Stax, the global management consultancy with a strong presence in Sri Lanka, announced the launch of Stax Academy, the firm’s learning platform for upskilling future business leaders to take on the challenges of the global economy.

Details of a disinformation campaign to discredit the government making allegations of demanding a bribe from a Japanese company engaged in the construction work of the Bandaranaike International Airport (BIA) expansion project have been revealed.

According to the World Bank, Sri Lanka has achieved the highest access to electricity of 100 percent along with Bhutan and Maldives in the South Asian region by 2020. Access to electricity is 99 per cent in India, 96.2 in Bangladesh and 75.4 in Pakis

Sri Lanka welcomed 28,733 tourists for the first 19 days of July, bringing the total number of international visitors entering the country for the year starting January 01 to 440,110.

Chinese President Xi Jinping offered Sri Lanka’s new president his support yesterday, state broadcaster CCTV reported, as the Indian Ocean island grapples with its worst economic crisis in decades.

Oil prices fell yesterday on a weakening global demand outlook and the resumption of some Libyan crude oil output.

A total of 5.4 MnKgs came under the hammer at the Colombo Tea Auction this week, which had a good demand in the backdrop of declining auction quantities.

Sri Lanka’s tea production in June contracted, with the output totalling 20.15 MnKgs. The June production is a 5.29 MnKg dip when compared with the corresponding month of the previous year, where the output was of 26.07 MnKgs.

In an effort to increase the participation of women in the national economy and explore the avenues to improve their contribution to the development of the country, the Women’s Chamber of Industry and Commerce (WCIC) rolled out a study to shed ligh

While congratulating the newly appointed President Ranil Wickremesinghe, the Ceylon Chamber of Commerce yesterday renewed its call for a “multi-party administration acceptable to all sections of the public including those who have been demanding a

The Asian Development Bank (ADB) yesterday slashed its growth forecasts for developing Asia for this year and next, reflecting the economic fallout from Russia’s war in Ukraine and aggressive tightening by global central banks to tame inflation.

The country’s export community yesterday said they are expecting a series of changes for the better in the business environment and are anticipating economic stability under the leadership of newly elected President Ranil Wickremesinghe.

The Colombo Rubber Auction saw steady demand for all grades of rubber in June. however, brokers said a drastic drop was evident in rubber quantities throughout the month.

New Sri Lankan President Ranil Wickremesinghe will appoint an ally of the ousted Rajapaksa dynasty as Prime Minister, four sources said yesterday, a day after urging unity to find a way out of the country’s worst economic crisis in decades.

Tourism sector stakeholders welcomed the decision by the Central Bank (CBSL) to urge banks to extend the debt moratorium to all businesses and individuals hit from the ongoing economic crisis that emerged even before the implications stemming from th

Sri Lanka’s red-hot inflation firmed up in June as the country’s broader measure of consumer prices climbed 58.9 percent from a year ago, accelerating from 45.3 percent in May.

One of the many aspiring goals of Sri Lankan leaders has been to transform the country into ‘the Maritime and Shipping Hub of Asia’ by utilising its strategic location in the Indian Ocean.

Sri Lanka Insurance has declared the largest life insurance bonus ever to be declared in the country, amounting to a staggering Rs.9.8 billion for the year 2021, to its life insurance policyholders.

Air India is moving towards a decision on a US $ 50 billion jet order under new owners Tata Group to be split between Airbus and Boeing but the deal will not come in time to galvanise a relatively quiet Farnborough Airshow, industry sources said.

The International Monetary Fund (IMF) hopes to complete rescue talks with Sri Lanka “as quickly as possible”, Managing Director Kristalina Georgieva had told Nikkei Asia, yesterday.

Lanka Ashok Leyland PLC managed to escape the prevailing ban on vehicle imports, as it had received a special approval from the government to bring down trucks in semi-knocked down status, which could power its local assembly plant, helping the compa

As part of its objective to support and facilitate commerce and trade between Sri Lanka and Europe, the European Chamber of Commerce of Sri Lanka (ECCSL) has entered into a partnership with the largest regional chamber in the UK, the Greater Manchest

British annual inflation surged to a new 40-year high in June on rising motor fuel and food prices, official data showed yesterday, adding to a cost-of-living crisis.

The Treasury bill yields edged lower yesterday after three weeks of climbing but ended way above when the current ascent in the short-term bills began on June 29, in response to the rising funding needs of the government amid the tightening liquidity

Oil rose slightly yesterday, paring earlier losses and after soaring by more than US$ 5 barrel in the previous session, amid concerns about tight supply.

India is willing to make more investments in neighbouring Sri Lanka after supporting it with US$ 3.8 billion this year, New Delhi’s envoy in Colombo told the Indian Express newspaper.

As the June quarter earnings season is slowly getting underway, Keells Food Products PLC (KFP) reported some solid top and bottom line performances, offering some key insights into the cost inflation, which is seeping across food supply chains and ho

ICRA Lanka cautioned that the capital reprieve afforded to banks by allowing them to draw down from additional capital buffers could make such buffers thin,

Expolanka Holdings PLC recently divested its Pulsar Shipping Agencies Ltd. and Pulsar Marine Services Ltd. for Rs.1.34 billion to DP Logistics Ltd. of David Pieris Group.