Crisis-hit Sri Lanka, which declared bankruptcy in mid-April and defaulted on its foreign debt in the following month for the first time in its history, yesterday appointed two additional ministers to manage its finances, increasing the total number

The European Central Bank is hiking interest rates by record three-quarters of a percentage point as it scrambles to contain the inflationary fallout from Russia›s invasion of Ukraine and the ensuing energy crisis.

Trading hours of the Colombo Stock Exchange has been extended by half an hour with effect from September 15.

Watawala Plantations PLC this week announced plans to infuse Rs.365 million into the capital of its dairy subsidiary Watawala Dairy Limited (WDL).

As Ceylon Petroleum Corporation (CPC) has taken some effort to bring the private sector into the industry, a comprehensive report on the possible opportunities for the loss-making entity highlighted that there are more public-private partnership (PPP

UNDP-led cloud funding platform ‘Rebuild Sri Lanka’ platform went live yesterday, allowing global citizens to contribute to alleviating the impacts of the crisis in the country.

Loss-making Ceylon Petroleum Corporation (CPC) needs to look at improving its data collection and presentation efforts, as there is poor consistency in what the entity makes available for decision-making, Power and Energy Minister Kanchana Wijesekera

Sri Lanka’s Damro Group is to set up a new luxury hotel in Colombo 3, with an investment of US $ 57.50 million.

US tech companies that receive federal funding will be barred from building “advanced technology” facilities in China for 10 years, the Biden administration has said.

The Public Debt Department (PDD) of the Central Bank yesterday only sold Rs.10.2 billion worth of Treasury bills, despite offering Rs.75 billion in bills, with yields remaining unchanged across all three maturities from last week’s auction.

Zambia wants US $ 8.4 billion in cash debt relief from this year through 2025, the International Monetary Fund (IMF) said in a report published on Tuesday that will set the tone for complex restructuring negotiations with creditors ranging from Chine

The civil activists and environmentalists demand a public audit on the controversial foreign-funded projects and to take measures to declare such borrowing as illegitimate debt owed by the country to foreign creditors.

SouthBeach Weligama, Sri Lanka’s most exciting new freehold address on the picturesque Weligama coast, completed its first phase of construction, the completion of the raft foundation, ahead of schedule despite working through a very challenging pe

In a recent collaboration, Browns General Trading Division (GTD), the leading provider of globally-renowned high-quality building material solutions in Sri Lanka, partnered with Sierra Industries, a prominent player in general engineering constructio

Sri Lanka Sotheby’s International Realty (SIR) has expanded its team in Colombo by appointing internationally acclaimed sales and marketing professional Neluka De Alwis as Chief Marketing and Sales Officer.

Baby Care (Pvt.) Ltd, which is Sri Lanka’s first company to introduce imported baby items, was awarded the Bronze award in the Best E-Commerce Website category during Sri Lanka’s prime technological award ceremony organised by BestWeb.lk.

The Institute of Certified Management Accountants of Sri Lanka (CMA) will conduct a webinar on ‘Restructuring of Foreign and Local Debt and Impact on the Economy and Society’ on Thursday, September 8, 2022, from 2:30 p.m. to 4:30 p.m., via the Zo

As a step towards strengthening the brand’s retail footprint across the country, Asus Sri Lanka, Taiwanese tech giant, announced the launch of an exclusive store in Matara.

The 30th FACETS Sri Lanka show is scheduled to take place in the first week of January 2023.

The Cabinet of Ministers has granted approval to provide no-pay leave for pension-owning government officials up to a maximum of five years based on a recommendation by a committee of senior officers.

SLASSCOM and the Lankan Angel Network (LAN) have signed a memorandum of understanding (MoU) to collaborate in assisting....

CFA Society Sri Lanka has organised a webinar on environmental, social and governance (ESG) fundamentals in association....

The inauguration of the state-of-the-art Komori GL440 Advance offset printing machine followed by a tree planting programme took place...

Lanka Nippon Biz Tech Institute (LNBTI), accredited as a degree awarding institute for its unique IT degree programme BSc (Hons) Software....

United Tractor and Equipment (Pvt.) Limited (UTE) commenced retail distribution of CAT Lubricants, adding further value to its 75-year.....

Sysco LABS Sri Lanka celebrated Pride Month 2022 with a special virtual training programme for its associates recently, covering....

Futureworld Lanka (Pvt.) Ltd, an Apple authorised reseller in Sri Lanka, opened its flagship store in the heart of Colombo’s ....

With growing fears of a severe food shortage coupled with price inflation, the government has decided to establish a multi-sectoral...

President Ranil Wickremesinghe on Monday sought the approval of the Cabinet of Ministers to establish the unit under the Ministry....

The government has appointed a committee of officials comprising senior officers and chaired by the Secretary to the Prime Minister....