Dr. Krishnamurthy Subramanian, Executive Director (India) of the International Monetary Fund (IMF), yesterday said Sri Lanka has completed all the requirements to be met for the IMF relief package.

As highly competitive education systems and labour markets have led to a significant boom in private tutoring and the growth of education technology companies in the South Asia region, a report from UNESCO says a premium on English language education

The home coming of a couple in Galatha in Gampola has ended up in a dispute when the bride assaulted the groom for enjoying a drink of beer with one of his friends. The bride who lost her temper had bit off a piece of the groom’s ear, assaulted his

While stressing the need for fresh elections to elect a new government to come out of the on-going economic crisis, National People Power (NPP) Leader Anura Kumara Dissanayaka vowed to build a resilient social market economy by transforming the count

The Treasury bill yields continued to decline on rising optimism over the possibility of an early deal with the International Monetary Fund (IMF), after India and China last week signalled their willingness to support Sri Lanka’s debt restructuring

Ending the months-long ascent to multi-year highs, the prime lending rate set off to a declining path this month, in a potential sign of a broader decline in the market lending rates.

Commercial Bank of Ceylon has announced that it has opened an Indian rupee-denominated Nostro account at the 116-year-old Indian Bank-Mumbai, to facilitate trade transactions between Sri Lanka and India.

Hindenburg Research yesterday said it held short positions in Adani Group, accusing the Indian conglomerate of improper extensive use of entities set up in offshore tax havens and expressing concern about high debt levels.

Sri Lanka Tourism will be making the most of the funding available to promote the island nation on the international stage by working on only seven key tourist traffic-generating markets,

Come March, Sri Lanka will host its first-ever event to promote the destination for meetings, incentive travels, conferences and exhibitions/business events (MICE).

Senior delegations from three leading British independent schools visited Colombo for discussions with the Colombo Port City Economic Commission and senior management of Port City Colombo earlier this month, pertaining to the development of an Intern

Swisstek Aluminium Ltd., established in 2009, is a subsidiary of Lanka Walltiles PLC which comes under the reputed Vallibel One PLC Group.

Condominiums in Sri Lanka are mainly subjected to and follows three Acts; namely the Apartment Ownership law 11 of 1973, 45 of 1982, and 39 of 2003, which are unfavorable and non-facilitating the possession of pets within a condominium parcel (apartm

Apex Modular, established in 2023 as a joint venture between JAT Property Group and Apex Asia Holdings in Sri Lanka, was recently appointed the licensed manufacturer for Estonian-based mobile module supplier ‘LTG Lofts’.

A business delegation of the Sverdlovsk Region of the Russian Federation recently paid a courtesy visit to the Board of Investment of Sri Lanka (BOI) and called on BOI Chairman Dinesh Weerakkody, Director General M. Weerakone and other top officials.

The Sri Lanka Institute of Directors (SLID) and Ernst & Young, Sri Lanka (EY) will be launching the exclusive Survey Report 2022 on Board IT Governance on January 31 at the Cinnamon Lakeside, Colombo.

Overnight liquidity in the interbank market narrowed its deficit significantly and at times turned positive after the Central Bank announced limits on access to its standing facility windows from the middle of this month.

Sri Lanka has moved closer to securing a crucial $2.9 billion loan from the International Monetary Fund (IMF) after India offered Sri Lanka the assurances it needed from its major creditors for the bailout package.

Irrespective of the turbulent business environment, Lanka IOC (LIOC) succeeded in extending its robust performance in the previous two quarters on to the third quarter ended December....

The Cabinet green light has been granted to promptly implement an e-license programme at the Import and Export Control Department with a US$ 280,000 grant from the United....

The Cabinet nod has been granted to enter into an agreement with the Colombo International Container Terminal (CICT), a unit of China Merchant Ports Group, to setup a cargo service centre in the Battenberg...

First Capital Research (FCR) assigned a 50 percent probability for the Central Bank to leave the key policy rates unchanged at the monetary policy announcement scheduled for today....

The Cabinet has cleared the path for Airports and Aviation Services (Sri Lanka) Private Limited to raise the air navigation fees for international flights flying over the Colombo Flight Information Region....

The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country’s efforts to secure a US$ 2.9 billion loan from the International Monetary Fund....

The Cabinet nod has been granted to enter into an accord with the Kingdom of Saudi Arabia to prevent double taxation and tax evasion. President Ranil Wickremesinghe...

The ASPI closed in red as a result of price losses in counters such as Vallibel One, Hayleys and Expolanka Holdings with the turnover crossing Rs. 1.4 bn. A similar behaviour....

Colombo Dockyard PLC (CDPLC) is confident of generating over US $ 80 million forex revenue through shipbuilding and ship repairing operations this year. “We are en route to generate...

The golden jubilee partnership between Singapore Airlines and Aitken Spence as the general sales agent (GSA) in Sri Lanka was recently celebrated in grandeur at The Stables, Park Street Mews...

Apollo Tyres, the leading tyre manufacturer, in partnership with the Telangana government, has announced the launch of a Digital Innovation Centre in Hyderabad and Canvas (Pvt.) Ltd, the leading interior design...

The 34th Annual General Meeting of the Computer Society of Sri Lanka (CSSL) was held recently and the new Executive Council for the year 2022/2023 was duly elected. UCSC Director Dr. Ajantha S. Atukorale....