All government payments will be made online with effect from March 1, 2024, President Ranil Wickremesinghe said.

The Ceylon Chamber of Commerce (CCC) yesterday said the Budget 2023 contains many laudable reform proposals which, if implemented in a timely manner, will complement the on-going fiscal reforms outlined prior to the budget.

Despite the sharp electricity tariff revision in August, it would not be enough to cover the Ceylon Electricity Board’s (CEB) operating costs, according to Fitch Ratings.

The massive provisions made on account of possible loan defaults and investments in dollar bonds of the government resulted....

Pan Asia Banking Corporation PLC saw subdued profits in the three months to September (3Q22), on massive provisions against....

The project financing obtained from the Exim Bank of China is to be reclassified as central government debt yet again, as the government....

President Ranil Wickremesinghe yesterday proposed to eliminate para-tariffs on imports within a five-year period on a phased-out basis....

Sri Lanka would be taking renewed efforts to streamline foreign investment and export processes by bringing all the relevant agencies....

In an effort to strengthen the revenue position of the country, the government would initiate the restructuring.....

Budget 2023 yesterday proposed to set up an insurance fund to provide coverage for private sector employees who lose....

Sri Lanka will be taking steps to increase revenue from tobacco by imposing a tax on beedi. Budget 2023 included....

W M Mendis & Co Ltd, a Sri Lankan heritage brand with a unique footprint in the alcohol industry for over 70 years, recommenced....

The ASPI closed in red as a result of price losses in counters such as Expolanka Holdings, LOLC Holdings and Vallibel One with....

Vidullanka PLC, a pioneer in the renewable energy industry in Sri Lanka, yesterday said it has won a bid for an engineering, procurement....

The project financing obtained from the Exim Bank of China is to be reclassified as central government debt yet again, as the government looks to strengthen the balance sheets of several state-owned enterprises (SOEs).

President Ranil Wickremesinghe yesterday proposed to eliminate para-tariffs on imports within a five-year period on a phased-out basis, commencing from January 1, 2023, with a view to build a globally competitive manufacturing industry.

Sri Lanka would be taking renewed efforts to streamline foreign investment and export processes by bringing all the relevant agencies on to a single platform, President Ranil Wickremesinghe said.

Budget 2023 yesterday proposed to set up an insurance fund to provide coverage for private sector employees who lose employment.

Despite the sharp electricity tariff revision in August, it would not be enough to cover the Ceylon Electricity Board’s (CEB) operating costs, according to Fitch Ratings. The government increased the average electricity tariff by 75 percent in Aug

The massive provisions made on account of possible loan defaults and investments in dollar bonds of the government resulted in National Development Bank PLC (NDB) making a loss in the three months through September 2022 (3Q22) as the bank readies to

W M Mendis & Co Ltd, a Sri Lankan heritage brand with a unique footprint in the alcohol industry for over 70 years, recommenced operations recently, with an outreach that provides immediate economic empowering for over 15,000 farmers in the country.

Pan Asia Banking Corporation PLC saw subdued profits in the three months to September (3Q22), on massive provisions against possible bad loans, currency depreciation impact and compression in margins, amid the rising funding cost and muted growth in

Sri Lanka will be taking steps to increase revenue from tobacco by imposing a tax on beedi.

Recording another quarter of sound financial performance in a challenging economic backdrop, diversified conglomerate Sunshine Holdings posted consolidated revenue of Rs. 24.9 billion....

Sri Lanka’s premier printing and packaging solutions provider, Aitken Spence Printing was awarded the Platinum Trophy 2022 for Overall Winner with the most number of awards, four Gold and two Silver....

Lankem Ceylon PLC, a diversified conglomerate with interest in the areas of agriculture, consumer products, hotels, industrial chemicals, industrial flooring, decorative paints, printing....

National Development Bank PLC (NDB) joined the ‘Sri Lanka Welfare Society of The Blind’ to commemorate ‘International White Cane Day 2022’. The bank donated...

Vidullanka PLC, a pioneer in the renewable energy industry in Sri Lanka, yesterday said it has won a bid for an engineering, procurement and construction (EPC) contract from the Republic of Guyana, to build two mini hydropower plants, with a total ca

Cheering the season with great savings and joy, SLT-Mobitel has partnered with Daraz’s 11.11, the largest online sale and shopping festival of the year to provide exclusive offers and bigger....