Working in Sri Lanka for women is becoming increasingly unappealing, as the cost borne by an urban female employee is about 90 percent of her month’s expected earnings, an award-winning research paper revealed.

Kicking off the banking sector earnings, Union Bank of Colombo PLC reported subdued profits for the September quarter (3Q22) on higher provisions against the possible loan defaults and muted growth in new credit, although the higher rates buttressed

MAS Holdings, South Asia’s largest apparel tech manufacturer, a US$ 2 billion conglomerate, announced the relaunch of their B2B brand femography, formerly known as FemTech@ MAS, which was established in 2014.

Exterminators PLC, Sri Lanka’s premier pest management and environmental enhancement technology company celebrates 24 years of business excellence this year.

In an unprecedented move to ensure continued sustainable business operations, Hemas Holdings PLC has initiated a greater utilisation of renewable energy as a part of its Group Environmental Agenda 2030.

Elpitiya plantations PLC (EPP) was awarded Gold at the first ever ‘Green Productivity Awards 2021’organized by Sri Association for the advancement of Quality and productivity-(SLAAQP).

The government has announced an across-the-board increase in company registration fees, including renewal fees, after six years, with effect from October 5 of this year.

Sri Lanka’s Presidential Envoy to Europe and Commonwealth Niranjan de Silva Deva Aditya (Nirj Deva) said this week in Brussels that he has started discussions for Sri Lanka to join the Organisation of African, Caribbean and Pacific States (OACPS).

The war raging in Ukraine and other overlapping crises are taking a toll on labour markets worldwide, the UN said yesterday, suggesting a “sharp” slowdown was already underway.

Saudi Arabia and the United Arab Emirates said the world needs higher oil production yesterday, just days before the COP27 climate summit aimed at curbing global warming.

Nestle Lanka PLC, the local operation of the world’s largest food and beverage company, saw its profits surging for the quarter ended on September 30, 2022 (3Q22), amid a sharp growth in top line, as a result of price increases.

Bairaha Farms PLC reported some solid financial performance in the three months ended in September on higher volumes and prices but the company is seeing some softening in demand for chicken lately, as the elevated prices are turning away the average

Most markets rose yesterday ahead of a crucial Federal Reserve policy meeting later in the week, with investors hoping for a less hawkish tilt in their plans for interest rates.

While denying speculations on moves to privatise State-owned and loss-making Sri Lanka Rupavahini Corporation (SLRC), Mass Media Minister Bandula Gunawardana said a proposal has been submitted....

Hayleys Advantis, the transportation and logistics arm of the Hayleys Group, is set to establish a network of cycle repair stations across Colombo. The first of such was opened....

It is the moment nobody was quite sure would actually ever happen: after months of drama, Elon Musk says his US$ 44 billion (£38 billion) deal to buy Twitter is complete. He announced....

Outstanding credit card balance of the licensed commercial banking sector continued its ascent for the second month in a row, though at a somewhat slower pace in September, reflecting that the soaring....

The revenues moderated and the profits declined at Expolanka Holdings PLC in the quarter ended in September (2Q23), capping what has been a meteoric rise in the company’s financial....

Apple and Amazon sales are being hit by the weakening global economy, the tech giants have warned, adding to fears about their upcoming profits. Amazon shares tumbled...

IFS, the global cloud enterprise software company, is partnering with Hatch to enable the six-week ChallengerX incubator programme - Sri Lanka’s first AI-machine learning incubator. IFS has the leading....

Sysco LABS was the Strategic Partner for the recently concluded National IT Conference organised by the Computer Society of Sri Lanka (CSSL) held recently at Shangri-La Colombo. Sysco LABS Director...

Leading technology company 99x was recognised for its best workplace practices in diversity and equality and listed as a Best Workplace for Women in Sri Lanka for the fourth consecutive year. Compiled....

Orel Corporation with their vision to be the leader in offering the next generation digital infrastructure solutions to the market, recently announced the appointment of Derrick Ferdinandus....

The national insurer Sri Lanka Insurance Corporation (SLIC) launched the School Fee Protector life insurance plan, to ensure an uninterrupted education for children studying in private....

Sri Lanka’s best life insurer (recognised by Capital Finance International 2021 and Global Banking and Finance Review 2020, 2019) celebrated their top-performing wealth planners at the AIA Sales Convention....

The seventh millionaire of the People’s Remittance ‘Vaasi Kotiyai, Ewannai Dinannai’ draw was selected for the month of August along with daily and weekly winners for the period....

The Kahatagasdigiliya branch of National Savings Bank (NSB) was recently opened in a new premises. Established in the year.....

Two other representative bodies of the private sector tourism stakeholders yesterday joined the bandwagon in urging those engaging in protests to reconsider their decision as such events will only worsen the challenges faced by the local tourism sect

Sri Lanka received a total of 144 MT of maize seeds for the Maha season cultivation, which was procured in partnership with the United Nations Development Programme (UNDP) and JICA Emergency Assistance.

The International Monetary Fund (IMF) yesterday cut the economic growth forecast for Asia to 4 percent this year, down 0.9 percent points from the projections it drew up in April.