No sooner the first-ever national small and medium enterprise (SME) policy of the country has been unveiled, Sri Lanka is moving to implement it without delay, the country’s Industry and Commerce Ministry said.

Sri Lanka once again proved that it was becoming a favourite hotspot to provide picturesque locations for the Bollywood film industry when it selected Sri Lanka to do the cover shoot of the November issue of Filmfare magazine with Deepika Padukone, o

International Monetary Fund (IMF) Chief Christine Lagarde said Thursday a worldwide economic recovery is taking hold, opening a window for countries to enact reforms aimed at attaining broader, lasting prosperity.

The Big Bad Wolf book sale, which is considered the world’s biggest, was opened to Sri Lankan public yesterday at the Sri Lank Exhibition and Convention Centre (SLECC).

Sri Lanka yesterday signed an agreement to modernize and improve the efficiency of its financial sector, which in turn will help small businesses and entrepreneurs compete in the markets and create better jobs.

Amid the controversy surrounding the draft new constitution, the government behind closed doors is drafting a new legal framework to administer the China-backed Colombo International Financial City (CIFC), the 500-acre Colombo sea front reclaimed for

Creating a landmark in the history of education in Sri Lanka, the Government of Sri Lanka has launched a free medical and personal accident cover for all schoolchildren of the nation.

The International Monetary Fund last week said Sri Lanka is so far doing well in its economic reforms to reach the targets to remain eligible for the US$ 1.5 billion Extended Fund Facility (EFF), despite the challenges posed by the recent climate sho

The International Monetary Fund (IMF) yesterday warned Sri Lanka should be ready to change its monetary policy if any unexpected shocks lead to increased credit growth in already sensitive sectors of the economy, despite a clear decline in private cr

The Petroleum Resources Development Ministry has reopened the ex-Cairn M2 block in the Mannar Basin for development and commercialization through a limited tender offer under a strategic plan to expedite oil and gas exploration and development,

Hilton Colombo yesterday reached the three-decade milestone in serving Sri Lanka’s tourism landscape.

Sri Lanka’s Central Bank yesterday left its key policy rates unchanged as the short-term rates eased and the pressures on medium term prices in the economy appeared less of a concern. But the credit to the private sector remained stubbornly at

Abans Founder Chairperson Aban Pestonjee was invited to be interviewed by Prof. Geoffrey Jones, Faculty Chair of Harvard Business School’s Business History Initiative, on the topic of ‘Creating Emerging Markets’. 

With the ban of the weed killer glyphosate without scientific evidence, some planters have started using alternative chemicals, running the risk of Ceylon Tea exports becoming banned in overseas markets, according to Ceylon Tea Board Chairman Rohan P

Executive Director of the World Bank for the constituency of India, Bangladesh, Bhutan and Sri Lanka, S. Aparna, together with the World Bank’s Country Director for Sri Lanka and the Maldives, Idah Z. Pswarayi-Riddihough, called on the Minister

Chartered Institute of Management Accountant (CIMA) President David Stanford yesterday paid a courtesy call on the Minister of Finance & Mass Media Mangala Samaraweera at the Treasury. Stanford was accompanied by CIMA Regional Vice President Venk

The government has resumed its efforts to restructure the Central Bank after months of silence on the matter, with Prime Minister Ranil Wickremesinghe announcing that discussions are ongoing to introduce a new monetary law.

Roof tiles made out of red clay is now in high demand due to the asbestos ban that is set to come into effect next year, according to the country’s Industry and 

The government may start limiting hotel construction in Colombo, as concerns of oversupply are now rising, Tourism Development and Christian Religious Affairs Minister John Amaratunga said yesterday.

Prime Minister Ranil Wickremesinghe is eyeing to create an even bigger legacy than his uncle, the late President J.  R.  Jayewardene, with an economic leap even bigger than of Jayewardene’s 1977 free market reforms.  

The Colombo International Book Fair 2017 was opened by President Maithripala Sirisena at the Bandaranaike Memorial International Conference Hall (BMICH) yesterday. Organizers, Sri Lanka Book Publishers Association said there will be around 300 &ndash

The Brandix Group has topped Sri Lanka’s ranking of exporters for the fifth consecutive year in 2016 to be declared the country’s Exporter of the Year by the Export Development Board (EDB) at a ceremony presided over by President Maithrip

Diversified conglomerate Hayleys PLC, continuing with its buying spree, yesterday struck a mega deal to acquire a 71 percent stake in leading consumer durables retailer Singer (Sri Lanka) PLC (SSL) in a whopping Rs.12.5 billion deal.

The Central Bank is now involved in the development of a new National Payment Platform (NPP) for digital financial transactions under existing legislation, after recent efforts to set up the platform outside the purview of the Central Bank hit a bric

Leading pharmaceutical importer and distributor in Sri Lanka, Hemas Pharmaceuticals has ventured into regional shores for the first time with its entry into Myanmar to commence distribution operations as Hemas Mandalar Pharmaceuticals Ltd.  

Sri Lanka’s long-standing leader in agriculture – the CIC group – has elevated the country’s agriculture sector via futuristic investments amounting to over Rs.2 billion, which are now infusing state-of-the-art technology into

Lahore Chamber of Commerce and Industry (LCCI) is the oldest and largest trade body in Pakistan with strong credentials having a large membership base standing around 20 thousand members.  

Takas CEO Lahiru Pathmalal speaking to Daily Mirror - Business told that growth will be the main focus for the next 18 months. He further stated that giving the best customer service will be a main feature of their business model.

Colombo Dockyard PLC (DOCK), a subsidiary of Japan’s Onomichi Dockyard Company Limited, yesterday began the construction of the largest ship to ever be built in Sri Lanka on a US $ 53 million contract for Japan’s Kokusai Cable Ship Co. Lt

SAARC Chamber of Commerce and Industry President Suraj Vadiya presents a memento to Prime Minister Ranil Wickremesinghe at the inauguration of the SAARC Investment Forum held to promote greater trade and investment cooperation among SAARC countries,