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.

In a move to increase the economic activity in the country, Indonesia launched this week a fresh visa policy that will allow foreigners to make Bali their second home.

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

The Colombo Tea Auction saw 5.3 MnKgs come under the hammer this week.

Sri Lanka yesterday offloaded at the Colombo Port 13,000 MT of urea that will be used to increase the paddy and maize harvest in the country.

While making the case for tax hikes, State Minister of Finance Ranjith Siyambalapitiya revealed that nearly 4 million families, which make up nearly 58 percent of the country’s households are seeking financial assistance from the government under v

South Korean electronics giant Samsung has named convicted heir and de facto boss Lee Jae-yong as its executive chairman.

Russia’s invasion of Ukraine will have long-lasting effects on energy supply and markets, a new report suggests.

The Chamber of Marine Industries of Sri Lanka was inaugurated recently with the participation of representatives from the boat and ship building, nautical tourism, chartering and marine and offshore industries.

The government has reached an agreement with the Asian Development Bank (ADB) to disburse the remaining US$13.5 million of the ADB-funded Small and Medium-sized Enterprises Line of Credit ...

Committed to delivering unparalleled entertainment experiences through cutting-edge technology, Dialog Axiata PLC recently unveiled its latest Dialog Television Broadcast Centre and Satellite Earth Station in Puttalam.

The Cabinet nod has been granted to draft a bill in compliance with the Singapore Convention on Mediation, formally the United Nations Convention on International Settlement Agreements Resulting from Mediation.

The Gazette notification stipulating the laws and regulation pertaining to the Colombo Port City Development Project will be issued in a couple of days, the Investment Promotion State Minister Dilum Amunugma said during a site visit to the Port City