Sri Lanka’s state-run investment promotion agency, the Board of Investment (BOI), yesterday renewed its attempt to streamline the approval process with the launch of a new one-stop shop.

As the situation in Sri Lanka continues to improve, Mastercard yesterday announced its latest effort to promote the island nation as a safe and affordable destination for inbound travellers.

An extensive study in the IT/BPM sector in Sri Lanka found that only 30 percent of the entities have embarked upon environmental, social, and corporate governance (ESG) activities, an area that is becoming increasingly important in the current global

The weeks-long foreign investor interest seen in rupee bonds during September has fizzled out, perhaps due to the expectations of further tightening of monetary policy by the United States Federal Reserve and the strengthening US dollar against the o

The Central Bank managed to sell only a fraction of the Treasury bills issued at the auction held yesterday in a reflection that majority bids had come at much higher yields although expectations are rising for the yields and the rates to ease in the

Business tycoon Dhammika Perera’s eldest daughter Donna Brindhini Perera has been appointed as a Non-Executive Director of several companies of her father’s business empire.

The Cabinet has cleared the path to establish a 12-member Cabinet Sub-Committee on economic growth and revival chaired by President Ranil....

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, announced the appointment of Dr. Sharmini Coorey as an Independent, Non-Executive Director....

The Purchasing Managers’ Index (PMI) for September logged rather a surprise decline from a month earlier, notwithstanding the expectation....

As a part of the government’s effort to boost non-tax revenue, the Cabinet nod has been granted to draft new laws to introduce a comprehensive....

Losses of Sri Lanka’s State-owned Enterprises (SoE) could top Rs.4, 000 billion by the year-end with Ceylon Petroleum Corporation....

Sri Lanka’s talent pool will receive support towards an upliftment through the Korea International Cooperation Agency (KOICA) with Republic....

The ASPI closed in red as a result of price losses in counters such as Vallibel One, Lanka IOC and Hayleys with the turnover crossing ....

Miss Tourism World 2022 will host its grand finale in Sri Lanka this December, from 8th to 21st, with 80 winners from 80 countries. Sri Lanka secured....

The first meeting of the National Combined Mechanism for Food Security and Nutrition of the Presidential Secretariat was held....

Microimage recently celebrated its 27th anniversary of delivering innovative digital solutions across the Asia-Pacific region through its subsidiaries...

Phyxle Infotech (Pvt) Ltd was conferred the Merit Award under the best small and medium business website category at the BestWeb.lk....

IFS, the global cloud enterprise software company, recently announced the general availability of the October release of IFS Cloud. The release....

With people being strictly confined to the comfort of their homes and compelled to rely on social media to keep up with the world....

SriLankan Airlines, as a prime promoter of destination Sri Lanka, in a bid to support the country’s tourism recovery drive, will be hosting over 150 international travel agents in Sri Lanka for a commercial conference and a travel mart in mid-Novem

The tourist arrivals for the first half of October have crossed the 20,000 mark, showing an improvement in the rate of international visitors entering the country.

The tea industry sounded the alarm on the government’s latest move to increase the corporate income tax rate, highlighting that the move would negatively impact the competitiveness of Ceylon Tea in the global market.

Saudi Arabia has rejected US accusations of aligning itself with Russia amid the Ukraine war by making oil production cuts to drive up crude prices, insisting it was purely a business decision.

Sri Lanka’s non-life insurers would face pressure on their underwriting profits, due to the rising cost of motor spare parts, stemming from currency devaluation and runaway inflation, according to Fitch Ratings.

Despite the expectations to end monetary financing and start shrinking its balance sheet, which has now grown to a size of nearly Rs.2.4 trillion, the authorities are yet to make good on their intentions, although they act with much restraint in expa

Further defending its argument to stay firmly on higher rates for longer, the Central Bank offered data to provide evidence as to why a reversal of the interest rate policy prematurely wouldn’t necessarily help businesses, instead would make things

Sri Lanka saw its earnings from the tourism trade falling in September for the second consecutive month due to weaker arrivals ahead of a more prospective season which has got underway from the start of October....

The Index of Industrial Production (IIP), which measures the country’s industrial sector heft staged a recovery from July to August, but the index remains well below last year’s levels as the economy is in a deep....

The Central Bank emerged as a net absorber of foreign currency for the second consecutive month in September signalling a recovery in the domestic foreign exchange market after nearly a year of liquidity....

Sri Lanka’s producer price inflation surpassed 100 percent in August once again, reflecting the persistent nature of the price pressures that are being contended by suppliers across the sectors...