The Commercial Bank of Ceylon was crowned the overall winner for its Annual Report 2020 which was also adjudged the Best in the Banking sector at the Sri Lanka Sustainability Reporting Awards presented by the Association of Chartered Certified Accoun

The private sector was called on by the government and state authorities to play a more participative and active role in uplifting the local tourism landscape, so that destination Sri Lanka will be able to secure a larger share of the global tourism

Qatar Airways increased the number of flights to Sri Lanka by introducing its fifth daily flight from Doha to Colombo on Thursday (24).

Planemakers Boeing Co (BA.N) and Airbus SE (AIR.PA) have met executives from India’s Tata Group in recent weeks to discuss plane orders for Air India, two people familiar with the matter said.

The growing conflict between Russia and Ukraine have resulted in global wheat prices to spiral upwards and its impacts are expected to spill over to nations across the word.

Sri Lankan sapphires will come under fresh spotlight at Dubai Expo 2020.

The tension in the region as well as sanctions on Russia could hurt trade flows. U.S.-based Mosaic Co., a major fertiliser producer, warned of potash shortages in a call with analysts Wednesday.

Sri Lanka will receive a fresh boost from neighbouring giant India come April, as a mega delegation is slated to visit the island nation. The delegation will explore avenues to support the local tourism sector.

During the month of January 2022, Sri Lanka’s exports to the free trade agreement (FTA) partners accounted for 7.2 percent of total merchandise exports and such exports increased by 28 percent to US $ 80.31 million.

Sri Lanka’s export sector good fortunes appear to be continuing in the new year as well, as January 2022 export earnings crossed the US $ 1 billion mark, recording a 5.7 percent increase to US $ 1,062.63 million compared to January 2020.

Central Bank Governor Ajith Nivard Cabraal yesterday refuted the foreign media reports that Sri Lanka had discussed debt restructuring options with foreign restructuring bankers.

Household Economy, Microfinance, Employment and Business Development State Minister Shehan Semasinghe, who was responding to a question raised by Leader of Opposition Sajith Premadasa yesterday, confirmed that discussions are currently ongoing with I

The Ceylon Tea production in January totalled 22.82 MnKgs, a marginal dip of 0.36 MnKgs when compared with the quantities recorded in the corresponding month of the previous year.

The Ceylon Tea exports contracted in the month of January, with the total quantities reaching international markets amounting to 19.38 MnKgs.

Sri Lankan shares ended 5 percent lower on Thursday as the country struggles with its worst economic crisis in years, while global stock markets slumped after Russia’s invasion of Ukraine.

Maliban, one of Sri Lanka’s largest manufacturers, distributors and marketers of confectionery items, sealed an agreement with the government this week to commence manufacturing of pharmaceuticals.

Oil prices jumped yesterday, with Brent rising above US $ 105 a barrel for the first time since 2014, after Russia’s attack on Ukraine exacerbated concerns about disruptions to global energy supply.

Seylan Bank PLC reported some robust performance for the three months ended on December 31, 2021 (2Q22), with almost all key indicators having improved amid satisfactory growth in loans and capital heft, which is going to get a further boost in the m

SriLankan Airlines has adorned one of its aircraft with customised livery to reaffirm its status as the official airline of the much-awaited ‘Raid Amazones 2022’.

The Colombo bourse yesterday plunged nearly 7 percent, with investors probably getting a grasp of the serious economic crisis unfolding amid over four-hour-long power outages, due to lack of diesel to generate electricity.

India’s Foreign Minister Subrahmanyam Jaishankar said yesterday the country is willing to make investments in Sri Lanka to help it ease a financial crisis, foreign media reported.

Seylan Bank PLC yesterday revealed the plans to raise up to Rs.6 billion via a listed, Basel III-compliant debenture issue.

A joint venture among Dialog Broadband Networks, Formis Network Services and Access International has secured a bid to design, supply, implement and maintain a court automation for the judicial system of Sri Lanka.

The foreign exchange shortage, which took a turn for the worse in the recent past, resulting in regular power cuts, is likely to hit the Independent Power Producers (IPPs), due to the potential delays in payments from the Ceylon Electricity Board (CE

Fitch Ratings yesterday said number portability, which is expected to be introduced in 2022, is unlikely to have a material impact on Dialog Axiata PLC, the market leader across mobile, pay-TV and home broadband segments in the country.

Colombo District Court Judge Anura Aluthge yesterday issued an enjoining order restraining Commercial Bank PLC from acting upon the board resolution passed on November 29, 2019.

Testa Bake House was established in 1982 as a small business and today expands its network of branches throughout the island as the Testa group provides hygienic processed foods, bakery products and other foods to government agencies, private institu

Daraz CEO and Founder Bjarke Mikkelsen visited Sri Lanka on February 14 and 15, 2022 and held an exclusive meeting with Prime Minister Mahinda Rajapaksa.

Sri Lanka will sign a Memorandum of Understanding (MoU) with the United States (US) to improve the capacity of local milk production.

The Cabinet of Ministers this week approved a proposal to provide incentives under the Strategic Development Project Act for the proposed US$ 70.4 million luxury urban hotel by Sri Lanka’s Damro Group.