Sri Lanka yesterday entered into an agreement with the Korea Institute for Advancement of Technology (KIAT) to develop the country’s first floating solar development project.

The Central Bank yesterday cautioned the public against getting tangled in pyramid schemes, pointing out such activities are punishable by law.

In groundbreaking industry news, Noyon Lanka (Pvt.) Ltd, a subsidiary of MAS Holdings and Desseilles Calais, a subsidiary of the Calais Dentelles holding company, announced the sale of Noyon Calais’ intellectual property (IP) rights and other intan

Sri Lanka’s trade deficit continued to narrow in April, as the decline in imports outpaced the decline in exports, the external sector data released by the Central Bank showed.

Citrus Leisure PLC yesterday said it entered into a management agreement with Colombo Lotus Tower Management Company (Private) Limited to engage in the management of certain spaces in the Colombo Lotus Tower.

The Sri Lanka Export Development Board (EDB) has announced the upcoming ‘EDB Open Day’ event - a one-day programme – which will take place on June 15th, from 9.30 a.m. to 4.30 p.m. at the EDB office in Navam Mawatha, Colombo 2.

The keynote speaker, Bingumal Thewarathanthri, the CEO of Standard Chartered Bank, Sri Lanka, delivered an inspiring keynote address focusing on the People First Culture emphasizing on the role of HR in Business particularly at a time when Sri Lanka

The answer in my view, is both-yes and no. This is because, due to strict monetary and fiscal policies adopted since April 2022, the inflationary tendencies are now somewhat controlled, but real economic activities and the GDP growth are decreasing.

Agalawatte Plantations PLC (APL) has reported impressive revenue and profit growth in the first quarter of 2023, consolidating on the remarkable turnaround achieved subsequent to the acquisition of a majority stake in the company by the Damro Group.

Sri Lanka’s largest marketing communications group, The MullenLowe Group (MLG) is launching LoweMedia today.

The ATG Group of Companies, one of the distinguished glove manufacturing companies in the world, has been awarded the ISO 14064-1:2018, the ISO-accredited GHG Carbon Footprint Verification.

Forrester, a globally renowned research and advisory firm, awarded Dialog Axiata PLC with the Customer-obsessed Enterprise Award for the Asia Pacific Region, recognising its dedication to customer-centricity for business growth, customer retention, a

Informatics International Limited (IIL) yesterday announced the appointment of Shiraz Lye as the organization’s Chief Executive Officer (CEO). This strategic move will bolster IIL’s leadership team, augmenting its capabilities to expedite growth

Nature’s Beauty Creations Ltd., manufacturer of Nature’s Secrets, Panda Baby, Misumi and Champion personal care brands, was recently honoured with the highest Environment Award – Gold, under the personal care and pharmaceutical category, at the

The Monetary Board of the Central Bank relaxes policy interest rates by 250 basis points. Accordingly, SDFR comes down to 13 percent and SLFR to 14 percent.

Headline inflation in Colombo district measured by Colombo Consumer Price Index (CCPI) decelerated to 25.2 percent in May from 35.3 percent in April largely owing to higher base effects in last year.

The Export Development Board (EDB) will host an ‘Open Day’ event in mid-June, an effort towards providing businesses a platform to explore the opportunities and avenues to cater to the international market.

State Minister of Finance Shehan Semasinghe welcomed Asian Development Bank’s approval of US$ 350 million loan to Sri Lanka for the stabilisation of the economy.

The government is likely to raise the domestic debt ceiling for this year in the coming months in order to raise the required funds via selling government securities to rehabilitate and maintain the country’s critical road infrastructure that is in

Analysts are placing equal bets between the Central Bank maintaining the current policy rates and cutting rates at the monetary policy review announcement scheduled for tomorrow.

People’s Bank reported total consolidated operating income and pre-tax profit amounting to Rs.24.0 billion and Rs.7.2 billion, respectively for the quarter ended March 31, 2023 (1Q23) compared to Rs.42.6 billion and Rs.11 billion in the correspondi

The 45th Asian Summit on Remote Sensing, the premier international forum on sensing technologies for environmental monitoring, is to be held in Colombo next year.

Sri Lanka will prioritise in importing essential medicines from the remainder of the US$ 1 billion credit line from India, which extended by a year up to March 2024.

Prabath J. Malavige, a senior port management and logistics professional has been promoted to the position of Managing Director at the Sri Lanka Ports Authority.

Sri Lanka’s Palm Oil Industry Association (POIA) and the Asian Palm Oil Alliance (APOA) yesterday called on the government to reconsider the ban on oil palm cultivation and allow its expansion so that the island nation can reap the economic benefit

Havelock City Mall, the newest and most vibrant retail destination in Sri Lanka, is set to open its doors in August 2023.

Home Lands Skyline, known for its groundbreaking solutions provided to the real estate arena of Sri Lanka, yet again has embarked on a next generation resort apartment project, Greendale Resort Apartments, in between Malabe and Athurugiriya.

Build SL Housing and Construction International Expo 2023, the annual exhibition showcasing products and services in the housing and construction sector, held for the 18th consecutive occasion, inaugurated by the Japanese Ambassador in Sri Lanka Kota

The credit card holders of Commercial Bank of Ceylon can now automate paying their monthly bills of Sri Lanka Telecom (SLT) and Lanka Electricity Company (LECO) and enjoy uninterrupted services, following the addition of these two utility companies t