President Gotabaya Rajapaksa will chair a high-powered ministerial committee consisting of both Cabinet and State Ministers, whose task is to promote investments for import substitution and exports in line with President’s ‘Saubhagya Dakma’ ele

Softlogic Life Insurance PLC, a unit of Softlogic Holdings PLC and the country’s third largest life insurer, yesterday said it finalised two landmark deals to the tune of US $ 30 million (Rs.5.6 billion).

CIMA, the world’s leading and largest professional accountancy body, yesterday launched ‘Hundred & 10%’, CIMA Sri Lanka’s first-ever virtual career festival.

The government is planning to increase the export earnings of coconut up to US $ 1 billion during the next five years, Plantations Minister Ramesh Pathirana said yesterday.

Sri Lanka’s insurance regulator has suspended dividend payments to the shareholders of insurance companies to minimise any potential near-term impact on insurers’ capital levels due to disruptions to their business by way of loss of premium incom

Australia tumbled into its first recession for almost three decades with its pandemic-crippled economy shrinking a record 7 percent in the second quarter, official data shows.

Leading turmeric importers in the country in a letter addressed to President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa had requested their assistance in releasing one million kilogramme of turmeric already imported to the country and ly

India’s economic growth suffered a historic 23.9 percent decline between April and June, official figures showed Monday, as manufacturing and productivity were battered by a strict coronavirus lockdown.

Canada-based Ceylon Graphite Corp., which is involved in the exploration and production of graphite in historic resource jurisdictions in Sri Lanka plans to invest US$ 6.2 million to develop new sites and start upgrading its natural graphite.

Manufacturers and exporters of rubber products in Sri Lanka charge that mafia middlemen are trying to artificially manipulate raw rubber prices by hoarding stocks and lobbying the government to control imports, so that their stocks could be sold at h

Cargills (Ceylon) PLC has announced the appointment of Asite Talwatte as an Independent Non-Executive Director of the Company with effect from August 28.

The National Chamber of Exporters (NCE) being a strong advocate for sustainable and ethical trading practices, which also includes ensuring employee safety of exporting industries, safety of the clients and continuous hygienic practices, is of the vi

Italy posted a record economic contraction yesterday as household spending and investment crashed during the country’s coronavirus lockdown, driving the eurozone’s third-largest economy deep into recession.

Trade Minister Bandula Gunawardena declared that it is only through increasing exports the Sri Lankan economy, which has been challenged by foreign debt servicing, can be salvaged in order to realise a better future for the country’s next generatio

Taxi hailing app, Uber launched in Colombo its new package delivery service ‘Uber Connect,’ which will allow residents of Colombo to send and receive parcels within city limits.

State enterprise facilitation agency, National Enterprise Development Authority (NEDA) affirmed its commitment to take the newly launched Ceylon Artisan Network (CAN) Market across the island so that budding entrepreneurs are able to effectively laun

Aligning with the vision and the imperatives set out by the Presidential Task Force for Economic Revival and Poverty Eradication, Fonterra Brands Lanka is accelerating its export efforts of value-added dairy.

For a record 15th year, John Keells Holdings PLC (JKH) was ranked as the Most Respected entity in Sri Lanka in the recently released edition of LMD’s Most Respected Entities issue.

Consumer prices in the mostly urban Colombo district decelerated in August from July as non-food prices eased, while the prices of the food basket continued its ascent.

Sri Lanka’s budget deficit for the first six months of 2020 expanded by Rs.214 billion in comparison to the same period in 2019 as the pandemic put a heavy damper on tax incomes as curfews imposed for nearly two months took a heavy toll on incomes

The Central Bank (CB) is currently considering the establishment of a national entrepreneurship development bank and a permanent credit guaranteeing institution to support domestic industries, while bearing in mind the country’s poor record in dev

Harsha Amarasekera PC was appointed as the Chairman (Non-Executive, Non- Independent) of Sampath Bank PLC with effect from 30th August 2020.

Worker remittances rose in July continuing its ascendency for the third month in row after the coronavirus pandemic put a damper on the key foreign exchange income to the country, which helps a great deal to ward off serious challenges in the externa

The Sri Lanka Association of Software and Services Companies (SLASSCOM) recently launched a Product and Platform Council (PPC), which aims to become an important catalyst in inspiring and encouraging innovation and creation of technology-centric prod

Considering the protracted disruptions to the tourism sector from the coronavirus pandemic and the resulting travel restrictions, the Central Bank has decided to afford the moratorium on loans to tourism sector entities and individuals engaged in the

In commemoration of Women’s Equality Day, The Association of Private Hospitals and Nursing Homes (APHNH) has called for greater recognition and support towards female healthcare professionals and reiterated its commitment to enhancing the education

The Finance Ministry said vehicle permit holders who haven’t been unable to import vehicles due to import restrictions, can purchase unregistered vehicles already imported to the country from registered vehicle importers/sellers at market price min

Britain’s government yesterday urged people to return to work amid concern about the impact of the coronavirus lockdown on the economy and struggling high street businesses.

Sri Lanka Tourism Alliance announced the launch of ‘Love Sri Lanka Locals’, a domestic tourism initiative to assist the industry during these unprecedented times. Silver Members of the Tourism Alliance are given the opportunity to feature their a

Chairman of Sri Lanka Export Development Board (EDB) Prabash Subasinghe recently met Yang Zuoyuan, Economic and Commercial Counsellor of the Chinese Embassy in Colombo to discuss the opportunities available to enhance trade between the two countries.