Sri Lanka is exploring the possibility of introducing gender-based budgeting as part of its effort to improve women empowerment in the country. The proposal was made in the 2024 budget speech presented to Parliament by President Ranil Wickremesinghe,

AFP: More children in South Asia are struggling due to severe water scarcity made worse by the impacts of climate change than anywhere else worldwide, the United Nations said yesterday. “A staggering 347 million children under 18 are exposed to hig

Sri Lanka will soon see the establishment of a new technology university under the guidance of Indian Institute of Technology Madras, popularly known or IIT Madras. The university will be set up in the central province, Kandy, President Ranil Wickrem

President Ranil Wickremesinghe yesterday pointed out that renewed efforts are needed to transform Sri Lanka’s tourism sector, so that it can be pitched according to the needs and likes of today’s traveller. While acknowledging that the tourism in

State Minister of Finance, Ranjith Siyambalapitiya said yesterday the 2024 budget to be presented to parliament today aims to foster long-term growth for the country while addressing the immediate...

President Ranil Wickremesinghe is slated to introduce key proposals for implementing digital economy (DIGIECON) concept in the budget that will be presented to parliament today, a top official of Information....

President Ranil Wickremesinghe, who also serves as the Minister of Finance, is scheduled to present the 2024 budget report to parliament today. The President discussed the preparation and delivery....

Workers’ remittances to Sri Lanka through official channels rose to half a billion dollars in the month of October, the data released by the Central Bank showed. The workers’ remittances....

Hambantota International Port, which is runby a joint venture between China Merchants Port Holdings (CMPort) and Sri Lanka Ports Authority (SLPA) has not made any dividend payment to the Sri Lankan....

Diversified conglomerate Sunshine Holdings PLC continued to demonstrate resilience amidst prevailing macro-economic conditions, reporting solid top-line and bottom-line growth of 13 percent ....

Hatton National Bank PLC (HNB) reported lower net interest income in the quarter ended in September (3Q23) as interest expenses rose at a faster pace than interest income, denting the net interest margin....

Turkish Airlines has held talks with Airbus to discuss a potential order of 355 new aircraft, the state-run Anadolu news agency said. During the meeting....

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, proudly announced its esteemed partners of the Dialog Innovation Challenge, an initiative towards developing scalable, innovative....

X-Fly 1.0, Sri Lanka’s first-ever homegrown commercial drone platform, has won two prestigious awards at National ICT Awards 2023. This micro-scale....

Venora International Projects Private Limited was awarded the Best Entrepreneur of the Year - First Runner-Up and Best Environmental Friendly Enterprise Awards, at Entrepreneur Awards....

Sri Lanka took a significant step towards fortifying its cloud computing landscape, as the Cloud Security Alliance (CSA) launched its Sri Lanka Chapter during the prestigious INFOTEL Information...

Recording its best ever quarterly performance, Amana Bank PLC continued its strong profitability trend in 2023, as it closed the nine months ending on September 30, 2023, with a profit before tax....

In the logistics sector, Aitken Spence Logistics’ Mobile Storage Solutions is a trailblazer, being the first to receive the ISO certifications for food safety and occupational health and safety in....

Mercantile Investments, a leading financial institution, proudly announces the successful launch of its 45th branch in the historic city of Kandy. This momentous....

NDB Bank recently secured a victory at the prestigious National Best Quality Software Awards (NBQSA) 2023. The bank was honoured with a Merit award in recognition....

Higher education loans of up to Rs.10 million are now available from Commercial Bank of Ceylon to undergraduates of the Open University of Sri Lanka (OUSL) enrolling for bachelor’s or master’s degrees...

Nations Trust Bank (NTB) continued its solid financial performance into the third quarter of 2023, with a profit before tax (PBT) of Rs.19.4 billion and a profit after tax (PAT) of Rs.9.4 billion, a year-on-year....

With a solid foundation, a strong reputation and a big heart, AIA has been recognised as the Most Respected Insurance Company in Sri Lanka in LMD’s Most Respected Entities 2023 ranking...

The Trade, Commerce and Food Security Ministry this week said food inflation in the country is expected to contract further in 2024, with efforts also being taken to trim the food prices wherever possible.

U.S. International Development Finance Corporation (DFC) made a US $ 30 million commitment in DFC financing to Citizens Development Business Finance PLC (CDB), to support women entrepreneurs, sustainable financing and micro, small and medium enterpri

Sri Lanka’s failure to address the impediments to enterprise growth that had been rigorously identified at least 20 years ago has hampered the healthy growth of enterprises, leaving them vulnerable to the kind of cataclysmic shocks that have rocked

Five institutions under the purview of the Primary Industries State Ministry formally presented the annual dividends to the Treasury yesterday.

The overall auction offerings were marginally higher this week, totalling 5.49 million kilogrammes.

Vidullanka PLC recorded a profit after tax (PAT) of Rs.614 million from a revenue of Rs.2.9 billion midway through the financial year 2023/24, as per the latest interim financials for the six months ended on September 30, 2023, published on the Colom

CNN: A US unit of the Industrial and Commercial Bank of China (ICBC) was hit by a ransomware attack this week that disrupted some of its systems, reportedly hitting liquidity in US Treasuries which may have contributed to a brief market sell-off on T