Sri Lanka’s business conditions improved to the highest levels in the fourth quarter of last year, since the first quarter of 2022, according to the Central Bank’s (CB) Business Outlook Survey for 4Q 2023. However, the index remained below 100, a

CNN: Adidas has slumped to a rare annual loss, hit by the fallout from its costly break-up with rapper Ye, falling sales in North America and a huge tax bill. The German sportswear giant posted a net loss of 58 million euros (US $ 63 million) in its

The Cabinet nod has been granted to award the contract to commission a 100MW solar power plant in Oddamawadi, Batticaloa, on a build, own and operate basis (BOO), to Solar Forge Batticaloa. Power and Energy Minister Kanchana Wijesekera this week soug

Top professional Kavan Ratnayake has been appointed as Chairman of the state-run Bank of Ceylon (BOC), the bank announced yesterday. In a filing to the Colombo Stock Exchange, BOC said the new chairman would take over his duties with effect from toda

The secondary market witnessed a day marked by subdued sentiment, attributed to limited activities and thin trading volumes. Notably, the short to mid tenures, including 15.12.26, 01.05.27 and 15.12.28, enticed trades at 11.29 percent, 11.90 percent

HNB PLC reaffirmed its dominant leadership position, after being ranked as Best Retail Bank in Sri Lanka for the 14th year at Asian Banker Global Excellence in Retail Financial...

The governments of Ecuador, India, Kenya, Laos, the Philippines, Uruguay and Vietnam have come together to launch a US $ 379 million initiative to combat pollution from the use of pesticides....

Backbay Solar (Private) Limited commissioned two megawatt (MW) ground-mounted solar power plants in Kommathurai, Batticaloa, recently, which are part of the 1X90 SBS II solar tender under....

Sanasa General Insurance Co. Ltd and PULA, an agricultural insurance and technology company, recently signed a memorandum of understanding (MoU) that will help strengthen....

Backbay Solar (Private) Limited commissioned two megawatt (MW) ground-mounted solar power plants in Kommathurai, Batticaloa, recently, which are part of the 1X90 SBS II solar tender under the Ceylon Electricity Board. Backbay Solar is managed by Sin

Talawakele Tea Estates PLC (TTE), a company that stands as one of the jewels in the crown of Sri Lanka’s tea sector, continuously sets the gold standard in employee empowerment....

The governments of Ecuador, India, Kenya, Laos, the Philippines, Uruguay and Vietnam have come together to launch a US $ 379 million initiative to combat pollution from the use of pesticides and plastics in agriculture, the United Nations Environment

The good agricultural practice (GAP) manuals and consulting report developed as part of a project for the modernisation of the plant quarantine system of Sri Lanka, with the Korea International...

Transfer pricing is a concept that is of increasing importance to businesses, especially those with cross-border intercompany transactions. As international...

The Port City Colombo yesterday had its ground breaking ceremony for its premier business park, the Business Center. Port City Colombo...

Despite repeated warnings by banks, the Cabinet approved the draft Recovery of Loans By Banks (Special Provisions) (Amended) Act to suspend parate rights of banks until 15th of December...

As Sri Lanka is looking towards the tourism sector to help improve the current economic condition, Tourism Minister Harin Fernando said active efforts are being rolled out in ensuring the quality....

The government’s decision to suspend the import of several spices including pepper for re-exports is a major setback for the Sri Lankan spice industry, the Spice Council said. Speaking....

12.03.2024

Sri Lanka, renowned for its high-quality vein graphite, is poised to benefit from the increasing demand for “non-China origin” graphite driven by the global push towards electromobility and the US Green....

Editor’s note: Elias Jabbour, a special commentator on current affairs for CGTN, is an associate professor at the School of Economics at the State University of Rio de Janeiro. The article reflects the author’s opinion, and not necessarily the vi

Sri Lanka’s bankers vow to continue exercising mortgage actions against the defaulted creditors through the courts of law, once the suspension of the parate rights of banks comes into effect

The deflationary conditions, which have persisted for many months since around the middle of last year, continued through January, as the prices contended by the producers across the industries have fallen by 3.0 percent from a year ago.

Anantaya Resort and Spa in Chilaw celebrated its 10th anniversary recently. Reflecting on this milestone, Assistant General Manager, Laugfs Leisure Limited, Musthaq Ahamed, expressed gratitude for a decade of unwavering commitment to delivering auth

Intrepid Travel is teaming up with Market Development Facility (MDF), an Australian government funded programme that promotes sustainable economic development across diverse sectors, to support female empowerment. The partnership aims to build capaci

In a bid to redefine luxury travel, The Serendipity Experiences (TSE), a bespoke travel curation service dedicated to crafting immersive journeys that capture the essence of the island nation, was launched recently. With a focus on sustainability, c

Mövenpick Hotel Colombo recently introduced the ‘Space’ wellness brand coinciding with the International Women’s Day. Space’ represents a transformative leap forward for Mövenpick Hotel Colombo, consolidating its diverse offerings into a si

In celebration of World Wildlife Day, Browns Hotels & Resorts launched its first ever Naturalist Training Programme at Hotel Sigiriya recently. Teaming up with the experts from the Sri Lanka Department of Wildlife Conservation, the innovative 3-month

HNB PLC recently rolled out Lanka QR payment acceptance for Indian and Chinese tourists through SOLO, facilitated by the recent partnerships of LankaPay with the National Payment Corporation of India and UnionPay International. The partnership will b

JAT Holdings PLC recently released its financials for Q3 of FY 2023/24, reflecting a resilient performance amidst adverse market conditions. With its operations in Bangladesh seeing continued expansion, including the opening of its manufacturing fac