The local trade and business landscape will see greater transparency with the implementation of a fully-fledged online payment platform for Sri Lanka Customs that will be launched tomorrow.

A proposed 4,000 acre aquaculture park in Mannar, which has received Cabinet approval and attracted plans for US$ 72 million in initial private sector investments as a part of reaching a US$ 1.5 billion target in seafood exports, is facing roadblocks

Chevron Lubricants Lanka PLC, the local unit of US-based multinational, posted a net profit of Rs.525.90 million for its second quarter ended June 30, 2017 (2Q17), recording a 34 percent decline compared to the corresponding period last year, due to&

The International Monetary Fund (IMF) yesterday said another round of interest rate hike would be “desirable” to rein in inflation and private credit as its Executive Board completed the second review of Sri Lanka’s economic perform

Every year over 2 million people make the 2,200-meter climb to the holy peak of Sri Pada and leave behind a mountain of trash. 

Sri Lanka’s unemployment rate fell to 4.1 percent in the first quarter of 2017 (1Q17) recording a three-year low, with most jobs being created in the country’s industrial sector, according to the Department of  Census and Statistics

Moody’s Investors Service put Sri Lanka’s public enterprise debt at a whopping 14 percent of gross domestic product (GDP) and warned the government of additional risks to its finances should such debt requires any state support, which is

Hotel Show Lanka 2017, the leading specialized trade show for the hotel, restaurant and food service sectors concluded its twelfth edition with a spectacular awards ceremony, highlighting significant advancement in the industry. 

The G.C.E. Ordinary Level (O-Level) exam is a watershed in education for the youth in Sri Lanka. Success at the O-Levels opens avenues for further education and better skills but this is a full stop in education for many due to poor performance. Educ

According to the quarterly career report published by everjobs.lk, the accounting and finance job category has the highest number of vacancies available, along with the highest number of applications submitted for, throughout the past three months.

This week, Sri Lanka adopted an amendment to its Fisheries and Aquatic Resources Act banning bottom trawling fishing in its waters. Those in violation of the new law will face a significant fine and the possibility of two years in prison. It is an im

An economic advisor to the Finance Ministry recently suggested that subsidized maternity leave and investments in day care centres could increase female labour force participation and persuade companies to hire more women.  

SriLankan Airlines enhanced its services for customers in China with the launch of a local direct-dial number for the airline’s customers throughout China recently, which will connect them directly with Mandarin-speaking customer service staff

Sri Lankan shares fell yesterday, after posting their highest close in more than 18 months in the previous session, as investors booked profits in blue chips. However, foreign players bought stocks on expectations of strong corporate earnings, limiti

The Director of Indo-Lanka Initiatives at the Pathfinder Foundation, Admiral Dr.Jayanath Colombage delivered a special lecture titled ‘Geo-Strategic Competition and Dynamics in the India Ocean: A south Asian Perspective’ at a conference t

SriLankan Airlines announced the launch of new services from July 16th to Coimbatore, the second largest city in India’s southern state of Tamil Nadu. 

NSBM Green University Town (NSBM) announced its formal MoU sign up with MTI Consulting for its Industry Partnership Programme. 

Sri Lanka’s one million strong Small and Medium Enterprises (SMEs) have clinched the largest international support wave in their business history thereby finally enabling them to directly link with global markets. Lankan SMEs in spices, food pr

While Sri Lanka has made considerable progress in thwarting money laundering and terrorist financing over the past two years, more needs to be done to improve the situation, Finance and Mass Media Minister Mangala Samaraweera said yesterday.

Munchee recently launched ‘Potato Cracker’ to the market as its latest innovation with a view to offer total new sensation to cracker consumers in Sri Lanka.

Pan Asia Banking Corporation PLC, Sri Lanka’s fastest growing commercial bank, last week received praise from the topmost official of the Bangladesh central bank for the foremost role the bank played in preventing in what could have been the wo

A 13-member Korean business delegation visited Sri Lanka at the invitation of Ideal Group to explore business and investment opportunities in diverse areas. 

Taco Bell, the world’s largest Mexican inspired quick service restaurant (QSR) chain opened its first restaurant in Horton Place, Colombo – 7 yesterday. 

Sri Lanka’s premier business chamber, the Ceylon Chamber of Commerce (CCC), yesterday said the new Inland Revenue Bill should ideally be implemented from April 1, next year, giving a longer transitional period for both the taxpayer and Inland R

The 19th edition of the premier international packaging exhibition in Sri Lanka will run from 27 – 29th October at the Bandaranaike Memorial International Conference Hall (BMICH).   

The Hongkong and Shanghai Banking Corporation (HSBC) has been named Asia’s Best Bank at Euromoney Awards for Excellence 2017.

Oman Air has been named as the winner of the ’Best Airline Staff Service in the Middle East’ award at the Skytrax World Airline Awards 2017 - voted for by air travellers based on their own experiences.  The award was presented at a c

REUTERS: The Sri Lankan rupee gave up early gains but ended steady yesterday as late importer dollar demand offset selling of the greenback by exporters.

Supply chain logistics company Eagle Logistics organised a day training programme with Sri Lankan Airlines for its customers last week.  

Emirates and flydubai have unveiled an extensive partnership which will see the two Dubai-based airlines join forces to offer customers unmatched travel options. Both airlines will continue to be managed independently, but will leverage each other&rs