American multinational technology corporation, Microsoft Corp, yesterday launched the Imagine Cup competition 2022 for student developers across the world.

Singapore Airlines (SIA) today resumes daily services between Colombo and Singapore, increasing flight frequencies to seven times weekly from five weekly flights.

Sri Lanka’s trade deficit declined for the first time in six months on a year-on-year (YoY) basis in September to US $ 495 million, from US $ 525 million a year ago, as export income continued to grow in the month while import expenditure remained

The board of directors of the Colombo Stock Exchange (CSE) approved the revision of the index calculation methodology of the All Share Price Index (ASPI) at a board meeting held yesterday, to change its calculation basis from full market capitalisati

Sri Lankan shares rebounded to end higher yesterday, helped by gains in financial and industrial stocks.

Sri Lanka will not be able to welcome tourists from Turkey and those opting to fly into the island nation with Turkish Airlines, as the flag carrier has suspended flights to the country, due to COVID-19 concerns.

The government said there are neither plans nor space to immediately open up vehicle imports into the country, after the budget presented last week wrapped up without making any reference to the matter, dashing the hopes of many who waited for the bu

Hemas Holdings PLC had to contend with the soaring producer prices, as the company’s outsize consumer product manufacturing segment felt the brunt of the rising costs and the challenges in the foreign exchange market, sending the group profits down

Commercial Bank of Ceylon PLC reported robust top and bottom line performance, as the bank ploughed ahead with new loans, lower funding cost and cut provisions from last year, albeit setting aside a sizeable amount for possible bad loans, considering

Hatton National Bank PLC (HNB) saw a marginal increase in its profits for the September quarter (3Q21), despite the solid loan growth for the period, as the bank recognised additional provisioning in the quarter under review, on account of the sovere

Budget 2022 appears to be more of a stop-gap budget rather than one that sets out a framework on how revenues will continue to be mobilised and deficit financing requirements met over time.

The Information and Communication Technology Agency (ICTA) of Sri Lanka in collaboration with UNCTAD (United Nations Conference on Trade and Development) launched a Policy Paper on the Digital Economy of Sri Lanka at a virtual event held recently.

Loops Integrated – a creative-led integrated marketing agency acclaimed for their creative and digital marketing excellence, will now be an authorized reseller for Truecaller. Truecaller is well known in Sri Lanka for identifying contacts and block

Masters Corporate Education, the corporate education arm of Sri Lanka Technological Campus (SLTC), is launching Sri Lanka’s first-ever blockchain and crypto summit.

Sri Lankan tech startup incubator and accelerator StartupX Foundry recently launched its entrepreneurship initiative, ‘Vyawasayakayanta Athwelak’, a knowledge sharing platform that aims to bridge the gap in entrepreneurial knowledge pertaining to

Economic policy think-tank, the Institute of Policy Studies (IPS) yesterday called Budget 2022 a “stop-gap” budget rather than one that would set the framework for revenue mobilization, which is imperative given the current juncture the national

A total of five farmer groups consisting of 254 farmers has been able to obtain organic certification from internationally accredited certification bodies and are able to have improved access to international markets following the implementation of t

The one time surcharge tax imposed retrospectively on individuals and companies from the budget 2022 immediately ignited debate to make it the hot button issue among private sector stakeholders due to its violation of basic tax principles such as equ

Sri Lanka last Friday announced plans to securitise the remittance inflows surrendered to the Central Bank in a bid to raise medium term foreign currency funding aimed at easing the pressure on the domestic foreign exchange market until inflows from

The Central Bank yesterday rejected claims by certain parties to the effect of forcible conversion of worker remittances into rupees under the proposed SFA, calling such claims, “completely unfounded”.

Expolanka Holdings PLC will be included in the MSCI Frontier Markets Index for the first time replacing Commercial Bank PLC after November 30th this year.

The hard-hit tourism sector players expressed their displeasure on the Budget 2022 as despite much hope for State support for a quick recovery, the industry was largely ignored in the government’s policies proposed for the coming year.

National Development Bank PLC (NDB) reported higher profits for the three months to September (3Q21) as the bank defied the fresh challenges that stemmed from virus-induced restrictions to maintain its growth momentum set off at the start of the year

Sampath Bank PLC’s profits soared in the three months to September, despite higher provisions for loans and other assets as the lender benefitted from the steep decline in interest expense, higher fee incomes and foreign exchange gains made possibl

While raising concerns on potential policy confusions within the Budget 2022, Opposition party lawmaker and economist Dr. Harsha de Silva on Saturday unleashed a verbal barrage on Budget 2022 presented by Finance Minister Basil Rajapaksa a day ago,

The Budget 2022 that was presented last Friday by Finance Minister Basil Rajapaksa did not propose any policies that would bring about adhoc changes that are difficult for the general public to comprehend, Central Bank Governor Ajith Nivard Cabraal s

Aitken Spence PLC reported an impressive growth of 388 percent from its earnings before interest expense, tax, depreciation and amortisation (EBITDA) of Rs. 2.9 billion compared to Rs. 595 million in the 2Q of the previous year.

Hambantota International Port Group (HIPG) and the Board of Investment of Sri Lanka (BOI) signed a cooperative ‘Shared User Services’ Memorandum of Understanding (MoU) on October 26th.

Budget 2022 has signalled policy continuity in terms of maintaining mainstream corporate tax rates and investment incentives continuing from end-2019, according to the Ceylon Chamber of Commerce (CCC).

The highly awaited annual budget seminar, organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), will be held today featuring top government officials and business leaders, who will share their insights and observations on t