Has the time come to consider seriously the merits of restructuring the government’s external debt obligations? The Sri Lankan authorities have indicated that they are in the process of negotiating inflows to meet the country’s immediate foreign

Although Sri Lanka is facing an uphill task of meeting its near-term foreign currency debt obligations coming due, the country has managed to gradually cut the foreign component of its public debt during the 19 months to July, bringing it down to bel

The government plans to takeover the unutilised land plots of the Regional Plantation Companies (RPCs) in six months by re-enacting the Revival of Underperforming Enterprises and Underutilised Assets Act, according to Labour Minister Nimal Siripala d

Sri Lanka’s exports in 2021 from the rubber product sector have achieved US $ 1 billion income and the Sri Lanka Export Development Board (EDB) intends to increase it to US $ 3 billion by 2025.

Samsung has been deemed as the most innovative technology company worldwide by a Capital on Tap report recently.

N-Joy, Sri Lanka’s leading coconut oil brand, set yet another benchmark in the coconut oil manufacturing industry by adopting the state-of-the-art manufacturing process, Fresh Dry Technology (FDT), which further enhances product quality in line wit

TourmalineLanka Gemological Laboratory (TGL), one of Sri Lanka’s leading gem laboratories, celebrated its fifth anniversary earlier this year by opening a branch in the city of Galle.

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) accorded the Gold award to the annual report of Lanka IOC PLC under the power and energy sector for the year 2020-21 during the grand finale of 56th Annual Report Awards ceremony.

Laugfs Gas PLC held up the prestigious Gold award in triumph in the power and energy sector at the 56th Annual Report Awards organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).

Reliable Spices Group, a leading brand in the field of local spice and food exports in Sri Lanka, reaffirmed its excellence by winning the Silver award for the Best Export Exporter of the Year in the new export category, at the Presidential Export Aw

Appreciating the customers for their loyalty and ensuring they remain connected to all their favourite social media applications, especially to usher in the New Year, SLT-Mobitel, as the national information and communications technology (ICT) soluti

Adding yet another exciting proposition to the most attractive ‘Blaster’ series, Dialog recently launched the all-new Triple Blaster (498) plan, facilitating the prepaid customers with the ideal bundle plan with calls and SMS to any local network

The Central Bank of Sri Lanka (CBSL) announced today its decision to extend additional incentives for inward workers’ remittances following requests made by Sri Lankans employed abroad.

Come 2020, the persistent impact of high shipping costs could put an end to the benign inflation Asia has enjoyed in 2021, an International Monetary Fund (IMF) blog post shared this week.

The Commercial Bank of Ceylon has completed its project to equip 100 schools island-wide with Smart Classrooms that deliver digitised educational content, a commitment it embarked on in its centenary year to transform orthodox educational institution

As part of its continued efforts to ensure that no child is left behind in continuing their education, Dialog Axiata PLC together with Manusath Derana successfully facilitated 103,478 schoolchildren from 470 schools across the country in their online

For the 11th consecutive year, People’s Bank joined hands with the Employees’ Trust Fund (ETF) to reward 9,000 children of ETF members who had excelled in the Grade 5 scholarship examination.

Pan Asia Bank recently marked ‘Day of Charity’ - yet another corporate social responsibility initiative undertaken by Team HR where Pan Asians volunteer to make the life of other human beings better.

Continuing in its effort to help less-privileged elderly citizens facing hardships due to the Covid -19 pandemic situation, the Smart Shirts (Lanka) Ltd in collaboration with HelpAge Sri Lanka (HASL) recently distributed Rs. 2 million worth 6000 ladi

SriLankan Cares, the CSR arm of SriLankan Airlines, spreading the Christmas spirit and joys of the season, donated packs of essential items among the occupants of CCC Home, Maharagama.

The groundbreaking initiative to uplift rural communities and help in the development of villages – The LG Ambassador Challenge recently concluded its four selected community projects.

John Keells Foundation conducted a two-week public campaign against gender-based violence under its Project WAVE (Working Against Violence through Education).

LOLC Group’s strategic investments arm Browns Investments PLC (BIL) yesterday said it had entered into a transaction agreement with James Finlay Limited to buy the latter’s entire holdings in two listed plantation companies.

The revised export proceeds repatriation and conversion rule that came into effect end of October appears to be bringing the desired outcomes as Central Bank is seeing the reparations of dollars from exports having doubled during November.

The shares of First Capital Treasuries PLC commenced trading on the Colombo Stock Exchange (CSE) yesterday. The shares have been listed on the Diri Savi Board of the CSE under the ‘Investment Banking & Brokerage’ sector. The occasion was marked w

The Visiting Blogger Programme (VBP) and the Visiting Journalist Programme (VJP) under the influencer marketing effort for promoting destination Sri Lanka is a great success than originally anticipated, Sri Lanka Tourism said.

Sri Lanka’s apparel sector and key industry trade unions signed a historic agreement that ensures business owners and employees work together to maintain continued vigilance on pandemic prevention, discuss issues of mutual interest and jointly part

The pandemic propelled the significance of the Information and Communications Technology (ICT) sector in the last three months like no other, to emerge as the fastest growing sector in the economy as many traditional economic activities shifted onlin

The Colombo Stock Exchange (CSE) is revising the index calculation methodology of the All Share Price Index (ASPI) from full market capitalisation-weighting to free float-adjusted market capitalisation weighting as notified to the market on November

Sri Lanka’s Provincial Gross Domestic Product (PGDP) out for 2020 reflected starkly divergent living conditions and the economic prospects confronting the people living in different regions in the country as each of their shares to the overall econ