Sri Lankan shares snapped a three-session winning streak, closing lower yesterday as industrial stocks fell.

Issues have cropped up in the execution of the extension project of the Bandaranaike International Airport (BIA), Katunayaka, the Ministry of Tourism said, and a summary of the same is to be put forward to the relevant government authorities in the c

Facebook parent company Meta is being sued by the Texas attorney general for “storing millions of biometric identifiers’’.

Several institutions have been summoned by the COPE committee for the month of February and March, including state banks and the apex state body promoting exports.

The intention of the government was to reduce imports and encourage exports. The policy document ‘Vistas of prosperity and splendour’ page 36 refers to reducing the trade deficit and going for import substitution and encouraging exports.

“Tourism has been described as the world’s largest transfer of resources from rich to poor, dwarfing international aid.” - Salli Felton, CEO, Travel Foundation

The Innovation and Technology Committee of The Sri Lanka Institute of Directors (SLID) organized a timely webinar titled ‘Cyber security: What Company Boards Should Know’ for its members recently to enhance their knowledge on cyber security, a th

Understanding the urgency to support Sri Lanka’s transformation into a smart economy and drive inclusive growth, Sysco LABS Sri Lanka, the captive innovation centre for Sysco Corporation, the global leader in food service, is powering ‘Spectrum 2

The Regulatory Board of Rwanda Utilities Regulatory Authority (RURA) has approved the 5-year strategic plan that was researched and formulated in consultation with MTI Consulting. The Strategic Plan was based on MTI’s 8S Model.

Data and artificial intelligence company, ADA in Sri Lanka, further strengthened its leadership ranks with the recent appointment of Sanjini Munaweera as Country Director for Sri Lanka.

Sri Lanka’s producer prices, a measure of inflation before it hit the end consumer, continued to climb in December, predominantly pushed up by the soaring agriculture producer prices but the monthly index changes pointed to some signs of easing in

In response to the forecasts made by certain factions over the value of the rupee in the near future, indicating a steeper loss in value in relation to the United States dollar, the Central Bank believes that the rupee will hold steady.

Sri Lankan shares ended marginally higher yesterday, extending gains to a third straight session, supported by financial and communication services stocks.

Industrial production in Sri Lanka added more heft in December, in a sign of rebound in manufacturing activities, which were repeatedly disrupted by the lockdowns and other mobility restrictions imposed intermittently in response to the virus resurge

The government has neither banned nor imposed controls on imports except for vehicles and gold, as some have commented at various occasions and thus anybody can import anything without an issue, according to the Central Bank.

Property Development PLC (PDL), the owner of Bank of Ceylon Tower and a subsidiary of Bank of Ceylon (BOC), announced plans to delist its shares on the Colombo Stock Exchange (CSE), with an attractive exit offer.

Aitken Spence PLC reported its best ever 3Q performance with a profit before tax (PBT) of Rs.3 billion in 3Q22, with the group’s businesses, including the tourism sector, showing positive momentum.

The membership of the Ceylon Chamber of Commerce (CCC) yesterday expressed serious concerns on the provisions of the Surcharge Tax Bill that has been gazetted recently to implement the budget proposal on same.

The EU delegation to Sri Lanka has pledged its support to strengthen the capacity of wellness tourism in the country, which will allow the industry to bounce back faster towards recovery.

February is the Month of Love and romance around the world.

As the Truly Sri Lankan Bank, Pan Asia Bank has launched a special campaign for its remittance customers, whereby 150 lucky remittance customers are eligible to win amazing gift vouchers.

People’s Bank participated in the Industry 2022 national industrial exhibition that was held recently at the Bandaranaike Memorial International Conference Hall (BMICH), with the bank’s stall drawing large crowds during all three days of the even

National Development Bank PLC (NDB) recently joined hands with the Central Bank of Sri Lanka (CBSL) to launch the national remittance mobile application Lanka Remit.

People’s Merchant Finance PLC (PMF), a licensed finance company operating within the Sri Lankan finance industry for the past 39 years, has launched a brand-new website www.peoplesmerchant.lk to bolster more and more engagement with its stakeholder

The lives of another 176 policyholders of Ceylinco Life have just got brighter after they were selected to receive gold and gift vouchers at the second draw of the 15th edition of the life insurance leader’s ‘Family Savari’ mega promotion.

Nations Trust Bank (NTB) has joined as a launch partner for Lanka Remit, the national remittance app launched by the Central Bank of Sri Lanka.

Commercial Bank of Ceylon PLC has collaborated with the Sri Lanka Insurance Institute (SLII), the local body affiliated to the Chartered Insurance Institute of UK, to provide special education loans and easy payment plans to the institute’s members

People’s Bank, together with Sri Lanka’s pioneering state-owned non-banking financial institution People’s Leasing & Finance PLC (PLC) launched co-branded credit cards – VISA Platinum and VISA Signature – at a special ceremony held at the P

The motivation that made me pen this was a proposal made by Dhammika Perera through the sister paper Lankadeepa. Proposals to improve the higher education quality are ordinary but rarely one suggests the development of the higher education industry.