Aitken Spence Hotels’ premier all-inclusive resort in the Maldives, Heritance Aarah, received the rare honour of being listed a BBC Travel Partner; the first resort in the Maldives to receive the recognition.

Local motorcar dealers, whose business has taken a hit due to the ban imposed on vehicle imports, asserted that the government’s decision to allow permit holders to purchase unregistered vehicles using the concession is impractical and unjust. Shar

Continuing its descent further, Sri Lanka’s prime lending rate logged a sharp 32 basis points (bps) fall last week, bringing the popular benchmark rate used in pricing loans mainly for big and mid-sized corporates close to its all-time lows in over

Singer, Sri Lanka’s premier consumer durables retailer, has partnered with Signature Group, Malaysia’s largest kitchen cabinet and wardrobe manufacturer.

President Gotabaya Rajapaksa will chair a high-powered ministerial committee consisting of both Cabinet and State Ministers, whose task is to promote investments for import substitution and exports in line with President’s ‘Saubhagya Dakma’ ele

A survey carried out by SriLankan Airlines among its loyal customers has revealed that 44 percent of the respondents believe that it would be safe to fly within three months in the current context, despite COVID-19 pandemic has not shown any signs of

Colombo Port City builder, China Harbour Engineering Company (CHEC), yesterday affirmed that Sri Lanka’s upcoming mega project would not be hindered by the United States (US) blacklisting 24 Chinese state-owned companies, including the ultimate pa

Softlogic Life Insurance PLC, a unit of Softlogic Holdings PLC and the country’s third largest life insurer, yesterday said it finalised two landmark deals to the tune of US $ 30 million (Rs.5.6 billion).

CIMA, the world’s leading and largest professional accountancy body, yesterday launched ‘Hundred & 10%’, CIMA Sri Lanka’s first-ever virtual career festival.

The government is planning to increase the export earnings of coconut up to US $ 1 billion during the next five years, Plantations Minister Ramesh Pathirana said yesterday.

Sri Lanka’s insurance regulator has suspended dividend payments to the shareholders of insurance companies to minimise any potential near-term impact on insurers’ capital levels due to disruptions to their business by way of loss of premium incom

Australia tumbled into its first recession for almost three decades with its pandemic-crippled economy shrinking a record 7 percent in the second quarter, official data shows.

Leading turmeric importers in the country in a letter addressed to President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa had requested their assistance in releasing one million kilogramme of turmeric already imported to the country and ly

Softlogic Life Insurance PLC, a unit of Softlogic Holdings PLC and the country’s third largest life insurer said, it finalised two landmark deals to the tune of US $ 30 million (Rs.5.6bn) .

Sri Lanka’s export promotion agency, the Export Development Board (EDB) announced it has joined hands with the Foreign Ministry to boost the nation’s export revenue and mitigate the negative impact of the COVID-19 pandemic on the industry.

It is unlikely that Sri Lanka would roll back some of the controls in place on the import of food items even though their prices have risen in recent times such as in the case of turmeric as the government appears to remain firm on re-building the ru

India’s economic growth suffered a historic 23.9 percent decline between April and June, official figures showed Monday, as manufacturing and productivity were battered by a strict coronavirus lockdown.

Canada-based Ceylon Graphite Corp., which is involved in the exploration and production of graphite in historic resource jurisdictions in Sri Lanka plans to invest US$ 6.2 million to develop new sites and start upgrading its natural graphite.

Manufacturers and exporters of rubber products in Sri Lanka charge that mafia middlemen are trying to artificially manipulate raw rubber prices by hoarding stocks and lobbying the government to control imports, so that their stocks could be sold at h

Cargills (Ceylon) PLC has announced the appointment of Asite Talwatte as an Independent Non-Executive Director of the Company with effect from August 28.

The National Chamber of Exporters (NCE) being a strong advocate for sustainable and ethical trading practices, which also includes ensuring employee safety of exporting industries, safety of the clients and continuous hygienic practices, is of the vi

Italy posted a record economic contraction yesterday as household spending and investment crashed during the country’s coronavirus lockdown, driving the eurozone’s third-largest economy deep into recession.

Trade Minister Bandula Gunawardena declared that it is only through increasing exports the Sri Lankan economy, which has been challenged by foreign debt servicing, can be salvaged in order to realise a better future for the country’s next generatio

Taxi hailing app, Uber launched in Colombo its new package delivery service ‘Uber Connect,’ which will allow residents of Colombo to send and receive parcels within city limits.

State enterprise facilitation agency, National Enterprise Development Authority (NEDA) affirmed its commitment to take the newly launched Ceylon Artisan Network (CAN) Market across the island so that budding entrepreneurs are able to effectively laun

Aligning with the vision and the imperatives set out by the Presidential Task Force for Economic Revival and Poverty Eradication, Fonterra Brands Lanka is accelerating its export efforts of value-added dairy.

For a record 15th year, John Keells Holdings PLC (JKH) was ranked as the Most Respected entity in Sri Lanka in the recently released edition of LMD’s Most Respected Entities issue.

Consumer prices in the mostly urban Colombo district decelerated in August from July as non-food prices eased, while the prices of the food basket continued its ascent.

State Minister Ajith Nivard Cabraal received a delegation led by Hanaa Singer, Resident Coordinator, UN Sri Lanka at the Finance Ministry yesterday. State Secretary R.M.A Rathnayake also participated in the meeting.

Taxi hailing App, Uber launched in Colombo today its new package delivery service ‘Uber Connect,’ which will allow residents of Colombo to send and receive parcels within city limits.