Sri Lanka will see the setting up of a sea cucumber processing plant in Jaffna with Board of Investment (BOI) having inked an agreement with a local entity.

The Chinese-owned Thomas Cook brand relaunched yesterday as an online travel agency following the British group’s collapse last year.

Blackstone Group Inc. and Partners Group Holding AG were said to be the two remaining bidders vying for a controlling stake in Piramal Enterprises Ltd.’s glass unit, the parent of Sri Lanka’s Piramal Glass Ceylon PLC, according to a report by Blo

Muhammad Najam Shamsuddin is the newly appointed Managing Director & CEO of Chevron Lubricants Lanka PLC and Managing Director for Chevron Ceylon Limited (CCL).

The Purchasing Managers’ Index (PMI) data for August showed both manufacturing and services activities expanding during the month indicating that the broader economy is maintaining the momentum it gained since May with the easing of restrictions, w

Sri Lanka ranks 83 among 162 jurisdictions on the Economic Freedom of the World index, a position it has secured by gaining 15 places over the last year.

Sri Lanka will see the setting up of a sea cucumber processing plant in Jaffna with the Board of Investment (BOI) having inked an agreement with a local entity.

The tourism industry was one of the World’s largest and fastest growing industries just 9 months ago. Today, amidst the throes of the COVID crisis, it is all but devastated and gasping for breath.

Perhaps, micro credit to some and micro finance to others is the term used, misused and abused in many recent discourses on economic recovery following the COVID-19 pandemic.

SoftBank-backed home-selling platform Opendoor is going public through a merger with a blank-check company led by venture investor Chamath Palihapitiya in a deal that will value the combined entity at US$ 4.8 billion, the companies said yesterday.

Sri Lanka’s output will contract by 5.5 percent in 2020 before recovering to 4.1 percent growth in 2021 as the country is recovering from the heavy economic toll caused by the pandemic on the livelihoods and businesses, according to Asia Developmen

Ceylon tea risks losing Iranian market permanently as India makes significant gains in tea exports to Iran despite US imposed unilateral sanctions, a senior industry official warned.

The Colombo bourse yesterday saw little over Rs.970 million net foreign outflows with net foreign sales at John Keells Holdings PLC amounting to Rs.809.5 million, the stock market data showed.

Sri Lanka’s cement production and imports bounced back strongly in June by 42.6 percent year-on-year (YoY) indicating a considerable pick up in construction activities in the month emerging from COVID-19-induced disruptions, according to Central B

Price competition among non-life insurers is projected to intensify in the short-term amid the slowing down of new vehicle registrations, but the sector is expected to speed up expansion into non-motor business to make up for the lower motor insuran

The policy direction set out by the government would lead to another economic shock, preventing a ‘V-shaped’ recovery as anticipated and triggering a ‘W-shaped’ recovery path instead, a leading equity research house based in Colombo said.

Local foodies will be able to taste Sri Lanka’s food heritage come October with Lanka Exhibition & Conference Service (LECS) organising ‘The Street Food Festival’ to promote the nation’s cuisine.

Developing Asia will witness dampened economic growth this year, a contraction that will take place for the first time in six decades, the Asian Development Bank (ADB) said.

The micro, small, and medium enterprise (MSME) sector in Sri Lanka accounts for 90 percent of all businesses in the country, provides 45 percent of employment, and contributes 52 percent to the nation’s GDP.

Digital Transformation has become the talk of the town after the coronavirus pandemic and most private and public sector companies have had to adapt overnight to the new norm.

The Central Bank, together with financial institutions and LANKAQR, last weekend launched the Ratapuraama LANKAQR public awareness campaign in Matale, under the theme of ‘Mataleta LANKAQR’ (Taking LANKAQR to Matale). The chief guest of this inaug

Moody’s Investors Service has flagged concerns about possible constrains to Sri Lanka’s ability to have continued flexibility in its monetary policy, as the country is set to settle a billion dollar bond next month, using its external reserves, w

Sri Lanka’s trade deficit narrowed by US $ 509 million in July 2020 to US $ 209 million, from US $ 717 million in July 2019, as exports increased while imports recorded a decline.

CNBC, the world’s leading channel for consumer and business news, extended its support to Sri Lanka Tourism by providing US $ 100,000 worth of advertising on CNBC, gratis.

The United Nations Development Programme (UNDP) has partnered with Brandix Apparel Limited to promote renewable energy in Sri Lanka through the facilitation of model fuelwood plantations for a sustainable energy supply in Sri Lanka.

Sri Lanka’s manufacturing sector is ploughing ahead, beating the odds of the pandemic-induced disruptions, as the Index of Industrial Production (IIP) has reached pre-pandemic levels in July, with major manufacturing activities advancing ahead desp

The Delegation of the European Union (EU) to Sri Lanka and the Maldives in collaboration with the University of Peradeniya announced the EU-funded Capacity Building for Higher Education (CBHE) projects for 2020, on September 10, 2020.

State Pharmaceutical Corporation of Sri Lanka (SPC), the state-owned manufacturer and distributor of medicinal drugs, is considering expanding its reach significantly by establishing 100 new drug stores within the retail outlets of Sathosa and Co-op

President Gotabaya Rajapaksa has instructed officials to implement a short-term and long-term plan in collaboration with the public, private sectors and small-scale farmers to meet the local demand for liquid milk.

State Pharmaceutical Corporation of Sri Lanka (SPC), the State-owned manufacturer and distributor of medicinal drugs is considering expanding its reach significantly by establishing 100 new drug stores within retail outlets of Sathosa and Co-op Super