In what seemed to be a reversal from a long spell of weak performance, Sri Lanka’s non-bank finance sector came out with some improved financial performance in the September quarter, as reflected from a variety of indicators, although it remains st

An American think tank has accused IT services major HCL Technologies of wage theft by underpaying thousands of skilled migrants on H-1B visas. Based on its analysis of an internal HCL document, the Economic Policy Institute (EPI) has claimed that th

The Tourism Ministry has selected nine more sites to be transformed and developed into sustainable tourist destinations, which will be done with the support extended by the United Nations Development Programme (UNDP).

Sri Lanka’s Index of Industrial Production (IIP), a key gauge of the country’s industrial sector dynamism, which dipped in September, picked up in October, as the country lifted its virus-related lockdowns, unshackling the industrial activities.

REUTERS: Sri Lankan shares jumped over 2 percent to a record close yesterday, extending gains for the third straight session, boosted by rallying financial and industrial shares

After a sought-after IPO that was oversubscribed within hours on the opening day, the shares of Sarvodaya Development Finance Limited (SDF) will be listed and commence trading on the main board of the Colombo Stock Exchange (CSE) today.

Except a few, nearly all sectors representing the Colombo bourse helped propel the September quarter earnings to an all-time high, while the diversified financial and banking topped once again, leading the sector-wise earnings, which reached a mammot

Microsoft recently held a virtual launch event for its upcoming Imagine Cup Southeast Asia News Markets Regional Competition, an annual innovation challenge for students and technology enthusiasts.

Aeturnum, a global software company headquartered in Boston, Massachusetts, with its world-class engineering facility based in Colombo, saw its revenues plunging double in 3Q, 2021 to over US $ 2 million from the same quarter last year and its team e

Eguardian has announced the appointment of Mafaz Fahrid as Chief Executive Officer (CEO), with effect from July 1, 2021.

Huawei, the leading technology solutions provider, will soon be launching the Huawei MateView GT 27-inch curved high-refresh monitor, offering Sri Lankan consumers the chance to experience a bigger vision with 2K resolution, gaming level 165-Hz refre

ViewSonic Corp., a leading global provider of visual solutions, introduces a brand-new series of monitors ideal for toggling between word documents and gaming worlds seamlessly.

Senhasegura, one of the leading global privileged access management (PAM) vendors, is currently making its presence felt in Sri Lanka too.

Samsung Sri Lanka recently announced the official launch of One UI 4, which will roll out first on the Galaxy S21 series, including Galaxy S21, Galaxy S21+ and Galaxy S21 Ultra starting today.

DFCC Bank, the premier commercial Bank in Sri Lanka, was recently awarded as the Tactical Campaign Innovator of the Year, at the prestigious Daraz Payment Partner Performance Awards.

People’s Bank has stepped forward to support the Immigration and Emigration Department by establishing a new banking counter at ‘Suhurupaya’, Battaramulla, recently.

It’s time to say goodbye to a harrowing 2021 and welcome the new year in style. To help the bank’s beloved customers, NDB has introduced a series of unbeatable discounts via NDB cards.

The owners of Kia vehicles can now enjoy instant access to maintenance services and information thanks to the launch by Kia Motors (Lanka) Limited of a mobile application that brings all sales and aftersales services offered by the company to the fin

Sathosa Motors PLC has opened its newest outlet at No. 264, Katugastota Road, Kandy, where genuine spare parts for Isuzu vehicles are available at reasonable prices.

Conforming with the health and safety regulations issued by the Government of Sri Lanka in light of the prevailing pandemic, the Classic Car Club of Ceylon (CCCC) held its 29th Annual General Meeting virtually – a first for the club.

DIMO, one of the leading diversified conglomerates in Sri Lanka, recently introduced the new and improved WD-40 Specialist range to the local market, as the sole distributor for WD-40 in Sri Lanka.

In the years between 2007-2009, global economies experienced the Great Recession – a general decline across national economies, one which was concluded to be the most severe economic and financial meltdown since the Great Depression during the 1930

Indian multinational information technology services, HCL Tech, which has centers across the world, including Sri Lanka, has been accused by American think-tank Economic Policy Institute (EPI) of wage theft in the US.

Sri Lanka’s growing aging population will receive improved focus by the United Nations (UN) as efforts are underway to further strengthen capacitated Senior Citizen Committees (SCCs) in the Southern province.

With the government’s current approach appearing to be failing in its ability to meet upcoming external debt servicing commitments, the Colombo-based policy think tank Advocata Institute urged the government to roll out a broad reform package targe

Among a number of other bilateral arrangements that are currently being worked out to shore up the country’s foreign currency reserves which fell to dangerously low levels in November, the Central Bank is working towards entering into a billion dol

Sri Lanka’s plantation sector, which was once a dominant industry generating the lion’s share of exports income and economic value addition, is now confronted with a bevy of issues threatening its long-term viability, but untangling those require

Renewable energy developer Resus Energy is to raise up to Rs.1.2 billion via a listed debenture issue.

Sri Lanka’s producers continue to grapple with persistently higher prices across their supply chains amid still high global commodities prices caused by the wider mismatch between demand and supply around the world, which has been exacerbated by th

US employers hired only 210,000 more workers in November, missing economists’ predictions for stronger growth.