Western Union delegates recently paid a visit to People’s Bank, Wellawatta branch, during their official visit to Sri Lanka. During....

PIM recently celebrated the success of the fintech implementation project by the MBA 2023 students. As part of their course...

The passage of the Central Bank of Sri Lanka Act is a significant milestone on the path to achieving good governance in the conduct of monetary policy but insulating the conduct of monetary policy from fiscal and political pressures, especially in th

The local alcohol beverage manufactures were given assurance by the government this week that their product ranges will soon be allowed on the shelves of duty free premises. Investment Promotions State Minister Dilum Amunugama assured that the neces

The overall offerings at the Colombo Tea Auction are observed to be increasing, with this week showing a further improvement, as the quantities totalled 5.3 million kilogrammes. However, the offering was met with less demand for the High and Medium

BBC: One of the world’s biggest shipping firms is to cut 3,500 more jobs due to lower freight rates and demand. AP Moller-Maersk already cut 6,500 roles earlier this year as part of “rigorous cost containment measures” but said more redundancie

INFOTEL 2023 ICT exhibition kicked off yesterday at the Bandaranaike Memorial International Conference Hall, Colombo, focusing on the theme ‘Fuelling the Digital Economy’. While putting the spotlight on key areas of the digital economy, to suppo

NN: Elon Musk declared artificial intelligence (AI) “one of the most disruptive forces in history” in a sit down conversation with British Prime Minister Rishi Sunak that dove into the dangers and opportunities of AI on Thursday, capping off the

UK Prime Minister’s Trade Envoy for Sri Lanka Lord Davies of Abersoch visited Colombo from October 31 to November 02, 2023. During the visit, Lord Davis had meetings with Central Bank Governor Dr. Nandalal Weerasinghe, Power and Energy Minister Ka

The Confederation of Indian Industry (CII) delegation, accompanying Finance Minister of India Smt. Nirmala Sitharaman, visited the Board of Investment (BOI) on Thursday, to discuss investment opportunities and understand the current investment climat

Sri Lanka’s total volume of digital retail payments can potentially reach up to Rs 77.2 trillion by 2027, 128 percent more than the 2022 level, analysis from Robocash Sri Lanka has revealed.

The escalating cost of operations in the country is making Sri Lanka an unappealing destination for doing business, where now convincing investors to look at the island nation is a fresh challenge, the minister in charge of investment promotions said

Sri Lanka has not met its monthly tourist arrivals targets for three consecutive months, with October falling short as well, the data released by the tourism authority showed.

President Ranil Wickremesinghe has expressed his commitment to prioritising proposals from the private sector in the 2024 budget and conducting separate examinations of related areas.

Overseas Realty Ceylon PLC has announced the appointment of Dr. Arittha Wikramanayake, Attorney-at-Law, LL.M. (Brussels), LL.M. (Georgia), M.A.L.D. (Fletcher), as an Independent Director to its board of directors. Dr. Wikramanayake is Precedent Partn

Due to many events in the past, such as the Easter Sunday bomb blasts, lasting impacts of the Covid-19 pandemic and unprecedented economic crisis that crippled Sri Lanka, the construction industry suffered repeated contraction

Prime Group, the real estate giant, is proud to introduce an exceptional investment opportunity that promises luxury living, modern amenities with an unbelievable payment plan. The groundbreaking venture is the company’s latest 27-story luxury deve

In a significant stride towards fostering transparency and informed decision-making within South Asia’s real estate landscape, the Research Intelligence Unit (RIUNIT) unveiled a series of reports during the eighth Islamic Finance Forum of South Asi

SLT-Mobitel, has signed an agreement with Golden Tower (Pvt.) Ltd to provide comprehensive ICT solutions with SLT-Mobitel Fibre co

After a five-year pause, India and Sri Lanka have resumed discussions on the Economic and Technology Cooperation Agreement (ETCA). The twelfth round o

Indian Finance Minister Nirmala Sitharaman, who is currently on a visit Sri Lanka, is expected to inaugurate two new branches of the State Bank of India (SBI) in Trincomalee and Jaffna today (Nov.3). SBI is a public se

Fitch Ratings has assigned Commercial Bank of Ceylon PLC’s (COMB, A(lka)/Stable) proposed rupee-denominated Basel III-compliant subordinated debentures of up to Rs.12 billion a final National Long-Term Rating of ‘BBB+(lka)’.

Colombo-based equity brokerage and investment bank CT CLSA says the Value-Added Tax (VAT) increase slated to come into effect from January 1, 2024, is likely to dampen consumer spending in the near term.

The economic crisis in Sri Lanka may seem to have mellowed from what it was when it erupted in 2022 but the island nation still stands on a knife edge and there’s simply no room for setting off policy reversals, asserted a top economist, yesterday.

In an effort to tackle the brain drain issue faced by the tourism sector, the Sri Lanka Institute of Tourism and Hotel Management (SLITHM) has initiated rolling out short-term training programmes, where it will be mandatory for the students to serve

REUTERS: Sri Lanka has invited bids for state-run carrier SriLankan Airlines as the island nation looks to reduce losses incurred by government-owned enterprises under a US $ 2.9 billion International Monetary Fund (IMF) programme. The South Asian co

Indian Finance Minister Nirmala Sitharaman, who is currently on a visit to Sri Lanka, is expected to inaugurate two new branches of the State Bank of India (SBI) in Trincomalee and Jaffna, tomorrow. SBI is a public sector bank and is the largest in I

After a five-year pause, India and Sri Lanka have resumed discussions on the Economic and Technology Cooperation Agreement (ETCA). The 12th round of negotiations for the agreement took place in Colombo this week, Indian media reports said. After 11

A new International Labour Organisation (ILO) report has revealed that an overwhelming majority of micro, small and medium-sized enterprises (MSMEs) did not receive support from institutions dedicated to supporting MSME development during the pandemi

Top textile maker Teejay Lanka PLC has achieved a remarkable recovery from its first quarter losses to post strong top and bottom line figures for the second quarter of 2023-24. Sri Lanka’s first multinational textile manufacturer has reported prof