World Bank Vice President for South Asia Martin Raiser concluded a three-day visit to Sri Lanka today, underscoring the need for urgent action to reverse the deep crisis through long overdue reforms.

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) celebrated excellence in corporate reporting at TAGS Awards 2022, on Tuesday,

Forensic audits will be conducted into the operations of Sri Lanka Transport Board (SLTB), Railways Department (SLR) and Road Development Authority (RDA), in order to implement required administrative reforms.

Although Sri Lanka’s consumer durables retailers may be able to navigate the worst economic conditions stemming from runaway inflation and import restrictions, they could suffer between a 30-40 percent slump in their sales volumes in 2023, potentia

The Power and Energy Ministry has kicked off efforts to look at ways to reduce the operational costs of mismanaged state-owned entity, the Ceylon Electricity Board (CEB). The Power and Energy Ministry yesterday held discussions with the senior offic

With the recent expansion drive in providing innovative automated RFID solutions across a range of industries, Cenmetrix partnered with Sadaharitha Plantations to deliver a first of a kind in Sri Lanka, RFIDs to track the life cycle of a tree in thei

Abans unveils the new and improved service hub at the flagship Service Centre, Wellawatta, with real-time Google My Business assistance as part of its ongoing interactive online expansion.

Sri Lanka’s leading dental material, medical and diagnostic device supplier and dental health care provider Oram opened its new office at No: 92, Pepiliyana Road Nedimala, Dehiwala, recently.

Pelwatte, one of the leading local dairy brands in Sri Lanka that produces a range of dairy goods and saves valuable foreign exchange for the country, launched a hybrid milk collection and sales centre in Anuradhapura.

Tradefirst (Pvt.) Ltd, the leading material supplier in the signage and outdoor advertising industry in Sri Lanka, conducted an outbound training programme for its staff in Kitulgala, recently.

While acknowledging the need to divest certain State-owned assets to re-build the country’s foreign reserves, Cabinet Spokesperson....

Sri Lanka would need to reach out to multilateral agencies in the near future to help fund the ambitious task of reforming the State-owned....

Asian Development Bank (ADB) Vice President Shixin Chen met with Sri Lanka President Ranil Wickremesinghe on December 5. Chen noted....

The transfer of Ordinary Voting Shares of Exterminators PLC from the Empower Board of the Colombo Stock Exchange (CSE) to the Diri Savi ....

Sri Lanka’s merchandise exports in October fell for the first time since March this year weighed down by the slowing garment exports.....

The 12-month treasury bill yield continued to come off its highs while the yields of the rest of the two tenors—3-month.....

The ASPI closed in green as a result of price gains in counters such as LOLC Holdings, Browns Investments and John Keells Holdings....

The Ceylon National Chamber of Industries (CNCI) had its 61st Annual General Meeting (AGM) recently when Chairman Canisus Fernando was re-elected to a second term. Fernando is CEO.....

Emerging Media, the market leader in Sri Lanka for digital screen display solutions, has been chosen as the Official Digital Media Partner for Lotus Tower Colombo. Spread over a land area....

Happy Feet & Hands (Pvt.) Ltd recently celebrated five years of operations. Founded by Nadeeshani Perera, Happy Feet & Hands opened its first outlet in 2017, right at the junction....

The leading plantations company Elpitiya Plantations celebrated its 25th anniversary by recognising its employees at a recently held event at Cinnamon Lakeside Colombo. The event was graced....

The Sri Lankan Chapter of the Entrepreneur’s Organisation (EO), the world’s largest peer-to-peer network of entrepreneurs, is inviting young Sri Lankan entrepreneurs to seize the opportunity to enhance....

It is high time that Sri Lanka started debating whether the tertiary education must be charged and should the private sector be allowed to get engaged more actively in this sector,

As Sri Lanka is pressed to make hard decisions and has no room for any mistakes, the island nation should ideally take a fresh look at three main dimensions of its economic recovery, National Institution for Transforming India (NITI) CEO Parameswaran

The Sri Lankan government remains steadfast in achieving microeconomic stability and debt sustainability, Finance State Minister Shehan Semasinghe told an international forum yesterday, indicating the island nation is on track to come out of the ongo

When Nepalese billionaire Binod Chaudhary first made a significant investment in 2001 in the iconic Taj Samudra Colombo, through a joint venture with Indian Hotels Corporation Limited (IHCL), it was in the middle of Sri Lanka’s debilitating war.

The Board of Investment of Sri Lanka (BOI) has attracted foreign direct investment (FDI) of US $ 713 million in the first nine months of 2022, the state-run investment promotion body said in a statement yesterday.

The United States yesterday officially handed over 9,300 tonnes of urea fertiliser to the Agriculture Ministry to distribute to more than 193,000 smallholder paddy farmers in the Jaffna, Mullaitivu, Mannar, Vavuniya, Anuradhapura, Trincomalee, Battic

Ghana offered investors a domestic debt swap yesterday to ease a crunch in payments as the government negotiates an International Monetary Fund (IMF) bailout during its worse economic crisis in decades.

The country’s construction sector has recommended to the government to issue them with treasury bills in lieu of their dues if no cash is available. The government....