The Cabinet nod has been granted to amend the Tea, Rubber and Coconut Estate (Control of Fragmentation) Act in order to restrict fragmentation of coconut lands above one acre. Minister of Plantation Industries Ramesh Pathirana on Monday sought the ap

In a bid to bring in much needed fiscal discipline, the Government will introduce a new Public Financial Management Act (FMA) equipped with binding fiscal rules, which is set to come into effect with the budget 2025.

Technology State Minister Kanaka Herath revealed plans to introduce a new act shortly while speaking to the media after joining an observation tour of Vega Innovation Company, located in Maradana Trace Complex.

The first week of May recorded the lowest weekly tourist arrivals since January 2023 with only 18,401 international visitors having entered destination Sri Lanka.

India has extended a US$ 1 billion credit line for Sri Lanka by one year, a Reuters news report said quoting a Finance Ministry official. India has....

The Treasury Secretary yesterday gave an undertaking before the Supreme Court that the government owned shares of Sri Lanka Telecom....

Administrative penalties worth Rs.5.5 have been imposed by the Financial Intelligence Unit (FIU) on six Sri Lankan banks for non-compliance...

Lufthansa Technik AG, a subsidiary of Germany’s Lufthansa Group, has secured a contract to repair three CFM Leap-1A category aircraft....

Sri Lanka’s apparel export earnings could slump by US$1 billion this year as a result of demand slowdown in key export markets....

The ASPI closed in red as a result of price losses in counters such as Hatton National Bank, Vallibel One and Tokyo Cement Company....

Huawei announced that it has replaced the legacy ERP system with its MetaERP system over which it has full control. Huawei recently....

The Sri Lanka Retailer’s Association (SLRA) held its sixth Annual General Meeting (AGM) in Colombo recently, at Hilton Residencies. The event....

The Chartered Institute of Personnel Management (CIPM) Sri Lanka has announced National HR Conference 2023 to be conducted...

Sri Lanka Survey Report on Board IT Governance – 2022, jointly carried out by the Sri Lanka Institute of Directors (SLID) and EY Sri Lanka....

Samsung, Sri Lanka’s No. 1 smartphone brand, reiterates that its partners Softlogic, John Keells Automation, Singer, Singhagiri, Damro....

Microsoft Sri Lanka recently concluded a customer event on technology for managing hybrid workforces. The event showcased....

The Cabinet green-light has been granted to borrow US$ 200 million from World Bank (WB) under the proposed social security project, which aims to establish a sustainable social protection system with a mechanism in place to provide direct cash transf

Sri Lanka plans to formally apply for Geographical Indication (GI) for Ceylon Tea from the European Union (EU) this September, with intentions to replicate the same move in other key markets of Ceylon Tea subsequently.

Sri Lanka’s apparel export earnings could slump by US $ 1 billion this year as a result of the demand slowdown in key export markets amid rising inflation and higher interest rates, a Reuters news report said quoting a top official of the Joint App

The Ceylon Chamber of Commerce yesterday announced the appointment of Buwanekabahu Perera as its new Secretary General/Chief Executive Officer, effective May 8, 2023.

FitsAir, Sri Lanka’s first privately owned international airline, yesterday said it had reached an important milestone by flying more than 50,000 passengers to and from Bandaranayake International Airport since its launch just six months ago.

Following the acquisition of James Finlay Kenya Limited (JFK), Browns Investments PLC is set to get the control of over 27,000 acres of tea planation, along with timber reserves in Kenya, the world’s largest black tea exporter.

BBC: US Treasury Secretary Janet Yellen has warned a failure to raise the US’ debt ceiling could have dire consequences.

Sri Lankans are leaning towards stronger disagreement regarding equality of opportunity, the findings of the latest Sri Lanka Barometer revealed, indicating that more needs to be done to address the causes of conflict and discrimination since the end

Capital market regulator, the Securities Exchange Commission (SEC), has issued a directive suspending former Taprobane Securities (Pvt.) Ltd CEO Dinal Wijemanne from functioning as a key management person and taking part in any activities involving c

The rubber sector woes persisted in the month of April, with the industry continuing to deal with low yields.

D. Soosaipillai and B.K. Prabath Chandrakeerthi were appointed as Independent Non-Executive Directors of the HDFC Bank of Sri Lanka, with effect from 12th April 2023. Soosaipillai was also appointed Chairman of the Board.

Sarvodaya Development Finance (SDF) was Sri Lanka’s first development finance company and continues to remain a market leader in the space. Despite facing several challenges and an adverse economic environment, SDF managed to achieve strong financi

This year, INSEE Ecocycle celebrates two decades in its mission to become Sri Lanka’s foremost sustainable waste management and environmental services provider, towards a cleaner and greener Sri Lanka.

With cash gifting reaching a peak at the ‘Avurudu’ season, the Commercial Bank of Ceylon has launched a promotion to encourage children to save the cash they receive in the bank’s popular savings schemes for minors.