Unilever Sri Lanka recently joined forces with the ‘Manudam Mehewara’ multi-corporation humanitarian alliance initiated by Dialog Axiata PLC, MAS Holdings, Hemas Holdings PLC, execution partner Sarvodaya Shramadana Movement and independent audito

Workplace violence and harassment have resulted in Sri Lankan companies to lose productive working hours per employee in addition to being financially taxed, a survey by the International Finance Corporation (IFC) revealed.

As more developing nations are turning towards the International Monetary Fund (IMF) to brave through the current challenging economic conditions, the agency’s chief pointed out that the support would be expedited if three basic requirements are fu

In a move to formalise and regularise the country’s casino industry, the government has published new rules to issue casino licenses upto 20-years along with a regulatory framework, which is expected to officially allow John Keells Holdings’ (JKH

Sri Lanka’s manufacturing and services activities made gains in the month of August compared to July, which was marked by unprecedented social upheaval, where a sitting president was forced to flee the country and resign in exile.

The continued dollar rally on the back of the fast rise in interest rates in the United States and the investors’ search for safe havens are creating fresh risks to the emerging markets and more so for Sri Lanka, which is scrambling to collect doll

Chartered Accountants PricewaterhouseCoopers (PwC) has resigned as the auditors of On’ally Holdings PLC yesterday.

With John Keells (JKH) Group gaining the spotlight following the government’s decision to issue new casino licenses under a new process, the All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) yesterday reclaimed the psychological 10,0

The current stresses to the banking sector coming from the prevailing economic crisis could delay further progress on shifting to the final BASEL III standards on minimum capital, but their use of standardised approach to credit risk would limit any

Hayleys Agriculture Holdings Ltd., the country’s leading agricultural machinery and equipment supplier, has carved out a name for bringing the world’s best agri machinery and equipment to Sri Lanka.

Colombo International Container Terminals (CICT) has been crowned the Best Container Terminal in Asia in the Under 4 million TEUs category for the sixth consecutive year, in just seven full years since it commenced full operations in mid-2014.

Pradeep Amirthanayagam has been appointed as the Independent Non-Executive Chairman of the People’s Leasing and Finance PLC with effect from 12 September.

Sri Lanka Institute of Marketing launched the 21st Edition of the SLIM Brand Excellence Awards 2022 on August 22nd 2022, on a quest to celebrate brands that have kept their growth strategy alive despite challenging circumstances.

Despite severe drawbacks to the country’s economy and the business environment, MMBL-Pathfinder Group’s joint venture portfolio is expected to reach foreign exchange earnings of US$ 200 million in 2022. As of end August, this figure stood at US$

3W Group (the Third Wave Group) celebrated its 25th anniversary recently in a simple yet moving ceremony in its headquarters in Colombo 4.

Jay Jay Mills Lanka (Pvt) Ltd has undertaken the first project at the dedicated textile manufacturing zone in Eravur, Batticaloa with the construction of a state-of-the art facility with an earmarked investment of US$ 35 million.

Foxconn and Vedanta have announced US $ 19.5 billionn (£16.9) to build one of the first chipmaking factories in India.

The Cabinet has cleared a proposal to repurpose US $ 100 million project financing granted by China-led Asian Infrastructure Investment Bank (AIIB) to procure essential medicines and medical supplies amid the acute foreign exchange shortage faced by

The food security assessment carried out by the FAO and WFP revealed that approximately 8.7 million of Sri Lankans (39.1 percent) are not consuming an adequate diet.

An increasing number of households are using a variety of strategies to cope with the reduced access to and availability of food resulting from the current economic crisis,

Dialog Axiata PLC is set to invest US $ 112.8 million to expand its existing business through network expansion. A supplementary agreement in this regard was recently signed between Dialog Axiata and the Board of Investment (BOI).

The banks are seen becoming more creative these days, offering some deposit products with unconventional tenures as they try to court customers, if otherwise would invest directly in Treasury bills.

The Central Bank managed to successfully raise Rs.80 billion from the weekly bill auction held yesterday, with yields coming off from the recent highs reached two weeks ago, due to the heightened concerns over the possibility of a likely restructurin

The government this week decided to appoint a Cabinet sub-committee chaired by President Ranil Wickremesinghe on economic growth and recovery.

The government is reviewing the suspended imports list every fortnight to lessen the impact on industries, a Cabinet Minister said.

Qatar Airways Group is looking to onboard a significant number of new employees from Sri Lanka to support its global operations....

The government plans to gradually curtail rice imports following a modest harvest expected in the Yala season. “We expect a.....

The controversial Social Security Contribution (SSC) levy came into effect this week with 2.5 percent slapped on turnover on a wider .....

The week following Sri Lanka firming up the staff level agreement with the International Monetary Fund (IMF) saw foreigners inject....

The People’s Bank has acquired mortgaged properties worth over Rs. 600 million in settlement of debt availed by CML MTD....