The All Share Price Index of the CSE crossed 13, 000 point mark for the first time in the stock market’s history today.

Virtusa Corporation today announced the appointment of Rajeev (Raj) Mehta as its new Chairman of the Board of Directors.

The Central Bank (CBSL) announced that Sri Lanka will meet its commitment for the International Sovereign Bond (ISB) that is maturing in the coming weeks as the necessary allocations have been made.

Central Bank of Sri Lanka (CBSL) Governor Ajith Nivard Cabraal took to Twitter today to stress that no instructions have been given to banks to force customers to convert balances in their foreign currency accounts.

The global apparel sector will have to walk the talk in 2022 in their efforts towards tackling climate change as end consumers will want to see the ambitions being turned into reality sooner than later, analysis by Investment Insights highlighted.

The government’s New Year bonanza to the people announced by the Finance Ministry this week could be looked at as a blessing at a time of hardship. However,​​ looking beyond the attractive packaging makes one question if it’s a curse that wou

The government plans to sign an agreement with India to jointly operate the Trincomalee Oil Tank Complex with Lanka IOC PLC next week following Cabinet approval this week.

The Central Bank has yet again raised the ceiling rate of term deposits offered by finance companies after Treasury bill yields started adjusting upwards lately as such deposit rates are tied to 1-year Treasury bill rate.

Sri Lankans continued to lose jobs in the third quarter through September 2021 while some gave up on looking for jobs after the pandemic and its associated economic downturn pushed scores of people into the sidelines, deepening the skill shortages fa

President Gotabaya Rajapaksa is likely to appoint a Cabinet-level negotiation committee to hold discussions with ‘friendly countries’ seeking financial assistance ahead of the country’s external debt repayments this year.

Macksons Holdings, the manufacturer of Multilac paints and Macktiles floor tiles, yesterday became the first private sector company to announce a salary hike for its employees in line with the government’s relief package announced on Monday, which

Sri Lankan shares hit an all-time high yesterday, and marked their fifth straight session of gains, boosted by financial stocks.

Bank of Ceylon (BOC) wishes all its customers, stakeholders and Sri Lankans a Very Happy New Year, as it commences work for 2022-New Year.

ICTA, in partnership with industry partners FITIS, SLASSCOM, BCS and CSSL and National Partners Export Development Board and Board of Investments, will be hosting the inaugural National Digital Consortia, from January 10 to 13, 2022.

NDB CEO Dimantha Seneviratne and the senior management of National Development Bank PLC celebrated the first working day of the year 2022 at their Nawam Mawatha head office, under the stipulated health guidelines.

The 12th edition of the Jaffna International Trade Fair (JITF), a mega trade fair, will be held in the heart of Jaffna this January 21, 22 and 23.

Much is being said nowadays about the pressures the Sri Lankan rupee is facing but it is important that we understand the mechanics and greater economic context.

Every economy in the world, may it be developed or developing, is a topic for discussion today. Some economies are being discussed for their achievements, sound management, good governance, high growth, overcoming crisis and other positivity. Other e

As Sri Lankan migrant workers flock to informal remittance channels with the growing gap between the official exchange rate and black and grey market exchange rates, Labour Minister Nimal Siripala de Silva urged the government to offer Rs.240 per US

Even though the government has so far made no decision to seek International Monetary Fund (IMF) assistance, it has appointed dedicated ministers to interact closely with international donor countries and agencies.

The once popular BlackBerry era comes to an end today with the company having taken a call to stop supporting phones running on the BB OS.

Finance Minister Basil Rajapaksa yesterday evening announced a massive relief package to the tune of Rs.229 billion (US $ 1.15 billion), aimed at easing the burden faced by the public, due to the soaring consumer prices and shortages of essential com

Credit card spend, a proxy for the spending pattern of mostly the urban consumer, continued to gain more momentum in November, after a sharp upsurge recorded in October, which corresponded with the easing of virus-related restrictions.

The local tea sector braved through the challenges stemming from the pandemic to record an “excellent performance” in 2021; however, more focused efforts are required to sustain the momentum in 2022, as regional competition gets aggressive, the

The stock market commenced trading in 2022 with a bang, as the benchmark index recorded its highest single-day gain while the daily turnover topped Rs.9.5 billion.

Sri Lanka’s oldest finance company Alliance Finance Company PLC (AFC) has secured a US $ 5 million medium-term financing facility from impact investing fund EMF Microfinance Fund AGmvK, Liechtenstein, advised by Swiss-based Enabling Qapital S.A.

The Colombo District Court has delivered a judgment in favour of the defendant parties regarding a property in Colombo that was derived by right of long and prescriptive possession.

The Central Bank has revised the earlier rule, which set maximum interest rates on mortgage-backed housing loans, effective from January 1, 2022, considering the rising interest rates in the economy and the current and expected macroeconomic developm

Rakuten Viber joins hands with SLT-Mobitel Mobile to offer ‘Viber Free’ data packages that help users stay connected, no matter where they are. This joint endeavour will enable SLT- Mobitel Mobile subscribers to enjoy unlimited data when using Vi

Infinite Blue, a leading provider of business continuity/disaster recovery planning and response management software, has entered into a strategic alliance with Epic Lanka (Pvt) Ltd., the leader of Fintech anddigital transformation solutions provider