Dialog Axiata PLC, Sri Lanka’s market leader in mobile telephony services, saw its June quarter (2Q22) and first half (1H22) profitability impacted by massive forex losses and escalation of costs, though at top line level the group made significant

The Cabinet nod has been granted to amend Shop and Office Employees (Regulation of Employment and Remuneration) Act No.19 of 1954, to remove the archaic restrictive legal provisions on night work for women.

Targeting employment opportunities in Japan, Sri Lanka will begin to teach Japanese and English languages at school level, under the technical subject stream.

As the three-wheeler passengers face unfair and exorbitant fares, the government is looking to expedite plans to regulate the three-wheeler passenger transport service under the National Transport Commission (NTC).

The government yesterday said it would amend the country’s Motor Traffic Act to allow electric three-wheelers to be registered.

The Sri Lanka Telecom group posted a stable growth for the first half of 2022, with revenues increasing by 6 percent to Rs.52.9 billion and a 19.8 percent increase in profit before tax at Rs.7.2 billion against the same period last year, showcasing r

The Industrial Association of Sri Lanka (IASL), part of the Ceylon Chamber of Commerce and the apex body for representing industries and manufacturing companies in Sri Lanka, held its 31st Annual General Meeting (AGM) recently as a virtual meeting an

A fleet of four electric three-wheelers powered by solar energy was deployed for use of the visitors of the BMICH.

Faizal Salieh was unanimously re-elected as Chairman of the Sri Lanka Institute of Directors (SLID) for the year 2022/23, at the SLID’s Annual General Meeting held recently.

Tokyo Cement Group (Tokyo Cement) reported its financial performance for the first quarter ending on June 30, 2022, with a turnover of Rs.16,307 million, reflecting a year-on-year (YoY) growth of 53 percent.

In an effort to deliver life-saving healthcare to more than two million women and girls in Sri Lanka over the next six months, the United Nations Population Fund (UNFPA) has launched an appeal for US $ 10.7 million to cater to the vulnerable groups.

With the prevailing deep economic and political crisis in the country driving the demand for foreign employments to unprecedented levels, the government expects the official outward labour migration to reach a new all-time high of 330,000 this year.

Lanka IOC PLC, the smaller and private sector player in Sri Lanka’s fuel supply duopoly, said it has received the approval from the Sri Lankan government to open 50 new fuel stations in the country.

Commercial Bank of Ceylon has launched a ground-breaking certificate course in SME skill development exclusively for women entrepreneurs, in collaboration with the Postgraduate Institute of Management (PIM) affiliated with the University of Sri Jayew

The State Mortgage and Investment Bank (SMIB) yesterday announced the appointment of experienced banker Thushara Asuramanna as the new CEO, with effect from July 1, 2022.

IFC yesterday announced the appointment of Ruth Horowitz as Regional Vice President for Asia and the Pacific – covering both South and East Asia as well as the Pacific.

Sri Lanka’s archaic labour laws make the challenge of pulling more workers into the formal workforce even harder, which has resulted in many opting to remain in the informal sector, a labour law expert opined.

Strengthening trade relations with the world is essential for countries to fulfil their economic aspirations, however, efforts will have to be made by individual countries to strengthen ties as within the South Asian region and trade integration will

Sinopec, the biggest petrochemical company in China, is likely to enter Sri Lankan market for fuel importing, distribution and selling petroleum products, informed sources said.

The Institute of Certified Management Accountants of Sri Lanka (CMA) stated that the accounting professional can aid in costing the products and services in the electricity industry so that the country’s energy needs are met efficiently.

Diversified conglomerate Sunshine Holdings PLC continued to demonstrate resilience amidst prevailing macro-economic conditions, reporting an impressive topline and bottom line growth for the quarter ended June 30, 2022 (1Q23).

Sri Lanka’s self-developed poultry and dairy industries are on the verge of collapse amid rising input costs and shortages of animal and veterinary medicines along with the fuel shortage and rupee liquidity issues in the banking sector, raising con

The Finance Ministry has lifted the import ban on the popular weedicide glyphosate with effect from August 5 while allowing glyphosate imports into the country subject to import control license requirement.

The Tourism Ministry announced the appointment of a 22-member committee to provide expert advice in helping the crisis-struck industry to move towards a path of revival.

Tourism along with foreign remittances offers Sri Lanka the fastest, most impactful way to scale up the country’s foreign currency reserves. To enable this, Sri Lanka tourism needs to make some tough and radical strategic choices.

The Institute of Certified Management Accountants of Sri Lanka (CMA) has invited all the Sri Lankan business institutions, including all public quoted companies, state-owned enterprises, private and small and medium enterprises, to apply for the CMA

In a bold move to further improve the standards of the maritime and shipping industry in Sri Lanka, Lanka Association of Ship Owners (LASO) has signed an MoU with YoungShip Sri Lanka.

People’s Merchant Finance PLC (PMF) announced the appointment of Terrance Kumara as Deputy Chief Executive Officer of the company, with effect from June 15, 2022.

The Hambantota International Port (HIP) completed yet another event on its CSR calendar, with the distribution of essential household items and food to the Samurdhi recipients in the Hambantota district.

Tourism along with foreign remittances offers Sri Lanka the fastest, most impactful way to scale up the country’s foreign currency reserves. To enable this, Sri Lanka tourism needs to make some tough....