Brown & Company PLC has announced a debenture issue to raise Rs.2 billion, with an option to issue up to further Rs.3 billion. Each listed rated senior guaranteed redeemable debenture is offered at Rs.100.

The Tourism Ministry yesterday said that plans are afoot to resume flights to Moscow at the earliest.

The tourism industry stakeholders yesterday called on the Sri Lanka Tourism Development Authority (SLTDA) to refrain from painting a misleading picture to the government and instead present the realities of the sector.

Sri Lanka’s merchandise export earnings crossed the US $ 1 billion mark for the ninth consecutive month in February, despite a shortfall in some of the key agricultural exports, including tea.

Sri Lanka is inches away from fulfilling the monthly tourist arrival target set by the Tourism Ministry, with the figures for March showing that over 95,000 visitors have entered the country for the month so far.

Sri Lanka has sought an additional credit line of US $ 1 billion from India to import essentials amid its worst economic crisis in decades, two sources said yesterday, as the Indian foreign minister began talks with the government of its neighbour.

SriLankan Airlines yesterday announced the immediate suspension of operations between Sri Lanka and Moscow, Russia, due to operational restrictions that are outside of the airline’s control.

UB Finance Company Limited may seek a listing on the Colombo Stock Exchange this year, after the parent company Union Bank of Colombo PLC bolstered its capital via a Rs.2.0 billion rights issue last October.

Huawei Technologies yesterday reported asset sale gains helped lift profit 76 percent in 2021, turning in its first set of results under Chief Financial Officer Meng Wanzhou since she returned to China last year after nearly three years’ detention

Sri Lanka’s private sector is struggling to retain talent amid an exodus of talented workers moving abroad, eyeing better financial prospects, a recent panel discussion held in Colombo revealed.

The United States has praised the government for deciding to go to the International Monetary Fund (IMF) to seek a rescue package to resuscitate the economy hit by foreign exchange issues and high external debt.

The fundamental rights petition filed on behalf of the depositors attached to Ceylinco F&G Companies has been taken up before the Supreme Court through a motion, in order to bring the court’s urgent notice regarding an investment agreement.

The International Monetary Fund (IMF) said it would have preferred to see the Colombo Port City drafting its tax policy in line with the Global Minimum Tax rate agreed by the Organisation for Economic Co-operation and Development (OECD) last year, wh

Amid the growing absence of direction from the Central Bank or any other policy making body on inflation, private sector credit and growth, the International Monetary Fund (IMF) in its latest forecasts on Sri Lanka projected somewhat easing consumer

Exterminators Limited, Sri Lanka’s premier pest management and environmental enhancement Technology Company will commence trading on the Colombo Stock Exchange on 30th March 2022.

The hike in Financial Services Value Added Tax (FSVAT) is separate from the proposed Social Security Contribution (SSC) in the budget for this year and the latter could also come as soon as from next month.

Amidst the on-going foreign exchange crisis, the world’s largest independent freight forwarders network, WCAworld has temporarily suspended its Gold Medallion (GM) coverage for its membership in Sri Lanka.

Sri Lanka’s banking sector continued to plough ahead in 2021, successfully navigating the pandemic-induced vagaries and other macro economic challenges to deliver robust growth, sound earnings, healthy capital and adequate liquidity levels.

Hinting the necessity of a possible debt restructuring programme, the International Monetary Fund (IMF) has underlined that a strategy consisting of fiscal consolidation and macroeconomic policy adjustments alone is unlikely to restore the country’

The Central Bank this week expressed its readiness to cooperate with the IMF following the government’s policy decision to engage with the Fund to resolve the on-going economic crisis.

The first International Conference on Management and Entrepreneurship (ICOME) organized by the Faculty of Management Studies, Open University of Sri Lanka will be held on March 31 and April 1, 2020 via online.

The Association of International Marketing Graduates in Sri Lanka (AIMGSL) announced the launch of the Professional Series for 2022, to be held on March 30, at Barnes, Jetwing Colombo 7, providing Marketers based within Sri Lanka an opportunity to ex

The National Chamber announced ‘The National Business Excellence Awards 2021’ celebrating its 17th year was concluded successfully on March 22 at the BMICH, attended by a large gathering of business community, leaders from corporate world, distin

CAL (Capital Alliance) Group has recently entered into a landmark agreement with Heritage Partners, a law firm specializing in advising Sri Lankan businesses across a broad spectrum of legal matters.

Passengers will have increased flights to India with national carrier SriLankan Airlines doubling up its flying frequency to the neighboring giant.

The Central Bank yesterday clarified that the recent increase of the percentage of foreign exchange sales by the banks to the Central Bank from 25 percent to 50 percent is exclusively applicable to the banks and that would not have any impact on the

The US and the EU have announced a major deal on liquified natural gas, in an attempt to reduce Europe’s reliance on Russian energy.

As Sri Lanka charts ambitious plans to take its economy to the next level, the United Nations this week called on for more emphasis on bridging the gender gap.

The tourism industry specialists from Sweden, the UK and Sri Lanka came together earlier this month in Stockholm to present destination Sri Lanka to an influential group of tour operators and travel consultants.

The streamlined export process for the gem and jewellery sector was commended by the industry stakeholders, as the simplified steps would allow improved sales.