Sri Lanka’s small and medium accounting firms should consolidate and collaborate to position Sri Lanka as a one-stop solution for international clients challenging global players by developing....

According to the first UNWTO World Tourism Barometer of the year, international tourism ended 2023 at 88 percent of pre-pandemic levels, with an estimated 1.3 billion international....

There is still significant room for recovery across Asia. The reopening of several source markets and destinations will boost recovery in the region and...

State borrowing from banks saw some modest increase in November last year from a decline recorded in the month earlier, but the money raised from the Central Bank has continued to be on a descent...

Lassana Agri Innovation and India’s Agriplast Protected Cultivation (Pvt.) Ltd entered into a memorandum of understanding in Colombo, last week, paving the way for advanced greenhouse....

Despite some strength reflected by the official jobless rates, Sri Lanka’s labour market remains still a lot weaker before both the economic crisis and the pandemic as industries and companies...

Sarvodaya, a leading grassroots organisation, is partnering with Hatch, Sri Lanka’s largest innovation and entrepreneurship development organisation, to launch the GoviLab agritech...

Over the past several years, many companies globally have taken a voluntary approach to sustainability goals, decisions and strategies. Throughout 2023, a common refrain was that progress toward....

Suez Canal diversions will inflate container shipping costs for as long as the situation lasts, but trade always finds a way, even if it takes a bit longer than usual. Inevitably....

Indices and futures bid/ask levels have firmed dramatically in recent days and weeks because of the Red Sea crisis. Container freight rates have surged....

The Jaffna branch of Commercial Bank of Ceylon has been awarded a Platinum rating by the Green Building Council of Sri Lanka (GBCSL), the highest available award in Sri Lanka for green...

Union Bank recently relaunched its private banking proposition Union Bank Elite Circle, with a selection of new features tailored to its customers’ specific needs. The most recent...

Seylan Bank has introduced a solution to address the challenge of rising electricity bills. In response to the pressing need for sustainable and cost-effective energy solutions....

Sri Lanka’s reform initiatives garnered positive feedback from the visiting International Monetary Fund (IMF) team during their recent routine assessment. However, despite this encouraging development....

Leveraging the effectiveness of the Central Bank of Sri Lanka on the control over inflation, the International Monetary Fund (IMF) emphasised the importance of maintaining a prudent approach in future monetary policy decisions.

While reiterating once again the importance of consolidation in the banking sector for higher scale, efficiency and strength, the Central Bank said it is going to roll out the second phase of the consolidation master plan for the non-bank finance com

Singer Sri Lanka PLC, the holding company engaged in retailing and wholesale marketing home appliances and furniture, would merge with two of its subsidiary companies, a filing to the Colombo Stock Exchange revealed. Hayleys PLC, the parent company,

The Colombo Stock Exchange (CSE) this week saw five companies delist. As per the notices from the capital market operator, Indo-Malay PLC, Good Hope PLC, Selinsing PLC, Shalimar (Malay) PLC and Nestle Lanka PLC have been delisted from the official li

A game-changing world first in the sphere of packaging for bulk teas by Sri Lanka’s St. Regis Packaging can potentially enhance the environmental credentials of Ceylon Tea on the global stage. The inventor of the Rigid-T-Sack that replaced plywood

The Colombo Tea Auction saw 5.1 million kilogrammes come under the hammer this week, which was met with good demand. In the Ex-Estate catalogues, the quantity on offer totalling 0.76 million kilogrammes, was fairly similar to last, with only a small

BBC: Retail sales volumes fell by 3.2 percent in December in the sharpest drop since the UK was in a Covid lockdown. Official figures revealed a sharp fall in demand for goods but food sales also declined in the run-up to Christmas. The Office for Na

The Export Development Board (EDB) has solidified its commitment to advancing the ICT BPM sector by establishing a strategic partnership with the Japan International Cooperation Agency (JICA). This collaboration is set to play a pivotal role in expa

As the Central Bank of Sri Lanka prepares to announce the initial monetary policy review of 2024 next week, industry experts anticipate that the monetary authority will uphold current policy rates initially, with a subsequent shift towards a more acc

The governments of India and Sri Lanka are currently working on promoting and strengthening connectivity in digital, physical, and power & energy spheres between the two countries. In the digital sphere, the Indian government has embarked on several

In a candid discussion at the World Economic Forum (WEF) stakeholder dialogue titled ‘Pulling back from the brink,’ held in Kurpark Village, Aspen, President Ranil Wickremesinghe outlined short-term strategies aimed at revitalising Sri Lanka’s

Sri Lanka is eyeing to attract high-end tourists to the Southern Coast with upcoming ‘Galle Concerto 2024’ series featuring six vibrant festivals in art, food, literature, and music in this peak winter season. “Out of our (2

The governments of India and Sri Lanka are currently working on promoting and strengthening connectivity in digital, physical, and power & energy spheres between the two countries.

Diversified conglomerate Sunshine Holdings PLC has announced the appointment of Shyam Sathasivam as its Group Chief Executive Officer. Shyam held the p

In a strategic move to promote International Fair Trade and foster global cooperation, Sri Lanka has inked the Framework of Cooperation (FOC) with International Fair Trade Networks in Colombo. The signing cerem

The Indian CEOs were able to get first-hand insights on the development in Sri Lanka’s economic landscape this week with President Ranil Wickremesinghe taking the centre stage at a recent roundtable discussion organised by the Con