The government has decided to further ease certain restrictions imposed on outward remittances for a six month-period until June next year based on recommendation of the Central Bank (CB).

The confectionery industry expressed serious concerns over a new set of rules, introduced for labelling and advertising packaged food in the country, which is set to take effect from January 2025.

The Asian Development Bank (ADB) signed a US$150 million loan agreement with state-run Ceylon Electricity Board (CEB) to support key upgrades in the country’s electricity transmission infrastructure, the CEB said yesterday.

The Port of Colombo achieved a significant milestone, surpassing 7 million twenty-foot equivalent units (TEUs) in container throughput by the end of November 2024, marking its highest performance since 2021. This achievement positions the port to clo

Sri Lanka’s tea industry recorded a boost in November with production climbing to 22.3 million kgs. This is a 12.7 percent increase from 19.78 million kgs in the same month last year. This rise also marked a 9.5 percent improvement over the 20.36 m

Comfort Mattress Lanka (Pvt) Ltd. has announced a US$25 million investment to set up a sponge mattress manufacturing facility at the Hambantota International Port’s (HIP) industrial park, becoming the first investor to take advantage of HIP’s rec

The ASPI closed in green as a result of price gains in counters such as Ceylon Cold Stores, Piramal Glass and John Keells Holdings with the turnover crossing Rs. 5.8 bn.

The secondary market yield curve witnessed increased profit taking yesterday, as the yield curve edged upwards, slightly.

Hayleys Energynet has entered into an exclusive strategic partnership with Hengyang Ritar Power Co., Ltd, a global leader with 20+ years of experience in advanced energy storage technology.

Family Movers (Pvt.) Ltd, the leading all-in-one relocation service provider in Sri Lanka, will be celebrating its 35th anniversary this year.

The Magic Mango Group marks yet another year of success, celebrating the two most awarded and recognised campaigns of the year.

CIC has introduced its latest innovation, CIC Besto Omega 3 eggs, to the Sri Lankan market, catering to the consumers seeking nutrient-dense, high-quality eggs.

NDB Bank celebrates a momentous achievement at National Sales Awards (NSA) 2024, organised by the Sri Lanka Institute of Marketing (SLIM).

Savi Lands celebrates 13 years in the real estate industry, with a total of 56 residential projects, 15 infrastructural projects and more than 1500 clients.

AIA Sri Lanka continues to redefine the standard for workplace excellence in Sri Lanka, celebrating a remarkable series of wins that affirm its standing as a leading employer and a company that prioritises the happiness and wellbeing of its employees

A recent report by the British Council revealed that Sri Lanka is now the second largest transnational education (TNE) partner for the UK, with the island accounting for an impressive 10 percent UK TNE enrolments in the recent academic period.

The government has reached an agreement with the International Monetary Fund (IMF) to raise the income tax-free threshold to Rs.150,000 per month, from the current Rs.100,000, a move aimed at providing relief to the lower-income groups.

The borrowers with loans below Rs.25 million would be given the option of restructuring until December 2025, President Anura Kumara Dissanayake said.

Sri Lanka’s tea exports for November 2024 fell to 20.07 million kilogrammes (M/Kgs), a 6.4 percent decline, from 21.46 M/Kgs in November 2023.

Sri Lanka continues to rank among the top five most popular Asian travel destinations for Russian tourists, with a record number expected to visit during the winter season, according to Yandex, one of Europe’s largest internet companies based in Ru

While controversies revolve around India’s Adani Group, President Anura Kumara Dissanayake has placed on record that his government is not concerned with Adani Group’s dealings with other countries.

The ASPI closed in green as a result of price gains in counters such as Hatton National Bank, Diesel & Motor Engineering and CIC Holdings with the turnover crossing Rs. 6.0 Bn.

The Central Bank of Sri Lanka conducted its weekly T-bill auction yesterday, successfully raising Rs.185.0 billion, with the total offered amount being fully accepted across all maturities.

In a stellar achievement, Agromet Asia (Pvt) Ltd, has been honoured with two awards at the NCE Annual Export Awards 2024 held on 06 December at Shangri-La Hotel Colombo.

Hemas Consumer Brands (HCB) has yet again reinforced its leadership in Sri Lanka’s Fast Moving Consumer Goods (FMCG) sector, emerging victorious at the SLIM Brand Excellence Awards 2024.

McLarens group, the distributor of premium 3M automotive products in Sri Lanka announced the long-awaited 3M ceramic coating launch.

The Sri Lanka Tourism Development Authority (SLTDA), in collaboration with the Sri Lanka Tourism Promotion Bureau (SLTPB), has invited Noor Ahmad Hamid, the Chief Executive Officer of the Pacific Asia Travel Association (PATA), to visit Sri Lanka fro

Pelwatte Dairy Industries Limited (PDIL) announced an exclusive consumer promotion for its salted Butter 200g pack.

Home Lands Skyline reaffirmed its status as the undisputed leader in real estate development in Sri Lanka by winning the prestigious “Best Developer – Sri Lanka Award” at the PropertyGuru Asia Property Awards, held recently at the Athenee Hotel