The Cabinet of Ministers has endorsed a move by the State-run Ceylon Petroleum Corporation (CPC) to re-enter the bunkering business to supply bunker fuel to ships at competitive prices.

The Cabinet of Ministers this week approved a proposal to operate the East Container Terminal (ECT) of the Colombo Port as a wholly owned container terminal of State-run Sri Lanka Ports Authority (SLPA), shifting away from an earlier position to oper

The Cabinet of Ministers this week approved a resolution to move forward with necessary measures to conduct the Annual Summit of the Asian Development Bank (ADB) in May next year in Colombo.

In an effort to promote commercial production of maize, the Cabinet of Ministers has granted approval to lease 2,750 acres of underutilised lands identified in the Rambakenoya zone coming under Sri Lanka Mahaweli Authority to recognised local investo

The Cabinet of Ministers has approved a proposal to select an investor to manufacture 100 railway passenger coaches locally to meet the existing demand.

The borrowings by the government from the Central Bank as well as the licensed commercial banks rose again in December, after some slowdown seen in November, following the settling of a US $ 1 billion sovereign bond in October.

The Organisation of Professional Associations of Sri Lanka (OPA), the apex body of 52 professional associations in the country, covering 32 diverse professions, has requested President Gotabaya Rajapaksa in a letter to utilise local expertise and fun

Dr. Indrajit Coomaraswamy has been appointed as an Independent Non-Executive Director on the board of Dialog Axiata PLC, with effect from February 1, 2021.

BPPL Holdings PLC, Sri Lanka’s largest brush ware maker and an exporter, ploughed ahead during the three months to December 2020 (3Q21), after experiencing some setbacks from the new restrictions stemming from the second wave of COVID-19, in early

The decline observed in the credit card spend, as measured through the outstanding credit card balance, continued through November 2020, as spending options exhausted with the returning of restrictions on mobility and other leisure and entertainment

Women entrepreneurs in South Asia stressed the need for improved regional integration to support their businesses, so that the existing potential for cross-border trade can be realised in a more effective manner.

The Colombo Stock Exchange (CSE) recorded the second highest turnover yesterday in its history amid increased local investor activity, though both indices ended in red, due to price declines in several key counters.

The global pandemic has created havoc with businesses globally, with lockdowns and social distancing measures making it difficult for employees and employers to operate in a ‘business as usual’ manner. But herein lies the opportunity to reset the

To feature eminent line-up of speakers, presenters and panellists including policy makers and business leaders The Board of Investment of Sri Lanka (BOI), Colombo Stock Exchange (CSE) and Ceylon Chamber of Commerce (CCC) are set to organise a first-o

Apparel trade between Sri Lanka and China is slated to receive fresh boost with the two nations having entered into a Memorandum of Understanding (MoU) to uplift the sector that was severely impacted by the COVID-19 pandemic.

Sri Lanka’s largest mixed development, Cinnamon Life, announced another major milestone in its journey to completion with the securing of a Certificate of Conformity (COC) for the project’s office and ‘The Suites’ residential towers.

Elevated air freight rates and the gradual returning of regular trade volumes towards the end of 2020 lifted financial performance of Expolanka Holdings PLC during the three months to December 31, 2020 (3Q21), which helped the logistics behemoth to d

As Sri Lanka opens its doors to the world once again, People’s Insurance, a part of Sri Lanka’s largest financial services groups has entered into an agreement with Sri Lanka Tourism to be the exclusive insurance provider for all inbound tourists

Lanka IOC PLC’s top line languished during the three months ended December 31, 2020 (3Q21) amid new restrictions on mobility with the outbreak of COVID-19 second wave in the country in early October and other economic activities, in comparison to t

The private sector credit gained pace during December after a brief deceleration in October and November, indicating that private individuals and companies have resumed taking up loans for consumption, production and investment activities.

Consumer prices measured by the Colombo Consumer Price Index (CCPI) fell sharply in January as food and non-food prices eased with little pressure coming from supply side amid dampening impact on demand in certain sectors due to the pandemic.

2020 was a year that tested the strength of our communities and the resilience of our countries.

26 January is Australia Day, a day when Australians around the world celebrate what’s great about Australia and being Australian. It is a celebration of the many wondrous things about our country.

The Colombo Stock Exchange (CSE) took a breather yesterday with profit-taking by investors, which resulted in the benchmark index to end in red.

Fitch has revised the national long-term rating of Abans Finance PLC (AFP), a member of the Abans group, from ‘BB+(lka)’ to ‘A(lka)’, following the revision of the national long-term rating of the parent company, Abans PLC, from ‘BBB+(lka)

Having first launched on March 20, 2020, ‘Hatch Open House’, a three-month mentorship programme that connects mentors with start-up founders to provide guidance and insight to grow their start-up, successfully concluded five cohorts, despite the

Pelwatte Dairy Industries expresses its delight on the promise of the President to allocate special lands for the dairy farmers, following several issues pertaining to the lack of land for cattle grazing in the districts of Ampara and Anuradhapura.

The Trade Development Authority of Pakistan (TDAP), under the auspices of the Commerce Ministry, will launch the first-ever virtual textile-specific trade exhibition of Pakistan from February 1-5, 2021, in light of the precautionary measures undertak

Policy-makers in the European Union (EU) choose austerity and balanced budgets over lifting tens of millions of Europeans out of poverty, a UN report said yesterday.

For the Entrepreneurship and Innovation Forum of Sri Lanka Association for Software Services Companies (SLASSCOM), uplifting innovators and entrepreneurs, a prospective set of change makers, is considered a key objective in the pursuit of achieving t