BBC: The International Monetary Fund (IMF) increased its forecast of how much the global economy will grow this year to 3 percent. The 0.2 percent improvement from April’s forecast was partly driven by increased post-pandemic travel.

During a recent press conference, Samagi Jana Balawegaya MP Harsha de Silva addressed the critical issues hindering Sri Lanka’s economic progress and outlined a vision for sustainable growth through a social market economy model. The press confere

The Sri Lanka Transport Board (SLTB) will launch a pilot project adding 50 electric buses to create an efficient and quality transport service, Transport State Minister Lasantha Alagiyawanna said. He said that the approval of the Cabinet has already

The negotiations for the proposed China-Sri Lanka Free Trade Agreement (FTA) are expected to resume within the next one to two months after a six-year hiatus. “We are waiting for official communication from China on dates for the next round of FTA

The Hambantota International Port (HIP) has increased its bunker supplies nearly six times the 2022 volumes in the current year. As of June 2023, the port has completed over 500,000 metric tonnes of oil and gas throughput, successfully achieving th

REUTERS: India’s Jio Financial Services, part of billionaire Mukesh Ambani led Reliance Group and U.S.-based BlackRock Inc will form a 50:50 joint venture to launch asset management services in India. The two companies are targeting an initial inve

A top delegation of Chinese investors, who completed a visit to Sri Lanka recently, said investment potential in the country remains ‘very high’, like in China during the 1980s and most of them would return with concrete ideas for investing in m

The yields at yesterday’s Treasury bill auction eased across maturities and the Public Debt Department (PDD) of the Central Bank raised over Rs.155 billion, selling bills. The three-month bill yields fell three basis points from the previous auctio

The government on Monday announced easing of certain restrictions hitherto slapped on outward remittances since April 2020, amid improvements seen in the country’s domestic foreign exchange market.

Premier blue-chip company John Keells Holdings PLC reported modest top and bottom-line performance for the Krishan Balendra three months to June....

Tourist arrivals to Sri Lanka in the first 23 days of July topped the 100, 000 mark, the data released by Sri Lanka Tourism Development Authority showed.

Ambassador of Japan to Sri Lanka, Mizukoshi Hideaki recently emphasised the importance of Sri Lanka completing the International Monetary Fund (IMF) reforms and finalising debt restructuring negotiations for the economic recovery of the country.

The Cabinet nod has been granted to appoint an expert committee to study possible ways to restructure the Department of Sri Lanka Railways. Minister of Transport...

The Cabinet greenlight has been granted to enter into a loan agreement with the World Bank (WB) to secure US$ 200 million loan for the proposed social security project, which includes funding for ‘Aswesuma’....

The negotiations on the proposed Sri Lanka – Thailand Free Trade Agreement (SLTFTA) are on track for completion in February, next year. President Ranil Wickremesinghe...

UK-based global renewable energy developer Hive Energy yesterday raised the alarm over the imitation and misappropriation of Hive Energy’s corporate branding and logo in an effort to deceive individuals....

Sri Lanka Association of Software and Service Companies (SLASSCOM) recently welcomed Jehan Perinpanayagam as its new Chairman for the year 2023/2024. With a career spanning 26 years....

99x, a leading product engineering company, has announced significant additions and changes to its management team as part of its dynamic ‘Resetting and Rebuilding’ theme for the year 2023, targeting...

The Commercial Bank of Ceylon has been ranked as the strongest bank brand in Sri Lanka for the fourth consecutive year and the second strongest brand in the country overall by Brand Finance, the world’s...

Lassana Innovations, a subsidiary of Lassana.com (Pvt.) Ltd, marked a major milestone recently with the grand opening of the Treats of Ceylon shop at Bandaranaike International Airport (BIA). The Treats....

Centrum Marine Consultancy, the emerging leader in the provision of marine HR solutions in Sri Lanka, has entered its latest phase of rapid growth by unveiling its new headquarters ‘446 Centrum Haus’,...

The Women’s Chamber of Industry and Commerce (WCIC) is excited to announce the launch of a new project aimed at combating gender-based violence and harassment (GBVH) in the workplace. Building....

The National Packaging Centre has been reactivated to support the growth of the local manufacturing industry in Sri Lanka. The reopening ceremony...

The ASPI closed in red as a result of price losses in counters such as Lanka IOC, Commercial Bank, and Melstacorp with the turnover crossing Rs. 2.5 bn. Similar behavior...

Fitch Ratings yesterday said the government’s debt restructuring plan is likely to reduce investment and liquidity risks for domestic insurers, as the proposed plan would not have a direct impact on the local currency government debt holdings of in

The Export Development Board (EDB) yesterday said Sri Lanka’s gem and jewellery sector is under serious threat, due to a surge in foreign traders’ involvement in key gem markets without the required licences, threatening the sector’s integrity

Based on the Central Bank data, Verité Research yesterday pointed out that Sri Lanka’s interest payments had reached their highest levels in 2022.

Brandix Apparel Group Head of Corporate Social Responsibility Malika Samaraweera discusses the impacts of internal and external community engagement by Sri Lanka’s premier apparel solutions provider.

Providing the highest quality of fresh produce at affordable prices to customers has been a priority for Keells. Thus, the journey commenced three decades ago, when Keells started collaborating directly with farmers, setting up collection centres to

The annual Pinnacle Awards of Ceylon Tobacco Company PLC (CTC) was held recently to celebrate its high-performing commercial team members. The coveted award of the night, Trade Marketing Executive of the Year 2022, was clinched by Amindha Perera for