Annually, there are 20,000 IT job openings, with Sri Lankan universities producing only 10,000 IT graduates

Chinese Finance Minister Liu Kun has reaffirmed China’s commitment to extend comprehensive support for the implementation of a medium-term and long-term programme that is mutually beneficial to both parties and aimed at optimising Sri Lanka’s deb

Overseas Realty (Ceylon) PLC posted a loss during the third quarter of 2023 (3Q23), primarily due to a significant drop in apartment sales owing to rising construction costs and the imposition o

Fitch Ratings has assigned DFCC Bank PLC’s (A-(lka)/Stable) proposed Basel III-compliant subordinated unsecured debentures of up to Rs.8 billion an expected National Long-Term Rating of ‘BBB(EXP)(

During his four-day official visit to China, President Ranil Wickremesinghe held meetings with representatives from several major Chinese corporations, including China Communications Construction Corporation (CCCC), China Sinopec and BYD Company. A s

Chinese Finance Minister Liu Kun has reaffirmed China’s commitment to extend comprehensive support for the implementation of a medium-term and long-term programme that is mutually beneficial to both parties and aimed at optimising Sri Lanka’s deb

In a bid to meet the growing demand for international and domestic air travel, Minister of Ports, Shipping, and Aviation, Nimal Siripala de Silva, has given the green light for a significant upgrade to passenger facilities at Palali Airport.

AFP: Beijing will inject over US$ 100 billion of new funding into its Belt and Road initiative, President Xi Jinping said Wednesday at a summit marking the vast infrastructure project’s tenth anniversary. The Belt and Road is a central pillar of Xi

Sri Lanka is in the process of establishing a specialised investment zone in the Northern province, with a focus on catering to the unique needs of the fishing industry.

Southbeach Weligama, Sri Lanka’s most exciting new freehold address on the southern coast has just completed its superstructure, readying for scheduled completion in 2024. Despite Sri Lanka undergoing considerable challenges since construction be

In an exciting development for the Sri Lankan real estate market, RE/MAX Sri Lanka is set to embark on a journey of innovation and excellence under new leadership. Accordingly, a special RE/MAX Sri Lanka 2.0 event was held at the prestigious Cinnamo

Pure World Technical Services (PWTS), a home-grown facilities management provider, recently announced the official commencement of its operations in Sri Lanka, bringing its cutting-edge integrated facilities management services to the country. PWTS

INSEE Ecocycle has partnered with Daraz to provide sustainable waste management solutions as part of their shared commitment to strengthen Sri Lanka’s circular economy. Under the groundbreaking partnership, INSEE Ecocycle is providing innovative,

Ex-Pack Corrugated Cartons PLC, was awarded the Carbon Neutral certification for the second consecutive year, reaffirming its unwavering commitment towards sustainability and environment-friendly manufacturing practices and pursuing actions that are

Sampayo athleisure, a brand with cutting-edge RFID technology was launched for the first time in Sri Lanka, recently. Top Sri Lankan female fitness personality, social media influencer and renowned Coach Sarani Tillekeratne (@physique.by.sari) who is

ALFT Packaging has clinched Gold in the category ‘Wide Wed Flexo’ at the Asian Packaging Excellence Awards 2023 held in Bangkok, Thailand recently. Notably, ALFT Packaging was the only Sri Lankan company to receive an award. The annual Asian Pac

BEIJING (REUTERS): Sri Lanka’s president yesterday said debt relief for low-income countries should be part of the green transition and inaction on debt could pose an existential threat to China’s Belt and Road Initiative. Speaking at a panel on

Finance State Minister Shehan Semasinghe is confident that Sri Lanka will be able to reach a staff-level agreement with the International Monetary Fund (IMF) soon, on the disbursement of the second tranche of the US $ 2.9 billion Extended Fund Facili

A corporation framework agreement worth US $ 1.565 billion was signed in Beijing on Tuesday by the Port City Economic Commission, China Harbour Engineering Company, Browns Investments and Hunan Construction Investment Group, for the phase two develop

Power and Energy Minister Kanchana Wijesekera yesterday announced the appointment of energy sector expert Surath Ovitigama to the post of Chairman of the Petroleum Development Authority (PDA). Ovitigama is an energy industry professional, with over

The Free Trade Zone Manufacturers’ Association (FTZMA) has recommended to the Export Development Board (EDB) the resumption of the Export Forum and creation of a thriving environment for the sector. This recommendation came about during a recent c

The tea exports from Sri Lanka for the month of September 2023 totalled 23.16 million kilogrammes, expanding by 7.5 percent year-on-year (YoY). Majority of the product categories, except for bulk tea and instant tea, witnessed increases against the c

Advocata’s Bath Curry Indicator (BCI), a price index monitoring monthly fluctuations in the retail prices of commonly consumed food items, has reported a year-on-year increase of approximately 2 percent from September 2022 to September 2023. and a

The Oxford Global Society will be hosting a panel discussion on the topic ‘IMF: Long Overdue Reforms’ with Sri Lanka, as a case in point, on October 27, 2023. The Oxford Global Society is a policy think tank, which is headed by Professor Denis G

The second session of Sri Lanka Economic Summit 2023 titled ‘SOE Reforms – Now or Never’ will focus on the imperative for SOE reforms, sharing invaluable insights into the ongoing SOE reforms and their potential impact on economic growth. The

Raising government revenue is critical for Sri Lanka to recover from the current economic crisis and create a more sustainable economic environment. However, taxes should be paid by those who can bear the burden.

The Lanka Hospital Corporation PLC (LHC) said yesterday notices/advertisements will be published in national and international newspapers and magazines, starting October 18, 2023, inviting Expression of Interest (EOI) for the sale of the government-o

United Motors Lanka PLC (UML) said yesterday it has entered into a share sale and purchase agreement with TRF Singapore Pte. Ltd. to purchase 100 percent shareholding of Dutch Lanka Trailer Manufacturers Limited for a total sum Rs.700 million. UML in

Sri Lanka’s regulator for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), the Financial Intelligence Unit (FIU) has collected administrative penalties totalling Rs.1.7 million from four financial institutions during the p

AFP: Global emissions of planet-heating carbon dioxide are expected to rise around one percent to reach a new all-time high in 2023, the climate scientist behind the preliminary research said yesterday. Scientists say carbon pollution will need to be