Colombo-based Fly Lankan Asia (Pvt.) Ltd has requested permission from authorities to operate domestic and international flights carrying passengers as well as cargo and mail services.

The government is planning to hand over the lands belonging to loss-making plantation companies to tea smallholders as a pilot project, a statement by the President’s Media Division said.

The fast-moving consumer goods (FMCG) manufacturers in the country at the outset have endorsed the government’s decision to ban single-use sachets, an effort towards conserving the environment but stressed the need for an all-inclusive approach, on

Sri Lanka experienced the highest cryptocurrency mining encounters across the region last year, according to the Asia Pacific finding from the latest edition of Microsoft’s Security Endpoint Threat Report 2019.

Sri Lanka’s gem and jewellery industry yesterday welcomed President Gotabaya Rajapaksa’s decision to remove 15 percent import duty on gold and 14 percent income tax on the profits of gem and jewellery manufacturers, enabling the industry to becom

Instead of passively waiting for foreign investors to come, the stockbrokers at the Colombo bourse have been asked to proactively engage local investors, as there is a huge potential for share valuations to increase in the near future.

India’s Ajay Piramal Group has begun making offers to sell its glass business, which will include the Sri Lankan operations under Piramal Glass Ceylon PLC, according to multiple Indian news reports.

HCL Technologies (HCL), a leading global technology company, yesterday announced the official opening of its Global Development Centre in Colombo.

Lanka Ashok Leyland PLC said it has adequate vehicle stocks to continue to serve the market and also to meet any sudden uptick in demand in the near term, as the government keeps a lid on vehicle imports to preserve foreign exchange and also to buy s

Instead of passively waiting for foreign investors to come, the stockbrokers at the Colombo bourse have been asked to proactively engage local investors as there is huge potential for share valuations to increase in the near future.

Mother Truong Thi Sau was born in 1942, like many rural women, she was unable to go to school, due to the agricultural work for her family. Sooner after her marriage, her husband decided to become a monk, the burden of raising the children was put o

With Yala paddy harvesting season slowly coming to an end, paddy farmers in Padaviya are seen drying their paddy harvest on the road. Based on the cultivated extent of paddy lands as at end-May, the Agriculture Department has said Yala harvest is exp

Cumulative earnings of Sri Lanka’s non-bank finance sector have turned sour during the second quarter of this year, plunging sector earnings into negative territory, and the data available since 2013 does not indicate such trying conditions ever fa

The Central Bank is looking at employing new methodologies or updating the existing ones, which will contain the ability to capture economic activities that shifted online including working-from-home, as concerns were raised over how the economy reco

Sri Lanka’s Human Resource (HR) fraternity saw the addition of a localised publication with eminent lawyer and author Franklyn Amerasinghe having launched last week his latest book, ‘Business Oriented People Management’.

BPPL Holdings PLC, Sri Lanka’s largest brush-ware maker and exporter, has decided to pull out from the highly competitive Indonesian market after about four years since it entered the burgeoning Southeast Asian country with its own brand as the com

CEAT Kelani Holdings has announced an 85 percent increase in the production of tyres for the ‘two-wheeler’ segment over just three months, as a full-bodied response to the needs of the local market consequent to the temporary import restrictions

Eden Hotel Lanka PLC, a unit of LOLC Group, is to raise Rs.4.2 billion fresh equity through a rights issue to rectify a serious capital loss, as the equity of the hotel company has eroded to less than 50 percent of its stated capital.

Sri Lanka’s willingness to lend, which recorded a continuous decline in every quarter since fourth quarter of 2018 has staged a substantial rebound in the second quarter this year with expectations for further desire to lend in the third quarter—

Big oil producers are pinning their future growth on the world’s insatiable appetite for plastic, researchers said yesterday, in a “bet” on society’s failure to tackle disposable consumption that risks stranding billions of dollars in petroc

In an unprecedented feat among the titans of the hospitality industry in Sri Lanka, all three properties owned and operated by Citrus Leisure PLC secured three international travel accolades. Citrus Waskaduwa, Citrus Hikkaduwa, The Steuart by Citrus

Malaysia has dropped criminal charges against Goldman Sachs over its role in the 1MDB scandal, a lawyer for the bank said yesterday.

President Gotabaya Rajapaksa recently reviewed future stages of the programme to provide clean drinking water to all households for all 24-hours of the day, before the end of 2025.

The COVID-19 crisis will dramatically increase the poverty rate for women and widen the gap between men and women who live in poverty, according to new data released by UN Women and the United Nations Development Programme (UNDP).

Amazon will create 7,000 permanent jobs in the UK by the end of the year, the US e-commerce giant announced Thursday as the coronavirus pandemic fuels online shopping while hurting bricks-and- mortar businesses.

Asian markets fell deep into negative territory yesterday following painfully deep losses on Wall Street, where the tech sector finally succumbed to profit-taking after months of mind-boggling gains.

Sri Lanka - Germany Business Council of the Ceylon Chamber of Commerce organised a Breakfast Meeting at Kingsbury hotel yesterday with State Minister Ajith Nivard Cabraal for its members to obtain an overview of the financial and economic policies of

State Minister of Finance, Capital Market Development and Public Enterprise Reforms Ajith Nivard Cabraal yesterday told Sri Lanka’s capital market officials to think “out of the box” to develop the island nation’s capital market.

Sri Lanka’s total outstanding public debt has risen by little over a trillion rupees during the first six months of 2020 as the government ramped up borrowing to fend off the effects of coronavirus on the economy.

The government has decided to increase the cultivation of maize to make up for the imports, as feed millers and poultry producers remain hamstrung by the import ban in place on the key poultry feed since the beginning of this year. To this effect, t