India is drafting a proposal for G20 countries to help debtor nations badly hit by the economic fallout from the pandemic and Ukraine war, by asking the lenders, including China, the world’s largest sovereign creditor, to take a large haircut on lo

Diversified conglomerate Sunshine Holdings PLC saw its earnings more than halved in the December quarter 2022 (3Q23), amid higher sales costs and finance cost, the interim financial accounts released to the Colombo Stock Exchange showed.

Hela Apparel Holdings PLC had to contend with the sluggish demand from its key clients in the US and Europe during its fiscal third quarter ended in December 2022, as the central banks there raised the interest rates at the fastest pace in four decad

Tourism activity in Sri Lanka is picking up but despite the increased momentum, national carrier SriLankan Airlines said it would not be able to expand its routes as much as it wanted.

The beleaguered Pakistani economy faces substantial credit risks with “critically low levels” of foreign exchange reserves, New York-based global ratings agency Fitch said on Tuesday, warning that a default is a “real possibility”.

National carrier SriLankan Airlines is currently in a tight situation with the declining number of pilots it has but the scenario is manageable as of now, its CEO said.

The Cabinet nod has been granted to replace the archaic colonial-era Excise Ordinance with a new law aligned with modern requirements.

In an effort to make payment processes in public sector institutions convenient, the Technology Ministry has called on its officials to take immediate measures to make electronic payment facilities mandatory, a proposal made in the 2023 budget.

Officials from China, India, Saudi Arabia and Group of Seven nations will participate in a first virtual meeting of a new sovereign debt roundtable on Friday, the International Monetary Fund said on Monday....

Hayleys PLC’s profits capitulated in the December 2022 (3Q23) quarter on the back of rising working capital needs amid soaring interest rates to sustain operations as the corporate behemoth had to navigate....

Producer prices budged only a very little in December while monthly prices climbed again after an about turn from a month ago reflecting that prices confronted by suppliers still remain extremely sticky. The Producer....

The government expects to sign the free trade agreement (FTA) with Thailand within this quarter, expediting the FTA process. The Cabinet of Ministers on Monday approved...

The ASPI closed in red as a result of price losses in counters such as Commercial Bank, Softlogic Life Insurance and Lanka IOC with the turnover crossing Rs. 2.2 bn. A similar behaviour...

Vogue Jewellers, Sri Lanka’s most trusted jeweller, recently announced the opening of its newest branch at No. 41, Kandy Road, Kiribathgoda. Operating from 10:00 a.m. to 6:00 p.m. on...

As 2022 drew to a close, International Water Robotics/IWROBOTX Co-Founder Nishantha Ruwan Wickramasinghe celebrated two important awards for his company. IWROBOTX was chosen...

Hameedia, Sri Lanka’s leading menswear brand that is synonymous with style and quality, has continued its journey to transform Sri Lanka’s grocery shopping experience by opening its second Green Mart gourmet...

CFA Society Sri Lanka and the Sri Lanka Institute of Directors (SLID) recently renewed their collaborative partnership for the fourth consecutive year to facilitate collaboration between the two professional....

The Association of International Marketing Graduates in Sri Lanka (AIMG) appointed Kanchana Karunagama to carry out the duties as the new Chairman of the association, at the recently concluded Annual....

The Institute of Certified Management Accountants of Sri Lanka (CMA), in collaboration with the Colombo Stock Exchange (CSE), rang the market opening bell to commemorate the CMA Sri Lanka Excellence...

Exterminators PLC, Sri Lanka’s premier pest tech and environmental enhancement technology company, announced its interim financial results for the first nine months of FY23, posting the best ever 3Q and...

Leading flexible packaging manufacturer ACME Printing and Packaging PLC recorded a group revenue of Rs.334 million for the quarter ended on December 31, 2023 (3Q23), which was a 49 percent....

Several industry stakeholders yesterday disassociated themselves from the ‘Deep Jungle Festival’, as the event came under harsh criticism for being insensitive towards the wildlife.

The contraction in the industrial sector activities deepened in December 2022 from a month earlier, in a reflection of the continued decline in the overall economic activity in response to the runaway prices and a flurry of tight policies brought int

The International Finance Corporation (IFC) has reaffirmed Commercial Bank of Ceylon’s status as the South Asian financial institution to record the highest number of climate finance transactions in the fiscal year 2022, awarding Sri Lanka’s benc

‘World for Lanka’ (WFL), a web platform designed to appeal directly to global netizens to support Sri Lankan people, was launched yesterday.

Rasika Karunatilake has been appointed as the new Managing Director of Sysco LABS Sri Lanka.

Sri Lanka’s housing market weaknesses could persist at least through the first half of next year, after the once red-hot sector was beset by the economic crisis, causing a slump in demand amid the heavy mortgage rates, cost overruns and project del

Grand Gain Industrial Ltd (GG), a Hong Kong-based company specialising in developing, manufacturing and sale of polyurethane foam cups for the brasserie industry,

Sri Lanka’s external reserves surpassed two billion dollars in January, reflecting gradual improvement in the foreign exchange conditions....

While acknowledging and appreciating the financing assurances provided by Sri Lanka’s creditors thus far towards achieving International Monetary Fund (IMF) Executive Board approval for the envisaged bailout package, the Ceylon Chamber of Commerce