The Colombo Port City Economic Commission (CPCEC) is hopeful of fresh foreign exchange inflows into China-backed multi-billion dollar Colombo Port City (CPC), leading Sri Lanka out of the ongoing forex crisis from this May onwards.

High energy-consuming industries yesterday called on the government to get its act together and give some level of confidence with regard to its ability to come up with sustainable solutions to resolve the ongoing hours-long power cuts, a result of t

Oil prices spiked to their highest levels since 2008 yesterday as the United States and European allies weighed a Russian oil import ban and delays in the potential return of Iranian crude to global markets fuelled supply fears.

The National Chamber of Commerce yesterday announced the awards ceremony of the ‘National Business Excellence Awards 2021’ which will be held on March 22 amidst a distinguished gathering of government and private sector, in compliance with Covid-

BNI International with over 280,000 members in 74 countries has expanded its presence in Sri Lanka by initiating the 18th. chapter recently in Colombo.

The Institute of Certified Management Accountants of Sri Lanka will celebrate International Women’s Day 2022 by hosting a webinar on the theme ‘Promoting Women Entrepreneurship Development’ tomorrow (March 9) from 3.00 p.m. – 5.00 p.m. via on

Joining the call for gender equality and female empowerment, the Ceylon Chamber of Commerce will host a webinar in Celebration of Women’s Day, on March 10.

DFCC Bank has joined hands once again with the Chartered Institute of Management Accountants of Sri Lanka (CIMA) as a Gold Partner in its ‘Corporate Partnership Programme’.

Gender disparity within the entrepreneurial world is a globally prevalent problem, often stemming from the underrepresentation of women in the labour force and leadership positions. This imbalance in diversity is mainly seen in markets with no gender

The Central Bank has extended the 15 percent special interest scheme for one year term deposits of senior citizens continuing the proposal made in the budget 2017, which was brought with the intention of offering additional income to whose real incom

Announcing the financial performance for the year ended December 31, 2021, People’s Bank said it reported a consolidated operating income of Rs.110.7 billion and total operating expenses amounted to Rs.50.5 billion, up 21.9 percent and 14.9 percent

Dedicated efforts are underway to transform Sri Lanka into a technology-based society, as the government is actively looking at a holistic approach to create an ecosystem where citizen services will be supported by digital transformation, State Minis

State-of-the-art cement manufacturing facility of Lanwa Sanstha Cement Corporation (Pvt) Ltd is slated to be declared open today by the President Gotabaya Rajapaksa.

Oil prices are set to surge further this week due to delays to the conclusion of Iranian nuclear talks and the potential return of Iranian crude to global markets, which are already suffering from Russian supply disruptions, analysts said.

IFC, the private sector investment arm of the World Bank said it is looking to invest over US$ 800 million in Sri Lanka over the next five years in the sustainable infrastructure sector. The development lender also revealed its plans to invest a furt

The Central Bank wants the government to revise the price of fuel and electricity at least to cover the full cost of bringing them to the end consumer in order to end the external and fiscal sector woes created by the loss making State-run utilities

Subsidiary airlines of Thai Airways, Thai Smile Airways announced its move to connect the reach of Far-East and Southwest Pacific towards Sri Lanka by commencing direct flights from Colombo to Bangkok.

National sales average for Ceylon tea reached an all time high in February recording Rs.725.63 (US$ 3.61).

Prices at the Ceylon Tea auction remained largely unchanged this week although an impact was expected due to the ongoing conflict between Russia and Ukraine.

Economic policy think-tank, the Institute of Policy Studies of Sri Lanka (IPS) yesterday announced it has started calling for research proposals for the SamanKelegama Memorial Research Grant 2022.

The Moscow branch of a Chinese state bank has seen a surge in enquiries from Russian firms wanting to open new accounts, a person familiar with the matter said, as the country’s businesses struggle with international sanctions after its invasion of

China’s borders remain effectively sealed as the country continues to pursue a zero-tolerance approach to a virus that other parts of the world have accepted as endemic.

Grafeio One (Pvt) Ltd recently inked an investment agreement with Sri Lanka’s apex investment promotion agency, the Board of Investment (BOI), to set up an office complex in Colombo 03.

Uplifting Sri Lanka’s challenged fisheries sector needs renewed thinking and approaches to unleash its full potential and increase contribution to exports and GDP, the World Bank said this week.

As the economic andfinancial Advisor to the government, the Central Bank also presented an eight point policy package as follows to complement with its monetary policy actions.Most of the policies proposed are the reforms advocated by the IMF this we

Sri Lankan shares fell more than 2 percent yesterday, weighed down by losses in industrial and financial stocks, a day before the Central Bank’s rate decision. The CSE All-Share index ended down 2.14 percent at 11,162.66.

The Treasury bill yields across all maturities surged at record levels this week fuelling expectations for another rate hike today by the Central Bank as bondholders expect higher yields to beat soaring inflation.

Chamath Palihapitiya took advantage of his insider role as chairman of Virgin Galactic Holdings Inc. to sell 10 million shares of the struggling space travel company for US$ 315 million before he abruptly quit the board last month, a shareholder alle

A U.S. judge has ruled that venture investor Chamath Palihapitiya, Clover Health Investments Corp and its executives must face a lawsuit that claims they misled investors about the health insurance company when it went public via one of Palihapitiya

Lanka Industrial Estates Limited (LINDEL), a subsidiary of DFCC Bank Group is set to go public with an Initial Public Offering (IPO) on the Colombo Stock Exchange (CSE).