IFC has appointed Lisa Kaestner as the new Country Manager for Sri Lanka and Maldives.

Moving further away from the policy of promoting organic agriculture, the government has decided to import 38,500 MT of muriate of potash fertiliser and to distribute among paddy farmers under the government’s fertiliser subsidy programme for the

Sri Lanka plans to develop one of the seven islands in the North as a duty-free hub in collaboration with a group of Indian investors, Northern Province Governor Jeevan Thiyagarajah said.

The foreign exchange crunch and the drop in local harvest weighed on the performance of Ceylon Grain Elevators PLC as the company saw its revenues decline and costs escalate in the three months to December 2021 (4Q21) prompting it to curtail producti

Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) yesterday requested the government to provide continuous power for export industry factories as production is getting interrupted due to the ongoing power cuts.

A ribbon cutting ceremony was held marking the official reopening of Avani Bentota Resort to the public and beckoning a new age in post-pandemic travel.

Air France KLM Martin Air Cargo Sri Lanka (AFKLM Martin Air Cargo SL) concluded its annual Customer Awards Evening on a high note, at a glittering event held at Shangri-La Hotel, Colombo.

The 68th Annual General Meeting (AGM) of Skal International was held recently at Ramada in Colombo and Travel Talk Asia Managing Director Sk Dinushka Chandrasena was re-elected as President for the year 2022, with World Link Travels Managing Directo

The Sri Lanka Association of Inbound Tour Operators (SLAITO) has expressed its delight over the launch of the new train service from Kandy to Ella on a daily basis.

Vallibel Finance PLC reported some solid financial performance for the three months ended on December 31, 2021, providing a glimpse into how the mid-sized non-bank financial services sector had broadly performed in the final three months of 2021, whe

HNB Assurance PLC (HNBA), a leading life insurer in the country, recorded an impressive growth of 29 percent for the fiscal year 2021 in terms of gross written premium (GWP), recording Rs.7.1 billion.

Sri Lanka’s largest retail bank Hatton National Bank PLC’s Islamic banking business celebrated a decade of successful operations under the Al Najaah brand.

The 12th branch of Lanka Credit and Business Finance PLC LCB) was declared open in Akuressa amidst a gathering of distinguished invitees and prospective customers, which is the eighth branch established in the Southern province.

Ceylinco Life has retained its market leadership in Sri Lanka’s life insurance sector for the 18th consecutive year, with gross written premium income growing by 15.8 percent to Rs.25.565 billion for the 12 months ending on December 31, 2021.

The Sri Lanka Institute of Directors (SLID) recently launched its Young Directors Forum (YDF) with the aim of grooming young talent to take up positions in the boardrooms of corporate Sri Lanka as well as in the public sector/State-Owned Enterprises.

Directors of M/S Zeitgeist based in Lahore, Pakistan a well-established high quality garment export company recently visited the Board of Investment of Sri Lanka with the objective of exploring opportunities for investment in Sri Lanka in the apparel

The 114th birth anniversary of Deshamanya N.U. Jayawardena, Senator, first Sri Lankan Governor of the Central Bank, and financier, was commemorated by the staff members of MMBL-Pathfinder and the Pathfinder Foundation.

LDM Technologies (Pvt) Ltd, a rising name in the field of CAD and CAM Solutions in the apparel industry, received the Silver Award for the best service provider in the microcategory service sector at the Industrial Excellence 2021 Awards organized by

Royal Cashews won the Best Ethically Trading Exporter 2021 NCE Challenge Trophy - Special Award for the first time at the National Export Excellence Awards organized by the National Chamber of Exporters, establishing themselves as the best export org

Softlogic Retail (Pvt) Ltd., a fully owned subsidiary of Softlogic Holdings PLC, launched its all-new range of aesthetically appealing and energy-efficient air conditioners under the MAXMO brand on February 27, at all Softlogic and Softlogic Max show

Sri Lanka@100 hosted a webinar featuring Tiffani Bova, author of the Wall-Street Journal-bestselling book Growth IQ, to inspire mid-market companies with insight into sustained business growth.

Showcasing a strong financial position and dominant market share of the local cable industry with strong brand equity, ACL Cables PLC’s credit rating was upgraded with a [SL] AA- Stable outlook recently according to ICRA Lanka Limited, a Group Comp

Sri Lanka’s reviving tourism industry is likely to hit another stumbling block, due to the ongoing invasion of Ukraine by Russia. The conflict will have direct implications on the number of tourist arrivals into the island nation.

State-owned banking giant Bank of Ceylon (BOC) was able to reiterate its position as the undisputed market leader in Sri Lanka’s banking sector with a robust financial performance for the year 2021.

Despite the persisting economic troubles and possible negative impacts that could stem from the Ukraine crisis, the Colombo bourse yesterday bounced back significantly from the record losses incurred over last week amid high retail investor activity.

The Labour Ministry has commenced discussions with the World Bank (WB) and International Labour Organisation (ILO) to find avenues to fund the proposed social security and pension scheme for the private sector employees.

The Central Bank yesterday sought the assistance of the public to crack down on unauthorised money changers emphasising that any person or organisation engaging in foreign currency transactions without the Central Bank permission is an unlawful activ

The buzzword in every economy barring Japan is inflation, as it is hitting the pocketbooks of millions, if not billions of people around the world and Sri Lanka is not an exception.

Colombo inflation hit a new 13-year high in February from a year ago but the prices measured on a monthly basis showed a deceleration, pointing to easing of prices in the months to come.

Union Bank of Colombo PLC reported strong financial performance for the three months to December 31, 2021, with improvements in asset quality and margins but the company’s extremely anaemic growth in loans and advances raised serious questions abou