Colombo Port City which has already attracted a few investors, is set to lead Sri Lanka’s economic resurgence in the near future, its Executive Project Management Director Raja Edirisuriya said.

SriLanka@100, a private sector-led business development platform supported by the United States Agency for International Development (USAID), announced its third round of applications for mid-market companies looking for business advisory services to

The shares of Lanka Credit and Business Finance Limited (LCB), which commenced trading on the Colombo Stock Exchange (CSE) yesterday, closed 10 percent above the issued price after opening double the IPO price.

The Colombo Stock Exchange’s (CSE) benchmark All Share Price Index (ASPI) surpassed 11, 000 points for first time yesterday and closed at 11, 008.33 largely due to increased investor play on illiquid shares, which the CSE said would be dealt with e

The Cabinet of Ministers had held extensive discussions on the pros and cons of seeking International Monetary Fund (IMF) assistance amid a worsening foreign exchange crisis, which has resulted in difficulties in importing fuel, cooking gas and other

National Development Bank PLC’s debenture issue to raise Rs. 8.0 billion via Basel III compliant listed, rated, unsecured, subordinated and redeemable debentures oversubscribed within hours from opening the issue, yesterday.

The Cabinet nod has been granted to recognise the country’s cinema trade as an industry officially with a view to promote and gain international recognition for the sector.

Singapore Airlines (SIA) yesterday announced the resumption of daily services between Colombo and Singapore, increasing flight frequencies to seven times weekly from five weekly flights.

Sri Lanka’s manufacturing and services activities measured by the Purchasing Managers’ Index (PMI) gained substantially in October after the economy was unshackled from the remaining virus-related restrictions from the beginning of the month givi

The Cabinet nod has been given to implement tourism promotion programmes in main tourism source markets of United Kingdom, Germany, France and India targeting 2021/2022 tourist season as an add-on act to the global tourism promotion programme.

The National Chamber of Exporters of Sri Lanka is organizing the post budget forum, to be held today (17) from 3.00 p.m. onwards.

National Chamber of Commerce of Sri Lanka (NCCSL)in a statement yesterday recognized the efforts of the government to signal all the stakeholders that they are in a path towards managing fiscal space by estimating budget deficit for 2022 in single di

Sabry Bahaudeen representing Classic Travel (Pvt) Ltd was unanimously elected as President of the Travel Agents Association of Sri Lanka (TAASL).

The hospitality industry which had been historically male-dominated, for the first time in the association’s history appointed Gitanjali Chakravarthy Haaland as the Vice President at its AGM coinciding with the 50th golden anniversary of Ceylon Hot

Vivya, the first-ever Sri Lankan heirloom rice-infused skincare solutions range, is poised to enter in the South Asian market and beyond.

The board of directors of the Colombo Stock Exchange (CSE) approved the revision of the index calculation methodology of the All Share Price Index (ASPI) at a board meeting held yesterday, to change its calculation basis from full market capitalisati

Sri Lankan shares rebounded to end higher yesterday, helped by gains in financial and industrial stocks.

Sri Lanka will not be able to welcome tourists from Turkey and those opting to fly into the island nation with Turkish Airlines, as the flag carrier has suspended flights to the country, due to COVID-19 concerns.

The government said there are neither plans nor space to immediately open up vehicle imports into the country, after the budget presented last week wrapped up without making any reference to the matter, dashing the hopes of many who waited for the bu

Hemas Holdings PLC had to contend with the soaring producer prices, as the company’s outsize consumer product manufacturing segment felt the brunt of the rising costs and the challenges in the foreign exchange market, sending the group profits down

Commercial Bank of Ceylon PLC reported robust top and bottom line performance, as the bank ploughed ahead with new loans, lower funding cost and cut provisions from last year, albeit setting aside a sizeable amount for possible bad loans, considering

Hatton National Bank PLC (HNB) saw a marginal increase in its profits for the September quarter (3Q21), despite the solid loan growth for the period, as the bank recognised additional provisioning in the quarter under review, on account of the sovere

Sri Lanka last Friday announced plans to securitise the remittance inflows surrendered to the Central Bank in a bid to raise medium term foreign currency funding aimed at easing the pressure on the domestic foreign exchange market until inflows from

The Central Bank yesterday rejected claims by certain parties to the effect of forcible conversion of worker remittances into rupees under the proposed SFA, calling such claims, “completely unfounded”.

Expolanka Holdings PLC will be included in the MSCI Frontier Markets Index for the first time replacing Commercial Bank PLC after November 30th this year.

The hard-hit tourism sector players expressed their displeasure on the Budget 2022 as despite much hope for State support for a quick recovery, the industry was largely ignored in the government’s policies proposed for the coming year.

National Development Bank PLC (NDB) reported higher profits for the three months to September (3Q21) as the bank defied the fresh challenges that stemmed from virus-induced restrictions to maintain its growth momentum set off at the start of the year

Sampath Bank PLC’s profits soared in the three months to September, despite higher provisions for loans and other assets as the lender benefitted from the steep decline in interest expense, higher fee incomes and foreign exchange gains made possibl

While raising concerns on potential policy confusions within the Budget 2022, Opposition party lawmaker and economist Dr. Harsha de Silva on Saturday unleashed a verbal barrage on Budget 2022 presented by Finance Minister Basil Rajapaksa a day ago,

The Budget 2022 that was presented last Friday by Finance Minister Basil Rajapaksa did not propose any policies that would bring about adhoc changes that are difficult for the general public to comprehend, Central Bank Governor Ajith Nivard Cabraal s