Global Times: An executive at China Merchants Port Holdings (CMPort) told the Global Times on Wednesday that the company is optimistic about the new port complex project at Sri Lanka’s Colombo Port. Construction of the logistics hub, which will hav

The terms of trade deteriorated by 0.4 percent in July 2023, compared to July 2022, as the decline in the prices of exports surpassed the decline in the prices of imports. Meanwhile, the workers’ remittances increased notably to US $ 541 million i

Debt and lack of education and ability to adapt to disasters are factors that make most people feel vulnerable, says a new report released by the United Nations Development Programme (UNDP) and University of Oxford’s Poverty and Human Development I

The Monetary Board of the Central Banetary Board has decided to cancel the licence issued to Bimputh Finance PLC (BFP)under the Finance Business Act to carry on finance business, with effect from September 1, 2023.

As Sri Lanka strives to get its ducks in a row to meet the targets set by the International Monetary Fund (IMF) for the upcoming review in September, sovereign debt restructuring veteran Lee. C. Buchheit said the authorities could consider debt for n

Construction work to begin before end of this year

Sri Lanka has launched a ‘Capital Market Club’ programme at the school level to enhance financial literacy among the country’s students. Preside

Sinopec Lanka, a subsidiary of China Petroleum & Chemical Corporation (Sinopec), has officially commenced business operati

AFP: India’s Adani Group hit back yesterday at a new report investigating alleged manipulation of the conglomerate’s share prices, accusing its authors of conspiring to drive down its stocks for profit. The globe-spanning ports-to-power conglomer

AFP: China’s Baidu has rolled out its ChatGPT rival ERNIE Bot to the public, in a major leap for the country’s tech sector as it aims to cash in on the artificial intelligence gold rush. The Chinese g

Inflation in Colombo has continued its decline through August compared to the previous year, providing much-needed relief to both individuals and businesses. However, the persistent high cost of living is still straining household budgets, as incomes

While Sri Lanka’s construction sector experienced a contraction in activities during July, the industry maintains a positive outlo

Sri Lanka tourism reached a new milestone on Wednesday with over 900,000 international visitors having visited the island nation.

Amidst the ongoing economic difficulties in Europe, JFS Holdings Ltd said it has achieved a remarkable feat by recording its highest ever net US dollar income for the fiscal year 2022/23. Despite the recessio

SLT-MOBITEL, the national ICT solutions provider, has secured five top honours at National Project Management Excellence (N

Two-week pilot programme supports university students with disabilities to gain corporate experience

Informatics International Limited (IIL), a leader in IT software, infrastructure solutions and services, recently announced the res

Redington, a leading technology solutions provider, recently announced that it has been appointed as Adobe’s exclusive distribution and market development partner across key markets in South Asia, including Sri Lanka, the Maldives, Bangla

TikTok has launched an exciting campaign in Sri Lanka to amplify awareness and comprehension of its Community Guidelines. Central to this init

Commercial Bank of Ceylon has announced another initiative under its Green lending portfolio to support customers who share the bank’s commitment towards the environment. Green Home L

People’s Bank’s Annual Report 2022, titled Creating a Legacy of Caring for Generations to Come, won five awards at the recently held International ARC Awards 2023. With a history spanning over 30 years and an annual application pool of over 1,60

National Development Bank (NDB) partnered with the International Finance Corporation (IFC) to conduct a series of workshops and

Among the great challenges posed to democracy today is the use of technology, data and automated systems in ways that threaten the rights of the public. Unchecked social media data collection has been used to threaten people’s opportunities, underm

Inflation in the Colombo district as measured by the Colombo Consumer Price Index (CCPI) decelerated to 4 percent in August on year-on-year (YoY) basis, from 6.3 percent in July, the Department of Census and Statistics said.

Häfele, a renowned global leader in interior solutions with a legacy spanning over a century, inaugurated its state-of-the-art Design Centre in Kandy, marking a significant milestone in its commitment to delivering unparalleled interior innovations

Vonlan Constructions Private Limited, a leading company in the construction industry in Sri Lanka, was honoured with the Excellence Award in the 150-450 million project category at the National Construction Excellence Awards. The award ceremony was

Samson Rajarata Tiles, Sri Lanka’s number 1 natural roofing and flooring tiles, celebrates a remarkable journey of two decades in operation inclusive of innovation, quality, and sustainability. Samson Rajarata Tiles is a fully owned subsidiary of

Catering to the increasing demand for urban living, HNB PLC, renewed its long standing partnership with property developer and real estate leader Homelands Skyline, to offer prospective homeowners a range of advantages and preferential rates. Custom

On 28 August this year, the Edith Cowan University Sri Lanka (with its local partner ACBT), opened its doors to the public unveiling seven floors of modern, elegant and functional interiors, carefully planned and designed to bring out the best in tho

Rohana Construction, a leading company in the construction industry in Sri Lanka, was honoured with the Excellence Award in the Rs. 20-40 million project category at the National Construction Excellence Awards. The award ceremony was held at the Con