Sri Lanka recorded 143, 039 tourist arrivals for July, the highest monthly arrivals recorded so far this year, the data released by Sri Lanka Tourism Development Authority said.

In an effort to bring fresh focus to Sri Lanka’s mineral resource industry, stakeholders of the sector today launched the Chamber of Mineral Exporters (CME) as a collaborative initiative.

Sri Lanka’s trade deficit expanded for the second consecutive month in June on a Year-on-Year YoY basis with imports rising for the second straight month while exports continued to be on a declining trend. The deficit in the trade account expanded

Kicking off the banking sector earnings, Union Bank of Colombo PLC reported notably better performance in the June quarter (2Q23) on the back of substantially lower impairments made against loans along with stringent recovery measures. The bank repo

As Sri Lanka is in dire need to expand its export basket and the markets, the Export Development Board (EDB) is in the midst of formulating a five-year strategic plan. EDB, which celebrated its 44th year in operation yesterday (August 1), said a stra

Chevron Lubricant Lanka PLC, the market leader in Sri Lanka’s lubricant market, saw its earnings declining in the three months to June 20, 2023 (2Q23) amid contraction in the top line and margin deterioration. The company reported earnings of Rs.3.

By Shabiya Ali Ahlam The re-introduction of the Minimum Room Rates (MRR) which was to come into effect yesterday (August 1) will be delayed as industry stakeholders have yet to reach a consensus, Mirror Business learns. Tourism Minister’s decision

Sri Lanka’s real interest rates, which have long been negative, are poised to turn positive with the more noticeable decline in inflation than the decline in interest rates in response to the recent policy rate cuts and the absence of risk premia f

In line with the government’s policy to focus on private sector-driven growth towards a strong export-oriented economy, a high-powered five-member committee comprising of well-known corporate leaders have been appointed to draft a new investment po

Further accelerating digital transformation capabilities across the organisation, Sri Lanka’s leading diversified agribusiness company Watawala Plantations announced that the company has implemented the SAP Business One HANA Enterprise Resource Pla

Intex, the highly anticipated international textile sourcing show, is back in Sri Lanka and scheduled to take place from August 09-11, 2023, at the Bandaranaike Memorial International Conference Hall (BMICH), Colombo. Since 2015, Intex has been facil

Amana Bank in partnership with Hayleys Agriculture Holdings Ltd, a renowned leader in agricultural innovation and sustainability, has introduced exclusive agri-machinery financing solutions to meet the diverse needs of farmers and rice millers in Sri

Hayleys Agriculture Holdings Limited proudly unveiled its latest agricultural harvesting technology – the Kubota DC-93G combine harvester. Recently, the company celebrated a significant milestone as it handed over the first machine to a proud cust

The first publication of the recently concluded migrant worker research study entitled ‘Skills, Aspirations and Reintegration Challenges of Returned Migrant Workers: Evidence from Selected Districts in Sri Lanka’ was presented to Labour and Forei

In a momentous occasion, the Agrarian Development Department, Sri Lanka Agripreneurs’ Forum (SLAF) and AgroWorld (Pvt.) Ltd joined hands to sign a memorandum of understanding (MoU) aimed at revolutionising the agricultural sector in the country. T

Hutch, the pioneering telecom operator in Sri Lanka, remains steadfast in its commitment to supporting its workforce amid the prevailing economic challenges. In line with its comprehensive range of initiatives, Hutch has introduced a highly commenda

The Central Bank of Sri Lanka published its inaugural Monetary Policy Report (MPR) this week. The publication of the Monetary Policy Report marks an important step towards improving the transparency of monetary policy and is expected to promote engag

Hayleys Agriculture’s continued dominance in tractor registrations for the second continuous month reinforces its reputation as the go-to choose for farmers seeking reliable and high-quality agricultural machinery solutions. Solidifying its positi

Elephant House, Sri Lanka’s most beloved food and beverage brand, is delighted to announce its prestigious partnership with Lanka Premier League 2023, Sri Lanka’s biggest T20 Premier League.

HNB PLC renewed its partnership with local automobile giant Indra Traders, to offer customers an unmatched range of benefits anchored to low interest rates. Under the agreement, customers will receive the most affordable leasing options, personalize

Akvora International Pvt. Ltd has been appointed as the distributor for Giti tyres in Sri Lanka and recently announced the launch of this world-class tyre brand for the Sri Lankan market. Giti tyre is ranked among the top 10 most valuable tyre brand

Uber, the leading platform for movement of people and things, recently announced a partnership with the Sri Lanka Ministry of Transport to promote road safety in the country. Thousand driver partners across Uber Rides and Uber Eats in Sri Lanka will

After two years of being hosted virtually, the 32nd Annual General Meeting of the Classic Car Club of Ceylon took place on 22nd of June at the Kingsbury Hotel. The event was well attended, with the members enjoying the camaraderie the club is well kn

Link Natural, recently unveiled its latest product offering - ‘Crampgard Plus’, the specialist herbal cream for both prevention as well as for relief from muscle cramps and the associated excruciating pain in those suffering from it. Link Natural

Nawaloka Hospitals has further extended its exceptional expertise in providing personalised healthcare packages that cater to the entire family. “At Nawaloka, we are proud to say that a family physician is nothing less than a family member of the

Ninewells Hospital, the leader in women and child care in Sri Lanka’s private healthcare sector has announced the grand opening of ‘Ninewells Labs & Meds’, its laboratory and pharmacy in Castle Street. With this new facility, located at 164, C

Leading renewable energy developer WindForce PLC recently commissioned Hiruras Power (Pvt) Ltd wind power project in Mannar. With WindForce holding 100 percent stake and a combined capacity of 15 MW, commissioning of Hiruras Power cements WindForce

AFP: Crisis-hit Lebanon’s central bank chief Riad Salameh, who is wanted for alleged financial crimes in several European countries, was to leave his post Monday with no designated successor in place. Lebanon’s deeply divided political class has

AFP: Japan pressed bankrupt Sri Lanka on Saturday to expedite its debt restructuring, including with its biggest creditor China, to stabilise the island nation’s economy after an unprecedented crisis. Japan’s Foreign Minister Yoshimasa Hayashi we

A media communique from the President’s Media Division (PMD) yesterday said Sri Lanka and Japan agreed to restart the stalled development projects after Sri Lanka’s debt restructuring process is completed. Fujimaru Satoshi Minister of State in th