As Sri Lanka is gearing up to witness the establishment of an industrial zone dedicated to pharmaceutical manufacturing, the Board of Investment (BOI) expressed confidence in the sector paving the way for export earnings to leapfrog in the near futur

Defying the odds, Bank of Ceylon (BOC) registered a growth of 25 percent in its loan book in the nine months to September— most in the recent past— reflecting that the bank has been witnessing pandemic-fuelled growth sparked by low interest rates

Hot on the heels of selling an equity-like bond to raise Rs.5.0 billion a few months ago, Bank of Ceylon (BOC) once again is offering a similar featured bond to raise another Rs.10.0 billion to bolster its capital.

The Ministry of Agriculture has agreed to provide 5,000 acres of State land to Avant Agro (Pvt) Ltd., a subsidiary of Avant Garde Maritime Services (Pvt) Ltd headed by Major (Retd) Nissanka Senadhipathi, to cultivate maize, a statement issued to medi

Two transshipment feeder vessels, which were idling at the Colombo Port anchorage for approximately seven days due to increased congestion, called at the Hambantota International Port (HIP) last week.

Rigid Tyre Corporation (Pvt) Ltd built with an investment of US$ 250 million is slated for opening in mid-January 2021.

The Central Bank on Saturday said one of its employees tested positive for COVID-19 on November 19.

The Central Bank yesterday said one of its employees tested positive for COVID-19 on November 19.

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) organised the Annual Budget Seminar on November 19th which brought together a host of eminent speakers and panelists who shared their insights on the government’s National Budget fo

Two recent surveys released by Facebook revealed how both Small and Medium Businesses (SMBs), as well as consumers in Sri Lanka, have increased their use of digital tools and social media since the COVID-19 outbreak.

As from today (November 21), travellers from Sri Lanka will no longer be required to self-isolate on arrival in England, Wales and Northern Ireland.

The President of the European Commission Ursula von der Leyen said yesterday there had been better progress in recent talks on a post-Brexit trade deal, but more work is needed.

General Motors said Thursday it will boost investment in electric and autonomous vehicle technology by US$ 7 billion through mid-decade as it accelerates a technology race with Tesla and other automakers.

Qatar has marketed its opulent skyscraper hotels as jewels in its World Cup 2022 crown, but coronavirus curbs and a glut in new properties are jeopardising the industry.

The airline industry holds its annual gathering by video conference next week under the shadow of the COVID-19 pandemic that has plunged the sector into a crisis that may yet claim more carriers.

Asian and European markets were mixed yesterday as traders were caught between long-term optimism over a virus vaccine and the immediate horror of surging virus infections and deaths across the world.

Saudi Arabia announced it will invest US$ 20 billion in artificial intelligence projects by 2030, as the oil-rich country seeks to diversify its economy amid slumping crude prices.

The British High Commission in Colombo announced today that from 21 November, travellers from Sri Lanka would not be required to self-isolate on arrival in England, Wales and Northern Ireland.

Sri Lanka is experiencing a second wave of the COVID-19 pandemic and cities and urban centres have become the hotspots of vulnerability. With their relatively favourable economic conditions and extensive transport networks, cities attract migrants fr

The Export Development Board (EDB) is pleased to see an export-focused budget, which will support strong export growth, led by investment, value addition and maximising our Sri Lankan natural resources. This is a pivotal change in Sri Lanka’s growt

Shandong Haohua Tire Co. Ltd, a leading Chinese tyre manufacturer, is slated to invest US$ 300 million to set up a tyre manufacturing plant in Sri Lanka to cater to the export market.

Pawning or gold-backed loans offered by commercial banks have increased by only Rs.30 billion from Rs.211 billion to Rs.241 billion through the January-September period contrary to reports that this loan stock has soared over Rs.600 billion.

The Colombo Stock Exchange (CSE) yesterday witnessed net foreign buying may be after at least a couple of months, although the market indices closed in the negative territory.

The Sri Lanka Automotive Component Manufacturers’ Association (SLACMA) yesterday welcomed the Budget 2021 describing it as a ‘new era for local automotive component manufacturers’.

Laxapana Batteries PLC yesterday announced plans to raise Rs.540 million via a rights issue to fund its plans to enter the country’s growing renewable energy sector within next 18 months.

Sri Lanka’s largest locally owned cement manufacturer, Tokyo Cement PLC yesterday revealed plans to expand its capacity by one million metric tonnes per year at an investment of US$ 12 million.

The European Union (EU) yesterday expressed its displeasure over Sri Lanka continuing to impose restrictions on imports stressing that trade is “not a one-way street”.

Amid noise over the lack of additional revenue streams and the debates over the continuation of the stimulus path kick started end of last year, a deeper look at the Budget 2021 reflects that it doesn’t promote fiscal profligacy and has allocated m

Shandong Haohua Tire Co. Ltd, a leading Chinese tyre manufacturer, is slated to invest US $ 300 million to set up a tyre manufacturing plant in Hambantota to cater to the export market,

The European Union (EU) today expressed its displeasure in Sri Lanka continuing to impose restrictions on imports stating that trade is “not a one-way street”.