Sri Lanka’s largest LP gas importer and supplier, Litro Gas Lanka announced a short while ago that a decision has been reached to ensure 12.5 Kg gas cylinders will be made available without a shortage.

In a groundbreaking move towards revolutionizing the transport sector, the Ministry of Transport and the Central Bank played lead roles to get the key stakeholders to sign a four-party agreement to introduce Sri Lanka Transit Card (SLTC) recently.

On the 26th of April each year, Intellectual Property (IP) Day is celebrated to draw public attention to the importance of IP rights in fostering creativity and innovation.

The Colombo Stock Exchange (CSE) has approved, an application submitted by Chrissworld Limited, for the listing of its Ordinary Voting Shares by way of an offer for subscription, and Initial Public Offering (IPO) is due to be opened on April 27th. Th

The Monetary Board of the Central Bank has issued priority sector lending targets to banks as part of its wide-ranging efforts to direct funding to the sectors identified as priority and deemed as high potential in generating jobs, export earnings an

World Bank Country Director for the Maldives, Nepal and Sri Lanka Faris Hadad-Zervos concluded a successful visit to Sri Lanka yesterday, where he reiterated the World Bank’s commitment to support Sri Lanka’s efforts towards recovery and to build

Making further inroads into the highly lucrative fabric manufacturing, Hayleys Fabric PLC last week acquired South Asia Textiles Limited from Ambeon Holdings PLC, for a consideration of Rs.3.95 billion.

The Cabinet of Ministers’ approval has been sought for introducing amendments to the anti-money laundering and countering the financing of terrorism (AML/CFT) laws in the country, to rectify their deficiencies and also to enhance compliance.

Meanwhile, fresh concerns of money laundering resurfaced when former Prime Minister Ranil Wickramasinghe said amendments should be made to the Colombo Port City Economic Zones Special Commission Bill, to prove that the centre created by the bill is n

The International Chamber of Commerce Sri Lanka (ICCSL) in a statement issued yesterday said, “The Port City project will have a significant impact on the economy, in terms of much-needed FDIs to the country, together with the potential new employm

The government has announced a 600-acre addition to the dedicated Pharmaceutical Manufacturing Zone located in the Arabokka estate in Hambantota, under phase two of the project, while the investors are set to secure the land plots under the 400-acre

The Colombo Stock Exchange (CSE) plans to implement a Delivery Versus Payment (DVP) mechanism for equity securities clearing and settlement, in May.

Central Depository Systems (Pvt.) Ltd (CDS), a fully-owned subsidiary of the Colombo Stock Exchange (CSE), has enabled e-IPO applications for the initial public offering (IPO) of Chrissworld Ltd, via the CSE mobile application.

The Central Bank has introduced a number of revisions to its existing laws governing the country’s foreign exchange dealings to facilitate easy passage of foreign currency, with a view to further ease the cross-border transactions and to provide co

Oil prices were broadly steady yesterday with support from a European economic recovery countered by persisting coronavirus concerns as infections surged to record levels in India.

SriLankan Airlines, the flag carrier of Sri Lanka, unveiled its refurbished office located on Sir Baron Jayatilaka Mawatha, Colombo 1.

Coffee drinkers, pet owners and home bakers helped to drive the biggest rise in quarterly sales at Nestle for 10 years, as the world’s biggest food group outshone Danone and set a high bar for Unilever.

The Government of Sri Lanka and World Bank signed a US $ 69.53 million credit agreement to improve dams and irrigation schemes covering 165,000 hectares of agricultural land and improve the management of watersheds and water resources, benefitting 35

SLT-Mobitel, the national telecommunications and mobile services provider, is revolutionising the market with an array of new unlimited any time Internet packages for fixed line and mobile customers, including prepaid and post-paid.

As part of its global initiative to advocate for greater diversity and inclusion, Allianz Lanka, one of Sri Lanka’s leading insurance companies, recently launched the Allianz Lanka Women in Leadership, Employee Resource Group (WIL ERG).

The Colombo Stock Exchange (CSE) has approved an application submitted by Prime Lands Residencies Limited for the listing of its ordinary voting shares by way of an offer for subscription.

With the suspension of the inaugural flight to Kushinagar Airport, India, it is likely that the travel bubble pursued between Sri Lanka and India to boost tourism be put on hold.

The Colombo Stock Exchange (CSE) has approved, an application submitted by Prime Lands Residencies Limited, for the listing of its Ordinary Voting Shares by way of an offer for subscription.

Deng Xiaoping, China’s great reform leader, faced a serious problem in the 1970s. Thousands of young Chinese were crossing to Hong Kong, risking their lives. Rather than cracking down on the migrants, Deng sought to understand why they were migrati

A leading Chinese academic and free trade zone expert urged Sri Lanka to consider joining the newly formed multilateral trade pact, the Regional Comprehensive Economic Partnership (RCEP), to reap the full benefits of China’s Belt and Road Initiativ

The banks with a higher exposure to dollar-denominated financial assets such as Sri Lanka Development Bonds (SLDBs) and Sri Lanka International Sovereign Bonds (SLISBs) are expected to make heavy foreign exchange gains from the depreciation seen in t

Sri Lanka’s largest private sector renewable energy producer WindForce Limited PLC yesterday said it is eying renewable energy projects in several countries and revealed plans to enter Bangladesh and Cameroon shortly.

Sri Lanka’s national prices measured by the National Consumer Price Index (NCPI) picked up pace in March, ahead of the traditional New Year shopping season, as increases were seen in categories such as transport, restaurants and clothing.

WindForce Limited PLC’s shares, which began trading yesterday, made a strong debut with the share closing over 15 percent higher compared to the offer price, amid significant foreign investor interest.

The Government of Sri Lanka and World Bank have signed a US $ 69.33 million loan agreement for the Kandy Multimodal Transport Terminal Development Project, which will develop the Good Shed terminal in Kandy.