Sri Lanka is confident it can iron out debt restructuring issues in the second quarter as external creditors are engaging positively, State Minister Shehan Semasinghe said, as reported by Bloomberg. This will pave the w

The current prices of Sri Lankan graphite are significantly high; key avenues can be explored to bring them down and one such is by reducing the depth of operation.

The Central Bank has been caught off guard by the break in the months-long expansion seen in the private sector credit in January and considered it to be a one-off development and attributed it to the appreciation of the rupee and after-season settle

Dialog Television welcomes customers to celebrate in the festive season with the launch of its exclusive ‘Avurudu Channel Pack’- containing the full bouquet of Dialog Television channels.  Enjoy quality time with the family by activating the ful

HNB General Insurance marks a significant milestone in its journey towards compliance with the International Financial Reporting Standard (IFRS) 17 by becoming the first local general insurance company to implement WTW’s ResQ Financial Reporter (F

Good Life X, partnering with the European Union National Institutes for Culture (EUNIC) cluster organizations, has brought forth a first-of-its-kind initiative to collect and document Sri Lanka’s creative practitioners, be it individuals, collectiv

The Chairman and Co-Founder, Darrell Wade of Intrepid Travel visited Sri Lanka recently. Darrell’s visit serves as a reaffirmation of Intrepid’s commitment to Sri Lanka within its 2030 strategy. “Our commitment entails further strengthening the

A delegation of nine distinguished representatives from Sri Lanka, representing key stakeholders from the Ministry of Agriculture, Elpitiya Plantation, Eastern and Allied Agencies Limited, and Hettigoda Industries (PVT) Ltd, recently embarked on a v

EY Global Delivery Services (GDS) celebrated its second year in Sri Lanka this week. EY GDS is a globally integrated network of over 75,000 professionals across 10 countries dedicated to providing innovative business solutions to EY member firms to

CODEGEN Innovations has been approved as a secondary business of strategic importance to operate in the Colombo Port City special economic zone. The Cabinet of Ministers approved the proposal presented by President Ranil Wickremesinghe, in his capaci

Maliban Biscuit Manufactories, a household name in Sri Lanka with a rich history spanning 70 years, stands at a pivotal point in its journey. As the Sri Lankan market reaches saturation in its segment, Maliban is strategically shifting its focus towa

BBC: Concerns have been raised of a “ripple effect” on global supply chains after a container ship, that was heading towards Sri Lanka, crashed into a bridge in the US city of Baltimore.

The Economic Transformation Bill, along with the revisions proposed by the Attorney General, received the Cabinet nod this week, where the instructions furnished by President Ranil Wickramasinghe to instruct the Legal Draftsman to formulate a draft o

State-owned People’s Bank for the year 2023 reported a total consolidated operating income and pretax profit of Rs.96.8 billion and Rs.19.3 billion, respectively. Reflecting the high interest costs on term deposit funding, due to the high interest

At Campbell Place – Nalanda won by nine wickets Dharmasoka MV Ambalangoda 97 (Senura Sandayuru 25, Chanuka de Silva 25: Minod Caldera 5/28, Thisara Dewdunu 2/17, Sajitha Vithanage 2/21) and 57 (Chanuka de Silva 20: Sajitha Vithanage 6/21, Minod Cal

Sri Lanka youth player and left arm spinner Vishwa Lahiru ended with an impressive match bag of 12 for 35 which paved the way for Sri Sumangala College, Panadura to coast to an innings and 30 runs win over Dharmaloka MV Kelaniya in the quarter final

The Central Bank yesterday resumed cuts by further reducing key policy rates by 50 basis points as inflation remains anchored.

Gradually lifting some of the restrictions imposed on the financial sector, the Central Bank yesterday decided to end the interest rate caps and forced reduction in overall lending....

Sri Lanka’s spice sector will come under fresh spotlight this year as it gears up to host the International Pepper Community’s Annual International Conference 2024. In addition to showcasing....

The national minimum wage in Sri Lanka will be increased going forward with the Cabinet giving the nod for the same. The Cabinet of Ministers....

In a momentous occasion set to strengthen the country’s reporting landscape, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) launched the TAGS Compliance....

The Asian Development Bank (ADB) and government of Sri Lanka signed this week a loan agreement totalling US $ 100 million. US $ 50 million is to provide the small and medium...

Hettigoda Industries (Pvt.) Ltd, the renowned name synonymous with ayurvedic excellence, achieved resounding success at the prestigious Golden Inmediens 2023 Entrepreneurship....

Sri Lanka’s leading private sector bank HNB PLC proudly announced the renewal of its partnership with the premier property site Lanka Property Web (LPW). This collaboration...

Union Bank, now partnered by the strength of the global conglomerate CG Corp Global, recently unveiled a new logo that embodies the bank’s new strategic vision and transformation. Leveraging...

Prime Group, the leading real estate developer in Sri Lanka, proudly announced the successful completion and handover of the state-of-the-art leisure residences at The Beach Front II....

Dialog Axiata’s genie and Dialog Finance PLC were recognised at the LankaPay Technnovation Awards 2024 for their contributions to digital financial services. This recognition serves as a reflection....

Hitech Concrete Solutions (Pvt.) Ltd, a pioneering force in elevating standards and reshaping the landscape of Sri Lanka’s construction industry, demonstrated its commitment....

Validating the surging desire for luxury residences in Sri Lanka, the most recent condominium project that graced Colombo’s skyline by Westbury Suites (Westbury Residencies....

Lanka Special Steels Limited, Sri Lanka’s premier and pioneering manufacturer of hot-dipped galvanised steel wire, with a rich history of over 25 years, recently announced the launch of its flagship....