In an effort to improve Sri Lanka’s tourism offering, President Ranil Wickremesinghe yesterday instructed officials to step up efforts in developing the tourism hotspot Ella.

The tourist arrivals to Sri Lanka for the first two weeks have crossed the 30,000 mark, bringing the total number of international visitors entering the country to 658,210.

As Sri Lanka is particularly susceptible to the negative impacts of climate change as a small island and developing nation, efforts have been taken by the United Nations Development Programme in Sri Lanka (UNDP) to partner with the Environment and Fi

UN Climate envoy and ex-Bank of England boss Mark Carney’s firm sold farms in Brazil linked to deforestation claims.

Given the rent-seeking and corrupt elements associated with tax incentives and tax holidays granted on adhoc basis, a top investment professional urged the government should sunset all “senseless” tax holidays granted while focusing on more targe

Speaker Mahinda Yapa Abeywardana on Wednesday endorsed the certificate on the Value Added Tax (Amendment) Bill.

Offering a dire warning of what could become possible from higher interest rates in an extended period, CT CLSA Securities said unless the rates start coming down at least from the first half of next year, highly leveraged companies could see debt di

Experienced banker and current Chief Operating Officer Naleen Edirisinghe has been made Designate Chief Executive Officer of Pan Asia Banking Corporation PLC with effect from January 1, 2023.

Logistics and heavy cargo transportation campany, Advantis Projects, a subsidiary of Hayleys Advantis Limited, is swiftly moving ahead with the delivery of two of the largest Tunnel Boring Machines (TBM) ever to be deployed in the island.

The Securities and Exchange Commission has charged seven Twitter users and a podcaster in an alleged US$ 100 million stock manipulation scheme run through social media, the agency said Wednesday.

The Chamber of Construction Industry (CCI) recently initiated a dialogue with banks on mitigating the difficulties faced by the construction industry. The meeting that was held on December 12 was attended by senior officials of nine key commercial ba

Amid the strict-import control regime on rubber, Sri Lanka’s natural rubber prices are stabilising with rubber import volumes halving in November, according to State Minister of Finance Ranjith Siyambalapitiya.

The first Woman Rotary Global President Jennifer Jones called on all Sri Lanka Corporates to be focused not only on profit or bottom lines but also in the triple bottom line metrics of social, environmental and financial results even though the count

A mobile app dedicated to self-guiding tourist information, navigation and virtual tours was launched for the first time in Sri Lanka at the Wilpattu National Park, yesterday.

The executive board of the International Monetary Fund is not expected to formally approve Sri Lanka’s US $ 2.9 billion bailout before year-end, a key step required for the embattled country to receive funding, two sources familiar with the matter

The Central Bank said debt restructuring negotiations with the bilateral creditors are progressing smoothly aligned with the government’s intentions to obtain financing assurances by next month, in order to secure the final approval for the Interna

The investment fund of Norway’s Central Bank, Norges Bank, is believed to be among those who bought the shares of human resource management software solutions provider hSenid Business Solutions PLC (HBS) yesterday, with over 10.7 million HBS shares

The tea exports in the month of November dipped 25 percent year-on-year (YoY) to 19.28 MnKgs, as all main categories recoded declines compared to the previous year, according to Forbes & Walker Tea Brokers.

The Indian government is mulling curbs on the export of maize, including a ban, particularly amid demand from the poultry and starch manufacturing sector increasing.

The Securities and Exchange Commission (SEC) has imposed an administrative penalty of Rs.500,000 on Capital Trust Securities (Pvt.) Ltd, with regard to making recommendations to clients without a basis with in respect of the shares of Softlogic Life

As both headline and core inflation decelerated in October and November, the Central Bank expects the contribution from food, energy and transport to consumer prices to ease further in the months ahead, supporting the envisaged disinflation path.

The World Food Programme (WFP) Executive Board has approved Sri Lanka’s Country Strategic Plan (CSP) for the period between 2023 and December 2027, valued at US $ 74.87 million.

The Federation of University Teachers’ Association (FUTA) yesterday staged a protest opposite the University Grants Commission (UGC) against the recently hiked tax rates, corruption....

The Chamber of Pharmaceutical Manufacturers- Oyamaduwa (CPMO), the local investors of the ‘Suwa Siri Pura’ pharmaceutical manufacturing zone in Oyamaduwa, Anuradhapura, recently held a discussion...

Keells Holdings PLC last Friday announced the appointment of Dr. Sharmini Amrita Coorey as an Independent Non-Executive Director on its Board with effect from January 1, 2023. She was also....

Leading renewable energy producer Windforce PLC is gearing to venture into the electric vehicle (EV) market. According to the November monthly....

The government is said to be considering the possibility of upgrading all Pradeshiya Sabhas to Urban Councils while granting more powers to address grassroot level issues. President Ranil Wickremesinghe....

The ASPI closed in red as a result of price losses in counters such as John Keells Holdings, Richard Pieris & Company and Aitken Spence with the turnover crossing Rs. 1.3 bn. A similar behaviour was...

State-owned banking giant Bank of Ceylon (BOC) yesterday announced plans to raise Rs.20 billion via an unlisted debenture issue. To this end, BOC said...

Colombo International Container Terminals (CICT) has announced a milestone collaboration with the Chartered Institute of Logistics and Transport (CILT) to provide job-based training opportunities for young....