Sri Lanka’s tea industry is set for a year of modest growth in 2025, despite facing several challenges and uncertainties, an analysis by Forbes and Walker Tea Brokers showed.

India’s IndiGo becomes the largest foreign carrier out of Sri Lanka, with it operating 54 weekly flights. The airline operates to two cities in Sri Lanka – Colombo and Jaffna, from four cities in India – Bangalore, Chennai, Hyderabad and Mumbai

Sri Lanka’s investment promotion agency, the Board of Investment (BOI), yesterday announced the digitisation of some of its key functions, in an effort to provide an efficient service with minimal human intervention, eliminating the need for paper

The first sale of the year began on a positive note, with the tea prices reflecting a firm to dearer trend, perhaps emanating from a combination of an absence of an auction last week, declining volumes and recent depreciation of the Sri Lankan rupee,

Sri Lanka must prioritise women’s participation in the business and decision-making roles as a strategic necessity for economic growth, Prime Minister Dr. Harini Amarasuriya said, asserting the need for greater gender inclusivity in the corporate s

Sri Lanka’s women entrepreneurs gained recognition at WCIC Prathibhabhisheka – Women Entrepreneur Awards 2024, which celebrated the achievements of 28 business leaders, the organisers said.

Indices closed in green as a result of price gains in counters such as Hatton National Bank, Hatton National Bank nonvoting and LOLC Holdings with the turnover crossing Rs. 3.7 Bn. High net worth and institutional investor participation was noted in

The Chamber of Young Lankan Entrepreneurs (COYLE) continued its legacy of fostering economic growth and innovation in Sri Lanka with a remarkable series of initiatives in 2024.

In a dazzling display of creativity and innovation, Softlogic Life, illuminated Colombo’s night sky at Galle Face Green with a festive spectacle like never before.

Hemas Consumer Brands (HCB) partnered with the Sri Lanka Red Cross Society to support 5,000 families affected by the recent floods in the Eastern Province.

Denta, a leader in oral healthcare, recently announced the growing success of their “Wadena Sinahawata Dental Sathkaraya” initiative. With a mission to raise awareness on the importance of oral health,

Atlas marked 22 years of impactful collaboration with the Atlas ‘Sip Savi’ initiative and Ridee Viharaya, once again empowering over 50,000 Sri Lankan schoolchildren by providing equal education opportunities.

Ceylinco Life recently conducted a free medical camp in Neluwa in Galle under the company’s ‘Waidya Hamuwa’ community health programme, ending 2024 with 12 such camps that benefitted more than 2,600 people.

The Commercial Bank of Ceylon has announced a milestone partnership with the National Water Supply and Drainage Board (NWSDB) for the launch of a massive countrywide community-centric programme to plant another 100,000 trees.

The secondary market yield curve witnessed a day of mixed sentiment amidst the presence of both buying and selling activity.

The Nestlé Coconut Development Plan was expanded recently, benefiting 500 rural families in the Northern Province.

Prime Lands Residencies PLC has achieved a momentous victory at the TAGS Awards 2024, securing the prestigious Gold Award in the Land and Property Companies Sector. The Gold Award represents the company’s steadfast commitment to corporate excellenc

First Capital Holdings announced the renewal of its Platinum sponsorship with the Ceylonese Rugby & Football Club (CR&FC) for the ongoing rugby season.

Pelwatte Dairy announced that it is the main sponsor of Sri Lanka’s Largest Cake event, a noteworthy and historic endeavor put together by Swarnawahini in association with Sri Lanka Institute of Tourism and Hotel Management (SLITHM).

Sri DaladaMaligawa and People’s Bank jointly unveiled the ‘Sisu Diriyata Bodu Saviyak’ social service programme during the Central Province Scholarship Award Ceremony of the Sri Lanka International Buddhist Academy Centre held at its auditorium

Seylan Bank PLC partnered with the Kedalla Art of Living 2024 Exhibition as its Title Partner for the 12th consecutive year. The much anticipated lifestyle exhibition attracted over 12,000 visitors seeking innovative lifestyle solutions.

Union Assurance achieved a monumental milestone at the 15th National Forum for Life Insurance Advisers (NAFLIA) Conference held recently at the Monarch Imperial.

The Finance Ministry announced a 6% increase in Excise Duty on liquor, effective from tomorrow, as per a Gazette notification.

The Ceylon Tobacco Company (CTC) has announced that, following the increase in Excise Duty, cigarette prices will be raised under four categories starting from January 11, 2025.

Port City Colombo celebrated a milestone today with the groundbreaking of the Marina Development, a joint venture between Browns Investments PLC, the strategic investment arm of LOLC Group and China Harbour Engineering Company.

The public consultation session on the Western Province electricity tariff revision will be held at 9 a.m. today at the Bandaranaike Memorial International Conference Hall (BMICH), the Public Utilities Commission of Sri Lanka (PUCSL) announced.

The Sri Lanka Transport Board (SLTB) luxury bus service is now available between Bandaranaike International Airport (BIA) and the Makumbura Multimodal Center (MMC) in Kottawa, providing greater convenience for travellers, the Civil Aviation Authority

The Central Bank of Sri Lanka conducted its first T-Bond auction for the year, expecting to raise Rs. 190.0bn.

The government announced that it rolled out a Rs.10 billion loan facility under a subsidised interest rate for Small and Medium Scale (SME) Paddy Millers and Cooperative Societies to purchase paddy in the Maha Season 2024/2025.

On the heels of the Central Bank transitioning to a single policy rate from a dual policy rate structure for implementing and communicating the monetary policy, the Central Bank said it is currently in the process of reviewing the Statutory Reserve R