Ambassador of Republic of Korea Santhush Woonjin Jeong said the newly introduced relaxed visa regulations by Sri Lanka would help to attract more Korean investors to Sri Lanka.

The United Nations (UN) in Sri Lanka and government partners yesterday inked the Sustainable Development Cooperation Framework for the island nation for the next five years.

The Saudi economy is expected to grow 7.6 percent this year, up from 3.2 percent in 2021, on the back of soaring oil revenues, the International Monetary Fund (IMF) said yesterday.

With the Public Utilities Commission of Sri Lanka (PUCSL) granting permission to the Ceylon Electricity Board (CEB) to increase the power tariffs, the off-peak and daytime tariff applicable to industries has increased exponentially.

The recently released 2Q data of the House Price Index of LankaPropertyWeb revealed that the overall selling prices of apartments increased by 45.17 percent when compared to 2Q of 2021.

As Sri Lankan students studying overseas are struggling to find their tuition fees amid the on-going forex crisis in the country, the government....

The Central Bank yesterday said it has lifted the mandatory requirement to convert services export proceeds that are received in Sri Lanka on or after August 12, 2022.

Scientific research ship ‘Yuan Wang 5’ of the People’s Republic of China, docked at the Hambantota International Port (HIP) at 07:50 hours....

Minister of Power and Energy, Kanchana Wijesekera and U.S. Ambassador to Sri Lanka, Julie Chung yesterday attended a signing....

The state-run investment promotion agency, the Board of Investment (BOI) said it has to-date achieved 58 percent of the investment....

Monopoly cigarette player Ceylon Tobacco PLC recorded higher top line growth for the quarter ended June 30, 2022 (2Q22), which the company....

Indices closed in red as a result of price losses in counters such as Commercial Bank, Hayleys and LOLC Holdings....

Hela Apparel Holdings PLC reported strong financial performance for the quarter ended on June 30, 2022 (1Q23), partly due....

In a climate of unprecedented economic challenges, restructuring of businesses, from public enterprises to SMEs is critical, said the leadership....

The Sri Lanka Association for Software Services Companies (SLASSCOM) appointed new office bearers for 2022/23, at the Annual ....

CFA Institute has announced that the membership dues for its members in Sri Lanka will be waived for the year from July 01....

La Serena, Sri Lanka’s first-ever retirement resort for senior citizens, is harnessing the power of the sun -- an ample resource at its beachfront....

Sysco LABS associates have triumphed in multiple competitions held globally and in Sri Lanka. Adding to the company’s....

DIMO, a leading diversified conglomerate in Sri Lanka, was recently honoured with the coveted ISO 45001:2018 certification by Det Norske....

Franklin Training, an online learning platform that provides world-class learning solutions, fulfilling its corporate and social responsibility....

The SLASSCOM yesterday welcomed the move by the Central Bank to exempt the IT-BPM services export sector from the mandatory conversion of export earnings.

Backed by its dollar-generating export businesses, Hayleys PLC, controlled by business magnate and the current Member of Parliament Dhammika Perera, saw its net profits surging nearly 400 percent for the quarter ended on June 30, 2022 (1Q23), the int

Diversified conglomerate Softlogic Holding PLC recorded a net loss for the June quarter (1Q23) amid higher finance costs but the group was able to sustain its operational performance despite the unprecedented economic crisis the country is going thro

National Development Bank PLC (NDB) recorded lower profits for the quarter ended on June 30, 2022 (2Q22), in line with its other banking peers, amid a massive rise in provisions against possible bad loans and foreign currency-denominated government s

Global ratings agency S&P Global yesterday downgraded its rating on Sri Lankan bonds to ‘D’, representing default, following missed interest and principal payments, Reuters reported.

Commercia Bank of Ceylon PLC, the largest private lender in the country in terms of assets, recorded subdued performance for the quarter ended on June 30, 2022 (2Q22), amid a massive expansion in provisions against the possible bad loans and other lo

A veteran in the field of aviation, P.A. Jayakantha has been appointed as the new Director General of Civil Aviation and Chief Executive Officer of the Civil Aviation Authority of Sri Lanka (CAASL).

Sunshine Healthcare has appointed T. Sayandhan as the Chief Executive Officer of Lina Manufacturing, the pharmaceutical manufacturing segment of the diversified company.

Ken Vijayakumar, who is currently holding the position of Deputy General Manager – Human Resources, Administration, Purchasing and Sustainability at A. Baur & Company (Pvt.) Ltd was elected as President of CIPM Sri Lanka, at its Annual General Meet

Spectrum Brands Singapore Pte Ltd has appointed Abans PLC as the exclusive distributor for Russell Hobbs in Sri Lanka on 3rd August 2022.