The tourist arrivals to the country for the first three weeks of August have crossed the 30,000 mark.

The visiting International Monetary Fund (IMF) officials yesterday met with President Ranil Wickremesinghe. The IMF team is in Colombo with the objective of making the talks between Sri Lanka and the multilateral lender progress towards a staff-leve

The Cabinet nod has been granted to award the proposed solar power project at Sri Lanka Broadcasting Corporation’s (SLBC) Short Wave Transmission Centre, located in Kuchchaveli, to 3W Power Management Ltd.

Commercial Bank of Ceylon PLC yesterday disclosed the plans to raise up to Rs.10 billion via a listed debenture issue.

The Treasury bill yields rose across all maturities at yesterday’s auction, with the short-term tenure bill yields rising the most amid speculation that the country’s rupee debt will also be restructured along with the dollar-denominated debt.

With the state institutions increasingly falling victims of cyberattacks and data breaches, the Cabinet of Ministers this week approved to implement an information and cybersecurity policy,

Triggering fears on potential countervailing duties (CVD) on steel nail exports from Sri Lanka, the U.S. Department of Commerce (DoC) has determined that certain steel nail exports from Sri Lanka have been unduly benefiting from the countervailable s

On a quest to celebrate the finest brands in Sri Lanka, Sri Lanka Institute of Marketing (SLIM) announces the launch of the 21st edition of the SLIM Brand Excellence Awards 2022.

Rex Industries, a leading mechanical design and engineering solutions company in the country, has been able to double its capacity and increase the overall revenue by three times while introducing novel machinery to Sri Lanka’s agriculture sector t

Hayleys Travels, the travel and leisure arm of blue-chip conglomerate Hayleys PLC, has renewed its partnership with the Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka).

The Engineering division of SriLankan Airlines continues its winning streak with yet another C-Check for a customer airline.

The government will amend the rules to allow State Timber Corporation (STC) engage in export activities in collaboration with the private sector.

The government targets to contain the fiscal deficit to 6.8 percent of the gross domestic product (GDP) in 2023, from the projected 9.9 percent this year, through a series of tax increases and austerity measures, including restructuring of the state-

Central Bank Governor Dr. Nandalal Weerasinghe expressed confidence of disbursement of funds by the International Monetary....

Kapurka Holdings PLC yesterday said it has scrapped plans to set up a used goods market place, as the project has become....

India’s Adani Group yesterday said its media unit AMG Media Networks Limited would buy a majority stake in New Delhi Television....

State-owned Sri Lanka Insurance Corporation (SLIC) has posted a record pre-tax profit of Rs.7.7 billion for the first half of 2022, becoming...

The ASPI closed in red as a result of price losses in counters such as LOLC Holdings, John Keells Holdings and Sri Lanka Telecom....

Sri Lanka has long been admired by development economists, international financial institutions, public intellectuals....

The United Nations Development Programme (UNDP) in Sri Lanka recently launched a facility to enable interested private sector....

The court was yesterday informed that the complainant party is expecting to file an amended plaint against the former Central Bank....

The government targets to contain the fiscal deficit to 6.8 percent of the gross domestic product (GDP) in 2023, from the projected....

The new data published by the World Federation of Exchanges (WFE), the global industry group for exchanges and central clearing counterparties, lays bare the full economic impact of the Ukraine war upon a global economy still trying to recover from t

The Chinese-funded Colombo Lotus Tower, which has repeatedly come under much criticism for being non-operational for a long period since completion of its construction, has received positive responses from potential investors to set up ventures, a se

The government will make direct cash transfers as an incentive to those vulnerable parties affected by the record kerosene price hike.

Kalubowitiyana Tea Factory Ltd (KTFL), a fully government-owned public company, has recorded a net profit of Rs.222 million on a revenue of Rs.583 million for the first quarter of 2022, according to a press release issued by the company.

Headline inflation, as measured by the year-on-year (YoY) change in the National Consumer Price Index (NCPI), increased to 66.7 percent in July 2022, from 58.9 percent in June 2022.

The export revenue of Sri Lanka’s apparel sector for the first seven months of the year crossed the US $ 3 billion mark, with July recording a positive performance, which affirms the industry’s ability to sustain resilience. According to the prov

Fuelled by the sharp depreciation of the rupee, Sri Lanka’s foreign debt portion has gone up to 47 percent of the total outstanding government debt by end-April this year, from 37 percent at the end of last year, according to PublicFinance.lk, a pl

Ceylinco Insurance was placed in the 11th position amongst the nation’s Most Respected and Admired Corporates for the year 2022....