Two teams from Sri Lanka, team Sipsara and The Green Tycoon, successfully qualified to the World Finals (Asia) stage at Microsoft Imagine Cup 2023, Microsoft’s global competition for students to dream and build new ways of using technology to impro

President instructs officials to amend provisions of land management ordinances and introduce new regulations Stresses that archaic land policies established during the colonial era are no longer suited to modern development needs

Calls for change in the bus regulatory model to bring in private investments

To hold EGM on June 30 to pass resolution pertaining to de-listing of its shares from CSE’s official list

CNN: The Bank of England raised interest rates by a quarter of a percentage point yesterday in its battle with inflation and said the UK economy would dodge a recession as energy prices fall.

CNBC: Emirates Group reported record profit and revenue figures yesterday for the year ending April 2023, with customer numbers booming as the majority of pandemic-induced travel restrictions were lifted.

CNN: US Treasury Secretary Janet Yellen urged Congress yesterday to raise its debt ceiling, warning that a US default would produce an “economic and financial catastrophe” that would trigger a global economic downturn and risk undermining the cou

In an effort to push Sri Lanka towards electric mobility (e-mobility) so that low-carbon solutions can be adopted, the United Nations Development Programme (UNDP) and the government yesterday launched a project to convert 500,000 Tuk-Tuks to electric

International tourism, which was severely crippled due to implications stemming from the Covid-19 pandemic, is well on its way to recovery, the latest UNWTO World Tourism barometer revealed.

Sri Lanka plans to formally apply for Geographical Indication (GI) for Ceylon Tea from the European Union (EU) this September, with intentions to replicate the same move in other key markets of Ceylon Tea subsequently.

Sri Lanka’s apparel export earnings could slump by US $ 1 billion this year as a result of the demand slowdown in key export markets amid rising inflation and higher interest rates, a Reuters news report said quoting a top official of the Joint App

Sri Lankans are leaning towards stronger disagreement regarding equality of opportunity, the findings of the latest Sri Lanka Barometer revealed, indicating that more needs to be done to address the causes of conflict and discrimination since the end

Capital market regulator, the Securities Exchange Commission (SEC), has issued a directive suspending former Taprobane Securities (Pvt.) Ltd CEO Dinal Wijemanne from functioning as a key management person and taking part in any activities involving c

The rubber sector woes persisted in the month of April, with the industry continuing to deal with low yields.

The International Monetary Fund (IMF) plans to support the government to come up with a strategyto safeguard financial sector stability in a potential domestic debt restructuring (DDR) scenario, a top official of the Fund said.

Finlays, a leading global supplier of tea, coffee and botanical ingredients and solutions, yesterday said it has reached an agreement to sell its James Finlay Kenya tea estates business to Sri Lanka’s Browns Investments PLC.

Moose Clothing Company has made yet another commendable move to expand the global footprint of the brand through their latest partnership with the well-known retail giant - Mustafa Center in Singapore.

Titanium Sands to acquire James Global and partner with JAT Holdings for Sri Lankan activities

The Federal Reserve voted unanimously to raise interest rates by a quarter point Wednesday, the tenth rate hike since the central bank started its battle against inflation last March.

Cargills (Ceylon) PLC is marking a new milestone in its journey by opening Lanka IOC fuel stations at its Cargills retail outlets.

The World Bank’s board of governors on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, ushering in an Indian-born finance and development expert to revamp the lender to tackle climate change and other global cri

In terms of Section 35 of the Monetary Law Act No. 58 of 1949, the seventy third Annual Report of the Monetary Board of the Central Bank of Sri Lanka was presented yesterday to President Ranil Wickremesinghe, who is also the Minister of Finance, Econ

In a move to break the barriers that prevent persons with disabilities from better integrating into society, Twinery - Innovations by MAS – the changemakers of innovative clothing across the world, together with Linea Aqua, aim to break through the

Overseas Realty (Ceylon) PLC recorded a group revenue of Rs.880 million and a group profit before tax of Rs. 2.3 billion for the first quarter ending 31st March 2023.

With the recent introduction of Indian Rupees (INR) as a designated foreign currency by the Central Bank, Standard Chartered Sri Lanka has completed its first INR transaction for a multinational corporate client in the form of an outward telegraphic

Sri Lankans see real wages eroding by around 20% last year amid red-hot inflation

The government of Japan and the UNDP have joined hands to improve the women’s economic well-being for smallholder farmer families in Sri Lanka.

Fitch Ratings has downgraded Co-operative Insurance Company PLC’s (CICPLC) National Insurer Financial Strength (IFS) Rating to...