Aviation and Export Zones Development State Minister D.V. Chanaka assured the power disruptions and fuel shortages faced by the companies in the BOI Export Processing Zones would come to an end shortly. He shared that the shortages are likely to come

The yields of the Treasury bills continued to advance unabated at the auctions held this week, with the benchmark one-year bills adding as much as 28 basis points to 12.28 percent, as the bond investors continued to seek higher yields, which can comp

Trading at the Colombo Stock Exchange (CSE) closed for the day yesterday after a few minutes since the trading began, as the S&P SL20 index dropped below 10 percent from its previous close.

Russia has told “unfriendly” foreign countries they must start paying for gas in roubles or it will cut supplies. Vladimir Putin has signed a decree stating buyers “must open rouble accounts in Russian banks” from yesterday.

Wyavasaya 2022, a trade and educational exhibition, kicked off at the BMICH yesterday.

The National Chamber of Exporters (NCE) yesterday expressed grave concerns about the status of the export sector, as it continues to be heavily impacted by the ongoing economic turmoil.

The International Monetary Fund (IMF) confirmed that Sri Lanka has given the nod to receive support to bail its economy out from the mounting crisis situation.

A total of 4.8 MnKgs came under the hammer at this week’s Colombo Tea Auction, a dip of 0.4 MnKgs when compared with last week’s offering.

Equities fell yesterday after their worst quarter since the early days of the pandemic as traders assess the impact of the war in Ukraine and the Federal Reserve’s plans to fight surging inflation by ramping up interest rates.

Outgoing Saudi Ambassador to Sri Lanka Abdulnasser Hussain Al-Harthi stated that Saudi Arabia intends to continually provide the assistance of the Saudi Development Fund to Sri Lanka.

Traverse, Sri Lanka’s first virtual city, launched by national ICT provider SLT-Mobitel, was debuted yesterday in Colombo.

Lustre Designs Corporation, Sri Lanka’s finest custom gem cutting lapidary for precious and semi-precious gemstone cuts, has made history by becoming the first Sri Lankan company to win an award at the Jewellery World Awards.

Bringing comfort, trendiness and body positivity to Colombo’s evolving fashion scene, home-grown brand Pepper St. opened its flagship at the One Galle Face Mall recently.

Raja Jewellers launched its latest collection ‘Sooryabharana’ for the Avrudu season recently.

Sri Lanka’s largest manufacturer and marketer of herbal personal care products, Swadeshi Industrial Works PLC brand products received the Vegetarian Society accreditation for the adult, baby soap range and the body wash and shower gel range.

Hayleys Group subsidiary Hayleys Fabric has invested Rs. 6.3 million in 9 acres of wetland to preserve biodiversity and raise awareness of the unique endemic species found within its borders.

With a vision to create more opportunities for women to enter the hospitality industry and become economically stable, Jetwing Hotels launched an innovative ‘Second Careers’ project to celebrate International Women’s Day with a tangible differe

The Coca-Cola Foundation has stepped up efforts to fund the ‘We Effect Sri Lanka’ and Trincomalee District Youth Development (AHAM) to support the ‘Our Actions - Our Future’ initiative.

South Asia Textiles (SAT), a leading manufacturer and exporter of textiles, received the ISO 14001 and ISO 45001 certifications for elevating its environmental sustainability, and employee health and safety systems to global standards.

People’s Bank’s Urubokka Branch in the Matara Region celebrated International Women’s Day by empowering women through a series of programmes held on March 8th at the Public Ground Urubokka.

Barista Coffee Lanka recently launched a mega CSR Campaign, the ‘Breathe with Barista’, an effort to encourage the planting of more tress which would help increase the oxygen content in the environment.

Citizens Development Business Finance PLC (CDB) added strength to its corporate sustainability agenda, signing two key partnership for mangrove conservation, with the Center for Sustainability of the University of Sri Jayawardenepura and Biodiversity

The national carrier of Maldives, Maldivian yesterday announced it has temporarily halted services to Ratmalana International Airport.

The Ceylon Chamber of Commerce yesterday reiterated the need for the government to address the foreign exchange shortage urgently by expediting the debt restructuring process as it will halt any future principal and interest payments of debt and allo

The Joint Apparel Association Forum (JAAF), the apex body of Sri Lanka’s apparel industry, reiterated its concerns over the industry’s ability to continue operations due to the prevailing fuel and power crisis.

Inflation in the Colombo district jumped to 18.7 percent in the twelve months to March 2022 accelerating from 15.1 percent in February, as prices are seen charging ahead after the rupee was floated in the first week of March.

Sri Lanka’s true consumer price inflation is running in the north of 50 percent as the official index compiled by the Census and Statistics Department does not capture the time and income lost of scores of people who stand in queues everyday for fu

Sri Lanka’s power crisis which turned from bad to worse this week could grind on for months if not years as the country’s Executive President and his government are fully fixated on their quest to make Sri Lanka a net zero carbon emitting country

Sri Lanka’s Power Minister said yesterday that power cuts could continue into May, as many parts of the crisis-hit country currently faced up to 13 hours without electricity due to a shortage of foreign currency to import fuel.

Following the amalgamation of Commercial Leasing & Finance PLC (CLC) with LOLC Finance PLC (LOFC) with effect from March 31, 2022, new appointments and re-designations have been made to the LOFC director board.