The Government Information Department yesterday announced the public and private sector experts, who have been appointed to the committee to formulate Sri Lanka’s national policy on digital banking, blockchain and crytocurrency mining.

Habitat for Humanity Sri Lanka, an international non-profit organisation dedicated towards providing every family in Sri Lanka with a safe and stable place to call home, appointed Lakshan Madurasinghe as its Goodwill Ambassador.

Sri Lanka’s leading e-commerce platform Kapruka.com (Private) Limited announced plans to commence accepting payments via cryptocurrencies within the next couple of weeks.

The Institute of Policy Studies of Sri Lanka (IPS) will host a public webinar series in conjunction with the release of the IPS’ annual flagship report ‘Sri Lanka: State of the Economy 2021’, on October 11, 13 and 14, from 3:00 p.m. to 4:00 p.m

As nations across the globe are gearing up to welcome tourists, the Maldives has been successful in attracting over 100,000 travellers for the fourth month this year since it opened its borders.

The Asian Development Bank (ADB) and the Government of Sri Lanka yesterday signed a loan agreement for US$ 110 million in additional financing to support the ongoing Health Sector Enhancement Project, which is aimed at improving the primary healthcar

Pandemic related economic stress could continue to drive down beer sales through March 2022 before staging a growth with the gradual restoration of economic normalcy, lifting of movement restrictions and the recovery of tourism trade, all of which co

The current milk powder shortage in the market will bode well on the domestic dairy producers such as Lanka Milk Foods PLC (LMF) as others have suspended imports due to the increase in controlled price by the government, according to Nation Lanka Equ

Oil prices fell sharply yesterday, extending losses from the previous session, as the United States said it was considering selling oil from its strategic reserves and as Russia said it was ready to stabilise the natural gas market. Brent crude price

Relief afforded to pandemic affected borrowers in the passenger transport sector affiliated to tourism in particular and others in general have been granted with an extension in line with the extensions granted separately for each sector effective fr

Tourist arrivals to Sri Lanka more than doubled in September from August, with over 13,000 travellers entering the country in September making it the first time since the Covid-19 outbreak for the country to welcome over 10,000 visitors in a month.

The medium term outlook for Sri Lanka is “clouded” by pre-existing macroeconomic weaknesses and scarring left by the Covid-19 pandemic, the World Bank (WB) said, although the economy is expected to expand by 3.3 percent in 2021.

Top Sri Lankan conglomerate E.B. Creasy & Co. PLC has declared a whopping 60 percent dividend payout, from the distributable profits of the company for FY2020/21.

Aitken Spence PLC was ranked amongst the top 15 in the Most Respected of the nation’s most admired corporations for 2021.

DIMO, a leading diversified conglomerate in Sri Lanka, further extends its commitment to the COVID-19 economic recovery of the nation by facilitating free technical inspections to the industrialists through DIMO TECH, the group’s general engineerin

Sanken Overseas (Private) Limited, last year’s NCE award winner for Sri Lanka’s highest net foreign exchange earner, has initiated the development of an 80 villa luxury resort to be operated under the JW Marriott brand.

The 2021 Conde Nast Traveller Readers’ Choice Awards were announced this week. Registered voters from across the globe weighed in on their favourite resorts. Resplendent Ceylon received recognition for all three resorts: Cape Weligama, Ceylon Tea T

The Cabinet of Ministers this week approved a proposal to enter into a loan agreement for a US $ 3.6 billion credit line with the Government of Oman to finance petroleum procurement for a period of one year.

The Cabinet of Ministers this week cleared the path for the state-run Ceylon Petroleum Corporation (CPC) to enter the liquefied petroleum gas (LPG) distribution operations, as the third market player.

Ever Ace, the world’s largest container ship, that docked at the Colombo International Container Terminal (CICT) of the Colombo Port, set sail to Malaysia, midnight, yesterday. The container ship, which is part of Evergreen Line, called at the Col

The Cabinet nod has been given to recognise India-based HCL Technologies’ US $ 10.5 million software and IT project, under the Strategic Development Projects Act, granting the necessary tax concession for investment.

The government has decided to allocate additional land for the commercialisation and monitoring activities of the Chinese-funded Lotus Tower project, including setting up of a modern water park.

The maximum deposit rates that can be offered by a licensed finance company for a one-year term deposit has risen by a little under one percent in the quarter beginning from October 2021, as the ceiling rates of deposits offered by the non-bank lende

The transshipment container volumes at the Port of Colombo declined for the second consecutive month in August, after almost touching the pre-pandemic levels in the first half of the year, the Sri Lanka Ports Authority (SLPA) data showed.

International Chamber of Commerce (ICC) Chairman and MasterCard Worldwide Executive Chairman Ajay Banga speaking at the White House COVID-19 Summit, convened by President Joe Biden on the margins on the UN General Assembly, explained the business cas

Asian Development Bank (ADB) Director General for South Asia Kenichi Yokoyama yesterday met with Sri Lanka President Gotabaya Rajapaksa to express ADB’s support for the country’s development and its coronavirus disease (COVID-19) vaccination driv

Under the ‘Stay Strong’ campaign, Republic of Korea Ambassador Santhush Woonjin Jeong, at a ceremony held in the Foreign Ministry on October 4, 2021, handed over a donation of US $ 500,000, which includes PCR test kits and PCR test machines to th

Sri Lanka@100, a private sector-led business development programme supported by the U.S. Agency for International Development (USAID), hosted a public webinar with guest speaker Iora Health CEO and Co-founder Rushika Fernandopulle, to inspire mid-mar

A team of senior European Union (EU) officials began an official visit to Sri Lanka on September 27, 2021, to review Sri Lanka’s progress in implementing the 27 international conventions applicable under the Generalised System of Preferences Plus (

The Chief Financial Officer (CFO) and the Group Finance Director at Brandix Lanka Limited, Hasitha Premaratne asked people and corporates to re-think before fully returning to the pre-pandemic era corporate practices.