Having weathered a challenging period marked by a deep economic crisis, Sri Lanka is now demonstrating positive signs ....

Sri Lanka’s export performance continues to remain overshadowed by declining apparel exports, with merchandise export income in September plummeting by 12 percent year-on-year (YoY) to US$ 951.5 million, marking the first time it has fallen below t

The Cabinet of Ministers has granted approval for a proposal presented by Minister of Power and Energy Kanchana Wijesekera....

The Inland Revenue Department (IRD) this week announced a programme to refund advance income tax that has been deducted ...

The Cabinet of Ministers this week approved an amendment to the Shop and Office Employees (Regulation of Employment....

Norway’s sovereign wealth fund saw a negative return of 2.2 percent in the third quarter, the country’s central bank said yesterday....

Enterprise Analytics (EA), a leading Sri Lankan IFS and Acumatica partner with offices across the globe, has been chosen by Access....

SLT-Mobitel, Sri Lanka’s national ICT solutions provider, is taking a historic leap into the global entertainment landscape by introducing HitFlix....

Dialog Enterprise, the corporate ICT solution arm of Dialog Axiata PLC, bagged the Emerging Partner award from CrowdStrike, a leading....

Oppo Sri Lanka in partnership with Abans unveils the latest addition to the A series family of smartphones, the Oppo A78 ...

Indices closed in red as a result of price losses in counters such as Sampath Bank, Commercial Bank and National Development Bank....

The government said yesterday the Asian Development Bank (ADB) has agreed to provide US$ 100 million in funding to launch a project to support Sri Lanka’s small and medium-sized enterprises (SMEs).

The import duty of Rs. 5,000 charged for one kilo of imported beedi leaves has been reduced to Rs. 250, Finance State Minister Ranjith Siyambalapitiya said.

Sri Lanka’s national inflation rose 0.8 percent in September on a year-on-year basis (YoY), decelerating from 2.1 percent in August, as food prices declined and non-food prices rose at a slower pace.

Sri Lanka’s first multinational textile manufacturer Teejay Lanka PLC has expanded its collaboration with academia by entering into a partnership with the University of Sri Jayawardenepura (USJ), the country’s second oldest university. A five-ye

Vaxxinova International BV, a global leader in the manufacturing of animal vaccine products, has appointed Dymec Ceylon Pvt Ltd, a prominent player in the veterinary pharmaceutical industry in Sri Lanka, as its exclusive distributor for marketing and

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) once again empowered the corporate world by ushering in 343 new Chartered Accountants, who will chart the course of the ever-evolving corporate landscape, armed with their versatile a

While the devastating impact of last year’s economic crisis continues to reverberate across the nation, a triple planetary crisis – climate change, pollution and biodiversity loss – looms larger still over Sri Lanka. From the establishment of H

Sri Lanka’s proposed power sector reforms may reach the Cabinet of Ministers by next week, as the Attorney General is expected to clear the bill to restructure the Ceylon Electricity Board (CEB) this week, Power and Energy Minister Kanchana Wijesek

Lanka Ventures PLC, a prominent Sri Lankan investment firm, has announced a strategic investment in Jendo Innovations, a cutting-edge biomedical engineering start-up based in Sri Lanka. Jendo Innovations has pioneered a revolutionary medical device

AFP: The United States unveiled yesterday a list of 31 tech hubs that it will create as part of the vast investment scheme that President Joe Biden hopes will help him win reelection. Commerce Secretary Gina Raimondo said these centers will create jo

The Export Development Board (EDB) yesterday announced it has initiated the process of revitalising its existing National Export Strategy 2018-2022, to assist in the country’s journey towards economic advancement. Spearheaded by the EDB, the effor

Alipay+ recently signed an MoU with Sri Lanka’s national payment network LankaPay towards enhancing inbound and outbound travel experience through cross-border digital payments, enabling users of Alipay+ payment partners to make payments seamlessly

President Ranil Wickremesinghe and Transport and Highways Minister Bandula Gunawardana during their visit to Beijing engaged in discussions with top executives from China’s BYD Company...

China has unveiled plans to restrict exports of graphite — a mineral crucial to the manufacture of batteries for electric vehicles (EVs) — on national security grounds, the Ministry of Commerce...

The International Monetary Fund (IMF) expects a property and inheritance tax that is currently in the planning will be a key source of additional revenue for the government in the year...

Sri Lanka plans to utilise the International Monetary Fund’s (IMF) second tranche of the Extended Fund Facility (EFF) for settling arrears owed to multilateral creditors and accelerating....

Fitch Ratings has affirmed Sri Lanka-based Lion Brewery (Ceylon) PLC’s National Long Term Rating at ‘AAA(lka)’. The Outlook is Stable. The affirmation....

Sri Lanka’s premier business chamber, Ceylon Chamber of Commerce wants Sri Lankan citizens to take ownership of the reform agenda currently underway with the support of the International Monetary....

Sri Lanka’s debt restructuring process is expected to progress more smoothly as China has affirmed its commitment to collaborating with other creditors to assist the island nation in navigating....