The Board of Investment (BOI) yesterday entered into an agreement with the Sundara (Pvt) Ltd, a foreign investor specialized in boutique hotels, to create a luxury resort project valued at over US$ 4.5 million in Koggala.

SriLankan Airlines is to resume services to Pakistan’s commercial capital Karachi today. Sri Lanka’s national carrier will

REUTERS - Sri Lankan shares ended weaker yesterday, snapping three straight sessions of gains, as foreign investors sold risky assets and the market shrugged off a widely expected rate cut by the Central Bank.

BEIJING/SHANGHAI (Reuters) - U.S. electric vehicle (EV) maker Tesla Inc said yesterday it would price its China-made Model 3 vehicles from 328,000 yuan (US$47,529), 13 percent cheaper than those it currently imports as it pushes sales in the fast gro

Cigarette taxation in Sri Lanka is much in need of more professional management. This is not surprising – much of the government is in need of the same.

World No Tobacco Day falls today (May 31), with the global campaign converging to combat the harmful impacts of tobacco use and second-hand smoke.

Founder and Managing Director Mahinda Ranasinghe and the Board of Directors of Finagle Lanka Pvt. Ltd., consisting of family members, claim another achievement in the export sector, with the increased demand for Finagle products across the globe.

Spectacular shows, quality dining and shopping dominated the agenda when Ceylinco Life treated a group of policyholders and their families to a three-day visit to Singapore recently, as part of the Company’s on-going ‘Family Savari’ mega promot

Swiftly responding to the needs of the most affected in the recent tragic Easter Sunday attacks in the country, Pan Asia Bank’s (PABC) Negombo branch joined hands with the Red Cross Society of Negombo to organise a donation drive to benefit the vic

Fadna Ezy tea is the natural remedy for ladies having difficulties in their menstrual periods, which now comes in a handy packet for an affordable price.

Samsung Sri Lanka was ranked the number-one Electronics Brand by Brand Finance Lanka, in its 16th consecutive review of Sri Lanka’s most valuable brands in LMD’s Brands Annual 2019 Edition of Sri Lanka’s Leading Brands.

Sri Lanka needs to have a medium-term strategy in place to restore the European and Australian air-traffic to pre-Easter Sunday levels as rate reductions will only have a limited impact on attracting Europeans and Australians back to the country, Sri

Sri Lanka’s business confidence has sunk to pre-war levels in 2008 despite the improvement in security situation in the aftermath of Easter Sunday bombings that killed 250 people and injured 500 more.

Sri Lanka’s businesses need to play an active role in eradicating extremism, particularly among younger employees by approaching them in a personal and relatable manner in order to curb extremism, which is now threatening to influence consumer deci

Sunshine Holdings PLC reported modest growth in revenue while the operating profits slipped as the group’s upcountry tea plantation business, which the group divested earlier this week for little over one billion rupees, weighed on the performance

(Colombo) REUTERS: Sri Lanka is planning to raise up to US $1.5 billion via sovereign bonds, tapping global capital markets for the second time within three months as the government seeks new funds to repay loans that are maturing following last mont

REUTERS: Sri Lankan shares rose for the third straight session yesterday on hope of a rate cut by the Central Bank later this week, while the rupee closed weaker on mild importer dollar demand, market sources said.

Cambodia’s leading mobile telecommunications operator, Smart Axiata, has partnered with Global Wavenet to offer value-added features to its existing Ring Back Tone (RBT) offering.

Mobitel (Pvt) Ltd, the National Mobile Service Provider in Sri Lanka, successfully demonstrated mobile 5G technology in Polonnaruwa, under the patronage of President Maithripala Sirisena on May 12th at ‘Deepa Uyana’ Polonnaruwa. This signifies

Marking its 30th anniversary, ASUS, the Taiwan-based multinational computer hardware and consumer electronics company, unveiled a limited-edition device series, at the ‘Wiser Together’ special press event on Monday, in Taipei, Taiwan, coinciding

Measures to prevent criminals and terrorists from exploiting the global financial system often have unintended consequences in the form of less access to credit for small and medium-sized enterprises (SMEs) in vulnerable regions like the Pacific.

The Sri Lankan government is currently in the rather confused state of having lost track of the number of State enterprises it runs. While the Ministry of Finance tracks the financials of 55 key SOEs, the government does not have an official number f

Commercial Bank of Ceylon has announced a reduction of interest rates relating toits ‘Biz Loans’ with a view tofurther supporting the small and medium businesses of the country.

The Central Bank of Sri Lanka recently signed an agreement with DFCC Bank to facilitate EPF payments online through DFCC’s iConnect Payments and Cash Management Portal.

The New Business Management Department and Life Claims Department of HNB Assurance PLC (HNBA) were certified with ISO 9001:2015.

During the past few months, Sri Lanka has witnessed a rocky economic growth, influenced by unfortunate events that took place. These events took the spotlight away from the country’s booming tourism, retail/trade, banking and other sectors alike, h

The Export Development Board (EDB) together with Plantation Industries Ministry, Rubber Development Department (RDD) and Rubber Research Institute (RRI) will be organizing a series of workshops to give the smallholder farmers the necessary awareness

The International Chamber of Commerce (ICC) Founded in 1919 following aftermath of the First World War. ICC was built on the conviction that strong commercial ties between nations would ultimately reduce the risk of war and armed conflict. Since that

The Ceylon Association of Shipping Agents (CASA) yesterday welcomed the proposed new revival deal for the East Container Terminal as part of Colombo Port expansion.

Top representatives of the country’s tourism industry yesterday said the sector is likely to bounce back in one year if the authorities can get the recovery plan mix right in the aftermath of the Easter Sunday attacks that killed over 250 people an