The benchmark one-year bill reversed course and added back 10 basis points at the weekly primary bill auction held yesterday. The one-year bill settled at 12.93 percent yesterday, giving up the decline in the yields, which occurred in the last few au

The World Bank yesterday released the second tranche of the US $ 500 million Sri Lanka Resilience, Stability and Economic Turnaround (RESET) Development Policy Operation (DPO), considering the continued satisfactory progress made by the government wi

DFCC Bank yesterday disclosed plans to raise Rs.8 billion through a listed debenture issue. The bank yesterday said it received in-principle approval from the Colombo Stock Exchange (CSE) to list the debt instruments on the CSE. The bank plans to iss

Sri Lanka’s real estate activities, including home ownership, continued to decline through the first nine months, extending the prolonged decline seen from last year. This reflects the lingering challenges faced by those who aspire to buy a home or

Sri Lanka’s gross official foreign reserves are expected to exceed US $ 4 billion by the end of this year, the President’s Media Division (PMD) yesterday said, citing information from the Finance Ministry. Sri Lanka received US $ 337 million from

Sri Lanka is one of the most preferred and favourite destinations for Russian tourists, said Ambassador Extraordinary and Plenipotentiary of the Russian Federation to Sri Lanka, Levan S. Dzhagaryan.

Ceylinco Life conquered the ‘Everest’ of Brand Excellence in Sri Lanka this week, winning the company’s second successive Brand of the Year title and three other Golds at the Sri Lanka Institute....

The Hotels Association of Sri Lanka (THASL), at its 58th Annual General Meeting, honoured Srilal Miththapala with the prestigious Lifetime Achievement Award. The award....

As one of Sri Lanka’s most digitalised banks and a pioneer in digital financial inclusion, People’s Bank recognises the growing importance of empowering youth in digital technologies and skills...

INSEE Ecocycle, Sri Lanka’s pioneer in waste management services, has partnered with the Sri Lanka Police Narcotics Bureau (PNB) and National Dangerous Drugs Control Board (NDDCB) to ensure....

In a night of festive cheer, Occidental Eden Beruwala welcomed guests to a spectacular Christmas tree lighting event on December 15, 2023. The atmosphere was nothing....

In a pioneering move, SriLankan Airlines will become one of the first airlines in South Asia to introduce eco-friendly carpets onboard its aircraft after a successful trial. The eco-friendly...

Sri Lanka will see the arrival of around 35 luxury passenger cruise ships next year, according to the Navigation Division of Sri Lanka Ports Authority (SLPA).

Sri Lanka Tourism will be lighting up key streets and areas of Colombo this festive season for the second consecutive year, following last year’s success. The month....

The Cabinet of Ministers has given its approval to amend the Social Security Contribution Levy Act No. 25 of 2022 to revise down the threshold of the Social Security Contribution Levy (SSCL) to Rs.60 million....

A proposal presented by President Ranil Wickremesinghe, who also serves as the Minister of Finance, Economic Stabilisation, and National Policies, to amend certain sections of the National Savings Bank Act ....

Companies, representing both the manufacturing and services sectors, have resumed their recruiting activities, ending months-long streak of hiring freezes and layoffs caused due to the deep contraction...

Sri Lanka’s tea production experienced a 3.82 percent year-on-year contraction in November, amounting to 19.58 million kilograms. Comparing this with October’s output of 22.85 million...

Tourist arrivals to Sri Lanka crossed the 100,000 mark this Sunday, provisional data from the Sri Lanka Tourism Development Authority (SLTDA) showed. For the first....

The Cabinet of Ministers this week approved a proposal to initiate the necessary measures to segregate the life and general insurance businesses of State-run Sri Lanka Insurance Corporation....

Technology State Minister Kanaka Herath yesterday said that they are working on the introduction of a digital economy policy for Sri Lanka, which does not change when the governments change.

An uneven playing field prevails in the local construction sector, due to an array of protectionist policies, all of which make it increasingly challenging for the urban population to have access to affordable housing, Advocata Institute said. “We

A study by the ride-hailing company Uber says access to mobility could increase female workforce in Colombo by 8 percent by 2028 and it could contribute to the capital city’s economy by over 3 percent. The study shows how ride-hailing services have

The favourable movement or largely stable exchange rate and softening prices, which had sprinkled a cooling effect on supply chains, had a substantial positive impact on pulling the economy from a prolonged recession in the third quarter, said the De

Oil posted gain last week, after seven weeks of decline Russia to deepen oil export cuts in Dec. by 50,000 bpd or more Shipping firms avoiding Suez Canal amid attacks on vessels REUTERS: Oil rose yesterday as attacks by the Houthis on ships in the Re

By Nishel Fernando The players in Sri Lanka’s liquor industry are grappling to stay afloat, due to a significant drop in volume, with the consumers increasingly turning to the illicit market amid heavy taxation and some industry players are resorti

Macksons Paint Industries (Private) Limited, the innovators of the esteemed Multilac brand, has clinched the coveted Gold award in the Extra-Large category for the Chemical Products Sector at the NCE Export Awards, hosted by the National Chamber of E

Three Sinha Group of Companies was awarded the Gold Award under the Medium Category at the National Industrial Excellence Awards – 2023 organized by the Industrial Development Board (IDB). The award ceremony was recently held at the Nelum Pokuna Th

Lanka Aluminium Industries PLC together with their fully owned subsidiaries Comark Engineers (Pvt) Ltd, MerbokLanka (Pvt) MDF Ltd, and Marshall Investments (Pvt) Ltd, have generated much interest for their extensive construction, hardware, and househ

Samson Rajarata Tiles, a subsidiary of DSI Samson Group added another feather to its cap by winning the Gold Award at the NCE Export Awards 2022-2023, under the Ceramic, Porcelain & Other Clay Product sector. The award ceremony took place on Decembe