The Sri Lanka Tourism Development Authority (SLTDA) plans to produce more accurate and internationally comparable tourism earning figures from mid-2024 onwards, as it moves into the Tourism Satellite Account (TSA). “The Tourism Satellite Project wa

Lanka Special Steels Limited (LSSL) stood out at the National Convention on Quality and Productivity (NCQP) Awards 2023 for its exceptional achievement. The event, hosted by the Sri Lanka Association for the Advancement of Quality and Productivity (S

In a strategic move to expand its product range, St. Anthony’s Hardware (Pvt) Ltd is set to introduce the Hydromax water pump. This new addition aims to address the existing gap in the market for affordable, high-quality and reliable water pumps. A

In 2024, we find ourselves at the dawn of a new year, with a unique opportunity to celebrate and reinvigorate our local industries, elevating our global presence. However, beneath the surface, a troubling imbalance threatens our local manufacturing s

The Sri Lankan construction industry is facing the toughest periods in its history due to the negative effects of the economic downturn. The sharp reduction of construction activities since the start of 2023 has pushed the industry into near collapse

Sri Lanka’s renewable energy sector came under international spotlight this week with President Ranil Wickremesinghe calling on investors to take part in the island nation’s sustainability agenda.

Joni Simpson assumed duties as the Director for the International Labour Organization Country Office for Sri Lanka and the Maldives...

The Purchasing Managers’ Index for December showed that both manufacturing and services activities in the economy had continued....

As the fourth quarter earnings season is about to kick off in earnest, investors and analysts expect listed company profits to have....

The Central Bank closed 2023 turning into an outsize net purchaser of foreign exchange from the domestic foreign exchange...

In the midst of nationwide discussions on the Value Added Tax (VAT), there’s a whirlwind of confusion stirred by political...

Of late, the branding of Sri Lanka for tourism has been in the news, with a new branding and tagline being launched recently...

The Climata Academy, founded by Clair Prakash, is the first of its kind that is dedicated to climate change and sustainability education...

Mercantile Investments, a trailblazer in the financial industry, proudly marked its 60th anniversary with a spectacular event...

The Association of Chartered Certified Accountants (ACCA) Sri Lanka recently awarded the Approved Employer Certification...

In a bid to enhance financial inclusivity and commemorate the International Migrants Day, NDB Bank proudly unveiled its latest...

All around the world, employees need the same elements from their workplace in order to thrive: trust in leaders, pride in their....

Kapruka Holdings PLC, the industry leader in e-commerce, is pleased to announce its strategic partnership with Shiro Hana....

The Joint International Cost Conference organised jointly by the Institute of Certified Management Accountants of Sri Lanka...

What appeared to be a renewed interest in Sri Lankan treasuries by the foreigners at the start of the new year soon turned around in the subsequent week as they had offloaded more than what they purchased a week before after suffering virtually conti

The 322-strong fleet of ambulances operated by the Suwa Seriya Foundation will continue to fulfil its humanitarian mission in Sri Lanka, with tyres supplied by CEAT Kelani Holdings as the preferred tyre supplier. CEAT Kelani recently renewed its comm

Phoenix Homeopathic Private Hospital was recently inaugurated under the patronage of Indigenous Medicine State Minister Sisira Jayakodi. Homeopathic practitioner Dr. P.M. Chatura Hatharasinghe took the initiative to launch this private hospital, whi

Lanka IOC, with a presence spanning over two decades in the petroleum products market in Sri Lanka, has consistently played a crucial role in serving the nation. One noteworthy period of its contribution was during the fuel crisis, where various gove

Vision Care Hearing Solutions, a leading provider of hearing care solutions in Sri Lanka and part of Vision Care, the largest vision and hearing care solutions provider in the country, recently hosted its annual knowledge sharing conference in collab

Sri Lanka’s tourism industry is gearing up to receive a fresh boost, as the highly anticipated all-inclusive Sri Lanka Tourism app is expected to go live by 1Q24. The Cabinet nod has been received recently to reactivate the initiative, which was in

Sri Lanka seems to be embarking on a new credit cycle, following almost two years of contraction, as the commercial banks are signalling their preparedness to resume robust lending, aligning with the improving financial conditions. The provisional da

Aitken Spence Hotel Holdings PLC has disclosed the appointment of Dr. Ravindra Ajith Fernando as an Independent Non-Executive Director, effective from January 10, 2024. Dr. Fernando is a University of Cambridge alumnus, having successfully completed

Several Tamil-owned businesses across Sri Lanka yesterday joined in the festivities of Thai Pongal, a celebration that underscores the significance of agriculture and rural life. The joyous occasion, dedicated to expressing gratitude to the sun, soi

The Central Bank said there is still potential for the yields on government securities to reduce on their own. While the downward adjustment is expected, as a result of the cumulative impact of the previous monetary policy measures taken by the monet

Sri Lanka Telecom (SLT) has caught the eye of India’s Reliance Industries, with its telecom arm Jio Platforms having expressed interest in procuring a stake in the island nation’s stressed state-owned telecom entity. At the end of last week, the