With the prevailing deep economic and political crisis in the country driving the demand for foreign employments to unprecedented levels, the government expects the official outward labour migration to reach a new all-time high of 330,000 this year.

Lanka IOC PLC, the smaller and private sector player in Sri Lanka’s fuel supply duopoly, said it has received the approval from the Sri Lankan government to open 50 new fuel stations in the country.

Commercial Bank of Ceylon has launched a ground-breaking certificate course in SME skill development exclusively for women entrepreneurs, in collaboration with the Postgraduate Institute of Management (PIM) affiliated with the University of Sri Jayew

The State Mortgage and Investment Bank (SMIB) yesterday announced the appointment of experienced banker Thushara Asuramanna as the new CEO, with effect from July 1, 2022.

IFC yesterday announced the appointment of Ruth Horowitz as Regional Vice President for Asia and the Pacific – covering both South and East Asia as well as the Pacific.

Sri Lanka’s archaic labour laws make the challenge of pulling more workers into the formal workforce even harder, which has resulted in many opting to remain in the informal sector, a labour law expert opined.

Strengthening trade relations with the world is essential for countries to fulfil their economic aspirations, however, efforts will have to be made by individual countries to strengthen ties as within the South Asian region and trade integration will

Sinopec, the biggest petrochemical company in China, is likely to enter Sri Lankan market for fuel importing, distribution and selling petroleum products, informed sources said.

The Institute of Certified Management Accountants of Sri Lanka (CMA) stated that the accounting professional can aid in costing the products and services in the electricity industry so that the country’s energy needs are met efficiently.

Diversified conglomerate Sunshine Holdings PLC continued to demonstrate resilience amidst prevailing macro-economic conditions, reporting an impressive topline and bottom line growth for the quarter ended June 30, 2022 (1Q23).

Sri Lanka’s self-developed poultry and dairy industries are on the verge of collapse amid rising input costs and shortages of animal and veterinary medicines along with the fuel shortage and rupee liquidity issues in the banking sector, raising con

The Finance Ministry has lifted the import ban on the popular weedicide glyphosate with effect from August 5 while allowing glyphosate imports into the country subject to import control license requirement.

The Tourism Ministry announced the appointment of a 22-member committee to provide expert advice in helping the crisis-struck industry to move towards a path of revival.

Tourism along with foreign remittances offers Sri Lanka the fastest, most impactful way to scale up the country’s foreign currency reserves. To enable this, Sri Lanka tourism needs to make some tough and radical strategic choices.

The Institute of Certified Management Accountants of Sri Lanka (CMA) has invited all the Sri Lankan business institutions, including all public quoted companies, state-owned enterprises, private and small and medium enterprises, to apply for the CMA

In a bold move to further improve the standards of the maritime and shipping industry in Sri Lanka, Lanka Association of Ship Owners (LASO) has signed an MoU with YoungShip Sri Lanka.

People’s Merchant Finance PLC (PMF) announced the appointment of Terrance Kumara as Deputy Chief Executive Officer of the company, with effect from June 15, 2022.

The Hambantota International Port (HIP) completed yet another event on its CSR calendar, with the distribution of essential household items and food to the Samurdhi recipients in the Hambantota district.

Tourism along with foreign remittances offers Sri Lanka the fastest, most impactful way to scale up the country’s foreign currency reserves. To enable this, Sri Lanka tourism needs to make some tough....

In a bold move to further improve the standards of the maritime and shipping industry in Sri Lanka, Lanka Association of Ship Owners (LASO) has signed an MoU with YoungShip Sri Lanka. The move signifies....

The Hambantota International Port (HIP) completed yet another event on its CSR calendar, with the distribution of essential household items and food to the Samurdhi recipients in the Hambantota....

People’s Merchant Finance PLC (PMF) announced the appointment of Terrance Kumara as Deputy Chief Executive Officer of the company, with effect from June 15, 2022. He served for SANASA ....

The Institute of Certified Management Accountants of Sri Lanka (CMA) has invited all the Sri Lankan business institutions, including all public quoted companies, state-owned enterprises, private and small and....

Sri Lanka’s worst economic crisis since independence is spinning off a “serious food crisis,” said World Food Programme Representative and Country Director Abdur Rahim Siddiqui, while describing a toxic mix of spiking prices, shrinking crop yie

The top officials of Ceylon Chamber of Commerce had met with the newly appointed Prime Minister Dinesh Gunawardena to offer their felicitation.

President Ranil Wickremesinghe yesterday raised concerns about the manner in which the country’s capital market, the Colombo Stock Exchange (CSE), operates, and asserted the need for the entire system to change.

Yuan Wang 5, the Chinese research and survey vessel, is en route to the Hambantota Port in Southern Sri Lanka prompting security concerns from India which has continuously provided a lifeline of nearly USD 4 billion to the crisis-hit Sri Lanka unlike

The Board of Investment (BOI) yesterday announced the completion of the integration of the visa recommendation system which was established with the aim of further accelerating its digital transformation.

The 30th sale of the Colombo Tea Auction for 2022, that was held this week saw 5.2 MnKgs come under the hammer, a quantity which is significantly lower compared to the regular offerings of around 6.0 MnKgs to 6.5 MnKgs during this time of the year.

In another significant step towards strengthening Diversity, Equity, and Inclusion (DE&I), the John Keells Group has introduced equal maternity and paternity leave days as Parental Leave commencing August 2022.