Sri Lanka is joining other countries in moving from a traditional approach to road infrastructure and maintenance which pays the contractor based on progress, to a new approach based on contractor performance. 

Lanka Ashok Leyland CEO Umesh Gautam handed over another consignment of 25 Ashok Leyland 10.5 cbm tippers with BS3 and ABS Brakes to Maga Engineering Private Limited CEO Piyadasa Madarasinghe recently.

Has fine dining and seafood been on your mind?Cast your net wide and step out of your comfort zone to experience delicious multi-cuisine dishes created with the freshest, flakiest barramundi sourced 

The A&K Lit Fest comes alive for the third consecutive year with its promise of promoting the Sri Lankan identity through literature. Following two successful chapters, the literary festival is set to 

The earnestness of the government’s claims to power—transparency, media freedom and good governance—was sorely tested yesterday, when the Finance Ministry’s National Public Private Partnership Agency’s Chairman & Act

Newly established Sri Lanka Retailer’s Association joined forces with the Tourism Development and Christian Religious Affairs and Sri Lanka Tourism Promotion Bureau to organize the first ever Colombo International Shopping Festival set to take

SriLankan Airlines added another feather to its cap by being honoured with a prestigious’ Four Star’ rating from the Airline Passenger Experience Association (APEX) in the first ever airline industry rating programme based solely on feedb

The fund flows to the current account of the country’s external account remained mixed in July.  The earnings from tourism in July slipped by 1.8 percent YoY to US $ 352.5 million while worker remittances were up by 3.4 percent YoY to US $

The restoration of the GSP Plus facility, higher prices received for tea and the weaker currency appear to have propelled Sri Lanka’s export earnings but the higher oil bill is showing signs of becoming a headache, threatening the attempts to c

REUTERS: Sri Lankan shares closed at a one-week high yesterday, as investors bought banking stocks and continued foreign buying in the market underpinned positive sentiment, brokers said. The Colombo stock index ended 0.2 percent up at 6,419.47, its

The much awaited anti-dumping legislation has been cleared by the Attorney General and is ready to be presented to parliament, the country’s Industry and Commerce Minister Rishad Bathiudeen said.

Interbrand, the world’s largest brand consultancy has announced the Best Global Brands for 2017.  Now in its 18th year, the theme of this year’s Best Global Brands report is “Growth In A Changing World”, and examines thre

Public Utilities Commission of Sri Lanka (PUCSL) launched a public consultation on the rooftop solar PV development in Sri Lanka as PUCSL intends to issue guidelines and advice on government policy to support the successful implementation of the roof

The International Chamber of Commerce Sri Lanka (ICCSL), an affiliate of the largest Business Chamber in the world, will hold its 51st Annual General Meeting at the Hotel Galadari, Colombo today.

From monumental ancient wonders to spectacular skyscrapers, Sri Lanka has, down through the ages, shown a penchant for awe-inspiring architecture and engineering, standing tall for a tiny  Indian-ocean island.  

Flemingo Duty Free has opened its new departure store at the Bandaranaike International Airport, Sri Lanka, announced CEO, Flemingo Duty Free, Sri Lanka, P.K. Thimmayya at a press conference held in this connection. 

With the proper policies, Sri Lanka could become the best destination for wildlife tourism outside of Africa, according to global research agency Euromonitor International.

In a ruling dated September 19, 2017, the Commercial High Court of the Western Province granted a landmark interim injunction, which was sought by the Indian company, Jyothy Laboratories Ltd. 

Ceylon Biscuits Limited (CBL) is introducing ‘Revello Specialty’, a novel range that takes the customer to a new level of indulgence that goes far beyond traditional associations on chocolates such as romance and gifting to a new creative

Admiral Dr. Jayanath Colombage, Director for Indo-Lanka initiatives of Pathfinder Foundation, participated in the first Meeting of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Track 1.5 Dialogue Forum,

Confusion reigned at Cinnamon Future of Tourism Summit 2017, which kicked off Tuesday, as Prime Minister Ranil Wickremesinghe reintroduced the arrival targets to the country’s tourism policy. 

The Sri Lanka Apparel Brands Association (SLABA) announced Azam Habib, Managing Director of Grace Lanka Apparels (Pvt.) Ltd, as its new President.

Paradise Toys (Pvt) Ltd, one of the leading soft toys manufacturers in the island, recently bagged the President’s Export Award - 2016 for the highest value added exporter in toys games and sports sector. 

Ever since its formation over many years ago in the coffee houses of London, when ship owners and wealthy businessmen pooled their resources to offer protection against mishaps at sea for ships that set sail, the scope of insurance has continuously d

One of Kenya’s fastest growing niche tea brands, APT Commodities, has signed up MTI Consulting to further strengthen its internationalization process– as part of the company’s aggressive growth strategy.

Sri Lanka’s Central Bank believes that the proposed removal of the withholding tax (WHT) on the interest earned from investments in government securities (G-Secs) could facilitate more foreign inflows to the country. 

On September 27, 2017, the Commercial High Court issued two enjoining orders against Arabian Motors (Pvt.) Ltd, upon hearing a plaint filed by Diesel and Motor Engineering PLC (DIMO), which is the sole authorized distributor/dealer of Mercedes Benz a

Despite Sri Lanka bets big on public-private partnerships (PPPs) to bridge its vast infrastructure requirements and also to reform its loss-making state enterprises, the greater political risk and issues in governance have hampered the ability for th

DHL Express clinched Gold for ‘Customer Services Department of the Year’ for its Sri Lankan office at the 14th Annual International Business Awards announced by Stevie Awards USA.

The diversification efforts of Sri Lanka’s regional plantation companies (RPCs) into profitable oil palm operations are being restricted by local politicians, villagers and bureaucrats, the head of the plantation fraternity charged last week.