Despite strong top line gains, heavy provision made on possible bad loans negatively impacted the bottom line performance of Sri Lanka’s largest private bank, Commercial Bank Ceylon PLC, during the third quarter (3Q22), the interim financial accoun

Export-heavy diversified conglomerate Hayleys PLC recorded strong top line and bottom line performances for the quarter ended September 30, 2022 (2Q23), the interim financial accounts released to the Colombo Stock Exchange showed yesterday.

Advocata Institute’s Bath Curry Indicator (BCI), which tracks changes in the retail price of food in Colombo that typically goes into a packet of rice, recorded a year-on-year increase of 53 percent in October 2022.

World Travel Market (WTM) 2022 in London ended on a positive note for destination Sri Lanka with more international travellers convinced the island nation is safe to welcome and host them.

Sri Lanka’s municipal waste management (MSW) is causing key social, environmental, and economic concerns as only 50 percent of the country’s waste is collected by the Central Environmental Authority (CEA), the United Nations Development Programme

The 17th Sujata Jayawardena Memorial Oration will be delivered at 5:30 p.m. on Tuesday, November 29, at the BMICH, by former Central Bank Governor Deshamanaya Dr. Indrajit Coomaraswamy, on the topic ‘Economic Crisis: Where are we and where do we go

Airtel, Sri Lanka’s fastest growing telecommunication provider, announces its strategic partnership with Daraz as the ‘official telecom partner’ for the Daraz 11.11 sale.

The Joint Apparel Association Forum (JAAF) yesterday urged the government to expedite negotiations on free trade agreements (FTAs) to enhance the industry’s resilience and global competitiveness amid rising fears of a global economic recession.

The Value Added Tax (VAT) liability on residential condominiums will commence from December 1, 2022, instead of October 1, 2022.

Sri Lanka needs to do more for it to fulfil the Sustainable Development Goals (SDG) agenda by 2030, as efforts taken thus far are not sufficient to complete the targets within the given time frame, the Colombo-based think tank Institute of Policy Stu

President Ranil Wickremesinghe has discussed debt management with International Monetary Fund (IMF) Managing Director Kristalina Georgieva, at the COP27 climate summit currently underway in Egypt.

Dozens of state-owned Sri Lankan companies employing tens of thousands of people could be restructured or closed as part of an International Monetary Fund (IMF) bailout of the bankrupt country, with the country’s airline top of the list for reform.

Cargills (Ceylon) PLC recorded steady results for the six-month period ended on September 30, 2022 (1H23), despite the challenging environment, particularly considering the rising interest and raw material cost as well as increasing cost of operation

The digital assets market has been rocked by the near-collapse of one of the world’s biggest cryptocurrency exchanges, FTX. On Tuesday, FTX struck a bailout deal with larger rival Binance after a surge in withdrawals caused a “significant liquidi

Sri Lanka Tourism is rolling out efforts to better capture details of travellers entering the country under Meetings, Incentives, Conferences, Exhibitions/Events (MICE) tourism segment by including the segment....

Tourism Minister Harin Fernando appealed to international travellers to add Sri Lanka to their travel wish list, assuring tourists are cushioned from the economic shocks the country is undergoing, and....

November has kicked off with significant improvement in tourist arrivals as the first seven days of the month saw over 12, 000 international visitors entering the country. Provisional data from Sri Lanka....

Sri Lanka’s public housing policy should be integrated with the public transport to avert further segregation of communities in socio-economic lines, experts opine. “When you have bad....

Backed by its defensive core sectors, consumer juggernaut Hemas Holdings PLC recorded improved growth for the quarter ended September 30, 2022 (2Q23), the interim financial accounts released....

The ASPI closed in red as a result of price losses in counters such as Expolanka Holdings, Vallibel One and Hayleys with the turnover crossing Rs. 1.1 bn. A similar behaviour....

Calcey, a US and Sri Lanka-based technology consulting and software product engineering services provider, recently announced the launch of the Calcey Springboard scholarship programme for students....

Leading IFS channel and services partners Cedar Bay and Covalent Systems, expanding their expertise and footprint to the Asian region opened their brand-new offices for their joint venture Cova Bay....

The year 2022 proved productive for Lenovo in terms of market share, the strength of the supply chain and environmental responsibility. The reputed consumer PC manufacturer emerged the world’s No 1 brand with a sizeable market...

Dialog Axiata PLC, the widest network in Sri Lanka, recently commissioned a tower in the village of Dayagama in the Nuwara Eliya district under its ‘Sew Desatama Dialog’ initiative, keeping in line with its commitment...

Microsoft hosted its annual Partner Connect event recently to empower and celebrate the Microsoft Partner Network in Sri Lanka and the Maldives that unlocks innovation to build digital perseverance and business...

MiHCM, a global HR technology provider, has announced the opening of a regional office in Bangladesh to expand MiHCM digital HR solutions into the Bangladesh market. This is MiHCM’s fifth....

Understanding the current needs of the unique and differentiated hotel industry in providing tourists with rewarding experiences, SLT-Mobitel Enterprise is offering a comprehensive suite of technological solutions....

Diversified blue-chip Aitken Spence PLC reported a profit before tax of Rs.8.5 billion for the six months ended on September 30, 2022. This is an....

Sri Lanka recorded a positive development in its trading balance for the seventh consecutive month, with the September trade...

The Ceylon Chamber of Commerce (CCC) has put forward a series of proposals to bring about the necessary reforms to ensure....