While Sri Lanka successfully crossed the hurdle of unlocking the International Monetary Fund (IMF) bailout package on Monday, it also became the first country in the Asian region to have its governance come...

In order to regulate the casino industry and plug tax loopholes, the Cabinet nod has been granted for the Betting and Gaming Levy (Amendment) Bill to be tabled in parliament for approval. After securing clearance...

Azzam A. Ahamat has been appointed as a Non-Executive Non-Independent Director of People’s Insurance PLC with effect from February 23. He serves also....

Sri Lanka will have to devise a plan taking into account the possibility of a domestic debt restructuring as the International Monetary Fund (IMF) points out that its programme envisages measures to adequately....

Sri Lanka’s roughly US$3 billion loan agreement with the International Monetary Fund (IMF) will look to protect the poorest while tackling deep-rooted economic issues, a senior IMF official told AFP...

Indices at the Colombo Stock Exchange (CSE) closed in the red yesterday despite Sri Lanka securing International Monetary Fund Board approval for US$ 3 billion. Brokers said the good...

LOLC General Insurance PLC (LOLC GI) has entered into a Memorandum of Understanding (MoU) with the Ananda College Old Boys’ Association (ACOBA) to enable members to promote the unique....

National consumer prices edged up in February as non-food prices climbed on the back of the increase in electricity and petrol prices, which offset the persistent decline seen in food prices. Consumer prices...

People’s Bank has joined hands with International Finance Corporation (IFC) and National Chamber of Commerce of Sri Lanka (NCCSL) to strengthen the financial awareness and financial literacy of Micro...

The newly established ‘Smart Travels’ travel agent company is one of the subsidiaries of Future Life Investment.. It’s equipped with highly...

The Ambassador of Italy, Rita Giuliana Mannella made a courtesy call on the Director General of Civil Aviation & Chief Executive Officer P. A. Jayakantha recently at the CAASL. The discussions....

SriLankan Airlines’ commitment to safety has been reaffirmed with the recent successful completion of the International Air Transport Association (IATA) Operational Safety Audit (IOSA). The IOSA programme....

One of the investment plans SLIC has introduced in the recent times to the market is the Sri Lanka Insurance Wealth Plus plan. It is an ideal insurance solution for a customer who is looking...

Sanasa Life Insurance steps to introduce ‘Labandi Ranwasi’ special health insurance policy for women and it was introduced on the event of Women’s Day on March 8th. Under the ‘Labandi....

Aitken Spence Hotel Managements’ Heritance brand of properties has been endorsed for its sustainable tourism efforts by the prestigious international recognition - Travelife Gold. Heritance Kandalama...

President Ranil Wickremesinghe yesterday said the International Monetary Fund (IMF) Board approval would allow Sri Lanka to access foreign financing up to US $ 7 billion from the IMF, international financial institutions and other multilateral organi

The International Monetary Fund (IMF) yesterday said its Executive Board approved a US $ 3 billion financing for Sri Lanka under the Extended Fund Facility (EFF), which will be disbursed within a period of four years.

Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe’s office said yesterday on the eve of a desperately needed US $ 2.9 billion International Monetary Fund (IMF) bailout.

Sri Lanka’s private creditors are considering a proposal to swap defaulted bonds with new securities that would have cash flow linked to the nation’s future growth, a news report by Bloomberg said.

While ruling out a swift economic recovery, the government projected the economy to contract by around 10 percent in the first quarter, with an overall 3 percent contraction in the economy for this year.

The participants of the adventure trail Raid Amazones 2023 arrived at Bandaranaike International Airport yesterday morning,

As Sri Lanka’s major apparel markets continue to grapple with challenges, the local apparel industry is experiencing a decline in orders to the tune of 20 percent compared with last year, an industry association said.

The Export Development Board (EDB) is paving the way for Sri Lankan entities to explore the US $ 3.4 trillion African market and reap the benefits offered when engaged in business in that region.

The European financial system is “resilient” and has sufficient liquidity, the European Central Bank said yesterday, as banking shares plunged following the announcement that UBS would take over troubled rival Credit Suisse.

Inspired by the challenge to provide Sri Lankan children with better access to learning materials and the transformative power to read and comprehend English, Brandix launched the ‘RightToRead’ project in 2018 in collaboration with the Ministry o

The National Chamber of Exporters of Sri Lanka (NCE) recently saw tea industry veteran Jayantha Karunaratne taking up the role as president of the association.

Heineken Lanka has announced the appointment of Johann Munaweera as its Director - Corporate Affairs. He will also serve as a member of Heineken Lanka’s management team.

Lanka Marine Services (Pvt) Ltd. (LMS), Sri Lanka’s leading supplier of fuel to ships, expanded its services to supply fuel to local businesses from April 2022. Amid fuel shortages in the country, this enabled local businesses to continue uninterru

Sri Lanka Telecom PLC (SLT) and Lanka Hospitals Corporation PLC yesterday informed the Colombo Stock Exchange that they had received letters from the Treasury secretary, informing that the Cabinet of Ministers had granted approval in principle for th

Sri Lankans could receive a welcoming surprise at the pump in a matter of days or weeks as the global oil hit a 15-month low last week on concerns about a banking sector crisis in the United States...