The Board of Investment (BOI) of Sri Lanka recently signed an agreement with Rakshaa (Pvt.) Ltd, for the expansion of its existing operations, which will now include high-quality ladies fashion garments and sportswear.

Legendary Singaporean investor and the Chairman of Overseas Realty Ceylon PLC S.P. Tao has passed away at the age of 105 in Nanjing, China.

The government today said the country is not facing any food shortages at present and the reduced access to essential commodities are due to traders hoarding stocks.

Responding to recent media reports regarding two former Joint Chief Operating Officers Reyhan Morris and Sandun Hettige of Asia Capital PLC, a top official of the company said there was no internal investigation carried out on the conduct or actions

Fresh berries lovingly nurtured in Sri Lanka under the brand name, ‘BerryMuch’ will be launched in Sri Lanka. Harvested in the salubrious environs of Elpitiya Plantations PLC, the leading plantations company brings the fresh goodness of ‘BerryM

A United States-based frontier market equity investment fund said it experienced up to more than a month delay in receiving its sales proceeds after it exited its positions in Sri Lanka’s equity market.

In a fresh attempt to rebuild the country’s foreign reserves ahead of external debt services running into billions next year, the Finance Ministry this week called for proposals from banks, investment houses and institutional investors to raise a f

Sri Lankan shares closed at an all-time high yesterday, helped by industrial companies and a surge in conglomerate Expolanka.

The economic recovery of Sri Lanka requires the government to take a fresh look at its policies; however, the urgent need is to increase its participation in international trade, for which it is imperative to redefine the current tariff structure, sa

Sri Lanka has declared an economic emergency, after a steep fall in the value of the South Asian country’s currency caused a spike in food prices.

Sri Lanka’s drive to become the world’s first 100 percent organic food producer threatens its prized tea industry and has triggered fears of a wider crop disaster that could deal a further blow to the beleaguered economy.

Bank of Ceylon (BOC) has partnered with UnionPay International (UPI) to offer UnionPay QR code payment service in Sri Lanka.

National Development Bank PLC and its subsidiary company NDB Investment Bank Ltd. together clinched seven awards at the recently concluded Asian Banking and Finance Awards 2021, organised by the Asian Banking and Finance Magazine of Singapore.

Janashakthi Insurance PLC saw its premium incomes continuing its ascent during the three months ended in June (2Q21), specially from new life policies, as the uncertainties brought about by the pandemic since last year, set off a robust demand for li

The dream of living in one’s own home has become more affordable with Commercial Bank of Ceylon once again announcing its special Home Loans promotion which offers reduced interest rates starting from 7 percent to government and public sector salar

The Ceylon Petroleum Corporation (CPC) is a fully State-owned enterprise that engages in the selling and distribution of fuel in Sri Lanka.

Sri Lanka’s rubber plantations are potentially on the brink of being wiped out, battered by a fast-spreading leaf disease and the sector could be nearing the ‘point of no-return’, commercial rubber growers claim, requesting for urgent governmen

Maruti Suzuki, India’s biggest car maker announced this week that its vehicle production will contract by 60 percent this month as the company faces challenges in sourcing chips due to a global shortage of semiconductors.

Sri Lanka has received Special Drawing Rights (SDRs) to the equivalent of US $ 787 million from the International Monetary Fund (IMF) under the multilateral lender’s latest US $ 650 billion SDR allocation, the Central Bank said.

The government has approved a US$ 783 million aloe vera -based herbal medicine manufacturing project titled ‘Dry Zone Rural Economic Development Aloe Vera Project’ in the Anuradhapura District targeting exports.

Although the government is yet to reach a definite decision whether to go to the International Monetary Fund (IMF) or not, it has begun preparations for austerity measures such as freezing new recruitments and restructuring welfare programmes in orde

As the government officially adopted the policy to meet 70 percent of the country’s electricity generation from renewable energy sources by 2030, the Cabinet nod has been given to call for proposals of Expression of Interests (EOIs) for solar and w

The global live streaming of the Kandy Esala Perahera that was facilitated by Sri Lanka Tourism this year reached nearly 16,000 viewers across the globe making the online promotion effort during the pandemic a success,

The Cabinet nod has been finally given to enter into an agreement with the International Bank for Reconstruction and Development (IBRD) of the World Bank (WB) to secure US$ 92 million funding for the phase one of revised Climate Resilience Multi-Phas

Sri Lankan shares ended at an all-time high yesterday, driven by gains in industrial shares.

Insurance companies added significant amount of assets into equities and unit trusts in a bid to beat lower yields from the government securities but the uptrend in the yields of the latter will largely enhance their profits predominantly via higher

Sri Lanka’s outstanding public debt rose by a little under Rs.1.5 trillion in the six months to June 2021 as the virus resurgence and the resulting restrictions pushed the country into further debt amid losing crucial tax revenues, debt repayments

Asian Development Bank (ADB) President Masatsugu Asakawa received unanimous support for a second term as ADB President from the members of ADB’s Board of Governors voting in the recently concluded election.

The Association of Chartered Certified Accountants (ACCA) Sri Lanka recently held its new member ceremony virtually, to celebrate the achievement of 225 new ACCA members attaining this milestone during the last two years.

The Institute of Certified Management Accountants of Sri Lanka (CMA) will conduct a webinar, free of charge, on ‘Embedding Priority UNSDGs in Corporate Strategy’, on Thursday, September 2, 2021, from 6:00 p.m. to 7:30 p.m., via online Zoom platfo