Full recovery of the tourism trade to its pre-pandemic levels appears to stretch through 2025 as authorities and other stakeholders have increasingly come to the realisation that any recovery is gradual and contingent on how the virus would evolve as

While calling for a fair price hike, Laugfs Gas PLC this week assured sufficient LPG supplies for all of its customers when the country opens up on 30th this month.

Sri Lanka is estimated to be losing Rs.260 million a day by remaining on the UK’s ‘red list’ for travel, the World Travel & Tourism Council (WTTC) said.

BoardPAC, the Sri Lanka-headquartered award-winning, paperless board meeting automation solutions provider, has announced the appointment of business leader Vijendran Watson as Chairman, with effect from August 2021.

With information technology continuing to play a critical role in steering ahead local and global economies, the Software Chapter of the Federation of Information Technology Industry of Sri Lanka (FITIS) will take the lead to produce exceptionally ta

Whilst the ambience might have been virtual, the recognition still remained highly reputed, as the Association of Chartered Certified Accountants (ACCA) held its prize winners awards ceremony on August 25, 2021, to recognise the affiliates who compl

The COVID-19 pandemic introduces new challenges for organisations looking to build and maintain a robust integrity framework.

Currency in circulation has gradually reached almost a trillion rupees by mid-August, in response to the extraordinary support extended by the monetary policy by way of liquidity made available and the fast descent in the interest rates since the on

The escalation in food prices witnessed in Sri Lanka as it grapples with the pandemic has placed the island nation amongst the four countries in South Asia that has the largest increase in food price inflation, according to the Asian Development Bank

Former People’s Bank General Manager/CEO Vasantha Kumar has been appointed to the board of DFCC Bank PLC as a Non-Executive Independent Director, with effect from September 1, 2021.

The Hotels Association of Sri Lanka (THASL) yesterday hailed the government for taking steps to commence the much-awaited destination marketing campaign targeting over 16 key countries.

The Cabinet nod has been given to procure organic fertiliser required for the 2021/2022 Maha season from selected local organic fertiliser manufacturers.

ICRA Lanka has several reasons to believe why the cost and consumer inflation could be higher in the second half of the year, relative to the first half, as all signs point to that direction with the raging virus spread, putting a damper on the broad

As the Colombo Stock Exchange continues to set new daily records, defying the effects of the broader economy from the lockdowns in effect since last Friday, First Capital Research (FCR) said it was time to cut exposure to equity and increase the cash

The Board of Investment (BOI) of Sri Lanka announced that, together with the able support received from the Ministry of Health and the armed forces, it had successfully administered the second dose of vaccinations against the COVID-19 pandemic, to ne

The Joint Apparel Associations Forum (JAAF) has formulated a 5-point framework to coordinate the industry’s response to challenges stemming from COVID-19 and to drive stakeholder collaboration towards ensuring sustained long-term growth of Sri Lank

In a historic partnership entered into on August 24, SDB bank and Hayleys Fentons have come together to promote sustainable solutions relating to energy and built environment through innovative customer value propositions, in what represents a fresh

Sri Lanka Convention Bureau (SLCB) is a State institute under the Ministry of Tourism with the prime objective of promoting Sri Lanka as a venue for MICE (Meetings, Incentives, Conferences, Exhibitions & Events) activities.

In its standing as the national body of accountants, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will pay special attention to the newly legislated Colombo Port City Economic Commission Act by organising a virtual seminar to he

The government says it is not possible to make a full transition of the State vehicle fleet to either electric or hybrid by 2025 due to the current environment.

Acuity Stockbrokers, emboldened by the robust financial performance recorded by the banking sector for the second quarter despite pandemic related disruptions to the broader economy, maintained its positive outlook for the sector in the remainder of

In a bid to facilitate more tourists entering the country, the Cabinet of Ministers yesterday announced its decision to issue tourist visas valid for 180 days for those arriving via electronic visa approvals.

Emirates has announced the resumption of its Colombo - Male service starting September 1.

With 5, 533 State-owned vehicles not in running condition, the government has granted a monthly allowance to 8,500 senior officials in State institutions for using their private vehicles for official purposes.

National consumer prices rose to 16-month high in July as food prices soared while non-food prices gained over the previous month with the brief returning of normalcy after month long virus-related restrictions in June, as seen from the subcategories

The turnover on the Colombo Stock Exchange (CSE) yesterday topped Rs.10 billion with both indices significantly improving, as retail investors continued to dominate the trading heavily focusing on foreign exchange earning firms, with Expolanka Holdin

The Ceylon Electricity Board (CEB) returned to profit during the three months ended in June (2Q21), as revenues rose, generation costs eased while the finance cost fell, improving the financial prospects of the key power utility in the country for th

The largest allocation of Special Drawing Rights (SDR) in the history of the International Monetary Fund (IMF) to the tune of US $ 650 billion came into effect yesterday.

Creating history in the country’s shipping industry, the Ceylon Association of Shipping Agents (CASA) has elected McLarens Shipping Group Managing Director Shehara De Silva as the association’s first female Chairperson.