Plantations Minister Dr. Ramesh Pathirana stated that the export of coconuts and related products earned about US $ 850 million last year.

Glenanore Estate achieved an all-time record price of Rs.1,060 per kg for an FBOPF1 grade in the Uva High Grown region, at the weekly tea auctions, which took place on March 1-2, 2022.

Delmar Estate (Halgranoya) continued to excel with yet another all-time record price of Rs.1,000 per kg for a BOP1 grade in the Udapussellawa region, at the weekly tea auctions held on March 1-2, 2022.

The Board of Investment (BOI) of Sri Lanka recently entered into an agreement with EY Global Delivery Services (EY GDS) to offer business and technology consulting and audit services anchored on advanced digital skills.

At the recently held eighth Annual General Meeting at Taj Samudra, T.S. Prakash was elected as the new President of the Indian CEO Forum-Sri Lanka (ICF).

A 20-member high-level business delegation from the Oman Chamber of Commerce and Industry (OCCI), headed by OCCI President Eng. Readh Bin Juma Al Saleh, will arrive in Sri Lanka on March 5, 2022, to explore trade and investment opportunities in Sri L

Hutch, Sri Lanka’s fastest-growing mobile broadband operator, accomplished yet another major milestone in its rapid transformation journey, successfully implementing the latest Oracle Fusion Cloud Enterprise Resource Planning (ERP) system in the mi

In commemoration of the World Hearing Day, the Ratmalana Audiology Centre (RAC), a collaboration between Dialog Axiata PLC and the Ceylon School for the Deaf and Blind Ratmalana, will be conducting free hearing tests for the public from March 3 to 16

Samsung, Sri Lanka’s No.1 smartphone brand, unveiled its most premium flagships - Galaxy S22 5G series for pre-orders recently with amazing bundle offers ranging from free Galaxy Buds to free data.

Sri Lanka is aligning with innovation and accelerating into a new, digital-centric space, with the government working to create an inviting regulatory environment for blockchain use-cases to flourish, offering the country fresh and entirely new econo

‘We Think Digital’ is Meta’s global digital literacy programme that aims to develop digital skills to create a positive and safe culture online.

Union Assurance PLC recently held the Mid-year Awards 2021 to honour its top achievers. Over 300 employees in the Agency cadre, Bancassurance, and Corporate sales divisions were recognised during the event for their exceptional performance.

Following the conclusion of the 2021 Article IV Consolation with Sri Lanka, the International Monetary Fund (IMF) has emphasized the need for tighter monetary policy to contain the rising inflationary pressures.

BLOOMBERG: Chamath Palihapitiya took advantage of his insider role as chairman of Virgin Galactic Holdings Inc. to sell 10 million shares of the struggling space travel company for $315 million before he abruptly quit the board last month, a sharehol

With the pharmaceutical stocks rapidly diminishing, the Sri Lanka Chamber of Pharmaceutical Industry (SLCPI) yesterday warned of a looming shortage of critical life-saving medicines in the market within the next two to six weeks, due to the worsening

The economic analysts at First Capital Research (FCR) are betting on a back-to-back policy interest rate hike by the Central Bank when they meet today for the second time of the year to determine if the current monetary policy is adequate to blunt th

Standard Chartered Global Research in an economic alert yesterday said the Central Bank is likely to maintain the status quo at its March 4 monetary policy meeting amid inflationary pressures.

The Central Bank of Sri Lanka (CBSL) is expected to raise rates for the second time this year on Friday, as a sharp surge in domestic inflation and a continuing foreign exchange crisis threaten to further derail the domestic economy.

President Gotabaya Rajapaksa has assured the Public Utilities Commission of Sri Lanka (PUCSL) that all necessary action will be taken immediately to avert the electricity crisis prevailing in the country.

The Public Utilities Commission of Sri Lanka (PUCSL) this week blamed the misguided financial management of the Central Bank (CB) for the current power crisis, as it explores legal actions to secure US $ 150 million required to import fuel to power t

Sri Lanka’s apparel exports in January 2022 achieved the highest level for that month in the last five years. This performance demonstrates the industry’s underlying strength, as it bounced back from the sustained shocks from the impact of the pa

The Ceylon Chamber of Commerce (CCC) yesterday expressed serious concern about the adverse effects brought on its members and all sectors of the economy in general as a result of the ongoing interruptions to the supply of electricity coupled with the

Marking a key milestone in its efforts to engage in sustainable development and drive excellence in ESG reporting, Hayleys PLC officially signed on as a member of the Global Reporting Initiative (GRI) South Asia Charter on Sustainability Imperatives.

OPEC+ oil producers meeting yesterday do not plan to accelerate output rises, according to a draft deal seen by Reuters, as Saudi Arabia and the United Arab Emirates recommit to a deal with Russia even as crude prices rocket higher.

The tourist arrivals to Sri Lanka for the month of February topped 96,000, recording an increase of 17 percent from the previous month.

The Condominium Developers Association of Sri Lanka (CDASL) has made several amendments and resolutions to issues faced by condominium developers over time in order to facilitate and expedite businesses processes for the rapid development of the sect

Access Engineering PLC (AEL) is making swift progress in the construction of the T-Mall flyover and 05 foot bridges in Kenya and is well on schedule to be completed and handed over next year.

EliSh Development Ltd., launches yet another historic condominium project-The Flemington 360° Nawala which offers nature inspired, convenient city living.

Greenstat Hydrogen India has signed an agreement with the Sri Lanka Petroleum Development Authority to collaborate on a pilot project for generating green hydrogen in Sri Lanka.

Seylan Bank partnered with the largest construction and home décor trade show of the year, Kedella Construction Expo 2022, for the ninth consecutive year, as the Title Partner and Official Banking Partner. The exhibition will take place at BMICH on