REUTERS: Sri Lanka has invited bids for state-run carrier SriLankan Airlines as the island nation looks to reduce losses incurred by government-owned enterprises under a US $ 2.9 billion International Monetary Fund (IMF) programme. The South Asian co

Indian Finance Minister Nirmala Sitharaman, who is currently on a visit to Sri Lanka, is expected to inaugurate two new branches of the State Bank of India (SBI) in Trincomalee and Jaffna, tomorrow. SBI is a public sector bank and is the largest in I

After a five-year pause, India and Sri Lanka have resumed discussions on the Economic and Technology Cooperation Agreement (ETCA). The 12th round of negotiations for the agreement took place in Colombo this week, Indian media reports said. After 11

A new International Labour Organisation (ILO) report has revealed that an overwhelming majority of micro, small and medium-sized enterprises (MSMEs) did not receive support from institutions dedicated to supporting MSME development during the pandemi

Top textile maker Teejay Lanka PLC has achieved a remarkable recovery from its first quarter losses to post strong top and bottom line figures for the second quarter of 2023-24. Sri Lanka’s first multinational textile manufacturer has reported prof

World Bank Managing Director for Operations Anna Bjerde concluded her four-day visit to Sri Lanka yesterday, encouraging the Government of Sri Lanka to stay the course on reforms for recovery and sustainable growth.

MAS Holdings has just announced the completion of the second phase of Project Photon, a roof mounted photovoltaic (PV) solar power project. This ambitious venture, initiated in 2017, has catapulted MAS Holdings to the forefront of the country’s ren

Singer Sri Lanka PLC announced the grand opening of its exclusive Digital ExperienceStoreas well as the Signature by Singer store at the Havelock City Mall. The new stores are poised to redefine the retail experience for tech enthusiasts and patrons

Colombo Oktoberfest 2023, the much-anticipated celebration of Bavarian culture, concluded in a grand style at the iconic Lotus Tower in Colombo. From October 2nd, 4th to 8th, the festival took attendees on a memorable journey through the streets of M

Flexiprint (Pvt) Ltd, the manufacture of packaging necessities for tea bags, tea tags, tea envelopes, pyramid tags attached mesh, and labels/stickers won the coveted National Bronze Award and the Top Ten Award in the National Level Extra-Large Manufa

Pest management company Exterminators PLC recently announced its expansion into the southern region of the country in technical collaboration with Sentario Pest Management United Kingdom. This new office aims to cater to the pest management needs of

Think luxury, think watches, think sophisticated elegance that has stood the test of time and what springs to mind? Tharaka Time House of course ! “Our store in Colombo Sri Lanka is recognized as an Official Rolex Retailer, as we only sell genuin

Sri Lanka’s official headline inflation measured by the Colombo Consumer Price Index (CCPI) accelerated to 1.5 percent in October on a year-on-year (YoY) basis from 1.3 percent a month ago, the data released by the Department of Census and Statisti

Colombo-based economic think-tank, Advocata Institute, slammed the electricity tariff revision approved by the Public Utilities Commission of Sri Lanka (PUCSL) calling it “discriminatory”. In a strong-worded statement to the media, Advocata stres

Seylan Bank PLC reported higher earnings for the quarter ended September 30, 2023 (3Q23) amid sharp decline in impairment charges, the interim financial accounts released to the Colombo Stock Exchange, showed. The banking group reported earnings of R

Uber, the leading ridesharing app, yesterday announced the appointment of Kaushalya Gunaratna as Country Manager of Uber - Sri Lanka. In her role as....

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider and the only authorised One Number and eSIM service provider for iPhones and Apple Watches in Sri Lanka, launched the all-new...

Asia Pacific Technology Systems (Pvt.) Ltd (APTS) celebrated its 15th successful year in operation at the Shangri-La hotel recently. The event was graced by long-standing clients...

Microsoft Sri Lanka recently hosted ‘Leading the Era of AI’, an event that presented a unique opportunity for partners and customers – from a cross section of industries, including banking and finance....

IT Gallery Computers (Pvt.) Ltd, a prominent player in the IT distribution market since 2011, recently unveiled the latest additions to Lenovo’s consumer and gaming portfolio in Sri Lanka. Amongst...

SLT-Mobitel, Sri Lanka’s national ICT solutions provider, has become the country’s first service provider to join the Oracle Partner Network (OPN), a global community designed to enable partners...

99x has launched an inspiring scholarship programme aimed at empowering young minds, who have excelled in their Ordinary Level and Advanced Level examinations. The scholarship...

The government yesterday held a roundtable discussion with the country’s development partners and the private sector over the progress Sri Lanka has achieved since the unprecedented economic...

The Sri Lanka Tourism Development Authority (SLTDA) said yesterday that the free visa programme for seven countries that received the Cabinet nod recently will only come into effect after the Department....

Sri Lanka is gearing up to introduce a new Employment Act, Cabinet Spokesperson Minister Bandula Gunawardana said yesterday. He said the Minister of Labour....

Sampath Bank Senior Deputy General Manager International Banking Shashi Kandambi was elected as Lanka SWIFT User Group (LSUG) and National Member Group Chairperson, at the EGM...

A ground-breaking digital marketing campaign powered by generative artificial intelligence (AI) to promote the Vibe youth account of Commercial Bank of Ceylon has won the Youth Campaign...

Providing foreign cardholders with convenient access to currency conversion, Sri Lanka’s leading private sector bank HNB PLC announced the launch of the Dynamic Currency Conversion....

Italian Ambassador to Sri Lanka Damiano Francovigh visited the Board of Investment (BOI) on Tuesday for a briefing on the current investment climate and opportunities in several sectors....

Sri Lanka Economic Summit 2023, the premier and most anticipated annual economic event in Sri Lanka, will be inaugurated by President Ranil Wickremesinghe, under the theme ‘Sustain Reform....