The government defended the proposal to raise the short-term Treasury bill ceiling by Rs.1 trillion, given the prevailing high market yields on the longer-tenure Treasury bonds, due to the uncertainty prevailing over domestic debt restructuring.

Sri Lankan baker Tharshan Selvarajah came under the fresh spotlight this week, as he walked away with the first-place title at the 30th annual ‘Grand Prix de la Baguette de Traditional Francaise de la Ville De Paris’.

The Colombo Tea Auction this week saw the highest offering since January this year, which was met with fair demand, at firm to easier rates.

As Sri Lanka is witnessing a week-on-week increase in tourist arrival from China, more flights will be added in the coming months between the two countries.

Elon Musk has named a new chief executive of Twitter, just over six months after his controversial takeover of the social media company.

Strengthens board of directors with respected corporate leaders

Asserts need for necessary changes in edu. system to support country’s development agenda

Two teams from Sri Lanka, team Sipsara and The Green Tycoon, successfully qualified to the World Finals (Asia) stage at Microsoft Imagine Cup 2023, Microsoft’s global competition for students to dream and build new ways of using technology to impro

President instructs officials to amend provisions of land management ordinances and introduce new regulations Stresses that archaic land policies established during the colonial era are no longer suited to modern development needs

Calls for change in the bus regulatory model to bring in private investments

To hold EGM on June 30 to pass resolution pertaining to de-listing of its shares from CSE’s official list

CNN: The Bank of England raised interest rates by a quarter of a percentage point yesterday in its battle with inflation and said the UK economy would dodge a recession as energy prices fall.

CNBC: Emirates Group reported record profit and revenue figures yesterday for the year ending April 2023, with customer numbers booming as the majority of pandemic-induced travel restrictions were lifted.

CNN: US Treasury Secretary Janet Yellen urged Congress yesterday to raise its debt ceiling, warning that a US default would produce an “economic and financial catastrophe” that would trigger a global economic downturn and risk undermining the cou

In an effort to push Sri Lanka towards electric mobility (e-mobility) so that low-carbon solutions can be adopted, the United Nations Development Programme (UNDP) and the government yesterday launched a project to convert 500,000 Tuk-Tuks to electric

Political affairs in Sri Lanka has further intensified as President Ranil Wickremesinghe is reported to have requested Governors of the North-Western, Eastern, Sabaragamuwa and Uva Provinces to resign from their office. They are Admiral Wasantha Kara

As the rivalry between the United States and China is becoming more intense and countries are being compelled to take sides, Sri Lanka has decided it would not get tangled in the tensions, President Ranil Wickremesinghe said.

Sri Lanka’s lubricant consumption fell to a 13-year low in 2022, amid the severe forex crunch, which snowballed into a full-blown economic crisis, marked by hours-long power cuts, massive fuel shortages and runaway inflation.

Two cruise ships, MS Europa 2 and MS Azamara Quest, visited Hambantota International Port on May 9.

BBC: Prices for milk, airline tickets and new cars fell in the US last month, helping drive inflation to its lowest rate in two years.

Sri Lankan Web3 and blockchain firm HyperGlade yesterday announced that it had raised US $ 350,000 in funding from Silicon Valley investor Tim Draper’s venture capital firm Draper Associates, as a part of its seed investment round.

An International Monetary Fund (IMF) staff team would arrive in Sri Lanka today, the multilateral lender said in a statement, yesterday.

The Sri Lankan battery market is set to witness a new trend with the introduction of Riyelta high tech batteries, the first of its kind to be launched in the country.

Hutch has once again demonstrated its commitment to the country’s people during these trying economic times.

Edotco Services Lanka (Private) Limited recently inked a milestone agreement with the National ICT Solutions Provider, SLT-Mobitel to facilitate infrastructure sharing solutions through its islandwide Multipurpose Smart Street Lamp pole infrastructur

Toyota Lanka (Private) Limited recently held its 15th Annual Dealer Convention at the Shangri-La Resort & Spa - Hambantota, to recognize and honour their 300 authorized partners from all over the country who played a vital role in the distribution of

Würth Lanka recently celebrated Würth Groups’ success globally during the year 2022 and the visit of group’s Senior Vice President Asia Region Christian Olsen, with Ceylon Motor Traders Association’s (CMTA) expo.

HNB PLC renewed its partnership with the nation’s leading Heavy Commercial Vehicle supplier, Lanka Ashok Leyland PLC (LAL), to provide customers a range of exclusive benefits and special interest rates for Lanka Ashok Leyland commercial vehicles.

Empowering students to expand their knowledge in the digital world, SLT-Mobitel launched ‘MYFIRST Connection’, the first ever total communication solution to fulfil the ever-growing connectivity demands of students.

International tourism, which was severely crippled due to implications stemming from the Covid-19 pandemic, is well on its way to recovery, the latest UNWTO World Tourism barometer revealed.