to offer digitised reservations for document attestation, an effort to offer improved efficiency and enhanced convenience for Sri Lankans.

Amid ill-slighted policy decisions, Sri Lanka’s privately-owned renewable energy Industry is seeing a total collapse within the next few months, as it is set to face increased losses from state-owned Ceylon Electricity Board (CEB), clearing the way

People’s Bank was once again bestowed Two (2) Gold Awards at the International ARC Awards 2022, held in New York, United States for its 2021 Annual Report titled ‘Multifaceted Brilliance.’

As Sri Lanka tourism strives to recover from the triple whammy since 2019, industry veteran Hiran Cooray stressed the need for the government to step up its efforts in providing confidence for the sector to move forward.