The Central Bank has yet again raised the ceiling rate of term deposits offered by finance companies after Treasury bill yields started adjusting upwards lately as such deposit rates are tied to 1-year Treasury bill rate.

Sri Lankans continued to lose jobs in the third quarter through September 2021 while some gave up on looking for jobs after the pandemic and its associated economic downturn pushed scores of people into the sidelines, deepening the skill shortages fa

President Gotabaya Rajapaksa is likely to appoint a Cabinet-level negotiation committee to hold discussions with ‘friendly countries’ seeking financial assistance ahead of the country’s external debt repayments this year.

Macksons Holdings, the manufacturer of Multilac paints and Macktiles floor tiles, yesterday became the first private sector company to announce a salary hike for its employees in line with the government’s relief package announced on Monday, which

Sri Lankan shares hit an all-time high yesterday, and marked their fifth straight session of gains, boosted by financial stocks.

ICTA, in partnership with industry partners FITIS, SLASSCOM, BCS and CSSL and National Partners Export Development Board and Board of Investments, will be hosting the inaugural National Digital Consortia, from January 10 to 13, 2022.

The 12th edition of the Jaffna International Trade Fair (JITF), a mega trade fair, will be held in the heart of Jaffna this January 21, 22 and 23.

As Sri Lankan migrant workers flock to informal remittance channels with the growing gap between the official exchange rate and black and grey market exchange rates, Labour Minister Nimal Siripala de Silva urged the government to offer Rs.240 per US

Credit card spend, a proxy for the spending pattern of mostly the urban consumer, continued to gain more momentum in November, after a sharp upsurge recorded in October, which corresponded with the easing of virus-related restrictions.

The local tea sector braved through the challenges stemming from the pandemic to record an “excellent performance” in 2021; however, more focused efforts are required to sustain the momentum in 2022, as regional competition gets aggressive, the

The stock market commenced trading in 2022 with a bang, as the benchmark index recorded its highest single-day gain while the daily turnover topped Rs.9.5 billion.

Sri Lanka’s oldest finance company Alliance Finance Company PLC (AFC) has secured a US $ 5 million medium-term financing facility from impact investing fund EMF Microfinance Fund AGmvK, Liechtenstein, advised by Swiss-based Enabling Qapital S.A.

The Colombo District Court has delivered a judgment in favour of the defendant parties regarding a property in Colombo that was derived by right of long and prescriptive possession.

The Central Bank has revised the earlier rule, which set maximum interest rates on mortgage-backed housing loans, effective from January 1, 2022, considering the rising interest rates in the economy and the current and expected macroeconomic developm

DFCC Bank ushers in the New Year with the appointment of new Chief Executive Officer Thimal Perera who took over the reins from the 01st of January 2022.

Among the records made last year—most of which didn’t necessarily bring in a sense of achievement—was the record phase at which money was printed, as the Central Bank, influenced by the Modern Monetary Theory (MMT), flooded the markets with liq

Public Utilities Commission of Sri Lanka (PUCSL) is calling for qualified consultants who could investigate the reasons for the woeful financial situation of the Ceylon Electricity Board (CEB) and to propose how to introduce reforms to the country’

John Keells Group (JKH) is seeking an extension from the Central Bank to reduce its shareholding in Nations Trust Bank PLC (NTB).

Credit to the private sector recovered in November from October lows indicating that the economy is on a recovery phase after the end of mobility restrictions, while the private sector is also beginning to spend to meet the strong demand coming throu

Chamal Jayaratna, Sri Lanka’s award-winning jewellery and watch designer, has won the Luster Award for Foam and Pearls Earring, at the 2021 International Pearl Design Competition (IPDC) USA, organised by the Cultured Pearl Association of America

Exterminators Limited, Sri Lanka’s premier environmental enhancement solutions provider, announced the appointment of Dr. Nihal Attygalle and Ajith Kumara as Non-Executive Independent Directors of the company’s board of directors.

Brilliant Cuts (Pvt.) Ltd gets recognised by the South Asian Partnership Summit, as the company wins the Best Woman Leadership Excellence in Entrepreneurship Award 2021, under the women leadership category and the Export Management Sector Excellence

Kapruka, the pioneering e-commerce platform that has evolved into Sri Lanka’s largest locally owned global e-com platform, announced its plans to launch a ‘used goods marketplace’ a as fully-owned new sub-brand – Soldout.lk.

Sharing the flavours of Sri Lanka, combined with Ceylon Tea in a carefully crafted tea inspired menu, the t-Lounge by Dilmah is centrally located at Pullman Dubai Creek City Centre.

A 28-member business delegation from Hungary will arrive in Sri Lanka on January 12, to explore trade and investment opportunities in Sri Lanka.

The Pathfinder Foundation produced a Report ‘Pathfinder Beyond the Box; a New Economic Vision for post-Covid Sri Lanka’, which was presented to senior policy makers and made available to the public in May 2020.

Brombil tea factory situated in Pelawatte in Kalutara district has produced and sold the highest quantity of tea for a factory in Sri Lanka in 2021 with 3,834,290 kgs.

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 on November 27th at Galadari Hotel Colombo.

A gentle Christmas rally normally seen in prices every December turned into a blowout in December 2021, as inflation in Colombo soared to a 12-year high.

DIMO, a leading diversified conglomerate in Sri Lanka, recently introduced the all-new Komatsu PC210-10M0 excavator to Sri Lanka.