Indian Prime Minister Narendra Modi on Saturday expressed displeasure on Indians holding weddings overseas and stressed that such celebrations must be held within the country to ensure the money....

The collapse of Zambia’s US$ 3 billion bond rework deal this week is reverberating well beyond the country’s borders, raising doubts about the very framework designed to get bankrupt nations....

The re-connection for the continuity of electricity supply will see a downward revision, Power and Energy Minister said. The government has issued instructions....

Cargills Bank Limited, the banking arm of Cargills Group, has announced plans for a listing on the Colombo Stock Exchange (CSE). An application in this regard....

Electricity consumers are likely to get some relief next year from the thrice-hiked electricity tariff with Power and Energy Ministry sharing that likely improved financial performance of the Ceylon....

Redefining the healthcare space in Sri Lanka, Hemas Hospitals is transforming patient recovery from advanced surgeries, allowing patients to return home on the same day and recover faster....

The Centre of Poverty Analysis (CEPA) is set to host an insightful symposium titled ‘Retrospect and Prospects on Poverty Alleviation in an Era of Economic Crisis’ on November 29th and 30th....

Revolutionising the healthcare industry, Sri Lanka’s leading private sector bank HNB PLC partnered with a trusted supplier of globally recognised diagnostic brands, Japlan Diagnostics....

Vision Care, Sri Lanka’s leading vision and eyewear solutions provider, has further solidified its commitment to delivering high-quality eye care services by opening its newest branch at Havelock City....

After cutting rates for the fourth time last week to spur economic growth, Central Bank Governor Dr. Nandalal Weerasinghe said he doesn’t think the higher taxes are going....

Sri Lanka and the European Union (EU) entered into a financing agreement to promote a circular economy and sustainable consumption and production in the food sector.

Defying the expectations of market participants for a pause in the rate cuts at this week’s monetary policy meeting, the Monetary Policy Board delivered another 100-basis-point rate cut yesterday, bringing the total reduction in policy rates to 650

Sri Lanka has seen foreign direct investment (FDI) projects increase by 122 percent this year so far, in comparison to 2022, the Investment Promotions Ministry said.

The offerings at the Colombo Tea Auction totalled 5.2 million kilogrammes, marginally lower from the previous week’s 5.4 million kilogrammes.

The Sectoral Oversight Committee on Alleviating the Impact of the Economic Crisis called on the Insurance Regulatory Commission to amend the laws, within a period of one month, to protect the insurance holders.

The Sri Lanka Shippers’ Council (SLSC) recently joined forces with the Sri Lanka Ports Authority (SLPA) in a strategic meeting, in an effort to make significant strides towards advancing Sri Lanka’s imports and exports.

BBC: Nissan and its partners have announced a £2 billion plan to build three electric car models at its Sunderland factory.

BBC: China is trialling visa-free travel for citizens from France, Germany, Italy, the Netherlands, Spain and Malaysia for a year, its Foreign Ministry said.

The Monetary Policy Board announced its decision to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 100 basis points (bps) to 9.00 percent and 10.00 percent.

Minister of Ports, Shipping, and Aviation, Nimal Siripala de Silva, recently inaugurated the Enquiry Centre of the Sri Lanka Ports Authority (SLPA), bolstering the capabilities of the Port of Colombo. The port serves as a crucial hub and internationa

The government officials and foreign consultants met yesterday to discuss the next phases of Sri Lanka’s electricity sector reform process, Power and Energy Minister Kanchana Wijesekera said. The Cabinet of

Sri Lanka’s premier apparel manufacturer, Brandix, was recognised for leading Sustainable Development in Exports from Sri Lanka, at the Presidential Export Awards 2023 held last night. The seven-tim

Upon receiving a certified copy of the Court of Appeal order dated November 17, 2023, Ceylon Tobacco Company PLC (CTC) yesterday issued a clarification to the Colombo Stock Exchange on the pending legal matter. Referring to a fi

Management confident of a turnaround as company looks past worst challenges

The private sector can and should be more proactive in retaining talent within the country, rather than giving up and choosing to do nothing regarding the ongoing brain drain, as stated by a top panel comprising private sector lea

BBC: The UK economy will grow much more slowly than expected in the next two years as inflation takes longer to fall, the government’s forecaster says. Living sta

Local tile manufacturers have appealed to the government to enforce anti-dumping laws within the sector, ensuring a level playing field, according to Sagala Ratnayaka, the Chief of Staff to President Ranil Wickremesinghe. The push to be covered under

In a momentous speech delivered at the 25th Presidential Awards of the Export Development Board (EDB) held yesterday in Colombo, President Ranil Wickremesinghe unveiled an extensive plan to rejuvenate Sri Lanka’s agricultural sector for export. Pr

Since independence Sri Lanka has been struggling to arrive at a developed state. We seem to be failing at it, making the same mistakes over and over again. The western institutes, which run the global financial systems and development aid, require po

Colombo International Container Terminals (CICT) has entered into a milestone collaboration agreement with the University of Moratuwa (UoM), creating a broad framework for a closer strategic alignment of academia and the logistics and engineering ind