Barely five MnKgs came under the hammer at the Colombo Tea Auction this week.

The challenges faced by the hard-hit construction industry were taken up for discussion at the National Council this week, so that the necessary measures can be taken to ease the ongoing hardships faced.

Disney is facing criticism from a high-profile investor that is unusual in the business world: that it is squeezing money out of its theme park customers.

Selyn Founder Chairman Sandra Wanduragala has been recognised by Forbes Asia in its 50 over 50 list, where it has recognised 50 women over the age of 50, from the Asia-Pacific region, who have reached exceptional heights in their industries and inspi

Living and operating businesses in the current economic environment in Sri Lanka is becoming increasingly daunting for the people, but President Ranil Wickremesinghe this week gave assurance that the government is on track to bring in the much-awaite

Sri Lanka’s Merchant Shipping Secretariat plans to issue license for Non-Vessel Operating Common Carriers (NVOCCs) under a new category allowing direct billing facilities next week.

The crisis-hit Indian Ocean state defaulted on its debt repayments and negotiated a US$ 2.9 billion (£2.4 billion) bailout.

While there won’t be a departure from the path agreed with the International Monetary Fund (IMF) to regain economic stability, a national election which could vote in a new government could delay the progress if they tried to negotiate its own poli

As economies across the world are determined to fulfilling the United Nation’s Sustainable Development Goals (SDGs), for Sri Lanka, financing these targets has become the biggest challenge, the Institute of Policy Studies (IPS) said.

Sri Lanka has cut its balance of payment (BoP) deficit, the balance between inflows and outflows from all its transactions with the rest of the world, after imports were suppressed through tight policies when the economy collapsed exhausting all its

Sri Lanka’s economy is expected to contract by 4.2 percent in 2023, after an estimated contraction of 9.2 percent in 2022, the World Bank (WB) shared in its latest projections.

The cost-of-living crisis will be the biggest global risk over the next two years, a survey by the World Economic Forum warned yesterday ahead of its Davos meeting next week.

Global growth is slowing “perilously close” to recession, the World Bank said Tuesday, slashing its 2023 economic forecast on high inflation, rising interest rates and Russia’s invasion of Ukraine.

The Cabinet nod has been granted to call for proposals from prospective investors to set up an export-oriented oil refinery in Hambantota.

Sri Lanka’s banks could receive some earnings relief from a likely cut in interest rates in 2023, as lower rates have the potential to deliver trading gains on the bond portfolio they hold and a slight improvement in their asset quality, which will

The Cabinet nod has been granted to call for expression of interest (EOI) from investors and strategic entrepreneurs to transform Mattala Rajapaksa International Airport (MRIA) into a multipurpose business centre, on a public-private partnership basi

The Treasury bill yields declined at the weekly auction held yesterday, continuing their weeks-long descent, although the prospects of an early economic recovery on the back of easing monetary policy remain elusive.

FACETS Sri Lanka Premier Edition concluded successfully at Cinnamon Grand Colombo on 09th January.

Dr. Ruchitha Perera, FCIM, Chartered Marketer (UK) has been elected to the Board of Directors of The Chartered Institute of Marketing,UK for a three-year term beginning December 2022. The appointment was announced at the Annual General Meeting held r

In continuation of adhering to its traditions and high standard of professional ethics, the Council of the Sri Lanka Economic Association (SLEA)

A new publication from the Institute of Policy Studies of Sri Lanka (IPS) finds strong evidence that tobacco farming is not a particularly lucrative enterprise for most smallholder tobacco farmers in Sri Lanka.

The Cabinet nod has been granted to further liberalise the country’s lubricant industry by calling for a fresh licensing round to allow new players to enter the market.

Hatton National Bank (HNB) won the coveted ‘Best Corporate Citizen Sustainability Award 2022’ at the nineteenth Best Corporate Citizen Sustainability Awards organised by the Ceylon Chamber of Commerce. Sampath Bank....

Courtyard by Marriott, part of Marriott Bonvoy’s extraordinary portfolio of 30 brands, yesterday announced the opening of Courtyard by Marriott Colombo, making it the first Courtyard...

The Cabinet nod has been granted to call for proposals from prospective investors to setup an export-oriented oil refinery in Hambantota. Minister of Power and Energy Kanchana....

The sharp decline in consumer goods imports, particularly non-food consumer goods last year reflected the extent to which consumer habits have been upended and how deep the people’s lifestyles have been....

The ASPI closed in red as a result of price losses in counters such as Melstacorp, Hayleys and Vallibel One with the turnover crossing Rs. 1.8 bn. A similar behaviour was witnessed...

With Cabinet of Ministers giving its nod to implement cost-reflective electricity tariffs from January, another substantial hike in electricity tariffs is imminent. Sri Lanka raised electricity tariffs by 75 percent....

In 2022, Sri Lanka faced its deepest ever economic and political crisis. The country’s descent into chaos accelerated from March, sweeping away high-level bureaucrats and political leaders held culpable....

The Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) and Chamber of Tourism and Industry of Sri Lanka (CTISL) recently signed a memorandum of understanding (MOU) at a high-level....