Orion Development has signed US $ 1.78 million agreement with the Board of Investment (BOI) for the expansion of its IT Park, Orion City.

Sri Lanka is all set to triple the investment target set for 2024, State Minister of Investment Promotion Dilum Amunugama said, as the necessary activities to realise the goal for 1Q24, set by the Finance Ministry has been successfully rolled out.

People’s Bank has faced significant challenges in the recent years, exacerbated by the Covid-19 pandemic and ensuing ....

Sri Lanka is likely to see a minimum one-notch upgrade in sovereign credit ratings to triple C (CCC) in two to three weeks upon completion of the external debt restructuring process, according to Sri Lanka Banks’ Association Chairman Bingumal Thewa

Worker remittance in April expands 19.7% YoY to US$ 543.8 mn Worker remittances continued to remain strong through April despite....

As Vesak draws near in about 10 days, a local artisan is immersed in crafting frames for ‘Vesak lanterns’ that will adorn....

Acuity Partners yesterday announced the appointment of Damith Pallewatte as its new Chairman. Pallewatte takes over....

Banks are ramping up fresh credit disbursements to the economy as the lending rates are on a continuous....

Pelwatte Dairy Industries Limited (PDIL) has marked a significant milestone in Sri Lanka’s dairy sector by signing a memorandum....

Leading integrated financial services provider HNB Finance PLC announced a momentous collaboration with the Co-operative....

The Agriculture and Plantation Industries Ministry and Unilever Sri Lanka recently entered into a memorandum of understanding....

Associated Motorways (Private) Limited, (AMW), the sole distributor of Castrol lubricants in Sri Lanka, joins in celebrating the 125th....

A 40-member team from the Sri Lanka Ports Authority (SLPA) staff concluded a two-day workshop in communication....

Nestlé Lanka and Commercial Bank of Ceylon partnered to launch an initiative to support dairy farmers with concessionary....

The Technology Ministry has collaborated with Mastercard for DigiEcon Global Investment Summit 2024, which is aimed at catalysing....

John Keells Properties further strengthened its partnership with DFCC Bank by inviting the bank’s valued customers....

Earnings from tourism displayed continued strengthening despite some softening from March. Arrivals eased last month but the momentum persists, projecting robust earnings from the trade which once saw a prolonged decline due to repeated crises from 2

Sri Lanka may need to consider a targeted stimulus package to boost growth in productivity sectors upon completion of the on-going debt restructuring exercise, Sri Lanka Banks’ Association Chief said.

The Colombo Tea Auction offering recorded a decline significantly, totalling 4.9 million kilogrammes. There was improved demand and a dearer trend in prices for most teas on offer, perhaps triggered by the lower volume on offer against the backdrop o

Sri Lanka will see the addition of automobile assembly plants, as four are set to begin operations within the next three months and another 11 have been registered by the Industries Ministry.

The Ceylon Federation of Micro, Small and Medium Enterprises (MSMEs) and Industrial Development Board (IDB) signed their first memorandum of understanding (MoU) at the Katubedda IDB office recently. The public-private partnership is aimed at actuali

In the wake of the Central Bank officials being summoned for parliamentary questioning over its recent assertion of independence, the Central Bank governor took to clarify the critical role of its sovereignty to maintain the country’s hard-won macr

The tourist arrivals to Sri Lanka crossed the 800,000 mark in May, which is two months earlier than 2023 in achieving the milestone.

BBC: Stronger than expected growth at the start of the year saw the UK emerge from recession. The economy grew by 0.6 percent between January and March, the fastest rate for two years, official figures showed. The UK fell into recession at the end of

Commercial Bank of Ceylon has been voted as Sri Lanka’s Most Loved Bank brand and the second Most Loved brand in the country overall in the service sector in 2024 by the leading business magazine LMD. These titles are based on the findings of an on

Indices closed in green as a result of price gains in counters such as Commercial Bank, National Development Bank and John Keells Holdings with the turnover crossing Rs 2.5 Bn. High net worth and institutional investor participation was noted in Hayl

The secondary market yield curve nudged low broadly across all maturities, as buying interest emerged strongly ahead of the T-bond auction scheduled on May 13. Amidst active investor interest, on the short end, 15.12.2026 traded between 10.60 perce

AIA Insurance has launched an innovative physical and digital campaign named ‘AIA Suwa Walan’, to drive education and awareness about breast cancer among Sri Lankan women. Breast cancer is one of the most common forms of cancer diagnosed in wome

Feelo announced its launch on iOS and Android. Now available for download, the app provides easy access to an array of services and time-limited promotions of up to 70 percemt off, ensuring that premium experiences are just a tap away. Committed to

WIS, a Sri Lankan company that provides financial solutions in the United Kingdom, has expanded its Sri Lanka office by adding a new wing recently, laying the platform for the company to increase its capacity in the coming months. The expansion of th