The mounting tensions in the Middle East that are becoming increasingly unpredictable are likely to impact the Ceylon Tea cuppa, the industry stakeholders said, especially since over 50 percent of the island nation’s tea is exported to that region.

Sri Lanka crossed the 700,000 tourist arrival milestone within the first 14 weeks of the year, almost half the time frame taken to reach the mark in 2023.

The ASPI closed in green as a result of price gains in counters such as Commercial Bank, Lanka IOC and John Keells Holdings with the turnover crossing Rs 2.0 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional inve

The secondary market enticed a mixed sentiment amid ultra-thin volumes during yesterday’s session, as the investors took a cautious approach, eagerly waiting to see the outcome of the bondholder negotiations, which recommenced on Tuesday, following

In today’s fast-paced and technology-driven world, digital services have become an integral part of our daily lives and revolutionized the way we communicate, work, and access information. One of the key benefits of digital services is their conven

CEAT-Kelani has introduced three new variants of high-performance radial tyres into the market, widening choice for a significant segment of vehicle owners. Joining CEAT’s ‘Orion Brawo’ range, the new radials are in the sizes 155/65 R14, 165/70

NDB Leasing announced the conclusion of its recent leasing promotion, the ‘NDB Auto Carnival’, which provided customers with an opportunity to lease their dream vehicles with ease and convenience. Held from April 04 to April 05 at the Dambulla De

David Pieris Automobiles (Private) Limited (DPA) has announced that it officially started accepting pre-bookings for the all-new BAIC X55 II SUV in Sri Lanka. Earlier this month, the first 15 customers placed a deposit to pre-order their new vehicle

Pelwatte Dairy announced the appointment of Mohamed Rizwie and Deepthie Wickramasuriya as Non-Executive Directors to its board. With over three decades of experience in Consumer/Medical marketing at Nestle, Rizwie has held senior management roles acr

Knuckles, renowned for its commitment to purity and quality, has announced the launch of its newest innovation: Knuckles Bottled Drinking Water in glass bottles. Bottled at the source in the Knuckles Mountains range, the water undergoes a meticulous

eChannelling and a subsidiary of SLT-Mobitel have partnered with the International Organization for Migration (IOM) Sri Lanka to provide free online appointment booking for health assessments required for migration to the UK, Australia, Canada, and N

DFCC Bank has launched online acceptance of the leading card scheme, UnionPay International (UPI). The partnership between DFCC Bank, UPI and Bancstac further enhances DFCC Bank’s Internet Payment Gateway Services (IPGS). “DFCC Bank is committed

Heralding a new era for both Sri Lankan and Kuwaiti accounting professionals, the Kuwait Chapter of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is poised to catalyze professional growth and knowledge exchange opportunities for

Coca-Cola announced this week the appointment of Kaushali Kusumapala as the new Country Director for Sri Lanka and Maldives, effective from 1st April 2024. Kaushali succeeds former Country Director, Pankaj Sinha, who assumed the role in 2019. In thi

The Ministry of Environment this week called for applications for the compulsory registration of businesses and individuals who wish to import hydrofluorocarbons (HFC) based imports for 2024. Completed applications along with supporting documents are

The International Monetary Fund (IMF) announced this week that it endorsed a set of reforms that would help speed up processes in supporting the countries struggling with debt restructurings. According to the recommendations in the IMF staff paper

After years of grappling with economic challenges on the international stage, Sri Lanka is now showcasing its rapid recovery efforts this year. At the G-24 Finance Ministers and Central Bank Governors’ meeting during the IMF/WB Spring Meetings in W

Contrary to the claims that the current economic recovery could get derailed due to the parties coming short in reaching an agreement on restructuring the commercial debt, the evidence showed that the two parties have come a long way in closing the g

The tea exporters urged the government to step up in its efforts towards stabilising the rupee, so that the industry can continue to service the economy at its full potential. Tea Exporters Association (TEA) Chairman Ganesh Deivanayagam asserted tha

The secondary market yield curve remained broadly unchanged during yesterday, with investors adopting a cautious stance amidst uncertainties surrounding external debt restructuring talks and the ongoing holiday season, which limited market participat

Indices closed in red as a result of price losses in counters such as Commercial Bank, Sampath Bank and Hatton National Bank with the turnover crossing Rs. 1.4 bn. High net worth and institutional investor participation was noted in Lanka IOC, John K

Fits Air is expanding its wings, adding Colombo-Dhaka direct flights from today, the Airport and Aviation Services (Sri Lanka) (Pvt) Limited announced.

As Sri Lanka looks to reach higher growth aspirations, addressing gender inequality is a key priority, the Asian Development Bank said.

Economists yesterday cautioned that Sri Lanka failing to reach an agreement with its bondholders on restructuring terms within the set deadline....

Cartoon of the Day 17-04-2024

Commercial Bank of Ceylon PLC yesterday announced the appointment of international investment banker Sharhan Muhseen as....

Further strengthening the health of the economy, the Purchasing Managers’ Index (PMI) showed continuous expansion in activities across manufacturing and services sectors, rekindling hopes that the ongoing recovery is going to be durable and solid.

Sri Lanka’s strengthening recovery and improving investor sentiment have been fuelling recent rupee gains against US$ in defying....

In line with its mandate to significantly uplift the standards of the human resources (HR) profession in Sri Lanka, the Association of Human Resource Professionals (AHRP) will host its sixth Human Resources....

Sri Lanka Tourism welcomed a group of mainstream international journalists and travel influencers to promote the destination for upcoming summer and winter seasons (2024/25) while highlighting....