Despite the economic adversity and a challenging environment, Sri Lanka’s national LPG provider Litro Gas ended 2020 with exceptional financial results that affirmed its position as the industry leader and a formidable entity in the Sri Lankan corp

Sri Lanka Tourism recently announced its plans to develop a ‘city tourism’ strategy to position Colombo as a tourism hub in South Asia.

A parking space has reportedly sold for a record-breaking US $ 1.3 million (HK$ 10.2 million; £930,000) in Hong Kong.

Following the success of the first batch of technical series 2019-2020, the Global Reporting Initiative (GRI) in collaboration with the Colombo Stock Exchange (CSE) is organising the second batch of the technical series titled ‘Preparing a Sustaina

‘Making of the Iconic Ahasa One Sky Bridge’, a TV documentary film that takes the audience on a behind-the-scenes journey of Colombo’s newest landmark, is set to be aired on Sunday, June 6, at 8:30 pm, on HiTV.

Global food prices have jumped at their fastest monthly rate in over a decade, according to the United Nations.

A number of programmes are being planned to expedite the production of organic fertiliser required for the Maha season, a media communiqué from the President’s Media Division this week said.

The Ministry of Tourism and Aviation announced a short while ago that travellers from South Africa and South America will not be able to disembark in Sri Lanka’s international airports with immediate effect.

Sri Lanka would no longer be able to target tourists from the UK as a decision has been taken to place the island nation on the red list.

The government is planning to list the country’s expressways and related assets via a State-owned business entity in the Colombo Stock Exchange (CSE) similar to Selendiva Investments Limited, which was established to hold key State-owned real estat

The Board of International Finance Corporation (IFC) has approved the proposed US$ 50 million financing facility for Sri Lanka’s MAS Holdings, to sustain its operations while preserving its workforce in the country.

Sunshine Holdings PLC yesterday said the International Finance Corporation (IFC) of the World Bank and its fully owned subsidiary, Sunshine Consumer Lanka Limited, have entered into a long-term loan facility of US$ 5 million subject to conditions.

National Development Bank PLC will be the first company in Sri Lanka to commence the development of a Video Know-your-customer (vKYC) as a part of the significant strides the bank has made in Sri Lanka’s fast evolving digital landscape.

Tourist arrivals to Maldives contracted in the month of May when compared with April, as it attracted a total of 64, 613 travellers.

The government will infuse as much as US$ 500 million to SriLankan Airlines during the next five years adding the much required capital to the national carrier, which is undergoing restructuring since last year, while retaining control under the Stat

As the disconnect between policymakers and the general public is only growing wider, World Bank (WB) Ex-Chief Economist (Acting) Dr. Shanta Devarajan stressed the need for Sri Lanka to bridge this gap so that it has a set of effective policies rolled

Sri Lanka’s struggling tourism sector could receive another major hit with the ongoing X-Press Pearl debacle not only leaving severe implications on marine biodiversity and ecosystem of the island nation, but also on the tourism sector, an industry

State owned retail network Lanka Sathosa will be open across the island from today as directed by the government to ensure the masses have access to food and essential items during the ongoing restriction period.

On the front page of The New York Times’ March 27 edition, a staggering chart illustrated the COVID-19-induced unemployment level in the US.

The capital market regulator, the Securities and Exchange Commission (SEC), has granted a one-month extension to listed companies to release financial statements, as requested by the Colombo Stock Exchange (CSE).

The pandemic-related restrictions have pushed over 500,000 people in Sri Lanka into the depths of poverty in 2020 alone, while the disastrous implications of the most recent round of controls on people’s lives and livelihoods are yet to be assessed

Cargills Bank Limited narrowed losses during the three months ended March 2021 (1Q21), as loans grew amid low interest rates and widespread optimism on future economic prospects, although the euphoria faded due to the resurgence of virus-related rest

The Cabinet of Ministers granted approval for state-owned SriLankan Airlines to move ahead with awarding ground handling service agents’ contracts at Bangkok International Airport and London Heathrow International Airport for a three-year period.

Top economist and senior banker Dr. Kenneth De Zilwa assumed duties as the fifth Chairman of LankaClear, after being appointed by Central Bank Governor Prof. W.D. Lakshman for a term of three years, effective from June 1, 2021.

The Cabinet nod was granted to award a Rs.220.8 million worth bid to Medmart Pharma (Pvt.) Ltd, to procure 32,000 vials of 100 mg/4 ml Denosumab injections to treat cancer patients.

Sri Lanka’s largest importer and supplier of LP gas, Litro Gas Lanka, is gearing up to establish an oxygen manufacturing plant and distribution network in Kerawalapitiya, to ensure the country does not fall short in its oxygen supply as it grapples

Access Engineering PLC reported stellar financial performance for the three months ended March 2021 (4Q21), due to the heavy demand for construction materials led by asphalt, for which the company commands the market leadership.

Sri Lanka’s largest importer and supplier of LP gas, Litro Gas Lanka is gearing up to establish an oxygen manufacturing plant and distribution network in Kerawalapitiya

Capital market regulator, the Securities and Exchange Commission (SEC) has granted a one-month extension to listed companies to release financial statements as requested by the Colombo Stock Exchange (CSE).

The Sri Lanka Association of Inbound Tour Operators (SLAITO) announced the launch of a helpline for its members, an avenue established to allow those in the industry to reach out for assistance to steer through the recurring challenges stemming from