Sri Lanka Savings Bank said that it demonstrated resilience and agility in a challenging year amidst an unprecedented economic...

An employee packs fire crackers into boxes at a factory in Katunayake, 40 km away from the capital city Colombo. April is one of the high seasons....

Transshipment container volumes at the Port of Colombo declined in the first two months of 2023 amid looming global recession. In the two-month...

The jobs boom in the US slowed last month, but the unemployment rate remained low, as the world’s largest economy remained resilient....

Dr.Niroshan J. Pieries has been appointed as Cluster Director/CEO of Laugfs Gas. With over 20 years...

The Chamber of Young Lankan Entrepreneurs (COYLE) believes that the rupee could come under pressure if restrictions imposed on certain...

Earnings from tourism almost touched the US $ 200 million mark in the month of March, while such earnings for the first quarter topped US $ 500 million.

The global economy is set to grow at roughly 3 percent over the next five years - the slowest pace since 1990, the head of the International Monetary Fund (IMF) has said.

Robert Bosch Lanka Private Limited has unveiled its new corporate office in Colombo, showcasing the company’s commitment to further strengthen its foothold in Sri Lanka.

In the late 1990s, global retail giant and Britain’s largest retail chain Tesco sought to establish its apparel sourcing for its own apparel brand from Sri Lanka. Formally setting up the Sri Lankan sourcing office in 2001, the company started worki

The Sri Lanka India Society (SLIS) commemorated the 75th independence day of Sri Lanka along with the 74th republic day of India, at an elegant sit down dinner in the presence of a large gathering of members and guests.

Sri Lanka’s national carrier has been struggling against even more headwinds than many of its rivals. Airlines around the world have been buffeted by the impact of countries closing their borders during the pandemic and soaring fuel prices due to t

Tesla cut prices in the United States between 2 percent and nearly 6 percent, its website showed on Thursday, as the company extends a discount drive on its electric vehicles that analysts caution could hurt profitability.

In an exciting and highly positive development for Sri Lanka’s rebounding tourism industry, Hunas Holdings PLC – the company that owns the legendary, multigenerational favourite, Hunas Falls Hotel – has announced a landmark partnership with Azo

Continuing to support the agricultural sector despite the challenges faced at present, HNB PLC partnered with Lanka Commercial Trading Pvt. Ltd. (LCT) to offer farmers convenient leasing solutions and exclusive benefits on Yanmar and Solis tractors.

The Asian Palm Oil Alliance (APOA) held a stakeholders’ meeting in Kuala Lumpur, Malaysia recently. The meeting was attended by representatives from the global sustainable agriculture specialist organization Solidaridad Network, apex edible oil ind

DIMO together with its long-standing partner Mahindra Tractors recently completed a project executed for the betterment of the local farmer community with the objective of assisting them in land preparation during this difficult time, while also boos

Workers’ remittances to Sri Lanka crossed the US$ 500 million mark for the first time since April 2021, data released by the Central Bank last evening showed.

In an effort to promote sustainable tourism in Sri Lanka, the Sri Lanka Association of Inbound Tour Operators (SLAITO) and Travelife, an internationally recognised sustainability certification programme for the tourism industry, entered into a partne

Indicating a full recovery of outbound travel, visa applications from Sri Lanka is on course to reach pre-pandemic levels this year after reaching 68 percent of pre-pandemic levels in 2022 driven by pent-up demand, opening of international borders, a

Visa, a leader in digital payment technology, expressed confidence in the local tourism sector playing an active role in helping Sri Lanka’s economy revive, provided the proper digital payment infrastructure is in place.

The company teased the opening of its retail outlet in a brief statement Wednesday, saying it was preparing to greet customers in the financial and commercial hub of Mumbai. Its previous plan to open a store in the country in 2021 was derailed by the

With the new appointment, the Board of Sunshine Holdings will comprise of 12 directors, eight of whom are non-executive, independent directors.

Four hedge funds, holding around 48 percent of the GDP-linked securities issued between 2005 and 2010, sued the South American republic in 2019, seeking damages of up to 643 million euros.

Bond markets have already priced in rate cuts as early as the next policy meeting in June as yields fell sharply across government securities even before this week’s monetary policy meeting.

As the 1990 Suwa Seriya ambulance service has run into a Rs.1.5 billion shortfall in funds this year, a number of leading corporates have stepped up to fill the void by committing Rs.525 million up to now, to maintain the operations of the critical s

The Central Bank officials expressed confidence in wrapping up the negotiations with both its bilateral and commercial creditors well prior to the first review of the International Monetary Fund (IMF)-assisted programme, which would come up in six mo

Sri Lanka’s heightened fiscal, external and financial sector imbalances and its fluid political situation pose significant uncertainty for the country’s economic outlook, said the World Bank in its twice-a-year update, underscoring the need to ad

The John Keells group has signed an agreement to contribute Rs.100 million toward the Suwa Seriya Foundation for use in the operations of the Suwa Seriya ambulance service.