The Sri Lankan rupee further depreciated today with the selling rate of US dollar hitting Rs.201.75, according to the Central Bank exchange rate data.

The Depositors of the failed The Finance Company PLC (TFC) have called on the government to urgently intervene in the settlement process, so that they are able to obtain their funds at the earliest.

The Board of Investment (BOI) of Sri Lanka will facilitate potential investors, who wish to visit the country through the bio security bubble option.

The International Monetary Fund (IMF) has warned following the COVID-19 pandemic larger firms are dominating the market in advanced economies due a shift in market power

Sri Lanka’s Gross Domestic Product (GDP) contracted 3.6 percent in 2020 compared to 2.3 percent expansion in 2019, displaying the severity of the disruptions caused by the COVID-19 pandemic on the island nation’s economy, despite the last two qua

Russian billionaire Andrey Melnichenko is currently in Colombo and is expected to hold talks with the top level of the Sri Lankan government, including Prime Minister Mahinda Rajapaksa, Daily Mirror learns.

R I L Property PLC today said the director board of its wholly owned subsidiary FoodBuzz (Pvt) Ltd. has decided to close all BreadTalk outlets from March 20, 2021 until further notice.

SLT-Mobitel has collaborated with the IT Division of Colombo Municipal Council (CMC) to introduce yet another pioneering initiative through Mobitel’s eChannelling service, enabling the convenient registration of persons for the COVID-19 vaccination

Hatch, an innovative co-working space and start-up incubator established in Sri Lanka, has been recognised by the prestigious SAARC Startup Awards as Best Co-Working Space 2020.

To support the recovery of the hospitality sector, Asia’s 50 Best Restaurants – in association with S.Pellegrino & Acqua Panna – have announced ’Essence of Asia’, an unranked collection of restaurants that represents the spirit of Asian gas

Sri Lankan rupee today depreciated to new lows against the US dollar with the current selling price hitting Rs.200.06 a dollar, according to the Central Bank data.

Fitch Ratings expect Sri Lankan telecom industry’s revenue to rise by 5-7 percent this year, driven by a surge in data and fixed broadband, largely due to COVID-19 effects.

Facebook has launched Instagram Lite in Sri Lanka in order to provide access to all users, irrespective of the device, platform and network they are on. This lightweight version of the Instagram app for Android uses minimal data, similar to Facebook

Norwegian Development Finance Institution (Norfund), which is owned and funded by the Norwegian government, yesterday entered into an agreement with Sri Lanka’s National Development Bank PLC (NDB) to invest up to 9.99 percent stake in the bank.

Sri Lanka’s first National Financial Inclusion Strategy (NFIS), launched today, aims to make financial services more accessible, efficient, and affordable for all households and businesses in the country.

SriLankan Cargo operated today operated three consecutive cargo charters to Uganda

Dialog Axiata PLC Sri Lanka’s premier connectivity provider yesterday announced the commissioning of the Maldives-Sri Lanka Cable system (MSC), enabling the delivery of high-speed broadband services.

Reputed business leader, Suresh Kumar Shah, has been appointed Chairman of Ceylon Tobacco Company PLC (CTC) with effect from 16 February 2021.

The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator has approved the power purchase agreement (PPA) to build 300 MW Kerawalapitiya liquid natural gas (LNG) power plant in Sri Lanka under the new chairmanship and the

LOLC Holdings PLC (LOLC) recorded a PAT of Rs.45 billion for the nine months ended December 31, 2020, after adjusting for corporate tax on a PBT of Rs. 48 billion.

The lockdown, isolation and quarantine may have restricted access to food outlets but they certainly did not stop locals from making Sri Lanka’s very own ‘yellow rice and chicken’ the most sought-after meal in 2020.

Funded by the United States, Sri Lanka@100 (SL@100) selected its first round of seven high-potential companies to receive cutting-edge business advisory services to accelerate their growth. SL@100, a private sector-led platform focused on the growth

REUTERS: Sri Lanka’s government bonds tumbled on Tuesday as warnings that the country was at increasing risk of default continued to mount after a turbulent couple of weeks for Colombo.

Gulf Air, the national carrier of the Kingdom of Bahrain will resume its direct operations to and from Colombo’s Bandaranaike International Airport (BIA) with two weekly flights starting from 15 February 2021 on its new Airbus A320neo aircraft.

The Central Bank said it settled a swap arrangement with Reserve Bank of India (RBI), but refuted certain media reports that there was no special request from India to settle the facility prematurely.

Sri Lanka has welcomed a total of 1,682 tourists for the month of January recording a 99.3 percent decrease in arrivals compared to the corresponding month in 2020.

Diversified LOLC Holdings PLC today dethroned the long time top dog John Keells Holdings PLC (JKH) becoming the most valuable listed entity on the Colombo Stock Exchange (CSE) in terms of market capitalization.

Dynamic business leader Ishara Nanayakkara-controlled LOLC Holdings PLC today became the third US $ 1 billion company on the Colombo Stock Exchange (CSE), behind John Keells Holdings PLC and Ceylon Tobacco Company PLC.

Adding another one to the recent measures implemented to contain the excess volatility in the foreign exchange market, the Central Bank today suspended the licensed commercial banks from entering into forward rate agreements for foreign exchange for

British-born financier and a member of Rothschild family, Nathaniel Rothschild said his recent visit to Sri Lanka was to explore the country’s suitability as a manufacturing location for electronics, while calling the island nation “a true gem wi