Sri Lanka needs to add an estimated 11,000 MW to its power grid within the next two decades to meet the growing demand. Adding large-scale floating solar plants would not only make electricity greener and affordable but also improves Sri Lanka’s ov

In July this year, Bloomberg reported Sri Lanka as the national economy most at risk for defaulting sovereign debts in the Asia-Pacific region, with a 28 percent likelihood based on its debt default probability scale. Since then, we have succeeded in

In a relentless push towards modernisation and staying open throughout various lockdowns, the Colombo Stock Exchange (CSE) has experienced some remarkable changes over the last 18 months.

The official sponsor of the National Paralympic team for over two decades, Dialog Axiata PLC, congratulates the extraordinary achievement accomplished by Gold Medalist and new Javelin F46 world recordholder Dinesh Priyantha Herath and Bronze Medalist

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 Sri Lanka Tourism Developme

Pushing back on claims made to the effect of reversal in the monetary policy towards a hawkish stance from a dovish stance, the Central Bank said it hasn’t made a turnabout and the measures last week were predominantly aimed at addressing some of t

The Colombo Stock Exchange (CSE) has requested a root cause analysis from the system provider IronOne Technologies (Pvt.) Limited, regarding a disruption to the order management system provided to four stockbroker firms during trading yesterday, whic

Lakdhanavi Limited, Sri Lanka’s largest independent power producer (IPP), will continue to seek an equity partner to dispose up to 49 percent of its liquid natural gas (LNG) project titled ‘Sobhadanavi’, in a bid to reduce the leverage of the c

Indian ride-sharing giant Ola plans to raise up to US $ 1 billion through an initial public offering (IPO) and is finalising banks to advise on the fund-raise, three sources told Reuters, becoming the latest start-up to join the capital markets boom.

The Central Bank said it expects the economy to have recorded a double-digit growth during the second quarter ended in June, despite the virus-related restrictions took away much of its mojo, as the very low base effects during the same period last y

Dampening the gains made through March this year, Sri Lanka’s banking sector asset quality soured again during the April-June quarter, as broad-based payment holiday schemes came to an end while the economy went into a hibernation again with the vi

Sri Lanka’s one-year treasury yield widened the gap it had with the similar tenure bank fixed deposit rates, after the Central Bank last week raised the ceiling yield offered on the one-year treasuries, ahead of the weekly auction, a practice which

The Ambassador of South Korea to Sri Lanka Santhush Woojin Jeong paid a courtesy call on Finance Minister Basil Rajapaksa at the Finance Ministry recently.

The Sri Lanka Association for Software Services Companies (SLASSCOM) driven by their vision of generating US$ 5 billion in exports, creating 200,000 employment opportunities and 1,000 start-ups by the year 2025, recently launched the web portal www.s

The climate-tech startup Sustainability Labs has partnered with Good PR with the aim of introducing sustainability-based events & PR to the Sri Lankan market.

In an effort to support all players in the SME eco-system, the Ceylon Chamber of Commerce recently held a National SME Forum in collaboration with public, private and Non-Governmental sector organizations engaged in SME Sector development.

As part of its comprehensive and holistic employability offering, international education provider Study Group has introduced a new Quarantine Support Fund to help students study and work in the UK from September.

The hike in policy interest rates by the Central Bank of Sri Lanka (CBSL) in August 2021 marks a shift from stimulus to exit strategies in the pandemic era. Such recalibrations globally are focused on how to tackle the historically large debt-to-GDP

Deshamanya Professor W.D. Lakshman would have stepped into the Central Bank (CBSL) building for the first time in the early 1970s to get a foreign exchange permit to import a car after returning from Oxford.

Sri Lanka’s fiscal deficit expanded slightly despite higher revenues during the first six months of 2021 compared to the same period last year, made possible by the higher tax revenues collected during the first three months of the year from a burs

Despite a Central Bank policy rate cut and an ailing economy largely due to the fast-spreading COVID-19 pandemic, the Colombo Stock Exchange’s (CSE) market capitalization nearly touched the Rs.4 trillion mark last week amid markedly increased local

National telecommunications services provider, SLT-Mobitel has set the record straight on recent media reports claiming that the company managed the Lanka Government Cloud and provided services to the National Medicines Regulatory Authority (NMRA).

Credit to the private sector had continued to expand with vigour in July with little change from a month ago, underscoring Central Bank’s decision a fortnight ago to raise interest rates from record low levels, as it projected confidence over the c

Local confectioners and bakers received the Finance Ministry nod on Friday to import the required quantities of white sugar for the continuation of their industries, amid a massive spike in sugar prices in the local market due to the short supply of

The US central bank could begin withdrawing stimulus this year as the economy rebounds, the Federal Reserve’s chairman, Jerome Powell has said.

Recording its highest ever profit for a period of six months with a Profit Before Tax (PBT) of Rs.13.9 billion and a Profit After Tax (PAT) of Rs.11 billion, National Savings Bank (NSB) shows strength and financial resilience in performance amid the

LOLC with its robust MSME-based business model is expanding its global footprint with three parallel investments being made in Tajikistan in Central Asia as well as Malawi and Tanzania in East Africa.

The World Economic Forum has appointed Talal Rafi to its Expert Network and recognizes him as a global expert on entrepreneurship and gender equality.

SriLankan Airlines, the National Carrier of Sri Lanka and a member of the oneworld alliance, elaborates on the efficacy of the health and safety measures that are put in place throughout its passenger journey with the intention of ensuring maximum sa

The Association of Chartered Certified Accountants (ACCA) and The National Chamber of Commerce of Sri Lanka (NCCSL) announced the collaboration and signing of a Memorandum of Understanding (MoU) to equip local businesses and entrepreneurs in all regi