Sri Lanka’s Department of Commerce created history as it jointly launched the first ever ‘Policymakers’ Session on Digitalisation of Trade and Industries’ series by UNCTAD for UNCTAD member countries yesterday in Colombo.

The religious and communal violence that erupted in Kandy could end up stymying the momentum built up in the tourism industry over the past three months, as signs are emerging that foreign tourists are cancelling their visits to Sri Lanka.

Sri Lanka’s largest shipbuilder, Colombo Dockyard PLC (DOCK), is not hopeful of a recovery in the shipbuilding market over the short and medium term and will continue to focus on building niche, high-tech ships as a coping strategy, until the d

The International Finance Corporation (IFC), a member of the World Bank Group, yesterday partnered with the Colombo Stock Exchange (CSE) for the third consecutive year to ring the opening bell for trading to celebrate International Women’s Day

The tourism industry is working with the local authorities to ensure that the tourists visiting the Kandy area face minimal inconvenience, the state’s tourism office said.

Colombo Trust Finance PLC yesterday announced plans to raise Rs.600 million via a rights issue subject to the approval of the Colombo Stock Exchange and shareholders. 

East West Properties PLC has signed a letter of intent to sell the entire stake it owns in its subsidiary, Weligama Hotel Properties Ltd, the property owners of recently opened Weligama Bay Marriot Resort & Spa, to Singapore’s HPL Hotels &a

REUTERS: The Sri Lankan rupee ended weaker yesterday as importers bought dollars on fears that the local currency could depreciate further if communal violence in the central district of Kandy spreads to other areas, dealers said.

More than half the working population in Sri Lanka consists of women. But out of the total working age population, the share of employed women is only 18 percent. At the same time, around 80 percent of the economically active women of Sri Lanka are f

The quality of data used in every business is more important in today’s global business landscape. Our world is changing at a rapid pace as organizations and societies are digitizing faster and moving online and mobile to conduct business. We h

The Intergovernmental Panel on Climate Change (IPCC)’s report on “Climate Change 2014: Impacts, Adaptation, and Vulnerability” says: “Climate change without adaptation could potentially affect the farm livelihood and all aspec

Laugfs Gas PLC is planning to return to the black within one financial year, following its corporate restructuring process, which would happen over the next three months, edged along by the new liquefied petroleum gas (LPG) terminal in Hambantota.&nb

On the invitation extended by the National Chamber of Exporters (NCE), K. J. Weerasinghe Advisor to the Ministry of Strategy Development an International Trade, and Chief Negotiator of the Government, related to the free trade agreements (FTA) with S

Sri Lanka Institute of Information Technology (SLIIT) Vice Chancellor Prof. Lalith Gamage.

Tourism is an industry that is filled with endless opportunities. For example, being an experienced hotelier can guide a person to be an entrepreneur – to move into their own ventures such as to have five-star venues, boutique hotels and many m

Colombo Trust Finance PLC yesterday announced plans to raise Rs.600 million via a rights issue subject to the approval of the Colombo Stock Exchange and shareholders. 

Depositors of failed Central Investments and Finance PLC (CIFL) will receive up to a maximum of Rs.600, 000 per depositor following the cancellation of the finance company’s license, the Central Bank said.

Sri Lanka’s third largest private bank, Sampath Bank PLC, yesterday raised its interest rates on 12-month fixed deposits by 100 basis points to 11.5 percent, just a day after the Central Bank insisted that there is no short-term upward trend in

 Laugfs Gas PLC is planning to return to the black within one financial year following its corporate restructuring process which would happen over the next three months, edged along by the new LPG terminal in Hambantota.   

In a rare development, Sri Lanka’s banking sector new loans have turned negative in January as investments and consumption fizzled out amid the widespread uncertainty triggered by the volatile political landscape in the country. 

State-owned insurance giant Sri Lanka Insurance (SLI) has once again consolidated its position as the market leader in the general insurance sector in the island.  The company has emerged as the No.1 in general insurance with a healthy market sh

The talk that is doing the rounds in paradise is how a powerful ministering type has amassed so much of wealth that he is now forced to store it in a state bank under the name of a businessman belonging to a minority community.

A people representative came on the chit these days is a very unpopular man. After the local hustings the man went missing.

Credit Risk Management (CRM), as is understood and practiced following its introduction in Basel I way back in 1988, is fast undergoing seminal changes more so after Global Financial Crisis (GFC) - 2008.

There was much speculation that the general type would get the portfolio that was once with a close associate of a VVIP type.

The growth in premium incomes, specially from non-life business and stronger investment incomes, helped Ceylinco Insurance PLC to double its 2017 profits as the country’s largest life insurer filed its interim results with the Colombo Stock Exc

Based on its current projections, the Central Bank yesterday said it is not expecting an increase in market interest rates in the near term.

The Monetary Board of the Central Bank cancelled the licence issued to the troubled finance firm Central Investment and Finance PLC (CIFL), with effect from yesterday.

The government is hoping to open up the domestic air travel market to the private sector to set up a domestic airline, in a bid to boost connectivity within the country for high-end domestic and foreign tourists.

REUTERS: The Sri Lankan rupee ended firmer yesterday as dollar selling by exporters and banks outpaced demand for the greenback from importers, dealers said.