In a ground-breaking initiative aimed at combatting fraud and corruption, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) joined hands with the US-based Association of Certified Fraud Examiners (ACFE) to launch an exclusive global

The masterplan for consolidation of Non-Bank Financial Institutions is progressing with a number of mergers taking place. The surge in share prices of finance companies that took place in the recent past is enough proof of shareholder expectationsfro

The Maritime Research Centre (MRC), Pune and NirDhwani Technology Pvt. Ltd. (NDT), in collaboration with the Institute of Contemporary Studies Bangalore (ICSB) and the Pathfinder Foundation, will host a webinar titled ‘India and the BIMSTEC: A New

The ‘Licence Raj’ created by the recent Extraordinary Gazette imposing import restrictions on 367 goods determined as ;non-essential’ by the Finance Ministry will add to the country’s economic woes and lead to new black markets and corruption

The Cabinet nod has been granted to appoint a ministerial committee on investment promotion chaired by President Gotabaya Rajapaksa with the objective of providing necessary policy and pragmatic solutions to promote investment opportunities in the co

The government expects to end the LP Gas shortage within the next 7-10 days with Litro Gas gradually moving to meet the market demand after securing letter of credit (LC) facilities, while Laugfs Gas is yet to receive green light for its letter of cr

The Supreme Court has given its approval for the Surcharge Tax Bill and has held the view that a simple majority in Parliament could approve it.

The Cabinet this week cleared the path to secure a Rs.300 million grant from India to implement Sri Lanka Unified Digital Identity Framework.

As food prices have sky-rocketed in recent weeks amid import restrictions and the sharp depreciation of the rupee, restaurants are urging the government to look at making key ingredients available at affordable prices by way of extending concessions.

The tourism sector regulator, the Sri Lanka Tourism Development Authority (SLTDA), came under harsh criticism yesterday for continuing to turn a deaf ear​​ to the plight of the industry stakeholders who are struggling to carry out operations amid

The poultry industry is yet again faced with a shortage of chicken feed, which has affected the availability of eggs in the local market. However, sector players assure that efforts are being taken to ensure prices do not escalate.

The Chairman of the Ceylon Chamber of Commerce Vish Govindasamy yesterday in a statement thanked the government and the people of India for coming to Sri Lanka’s aid in its time of urgent need, at an event aimed at increasing trade and investment a

CEAT Kelani Holdings has taken its radial tyre manufacture to a new paradigm with the launch of the first of a range of high-performance 17-inch tyres for medium-sized SUVs like the Honda Vezel, a popular vehicle on Sri Lankan roads.

Last year, HSBC Sri Lanka announced its first-ever International Scholarship Programme to support the ambitions of local students by giving one deserving student the opportunity to pursue their higher education with a US $ 10,000 scholarship to a pre

The Board of Investment (BOI) of Sri Lanka recently entered into an agreement with the Asia Pacific Institute of Information Technology (APIIT), to set up an expansion of its operation in Kandy.

Sri Lanka’s national inflation reached a new all-time high of 17.5 percent in the 12 months to February 2022, the data released by the Census and Statistics Department showed.

The Advisory Committee consisting of corporate leaders, economists and academics appointed to assist the newly-formed Economic Council chaired by President Gotabaya Rajapaksa has made five recommendations that need to be implemented immediately.

As Sri Lanka’s economic crisis snowballs, a group of investors in the country’s dollar-denominated international sovereign bonds (ISBs) have reportedly hired the reputed law firm White & Case LLP to obtain legal advice on possible future debt res

Sri Lanka has been ranked as the second most preferred destination in the Asia Pacific region for remote work, according to the Work from Wherever Index from Kayak.

A decision has been taken to provide concessions to airlines that will start operations from Ratmalana Airport so that more low-cost carriers are lured to fly into Sri Lanka.

John Keells Research (JKR), the research and development and innovation arm of John Keells Holdings PLC (JKH), signed an agreement with 4Ever Skin Naturals (Pvt.) Ltd on March 15, 2022 and entered into its first-ever technology licensing agreement.

Leading freight forwarding solutions provider CL Synergy Limited has received the official approval from the Colombo Stock Exchange (CSE) for its initial public offering (IPO), which is set to open on April 7, 2022.

The Central Bank has issued a circulation standard two commemorative coins, with a face value of Rs.20, to mark the 150th anniversary of Census of Population and Housing (CPH) in Sri Lanka and also to mark the 150th anniversary of the Faculty of Medi

Chinese Ambassador Qi Zhenhong said yesterday that Sri Lanka would secure better market access for its products in China, if the proposed free trade agreement (FTA) were signed.

Microsoft yesterday announced the top teams from the 2022 Southeast Asia (SEA) New Market Competition of Imagine Cup, the company’s flagship technology challenge for students and young innovators.

After a year of fulfilling his role, Saranga Goonewardena stepped down as Chairman of COYLE, while handing over the reins to the new Chairman Dimuth Chankama Silva, Managing Director at Freight Masters International (Pvt.) Ltd, as his successor, at t

The board of Mrs Tourism Sri Lanka 2022: Prestigious International Beauty Pageant has announced the appointment of popular Tourism Ambassador of Sri Lanka Thilini De Silva as National Director and award-winning corporate leaders Dr. Arosha Fernando a

EDEX Expo, Sri Lanka’s premier and largest education exhibition and job fair, returns after a break due to the pandemic, in a new and contemporary format, as a Hybrid Expo, on March 26 and 27, 2022, at the Royal MAS Arena, Colombo 7 and online, as

Ex-pack Corrugated Cartons PLC, a name synonymous with the corrugated cartons manufacturing industry in the country providing end-to-end packaging solutions to renowned organisations and brands both local and international, celebrates 25 years of pro

Cocotech Exports Lanka, a Sri Lankan company manufacturing and exporting coir-based value-added products, won the Silver award in the coir-based value-added product category, at the Industrial Excellence Awards organised by the Industrial Development