United Tractor and Equipment (Pvt.) Limited (UTE) commenced retail distribution of CAT Lubricants, adding further value to its 75-year relationship with the Caterpillar (CAT) Tractor Company.

With the aim of facilitating continuous learning across the organisation and inspiring a new generation of future-ready engineers, Sysco LABS Sri Lanka recently launched Project Summit, a programme developed to encourage future engineering leaders.

Showcasing the extent the Board of Investment (BOI) is expanding its projects, Stylish Garments (Pvt.) Ltd unveiled its sixth BOI-approved factory in Ambalangoda, which manufactures children’s wear jerseys, including school uniforms, targeting only

Supporting citizens navigate the challenges faced by the ongoing fuel crisis, Aventage Labs, part of St. Anthony’s Industries Group, has launched a timely and value-driven project through the launch of the Aventage Carpool app, to support the publi

Investment Promotion Minister Dhammika Perera yesterday charged that Prime Minister Ranil Wickremesinghe has no solid plan to pull the country out from the ongoing crisis, therefore is unfit to continue to hold the post of the Finance Minister.

As a short-term solution to ammonium nitrate explosives shortage in the construction industry and other related industries, the government has approved a new mechanism to import such explosives under the Defence Ministry, with the support of the priv

Several Fundamental Rights (FR) petitions filed seeking an order to take legal action against those responsible for financial irregularities and mismanagement of the economy are to be heard on July 27 before a Supreme Court’s fuller bench.

The government seeks competitive bids from investors to set up an aviation training academy at Batticaloa International Airport.

The travel advisories against visiting Sri Lanka, which were slightly relaxed just weeks ago, are now back and they could further hurt the already struggling tourism sector.

Sri Lanka will hold road shows in five key Indian cities to attract more visitors from its populous northern neighbour in a bid to bring more foreign currency into the crisis-hit island, Tourism Minister said yesterday.

Meanwhile during his statement, Wickremesinghe presented some shocking forecasts for the Sri Lanka as he estimated the economy to shrink by 20 percent in the two years through 2023 to US$ 76 billion from its peak level of US$ 94 billion reached in 20

Analysts are betting on another bumper rate hike at the next monetary policy review announcement due tomorrow morning.

The Cabinet greenlighted a proposal to streamline the country’s casino industry in order to recover tax dues owed by casino operators and to bring in legislative amendments to give effect to proposed tax increases.

The Cabinet nod has been granted to distribute 20 million litres of fuel required to farmers to harvest paddy cultivations in the on-going Yala season on priority basis.

The government has decided to write-off unpaid agricultural loans worth Rs.1.24 billion given to small-scale paddy farmers through State-owned banks in order to ensure access to credit facilities in the upcoming Maha cultivation season.

The Cabinet nod was granted this week to establish a divisional office of China-led Asian Infrastructure Investment Bank (AIIB) under the Ministry of Finance, Economic Stability and National Policies.

The first instalment of the one-off surcharge tax gave some boost to government revenues in the four months through April 2022, but the recurrent expenditure continued to exceed revenues reflecting one of the perennial macro-economic imbalances, whic

Some licensed banks have been compelled to price their deposits on a weekly basis looking at the direction of how the Treasury bill yields move at the weekly auctions as the yields and rates have become extremely volatile amid the deepening economic

The Securities and Exchange Commission of Sri Lanka (SEC), the securities market regulator, has prepared rules pertaining to market institutions, market intermediaries and a Code for Collective Investment Schemes, following the enactment of the new S

In order to address the industry’s needs for skilled and competent workers, the Vocational Training Authority (VTA) and Hatch MakerStudio have joined forces to pilot an innovative apprenticeship programme.

The ninth annual CFA Capital Market Awards, organised by the CFA Society Sri Lanka, was held recently at Cinnamon Grand Colombo, recognising and rewarding excellence in the local capital markets, with this year’s event focusing on the theme ‘Bloc

With an out of work husband, housewife Sujeewa Nelum Perera is all too familiar with the struggle of feeding a family of four in Sri Lanka and has been forced to cut down on the number of meals they consume amid record high food prices.

India is trying to “address volatility” in the Indian rupee that has tumbled to record lows against the dollar in recent weeks, a government official said yesterday, amid concerns of widening trade deficit and sell off by foreign investors.

The 93rd Annual General Meeting (AGM) of the Employers’ Federation of Ceylon (EFC) was held on June 29, 2022.

From a US $ 360 million project to expand Zambia’s international airport in Lusaka to a US $ 1.4 billion city port in Sri Lanka’s capital of Colombo, China is the missing piece in the puzzle of a number of debt talks underway in developing market

Tourist arrivals to the Maldives in June surged 97 percent to 110,889 from a year ago, though the June arrival number was slightly lower than the 125,522 arrivals a month ago.

Tourist arrivals to Sri Lanka for the month of June totalled 32,856, recording a marginal increase when compared with the previous month.

The Securities and Exchange Commission of Sri Lanka (SEC), the Colombo Stock Exchange (CSE) and the CFA Society Sri Lanka (CFASSL) have entered into a Memorandum of Understanding (MoU) to further strengthen Environmental, Social, and Governance (ESG)

Focusing on the upcoming Annual Export Awards, the National Chamber of Exporters of Sri Lanka officially launched the award application, opening up the gateway for exporters to apply.

CIPM Sri Lanka recently held its 2021 Graduation Ceremony at the BMICH, where 818 successful students received their graduation certificates.