The credit to the private sector continued to contract for the second consecutive month, as sky-high interest rates pushed the potential borrowers to the sidelines while the banks effectively closed their lending spigots, except for their most prime

Ceylinco Life has entered into an exciting partnership with Kings Hospital (Private) Ltd, one of the newest and most modern private hospitals in Sri Lanka, through a major equity investment, thereby significantly enlarging the company’s footprint i

Although Sri Lanka may have to consider restructuring its domestic debt in the upcoming debt restructuring negotiations, the government is urged to do its utmost to dissuade the external creditors from such a counterproductive exercise that exacerbat

The change in card balances through the end of July provided a sneak peak view of the large-scale pullback on consumer spending....

The Federation of Information Technology Industry Sri Lanka (FITIS) yesterday cautioned that there is a serious danger of technological platforms in the country breaking down due to the government’s import ban on IT devices and peripherals due to t

State- revenue reached pre-pandemic levels in the first five months of the year by recording 17.5 percent year-on-year (YoY) growth in the period, according to the Central Bank data.

Prime Minister Dinesh Gunawardena has highlighted the need to have a safety net to protect economically-vulnerable groups....

Sri Lanka has received proposals from a total of 24 companies to engage in the petroleum business in the island nation, Power and...

Condominium developers are struggling to move forward with their operations as they have become victims of ‘inflation of greed’, industry....

99x, a leading Sri Lankan technology company, has been ranked amongst the top 100 Sri Lankan corporates by LMD....

Heralded as a first-of-its kind event for the Sri Lankan plantations industry and local corporates, Hayleys Plantations hosted....

Reiterating its leadership in bringing the latest technological advancements to Sri Lanka, SLT-Mobitel recently held an event at its One Galle....

Lanka IOC, Sri Lanka’s No. 1 listed energy company, joined hands with the prestigious Stafford Group, for the supply of co-branded SERVO....

Marking a new chapter in financial and non-financial reporting, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) last....

In its publication in June 2022, titled ‘Global Economic Prospects’, the World Bank Group highlights effects of inflation, rising commodity...

The Global Lifestyle Lanka, the largest direct selling company in Sri Lanka, said that all local producers now can sell their locally manufactured products and services through its direct selling platform

The Asian Development Bank (ADB) halted funding for the Rooftop Solar Power Generation Project in Sri Lanka, which was aimed at increasing solar power generation and fast-tracking the implementation of the government’s Battle for Solar Energy progr

The United Kingdom and Norway have joined the bandwagon in relaxing the travel advisory to Sri Lanka, which would encourage more of its citizens to visit the destination in the upcoming winter season.

The Lanka Hospitals Corporation PLC posted a profit after tax (PAT) of Rs.2.7 billion for the six months ending on June 30, 2022, further consolidating its strong balance sheet.

In an effort to improve the inflow of workers’ remittances into the national economy, the Central Bank of Sri Lanka (CBSL) yesterday joined hands with the Sri Lanka Bureau of Foreign Employment (SLBFE) to popularise the LankaRemit mobile applicatio

Amidst the current Sri Lankan context, the Asia-Pacific Alliance for Disaster Management Sri Lanka (A-PAD SL) is gearing up to host its annual international symposium next week, where it will focus on finding solutions to help overcome the crisis sit

The offerings at the Colombo Tea Auction contracted further this week, recording the lowest volumes since the final sale of April 2020.

Japan has expressed keenness in organising a Sri Lanka creditors’ conference, an effort taken to help ease out the island nation’s debt crisis.

The International Monetary Fund (IMF) has requested further details from the Sri Lankan government, so that it can have better insights into the ongoing economic revival efforts, before a decision is made on rolling out the bailout funding.

The government of Switzerland announced this week the relaxation of the travel advice to Sri Lanka, a move that could help the island nation welcome more visitors from that country for the upcoming winter season.​​

Prime Minister Dinesh Gunawardena has requested Daraz Group CEO Bjarke Mikkelson to expand the Saubhagya Production Bureau and Saubhagya Production Villages through Daraz Connect, which is being carried out in partnership with the Divisional Secretar

Marking milestone in the local pharmaceutical industry, Hemas Group subsidiary Morison Ltd recently commenced manufacturing of Bisoprolol tablets B.P. 5mg 250s, Ros-10 (Rosuvastatin tablets I.P. 10mg 30s blister),and ChlorMor (Chlorphenamine tablets

The Ministry of Power and Energy yesterday said that the Ceylon Petroleum Corporation (CPC) will not distribute fuel for businesses which have no approval and do not comply with the guidelines.

The exports of chicken and eggs from Sri Lanka, for which substantial investments have been pumped in by industry stakeholders, are expected to crumble in the near term as farmers are unable to even meet the high cost of production due to the recentl

Prime Minister Dinesh Gunawardena this week called on relevant authorities to step up efforts in rural economic revitalisation and accelerate the setting up of a food security programme.