Labour Ministry eyes 3-4-year horizon to discontinue sending unskilled workers abroad Labour Minister Nimal Siripala de Silva recently announced that a special contributory pension scheme for migrant workers would be rolled out from January, next yea

Cycle Pure Agarbathi, a certified carbon neutral incense brand, strengthened its long-standing support for cricket by partnering with the Sri Lanka Cricket,

In a move to promote the gem and jewellery sector, a gazette notification for ordering gems worth up to US$ 3000 online received Cabinet approval this week.

The Economist ranked the Sri Lankan economy among the most vulnerable nations to the change in monetary policy by the United States (US) Federal Reserve next year, a move which could tighten liquidity conditions for emerging markets and the broader d

Sri Lanka’s ICT sector’s aim towards reaching the US$ 3 billion mark by 2024 requires fresh focus in the country creating its own Intellectual Property (IP), an endeavor that could be led by the budding startup ecosystem, the Information and Comm

Advocata’s Bath Curry Indicator (BCI), which tracks monthly price changes in a basket of commonly consumed food items recorded the highest retail prices in November since 2019.

Sri Lanka Tourism yesterday sounded upbeat in the efforts they are currently rolling out to lure international travellers and said they are confident of the island nation attracting at least half of the pre-pandemic arrival numbers in 2022.

The medium to long-term lending rates have finally begun to adjust upwards after weeks of resistance since the policy rate hike in August, which pushed up the prime lending rate and the Treasury yields higher until they started levelling off as of la

The United Arab Emirates is slashing its official working week to four-and-a-half days and moving its weekend to Saturday and Sunday in a major shift aimed at improving competitiveness, officials said yesterday.

The Sri Lanka Pakistan Friendship Trade and Investment Association yesterday expressed its concerns and strongly condemned the brutal murder of Priyantha Kumara last Friday (December 3) in Sialkot, Pakistan.

The University of Kelaniya signed a memorandum of understanding (MoU) with Ogilvy Digital, the leading digital technology agency in the country, to impart its industry expertise and knowledge for the university’s specialised Digital Marketing Degre

Nestomalt announced the second winner of its one-of-a-kind consumer promotion Salary for Life 2021.

Chevron Lubricants Lanka PLC, the nation’s lubricant market leader since 1992, has achieved new heights of product development and technology as its leading lubricant brand Delo took a monumental step forward in the lubricant market by proving an o

Aitken Spence Logistics, the pioneer in integrated logistics, strengthened its mobile storage solutions operations by acquiring the reefer and general purpose (GP) container fleet of a competitor business.

The lockdowns introduced in 2020 to curb the spread of COVID-19 saw the narrative ‘nature is healing’ gain prominence. However, the notion that nature, in the absence of people, was healing fizzled out fairly quickly with the emergence of fresh e

For the 11th consecutive year, MTI Consulting will be carrying out the CEO Business Outlook Survey in association with Wijeya Newspapers Group.

Christmas is a universal celebration which everyone is so eagerly looking forward to, each year all over the world.

Colombo is considered to be the most developed in terms of IT infrastructure and knowledge, however, it is not anymore the birthplace of ’’interesting’’ startups, says Information and Communication Technology Agency (ICTA).

Central Bank Governor Ajith Nivard Cabraal sees a rare silver lining for the country to transform its external sector and the debt profile to a much resilient and sustainable position, with the unique approach taken by the government to emerge out of

Accounting for 65 percent of all national exports and 85 percent of all national industrial exports, the Board of Investment (BOI) yesterday announced that the total export earnings recorded as at date for the year,

The trade unions at the BOI yesterday said they had decided to continue the protest against BOI Chairman Sanjaya Mohottala, who tendered his resignation last week but who is “trying to come through the back door”.

Sri Lanka recorded the highest tourist arrivals for a single month for this year in November, as the country saw the arrival of 44,294 tourists, surpassing the previous monthly high of 22,771 arrivals in October.

The cumulative outstanding credit card balance jumped the most in recent months in October, signalling faster recovery in consumer spending after people started venturing out, with the end of six-week long restrictions on movement on October 1. The

In a sign of defiance against the pandemic-induced hardships, the banking sector reported improved asset quality amid the other key performance readings for the period ended on September 31, 2021, signalling resilience of the sector to adversity.

The Central Bank has brought down its bill stock during the last couple of weeks, indicating that it was gradually unwinding its monetary stimulus unleashed by way of continuous purchasing of Treasury bills and bonds on behalf of the government, whic

Sri Lankan shares rose yesterday, after falling more than 2 percent in the previous session, helped by heavyweight industrial stocks.

Bank of Ceylon was awarded the coveted title of ‘Bank of the Year 2021 – Sri Lanka’ by The Banker Magazine U.K. at an event held in London recently.

While stressing on the need for greater independence of the Central Bank (CB) to conduct its core functions, instead of becoming the banker for the government, former CB Governor Dr. Indrajit Coomaraswamy urged the government to choose the least pain

The Metropolitan branch of People’s Leasing & Finance PLC (PLC) has relocated its Metropolitan Branch to Vauxhall Street, Colombo 02.

Allianz Insurance has announced the launch of a new brand campaign under the theme, “It’s Precious, That’s Why Allianz”.