The penultimate sale of the year, which concluded this week, had an increased volume of 4.94 million kilogrammes on offer, up from the 4.48 million kilogrammes on offer the previous week.

The Colombo Shopping Festival kicked off yesterday at the BMICH, providing shoppers a range of products under one roof, this holiday season.

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) yesterday announced the expansion of its global footprint by establishing a new chapter in the United Kingdom.

Global coal demand is likely to have peaked this year and could drop by about 2 percent over the next three years as China brings more renewable energy sources online, the International Energy Agency (IEA) said yesterday.

The Food and Agriculture Organisation (FAO) of the United Nations handed over two specially designed climate-resilient fishing boats and 30 modified fish display stalls to the Fisheries Ministry, in line with the FAO’s commitment to sustainable dev

A group of authorised mobile phone importers expressed their deep concern over the Sri Lankan government’s decision to remove mobile phones from the Value Added Tax (VAT) exemptions list, coupled with a simultaneous increase in VAT from 15 percent

REUTERS - Amazon does not have to pay €250 million (US$ 273 million) in back taxes to Luxembourg, the top court in the European Union ruled yesterday, marking a defeat for the EU’s crackdown on sweetheart tax deals for multinationals. “The C

The near-term outlook for businesses showed mixed results measured across several criteria, as less favourable macro-economic conditions and rising prices offset the gradual improvements seen in the appetite for investments, demand for goods and serv

The banking sector asset quality weakness held steady between June and September this year, but the industry is confident that the worst is over for them as they said they are seeing a slight moderation in the non-performing loans at present as the e

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, sponsored Journalism Awards for Excellence 2022, underscoring its commitment to fostering excellence in journalism, reflected by its steadfast support for journalistic achievements si

The Asia Pacific Institute of Information Technology (APIIT) Sri Lanka, the largest provider of foreign degrees in the country, held its

EY Global Delivery Services (EY GDS) Sri Lanka, which is part of the global EY network of service delivery centres, has joined hands with the Sri Lanka Association for Software and Service Companies (SLASSCOM) as the Exclusive Platinum sponsor of the

Sim Lanka (Pvt.) Ltd, together with its partner companies Cable Solutions, Aluflex Lanka, Prime Packaging and Quality Floors, celebrated 22 glorious years of its commercial operations at an event held at Taj Vivanta Colombo, Airport Gard

Hirdaramani Apparel and the Lacoste Foundation have come together through the United Nations Development Programme (UNDP) in Sri Lanka’s facility for Private Sector Giving to promote socio-economic recovery and food security and addres

Bureau Veritas Consumer Products Services Lanka (Pvt.) Ltd, part of Bureau Veritas, a world leader in laboratory testing, inspection and certification services, with 1,600 offices and laboratories around the globe, announced that its state-of-the-art

The award ceremony for the third edition of the Huawei ICT Competition in Sri Lanka witnessed a significant gathering of notable state and non-state officials and dignitaries honouring the competition’s winners. Huawei chose 20 winners, 10 from ea

As Sri Lanka’s apparel sector is looking at ways to tackle the ongoing challenges faced due to a drop in orders, the Sri Lanka Chamber of Garment Exporters (SLCGE) called for urgent support to safeguard the SME segment. Although measures have been

The draft Public Financial Management (PFM) Bill is expected to be submitted for Cabinet of Ministers’ approval shortly

While recognising the completion of the first review of the IMF bailout programme and securing the second tranche of US$ 337 million, the Ceylon Chamber of Commerce yesterday highlighted the urgent need for economic growth. To achieve gro

Total outstanding government debt was little changed during the first eight months of 2023 from the end of last year as rupee debt rose only modestly reflecting the fiscal restraint by the government under the ongoing International Monet

President Ranil Wickremesinghe yesterday told Parliament that Sri Lanka’s success in securing the necessary funds from international financial institutions in recent months would provide a significant boost to the country’s financial sector, ensu

Sri Lanka is fast losing its rubber plantations to a fast-spreading airborne fungal disease, which is severely impacting the crop output.

The Treasury bill yields continued to decline, albeit modestly at the weekly bill auction held yesterday, aimed at raising Rs.220 billion. The Public Debt Department (PDD) of the Central Bank raised Rs.185 billion via T-bills just a week ago. The PDD

Amid the biggest surge in global interest rates in four decades, the developing countries spent a record US $ 443.5 billion to service their external public and publicly guaranteed debt in 2022, the World Bank’s latest International Debt Report sho

Sri Lanka’s gross foreign reserves are projected to reach US $ 3.8 billion by the end of 2023, according to the International Monetary Fund (IMF) projections. This figure falls short by US $ 600 million compared to the programme request, reflecting

Sri Lanka will enter into an agreement with Korea to uplift tourism in three provinces. The Cabinet nod was given this week for the Sri Lanka Tourism Development Authority to enter into a memorandum of understanding with the Korean Tourism Organisat

REUTERS: Representatives from nearly 200 countries agreed at the COP28 climate summit yesterday to begin reducing global consumption of fossil fuels to avert the worst of climate change, a first of its kind deal signalling the eventual end of the oil

Realising Sustainable Development Goals (SDGs) by 2030 requires substantial investment allocation, especially for developing economies like Sri Lanka. A recent IPS study found that Sri Lanka needs an additional investment of US 1.4 trillion or 12.5 p

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) celebrated an amazing showcase of excellence in corporate reporting at the TAGS Awards 2023 recently. Leading corporates, multinationals, SMEs, and non-profit organizations were honou

Pan Asia Bank announced its partnership with Indra Traders to provide attractive leasing facilities with so many added benefits to Sri Lankans who are planning to go for a new vehicle or an upgrade. The bank will be promoting vehicles from Indra Tra