Youth constitute 16 percent of the world’s population and these numbers are projected to increase to 17 percent by 2030. In addition, young people today are connected to each other like never before and are a core demographic in the using and build

The Institute of Policy Studies’ (IPS) New Thinkers Symposium saw researchers from several think tanks presenting their work on broad topics under the theme of technology and economic transformation. They highlighted the need for dynamic and innova

(Colombo) REUTERS: Sri Lankan authorities destroyed more than 767 kilogrammes of cocaine with an estimated value of more than US $ 100 million yesterday, at a special facility near the capital Colombo.

The Securities and Exchange Commission of Sri Lanka (SEC) on March 07, 2019 filed action before the Fort Magistrate’s Court against Dr. Sena Yaddehige, for dealing in the shares of Kegalle Plantations PLC (KGAL) listed on the Colombo Stock Exchange

The political leadership and Ceylon Electricity Board (CEB) are to be blamed for Sri Lanka’s current power crisis where no major power plant has been commissioned or commenced constructions since Norochch

Lakmini Wijesundera, Co-founder and CEO of IronOne Technologies and BoardPAC in Sri Lanka was chosen as the ‘SAARC Woman Entrepreneur of the Year 2018’ from a pool of exemplary women entrepreneurs in the South Asian region recently. Aspiring to c

The Finance Ministry yesterday revealed that over Rs.78.6 billion worth of loans have been disbursed under the Enterprise Sri Lanka concessionary loan programme through 46, 673 loan facilities. The programme, which is conceptualized by Finance Minist

For the first time in South Asia, Dialog Axiata PLC has successfully demonstrated a fully standard based 5G mobile service, integrating 5G network infrastructure with a mobile 5G device. Dialog leveraged its Huawei RAN and core network with the most

Basic food prices eased and non-food prices rose in March, nudging the Colombo Consumer Price Index (CCPI) up 4.3 percent during March from a year ago, from 4.0 percent in February. The CCPI is the closely watched gauge for pric

The Kottawa-Makumbura Multimodal Transport Centre – the first of its kind in Sri Lanka providing seamless access for passengers to connect among transport modes, is to be declared open tomorrow (March 31) by President Maithripala Sirisena, with the

‘Vyawasaya – 2019’ marketing and educational exhibition organized by the Small Enterprises Development (SED) division of Ministry of National Policies, Economic Affairs, Resettlement & Rehabilitation, Northern Province Development, Vocational T

(Colombo) AFP: Sri Lanka’s State energy provider sought divine intervention Thursday to break a crippling power shortage, dispatching envoys to the country’s North to offer holy water to a tree sacred to Buddhists.

REUTERS - The Sri Lankan rupee closed 0.4 percent stronger yesterday as dollar inflows from inward remittances ahead of the traditional new year celebrations helped bolster the local currency, market sources said, while stocks ended firmer. The curr

BERLIN (AFP) - Shares in tourism operator TUI plunged yesterday after it lowered its annual targets with all 15 of its Boeing 737 MAX aircraft grounded following two crashes involving the same model.

The National Chamber of Exporters (NCE), which is the only private sector chamber that exclusively serves Sri Lankan exporters, has expressed grave concern over the adverse effects the current power crisis has on the ex

(New Delhi/Colombo) REUTERS: An agreement to build a proposed US$3.85 billion oil refinery in Sri Lanka will take at least a year to be finalized as its main investor, India’s Accord Group, says it is yet to recruit partners and conduct an assessme

Hatton National Bank (HNB), which has been in existence for 130 years, marked its 50th AGM yesterday at the Colombo Stock Exchange (CSE) by opening trading with the ringing of the ceremonial bell.

Meanwhile, Sri Lanka’s Board of Investment (BOI) yesterday said all Foreign Direct Investment (FDI) brought into Sri Lanka is channeled through a proper banking system as per the foreign exchange regulations in Sri Lanka.

Sri Lanka’s Petroleum Resources Development Secretariat (PRDS) is planning to call bids for the first major licensing round early next year since 2013, for exploration and development work in the remaining blocks in Mannar and Cauvery basins after

Sri Lanka has attracted investor interest for the exploration and development work in M2 block of Mannar Basin and several blocks in the Cauvery basin. The Petroleum Resources Development Secretariat (PRDS) earlier this year called for international

Transparency International Sri Lanka (TISL) this week said the controversy surrounding the proposed US $ 3.85 billion oil refinery in Mirijjawila, Hambantota, could have a negative impact on Sri Lanka’s efforts to remove itself from

REUTERS - The Sri Lankan rupee closed stronger yesterday due to dollar inflows from inward remittances ahead of the traditional New Year celebrations, market sources said, while stocks snapped an eight-session losing streak to end higher. The curren

(San Francisco) AFP: Monsanto has been ordered to pay some US $80 million to an American retiree who blames his cancer on the agribusiness giant’s weedkiller Roundup, in a case that could influence the outcome of thousands more like it. A San Franc

The findings of a recent research carried out by a global professional body anticipate that 65 percent of today’s primary school children will engage in jobs that do not exist today and, 370 million people will need to change their present skills b

More than 500 businesses in Sri Lanka and Bangladesh are being supported to report on their sustainability impacts following the launch of new guidance. ​Global Reporting Initiative (GRI) has provided technical input to guides produced by the Dhaka

Sri Lanka has welcomed 11, 200 cruise tourists so far this year, who arrived in the island nation on six cruise ships, Sri Lanka Tourism Promotions Bureau (SLTPB) said in a statement. According to SLTPB, over the last two weeks alone, over 3000 touri

Development Strategies and International Trade Minister Malik Samarawickrama, MP Kumara Welgama and former Eastern Province Chief Minister and current National Apprentice and Industrial Training Authority Chairman Nazir Ahamed seen yesterday at the l

The Vehicle Importers Association of Lanka (VIAL) claims that several officials at Sri Lanka Customs (SLC) are attempting to jeopardise the government’s revenue target to collect Rs.48 billion as revenue from vehicle duties by arbitrarily classifyi

Hemas Pharmaceuticals and Hemas Logistics and Maritime Cluster Managing Director Kasturi Chellaraja Wilson has been recognised by Sri Lanka Parliament as a Women Change Maker in Sri Lanka in the Business Category.

SriLankan Airlines, one of the first carriers to fly to Tokyo’s Narita International Airport, is celebrating 35 years of flying to Narita by increasing its number of frequencies up to five per week, with Sri Lanka growing rapidly in popularity as a