The Central Bank sold Rs.98.0 billion in bills at the primary Treasury bill auction held yesterday, where the yields slipped from last week, continuing the weeks-long declining streak into the final bill auction for 2022.

The Monetary Board of the Central Bank of Sri Lanka yesterday announced the cancellation of the Finance Business Licence issued to Swarnamahal Financial Services PLC (SFSP), in terms of Section 37(3) of Finance Business Act, No. 42 of 2011 (FBA), wit

Come 2023, Sri Lanka hopes to brew a strong Ceylon Tea cuppa, as the corrective actions taken by the authorities and industry in recent months are expected to help pull the struggling industry back on track.

First Capital Holdings PLC, a member of the Janashakthi group, yesterday announced the appointment of Manjula Mathews as Deputy Chairperson to its board and the promotion of current Director/CEO Dilshan Wirasekara to Managing Director/CEO.

In response to the disclaimer of opinion issued by the external auditors on the financial statements of Nawaloka Hospitals PLC for the financial year ended on March 31, 2022, the company this week said it is taking remedial actions to address each on

The Food and Agriculture Organization of the United Nations (FAO), with funding through the United States Agency for International Development (USAID), will distribute 36,000 metric tonnes of Triple Super Phosphate (TSP) fertiliser to all paddy farme

The Hambantota International Port (HIP) is supporting Colombo Dockyard PLC (CDPLC) to handle running repairs to vessels while they remain afloat in the harbour.

Says dollar earning companies could navigate the import shortages and beat domestic inflationary forces much better Offering a stark....

In a snap move late Monday, China said from January 8 inbound travellers would no longer be required to quarantine on arrival in a further.....

The Inspector General of Police (IGP) has instructed police officers to investigate and pursue necessary legal action over complaints....

Although the prolonged suspension on vehicle imports and the slump in purchasing power would continue to weigh on the demand for lubricants....

Anverally and Sons (Pvt) Ltd., a leading exporter of Sri Lankan tea, whose unique blends have captured the attention of connoisseurs worldwide, has ended 2022 on a high note, winning two prestigious....

Reiterating the product excellence of the world’s foremost health & hygiene brand, Dettol was bestowed with two accolades by the Sri Lanka Institute of Marketing (SLIM) at the SLIM Brand Excellence Awards...

CIPM Sri Lanka recently held a fruitful discussion with Minister of Labour & Foreign Employment Manusha Nanayakkara, on Developing Human Resources for Sustainable Economic Growth of Sri Lanka at the CIPM....

Sri Lanka’s largest paint and surface coatings exporter and heritage brand of Macksons Holdings, Multilac struck Gold once again at the 30th National Chamber of Exporters (NCE) Export Awards, winning....

Building on its recent partnership with India’s Okaya Power, DSL Energy, a member of Douglas & Sons (Pvt) Ltd. (DSL), recently launched an electric scooter for the first time in Sri Lanka. Gopal Baglay....

With the view of uplifting the hospitality education sector in Sri Lanka, the Swiss Hospitality & Management Academy (SHMA) of A. Baur & Co. Pvt Ltd. also known as Baurs, a leading conglomerate...

The High Commissioner of India to Sri Lanka, Gopal Baglay, visited TVS Lanka vehicle assembly facility in Horana recently coinciding with its 1-year anniversary. During the visit, HC interacted....

The ASPI closed in green as a result of price gains in counters such as Richard Pieris & Company, Lanka IOC and LOLC Holdings with the turnover crossing Rs. 1.3 bn. Similar behaviour...

Labour migration has been identified as one of the leading causes for the recent loss of employment witnessed in the country.

The authorities are now mulling another upward revision in water tariffs, weeks after they insisted that another round of electricity tariff hike was required to provide uninterrupted power next year.

A flat 15 percent withholding tax will be imposed on dividend payments and it will be considered as the final tax on dividends, with effect from January 1, 2023.

The government plans to introduce several digital systems and services to strengthen the public tax administration, with a view to replicate the success of the foolproof sticker management system introduced by the Excise Department.

The Foreign Affairs Ministry and tourism sector authorities and stakeholders are exploring avenues to see where efforts can be stepped up to reverse the negative publicity regarding Sri Lanka.

The cement use from both local production and imports, which acts as a close proxy for the construction sector heft and overall economic dynamism, slumped in the nine months of 2022 compared to the same period last year.

Destination Sri Lanka came under fresh spotlight this week, with one of its most prominent tourist traffic generators affirming the island nation is open, safe and welcoming to international travellers.

The tourist arrivals to Sri Lanka for the first 20 days of December have crossed 50,000, indicating a significant improvement in tourism activities.

The government is in the midst of reviewing the Value Added Tax (VAT) exemptions granted to various products and services...

The United States Agency for International Development (USAID) officially launched this week a five-year project in Sri Lanka and the Maldives to reduce environmental plastics.

Luxury cruise ship Silver Spirit called at the Port of Colombo yesterday.