The maximum retail price (MRP) imposed by the authorities on eggs is likely to cause an egg shortage in the market, according....

Browns Group subsidiary, Browns Fabric Limited is to invest US$ 52.3 million to set up a weft knit fabric production facility in Wayamba....

UK-based Kavida AI announced recently its plans to invest US$ 500,000 in Sri Lanka, to support the local apparel sector via forums and leverage its capabilities in artificial intelligence (AI).

International Monetary Fund (IMF) during the weekend said adequate assurance from Sri Lanka’s creditors is required that debt sustainability....

With non-performing loans (NPLs) rising to 8 percent, the Central Bank (CB) has initiated individual-level discussions....

Unilever Sri Lanka has been ranked as the Number 1 Most Respected FMCG company in the country in LMD’s Most Respected....

The Power and Energy Ministry conveyed its appreciation to the country’s leading technology entities, Dialog Axiata PLC, MillenniumIT....

After taking Pan Asia Bank towards the pinnacle of the banking sector as The Truly Sri Lankan Bank, its CEO Nimal Tillekeratne....

HNB Assurance PLC (HNBA) and its fully-owned subsidiary HNB General Insurance Limited (HNBGI) recorded a gross written premium....

Softlogic Invest, the asset management arm of the Softlogic group, recently marked the second year of operations in the unit trust....

HNB SOLO partnered with Lanka Hospitals to offer LANKAQR payment solutions, enabling access to timely medical assistance....

Commercial Bank of Ceylon has scaled new heights in digital innovation, becoming the first bank in Sri Lanka to take banking....

The Insurance Regulatory Commission of Sri Lanka (IRCSL), in line with its regulatory obligations, is committed to ensure that policyholders....

The Central Bank (CB) has requested the Finance Ministry to completely ban imports under open account payment terms while stressing that the banking sector has sufficient foreign exchange to finance essential imports.

The Colombo district saw its Land Value Indicator (LVI) increase to 186.9 during the first half of 2022.

The Power and Energy Ministry yesterday inked an official agreement with the development partners of the National Fuel Pass QR system

In an effort to increase the market share in the United States, Sri Lankan apparel exporters are currently promoting the industry’s manufacturing excellence at the Magic Sourcing Exhibition in Las Vegas, USA.

Japan’s young adults are a sober bunch - something authorities are hoping to change with a new campaign. The younger generation drinks less alcohol than their parents - a move that has hit taxes from beverages like sake (rice wine).

This week’s offerings at the Colombo Tea Auction were marginally low when compared with the quantities of last week.

The tea exports for the month of July saw a decrease of 7.8 MnKgs when compared with the corresponding month of the previous year.

A clinical research on plasma cell myeloma (PCM) carried out by a group of Sri Lankan doctors has been accepted and published by the prestigious American Society of Clinical Oncology journal.

The Colombo bourse yesterday reached a key milestone, the completion of the third phase of digitalisation, an effort that has allowed a wider audience to take part in the activities of the capital market.

Hyundai Motor Company, the world’s sixth largest automobile manufacturer and a leader in future mobility has entered into an agreement with Sri Lanka’s Abans Auto, authorizing the reputed local automotive retailer to assemble and manufacture Hyun

Central Bank (CB) expects the government’s appetite for monetary financing, which is loosely known as money printing to reduce significantly in the period ahead as a result of fiscal consolidation measures alongside with the planned reforms in stat

IT companies catering exclusively to the domestic market are struggling to recruit and retain talent as workers are actively switching to entities that have salaries pegged to the US dollar or other foreign currencies.

Revising earlier projected 7.5 percent economic contraction for the year, the Central Bank (CB) fears that the economy could shrink by over 8 percent this year mainly due to the lasting impact of supply side disruptions and uncertainties associated w

INSEE recently began construction of its US$ 3 million mega capacity warehouse within the industrial park in Hambantota International Port (HIP).

The Central Bank (CB) yesterday claimed that banks had bloated inward worker remittance figures for years due to lapses in classifying such inflows from other remittance categories.

The Central Bank yesterday said the amnesty period to deposit/sell foreign currency in the hands of the public has been extended by the Finance Ministry by a month effective from August 15, 2022.

The government of France yesterday relaxed the travel advisory to Sri Lanka, from recommending ‘only essential travel’ to ‘exercise caution’.