Citing financial difficulties, worsened by the shortages of chemical fertilisers, the country’s plantation companies yesterday informed theLabour Minister Nimal Siripala de Silva that they are not in a position to extend the Rs.5000 allowance to th

UST, a leading digital transformation solutions company, headquartered in Aliso Viejo, California, United States, said it is exploring the possibility of setting up operations in Sri Lanka. Its intention is to hire over 10,000 new employees across t

Clearing another ambiguity surrounding the proposed Special Goods and Services Tax (SGST) over its collecting authority, the government will appoint a ‘Designated Officer,’ under the Treasury as it inches closer to the enactment of the new compo

In a defining moment for Sri Lanka’s iconic diversified conglomerate Hayleys commenced 2022 with the unveiling of ‘Lifecode’, an ambitious new framework that integrates environment, social and governance (ESG)-related targets and goals into bus

Microsoft will headline the final day (13) of the four-day National Digital Consortia, organised by the Information and Communication Technology Agency of Sri Lanka (ICTA) in partnership with the Federation of Information Technology Industry Sri Lank

Hutchison Telecommunications Lanka (Private) Limited and its infrastructure partner edotco Services Lanka (Private) Limited (edotco) have launched an Open-RAN trial, in order to further reduce the cost of GB data and thereby passing the cost benefit

Daraz is entering a new phase of its journey towards creating exceptional user experiences and developing a digitised ecosystem. Embarking on an exciting initiative to relaunch its brand, Daraz hopes to reaffirm its position in the lives of e-commer

The highly sought-after chartered accounting qualification offered by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) was further reinforced after a leading international body recognised the Associate Chartered Accountant (ACA) qua

The Asian Development Bank’s (ADB) Annual Meeting will be held in Sri Lanka from May 2 to 5, with the participation of 68 countries.

Clarifying the composition of the official reserve position, the Central Bank of Sri Lanka (CBSL) on Monday said its attention has been drawn to several misleading and erroneous interpretations regarding the change in the composition of the CBSL’s

Creating awareness and engaging the private sector on one of the most important anti-corruption tools in a democracy, the Ceylon Chamber of Commerce will conduct a webinar on ‘The Right to Information and the Private Sector’, on Tuesday, January

The Japan Sri Lanka Technical and Cultural Association (JASTECA), established as an alumnus of the Association for Overseas Technical Scholarship (AOTS), held its 35th Annual General Meeting (AGM) recently, at Galadari Hotel Colombo.

A top emerging-market money manager, who scooped up gains with Ecuador’s restructured bonds, is now waiting for Sri Lanka to default to load up on the nation’s debt.

The Central Bank yesterday said the first monetary policy review announcement for this year would be made on January 20, at 7:30 a.m.

Taking a swipe at those who call for the government to default on the upcoming sovereign bond, at a time when the funds are already allocated, Central Bank Governor Ajith Nivard Cabraal said they had now changed their tune after peddling fears for tw

The Rs.229 billion relief package announced by the government a week ago could reduce Sri Lanka’s scope for fiscal and debt consolidation, though it could support economic recovery, Moody’s Investors Service said in a brief statement yesterday.

The stock market is expecting a strong spell of December quarter earnings, which could extend the current rally in the equities into the next few weeks, as the companies are expected to release their earnings reports from as early as this week.

Sri Lanka has sold down a significant part of its gold reserves, which form part of its foreign exchange reserves during December 2021.

WindForce Limited, Sri Lanka’s largest private sector renewable energy producer, has withdrawn its offer to acquire 92.5 percent stake of Fairway Waste Management (Pvt) Ltd. as the sellers failed to fulfil the conditions stipulated in the share sal

Sri Lankan President Gotabaya Rajapaksa has sought debt relief and an import credit scheme from China.

A few days before the end of 2021, the Central Bank said it increased its foreign currency reserves above US$ 3.0 billion and would maintain such reserves at that level until the yearend, making good on its earlier pledge but failed to explain how it

High net worth investor Dr. T. Senthilverl has increased his stake in Amana Bank PLC to 10 percent through Senthilverl Holdings (Pvt) Ltd. likely posting himself among the top three shareholders of the Islamic bank.

The Central Bank set the record straight on the repatriation and conversion of foreign exchange earnings as accusations poured through last week against licensed banks for forcibly converting foreign exchange earnings repatriated by migrants and thos

The Hambantota International Port (HIP) has received FSS certification (Fitness for Service) for their tank farm facility.

The ‘CMA Excellence in Integrated Reporting Awards 2021’ the highlight of Annual Reporting in Sri Lanka supported by the Colombo Stock Exchange is organized for the 7th year in succession and the awards will be presented on January 11th and will

On January 6, 2022, Lanka IOC participated in the signing of several agreements and documents related to the development and use of the Trincomalee Oil Tank Farms (OTF).

Sri Lankan shares ended higher yesterday, hitting a record peak in the session and notching their best week in nearly a year, aided by a surge in industrial stocks and sustained buying from domestic investors.

The initial public offering (IPO) of LOLC General Insurance Limited was oversubscribed within minutes of opening on December 16, 2021.

The shares of Kapruka Holdings Limited (CODE: KPHL-N-0000) commenced trading on the Colombo Stock Exchange (CSE) yesterday.

Advocata’s Bath Curry Indicator (BCI), which tracks the monthly changes in the retail price of food, recorded an increase of 15 percent from November 2021 to December 2021.