Travel+Leisure’s readership voted for its favourite wellness retreat in the world and has chosen Santani, Sri Lanka, as the best in the world.

Addressing the challenges of hoteliers, SLT-Mobitel, the national information and communications technology (ICT) solutions provider, has launched its new SLT Check-In solution, partnering with the world-class cloud-based property management system H

Sunse Japan (Pvt.) Ltd, a leading construction company, joins with State Building Material Corporation to commence the construction work of tourist police stations across the island.

Divine Villa, located in Heenatigala, Galle, opened on December 22, 2021, is a luxury boutique villa, welcoming local and international tourists alike.

The Central Bank yesterday ordered the licensed banks to surrender 25 percent of the foreign currency they receive from a variety of sources on a weekly basis, raising the hitherto prevailed requirement of 10 percent and 20 percent in certain cases.

Sri Lanka has welcomed a total of 69,941 tourists in the first 26 days of December, bringing the total number of arrivals to 174,930 for the year so far.

Meanwhile, the immediate parent of Browns Investments PLC (BIL), Brown & Company PLC, yesterday said it is planning to raise up to Rs.5 billion through a debenture issue.

Browns Investments PLC (BIL), a unit of LOLC Group, yesterday said it completed the acquisition of two plantation companies owned by the James Finaly group, which was announced last week.

With the exorbitant market prices of the required fertilisers driving the tea plantations into financial turmoil, the government has decided to provide 40kg of fertilisers for each 100kg green tea leaf produced at a fair price for an interim period,

As the issue of food insecurity grapples the world, Sri Lanka ranks alongside India on having the highest child wasting in South Asia, the latest regional overview on food and nutrition by the Food and Agriculture Organisation of the United Nations (

In what is seen as the latest move to extend relief to the pandemic-affected borrowers, the Central Bank has asked the banks to extend the pause on the recovery actions on loans and leases till March 31, 2022.

Sri Lanka, which saw decade-high prices in November amid supply chain issues and excessive money printing, is now risking wage-spiral inflation, as workers are going on strike demanding higher wages to fight against the soaring prices.

D. Samson Industries (Pvt.) Ltd (DSI) recently received the patent rights (Patent No. 19992) for its new category of footwear for the first time in Sri Lanka, including its latest innovation – the common flip-flops with a new trendy look that have

People’s Bank joined the LankaPay National Card Scheme, becoming the first bank to be both an acquirer and an issuer of same.

Real estate developer Myland Developments Limited’s (MDL) IPO, opened on December 8, was oversubscribed in a matter of hours, receiving 2,884 applications, which resulted in an oversubscription rate of 6.7 times.

NDB Wealth, as a trusted financial and wealth management partner, strongly advocates the need to plan ahead and prepare for the festivities in a prudent manner, so that one can relax and enjoy the season.

DFCC Bank, one of the premier commercial banks in Sri Lanka, announced the launch of DFCC Aloka, a financial proposition exclusive for women, with the prime goal of enabling women to achieve their aspirations through innovative financial, non-financi

The Central Bank of Sri Lanka (CBSL) today amended the operating instructions to licensed commercial banks where they were directed to sell 25 percent of the dollars sold to them by customers to the CBSL on a weekly basis.

As the issue of food insecurity grapples the world, Sri Lanka ranks alongside India on having the highest child wasting in Southern Asia, revealed the latest regional overview on food and nutrition by Food and Agriculture Organization of the United N

The fiscal deficit continued to expand in the nine months through September 2021 on the back of revenue shortfalls, which were sharper than expected due to the pandemic-induced economic restrictions and sweeping tax cuts in 2019, and the expenses whi

Sri Lankans may be brimming with hope to welcome 2022 looking past all the hardships brought about by the pandemic and mishandling of its economy, but one may have to practice some self-restraint in having any optimism as the country is carrying forw

Diversified conglomerate CIC Holdings last Friday announced the appointment of Prashantha Aroshan Seresinhe as the Group CEO with effect from December 1, 2021.

Terms of trade, the ratio of export prices and import prices turned in Sri Lanka’s favour in October after remaining in the unfavourable territory for many months reflecting that finally the merchandise exports are fetching higher prices in line wi

With a view to augment the asset position, Serenity Lake Leisure Ltd, the controlling shareholder of Hunas Falls Hotels PLC, is gearing to infuse the latter with Rs.4.25 billion worth capital by transferring ownership stakes the former holds in sever

The Central Bank last week decided to extend the worker remittance incentive scheme, which offered an additional Rs.10.00 for each dollar converted, through January 2021 from an earlier end date set at December 31, 2021.

Questions are being raised abundantly whether the rock bottom interest rates which came about since the onset of the pandemic to both blunt its economic fallout and also to support the subsequent recovery have delivered intended results as a senior b

Janashakthi Insurance PLC announced the launch of the Janashakthi Life App enabling customers to get information they need instantly, independently, accurately and conveniently.

Christmas time and the festive season has always been a time of joy and laughter no matter the circumstances, and this remains especially true for young children.

DFCC Bank announced it will be extending an array of discounts, CashBack offers and other financial benefits to all DFCC cardholders in lieu of the upcoming festive season.

Alliance Finance Company PLC (AFC) has received the second tranche of US$ 5 million from the Dutch Entrepreneurial Development Bank (FMO) as part of a long-term financing facility of US$ 10 million to expand its growing portfolio of MSME business.