Japan’s envoy to Sri Lanka affirmed the country’s commitment toward the island nation, as it is looking to restructure the foreign debt amounting to US $ 30 billion.

Sri Lanka witnessed the lowest tea production in 28 years for the month of August, with the total output totalling 18.27 MnKgs.

The total offering at the Colombo Tea Auction improved to 5.0 MnKgs this week, on account of an additional volume of reprinted teas. The auction quantities met with good demand.

The woes of the agriculture sector will witness a temporary ease, with the government allowing imports of pesticide glyphosate.

Sri Lankan companies with foreign funds in their capital are in for a accelerated transition towards the net-zero carbon goal as most foreign funds and investors are campaigning harder to nudge companies in their portfolio towards ESG goals – a sho

The Inland Revenue Department (IRD) officials yesterday blamed top Finance Ministry officials under the former regime for turning a blind eye to tax evasions and preventing them from performing their duties under the law.

With continued focus on giving back to the society, Lanka IOC Chairman Ranjan Kumar Mohapatra donated a cheque of Rs.200 million to President Ranil Wickremesinghe as a contribution to the President’s Fund meant for advancement of education, upliftm

In an effort to create a more conducive environment for homegrown brands to cater to the full requirement of the local market, a senior representative of a top diversified conglomerate urged the government to have a more targeted approach towards the

Distilleries Company Sri Lanka PLC (DCSL) yesterday announced the appointment of Captain (Retd.) Kolitha Kahanda as the joint Managing Director alongside Chairman/Managing Director Harry Jayawardena.

A simmering housing crisis in the making as a byproduct of the ongoing economic turmoil as the sector is experiencing both demand and supply side squeezes.

Sri Lanka Tourism is gearing up to create a positive profile of the island nation at the upcoming ‘Three Cities Road Show’ in India so that travellers from that country will be confident in adding the destination to their travel list going forwar

The national index of consumer prices for August notched above 70 percent, as the sharp electricity tariff revision, which came into effect from the start of the month, hit the consumer wallets hard on top of the soaring food prices.

The Sri Lankan rupee, which shed nearly 80 percent of its value, has sent the rupee value of the foreign currency-denominated debt of the government spiralling by significant proportions, even with no fresh borrowings, as the rupee weakness is sendin

Highlighting massive tax evasion in Sri Lanka, MP Mahindananda Aluthgamage said only 25,692 companies have paid income tax, though 100,005 companies have opened tax files, as of today.

The Treasury bill yields continued to abate for the second consecutive week, signalling investor confidence over the country’s reform path taken to fix its decades-old fiscal imbalances with the support of the International Monetary Fund (IMF).

The Malaysian Cabinet has agreed to bring in 10,000 migrant workers from Sri Lanka, Malaysian media reported quoting Human Resources Minister Datuk Seri M. Saravanan.

As religious leaders, led by Buddhist monks, took to streets this week and intensified their agitation against the recent electricity tariff hike,

Sri Lanka Customs (SLC) is on the path to reach the revenue target of Rs.715 billion set for the year in the budget 2022, which is in line.....

The Federation of Information Technology Industry Sri Lanka (FITIS) yesterday applauded the government’s move to lift the import suspension.....

Ecuador has reached an agreement to restructure its debt with Chinese banks, providing relief worth about US$ 1.4 billion until 2025, Reuters.....

Despite raging price pressures, Sri Lanka has so far avoided a wage-spiral, a condition which refers to the employees battered.....

Sri Lanka’s producer prices eased in July from more than doubling a month ago, but businesses still contend with nearly 100 percent .....

CCI calls for govt. to urgently lift import restriction on cosmetic products Stresses intervention necessary.....

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

IFS has been ranked amongst the top 100 Sri Lankan corporates by LMD (Lanka Monthly Digest) Magazine in its 18th Most Respected.....

With great crises come even greater opportunities for growth, as witnessed in Sri Lanka over the last two months alone. As the country.....

Dialog Enterprise, the corporate ICT solutions arm of Dialog Axiata PLC, recently unveiled a timely technological solution for monitoring....

Web Lankan received the Gold award under the Best Web Developer category in the 12th annual BestWeb.lk competition. The award ceremony.....

After completing its nationwide 4G rollout to provide coverage to all 24 districts of the island, in yet another industry first, Airtel Lanka is the first telco....

Stretchline Holdings, the world’s largest manufacturer of the narrow elasticated fabric used by many of the world’s leading intimates, swimwear and activewear......