The massive brain drain witnessed in Sri Lanka has left the local banking sector to deal with a fresh set of challenges, as the rate of talent outflow in the industry has almost doubled from what it was five...

Sri Lanka’s construction sector continued to show constrained performance in August 2023, although it did move towards the neutral threshold, the construction Purchasing Manager Index...

A pioneering Sri Lankan tech consortium has launched an innovative platform, offering the government of Mozambique access to US$ 300 million in donor funding. This revolutionary system....

Banks’ asset quality issues appeared to have peaked in the second quarter as they looked past the worst of the crisis that hit the economy last year, as the country is looking to stage a mild rebound...

Fitch Ratings announced last week it has upgraded Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CCC-’ from ‘RD’ (Restricted Default). While the Country....

Sun Match Company’s flagship ‘Soorya’ is proud to announce sponsorship of the fourth New Generation Awards 2023, an initiative dedicated to celebrating the exceptional achievements of young individuals...

Sayuru, powered by Dialog Axiata PLC, partnered with the Marine Environment Protection Authority (MEPA) on the World Ocean Day, in a shared mission to advance sustainable development initiatives...

Hayleys Fentons, with over a century of excellence in engineering and project management, proudly walked away with four accolades at the National Project Management Excellence Awards (NPME) 2023, securing....

Sri Lanka’s favourite confectionary brand Munchee introduced Munchee Rollz exclusively at Cargills Food City, to provide a unique experience, which has not been explored before by a Sri Lankan confectionary...

Ceylon Biscuits Limited (CBL), recognised as a Sri Lankan confectionery and food manufacturing conglomerate, has taken the initiative to embrace new technologies and development methodologies...

The International Monetary Fund (IMF) agreement states to reduce the state enterprises making losses and to maintain cost recovery in electricity pricing. This would mean that the state enterprises should....

SriLankan Airlines has entered into a first-ever interline partnership with Virgin Australia that will strengthen the airline’s network in Australia and offer customers extensive connections across the land down...

In a testament to its unwavering appeal and remarkable quality, 808 Regency has successfully sold an impressive 52 percent of its inventory in just one month. This milestone...

Dr. Ruchitha Perera was appointed as Executive Director of the Family Planning Association of Sri Lanka (FPA), with effect from October 1, 2023. Announcing his appointment....

CMA Professional Excellence Awards were presented to several top accounting professionals, who have contributed to the accounting profession and excelled in their professional and business career. The awards were...

The Cabinet of Ministers this week gave approval for the establishment of a National Debt Management Institute.

A local tourism industrialist stated that the government’s imposition of minimum meal rates for Sri Lankan hotels could be unrealistic and potentially has adverse effects on the tourism industry.

The charity establishments that work towards the wellbeing of children will soon be provided with tax relief with the Cabinet of Ministers having approved this week the amendment of the Inland Revenue Act to accommodate the changes.

As Sri Lanka plans to join the Regional Comprehensive Economic Partnership (RCEP), President Ranil Wickremesinghe emphasised the....

Headline inflation, as measured by the year-on-year (YoY) change in the Colombo Consumer Price Index (CCPI), decelerated to 1.3 percent....

Finance State Minister Shehan Semasinghe earlier this week held a meeting with Faris Hadad-Zervos, who serves as Country Director...

Sri Lanka will enter into a loan agreement with the Asian Development Bank (ADB) for a policy loan amounting to US $ 200....

The ASPI closed in green as a result of price gains in counters such as Commercial Bank, Sampath Bank and C T Holdings...

Axiata Digital Labs (ADL), the technology hub of Axiata Group Berhad, has announced the opening of two new offices in Indonesia...

In a collective move to fortify the digital skills pipeline, Huawei, the ASEAN Foundation, and the Southeast Asia Ministers ....

The World Summit of the International Federation of Purchasing and Supply Management (IFPSM), was held in Florence....

Colombo this week witnessed the grand arrival of Perago, a premium furnishing retailer. The esteemed brand....

USAID Sri Lanka Energy Programme has collaborated with the Jetwing Colombo Seven, to usher in a new era of environmentally ....

A high-profile delegation from Sri Lanka, led by Labour and Foreign Employment Ministry Secretary R.P.A. Wimalaweera, embarked on a four-day study tour to Indonesia, from September 4-7, 2023.

The 44th National Conference, organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), has received....