The Cabinet of Ministers, concerned by the current pressure on foreign liquidity, which has been fast drying up, has decided to authorize a study to explore the possibility of further raising the amount of mandatory conversions out of export proceeds

Setting the record straight, the Central Bank Governor Professor W.D. Lakshman last week reiterated that there is neither a serious discussion nor intention to seek the support of the International Monetary Fund (IMF) to overcome the current economic

The Securities and Exchange Commission of Sri Lanka (SEC) along with the Colombo Stock Exchange (CSE) continue to drive digital advancement in Sri Lanka’s capital market with the launch of the second phase of the digitalization of the Stock market

Pressures on Sri Lanka’s economy have sent food prices soaring in recent months, and June witnessed the highest increase according to Advocata’s Bath Curry Indicator (BCI), which showed changes in food prices recording a jump to 14.3 percent.

While Sri Lanka will get over the near term foreign currency debt challenges with recent measures taken,

As 2021 hits its halfway mark, the Hambantota International Port (HIP) has recorded an overall growth in their volumes and diversification of services.

A friendly meeting between the High Commissioner of Bangladesh to Sri Lanka Tareq Md Ariful Islam and the Chairman of the Sri Lanka Ports Authority (SLPA) Capt. Nihal Keppetipola was held recently.

Maga Engineering has been awarded the contract for the design and construction of new Railway Operation Headquarters (OHQ) and Train Control Centre (TCC) in Maradana.

Emerald Sri Lanka Fund, a pioneering private equity fund that supports small and mid-sized businesses in Sri Lanka, has announced its divestment in Panasian Power PLC (PAP), one of Sri Lanka’s leading renewable energy solution providers and supplie

Sri Lanka Tourism is currently going through the worst crisis it has ever faced, with hoteliers and travel agents having virtually no business at all. Many smaller establishments face the real threat of bankruptcy or foreclosure.

It has been a decade since I left an organisation that had a profound effect on my career. In June 2011, I walked out of the Information and Communication Technology Agency (ICTA) for the last time as an employee of the ICTA. As I reflect on the tim

DIMO together with Innovation ThreeSixty recently announced the launch of Azend Technologies, a digital transformation, product and solutions development company.

Innovative smartphone and accessories brand Oppo recently announced an exciting promotion – Oppo Band Flash Sale – in which purchases made via the online channel from July 5 to 14, will be offered an attractive discount.

N-able (Private) Limited, Sri Lanka’s premier information and communications technology services provider, announced key appointments within its leadership team, as it gears up for the next phase of growth in a post-pandemic world.

Huawei Technologies Lanka, leading provider in ICT solutions, has been recognised among Sri Lanka’s 40 Best Workplaces for 2021 and has been certified as a great workplace by the independent analysts at Great Place to Work.

Technology company 99x announced the appointment of legal professional Shalini Ratwatte as its Chief Legal and Governance Officer.

Arimac, a leading digital solution provider, headquartered in Sri Lanka with regional offices in Australia, the Maldives, Trinidad and Tobago and the United Arab Emirates, announced it has achieved a Gold Competency,

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 entreprene

SLT-Mobitel, the national ICT, telecommunications and mobile services provider, has enhanced its SLT-Mobitel BizChat operation by introducing an exciting Facebook Chatbot, supporting small and medium enterprises (SMEs) to ramp up their business opera

Sri Lanka’s economy grew 4.3. percent during the first quarter of 2021, compared to a contraction of 1.8 percent in the first quarter of 2020, the data released by the Department of Census and Statistics (DCS) showed.

R I L Property PLC yesterday acquired 62 percent of renewable energy player Panasian Power PLC, for Rs.1.65 billion.

The United States is contributing to Sri Lanka’s economic resilience through the provision of a financial facility of US $ 150 million.

Additional interest up to 2 percent per annum will be extended for two years for Special Deposit Accounts (SDAs), the Central Bank said yesterday.

The Central Bank this week said local companies, barring companies engaged in the finance business, are permitted to purchase the International Sovereign Bonds (ISBs) issued by the Sri Lankan government in the secondary market.

Canada-based Ceylon Graphite Corp., which is involved in the exploration and production of graphite in historic resource jurisdictions in Sri Lanka, this week announced the execution of a memorandum of understanding (MoU) dated June 30, 2021, with tw

The Asian Development Bank (ADB) and Government of Sri Lanka yesterday signed loan agreements for US $ 150 million under the Asia Pacific Vaccine Access Facility (APVAX) for the procurement of vaccines and other related consumables.

MAS Intimates, the largest division of Sri Lanka’s leading apparel manufacturer MAS Holdings (Pvt) Ltd, established an Intermediate Care Centre consisting of 450 beds which was opened on July 1st.

Kalana Hewamallika, Chairman, Interpharm (Pvt) Ltd and Gamma Pharmaceuticals (Pvt) Ltd handed over a neonatal/pediatric ventilator, a prime requirement at the Lady Ridgeway Hospital (LRH) to Dr. Duminda Samarasinghe, Pediatric Cardiologist in respons

As part of its social stewardship initiative HNB Assurance PLC (HNBA) and HNB General Insurance Limited (HNBGI) recently made donations of urgently needed medical equipment and supplies to help in the fight against COVID-19.

Staff of Ceylinco Life engaged in a humanitarian operation in June to provide dry rations to daily wage earners who were unable to find adequate food for their families due to the travel restrictions imposed to curtail the spread of COVID-19 in the C