Pegasus Hotels Ceylon PLC yesterday disclosed plans to raise Rs.160 million from shareholders.

The Treasury bill yields plunged across maturities at yesterday’s bill auction, in response to the policy rate cut announced by the Central Bank last week.

BBC: The US has charged the biggest crypto trading platform in the country with operating illegally, widening its crackdown on the industry.

The import restrictions on 300 more products would be lifted by this weekend, Finance State Minister Ranjith Siyambalapitiya said yesterday.

REUTERS: Sri Lanka and Thailand could sign a free trade agreement (FTA) by March 2024, a top official of the Indian Ocean nation told Reuters yesterday, as it attempts to rebuild its crisis-stricken economy.

The government aims to improve the ratio between direct and indirect taxes to 40 percent vs. 60 percent.

While outlining the possible risks in the country’s financial sector, the World Bank (WB) maintained Sri Lanka’s economic recovery prospects almost unchanged, despite the anticipated slowdown in the global economy.

The government is determined to launch the proposed e-motoring system within this year overcoming resistance from certain bureaucrats.

Colombo Port City Economic Commission enters into agreement with International ADR Centre The Colombo Port City Economic Commission (CPCEC) yesterday announced it had entered into an agreement with the International ADR Centre (IADRC) to establish an

At a time when Sri Lanka is looking to restructure its state-owned enterprises (SOE), which continue to be a massive burden to the economy....

Taprobane Seafoods Sri Lanka and Direct Source Seafood USA have entered into a strategic partnership to produce, market...

Air China has announced that all bookings are open for its newly reinstated services between Colombo Bandaranaike,,,,

Honeywell International SARL has won a US$ 15.3 million contract to repair Honeywell Auxiliary Power Units (APUs) of SriLankan Airline’s ...

The Cabinet nod has been granted to ratify the Comprehensive Nuclear-Test-Ban Treaty (CTBT) after 27 years into signing...

The ASPI closed in red as a result of price losses in counters such as Expolanka Holdings, Aitken Spence and Vallibel One ....

The Gamani Corea Foundation (GCF) was set up by the internationally renowned late Dr. Gamani Corea in 2000 to take his passion...

The highly anticipated Construction Power and Energy Expo 2023 is set to take place from July 7 to 9, 2023, at the BMICH in Colombo. This event ...

In a landmark achievement, NDB has obtained the prestigious ISO27001:2013 certification, in an astounding four-month period....

Reaffirming its position as a market disruptor in the banking and financial sector of Sri Lanka, Sampath Bank is thrilled to announce...

UB Finance Co. Ltd, a premier licensed finance company in Sri Lanka, has been assigned a First-time National Long-Term Rating...

BBC: Oil prices have risen after Saudi Arabia said it would make cuts of a million barrels per day (bpd) in July. Other members of Opec+, a group of oil-producing countries, also agreed to continued cuts in production in an attempt to shore up flagg

At the invitation of the International Monetary Fund (IMF), the Ceylon Chamber of Commerce recently briefed the key representatives of the IMF on the recent economic developments in Sri Lanka and their impact on the country’s economic trajectory.

Key representatives of the globally-renowned philanthropy organisation Bill & Melinda Gates Foundation (BMGF), including Southeast Asia Lead for Policy and Government Relations and India Country Director Hari Menon, were in Sri Lanka last week, commi

The Sectoral Oversight Committee on Foreign Employment and Labour has instructed the official representing the Central Bank to submit a report on the investments made by the Employees’ Provident Fund (EPF).

The International Air Transport Association (IATA) yesterday announced that RwandAir CEO Yvonne Manzi Makolo has assumed her duties as Chair of the IATA Board of Governors (BoG) for a one-year term, effective from the conclusion of the 79th IATA Annu

Ceylinco Life yesterday announced the appointments of Ranga Abeynayake and Samitha Hemachandra as Chief Operating Officer (COO) and Deputy COO, respectively, following the creation of the two positions as part of the company’s leadership pipeline f

99x announced its consecutive four-year recognition as one of Sri Lanka’s Best IT/ITES Workplaces. This accolade underscores 99x’s unwavering commitment to fostering an exceptional work environment that promotes growth, innovation, and employee w

India’s first cruise ship to Sri Lanka was flagged off from Chennai Port yesterday (June 5), Indian media reported.

The Sri Lanka Tourism Alliance (SLTA) launched its mini destination consumer marketing campaign ‘Fall in Love Again’ in October 2022.

Sysco LABS successfully concluded another cycle of the ‘Industry Reconnaissance & Engagement Programme’ in partnership with the University of Moratuwa recently.