Maliban, one of Sri Lanka’s largest manufacturers of confectioneries, will have improved access to the Indian market as it has joined hands with Reliance Consumer Products Limited (RCPL), the FMCG arm and a wholly owned subsidiary of Reliance Retai

As Sri Lanka is gearing up to celebrate its 75th Independence Day on February 4, the Central Bank has issued an uncirculated commemorative coin in the denomination of Rs.1000.

Under-fire Indian tycoon Gautam Adani’s empire has lost more than US$ 100 billion in value over the past week as shares in several firms plunged again yesterday, a day after the group cancelled a multi-billion-dollar public offering.

Bangladesh government has sought a revision to the power purchase agreement it signed with Adani Power Ltd for importing electricity from its thermal power plant in Jharkhand of India.

As the natural rubber auction prices have crashed by over 50 percent within six months despite high cost of production, the government plans to impose further strict controls on rubber imports in order to ensure a fair price for local rubber farmers

Minister of State for Foreign Affairs and Pakistan Peoples’ Party (PPP) leader Hina Rabbani Khar will undertake a two-day visit to Sri Lanka from today, Pakistan media reports said.

Sri Lanka’s overall deficit in the balance of payment (BOP) fell substantially from the highest ever levels reached in 2021, which triggered the economic meltdown last year after the country ran out its foreign currency reserves.

Norway’s sovereign wealth fund this week reported a record loss of 1.64 trillion Norwegian kroner (US$164 billion) for the whole of 2022, citing “very unusual” market conditions.

IFC has appointed Riccardo Puliti as its new Regional Vice President for Asia and the Pacific.

At the last Annual General Meeting of the Colombo Club held, history was made as the club elected Anushya Coomaraswamy as its first-ever lady Chairperson.

Cruise ships Artania, Coral Geographer and The World visited Hambantota International Port (HIP) in January 2023.

Lenovo, global technology leader, announced the opening of its first SIS (Shop-In-Shop) store at Technocity, in Colombo.

The first-ever Technology Channel Conference 4.0 was successfully concluded at Shangri-La Colombo recently.

Building on its promise to continuously add value for its customers, Airtel Sri Lanka unveiled the latest in its range of prepaid Unlimited Freedom Packs, delivering more value, more freedom and unlimited access to six of the most popular social medi

In commemoration of the nation’s 75th Independence Day, SLT-MOBITEL, the national ICT solutions provider, is gifting SLT-MOBITEL Home Broadband customers an amazing offer of 75GB YouTube data bundle.

Sri Lanka continues to gain attention for its unique tourism offering and bringing the destination under the spotlight once again is its scenic beauty.

The weeks-long descent in Treasury bill yields came to a halt yesterday, except for the 12-month bills, as the Central Bank rejected bids, which had come at above the offered yields at the auction, after it sold 2025 and 2027 bonds at substantially h

Billionaire venture capitalist Tim Draper proposes Sri Lanka to adopt bitcoin as its currency while enabling cross industry adoption of artificial intelligence (AI) through 5G to position the country as paradise for global entrepreneurs.

Diamond Cutters Ltd, Sri Lanka’s highest export earner in the gem and jewelry segment, is expanding its operations with a US $ 12.5 million new factory dedicated to cutting and polishing diamonds completely for the export market.

PayPal said Tuesday it plans to lay off about 2,000 employees or roughly 7 percent of its staff, making it the latest tech firm to announce significant job cuts in recent months amid broader economic uncertainty.

Sampath Bank’s Rs.10 billion Basel III-compliant debenture issue, which officially opened yesterday, was oversubscribed on the opening day.

The UK economy will shrink and perform worse than other advanced economies, including Russia, as the cost of living continues to hit households, the International Monetary Fund (IMF) has said.

The Planter’s Association (PA) of Ceylon called on the industry stakeholders to cooperate and expedite the formalisation of the revenue-sharing wage model that is linked to productivity, so that all players in the sector would stand to gain and col

The government has taken a policy decision to settle the outstanding payments owed to the construction industry from the capital allocations...

The Central Bank remains hopeful that all bilateral creditors of Sri Lanka would provide the financing assurances to the International Monetary....

John Keells Holdings PLC reported solid top line growth for the December 2022 quarter (3Q23), but profitability came under severe pressure....

Inflation in the Colombo district further eased in January, continuing the disinflation path set off four months ago. But, the prices measured on a monthly....

Pakistan could face a crunch in fuel supplies in February as banks have stopped financing and facilitating payments for imports....

George Steuart Teas commissioned its first machine at the new Value Creation Complex recently. Located in Talwatte, Kelaniya, the new Value Creation Complex is one of Sri Lanka’s....

Oceanpick, Sri Lanka’s first oceanic fish farm, paid tribute to the late Alain Michel by renaming its Trincomalee hatchery after the French aquaculture veteran. The rebranding of the hatchery....