BBC: Zambia’s President Hakainde Hichilema can finally breathe a sigh of relief as the outlines of a deal aimed at lifting his country out of its debt crisis have been unveiled.

As Sri Lanka is looking to firm up the debt restructuring process, President Ranil Wickremesinghe said there needs to be “some improvement” in the interaction between the committee and debtors.

CNN: The Securities and Exchange Commission fined JPMorgan Chase US $ 4 million for mistakenly deleting 47 million emails, many of which the regulator was trying to access as part of multiple probes.

The tea prices at the Colombo Tea Auction continued to experience a rollercoaster ride, in the backdrop of the instability in the currency, the tea brokers said.

The Colombo Stock Exchange (CSE) Mobile app has exceeded 300,000 downloads, with a turnover contribution of Rs.135 billion since its inception in 2020.

Sri Lanka will start bartering with Iran, starting next month, in an effort to settle the US $ 250 million owed for oil, a Reuters report shared.

Sri Lanka’s apparel sector, the largest foreign exchange earner and a key contributor to the debt-ridden economy, yesterday said it is “dismayed” by the zero revisions made to industrial electricity tariff rates by the Ceylon Electricity Board

IMM Consults, a leading immigration consultancy firm, based in Dubai, Colombo and Pune India, is thrilled to celebrate the completion of another successful year full of opportunities and achievements in the field of immigration. With a track record o

The declining trend in apparel exports from Sri Lanka amid demand slowdown in key markets extended to the month of May, as earnings from such exports fell 14.17 percent year-on-year (YoY) to US$ 383.17 million.

Sri Lanka expects to finalise the debt restructuring talks after September this year, according to President Ranil Wickremesinghe, who said the primary focus would be on rolling out long-delayed structural reforms to return to the growth trajectory i

The Colombo Stock Exchange (CSE) will conduct a planned full day of trading from the Disaster Recovery site using Automated Trading System Disaster Recovery Solution today.

Abans PLC yesterday announced the appointment of Rusi Pestonjee as the Managing Director of the company with effect from June 21, 2023.

The Free Trade Zone Manufactures’ Association (FTZMA) yesterday expressed its concerns regarding the government’s decision to abolish the paperless Simplified Value Added Tax (SVAT) scheme.

CNN: Cultivated meat, also known as lab-grown meat, has been cleared for sale in the United States.

DP Aviation is set to commence domestic services with the operation of flights to Jaffna from July 1.

The CCC-ICLP International ADR Centre (Guarantee) Limited, a joint venture initiative of the Ceylon Chamber of Commerce (CCC) and the Institute for the Development of Commercial Law and Practice (ICLP) opened its ADR Centre at the World Trade Centre,

For the first time in history, two of the world’s leading travel & tourism organisations representing the global public and private sectors have agreed to work together across a number of key objectives.

As the Sri Lankan economy is under financial stress at present and has entered into a programme with the International Monetary Fund (IMF), it is necessary to take stock of the measures that have to be taken to unlock the potential of foreign income

PGP Glass Ceylon PLC, the sole manufacturer of glass bottles for food and beverages in Sri Lanka and Heineken Lanka Limited, a wholly-owned subsidiary of Heineken N.V., recently launched the 625ml reusable bottle, incorporating screen printing techno

LankaPay, the national payment network of Sri Lanka, has embarked on a new strategic vision, aimed at reinforcing its position within the region and enhancing its contribution to the island nation.

The global digital economy is poised for significant growth and transformation in the coming years. With technology advancements and increasing connectivity, the digital economy has become a vital driver of global economic activity

A leader in Sri Lanka’s agritech field, Agrithmics (Pvt.) Ltd has rebranded its global corporate identity as Cultive8 Technologies, to facilitate its long-term expansion strategy that will see it go beyond Sri Lanka, into South Asia and South East

A new high-performance premium commercial vehicle tyre has begun rolling off the production line at CEAT Kelani Holdings, Sri Lanka’s largest manufacturer of pneumatic tyres.

For the first time in history, two of the world’s leading travel & tourism organisations representing the global public and private sectors have agreed to work together across a number of key objectives.

Given that half of the population living in poverty in Sri Lanka is not covered by social protection schemes, the World Bank stressed it is essential to have increased transparency, inclusion, adaptability and accountability mechanisms to ensure the

Sri Lanka’s country-wide consumer prices, measured by the National Consumer Price Index (NCPI), fell sharply to 22.1 percent in the 12 months to May 2023, easing from 33.6 percent in the period through April, the data released by the Census and Sta

Expolanka Holdings PLC’s fully-owned subsidiary Oki Doki, which is known for its digital transportation solutions, has expanded its footprint with the launch of its operations in Jakarta, Indonesia, early this month. The event witnesse

Sri Lanka Tourism welcomed the inaugural flight Air Seychelles from the Seychelles to Colombo yesterday, carrying 110 passengers. This fl

Ceylinco Life has distributed more than Rs.6 billion in annual bonuses, including a one-time special bonus to commemorate the company’s 35th anniversary, to 197,131 loyal policyholders. An increase of Rs.1.7 billion or a whopping 37.27 percent or o

Norfolk Foods (Pvt.) Ltd, a pioneer in the manufacture of specialised frozen foods in Sri Lanka, has firmly established its presence in India through a joint venture (JV) with Thailand’s agro-industri