The ongoing massive economic turmoil has lost Sri Lanka its largest MICE event since the COVID-19 pandemic struck, which was due to arrive in the coming weeks, delivering a massive hit to the already struggling tourism sector.

A total of 5.3 MnKgs came under the hammer this week at the Colombo Tea Auction, an increase from the 4.8 MnKgs total offering from the previous week.

Perfetti Van Melle Lanka (Private) Ltd. announced the commencement of the local manufacturing of Chupa Chups, one of its most recognized and loved brands globally, becoming only the seventh country in the world to do so.

Seafood lovers in Colombo are in for a special treat as the city’s newest seafood restaurant - Totally Hooked - opened its doors to the public recently. Conveniently-located at 173, W.A Silva Mawatha, Colombo 06, Totally Hooked was ceremonially dec

In light of the current economic and financial situation in Sri Lanka, Damro stepped up to extend a helping hand towards families who are facing extreme difficulties.

The Sri Lanka Shippers’ Council implemented a book donation project where the mission was to join hands with CINEC to distribute the first Logistics Sinhala textbook titled ‘Logistics Sinhalen’ to rural schools in Sri Lanka.

Rythm Foundation, the social impact arm of the global QI Group, embarked on a Sustainable Community Project (SCP) in Sri Lanka in 2019 to rebuild the lives of 500 low-income families in one of the country’s poorest districts post the Sri Lankan civ

Waters Edge launched the ‘We Cares’ sustainability initiative recently to reduce the harmful impact on the environment by introducing sustainable practices to its daily work culture.

Abans recently launched the ‘Study Buddy Abans Nena Pahana’ CSR campaign in collaboration with the ITN as its media partner to support students.

Marking a key milestone in its sustainability journey, HNB PLC has been awarded the ISO 14064 certification by the Sri Lanka Climate Fund, recognising the country’s leading private bank’s commitment to quantify, report and reduce its greenhouse g

Sampath Bank launched the first phase of the coral replanting programme for the protection of marine resources in the waters off Mirissa coast.

Back in 2017, Samsung ushered in a new era in television with innovations ahead of its times and launched QLED TVs, a Quantum Dot Technology that completely redefined TV pictures and design. And since then, there has been no looking back.

Canon Inc. celebrated recently its 35th anniversary of its EOS System, which includes EOS-series interchangeable-lens cameras and a diverse range of system accessories, beginning with interchangeable EF lenses.

A letter has been sent to Speaker of Parliament by 38 private sector business chambers and associations that represent vital sectors of the economy calling for an interim government to end the ongoing social, political and economic instability.

The Department of Census & Statistics Department (DCS) website remains inaccessible for over a week now as the country’s fuel shortages, prompted by the lack of foreign exchange, has hit its web servers.

The Colombo Chief Magistrate’s Court yesterday issued an order preventing former Central Bank Governor Ajith Nivard Cabraal from leaving the country until April 18.

Sri Lanka must look at restructuring a US$1 billion sovereign debt due for payment in July, the outgoing Finance Minister told parliament yesterday, urging an end to calls for a change in government amid the country’s worst economic crisis in decad

Dr. Nandalal Weerasinghe and K.M.M. Siriwardena received their appointment letters from President Gotabaya Rajapaksa last evening, as the new Governor of Central Bank of Sri Lanka and Finance Ministry Secretary respectively.

National Development Bank PLC is eying expansion opportunities in the region after it delivered some solid performance during both 2020 and 2021 with robust growth in its asset base, capital profile, liquidity and returns to its shareholders.

Fitch Ratings last week assigned ‘AA’ rating to Hela Apparel Holdings PLC with a ‘Stable’ outlook, but cautioned that the ongoing power crisis could hit the apparel maker’s Sri Lankan operations which account for 50 percent of its revenues.

The Chamber of Young Lankan Entrepreneurs (COYLE) has voiced its concern regarding the inability of many businesses to sustain their regular functions due to the prevailing situation in the country.

Sharp increase in key policy rates as advocated by some analysts could send ripple effects through the financial markets by way of mass scale defaults, demand destruction and thus forcing people from frying pan into the fire as it will increase pover

The Condominium Developers Association of Sri Lanka (CDASL) handed over recommendations for amendments to the New Planning and Development Regulations – Extraordinary Gazette No. 2235/54 to Condominium Management Authority (CMA) Chairman Sarana Kar

Home Lands Skyline (Pvt.) Ltd broke ground for its next-generation project Oceana Beach Resort Apartments – Wadduwa recently, which added this 17-acre development to its portfolio of properties.

Three Sinha Industries (Pvt.) Ltd, one of Sri Lanka’s leading companies in the field of construction. partnering with the Sri Lanka Insurance Corporation has launched for the first time in Sri Lanka an insurance coverage for its clients purchasing

EY Global Delivery Services (EY GDS), a dynamic and truly global delivery network, opened its new facility at the World Trade Centre, Colombo.

In a recent statement, the apparel industry has urged all stakeholders to put aside the differences and work together to resolve the current crisis, which has imposed severe hardships on people and hampered the economy.

The Ceylon Tea cuppa will soon lose its appeal on the global stage, if the relevant authorities do not take corrective measures to ensure the leaves reach the shelves of the international market, the industry stakeholders caution.

The Tea Exporters Association (TEA) has called on the Tea Board to explore the possibility of having a mutual trading arrangement with Russia to continue to cater Ceylon Tea to that country.