UNIDIL Packaging Ltd fulfilling another social responsibility donated coffins, made-out of corrugated boards to the base Hospital- Dompe to support the process of cremation of Covid related deaths.

Abans recently launched the ‘Pivithuru Husmak – Saukkyarakshitha Hetak’ initiative by donating LG Anti-Virus Dual Cool Inverter air conditioners to the Meethotamulla Intermediate Care Centre operating under the National Hospital of Colombo, to

As the UK scraps off its Amber list, it will take, Sri Lanka alongside seven other countries, off the red list from Wednesday (22 September).

It is with great sadness that Overseas Realty (Ceylon) PLC announced the passing of S.P. Tao, Founder, Chairman and Director of the company, on August 24, 2021.

Recent economic pressures centred around the foreign exchange crisis prompted the government to impose strict import controls. The unpopular yet obligatory measures helped ease burgeoning pressure on the rupee but inadvertently led to the serious iss

Leaders of Sri Lanka’s apparel sector highlighted the industry’s prioritisation of employee safety through the adoption of and adherence to comprehensive health measures, while ensuring business continuity and thereby the industry’s sustenance.

Moody’s Investors Service yesterday said Sri Lanka’s external reserves remain still low even after taking receipts of inflows of around a billion dollars in the last couple of weeks, which helped the country to recoup part of the lost assets caus

Sri Lanka’s economy grew at a robust 12.3 percent in the second quarter of 2021 since late April as a result of an extremely low base in the corresponding period of the previous year, despite the COVID-19 virus-induced restrictions on economic acti

The Central Bank is upbeat on the possibility of Sri Lanka achieving an economic growth of 5 percent in 2021.

While the reset in the monetary and fiscal policies and, structural reforms such as import substitution and export promotion would provide a medium to long-term fix to the current external sector woes confronting the Sri Lankan economy, a quick fix c

Sri Lanka Tourism is gearing to unveil the second edition of ‘Couch Safari’ by live-streaming the Wilpattu National Park to the global audience.

SLTMobitel has teamed up with DP Education to launch ‘Videsa DP Education’, a dedicated educational channel on CH.215 of SLTMobitel–PEOTV, ensuring school children from Grade Five to Advanced Level have access to a high-quality learning experie

The Purchasing Managers’ Index (PMI) for both manufacturing and services activities shrank in August as the virus began spreading again with brutal force, forcing the government to re-impose lockdowns which dealt a blow on wider economic activities

Local banks have raised concerns on the usage of debit and credit cards for foreign currency transactions due to the current volatility in the market, and have started taking on their own a set of measures to minimise the hit on the sector.

Thornton Engineering, the Nextventures-owned civil engineering company, has announced the acquisition of a 100 percent stake in Dane Engineering (Pvt.) Ltd for Rs.350 million, creating a construction business with a combined portfolio of Rs.5.9 billi

The Motor Vehicle Industry Report, prepared by the Economic Intelligence Unit of the Ceylon Chamber of Commerce (CCC), provides a detailed analysis and overview of Sri Lanka’s motor vehicle industry, covering both 2019 and 2020.

The Planters’ Association of Ceylon (PA) and Plantation Human Development Trust (PHDT) announced major progress in their collective efforts to safeguard all residents of Sri Lanka’s estate community, with over 85 percent of the community across s

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has organised a webinar, which aims to provide a forum to discuss best practices and challenges in relation to dissemination of financial and non-financial information, which public l

Samsung, Sri Lanka’s No.1 smartphone brand, today announced that pre-ordering for its most powerful and premium foldable smartphones – Galaxy Z Fold3 5G and Galaxy Z Flip3 5G will start from September 16th.

Sri Lanka Tourism has geared up to unveil the second edition of ‘Couch Safari’ by live-streaming the Wilpattu National Park for the global audience.

The government yesterday sounded upbeat on the possibility of Sri Lanka achieving an economic growth of 5 percent in 2021.

Sri Lanka’s banks’ credit ratings are continued to be pressured by the challenging operating environment stemming from the weak sovereign credit profile and the lingering effects of the pandemic and its toll on the broader economy, according to F

While he knows that the governorship of the Central Bank at this juncture is a crown of thorns, he is ready to wear it with much happiness as challenges excite him, according to Ajith Nivard Cabraal, who assumed duties as the Central Bank’s 16th Go

Sri Lanka’s poor performance across multiple areas in the economy is linked to the economic governance of the country weakening over the years, despite an ever expanding public sector, according to some leading economists and practitioners of law i

The government has decided to appoint an expert committee to undertake a detailed study on the country’s unutilised mineral deposits, in order to come up with a programme to utilise such minerals formally for economic purposes.

Swiss-based IPEK S A Switzerland has expressed interest to infuse Rs.84 million into Tess Agro PLC via a private placement, subscribing to 168 million new voting shares of the company and consequently becoming the largest shareholder of the firm, sub

The Colombo Stock Exchange (CSE) yesterday announced the introduction of a new Over the Counter (OTC) platform to facilitate the repurchase (REPO) transactions on corporate debt securities, with effect from today.

As Sri Lanka is only two months away from its 2022 budget, the government is facing the tough choice between raising the taxes to bridge an expanding budget hole caused by the pandemic-induced disruptions and maintaining a stable tax policy, which th

Samsung, Sri Lanka’s No.1 smartphone brand announced that pre-ordering for its most powerful and premium foldable smartphones – Galaxy Z Fold3 5G and Galaxy Z Flip3 5G will start from September 16th.