Despite severe drawbacks to the country’s economy and the business environment, MMBL-Pathfinder Group’s joint venture portfolio is expected to reach foreign exchange earnings of US$ 200 million in 2022. As of end August, this figure stood at US$

3W Group (the Third Wave Group) celebrated its 25th anniversary recently in a simple yet moving ceremony in its headquarters in Colombo 4.

Jay Jay Mills Lanka (Pvt) Ltd has undertaken the first project at the dedicated textile manufacturing zone in Eravur, Batticaloa with the construction of a state-of-the art facility with an earmarked investment of US$ 35 million.

Foxconn and Vedanta have announced US $ 19.5 billionn (£16.9) to build one of the first chipmaking factories in India.

The Cabinet has cleared a proposal to repurpose US $ 100 million project financing granted by China-led Asian Infrastructure Investment Bank (AIIB) to procure essential medicines and medical supplies amid the acute foreign exchange shortage faced by

The food security assessment carried out by the FAO and WFP revealed that approximately 8.7 million of Sri Lankans (39.1 percent) are not consuming an adequate diet.

An increasing number of households are using a variety of strategies to cope with the reduced access to and availability of food resulting from the current economic crisis,

Dialog Axiata PLC is set to invest US $ 112.8 million to expand its existing business through network expansion. A supplementary agreement in this regard was recently signed between Dialog Axiata and the Board of Investment (BOI).

The banks are seen becoming more creative these days, offering some deposit products with unconventional tenures as they try to court customers, if otherwise would invest directly in Treasury bills.

The Central Bank managed to successfully raise Rs.80 billion from the weekly bill auction held yesterday, with yields coming off from the recent highs reached two weeks ago, due to the heightened concerns over the possibility of a likely restructurin

The government this week decided to appoint a Cabinet sub-committee chaired by President Ranil Wickremesinghe on economic growth and recovery.

The government is reviewing the suspended imports list every fortnight to lessen the impact on industries, a Cabinet Minister said.

Qatar Airways Group is looking to onboard a significant number of new employees from Sri Lanka to support its global operations....

The government plans to gradually curtail rice imports following a modest harvest expected in the Yala season. “We expect a.....

The controversial Social Security Contribution (SSC) levy came into effect this week with 2.5 percent slapped on turnover on a wider .....

The week following Sri Lanka firming up the staff level agreement with the International Monetary Fund (IMF) saw foreigners inject....

The People’s Bank has acquired mortgaged properties worth over Rs. 600 million in settlement of debt availed by CML MTD....

The local rubber sector has witnessed decline in auction prices for the month of August, despite a contraction in the overall....

The ASPI closed in red as a result of price losses in counters such as Ceylinco Insurance, LOLC Holdings and Royal Ceramics....

The Women’s Chamber of Industry and Commerce (WCIC) recently launched the 2022 edition of its flagship awards, and this year.....

Seven Media, one of Sri Lanka’s fastest growing and highly sought-after digital media agencies has partnered with Asriel Holdings....

As a global company that has enjoyed an established presence in the United States for some time, GRI this week announced the opening....

Sri Lanka has initiated debt-restructuring negotiations with the country’s main bilateral creditors which include Japan, China and India, according.....

As calls are growing for the independence of Sri Lanka’s Central Bank, which was also clearly laid out in the staff-level agreement with the International Monetary Fund (IMF), there are growing concerns among certain sections whether total independ

Tourist arrivals to Sri Lanka for the first eleven days of September have crossed the 10,000 mark, indicating a slow but steady increase in the number of visitors entering the country.

Sri Lanka scored 0.782 points in the latest Human Development Index (HDI), ra​n​king 73 out of 191 countries.

Sri Lanka could find itself in a heightened crisis situation with further worsening of food insecurity if necessary support is not rolled out in a timely manner, the United Nations (UN) cautioned.

Sri Lanka’s struggle to expand its export market and basket due to the poor awareness of global market dynamics, the Export Development Board (EDB) said, asserting the need for exporters and the supporting stakeholder agencies to step up efforts in

Though the local apparel sector continues to stand tall as the top performing industry in the country, Sri Lanka should strive to retain and extend its trade concessions with its key trading partners to maintain the momentum of the industry going for