Sri Lanka has sought the assistance from the Food and Agriculture Organisation (FAO) to conduct a survey on the composition of Sri Lankan soil and grant a soil card to farmers.

The Board of Investment (BOI) of Sri Lanka yesterday announced that it had successfully administered the first dose of vaccinations against the COVID-19 pandemic to employees of all 14 export processing zones across the country, while carrying out a

The Ceylon National Chamber of Industries (CNCI), the pioneering chamber for industries in the country, has organised a webinar on tripartite agreement and payment of salaries during the restricted periods.

Kumar Sangakkara and Mahela Jayawardena need no introduction when it comes to the world of cricket. What may be less commonly known is that they are also intrepid entrepreneurs, seeking out meaningful, quality investments to positively impact everyda

Leading global premium streaming platform STARZ has launched its direct-to-consumer Over-The-Top (OTT) app ‘Lionsgate Play’ in Sri Lanka, expanding its presence in Asia, following the successful launch of Lionsgate Play in India, followed by Indo

Tourism ministry received the Cabinet nod yesterday to promote Sri Lanka as a favourable destination for digital tourists, an effort that would assist the hard hit industry to steer though the new normal.

Sri Lanka finally having opened up to appoint a full-time finance minister could be the solution to iron out the issues faced in the country’s public finance management, according to Colombo-based think tank Advocata Institute, as the role requires

The high and rising price inflation related to food during the pandemic adds to the list of concerns of the national economy, as the ongoing trend in food prices would have serious implications on poverty, senior economist Dr. Dushni Weerakoon said.

A press statement by the International Monetary Fund (IMF) Board yesterday said on July 9, IMF Managing Director Kristalina Georgieva submitted her proposal for a general allocation of Special Drawing Rights (SDRs) equivalent to US $ 650 billion to t

The government has infused fresh equity to the tune of Rs.45.7 billion to SriLankan Airlines in two tranches through April 2021, under the capital enhancement and restructure programme announced last year to help the airline stand on its own.

Brussels-based Belgian Investment Company for Developing Countries (BIO) has entered into an agreement with Sanasa Development Bank (SDB bank) to subscribe to 20 percent of the bank’s upcoming secondary public offering (SPO) by investing Rs.924.82

Sri Lanka’s banking sector performance indicators, including the mostly watched asset quality, capital adequacy, liquidity and shareholder returns, improved substantially in the first quarter of this year.

Sri Lankan shares closed higher yesterday, boosted by gains in industrial and consumer discretionary stocks.

For the first time in Sri Lanka’s history, Microsoft Corporation has recognised a Sri Lankan company with a main partner award during Microsoft’s Partner of the Year Awards for 2021.

Amidst adverse economic conditions, compounded by a month-long island-wide lockdown, JAT Holdings reported outstanding performance in 1Q of FY22, with a record revenue of Rs. 1.4 billion during the period.

CEAT Kelani Holdings has announced a production increase of 84,000 radial tyres per year for passenger cars and vans, in its second expansion in this segment within the past four months.

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), which has played a leadership role across the South Asian region over many decades to develop the accounting profession, conducted a programme aimed at facilitating technical support

Sampath Bank PLC has been recognized as Sri Lanka’s ‘Best Retail Bank’ and ‘Best Commercial Bank’ for the 8thconsecutive year at the World Finance Banking Awards organized by the World Finance magazine based in the UK.

Resistance to cashless transactions has rapidly given way to enthusiastic usage, as an unprecedented number of Sri Lankans are switching to digital banking channels, according to HNB Head of Cards, Gauthami Niranjan.

Sri Lanka’s premier Fintech conglomerate Epic Lanka has partnered with Credence Analytics (Pvt) Limited to deploy a fully-fledged wealth and custodian management solution for Bank of Ceylon.

In the backdrop of the global pandemic COVID-19 that impacted people and businesses, Fintrex Finance Limited strategically adopted a mutually beneficial methodology to assist and better manage its customers who faced difficulties in repayingtheir fin

The 5th AGM of LCBSL (Leasing Council of Bankers of Sri Lanka) was held recently where Kanchana Karunagama was appointed the new President taking over from outgoing President Gillian Edwards.

Expanding digital accessibility at a time of increasing demand for online transactions, Nations Trust Bank has entered into a strategic partnership agreement with Paycorp International to launch innovative and safer payment capabilities, benefiting b

Dubai-based carrier, Emirates has extended suspension of flights from four countries in South Asia, including Sri Lanka, from 14 Jul to 21 of July.

An oil spill incident was reported at the Hambantota International Port yesterday evening around 6 PM.

Vaccination drive for the tourism industry kicked off over the weekend and over 1000 employees attached to the sector in the Hambantota District received their first jab.

In collaboration with the University Grants Commission (UGC), Dialog Axiata PLC recently established ‘5G Innovation Centres’ at the Engineering Faculties of leading universities to create and incubate interest-driven learning, innovation and entr

The Central Bank was able to maintain net absorptions of foreign exchange amid the most difficult circumstances created in the domestic foreign exchange market with slowdown in inflows, and heightened outflows with regard to imports and other foreign

The Ceylon Petroleum Corporation (CPC) reported a net loss of Rs.45 billion during the first four months through April 2021, and the subject Minister had said the losses mounted to Rs.57 billion by May as oil prices in the global markets climbed, whi

The Colombo Stock Exchange (CSE) has decided to revisit the methodology of ASPI computation to determine the possibility of index movements being linked to the public float (as opposed to the total market capitalization which is the current practice)