The Sri Lanka Pharmaceutical Manufacturers’ Association (SLPMA) yesterday welcomed the newly-elected government’s decision to create a new state ministry for pharmaceutical manufacturing as a crucial positive step towards the strengthening of the

A ten-acre plot of land covering the Air Force Stadium, Slave Island Police Station and Helitours Ticket Office, reserved for a mixed development project, is to be handed over to the Management Board of the Urban Development Authority (UDA).

The ongoing conflict between the USA and China could be in favour for nations such as Sri Lanka since global apparel companies are looking to expand their sourcing options, South Asia’s largest textile group and knit fabric provider, Teejay Group s

Sri Lanka has been ranked as the 23rd riskiest country for money laundering and terrorist financing, among 141 countries, according to Basel AML Index 2020.

The Angel Fund, an initiative of the Lankan Angel Network (LAN), established with the support of ecosystem development partner Ford Foundation, has begun accepting applications from early-stage startups in Sri Lanka with regional and global growth po

As the Central Bank-launched loan refinance scheme ‘Saubhagya’ nears expiration by the end of August, the Finance Ministry is gearing to introduce another refinance scheme targeted at the micro, small and medium-sized enterprises (MSMEs) starting

The Colombo Magistrate Court on Monday (10th) issued a fresh notice on Teejay Lanka PLC, one of the country’s leading textile manufacturers, to appear in court on the 19th of this month in an ongoing court case in connection to an alleged attempt t

Overseas Realty Ceylon PLC said the company hasn’t so far seen any premature lease terminations at its World Trade Centre (WTC) or cancellation of sale agreements of its Havelock City residential properties despite the pandemic depressed business a

Asset quality troubles with Sri Lanka’s non-bank lenders could go deeper with their non-performing loans (NPLs) estimated to have reached 16-18 percent by end-June as the sector is reeling from a multitude of challenges exacerbated by the pandemic-

The Sri Lanka Tourism Promotions Bureau (SLTPB) this week extended an open invitation to content creators across the country to put forward photographs and video footages of the island nation to be used in future promotional campaigns.

President Gotabaya Rajapaksa yesterday published a special gazette notification on the ministries and their specific functions. The ministers are expected to be sworn-in on Wednesday.

Close to three-quarters of Sri Lankan businesses say they might downscale utilisation of their office space during the next 12 months, since nearly 50 percent of the businesses are planning to keep all or some of their office-based staff working from

LOLC Group (LOLC), the premier blue-chip conglomerate, concluded another financial year on a high note, as per the results for the year ended March 31, 2020.

The International Chamber of Commerce Sri Lanka (ICCSL), the domestic chapter of the Paris-based International Chamber of Commerce (ICC), in a statement yesterday congratulated President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa on thei

Recognising the safety protocols introduced by the Government of Sri Lanka along with the standards mandated by the Sri Lanka Tourism Development Authority (SLTDA) to ensure the safety of domestic and international travellers,

Sri Lankan authorities were urged to devise a sustainable and practical model for operating hundreds of tourist sites before they start decaying and being inflicted with permanent damage, losing their natural or archaeological value, prior to visitor

One of Sri Lanka’s top franchise holders of global automotive brands is hopeful of a gradual softening of the current stringent import restrictions on vehicles and other automotive components including spare parts into the country towards the end o

Drawing on four generations of tea blending and tasting experience, Ahmad Tea was established in Hampshire, UK in year 1986 with a heightened passion for the finest teas produced in the world.

At Asiri Group of Hospitals, a patient’s safety has always been a top priority, based on a framework built within foundations of knowledge, advanced technology and compassion. In recognition of the Group’s continuous pursuit of safe and high qual

Now that the parliamentary elections are concluded, the focus of the new government should shift to the serious business of fixing the economy. COVID-19 has hit Sri Lanka’s economic outlook harder than expected.

We are on the threshold of yet another parliamentary election. Whoever forms the next government will have a daunting task to revive our economy, badly battered by the COVID-19 pandemic.

The Export Development Board (EDB) yesterday announced the appointment of Chitranjali Dissanayake as the new Director General (DG) with effect from August 4, 2020.

Sri Lanka’s budget deficit for the five months up to May rose as the economic shutdown triggered by the pandemic hit the tax revenues, but the government cut public investments to keep the deficit from over-stretching.

Commercial paper issuers in Sri Lanka found themselves in a fix at the height of the pandemic, as they found it difficult to find investors to roll over their debt instruments as investors had parked their funds in low-risk assets such as government

Sri Lankan SMEs have strong, newfound hope on the incoming new administration for their long overdue revival, a statement by a trade chamber representing the country’s small and medium business said.

The National Chamber of Exporters of Sri Lanka (NCE), which represents export fraternity of the country, has congratulated the newly concluded election and the great victory achieved, in the formation of a new government.

Cargills Bank Limited has deferred the timeline set for listing the company by more than a year to June 2021 as the bank doesn’t think the current atmosphere is appropriate to go public while dealing with its own issues such as higher non-performin

Deserted streets, empty restaurants, shuttered stores: London’s financial districts remain largely abandoned by workers still worried about the pandemic and reluctant to return to office life.

Sri Lanka’s official foreign reserve, often used gauge external sector strength, increased by US$ 407.4 million during the month of July, bringing the total reserves position to US$ 7.1 billion by the end of the month as the Central Bank took recei