AI is a hot topic, including conversations about AI chat services, 2D and 3D image generation from text, and even AI architectural design. Interactive AI chatbots like ChatGPT show the technology’s new applications—and shows the new precision of

Alumex PLC, a prominent player in the aluminium extrusion industry, capped off an exceptional 2023 year with great successes, clinching over 14 awards in the past year, affirming their leadership in shaping Sri Lanka’s export landscape and commitme

HNB PLC recently partnered with Havelock City, the premier mixed-use development project, to facilitate convenient home ownership for the limited selection of completed residential units available in its final phase. The partnership will provide excl

During the firm’s extensive 21 years of tracking land prices in Sri Lanka, the current period stands out as the flattest so far, an analysis by Research Intelligence Unit (RIU) showed. In the aftermath of the economic crisis, it said it noted that

The World Bank (WB)-funded US $ 75 million Sri Lanka Financial Sector Modernisation Project has largely ended up in failure, with a vast majority of funds remaining unutilised, a completion and results report revealed. The project was aimed at enhanc

BBC: Ryanair has cut its profit expectations for the year to the end of March, after some online travel agents stopped selling its flights. The airline reduced fares to fill seats in December after it said sites including Booking.com, Kiwi and Kayak

While terming the Colombo Port City Economic Commission Act as an ‘aberration’ of the original Special Economic Zone concept, former Board of Investment (BOI) Chairman and Public-Private Partnership (PPP) Unit Head Thilan Wijesinghe called on the

The deficit in the budget expanded in the 11 months to November 2023, on the back of the higher expense base. However, the higher taxes appear to be bringing in substantially higher revenues for the government, signalling that it is on track towards

The Sri Lankan rupee could appreciate to Rs.310 against the US dollar by the first half of this year, mainly due to the depressed consumer spending, owing to the higher taxes, First Capital Research (FCR) said. “On the currency, we are a bit of lo

The cumulative merchandise exports during the January to December 2023 period dipped to US $ 11.85 billion when compared to the corresponding period in 2022. The island nation saw its total exports reach US $ 14.94 billion in 2023, including merchand

The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) recently hosted its New Year’s Reception 2024 at the Taj Samudra Hotel in Colombo, setting the stage for a remarkable convergence of industry leaders and professionals.

In a grand celebration of achievements, HNB Assurance recently hosted the Partnership Life 2024 event, recognising....

Despite a lackluster start, the Colombo Stock Exchange is on track to become one of the top-performing frontier markets. According....

In a recent agreement, the United States through the United States Agency for International Development’s CATALYZE....

Sri Lanka’s tourism sector recovering from multiple crisis, is helping banks to maintain stability and enhance liquidity, according...

Credit card holders appear to have begun to loosen their purse strings in the final few months of last year, setting off potentially....

As Sri Lanka gears up to celebrate its 76th Independence Day on February 4, a bustling small shop in Dematagoda echoes....

AFC Asia Frontier Fund said the Colombo Stock Exchange (CSE) would continue to continue its market rally with strong ...

The trade deficit or the negative balance resulting from trading merchandise goods between Sri Lanka and the rest of the world....

The weekly bill auction held last week stood out as yields fell quite sharply across all maturities than before, potentially setting ....

The weekly prime rate which was on a steady path downwards in the last few weeks coming below 12.0 percent gained last week....

Beauty giant Avon has come under fire for maintaining links with Russia despite the ongoing war in Ukraine. The BBC....

In a trailblazing achievement, AIA Insurance, Sri Lanka’s Most Respected Insurer (LMD and NielsenIQ, 2023), has secured the illustrious...

Litro Gas Lanka Ltd has recently declared a contribution of Rs.3 billion in dividends to the Sri Lankan government Treasury ....

Maersk, a leading shipping company, announced last week that it has increased its focus on the Indian subcontinent ....

Commercial Bank of Ceylon has announced an enhancement of the complimentary airport lounge access available to holders....

The Hambantota International Port (HIP), in partnership with the Sri Lanka Coast Guard and Sri Lanka Navy, stepped....

The world’s first large methanol-enabled container vessel has been named Ane Mærsk at a ceremony in the shipyard of HD ....

The UN’s trade and development body UNCTAD has raised profound concerns over escalating disruptions to global....

Sri Lanka cannot simply dismiss its engagement with the International Monetary Fund (IMF), President Ranil Wickremesinghe emphasised while citing the complexities that could arise, if a decision is made to do so.