While Sri Lanka welcomed the credit rating upgrades by Fitch Ratings and Moody’s Investors Service, which placed the island nation out of the default status, S&P Global Ratings maintained its selective default (SD) sovereign rating.

The Environment Ministry this week instructed all businesses and individuals involved in importing hydrofluorocarbon (HFC)-based products, to complete the mandatory registrations and obtain their HFC quotas for 2025.

The lack of networking opportunities for women entrepreneurs in Sri Lanka is a significant barrier that limits their ability to thrive in global trade, according to the Export Development Board (EDB).

Home Lands Skyline announced it has acquired five acres of premier land located in Negombo for a US $ 40 million landmark development project.

Visa, a global leader in digital payments, has urged the shoppers to exercise caution as fraud schemes surge during the holiday season.

Indices closed in green as a result of price gains in counters such as Hatton National Bank, National Development Bank and Sampath Bank with the turnover crossing Rs. 10.2 Bn.

The secondary market experienced a lethargic trading session towards the year end as the secondary market yield curve remained broadly unchanged.

Club Hotel Dolphin, Waikkal, a standout property in the Browns Hotels & Resorts portfolio, clinched the award for the Best 4-Star Resort in Sri Lanka at the prestigious 7th Sri Lanka Tourism Awards, organised by the Sri Lanka Tourism Development Auth

Singer Group’s outstanding success at the TAGS Awards 2024, highlighted by two Gold Awards and multiple recognitions, underscores its unwavering commitment to corporate excellence and its dedication to sustainable and responsible business practices

The TAGS Awards Committee of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) announced HNB Finance as the Bronze award winner in the Non-Bank Financial Institutions (Total Group assets between Rs. 25-75 billion) category at the TAG

Asia Capital PLC, along with its majority owner Dato Vijay Eswaran, has categorically denied recent claims circulating on social media that MAC Holdings has made a formal offer to acquire a majority stake in the company.

Ceylinco Life has brought 2024 to a close on a victorious note, winning a total of 13 awards, 11 for distinction in financial reporting and two for brand excellence.

Everbolt Engineering Pvt. Ltd., has clinched three awards with Silver for the Best Entrepreneur of the year (Overall winner), gold for Best Innovative Enterprise and gold for Best Enterprise of Service Sector under medium category at the Western Prov

Great Place To Work Sri Lanka has partnered with Parenthood Global to conduct a study that will celebrate and promote organizations that prioritize parent inclusivity.

At the highly anticipated Kellogg’s Asia Expansion Markets Annual Meet 2024, held in Kathmandu, Delmege took center stage by winning two of the most coveted awards – the Best Country and Best General Trade awards.

Align Dental Care is at the forefront of a dental revolution, becoming Southeast Asia’s first and only certified Digital Smile Design (DSD) clinic. This cutting-edge process transforms smiles into powerful personal statements, blending advanced tec

The Association of Chartered Certified Accountants (ACCA) and the Institute of Certified Management Accountants (CMA) of Sri Lanka recently renewed their Memorandum of Understanding (MOU).

Three Sinha Group of Companies became the Large-Scale Winner in the Manufacturing Sector at the Entrepreneur Awards 2024 for the Western Province.

DIMO recently opened its latest DIMO Care Hub located at Chilaw Road, Horagolla, Marawila, in Puttalam District, contributing to strengthen the North Western Province’s economy and improving community access to top-notch services and solutions.

Nimo & Company (Pvt) Ltd, suppliers of branded office seating, steel furniture, adjustable tables, adjustable beds and recliners has introduced a new range Godrej Interio chairs to the market, suitable for both home and institutional segments.

Sri Lanka’s budget is getting into fine shape with substantially higher revenues made possible from higher taxes which are further supported by the robust recovery seen in the economy this year.

A week after the conclusion of the exchange of International Sovereign Bonds (ISBs) for a collection of fresh set of bonds linked to its economic growth and governance, Sri Lanka has started trading in the secondary market this week, the data showed.

Plans for a digital payment surge in the public sector are underway with the Ministry of Digital Economy recently announcing a new programme to digitise all payments made to government institutions.

Sri Lanka’s apparel exports grew by a marginal 1.03 percent Year-on-Year (YoY) to US$ 374.94 million in November 2024, supported by higher shipments to the United States and the United Kingdom, data compiled by Joint Apparel Association Forum (JAAF

Hambantota International Port (HIP) is expanding into the relay cargo market as part of a broader strategy to enhance its container operations and establish itself as a key hub in regional maritime trade, the port’s operator, Hambantota Internation

Prime Minister Harini Amarasuriya recently stated that a key objective of the government’s long-term development vision is to develop a skilled workforce capable of catering to the demands of both the local and global labour markets.

Diversified conglomerate Ambeon Holdings PLC, increased its stake in Seylan Bank PLC by 0.98 percent, bringing its total holding to 8.61 percent of the bank’s ordinary voting shares.

Embracing this festive season, Prima brought the joy of Christmas with a tantalising selection of new varieties, perfect for Christmas feasts.

Pegasus Reef is to conclude the festive season with Crimson Eve, a grand year-end celebration, on December 31, 2024.

Classic Travel has been honoured with the Silver award for B2B Brand of the Year at the prestigious SLIM Brand Excellence Awards 2024.