Sri Lanka needs to transition from a system dominated by ministerial discretion to a rule-based administration, to create an investment-friendly climate and promote a thriving private sector, Sri Lanka’s State-Owned Enterprises Restructuring Unit (

East West Properties PLC, whose majority shareholder is Nahil Wijesuriya, announced that its board of directors has decided to initiate the delisting of the company’s shares from the Colombo Stock Exchange (CSE), subject to obtaining the necessary

As the global regulations tighten and consumer demand for eco-friendly products grows, complying with the sustainability standards is becoming a major challenge and opportunity for the corporates in the country, according to DIMO Chief Financial Offi

The Board of Investment (BOI) Sri Lanka recently joined a global pledge initiated by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and Foreign Direct Investment (FDI) Centre to promote gender equity among the FDI-

Offering a sneak peek view of the consumer markets in the foregoing quarter, Ceylon Cold Stores PLC reported better top and bottom lines, which showed signs of continued recovery in consumer spending.

Indices closed in red as a result of price losses in counters such as Hatton National Bank, Sampath Bank and Hayleys with the turnover crossing Rs. 376 Mn. High net worth and institutional investor participation was noted in Hayleys Fabric and Lanka

The secondary market yield curve remained broadly unchanged during the day amidst toned-down market activities.

The Commercial Bank of Ceylon has become the first Sri Lankan bank to be a signatory to the Partnership for Carbon Accounting Financials (PCAF), a global initiative that enables signatories to measure and disclose the greenhouse gas (GHG) emissions a

ALFT Packaging showcased the potential of Modern Flexo recently at Drupa 2024 held in Germany, the world’s largest trade fair for the printingand packaging industry and its technologies.

Maharaja Foods Limited marked a significant milestone on July 26, becoming the first woman-owned enterprise in the agribusiness sector with roots in the Northern Province, to list its shares on the Empower Board of the Colombo Stock Exchange (CSE).

Kitchen & Bedroom recently unveiled its new logo, resonating with minimalism, functionality and renewed luxury that one would expect in their living spaces.

The Import Section of the Ceylon Chamber of Commerce successfully conducted its 89th Annual General Meeting at the Shangri-La Hotel Colombo recently, with the State Minister of Financer Shehan Semasinghe in attendance as the Chief Guest.

In a strategic move towards advancing digital payment solutions in Sri Lanka, WEBXPAY welcomes Thilak Piyadigama as its new Executive Chairman.

Virtusa Corporation, a global provider of digital strategy, digital engineering, and IT services and solutions, recently announced it has been named by The Consulting Report as one of The Top 50 Consulting Firms of 2024.

Public sector workers’ pensions are paid by tax revenue, with12% of government revenue allocated for pensions.

Driven by a passion for crafting inspirational journeys and a commitment to personalized excellence, Acorn Prime Destinations caters to a diverse range of travellers, from thrill-seeking adventurers to luxury aficionados, couples, families, eco-touri

Exterminators PLC, Asia’s 1st public listed great place to work and Asia’s 1st carbon neutral pest control company, is proud to introduce the Practika LED insect light trap in collaboration with Pelsis-UK Limited and Sentario UK Limited.

Sri Lanka is experiencing a substantial financial drain with millions being spent on palm oil imports, industry stakeholders said while calling for reevaluation on the ban on palm oil to address this issue.

Grey market products have long been a contentious issue, enticing consumers with seemingly lower prices. However, beneath the surface, these unauthorised imports bring a myriad of economic and consumer safety concerns that far outweigh their initial

The Board of Investment (BOI) Sri Lanka recently joined a global pledge initiated by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the Foreign Direct Investment (FDI) Center to promote gender equity among FDI-

The government will announce its stance on relaxing the import of vehicles by August, Finance State Minister Shehan Semasinghe said.

​The Central Bank last week said it does not want to intervene in setting the interest rates, and will leave them to market forces.

Sri Lanka is confident that the tourism industry will surpass the 2018 peak if the current momentum in tourist arrivals earnings continue, authorities said.

Associations representing the formal sector of the tourism industry have filed a Fundamental Rights Petition in the Supreme Court challenging the new tourist visa process that was introduced without any forewarning in April 2024.

Earnings from the apparel sector in June expanded 4 percent Year-on-Year (YoY), a move towards the growth trajectory after witnessing a contraction for two consecutive months.

Creating a symphony in every glass, a competitor in action at the Hotel Show Colombo 2024

Sri Lanka’s real estate and construction sectors are recovering strongly, but a leading real estate developer cautioned that a toxic mix of inconsistent policies is making the sector increasingly uncompetitive globally, despite its significant fore

Kicking off the much anticipated banking sector earnings for the June quarter, Pan Asia Banking Corporation PLC (PABC) led the pack by reporting mostly stable performance for the quarter despite some softening in the amount of loans it extended in th

Sri Lanka has a significantly high potential and a comparatively higher advantage to tap into the emerging US$5 trillion green business market in Asia, according to Dilmah Tea Chairman Dilhan Fernando.

A high-level delegation from CPA Australia, including board members and representatives from international markets, recently concluded a successful visit to Sri Lanka.