Japan’s SARA Inc., the operators of the world’s largest high tech greenhouse, has selected Sri Lanka’s Riococo Lanka (Pvt) Ltd. as the exclusive supplier of growing media for their semi-closed green house functioning under a new climate control

Post-war Sri Lanka has seen a dramatic revival to its infrastructure growth. Over the past decade, high-rises, new cities and modern road networks have become an increasingly common sight, not just in the commercial capital of Colombo but throughout

The Sri Lanka Association of Software and Service Companies (SLASSCOM) plans to develop a national Artificial Intelligence (AI) policy for Sri Lanka, in six months, partnering with the public and private sector stakeholders.

The Korea International Cooperation Agency (KOICA) will provide a US $ 6 million grant to assist the vulnerable communities in five districts in Sri Lanka.

The Finance Ministry yesterday denied the recent media reports quoting the Opposition parliamentarians to the effect that state-owned People’s Bank would be privatised, saying such reports were completely “false and misleading”.

The World Bank has approved a US $ 310 million loan to reduce and mitigate the flood risks in the lower Kelani basin in Colombo and improve the weather forecasting and early warning systems across Sri Lanka.

(Colombo) REUTERS: Sri Lankan shares snapped a four-session losing streak to end tad firmer yesterday on block trading of select shares, bouncing back from a two-week low hit on the previous day, while the rupee fell on importers’ dollar demand, ma

The Securities and Exchange Commission (SEC) of Sri Lanka has filed action in the Magistrate’s Court Colombo Fort against two investors, on charges of having committed the offence of market/price manipulation with regard to the shares of E-Channell

Malaysia is awaiting the green light from Sri Lankan counterparts to officially commence negotiations on the proposed Free Trade Agreement (FTA) between the two countries. “We have already completed a feasibility study on th

(Colombo) AFP: Amnesty International raised yesterday fresh concerns that Sri Lanka may soon end a 42-year moratorium on capital punishment and hang 13 men convicted of drug offences.

The Sri Lanka delegation to the Human Rights Council briefed the Council yesterday on the progress made in addressing human rights concerns, national security imperatives, as well as reconciliation priorities.

(Colombo) REUTERS: Sri Lanka shares fell for the fourth straight session yesterday to hit a two-week low on foreign outflows, while rupee ended steady buoyed by dollar inflows into two new sovereign bonds launched a day ago, market sources said.

Sri Lanka raised US $ 2 billion from U.S. dollar bond markets on Monday, which the country’s Central Bank said is a testament to the international investor community’s continued support for Sri Lanka and their confidence in the country’s econom

The Central Bank of Sri Lanka together with LankaClear (Pvt.) Ltd (LCPL) achieved a significant milestone in the country’s payment landscape by launching the National Card Scheme (NCS). The NCS will be operated by LCPL in partnership with the int

Sri Lanka’s tourism industry last week urged the government to re-evaluate the airfare structure, to draw more European tourists to the country as a measure to support the industry during its recovery, in the aft

Fitch Rating has upgraded state-owned insurance giant Sri Lanka Insurance’s (SLI) national Insurer Financial Strength rating to ‘AAA(lka)’, from ‘AA+ (lka)’, with a Stable Outlook.

Sri Lanka’s small and medium-sized banks (SMBs) will have to brace for a turbulent period ahead, stemming from the weaker asset quality and pressure on profits among a host of other problems in a hobbling economy, Fitch Ratings said in a brief note

(Colombo) REUTERS: Sri Lanka rupee rose yesterday buoyed by hopes of dollar inflows into two sovereign bonds launched earlier in the day, while shares fell for the third straight session to hit a near two-week low on foreign outflows, market sources

Sri Lanka yesterday launched the second sovereign bond sale as the island nation looks to tap the global capital markets for the second time in three months, to meet the government expenditure and settle the

Colombo Dockyard PLC delivered its first ever cable-laying vessel ‘KDDI Cable Infinity’ last Friday, built for Kokusai Cable Ship Co. Ltd. (KCS) of Japan. The picture shows KDDI Cable Infinity at Colombo Port before setting sail for Japan on Satu

Laws concerning the proposed Southern Economic Corporation are being drafted currently and will be introduced soon, Prime Minister Ranil Wickremesinghe said over the weekend. He said Moneragala, Hambantota, Matara and Galle will be developed under t

The Ceylon Chamber of Commerce will celebrate the commencement of its 181st year on June 28 at the Cinnamon Grand Hotel, to coincide with its Annual General Meeting and the induction of Dr. Hans Wijayasuriya as the Chairperson for the year 2019/20.

The Ceylon Motor Traders Association (CMTA) is to formulate a future mobility plan for Sri Lanka with the assistance of Ceylon Chamber of Commerce, World Bank, Asian Development Bank (ADB) and a few internationally-renowned research agencies to devel

Sri Lanka’s food and commodities prices rose 3.5 percent during the 12 months to May as higher food prices mostly pushed up the index that measures the national level prices. However, it eased from 3.6 percent in April.

Private lender, Sampath Bank PLC last week said its directors were in discussion with a potential investor to place the undersubscribed shares of its Rs.12.1 billion rights issue. Sampath Bank offered 89 million shares at Rs.136 e

The ninth edition of Sancharaka Udawa, Sri Lanka’s premier travel and tourism fair was inaugurated yesterday at the BMICH, Colombo. This two-day fair will be open to the

BANGKOK (AFP) - Southeast Asian leaders are eager to sign a sweeping China-led trade pact by the end of this year, Thailand’s Prime Minister said yesterday, with further talks expected at a Bangkok summit on the world’s biggest commercial deal. B

The Minister of Development Strategies and International Trade Malik Samarawickrama has welcomed the Parliamentary approval received on Thursday to repeal the ‘Revival of Underperforming Enterprises or Underutilized Assets Act No. 43 of 2011’.

The Sri Lanka Tourism Promotion Bureau (SLTPB) is said to be currently evaluating the impact of its digital campaign launched in the UK and France recently. The evaluation data will be used in fine tuning the digital campaign before its scheduled la

HONG KONG (AFP) - Oil prices stabilised yesterday following the previous day’s surge fuelled by tensions between the United States and Iran, while Asian equities turned negative as investors took their foot off the pedal following a recent rally.