The Committee on Public Finance (COPF) informed the Secretary to the Ministry of the Investment Promotion to intervene with immediate effect to arrive at a decision regarding a duty-free shopping…
By Aleksei Zakharov Forced by the unprecedented isolation from the West, Russia has embarked on a course of outreach to the global South. South Asia is a region where Moscow…
Alibaba-owned e-commerce platform Daraz Group has announced layoffs across the group to “adopt a more streamlined and agile structure”, acting Chief Executive Officer James Dong said on Tuesday in an…
Workers’ remittances inflows jumped 11.4 percent Year-on-Year (Yoy) to $487.6 million in January this year, slightly below US$ 570 million recorded in festive December last year and failing to cross…
By Asanga Abeyagoonasekera A perfect geopolitical storm is churning the waters in three geographies: the Black Sea due to the Ukraine war, the Red Sea due to the Houthis and…
By Prof.Neil DeVotta The Sri Lankan economy stabilised in 2023, with assisted recovery measures including an Extended Fund Facility Program with the International Monetary Fund and loans from the Asian…
Once again, the Colombo Bourse closed in the red zone, with the blue-chip and banking counters dragging the index down for its 10th consecutive fall. The All Share Price Index…
IFC, a member of the World Bank Group, has appointed Imad N. Fakhoury as Regional Director for South Asia. Based in New Delhi, Fakhoury will spearhead IFC’s strategy and operations, while…
Sri Lanka’s inflation climbed in December for a third straight month as a rebound in economic activity boosted consumption. The consumer price index in Colombo rose 4 percent from a…
Colombo Bourse settled firmly in the green zone trading positively throughout the day, continuing its upward trend for the third consecutive day, recording the biggest gain in the past month.…
The Ceylon Chamber of Commerce considers the 2024 Budget as a crucial step in continuingthe macroeconomic stabilization measures that began in late 2022, as a response to theeconomic challenges faced…
The U.S. International Development Finance Corporation (DFC) today announced it has committed more than half a billion dollars to support the development of a deepwater shipping container terminal in the…
The Committee on Public Finance (COPF) convened last week to address critical matters pertaining to the importation of ‘soap noodles’ for soap production and to consider the Order under the…
Colombo Bourse bounced back and settled firmly in green as investors turned optimistic after the State Minister of Finance noted that Sri Lanka and the IMF are finalizing signing the…
One of the world’s largest ports, with over 260 MMT capacity Handled over 155 MMT in FY 23, nearly 11% of India’s maritime cargo EXIM gateway for container traffic, 33%…
The Sri Lanka Gem and Jewellery Association (SLGJA) in partnership with the National Gem and Jewellery Authority (NGJA) and the Export Development Board (EDB) is delighted to announce that FACETS…
(Reuters) – Sri Lanka’s consumer price inflation rate eased to 2.1% year-on-year in August from 4.6% in July, helped by falling food prices, the statistics department said on Thursday. The…
The Ceylon Chamber of Commerce is urging the Government to reconsider its recent decision to abolish the Simplified Value Added Tax (SVAT) system given the impact it would have on…
The Colombo Port City Economic Commission has achieved a significant milestone in its journey, to transform the Colombo Port City into a globally competitive special economic zone (SEZ). The Parliament…
The plastics and rubber products market expected to grow to $1899.33 billion in 2027 at a CAGR of 6.7% with new developments in packaging and innovation Sri Lanka’s Advancement circular…
The Committee on Public Finance (COPOF) questioned the officials representing the Ministry of Finance regarding the action taken to recover the loss incurred by the Sugar Tax Scam in Sri…
The Ceylon Chamber of Commerce entered a strategic partnership with renowned implementationservice provider Pristine Solutions Pvt Ltd, to revolutionize its operations and bring cutting-edgetechnology to the forefront with the implementation…
Threadworks, a leading innovator in baby products, is thrilled to announce the successful launch of its ground-breaking product line – Bamboo Nappies – in Australia. Designed to provide parents with…
In a bid to increase market liquidity, the Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 8 August 2023, decided to reduce the Statutory…
Sri Lanka Agripreneurs’ Forum (SLAF), the leading agribusiness association in Sri Lanka, and I/D/E/A/S(Initiatives in Development of Entrepreneur Approaches & Strategies), a group of retired Sri Lankanprofessionals dedicated to giving…
Indian High Commissioner handed over a cheque of 450 million for the Sri Lanka Unique Digital Identity (SL-UDI) Project. High Commission of India in Colombo, Sri Lanka twitted, “High Commissioner…
The low-Cost Airliner (LCA) will operate scheduled direct flights to Colombo, qualifying itself with the Sri Lanka Civil Aviation technical and operational requirements and meeting with international safety standards, Passenger…
Minister of State in the Cabinet Office of Japan, FUJIMARU Satoshi, and, former Minister of State for Regional Revitalization and Regulatory ReformYAMAMOTO Kozo, called on President Ranil Wickremesinghe at the Presidential…
The expansion in the Illegal cigarettes market driven by recent tax hikes is causing a record Rs. 52 billion revenue loss to the Government, According to the ongoing research conducted…
Sri Lanka had verifiably met 33 of the trackable program commitments of the International Monetary Fund (IMF) program as of the end of June 2023 but had failed eight, according to…
The Kaduwela Municipal Council opened the first of four Plastic Recycling Centers at 567/3, Yashodara Mawatha, Dedigamuwa as a pilot to improve standards in plastic waste collection and apply environment,…
The Ceylon Chamber of Commerce in a media statement expressed concerns on the recent developments in the healthcare sector, particularly regarding the quality of pharmaceutical products procured for the public…
Although there are 500,000 personal income tax files in this country, only 31,000 of them are paying tax, Mahindananda Aluthgamage, Chair of the Sectoral Oversight Committee on National Economic and…
Sri Lanka is approaching the final stage of unveiling its debt restructuring strategy, marking a significant milestone in the nation’s efforts to navigate its worst economic crisis in seven decades.…
Sectoral Oversight Committee on Environment, Natural Resources & Sustainable Development disclosed that 23 projects initiated by the Urban Development Authority (UDA) by spending government funds have come to a halt…
(Reuters) – The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next board meeting on June 28, sources told Reuters,…
Two partnerships by the International Finance Corporation (IFC) has led to over 50 private sector companies in Sri Lanka advancing gender equality as well as working towards the economic inclusion…
The representatives of the gem and jewellery industry recently highlighted that due to the ban on the import of gold, the business community involved in the jewellery manufacturing industry, targeting…
First Capital Research (FCR) predicts a 50% probability for the Central Bank of Sri Lanka (CBSL) to maintain the policy rates at its current levels at this week’s monetary policy…
Crisis-stricken Sri Lanka should be able to conclude newly-launched debt restructuring talks by September, or November at the latest, its president said on Thursday, adding that the negotiations had made…
An International Monetary Fund (IMF) mission led by Messrs. Peter Breuer and Masahiro Nozaki conducted a staff visit to Colombo from May 11 to 23, 2023 to discuss recent economic…
The Colombo Bourse wrapped the session up in red as its main index, All Share Price Index (ASPI) commenced the week on a negative note losing 105 points and hitting…
Wan Hai Lines has added a call at Colombo, Sri Lanka, to its Asia-US East Coast service. On 16 May, the newly built 13,000 teu Wan Hai A10 docked at…
By Muhammad Estiak Hussain Bangladesh and Sri Lanka are two friendly neighbors from South Asia. Although the formal diplomatic relations were established in 1972, the relationship goes beyond that dating…
Cash-strapped Sri Lanka’s national airline announced a staggering $525 million annual loss on Friday. Despite posting an operating profit of Rs. 1.7 billion in FY22 for the first time in…
Bourse extended dull sentiment, down marginally as investors continued to remain on the sidelines over rising concerns over Domestic Debt Restructuring (DDR) and waiting for a clear direction on the…
The Committee on Public Accounts (COPA) disclosed that almost 33% of the families receiving the Samurdhi benefit are families who should not be entitled to the Samurdhi benefit. According to…
Leading luxury Tour Operator Kuoni has pledged to drive bookings to Sri Lanka by holding its first overseas sales managers’ conference since pre-pandemic 2019 in the country. Sri Lanka has long…
Women working in Sri Lanka’s energy sector gained a powerful tool this week to promote their advancement in the industry with the launch of the Sri Lanka National Chapter of…
December (2022) quarter earnings declined by 43.9%YoY to Rs.96.4 billion for 281 listed companies on Colombo Stock Exchange (CSE) owing to sluggish performance primarily in the Capital Goods (-82.6%YoY), Transportation…
The United States Agency for International Development (USAID) Sri Lanka Energy Program and Sling Mobility (Pvt.) Ltd. signed a grant agreement on April 18 to develop and operate two battery…
(Reuters) – A combination of sticky high interest rates and lacklustre global growth could push a number of emerging economies that are facing soaring refinancing needs into debt difficulties next…
In terms of the outlook for 2023 and in particular the first half of 2023, export firms have turned more optimistic in their views on the economy relative to six…
Central Bank of Sri Lanka (CBSL) printed Rs.77 05 billion in the first quarter of this year compared to a record Rs.588 billion a year ago. Money printing in March…
Asian Development Bank in a latest report projected Sri Lanka’s inflation to average 24.6% in 2023 as fiscal tightening and double-digit interest rates weigh on domestic demand, supply-side disruption eases,…
Since Sri Lanka’s worst economic crisis in Mar 2022, the share prices of nearly 55% of thehotels listed in Colombo Stock Exchange (CSE) have risen on a Year-on-Year basis, according…
The global economy’s “speed limit”—the maximum long-term rate at which it can grow without sparking inflation—is set to slump to a three-decade low by 2030. An ambitious policy push is…
Seven parties including China’s Sinopec have shown interest to build an export-oriented oil refinery in Hambantota, Minister of Power and Energy Kanchana Wijesekera tweeted. Grant & Shearer Ltd from Nigeria,…
(Reuters) – Sri Lanka will get the first $330 million tranche of the International Monetary Fund’s bailout in the next two days, the global lender said on Tuesday, putting the…
Select Committee of Parliament to make suitable recommendations for the expansion of higher education opportunities in Sri Lanka met recently on March 8th, 9th and 10th under the chairmanship (Dr.)…
Sri Lanka’s private creditors are considering a proposal to swap defaulted bonds with new securities with cash flow linked to the nation’s future growth, Bloomberg News reported on Monday, citing people familiar…
To help meet demand for quality childcare services among employed parents in the Eastern Province of Sri Lanka, the International Finance Corporation (IFC), Commercial Bank of Ceylon (CBC) and Sarvodaya…
(Reuters) – U.S. bank stocks jumped on Tuesday, recovering some ground after the failure of Silicon Valley Bank and Signature Bank triggered heavy selling by investors who were already anxious…
Fitch Ratings believes Sri Lanka is likely to secure financing support from the IMF after the fund’s Executive Board set a date of 20 March to review the USD2.9 billion…
Minister of Foreign Affairs Ali Sabry express confidence in securing the IMF bailout package within this month since considerable progress has been made with the International Monetary Fund. Speaking to…
Colombo Bourse closed in green after two days of losses as buying sentiment slightly improved on index-heavy weights and banking counters, but retail participation continued to remain subdued with investors being…
The global pace of reforms toward equal treatment of women under the law has slumped to a 20-year low, constituting a potential impediment to economic growth at a critical time…
The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) extended the positive sentiment for the fourth consecutive day as investors continued to actively participate in the market.…
With Australian companies increasingly eager to explore investment opportunities in Sri Lanka, tradeand investment promotion and facilitation activities can play a vital role in fast-tracking foreign directinvestment, High Commissioner for…
The COVID-19 pandemic caused a massive collapse in human capital at critical moments in the life cycle, derailing development for millions of children and young people in low- and middle-income…
Global professional services association PrimeGlobal has in recent months welcomed two new member firms in Asia: Pengsheng in China, and Ranwatta & Co in Sri Lanka. Headquartered in Southern China…
Sri Lanka’s tourism earning rose by 6.7% Year-on-Year to $161.8 million in January this year compared to $151.7 million recorded a year ago, according to the Central Bank of Sri…
The Hyundai Grand i10 car, assembled for the first time in Sri Lanka was launched at the Colombo City Centre yesterday (10) under the patronage of President Ranil Wickremesinghe. The…
A discussion pertaining to the concept paper related to the proposed establishment of the National Policy Commission for the purpose of planning, implementing, monitoring and reviewing national policies and strategies…
Sri Lanka has recently awarded the American Clean Energy Solutions Inc. based in Ontario,Canada to develop 100 Megawatts solar power project on Sri Lanka Broadcasting Corporation (SLBC) land in Nilaweli,…
A group of Sri Lanka’s sovereign USD-denominated Bondholders of is ready to hold debt restructuring negotiations with Sri Lankan authorities consistent with the International Monetary Fund’s (IMF) program. “The Bondholder…
The deficit in the trade account in 2022 narrowed to the lowest level since 2010 to $ 5,185 million, from $8,139 million recorded in 2021. Earnings from exports in 2022…
Arabnews:Sri Lanka’s tea industry is planning a global promotional campaign targeting its main export destinations, including the UAE and Saudi Arabia, as the crisis-hit country looks to attract additional foreign…
Several new proposals were proposed by the Committee on Public Accounts (COPA) to make the work of the Inland Revenue Department more efficient including proper implementation of the Revenue Administration…
The Ministry of Health has today received walk-in cold rooms and nutrition supplies procured by UNICEF funded by the Government of Japan to continue to improve the health of all…
Fitch Ratings has downgraded the National Insurer Financial Strength (IFS) Ratings of seven Sri Lankan insurers following the recent sovereign downgrade and recalibration of the agency’s Sri Lankan National Rating…
When dealing with raising the value of Sri Lanka’s ease of doing business index, there should be an inter-relationship between related government institutions, Madhura Withanage said. He made these remarks…
Sri Lanka Tourism, in collaboration with the Sri Lanka Embassy in Italy, as one of its promotional activities carried out a Media FAM Tour to a group of Italian journalists…
Bangladesh and Sri Lanka are keen to start importing ethanol from India. Nitin Gadkari, India’s Minister of Road and Transport Highways announced that the issue has already been discussed with…
Sri Lanka’s central bank Governor P. Nandalal Weerasinghe in an interview with BBC Newsnight urged China and India to act quickly for the country to secure a $2.9 billion IMF…
(Reuters) – Sri Lanka’s cabinet on Monday approved new electricity tariffs to reflect the cost of coal and power generation to take effect this month, Power Minister Kanchana Wijesekera said,…
Officials representing the 8 Presidential Task Forces established under the Presidential Secretariat to enhance the Ease of Doing Business in Sri Lanka recently presented the issues and proposals to the…
Sri Lanka’s Auditor General reported that in 2021, the operational expenditure of the Mattala International Airport (MRIA) was Rs2.02 billion, 21 times more than its income for the same period.…
As a result of bad policy combined with adverse climatic conditions, Ceylon tea production was adversely impacted and annual volumes are estimated to be approximately 250-255 M/Kgs would record the…
The United States Agency for International Development (USAID) announced the official launch of a planned 5-year project in Sri Lanka and Maldives to reduce environmental plastics by decreasing the industrial…
Sri Lankan banks opened special rupee trading accounts (SRVA) with Indian banks including the largest Indian Bank, State Bank of India (SBI) to conduct bilateral trade in Indian Rupees following…
Speaker Mahinda Yapa Abeywardena today (19) endorsed the certificate on the Inland Revenue (Amendment) Bill which was passed by a majority of votes after debate in Parliament. Following the debate…
Sri Lanka’s s regulator for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Financial Intelligence Unit (FIU)fined five banks for non-compliance with the provisions of the e Financial Transactions…
The poorest countries eligible to borrow from the World Bank’s International Development Association (IDA) now spend over a tenth of their export revenues to service their long-term public and publicly…
Minister of Plantation and Industries Ramesh Pathirana stated that attention has been directed towards taking over underutilized land owned by large-scale plantation companies and the proposal regarding the said has…
The Sri Lanka Embassy in Beijing, with a view to attracting more Chinese tourists to Sri Lanka, is also actively exploring the possibility of Chinese cruise ships and yachts visiting Sri Lanka. The…
By Shashika Bandara and Inosha Alwis Sri Lanka is facing a severe political and economic crisis, and the health system is at risk of collapse. The crisis has been caused by…
(Reuters) – Sri Lanka’s central bank on Thursday threatened administrative intervention to control high market interest rates that it regarded as out of line with its policy rates and the…
The Ceylon Chamber of Commerce (CCC) is firmly of the view that institutions such as the Central Bank of Sri Lanka should be allowed to function independently in performing its…
The Ministerial Consultative Committee on investment Promotion advised the Board of Investment of Sri Lanka (BOI) to clearly communicate to the Central Bank of Sri Lanka (CBSL) and the Treasury…
(Reuters) – The crisis-hit Sri Lankan economy can turn around by the end of 2023 if budget policies,which are not limited to the International Monetary Fund’s recommendations, are followed,President Ranil…
The National Council sub-committee on identifying short and medium-term programs related to National Policy which met yesterday (10th of November) decided to appoint a sub-committee made up of representatives of…
The progression of Sri Lanka’s economy is dependent significantly on the performance of the public sector. A more efficient and productive public sector is an absolute need in driving forward…
More than 90 percent of large companies that have stated commitments to reaching net-zero emissions will miss such goals at their current pace, according to a new report. Among 2,000…
Sri Lanka faces a challenge to emerge from the continuing crisis. A recent publication by VERITÉ Research argues that domestic debt restructuring (DDR) provides four benefits critical for the economy…
Calling on Sri Lankan businesses to leverage the resumption of direct flights to Moscow to diversify theexport basket, the Charge d’Affaires of the Embassy of the Russian Federation in Sri…
As Sri Lanka prepares to formulate and implement reforms that will enable economic revival, theSri Lanka Economic Summit 2022 organized by the Ceylon Chamber of Commerce will explorenecessary reforms and…
The Central Bank of SRI Lanka held policy rates steady on Thursday (Oct 6), saying monetary conditions remain “sufficiently tight” after a massive rate-hike campaign earlier in the year as…
The Petroleum Products (Special Provisions) Amendment Bill was approved by the Ministerial Consultative Committee on Power and Energy with amendments in accordance with the decisions given by the Supreme Court.…
First Capital Research (FCR) weighed in on a 75 percent probability to maintain the rates while also assigning a lower probability of 25 percent towards a monetary relaxation. “We believe…
Emphasizing the need to create a more business-friendly environment for foreign investorsseeking investment opportunities in Sri Lanka, Ambassador of the United States to Sri LankaHer Excellency Julie Chung hailed the…
The latest report by World Food Program (WFP) warns that overall acute food insecurity continues to remain a concern as the majority of people are still forced to cut meals…
As the country’s agriculture sector starts to recover, Sri Lanka Agripreneurs’ Forum (SLAF) held its 2nd Annual General Meeting on 31st August 2022 at the Institution of Engineers Sri Lanka,…
The World Bank (WB) has commenced the industry consultation process to develop an offshore Wind Development Roadmap for Sri Lanka. By 2030, installed offshore Wind generation capacity is estimated to…
The impacts of workplace violence and harassment has led to the loss of six working days per employee every year, costing the nine Sri Lankan companies surveyed at least $1.7…
Sri Lanka has lost a large chunk of its tax base due to significant changes in its tax system made in 2020 including the increase in VAT registration threshold on…
Minister of Labour and Foreign Employment Manusha Nanayakkara last week announced that all plantation workers would be given a special allowance under the World Food Program (WFP) and World Bank…
The 31 st Annual General Meeting of the Sri Lanka – Canada Business Council (SLCBC) of the CeylonChamber of Commerce was held recently. Daniel Bood, Counsellor for Political & Trade…
An International Monetary Fund (IMF) mission led by Peter Breuer and Masahiro Nozaki visited Colombo from August 24 to September 1, 2022, to continue discussions on IMF support for Sri…
The Ceylon Chamber of Commerce views the interim budget for 2022 delivered by President RanilWickremesinghe in his capacity as Minister of Finance, as a positive step towards rebuilding themacroeconomic framework…
Digital transformation and innovation that sees opportunity in turbulence in order to attainresilience and growth, were among key themes that were explored at the National SME Forum2022 organised recently by…
The recently released Q2 data of the House Price Index of LankaPropertyWeb showed that the overall selling prices of apartments increased by 45.17% when compared to Q2 of 2021. According…
An IMF Staff delegation led by Peter Breuer and Masahiro Nozaki plans to visit Colombo during August 24-31 to continue discussions with the Sri Lankan authorities on economic and financial…
The U.S. government, through its development agency, the U.S. Agency for International Development (USAID), is committed to accelerating clean energy to drive social and economic sustainable growth in Sri Lanka. …
The Central Bank of Sri Lanka (CBSL), with a view to broadening its engagement with key stakeholders of the economy, established the Stakeholder Engagement Committee (SEC) by replacing the Monetary…
(Reuters) – Sri Lanka has given approval for India’s Lanka Indian Oil Corporation (LIOC) to open 50 new fuel stations, a company official said on Monday, as part of efforts…
The Government yesterday appointed eight-member committee to propose recommendations within a month to restructure Ceylon Electricity Board (CEB), the Minister of Power and Energy Kanchana Wijesekera announced. The eight members…
As the war in Ukraine continues to rage, skyrocketing energy prices are compounding an existential cost-of-living crisis for hundreds of millions of people, warned the UN Secretary-General’s Global Crisis Response Group (GCRG)…
TUI has further extennded the cancellation of holidays to Sri Lanka. The operator’s program is being suspended for an extra week until August 22th. Tui started holiday cancellations to Sri…
Sri Lankans have been urged not to overcrowd fuel stations in the country as the fuel distribution process for vehicles as per the QR code system which was delayed earlier,…
Sri Lanka’s economic crisis and lack of fuel has resulted in airlines cutting capacity to the country and embargoing inbound cargo. The lack of passengers and fuel, which airlines have…
Asain Development Bank (ADB) highlighted that Sri Lanka’s economic conditions have deteriorated drastically on a sharp fall in usable reserves, causing the government to suspend external public debt servicing (excluding…
China is a “very important” creditor of Sri Lanka and it would likely be in the interest of both countries if China participated in restructuring Sri Lanka’s debt, U.S. Treasury…
Colombo bourse recorded gains for the second straight session with faint improvement in investor sentiment over recent political developments in the country with the affirmed resignation of President Gotabaya Rajapaksa,…
The ongoing turmoil and fuel shortage in Sri Lanka have boosted aviation turbine fuel (ATF) sales in South Indian airports including Adani Group-managed Thiruvananthapuram Airport, Cochin Airport and Chennai Airport, according to…
The Ceylon Chamber of Commerce reiterates its call for President Gotabaya Rajapakse to resign immediately for the sake of the country and its stability as he has lost the trust…
Sri Lanka’s John Keells Holdings (JKH) is expected to benefit from the proposal to streamline the country’s casino industry which could pave the way for JKH to rent space at…
The Committee on Public Enterprises (COPE) chaired by Prof Charitha Herath recommended an investigation be conducted through the Auditor General’s Department on the cancellation of the Term Tender, which had been…
Bourse recorded losses for the fourth straight session with investors taking a defensive approach following the policy rate hike by the Central Bank of Sri Lanka (CBSL), First Capital Research…
Ahead of the protest scheduled on Saturday this week, the Ceylon Chamber of Commerce (CCC) appealed the participants to refrain from violence. Ceylon Chamber of Commerce notes that a number…
The United States Ambassador to Sri Lanka, Julie Chung last Friday stressed that the political stability is critical to undertake lasting and decisive structural reforms in addressing the root causes…
By Ravinda Soysa All states currently rely substantially on petroleum based fuels for power generation, transportation and agricultural activities. The fact that only a few countries generate the majority of…
The UN Conference on Trade and Development (UNCTAD) says the war in the Ukraine is stifling trade and logistics of the country and the Black Sea region, increasing global vessel…
At the G7 Summit today, President of the United States Joe Biden announced $20 million in additional assistance to strengthen food security in Sri Lanka. Building on other recent funding…
A high-level delegation representing the U.S. Department of the Treasury and the U.S. Department of State will visit Sri Lanka from June 26 – 29. Members of the delegation include…
The Committee on Public Accounts (COPA) recommended that all Ministries should unite and set up a Cabinet Sub-Committee on Food Security to address the food crisis in the country. The…
Sri Lanka Excise Department revealed that t the demand for the liquor has decreased by about 30% due to the recent increase in the price of liquor and the decrease…
Top Businessman Dhammika Perera was sworn in as a National List Member of Parliament of the Sri Lanka Podujana Peramuna before Hon. Mahinda Yapa Abeywardana, the Speaker of Parliament today…
The U.S. government announced a third tranche of new funding today to address the immediate needs of people hardest hit by the economic crisis in Sri Lanka. This humanitarian assistance,…
The World Food Programme (WFP) on Thursday began distributing food vouchers to pregnant women in underserved districts of the Sri Lankan capital, Colombo, marking the start of the UN agency’s…
In continuing its support to promote sustainable energy and economic growth in Sri Lanka., United States yesterday agreed to provide technical assistance to VEGA Innovations to help them further develop Sri…
In the face of the current food crisis, the Minister of Agriculture and Minister of Wildlife and Forest Resources Conservation, Mahinda Amaraweera announced that plans are underway to deploy Army…
The U.S. Ambassador to Sri Lanka Julie Chung attended the signing ceremony for a Memorandum of Understanding (MOU) with the Sri Lankan Department of Agriculture, for a $27 million project…
Top Businessman Dhammika Perera is set to enter the Parliament replacing Basil Rajapakse and is tipped to swear in as the Minister of Technology and Investment Promotion. President Gotabaya Rajapaksa…
The Supplementary Estimate of Rs. 695 billion presented by Prime Minister Ranil Wickremesinghe in his capacity as the Minister of Finance, was approved yesterday (08) in Parliament without a vote…
(Reuters) – A power sector union in Sri Lanka said on Wednesday it will go on an indefinite strike from midnight in protest against new government legislation, potentially leading to…
Sri Lanka requires $6 billion during the next six months to keep the country afloat, according to Prime Minister Ranil Wickremesinghe. Over half of the requirements is for fuel and…
The Ceylon Chamber of Commerce has been certified as a great workplace by research andconsulting firm Great Place to Work® in Sri Lanka. The Ceylon Chamber was awarded this certification…
There are constant dire warnings of impending food shortages citing many causes and blames onpast actions. While it is useful and wise to be forewarned, the warnings alone will not…
The debate on the Supplementary Estimate of Rs. 695 billion which is to be presented on the 7th by the Prime Minister, Ranil Wickremesinghe will be taken up for debate…
Sri Lanka wants farmers to plant more rice as part of plans to avert a severe food shortage, a top official said on Tuesday (May 31), as experts warned of…
(Reuters): Sri Lanka’s government on Tuesday announced a taxation overhaul to maximise revenue amid the country’s crippling economic crisis, hiking value added taxes and corporate income tax, and slashing the…
The Committee on Public Enterprises (COPE) recently observed that W.M. Mendis & Co Ltd has obtained loans by mortgaging the same property in Bank of Ceylon (BOC) and People’s Bank.…
Diesel & Motor Engineering PLC (DMO) acquired a 94.45% stake in Germany-based EgeSun GmbH’s subsidiary, Tropical Health Food (THF) Pvt Limited for Rs.450.08 million yesterday. The owner of EgeSun, Orhan…
The U.S. and Keells are partnering to strengthen small businesses in Sri Lanka through an agreement to connect Keells suppliers with private business advisory service providers. “The small businesses that…
(Reuters) – Sri Lanka increased fuel prices on Tuesday, a long-flagged move to mend public finances and combat its debilitating economic crisis, but the hikes are bound to add to…
The Government of Japan is giving essential medicines to Sri Lanka through UNICEF to meet the urgent needs of the most vulnerable population as the country grapples with shortages due…
The Ceylon Chamber of Commerce officials met with the leaders of several key political parties during the last 4 days to discuss the serious economic and political challenges faced by…
(Reuters) – U.S. investment bank JPMorgan backed Sri Lanka’s crisis-hit government bonds on Wednesday, saying recent political changes in the country should gradually improve its strains and help its talks…
Due to the ongoing political unrest in Sri Lanka, shipping lines are going for transshipment routes that do not pass through the port of Colombo for the transport of goods…
Following the latest fuel price increase, a full tank (45 Liters) of Petrol (Octane 92) now accounts for almost 1/4th of average monthly household expenditure in Sri Lanka as measured…
The Central Bank of Sri Lanka (CBSL) recently launched the Sri Lanka Green Finance Taxonomy with an objective to enable the country’s financial market participants to raise low-cost funding for…
(Reuters) – Protesters and a key trade group in Sri Lanka called for a new government to take control of the crisis-hit country on Tuesday while the president asked for…
UN Secretary-General Antonio Guterres wants Sri Lankans to find a solution through dialogue to the crisis in their country, whose Prime Minister Mahinda Rajapaksa resigned amid violent clashes spurred by…
By Keshini Madara Marasinghe Sri Lanka is experiencing its worst economic downturn in history. Due to depleting foreign reserves, the country is facing shortages in fuel, food, cooking gas, medicines,…
(Reuters) – On a lush plantation in Sri Lanka, Arulappan Ideijody deftly plucks the tips of each tea bush, throwing them over her shoulder into an open basket on her…
Two Secretaries to Ministries, a Secretary to State Ministry, and three Ambassadors received the approval of the Parliamentary Committee on High Posts today (05). This approval was granted at the…
Colombo Bourse closed in the red zone on Wednesday after consecutive gains during the last three trading sessions as a selling spree emerged, First Capital Research said. Following the long…
(Reuters) – Sri Lanka plans to replace its current “unrealistic” budget and is in talks with the World Bank to extend its support by $300 million to $700 million, the…
Crisis-ridden Sri Lanka has identified seven classes of products, aside from petroleum, to be imported from India this year under credit facilities, according to Indian media reports. The product classes…
Sri Lanka must tighten monetary policy and raise taxes to address its debt crisis, a senior International Monetary Fund (IMF) official said on Tuesday, even as Lanka’s President Gotabaya Rajapaksa and the cabinet…
U.S. Ambassador Julie J. Chung visited Jaffna from April 24 to 27 in her initial trip to northern Sri Lanka as Ambassador. “It was essential to me to visit…
The World Bank has agreed to provide Sri Lanka with $600 million in financial assistance to meet payment requirements for essential imports, according to Sri Lankan president’s media division said.…
(Reuters) – Sri Lanka has begun discussions with China about refinancing its debt, a cabinet spokesman said on Tuesday, as Colombo struggles with its worst financial crisis in decades. China…
Op-Ed by UNICEF Sri Lanka Article 3(1) of the United Nations Convention on the Rights of the Child (CRC)states that, “ln all actions concerning children the best interest of the…
The fuel stocks expected to arrive within the next three days will gradually end the long queues at filling stations around the country, the Ministry of Power and Energy said.…
State-Owned Building Materials Corporation (BMC) has failed to prepare financial statements since 2016, Committee on Public Enterprises (COPE) revealed. This was revealed at the COPE meeting chaired by Prof. Charitha Herath…
Conrad Dias, the previous Chief Executive Officer of LOLC Finance PLC assumed duties as the Non-Executive Chairman of LOLC Finance PLC. In alignment with the financial sector consolidation plan of…
Amid the ongoing economic crisis in Sri Lanka, HCL Technologies said that it has not seen any business impact on its deliverables, or any slowdown in hiring in the region,…
(Reuters)- Crisis-hit Sri Lanka has paid for two Russian cargoes to SUEK AG’s Singapore unit through a telegraphic transfer, two senior government officials told Reuters, in a move that is…
(AFP) – Crisis-hit Sri Lanka’s inflation hit a record high for the sixth consecutive month, official data showed on Friday as the government asked the IMF for an urgent bailout. The…
The prevailing forex crisis in Sri Lanka has severely impacted many industries in the country’s economy, including the dairy industry. As an industry with endless potential to help the economy,…
The World Bank on Tuesday expressed their support to Sri Lanka during a meeting with Finance Minister Ali Sabry in Washington DC, which was attended by the World Bank’s private…
By Anis Chowdhury and Jomo Kwame Sundaram Sri Lanka has just defaulted on its foreign debt for the very first time. Attributing its current predicament to a Chinese ‘debt-trap’ is a new Cold War…
Sri Lanka’s continued fuel crisis has prompted India to extend another helping hand to the troubled island nation with an additional $500 million in financial aid. Sri Lanka’s foreign ministry…
The Sri Lanka rupee has further depreciated against the US Dollar, the Central bank of Sri Lanka (CBSL) said. The rupee has depreciated by Rs. 5 against the Dollar in…
(Reuters) – India and Sri Lanka have resumed talks on linking their electricity grids, officials told Reuters on Tuesday, a step that could aid New Delhi’s goal of reducing China’s…
Colombo Stock Brokers Association (CSBA) defends the decision by the Securities and Exchange Commission of Sri Lanka (SEC) to temporarily close down the Colombo Stock Exchange (CSE) for 5 business…
Concerned by the current political deadlock coupled with growing public unrest, Sri Lanka’s Joint Business Chambers led by the Ceylon Chamber of Commerce (CCC) urged President Gotabaya Rajapakse to immediately…
Indian companies have bagged several renewable energy projects in economic-crisis hit Sri Lanka. The Indian government has offered a line of credit to Sri Lanka to help the island nation…
Sri Lanka’s economic outlook is highly uncertain due to fiscal and external imbalances. Urgent policy measures are needed to address the high levels of debt and debt service, reduce the…
Fitch Ratings has downgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘C’ from ‘CC’ following the Government’s decision to suspend debt servicing of several categories of its external…
(Reuters) – Sri Lanka’s central bank said on Tuesday it had become “challenging and impossible” to repay external debt, as it tries to use its dwindling foreign exchange reserves to…
With the nation of Bangladesh poised to become an economic powerhouse in the South Asian region,the Ceylon Chamber of Commerce hosted a meeting with a high-level delegation representing theBangladesh Export…
The Colombo Stock Exchange (CSE) will not be operating on 11th and 12th April with the Government having declared special public holidays. It would mean that the stock market will…
The Sri Lanka Institute of Marketing (SLIM) elected Mr. Nuwan Gamage as it’s 44th President in its 52nd year along with New Council of Management and Executive Committee for the…
(Reuters) – Sri Lanka’s central bank on Friday doubled its key interest rates, an unprecedented 700 basis points each, to cushion the rise in inflation caused by a crippling shortage…
23 industry associations, representing private sector firms engaged in export, import andlogistics industries warned of catastrophic consequences for Sri Lanka’s economy and the people if the ongoing economic and political…
Linnean Society of London has awarded veteran naturalist and zoologist Dr.Rohan Pethiyagoda with its prestigious Linnean Medal of zoology for the critical played by him in the understanding and conservation…
Asian Development Bank (ADB) projects Sri Lanka’s economic growth to slowdown to 2.4% this year and to pick up slightly to 2.5% in 2023. “The outlook is clouded by Sri…
GLOBAL asset managers including Fidelity Investments and T Rowe Price Group could be staring down the risk of default in Sri Lanka in the face of a deepening economic crisis.…
The Colombo Tea Traders’ Association (CTTA), the apex private sector body comprising ofall Stakeholders namely Growers, Manufacturers, Brokers, and Buyers/Exporters warn of dire consequences if the current fuel and power…
(Bloomberg) : The boom in Sri Lanka’s stocks has turned to bust as a 33% slide renders the market the world’s worst performer this year after Russian equities. The slide in Sri…
The Central Bank of Sri Lanka (CBSL) has delayed the announcement of the Monetary Policy Review decision which was scheduled for tomorrow with the resignation of the CBSL Governor, Ajith…
We represent the product, services, and startup companies of the ICT ecosystem in Sri Lanka. This community is a free and an independent group of industry leaders who deeply value…
Sri Lanka shares had their worst weekly fall ever on Friday, having extended losses to a fifth straight session, with the Colombo Stock Exchange halting trade for a third consecutive…
(Reuters) – The International Monetary Fund will initiate discussions with Sri Lankan authorities on a possible loan program in coming days, IMF spokesperson Gerry Rice said on Thursday, as the…
Issuing a brief statement today, Sri Lanka’s utility regulator, the Public Utilities Commission of Sri Lanka (PUCSL), Chairman, Janaka Ratnayake announced the filing of a petition with the supreme court.…
Considering the complaints received from general public that Prasanna Money Exchange (Pvt) Ltd is offering higher exchange rates, the Central Bank of Sri Lanka (CBSL) has temporarily suspended the permit…
Exterminators Limited created history yesterday, becoming the first-ever pest control firm to be listed on a stock exchange in South Asia & the developing and emerging world, the company announced.…
A new global survey conducted by Ipsos for the World Economic Forum finds that, even though most consumers across the world expect their purchasing power to be impacted by rising energy prices, few blame…
(AFP) – The sky and seas off Sri Lanka’s coast are crystal blue but a worsening economic crisis has kept fishermen moored at Negombo harbour, out of gas and unable to…
Entering into a reverse course in money-printing, the Central Bank of Sri Lanka (CBSL) plans to cut nearly one-third of its holdings (Rs.500 billion) in government securities amidst rising inflation…
(Reuters) – Sri Lanka’s economy grew at a slower-than-expected 1.8% in the fourth quarter of the 2021 financial year, taking its full-year growth to 3.7%, data from the government’s statistics department showed on Tuesday. Lower than…
Colombo Bourse dropped down for the second day while recording the highest intraday loss in four and half weeks amidst the uncertainties attached to the aggravated power cuts and fuel…
The Minister of Labour, Nimal Siripala de Silva urged the private sector to prioritize their social responsibility towards their employees in order to achieve shared prosperity. “ For businesses to…
In Sri Lanka, women are denied equal access to the jobs market not just because of family or social factors, but also by employers. This is the focus of a…
Sri Lanka faces “solvency” issues because of risks stemming from unsustainable debt levels that jeopardize the nation’s economy, according to International Monetary Fund staff. “Based on staff analysis, the fiscal…
The proposed train fare hike which was to be in effect from midnight Thursday (24) has been temporarily blocked by the Transport Ministry. According to the Transport Minister, Dilum Amunugama,…
By Faris Hadad-Zervos. World Bank and Hans Timmer Sri Lanka has managed the health and safety aspects of the COVID-19 pandemic in a commendable way. The nation has been and…
Watawala Plantations PLC has entered into a share sale and purchase agreement on 21st Marchwith Aruna Moragoda, who owns a 100% stake in Moragoda Agro Services (Pvt) Ltd for Rs.88.5…
Sri Lanka’s National inflation measured by the national Consumer Price Index (NCPI) accelerated to its highest levels since 2015 17.5 percent on a Year-on-Year basis in February 2022, the Department…
The United States’ Under Secretary of State for Political Affairs Victoria Nuland arrived in Colombo with an interagency delegation for meetings with the Government of Sri Lanka, as well as…
A shipment worth 35,000 Metric Tonnes of diesel from India arrived this morning. This is the first diesel shipment purchased under the Credit Line obtained from India. According to the…
At least two people have died in Sri Lanka while waiting in long queues for fuel, officials say, as widespread shortages and sky-rocketing prices cause misery and hardship across the…
Following the decision to float the exchange rate of the Rupee, the Central Bank of Sri Lanka (CBSL) announced the decision to withdraw the proposed scheme for additional incentives for remittances…
The highways Minister Johnston Fernando had reviewed the progress of the new highway project, which spans from Ingurukade junction to Colombo Port city. The project is to be completed and…
Business earnings to take a hit from rising inflation levels which are projected to accelerate at double digits for the rest of the year, First Capital Research stated. “While 2022…
Sri Lanka’s Finance Minister Basil Rajapaksa signed a $1 billion credit line with India on Thursday to help ease crippling shortages of essential items, including fuel, food and medicine, officials…
Increase in production costs resulted in all soft and hard liquor prices in Sri Lanka to go up from today midnight, with approximately Rs.100 per bottle of arrack and Rs.10…
The Urban Development Authority (UDA) has proposed to set up Special Economic Zones (SEZs) in Galle, Bandarawela, Ratnapura city center, Thimbirigasyaya, Fort, Pettah, and Kollupitiya under proposed city development plans. Urban…
Russian oligarchs will no longer have access to baubles such as the cars, artworks and designer handbags sold by British companies, after the government blocked exports worth hundreds of millions…
This week U.S. Ambassador Julie Chung visited Kandy to preside over events marking two milestones in the United States’ long-standing support to preserving Sri Lanka’s diverse cultural heritage. On March 14,…
(Reuters) – Sri Lanka’s finance minister held talks with a top International Monetary Fund (IMF) official on Monday, two sources said, as the island nation seeks help to deal with…
Sri Lanka’s cabinet of ministers had given the go ahead to raise bus fares by an average of 15 percent, reports said, in the wake of a steep fall of…
Oil prices soared to their highest since 2008 due to delays in the potential return of Iranian crude to global markets and as the United States and European allies consider…
The big four consulting firms — Deloitte, KPMG, EY and PwC have announced the withdrawal of operations in Russia and Belarus over Moscow’s invasion of Ukraine. A spokesperson for KPMG…
Twitter has launched a privacy-protected version of its site to bypass surveillance and censorship after Russia restricted access to its service in the country. Russia has blocked access to Facebook…
The Central Bank of Sri Lanka (CBSL) has removed the interest rate caps imposed on foreign currency deposit products of licensed commercial banks and the National Savings Bank following its…
By Maheswary Sivapragasam (IDN) — As land forgery continues unabated in Sri Lanka, something has to be done to prevent the prevalent rate of land fraud, with legal owners and…
The COPE Chairman (Prof.) Charitha Herath stated that decisions taken by the Board of Directors of Public Institutions occasionally, cause chaos when it comes to public money. The Chairman stated…
A Gazette Extraordinary has been issued by the Department of Import and Export Control limiting the import of 367 non-essential goods to Sri Lanka. Accordingly, the Imports and Exports Control…
(Reuters)- Sri Lanka’s central bank said foreign currency reserves dropped to $2.31 billion by the end of February, a level that could provide a month’s breather in efforts to lure…
By Asanga Abeyagoonasekera 141 of the 193 United Nations member states voted for the UN resolution on Russia’s aggression (thirty-five abstained and five voted against). Almost the entire world has…
(TBSNews): Sri Lankan conglomerate Softlogic’s retail holdings wing entered into an agreement on Friday to fully acquire Agora, Bangladesh’s first-ever and second-largest supermarket chain, according to public disclosure by the…
The International Monetary Fund (IMF) urges Sri Lanka to implement an ambitious fiscal consolidation that is based on high-quality revenue measures which consist of raising income tax and VAT rates…
By Asanka Wijesinghe The Russian invasion of Ukraine deepens the existing global economic woes – persistent supply chain bottlenecks and associated rising inflation – clouding the prospects of a smooth global economic recovery from…
Colombo-based independent research house, First Capital Research predicted an 80 percent probability for a policy rate hike at the upcoming Monetary Policy Review Meeting of the Central Bank of Sri…
U.S. Ambassador Julie Chung witnessed the signing of the Memorandum of Understanding (MOU) between DFCC Bank and the U.S. government’s Agency for International Development (USAID) Private Sector Development project to…
The Ceylon Chamber of Commerce (CCC) recently launched the 7th edition of its flagship annual OutlookReport for 2022 at the Economic Outlook 2022 webinar. Titled ‘Road to Recovery: Overcoming Challenges’,…
Sri Lanka’s tourism earnings have overtaken Workers’ remittances inflows in January this year as emittances inflows fell to a fresh 13-year-low of $ 259 million in January amidst parrel exchange…
(Reuters) – Sri Lankan shares plunged nearly 7% on Wednesday as fuel shortage-induced countrywide power outages spooked investors amid the nation’s worst economic crisis in years. The CSE All-Share index…
(Bloomberg) — Many Sri Lankan voters who backed President Gotabaya Rajapaksa’s election bid three years ago are now struggling to make ends meet. His government is spending to ensure that…
By Asanga Abeyagoonasekera Sri Lanka’s economic meltdown is one of the worst in recent decades, pushing many families into poverty. The situation is rapidly spiraling out of control with multiple…
With Colombo Port City and Cinnamon Life emerging as Sri Lanka’s most attractive investmentopportunities in the property and leisure sectors, a webinar hosted recently by the Sri Lanka CanadaBusiness Council…
A new report published by the United States Patent and Trademark Office (USPTO), “Patenting Activity among 5G Technology Developers,” concludes that there is global competition in 5G innovation, with no one company dominating the…
The membership of the Ceylon Chamber of Commerce notes serious concerns on the provisions of the Surcharge Tax Bill that has been gazetted recently to implement the budget proposal on…
(SPGlobal): Suppliers at the port of Colombo have retracted offers for delivered 380 CST high sulfur fuel oil due to shortages of the bunker grade as local refineries direct the…
Sri Lanka’s Dialog Axiata PLC, a subsidiary of Malaysia’s Axiata Group Berhad expects to incur Rs.3-4 billion payment for the proposed one-off “Surcharge Tax” to be levied on large companies.…
A new report launched today by the World Economic Forum reveals that the Semiconductors, Electronics and Pharmaceuticals sectors are leading the way in the digital transformation of manufacturing. The Manufacturing Transformation…
The European Union (EU) has strongly urged Sri Lanka to lift forthwith import restrictions preventing many European products from entering its market during the 24th meeting of the Joint Commission held…
(Arab News) : Sri Lanka will focus on sending more skilled manpower to the Kingdom and inviting Saudis to tap into its family tourism market, Colombo’s new consul in Jeddah…
The overall selling prices of houses had increased by 22.53% and apartments by 17.68% in Q4 2021 when compared to Q4 of 2020, indicating an all-time high price, according to…
AFP : The International Monetary Fund is ready to discuss “options” with Sri Lanka if the government asks for financial support, its mission chief for the island told AFP on…
Pakistan is likely to issue a $200 million loan to Sri Lanka after the country will get a loan installment of $1 billion from International Monetary Fund (IMF). According to…
(AFP) : Sri Lanka has asked for “advice” from the International Monetary Fund amid a worsening economic crisis, the finance minister said Wednesday, signalling Colombo could seek an international bailout. The…
Ceylon Graphite Corp. (“Ceylon Graphite”) announced that it has achieved a significant breakthrough in the performance of its silicon enhanced vein graphite anode material for the lithium-ion (“Li-ion”) battery market.…
Under the Central Bank of Sri Lanka’s (CBSL) Masterplan for Consolidation of Non-Bank Financial Institutions, nine Finance companies have already introduced fresh capital of Rs 12.56 billion to meet regulatory…
Sri Lanka’s saving interest rates are continuing on an upward trajectory in responding to monetary policy tightening measures taken by the Central Bank of Sri Lanka (CBSL). The Average Weighted…
Sri Lanka imported $351.9 million worth of telecommunication devices (mainly mobiles and telephones) in the first eleven months of 2021 indicating a 52.3 percent increase over the corresponding period of…
The main index of the Colombo Stock Exchange (CSE), the All Share Price Index (ASPI) is forecasted to reach the 15,000 mark in the first quarter of the year before…
Ceylon Electricity Board Engineers Union (CEBEU) calls for the removal of the CEB Chairman M C Ferdinando amidst escalating row on the appointment of CEB General Manager (GM) in the…
The Monetary Board of the Central Bank of Sri Lanka (CBSL) has increased policy rates by 50 basis points to l curtail the possible build-up of underlying demand pressures in…
International and local economic experts and corporate leaders stressed the need for a concrete, long-term and bold reform agenda for the economy as the country braces for a critical year…
Construction of the second phase of the Eastern Container Terminal (ECT) of Colombo harbor commenced today (12th) morning under the patronage of President Gotabhaya Rajapaksha and Prime Minister Mahinda Rajapaksha.…
Sri Lanka will focus on ‘homegrown solutions’ to settle $6.9 billion external debt servicing obligations for 2022 with nearly half of these obligations falling within the 1st quarter of the…
Ceylon Graphite Corp. has successfully renewed its Environmental Protection Licence from the Central Environmental Authority (CEA) of Sri Lanka for ongoing operations at the K1 Mine project, the company announced.…
Sri Lanka’s standardized National Quick Response code – LANKAQR based transactions topped Rs. one billion in value for the first time in the third quarter of 2021. With a total…
Sri Lanka’s top business chambers urged the government to seek the support of the International Monetary Fund (IMF) as the forex crisis deepens pushing some businesses to consider relocating and…
Minister of Labor Nimal Siripala de Silva says that the government has decided to distribute the abandoned lands of the plantation companies to the plantation workers or the youth of…
(Reuters) – Sri Lanka’s economy shrank 1.5% in the third quarter from a year earlier due to a third COVID-19 wave that peaked in August hitting industries and services, the government…
The European Commission has today proposed a new tool to counter the use of economic coercion by third countries. This legal instrument is in response to the EU and its…
Most of Sri Lanka’s exporters are grappled with high costs in sourcing export inputs with some exporters are struggling to source export inputs while facing shortages, according to a recent…
Today, United States President Joe Biden announced he has appointed Alaina B. Teplitz to serve as Assistant Secretary of State for Administration. Ambassador Alaina B. Teplitz is a career member…
Browns Investment PLC, the strategic Investment Arm of Ishara Nanayakkara-controlled LOLC Group moves to invest in key leisure and tourism projects of Chinese-backed Colombo Port City (CPC) as it secured…
A Standard for LP Gas has already formulated The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator and the designated regulator for the petroleum industry, together with…
Nearly 200,000 additional Pfizer-BioNTech vaccine doses arrived in Sri Lanka today as a donation from the American people. This gift demonstrates the ongoing commitment of the United States to support Sri…
Monisha Abraham has replaced Nedal Salem as the new Managing Director (MD), Chief Executive Officer (CEO), and n Executive Director of Ceylon Tobacco Company PLC (CTC) with immediate effect, making…
In a bid to promote boardroom diversity and establish a network of existing and prospective women directors, the Women Corporate Directors Foundation (WCD)—the largest organization of women corporate board members…
By Dr.Vagisha Gunasekara Summary Sri Lanka’s current economic quagmire is due to three overlapping economic crises: a meshing of another long drawn-out global capitalist bust phase (which commenced with the…
Chinese-state owned China Communications Construction Company has secured two lucrative port deals at the deep-water East Container Terminal (ECT) of Port of Colombo as China made further inroads deep into…
Sri Lanka along with Egypt, Romania, Turkey are vulnerable to an exchange rate crisis in the next 12 months, according to Nomura’s early warning indicator of exchange rate crises, Damocles.…
(The Daily Star): Bangladesh Bank has lent $100 million more to Sri Lanka to help the island nation stay afloat tackling a foreign exchange crisis. The fund was transferred from…
Former Sri Lanka Podujana Peramuna (SLPP) Kalutara District parliamentarian and Former Minister Mahinda Samarasinghe is scheduled to take up the post of Ambassador of Sri Lanka to the United States…
Stax Inc, an analytically-driven global M&A strategy consulting firm management consultancy with offices in Sri Lanka and the United States secured a strategic investment from a US-based private equity firm, Blue…
First Capital Holdings has emerged as the strongest dividend yield stock among listed entities on Colombo Stock Exchange (CSE) for the one-year period ending on the 30th of June this…
The appointment of 08 Secretaries to Ministries has been approved by the Committee on High Posts. General (Retd.) Kamal Gunaratne, Secretary to the Ministry of Defense was among the Secretaries…
The United States Agency for International Development (USAID) announced its new $19 million, 5-year Sri Lanka Energy Program recently. Once finalized, this grant will support the Government of Sri Lanka’s…
Sri Lanka was once the third-largest producer of coffee in the world. Devastatingly, the coffee leaf rust disease wiped out the country’s plantations in the 1860s and exports have remained…
Commercial Bank of Ceylon PLC won the coveted ‘Best Corporate Citizen Sustainability Award 2021’ at an annual event organized by the Ceylon Chamber of Commerce, the country’s premier business chamber,…
Ahead of the Monetary Policy Review Meeting of the Central Bank of Sri Lanka (CBSL), the First Capital Research predicted a 50% probability for a policy rate hike to prevent…
Sri Lanka’s Department of Immigration and Emigration is yet to update the “Electronic Travel Approval” (ETA) system which aims to provide a more comprehensive and attractive service for tourists planning…
The Largest Association of Gem Dealers in Sri Lanka, the Chinafort Gem and Jewellery Traders Association welcomes the Government’s initiatives to promote Ease of Doing Business measures in the Gem…
By Uditha Jayasinghe (Reuters) – Sri Lanka has temporarily shut its only oil refinery as part of efforts to manage dwindling foreign exchange reserves, the energy minister said on Tuesday, triggering…
Sri Lanka’s second-largest listed firm, Expolanka Holding PLC will not be subjected to a one-off 25% surcharge tax proposed in budget 2022 given the company’s earnings heavily skewed its overseas…
The United States government disbursed $150 million in financing to DFCC Bank on November 12 to support the sustainable development of Sri Lankan community-based businesses, the U.S Embassy in Colombo announced…
Sri Lanka’s government has revised the fiscal deficit projection to 11.1 percent of GDP in 2021 from the original 8.9 percent target with large shortfalls in income tax, Customs Import…
Sri Lanka’s Government proposed to impose a one-time surcharge tax of 25 percent on 62 individuals and companies with an annual turnover of more than Rs. 2 billion in the…
The Central Bank of Sri Lanka today published “Recent Economic Developments: Highlights of 2021and Prospects for 2022” online with an overview of the performance of the Sri Lankan economy in…
The investment ecosystem in Sri Lanka has drastically changed over the last few years, leading tomore opportunities and growth for local entrepreneurs. To better understand this growth, the Council for…
Sri Lanka’s tourism officials eyes direct air connectivity for tourism recovery as the Island destination attracted 22,771 tourists in October indicating modest improvement owing to factors such as vaccination advances…
Sri Lanka signed up to the 30by30 target committing to declare a minimum of 30% of the country’s marine reserves as protected areas by 2030 at COP26 in Glasgow along…
Pre-sales of John Keells Holdings (JKH)’s Pre-sales of ‘Cinnamon Life’ Residential Towers continue to move at a snail’s pace as of 30th of September this year despite the project nearing…
With stock market-listed ocean carriers reporting even better-than-expected profits for the third quarter, their executive boards are being forced yet again to upgrade full-year earnings forecasts. A third of the…
Buoyant by strong demand for its brush filament and polyester yarn products, Sri Lanka’s leading brush marker, BPPL Holdings PLC is considering installing a third polyester yarn plant with another…
Seeds for a smart culture of financial management Whether you take a personal or a societal viewpoint, smartsaving and investing isn’t just a process. It’s a culture, and as ‘Lifestyle…
Verité Research’s BudgetPromises dashboard on the PublicFinance.lk platform sheds light on two questions aboutSri Lanka’s budget: “is the Government doing what it is saying?” and “is the Government saying whatit…
Expolanka Holding PLC (EFL) last week became the first company on Colombo Stock Exchange (CSE) to reach Rs.400 billion in market capitalization. Capitalizing on favourable pricing trends in the logistic…
By Dushni Weerakoon Sri Lanka recently passed emergency regulations to deal with food shortages and price increases. Such powers are typically invoked to address public security concerns. But in this instance, they…
Sri Lanka’s leading player in the Capital Markets services sphere entered into an investment and partnership agreement with Bangladesh’s BetaOne Investments Limited as it continues with its journey to realize…
The Central Bank of Sri Lanka expects headline inflation to deviate somewhat from the targeted level of the 4-6 percent range in the near term while continuing to prioritize policy…
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 13 October 2021 decided to maintain policy rates at current levels In consideration of the…
The U.S. Cotton Trust Protocol welcomes global apparel manufacturer Hela Clothing, a provider of sustainability-focused supply chain solutions, as a new member. With facilities located in Sri Lanka, Kenya, Ethiopia…
Major reform of the international tax system finalised yesterday at the OECD will ensure that Multinational Enterprises (MNEs) will be subject to a minimum 15% tax rate from 2023. The…
By Imesha Dissanayake Maritime Freight rates have been on an upward trend since the second half of 2020. The Drewry’scomposite World Container Index (WCI) as of 30th September 2021 increased…
By William P. Mako, David Robinett State-owned enterprises have long provided crucial infrastructure and other goods and services across Asia and the Pacific. Historically, these companies raised money directly from governments, or…
The Asian Development Bank (ADB) has approved a $110 million loan as additional financing for the ongoing Health System Enhancement Project that is improving the primary health care system (PHC)…
The Central Bank of Sri Lanka (CBSL) removed the 100 percent cash margin deposit requirement imposed on 623 ‘non -essetial’/non urgent’ imported goods including mobiles, home appliances, clothing, household, and…
Sri Lanka banned the import of organic fertilizers manufactured in China after state agriculture authorities detected harmful bacteria in them for the second time. Director General (DG) of Agriculture, Ajantha…
Sri Lanka will end its COVID-19 lockdown enforced last month on October 1, health minister Keheliya Rambukwella said on Wednesday, even as the medical professionals warned against the unrestricted re-opening…
(Reuters) – China’s power supply crunch, that has shut factories across the country, may pose a much bigger threat to the economy than the debt crisis at Evergrande Group (3333.HK), prompting…
(Reuters) – TikTok hit 1 billion monthly active users globally this summer, the company told Reuters, marking a 45% jump since July 2020. The United States, Europe, Brazil and Southeast…
South India’s textile and fabric exporters are worried that the economic crisis in Sri Lanka–India’s second-largest export destination for clothing products—may lead to a delay in payments from buyers in…
VOA News: A powerhouse in global trade, China has more shipping ports at home than any other country. Key investments add about another 100 ports in at least 60 nations.…
The Colombo Stock Exchange (CSE) today announced the appointment of Asanga C. Seneviratne as a Directorof the CSE Board with effect from 23rd September 2021. Seneviratne has previously served on…
Seven countries have signed a pledge initiated by the United Nations to stop building new coal power plants, with the aim to gather more signatures before the global climate summit COP26 in…
By Rabah Arezki and Jean-Pierre Landau As the global economy begins to emerge from the COVID-19 crisis, managing inflation risks will be much more challenging in developing countries than in…
Sri Lanka Agripreneurs’ Forum (SLAF) expressed grave concerns regarding the importation of a batch of contaminated organic fertilizer following confirmation from the Minister of Agriculture and National Plant Quarantine Services…
United Stated-based New Fortress Energy Inc. (“New Fortress”) and Sri Lanka’s Government have executed a definitive agreement for New Fortress’ investment in West Coast Power Limited (“WCP”), the owner of the 310…
Sri Lanka is experiencing acute food emergency. Long food queues are seen even in Colombo neighbourhoods amid tight lockdown measures. Shelves at government-run supermarkets are running low – some even…
Workers’ remittances inflows into Sri Lanka declined sharply for the third consecutive month in August erasing the growth see in remittances inflows in the early months of the year. The…
Natural gas prices are soaring around the world in what has become something of a global supply crunch. Prices in the U.S. recently hit a 7-year high, natural gas prices…
The outstanding foreign currency borrowings of Sri Lanka’s banking sector rose for the first time in a year in the second quarter(2Q2021) in the line with the Central Bank of…
International Monetary Fund (IMF) Managing Director Kristalina Georgieva today announced that Sri Lankan national Sharmini Coorey who has been the Director of the Institute for Capacity Development (ICD) since 2012,…
Sri Lanka’s largest corrugated carton manufacturer, Ex-Pack announced an unpacking of a new beginning, through its impending Rs.700 million initial public offering (IPO) for a 25 percent stake in the…
First Capital Research (FCR) recommends investors to limit the exposure to equities to 50% or to aggressively shiftportfolio to defensive counters amidst expectations on overall Interest rates rise and a…
Pakistan was downgraded from its status as an emerging market, a little over four years after it was reclassified from the Frontier Markets (FM) Index by Morgan Stanley Capital International…
The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) today recorded the largest single-day point decline of 328 points as the Bourse ended up closing in red…
Sri Lanka has $267 billion worth of oil and gas resources hidden in the Mannar Basin in the North-West of the country where the government stands to gain $ 133.5…
Sri Lanka’s Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National ConsumerPrice Index rose to a record high of 6.8 percent in July 2021 from 6.1 percent…
Indices at Colombo Stock Exchange (CSE) reached new heights yesterday making robust gains while turnover recorded a high at Rs.10.8 billion surpassing the earlier record set nearly seven months back…
Young people living in Sri Lanka are ranked at 61st riskiest globally to the impacts of climate change, threatening their health, education, and protection, according to a new UNICEF report…
(Reuters) – The Central Bank of Sri Lanka (CBSL) became the first in Asia on Thursday to raise interest rates since the pandemic began, as it acted to stem inflationary…
Stricter regulations relating to import delivery fees and import container deposit refunds have been announced by the Sri Lankan Director General of Merchant Shipping (DGMS). Under this new regime, the maximum…
166,284 Credit Cardholders in Sri Lanka were placed on the Credit Information Bureau’s (CRIB) blacklist with Rs.16 billion in arrears by the end of Q12021, CRIB data showed. Defaulted Credit…
Business sentiment among Sri Lanka’s small and medium-sized enterprises (SMEs) remained pessimistic with an overall score of 36.3 out of 100, ‘SME pulse’ survey conducted by Sri Lanka@100. SME pulse computes…
UAE’s flagship airline Emirates confirmed yesterday that the suspension of inbound flights from Sri Lanka, India, Pakistan, and Bangladesh has been extended at least till August 7, 2021. The airline…
The Ceylon Chamber of Commerce (CCC) and the Accelerating Higher Education Expansion and Development (AHEAD) Operation will be jointly organizing a Virtual Exhibition to promote Agri and Livestock Sector Innovations…
Headline inflation based on the National Consumer Price Index remained unchanged at 6.1 percent in June1 due to the statistical effect of the high base prevailed in June 2020. Meanwhile,…
Sri Lanka’s regulator for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), the Financial Intelligence Unit (FIU) imposed financial penalties on Union Bank of Colombo PLC and DFCC Bank PLC…
Sri Lanka – Singapore Business Council (SLSBC) headed by leading venture capitalist Prajeeth Balasubramaniam is facilitating cooperation between Sri Lankan and Singaporean authorities to support the Central Bank of Sri Lanka…
Growth in large-scale solar capacity is expected to exceed wind growth next year for the first time, according to a new report from the U.S. Energy Information Administration. In its…
The Central Bank of Sri Lanka (CBSL) decided to hold key policy rates at their current levels despite concerns over rising inflation rates and possible inflationary pressures over the medium…
Sri Lanka’s diversified Conglomerate LOLC Holdings PLC has entered into MOU with Vancouver-based Ceylon Graphite Corp. to jointly develop at least three new graphite mines and to set up a…
The United States is providing a welcome boost to Small and Medium Enterprises (SME) in Sri Lanka struggling with the impact of the pandemic. The U.S. International Development Finance Corporation…
The Ceylon Chamber of Commerce commends the efforts taken by the President, Ministry of Health, and other relevant authorities to accelerate the process of vaccinating the population of Sri Lanka…
In an effort to drive growth in the Digital Marketing industry, Sri Lanka’s foremost digital marketing experts have come together to launch the Digital Marketing Association of Sri Lanka (DMASL),…
The government has extended suspensions/restrictions on capital forex outflows (outward remittances) by six months with effect from the 2nd of July this year to preserve the country’s shrinking FX reserves.…
By Jeevethan Selvachandran Over the last few months, the world has watched India struggle through an unimaginable COVID-19 situation – over the first half of 2021, the pandemic’s second wave wreaked havoc…
The Ceylon Chamber of Commerce elected Vish Govindasamy as its Chairman during the Chamber’s 182nd Annual General Meeting on Tuesday (29). He succeeds Dr. Hans Wijayasuriya who completed his 2-Year Term as…
The Central Bank of Sri Lanka is expecting a $250 million boost from its dwindling foreign exchnage reservers from the Bangladesh Bank in July. “Inflows expected to the Central Bank…
Depending on the scale of production of vaccines, India is aiming to meet vaccine orders placed by Sri Lanka and other South Asian neighbors by July-end or August, The Print…
The United States is imposing a ban on the entry of dogs from Sri Lanka and several dozen other countries that have been identified as “high risk for importing dog…
The International Fund for Agricultural Development (IFAD) together with the Government of Sri Lanka last week signed a financial agreement to launch the Smallholder Agribusiness and Resilience Project (SARP). The…
Reuters: Asia Pacific investments in renewable energy generation by 2030 may double to $1.3 trillion from the previous decade, dwarfing fossil fuel power expenditures that are expected to drop by…
In an effort to support all players in the SME Eco-system, the Ceylon Chamber of Commerce has organized a National SME Forum in collaboration with public, private, and Non-Governmental sector…
The coronavirus crisis has indicated a major twist in the approaches utilized by the corporate work setting all around the globe. Instead of visiting the office regularly and engaging in…
The Sri Lanka Retailers’ Association (SLRA), the apex body for organized retail in Sri Lanka is requesting landlords, lessors, and business partners to reduce leases and rentals for the Association’s…
Sri Lanka’s mobile and fixed broadband speeds sharply deteriorated in May as the country reverted to Working From Home (WFH) with the unofficial lockdown coming into effect from late April.…
Consumers in Sri Lanka are set to benefit from a new $5 million investment by International Finance Corporation (IFC) to Sunshine Consumer Lanka Ltd, a subsidiary of Sunshine Holdings PLC…
Gulam Chatoor the present Chairman of Saboor Chatoor (Private) Ltd, one of the leading spice exporters of Sri Lanka records nearly seven decades of piloting the company. To date, Gulam…
International Monetary Fund Managing Director Kristalina Georgieva made the following statement yesterday at the conclusion of her virtual participation in the G7 Leaders’ Summit: “I would like to thank Prime…
Rebeca Grynspan of Costa Rica will be the new Secretary-General of UNCTAD, the UN trade, and development body. Her nomination to the post by UN Secretary-General António Guterres was approved…
Sri Lanka’s gross official foreign exchange reserves tumbled to $ 4.02 billion at end of May from $4.5 billion a month ago as the country faces $3.5 billion external debt…
The International Air Transport Association (IATA) expresses frustration at the lack of coordination among governments worldwide for a data-driven risk-managed approach to re-establishing the freedom to travel while welcoming relaxation…
The 35-year-old Colombo Stock Exchange (CSE) set eyes to take a quantum leap – towards a much more comprehensive and multi-product securities exchange before 2025 in catching up with lost…
Sri Lanka is preparing to launch its first official Tourism ‘Travel App’ with the assistance of WorldBank and Asian Development Bank with a focus on enhancing the visitor experience and improving the…
The United States continues to stand with the people of Sri Lanka in the battle against the COVID-19 surge. Yesterday, U.S. Embassy Charge d’Affaires Martin Kelly and Secretary to the…
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, granted its approval for the 2nd Re-gasified Liquid Natural Gas-fired Combined Cycle power plant to be tendered to…
(UrduPoint News / Sputnik) The prospective plans for Russia to develop a nuclear power plant for Sri Lanka are not part of the agenda of this year’s St. Petersburg International Economic Forum (SPIEF), Sri Lankan State Minister of Money and…
The Ceylon Chamber of Commerce (CCC) recently entered into an MOU with Market Development Facility (MDF), Australia’s flagship private sector development program, to support the private sector in innovating to…
Fitch expects the new general special drawing rights (SDR) allocation to be approved by the IMF’s board of governors, likely in August. The move will raise foreign exchange reserves for…
By Professor Harsh V Pant Chinese Defence Minister Gen. Wei Fenghe was in Sri Lanka last week seeking to shore up support for Chinese projects at a time when new…
(CNN): The Upper Chamber of United States Congress, Senate last Thursday advanced bipartisan legislation that would counter China’s growing influence by investing over $200 billion in American technology, science, and…
RIL Properties PLC is progressing with negotiations with a potential investor to dispose of its entire stake in FoodBuzz (Private) Limited which owns franchise rights of BreadTalk in Sri Lanka. The…
Feeling the heat from intensifying competition from newcomers, John Keels Holdings (JKH) re-targets to open over 75 Keells branded supermarkets by early 2024. “The Retail sector has seen intensifying pressure…
AFP:Sri Lankan authorities Sunday said they will sue the owners of a Singapore-registered cargo carrier which has burned for 11 straight days off the island’s west coast and caused some…
Disclosure of procurement price of China’s Sinopharm vaccine in Sri Lanka has sparked a row after reports emerged that Colombo had to shell out a higher per-dose price than its…
In a first for Bangladesh, the country has extended a lifeline of sorts to the beleaguered Sri Lankan economy, offering to top up the island nation’s depleting foreign reserves by…
The Bangladesh Bank board on Sunday approved in principle a draft $200-million currency swap deal with Sri Lanka, which is struggling to maintain a moderate foreign exchange reserve. The currency…
World trade’s recovery from the COVID-19 crisis hit a record high in the first quarter of 2021, increasing by 10% year-over-year and 4% quarter-over-quarter, United Nations Conference on Trade and…
A United States (U.S.)-based international leader in Smart City solution provider, Viper Networks Inc along with its local partner Inc entered into three (3) separate contracts with Sri Lanka Telecom…
The Central bank of Sri Lanka (CBSL) is in the process of operationalizing an International Transactions Reporting System (ITRS) that will monitor both cross-border and foreign currency transactions in the…
Colombo-based Pro-market Think-Tank, Advocata Institute proposed five key areas for the consideration of Sri Lanka’s Members of Parliament (MPs) in order to maximize the economic benefits of China-backed Colombo Port…
It was a plot hatched in the utmost secrecy. After striking up a rapport over their shared interest in golf, Discovery chief executive David Zaslov and AT&T boss John Stankey…
A Sri Lankan-based leftist agrarian movement warned the government of possible influences by Indian and Chinese multinational corporations and financial institutions to do away with the recent decision to ban…
What may seem impossible to employees is common practice for multinationals: they shift their profits around the world until they no longer have to pay taxes on them. A global minimum tax…
The Chamber Academy of the Ceylon Chamber of Commerce together with ETIS Lanka recently concluded a short course in Business Economics. The three-session course equipped participants with an alternative, more…
With support from the United States, the Attorney General’s Department inaugurated a state-of-the-art training center and launched an electronic system to track cases and legal files will, which strengthen the…
The Initial Public Offering (IPO) of 100,000 ordinary voting shares of Prime Lands Residencies (PLR) was oversubscribed on Colombo Stock Exchange (CSE) on its opening today (11th), triggering the company…
Virtusa Co-Founder and CEO Kris Canekeratne is setting down at- end of this June after growing the Global business consulting and IT outsourcing provider to $1.3 billion in revenue. Canekeratne along…
In line with the global shift in course towards dining from home, the Sri Lankan private consumption expenditure on dining out in restaurants and hotels experienced a steep decline whilst…
Despite much hype, Sri Lanka’s banking sector’s to Micro, Small and Medium-sized Enterprises (MSMEs) lending portofolio is one of the poorest in the Asia-Pacific region in terms of loan disbursements…
Typically, if you get a COVID-19 vaccine that requires two doses, you should get two of the same vaccine. Two Pfizer shots, or two Moderna shots. Not one and then…
Sri Lanka’s State-owned mobile telco operator, Mobitel extended its lead over Dialog Axiata in mobile network experience while Hutch emerge as the most improved mobile telco operator in Q42020. Holding…
by Col R Hariharan Chinese defence minister’s visit The recently held Quad summit, which transformed an informal framework of the US, India, Japan, and Australia, into a formal grouping with…
The latest IPO entrant to Colombo Stock Exchange (CSE), Prime Lands Residencies (PLR) expects nearly Rs 10 billion cash flow over the next 24-36 months from its pre-sold apartments stock,…
The 5-star Jetwing Beach Hotel in Negombo today (3rd of May) started operations as an Intermediate Care Facility in partnering with Access Group’s Ninewells Hospital to offer world-class health & safety with…
(AFP) : Sri Lanka announced Friday that its economy shrank 3.6 percent last year due to the Covid-19 pandemic, making it the worst downturn since independence from Britain in 1948.…
Eyeing emerging Proptech Start-ups, Leading global commercial real estate services firm, Jones Lang LaSalle Incorporated (JLL)’s Sri Lankan unit joined the Sri Lanka Association for Software and Service Companies (SLASSCOM) which is…
(PTI): Singapore will stop the entry or transit to visitors with recent travel history to Bangladesh, Nepal, Pakistan and Sri Lanka from May 2 following “deterioration” of coronavirus situation in…
The Colombo Bourse today continued to play on a rollercoaster movement throughout the session reverting ASPI back to negative posture “The index spiked in the first few minutes and then…
The Former United States (US) Ambassador to the United Nations (UN) Samantha Power was confirmed by United States Senate as the nineteenth Administrator of the United States Agency for International…
The leading construction comoany, Maga Engineering Pvt. Ltd emerged as the top contractor in Asian Development Bank (ADB) funded projects in the country by securing contracts valued at a staggering…
Sri Lanka’s Gross Domestic Product (GDP) is projected to grow by 4.1% recovering from the Coronavirus crisis on an expansive budget and stronger global demand with a marked rebound expected…
By Winnie Wang Logistics carry dreams. Back in 2007, when I applied to graduate schools in the United States, nothing could beat the excitement of handing over my applications to FedEx,…
By United Nations Conference on Trade and Development (UNCTAD) When the Ever Given megaship blocked traffic in the Suez Canal for almost a week in March, it triggered a new…
U.S. Ambassador to Sri Lanka Alaina B. Teplitz announced the first grants awarded through the U.S. government’s Clean Cities, Blue Ocean program yesterday, totaling $345,000. These grants to Sri Lankan…
Dhamike Perera-controlled, Hayleys Fabric PLC (MGT) entered into an agreement with Ambeon Holdings PLC (GREG) yesterday (22nd April) to acquire the fourth largest fabric manufacturer in Sri Lanka South Asia Textiles…
Sri Lanka’s mobile internet speeds are yet to rebound to pre-pandemic levels while, while Fixed Broadband speeds improved in March surpassing the pre-pandemic levels, according to Ookla’s latest Speedtest Global…
Sweden-based multinational enterprise software firm, IFS today announces its promise to sustainability through a plan to improve the company’s own operations, enable customers to achieve their sustainability goals, as well as…
The International Air Transport Association (IATA) urged states to comply with recommendations on international travel from the World Health Organization’s International Health Regulations (2005) Emergency Committee on testing and risk management during…
The real estate industry needs to transform to serve the needs of people and cities in the next decade, according to a new report released today by the World Economic…
The Earnings of Colombo Stock Exchange (CSE) listed firms rose by 33% percent Year-on-Year (YoY) to Rs 88.6 billion in December quarter maintaining the growth momentum for the second straight…
The Angel Fund, an initiative of the Lankan Angel Network (LAN) has invested Rs. 10 million in Niftron, a blockchain-as-a-service (BaaS) platform that aims to make blockchain simpler and more…
The Lunana area of Bhutan is remote even by the standards of an isolated Himalayan kingdom: It covers an area about twice the size of New York City, borders far…
The Supreme Court today postponed further consideration of the petitions filed challenging the ‘controversial’ Colombo Port City Economic Commission Bill until 10 am tomorrow (20th). The Bill aims to provide…
(Reuters) – The European Commission backed on Tuesday a call from U.S. Treasury Secretary Janet Yellen for a global minimum corporate tax, but said its rate should be decided in…
The British multinational clothing, footwear, and home products retailer, NEXT agreed to recognize the newly formed branch of Free Trade Zones and General Services Employees Union (FTZ & GSEU) at its plant (Next Manufacturing (Pvt)…
Citing reputational risk from poor animal welfare practice, New Zealand is banning live exports of animals by sea. New Zealand’s Agriculture Minister Damien O’Connor on Wednesday announced the controversial practice…
By Malaka Rodrigo Earlier this month, more than 300 people gathered near the borders of the Dahaiyagala Wildlife Sanctuary in Sri Lanka’s Uva province armed with axes, long knives, ropes and handheld…
Sri Lanka secured a US$500 million loan from China Monday (Apr 12) in a desperate bid to shore up its foreign exchange reserves as the local currency hit a record…
A high-level delegation from Sri Lanka headed by the State Minister of Money & Capital Market and State Enterprise Reforms H E Ajith Nivard Cabraal visited Lulu regional headquarters recently.…
India has finalized a bilateral air bubble arrangement with Sri Lanka for the operation of special international passenger flights between the two countries, the Civil Aviation Ministry said on Saturday.…
(AFP): The idea of forgiving debt held by poor countries in exchange for “green” investments gained ground this week during the spring meetings of the IMF and World Bank, with…
X-series: Nokia X20 and Nokia X10 – refined quality and experiences that you will love, with extra durability G-series: Nokia G20 and Nokia G10 – innovative features in a reassuringly secure package,…
The Department of Commerce’s Bureau of Industry and Security (BIS) has added seven Chinese supercomputing entities to the Entity List for conducting activities that are contrary to the national security…
 MolecuLight Inc., the leader in point-of-care fluorescence imaging for detection of wounds containing elevated bacterial loads Nanomedix (PVT) LTD as the specialized Distributor in Sri Lanka for its i:X fluorescence…
A major international project that will help reduce marine plastic litter from maritime transport and fishing sectors is up for a successful start, after getting 30 countries including Sri Lanka on board.…
The Monetary Board of the Central Bank of Sri Lanka (CBSL) decided to maintain the policy interest rates of the Bank at the current levels. “The Board observed the stronger…
The Monetary Board of the Central Bank of Sri Lanka (CBSL) is widely expected to hold policy rates steady in the upcoming Policy Review meeting, according to First Capital Research…
Sri Lanka’s President Gotabaya Rajapaksa has instructed to completely ban the importation of Palm Oil with immediate effect while ordering plantation firms to uproot Palm Oil Plants in a phased-out…
Food inflation has risen over the last year, although the overall inflation is low. According to the National Consumer Price Index, overall prices rose by 3.7% between January 2020 and…
(Reuters) – A federal judge on Thursday sided with Nike Inc in ordering a Brooklyn company to temporarily stop further sales of “Satan Shoes” it produced in collaboration with the…
By Savani Jayasooriya The refreshing taste of thambili, otherwise known as king coconut, is a preferred beverage for many Sri Lankans. Roadside stalls laden with thambili, like one owned by…
Sri Lanka recorded the World’s sixth most selfie-related accidents over the past decade, according to Inkifi. The country experienced six causalities from selfie-related accidents in the period and five of…
A top real-estate developer and the leader in the mid-market residential condo segment, Prime Lands Residencies Ltd plans a Rs 1.95 billion Initial Public Offering (IPO) in the Colombo Stock…
Softlogic Holdings PLC completed the transfer of all retail operations into one core vertical under Softlogic Retail Holdings (Pvt) under the restructure plan announced over two years ago. “Softlogic Retail…
The International Air Transport Association (IATA) today urged governments to accept best-in-class rapid antigen tests in fulfillment of COVID -19 testing requirements based on the latest research findings of OXERA…
(Reuters) – Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance…
The leading biscuit, chocolate, and confectionery manufacturer CBL Investments Limited (CBL Group) won the Best Corporate Citizen Award (BCCA) of Ceylon Chamber of Commerce (CCC) beating Commercial Bank of Ceylon…
Takeda Pharmaceutical Company Limited today announced that the European Medicines Agency (EMA) has accepted the Company’s filing packages for its dengue vaccine candidate (TAK-003) which is being investigated for the…
The 47-member UNHRC adopted a resolution on Tuesday, brought by Great Britain on behalf of a group of countries, boosting UN rights chief, Michelle Bachelet’s staff and powers, with a view…
Sri Lanka’s Odel PLC, a subsidiary of Ashok Pathirage-controlled Softlogic Holdings has entered into an agreement with the Urban Development Authority (UDA) to lease, operate and manage the Arcade Independence…
Sri Lanka’s Central Bank (CB) entered into a $1.5 billion ( CNY 10 billion) bilateral currency swap agreement with the People’s Bank of China (PBoC) for a three-year period. However,…
The Board of Directors of FoodBuzz (Private) Limited, the sole custodian of franchise rights for BreadTalk in Sri Lanka decided to temporarily suspend its business operations. The parent of FoodBuzz…
Sri Lanka has lowered its apparel export earning target to $5.1 billion for the year from the original $6 billion-target announced in January this year. “The government is enthusiastic to…
With a 51 percent equity stake, India’s Adani Ports and Special Economic Zones Ltd. (APSEZ) is partnering with John Keells Holdings PLC (JKH) and with the Sri Lanka Ports Authority…
Sri Lanka has asked retail giant Amazon to take down bikinis, briefs and doormats featuring the nation’s lion flag from its site, authorities said Sunday, two days after it protested…
Sri Lankan Engineering, the Engineering arm of Sri Lankan Airlines signed a total 360 engineering maintenance agreement with FITS Aviation, encompassing base maintenance, line maintenance, and other engineering services, for FITS Aviation’s Airbus A320 fleet…
The Ceylon Chamber of Commerce (CCC) and the McLarens Maritime Academy recently entered in to a Memoranda of Understanding where CCC appointed surveyors will have an opportunity to undertake training…
Sri Lanka’s Stand Up Movement and Commercial & Industrial Workers’ Union (CIWU) filed a complaint with the Labour Commissioner to conduct an inquiry into nonpayment of workers’ wages and bonuses,…
The Central Bank (CB) instructed licensed commercial banks and licensed specialized banks to grant a concession for lease facilities obtained by COVID-19 affected businesses and individuals in passenger transportation services…
The International Monetary Fund (IMF) couldn’t proceed with disbursing emergency financial support for Sri Lanka as the discussions failed due to disagreements over policy requirements on debt sustainability to address…
(Reuters) – China has approved a 10 billion yuan ($1.54 billion) currency swap with Sri Lanka, a government spokesman in Colombo said on Wednesday. The deal will allow the island…
On the 8th of March, First Lady of the United States Dr. Jill Biden and Secretary of State Antony Blinken honored Ranitha Gnanarajah as an International Women of Courage (IWOC) award winner for her commitment…
India on Friday denied Sri Lanka’s announcement that New Delhi had cleared the proposal of an Adani group company to develop the West Container Terminal (WCT) at Colombo port, according to…
Digital coloured gemstone trading platform Gembridge appointed top gem merchant Armil Sammoon as its ambassador to Sri Lanka. Under its global ambassador network, Gembridge plans to popularise the trading platform…
The Central Bank(CB) decided to hold its policy rates steady while reemphasizing its commitment to sustain the low-interest rate structure until the economy recovers. The Monetary Board of the CCB,…
DFCC Bank’s impairment charge nearly doubled to Rs Rs 3.3 billion at the end of 2020 when compared to the previous, the Bank announced. TheBank’s total impairment charge increased by…
Sri Lanka is once again offering a strategically located deep-sea port to India and Japan as the island seeks to balance traditional ties against China’s rising regional influence. The government…
The daily turnover of the Colombo Stock Exchange (CSE) fell to Rs 1.89 billion today, the lowest value seen so far during the year. The benchmark stock index ASPI ended…
Sri Lanka’s Legislative Committee on Public Enterprises (COPE) has ordered the State-Owned Sri Lanka Insurance Corporation (SLIC) to submit a report expeditious on its decision to close operations in Maldives…
557 migrant workers among the 6,500 migrant workers who have died during Qatar’s football World Cup preparations over the last decade, according to a report. It reported that On average…
Cash-strapped Pakistan has offered a $50 million new credit line to Sri Lanka to boost cooperation in the defence and security sectors. Pakistan Prime Minister Imran Khan announced the new…
Pakistan’s Prime Minister Imran Khan who’s currently on his maiden official visit to Sri Lanka has invited Sri Lanka’s business community to invest in the $46 billion China-Pakistan Economic Corridor (CPEC)…
(Reuters) : Sri Lanka’s central bank governor said on Wednesday lowering the country’s reliance on foreign debt will require some austerity, as Colombo attempts to shore up confidence in its…
Swedish audio streaming and media services provider and the world’s largest music streaming platform, Spotify announced that it would expand into Sri Lanka over the next few days, as it…
Thanks to the Ampara Regional Health Directorate and the American people, Ampara now has a vehicle to safely transport pathological waste. Dr. Prasanga Serasinghe, the Regional Director of Health Services…
The Central Bank (CB) decided to increase the loan to value ratio (LTV) of licensed finance companies up to 80 percent on auto loans in purchasing used passenger vehicles in…
Sri Lankan insurers are facing heightened asset risk due to the country’s weaker credit profile and lower national ratings of several state-owned and private institutions, a Fitch Ratings report said.…
The Indian High Commission in Colombo has rejected Sri Lankan energy minister’s claim that the deal between the two countries on the 99 World War II-era Trincomalee oil tanks leased…
Daraz, Dialog, Samsung, Singer, and Mobitel were named among the top five visible brands by internet users in Sri Lanka, according to a survey. The Asia Pacific Institute of Digital…
(Reuters) – Bitcoin rose above $50,000 on Tuesday for the first time, adding steam to a rally fuelled by signs that the world’s biggest cryptocurrency is gaining acceptance among mainstream…
Sri Lanka’s leading property portal, LankaPropertyWeb says that there has been an increase in real estate activity by property buyers and sellers since the turn of the year Sri Lanka’s…
By Asanga Abeyagoonasekera It is rather unusual for trade union leaders to speak geopolitics. “Geopolitics should not be a determinant factor for us to lease our own East Container Terminal…
Telegram was the most downloaded non-gaming app worldwide for January 2021 with more than 63 million installs, 3.8 times its downloads in January 2020. The countries with the largest number…
UNICEF is today launching the Humanitarian Airfreight Initiative. Under this landmark initiative, over 10 leading airlines are signing agreements with UNICEF to support the prioritization of delivery of COVID-19 vaccines, essential medicines,…
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator approved the power purchase agreement to build 300 MW Kerawalapitiya Liquid Natural Gas power plant in Sri Lanka…
Ahead of its foreign expansions, India’s Edtech startup Eupheus Learning has raised $4.1 million in a Series B funding round, led by Kuwait-based United Education Company (UEC) and Al Rayan Holding…
Sri Lanka’s food and beverage imports grew by nearly 9 percent topping $1.5 billion last year (2020) compared to 2019 despite import restrictions, according to the Central Bank (CB). The…
India has got even with China by bagging the West Container Terminal and making Sri Lanka yield to its security concerns over Chinese power projects in the islands off Jaffna.…
The government aims to double the local fresh milk production to meet 80 percent of the country’s consumption by 2024, Prime Minister Mahinda Rajapaksa announced in Parliament yesterday. He said…
One of the newest features of the Apple iPhone 12 series of mobile devices is a strong magnet that helps align the phone on Apple’s MagSafe accessory to maximize charging…
Although developing countries attracted a record share of global foreign direct investment in 2020, finance for infrastructure and productive sectors fell significantly, weakening their COVID-19 recovery prospects. Foreign direct investment…
(Reuters) Amazon.com Inc founder Jeff Bezos will step down as CEO and become executive chairman, naming the head of its lucrative cloud computing division as successor in a sign of…
Sri Lanka on Tuesday scrapped a deal to develop a major port terminal with India and Japan amid weeks-long protests by trade unions and opposition parties while India called on…
Adani Group’s T K Kannan is appointed as an Alternate Director to Madhu Ramachandra Rao in the Board of Sri Lanka’s Watawala Plantation PLC with effect from today. Kannan, who…
(Reuters) Sri Lankan shares on Tuesday suffered their worst single-day fall since October, led by sharp declines in financial and industrial stocks. Sri Lanka’s CSE All Share Index ended 6.56%…
IFS, the global enterprise applications company has seen a 26% Year-on-Year increase in software revenue, according to its financial results for the full year ended December 31, 2020. 2020 saw widespread…
The United States Patent and Trademark Office (USPTO) recognizes that the COVID-19 outbreak has imposed significant hardships on many of our stakeholders. In particular, some foreign intellectual property (IP) offices…
Sri Lanka’s First Capital Research expects LKR to depreciate approximately by 12 percent during this year. “With the weak foreign currency reserve position, high foreign currency debt repayment and a…
Sri Lanka’s largest mixed development, the $1 billion Cinnamon Life project announced the handover of units at ‘The Suites’ residential tower and ‘The Offices’ tower by March 2021, following delays.…
Over 39 billion in-school meals have been missed globally since the start of the COVID-19 pandemic due to school closures, according to a new report released today by the UNICEF…
(Reuters) – Wall Street is gearing up for another week of market mayhem, with signs that the retail frenzy that pumped up the stock prices of the likes of GameStop…
Sri Lanka stocks have returned a world-beating 30% so far in 2021 as domestic investors get more active, Bloomberg reported yesterday. Local traders have bought a gross Rs 155 billion…
Sri Lanka – Korea Business Council (SLKBC) urges the Tourism Promotion Bureau to target South Korea’s outbound tourism market to attract high-spending tourists to the country. “The Per Capita income…
Access Engineering PLC (AEL) has invested Rs. 131 million to acquire a 50 percent stake in the light-weight brick manufacturer, Lanka AAC Ltd. “Access Engineering PLC announces that it has…
The Europan Union (EU) has urged Sri Lanka to notify import restrictions measures imposed since April 2020 to the World Trade Organisation (WTO), while stressing the need for a level…
(Thomson Reuters Foundation) – Billionaires including Amazon’s Jeff Bezos and Tesla founder Elon Musk have seen their wealth soar during the COVID-19 pandemic while the world’s poor face years of…
(Reuters) – Renewables overtook fossil fuels as the European Union’s main source of electricity for the first time in 2020 as new projects came online and coal-power shrank, a report…
Sri Lanka’s Central Bank (CB) yesterday barred banks from entering into new forward foreign exchange contracts for three months with immediate effect to contain excess volatility in the foreign exchange…
Sri Lanka which has the highest per-capita GDP in South Asia has emerged as a small, yet growing, consumer food products market for the exporters of the United States, according…
The Securities and Exchange Commission of Sri Lanka (SEC) expects the New SEC Act to be enacted within the first quarter of the year. ” The new SEC Act, which…
Governments and stakeholders in Asia and the Pacific should initiate far-reaching reforms to strengthen the resilience of education and training systems as they deal with the coronavirus disease (COVID-19) pandemic,…
(Reuters) – The United States remains a “beacon of technology” to be emulated and China’s Huawei Technology should consider cutting products in the wake of U.S. actions against it, the…
The Central Bank (CB) says that licensed banks could pay cash dividends and licensed foreign banks could repatriate profits following the completion of the audit of their financial statements for…
(Reuters) – Asian stocks scaled to record highs on Thursday as investors were hopeful the incoming Biden administration will be able to secure passage of a massive new stimulus package…
Billionaire Dhammika Perera-controlled Hayleys Group and all its listed 13 subsidiaries announced stock splits today, subject to shareholders’ approval. Following the announcement, the trading was halted until 11.30 am today.…
Maldives has entered an agreement with AstraZeneca Singapore Private Limited to procure 700,000 vaccination doses for the ongoing Covid-19 pandemic. This was revealed by the Health Emergency Operations Center (HEOC)’s…
Sri Lanka’s mobile and fixed broadband speeds recorded an improvement in December, however, still continued to remain below the pre-pandemic levels, according to Ookla’s latest Speedtest global index. The mobile…
Global Rubber Industries (GRI) last week broke ground and laid the foundation stone for the second phase of a $ 100 million project with a new manufacturing facility in Badalgama,…
The latest $200 million issuance of Sri Lanka Development Bonds (SLDBs) closed undersubscribed on Tuesday with only bids received amounting to $62.64 million, the Central Bank (CB) data showed. The…
The Central Bank (CB) ordered the local banks to differ cash dividend payments and foreign banks to differ profit repatriation until their 2020 accounts have been audited. “Every licensed commercial…
The International Air Transport Association and Etihad Airways, the national airline of the UAE, today announced a partnership to launch the IATA Travel Pass for Etihad Airways’ guests. The IATA…
The Monetary Board of the Central Bank (CB) decided to maintain the policy rates at the current levels at the first Monetary Policy Review meeting held for the year. At…
The government plans to introduce a new education system that will protect the dignity of labour and aimed at creating a skilled society in the new normal environment. President Gotabaya…
During a farewell call on Foreign Minister Dinesh Gunawardena this week, the Ambassador of Viet Nam in Colombo, Pham ThiBich Ngoc endorsed that Sri Lanka and Vietnam have immense potential…
President Gotabaya Rajapaksa today assured representatives of Port Trade Unions that the East Container Terminal (ECT) of the Colombo Port will not be sold or leased. According to him, the…
With the recent donation Of a mobile testing unit to the Regional Health Services in Moneragala, the U.S. Government has provided $ 6 million in aid to reduce the spread…
(Reuters) – Republicans in the U.S. Congress faced growing blowback on Monday from businesses that said they would cut off campaign contributions to those who voted last week to challenge…
The Monetary Board of the Central Bank (CB) has decided to cause the Director, Supervision of Non-Bank Financial Institutions to make an application to a competent court for the winding…
The Colombo-Based, First Capital Research expects the Central Bank to hold its policy rate steady at the upcoming monetary policy review amidst sweeping measures to insulate the economy. “We believe…
The Foreign Minister Dinesh Gunawardena and the outgoing Ambassador of Thailand in Sri Lanka Chulamanee Chartsuwan has endorsed the importance of finalizing the Free Trade Agreement to spearhead the bilateral…
President Gotabaya Rajapaksa has appointed an 18-member De-Regulation Commission for the Simplification of the Existing Laws and Regulations to spur the growth of the COVID-19 battered economy. The Commission is…
(Reuters) – Wall Street hit record levels on Thursday as market participants bet on more pandemic aid under a Democrat-controlled U.S. Congress to help the economy ride out a steep…
The World’s second-largest shipping line, the Mediterranean Shipping Company(MSC) announced a new direct service, MSC India Africa Service (IAS) from India to West Africa with a call at Port of…
India’s foreign minister pledged Sri Lanka’s president Gotabaya Rajapaksa yesterday to prioritize the country when Indian-produced COVID-19 vaccines are ready for export, the President Media Division (PMD) said. Visiting Indian External…
The International Air Transport Association (IATA) today announced that the recovery in passenger demand which had been slowing since the Northern hemisphere’s summer travel season came to a halt in…
(Reuters) – Tesla Inc chief and billionaire entrepreneur Elon Musk surpassed Amazon.com Inc’s top boss Jeff Bezos to become the world’s richest man, Bloomberg News reported on Thursday. Including Thursday’s…
The benchmark All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) broke the 7,000 point mark today for the first time since August 2014. The market saw a…
Futures tied to the tech-heavy Nasdaq 100 index sank 2% on Wednesday as the possibility of Democrats gaining control of the Senate sparked fears of tighter regulations on technology mega-caps.…
The World Bank (WB) projects Sri Lanka’s economy to grow by 3.3 percent while expressing concerns over elevated debt distress in the country. The WB in its latest 2021 Global Economic…
Sri Lanka targets 1.5 million tourist arrivals this year as the government plans to re-open the country’s airports to travelers within the month with COVID-19 health and safety guidelines in…
The Cabinet of Ministers has approved a proposal instructing the Legal Draftsman to draft the Colombo Ports Commission Bill to place Colombo Port City as a leading investment hub in…
Sri Lanka’s telephone Penetration (including Cellular Phones) declined by 19.3 percent in the third quarter of last year compared to one year ago. Sri Lanka’s telephone Penetration stood at 164.1…
Arpico Finance Company PLC (AFC) and Associated Motor Finance Company PLC (AMF) announced the merger of two entities subject to the approval of shareholders and the Colombo Stock Exchange (CSE).…
The Central Bank (CB) expects Sri Lanka’s economy to have contracted by 3.9 percent in 2020 well below its earlier projections. “The marginal decline in the first, and the relatively…
Governments in 2021 are likely to ramp up protectionist economic measures in a bid to stimulate domestic recovery from the COVID-19 pandemic despite the interests of the private sector lying elsewhere, Kathmina…
President Gotabaya Rajapaksa has ordered the Excise Department Chief to issue a gazette notification banning the use of maize (corn) for the production of alcohol and ethanol. The Commissioner is…
Ukrainian low-cost Carrier, SkyUp brought the first group of tourists to the island nation since March when the country halted foreign tourist arrivals country in order to contain the spread…
Russia’s national airline Aeroflot has postponed the scheduled flight to Sri Lanka with 300 Russian tourists as a new strain of COVID-19 spread in the United Kingdom (UK) and across…
ICRA India confirmed that Blackstone Group Inc’acqusition of Piramal Group’s Piramal Glass includes its Sri Lankan unit, Pirmal Glass Ceylon PLC. With the announcement of Blackstone Group Inc’acqusition of Piramal…
Dialog Axiata PLC has reached an agreement to acquire full ownership of Sri Lanka’s largest reseller of Microsoft enterprise solutions (MSFT) , H one from Hirdaramani Group. “The transaction is…
The cabinet of Ministers has approved a proposal to waive landing and parking fees for International airlines in order to attract airlines to Rajapaksha International Airport in Mattala, and Colombo…
The Lanka Fruit and Vegetable Producers, Processors and Exporters Association (LFVPPEA) have entered into a memorandum of understanding (MOU) with the World Bank’s (WB) Agriculture Sector Modernisation Project (ASMP) anticipating…
Global coal generation is estimated to fall by 5% in 2020 to 2012 levels, marking the largest annual decrease on record, the International Energy Agency (IEA) estimated in a new…
The Board of Directors of Commercial Bank green-lighted the appointment of Justice K. Sripavan as the New Chairman of the Bank with effect from 21st of this month, upon the…
The United States assures support for Sri Lanka in responding to COVID and building its economy, despite the withdrawal of Rs. 89 billion Millennium Challenge Corporation (MCC) grant. ” On December…
The International Air Transport Association (IATA) is on the schedule to release the IATA Travel Pass early in the first quarter of 2021 to help reconnect our world safely. The…
Sri Lankan Airlines (UL) plans to call Request for Proposals (RFP) to procure two dedicated freighters shortly. “There’s so much cargo business at the moment. Exports have picked up, so…
Sri Lanka targets $2.5 billion worth of Foreign Direct Investments (FDI) in 2021 backed by committed investments from Chinese firms. “We are targeting at least $2.5 billion in FDI inflows,…
Sri Lanka Tuesday announced its worst economic slump with second-quarter GDP plunging 16.3 percent as international concern grows over its ability to repay foreign debt. The department of Census and…
Sri Lanka’s Hemas Holdings PLC (HHL) has divested its’ shareholding in Serendib Hotel PLC to LOLC Holdings PLC for Rs 791.7 million. Eden Hotel Lanka PLC, a unit of LOLC…
Sri Lanka plans to resume international flight operations from the 26th of December allowing commercial and cargo flights to operate to Island Nation without a restricted schedule, the Civil Aviation…
Sri Lanka’s trade deficit declined by $320 million to $514 million in October compared to the preceding month, the Central Bank (CB) data showed. The $ 514 million trade deficit…
The government hasn’t made a final decision yet on opening up Sri Lanka’s borders for foreign travelers in January next year, Sri Lanka Tourism, Chairperson, Kimarli Fernando said. Taking part…
The World’s largest alternative equity firm, Blackstone Group Inc, has signed an agreement to acquire Piramal Group’s Piramal Glass including its unit in Sri Lanka for an estimated $1…
The United States launched a new Rs3.6 billion ($ 19.5 million) initiative to help small businesses and economically empower Sri Lankan women. The Private Sector Development Project, which is funded through…
Sanjaya Mohottala assumed duties today as the 21st Chairman of the Board of Investment (BOI), the apex Investment Promotion Agency of Sri Lanka after Susantha Ratnayake stepped down from the position…
Sri Lankan shares bulldozed pass the 6,500 mark after 2 years & 7 months while recording the highest intraday gain nearly after a month, riding on gains in financial and…
The International Air Transport Association (IATA) and the International Federation of Air Line Pilots’ Associations (IFALPA) jointly urged governments to follow the International Civil Aviation Organization (ICAO) Council Aviation Recovery…
Sri Lanka’s government eyes to re-open the country for foreign travelers from next month with a proposal to issue six-month visas for tourists instead of the current one-month visas targeting…
San Francisco-based short-term rental company, Airbnb, Inc. to raise $2.5 billion in its Initial Public Offering (IPO). According to a filing with the US Securities and Exchange Commission, the company will…
Vancouver- based Ceylon Graphite Corp. announces that its common shares have been approved for trading on the OTCQB Venture Market in the United States from 3rd of December this year. Ceylon…
Sri Lanka’s President Gotabaya Rajapaksa called the country’s private sector to make bold investments moving away from conservative and low-risk strategies to live up to its reputation as the engine…
The Sri Lanka Sustainable Energy Authority (SLSEA) is seeking consultants for the pre-feasibility study of installing solar rooftop systems in State buildings. The project is to be developed under a…
Sri Lanka’s growth-oriented budget is unlikely to provide a meaningful boost to output, according to Moody’s Investors Service. “Despite the growth focus of the budget, we do not expect it…
As we continue to witness the rise of luxury residences and apartments, modern living has become a familiar concept highlighting the need for design functionality and efficiency in our fast-paced…
HUTCH, Sri Lanka’s preferred choice for mobile broadband services has unveiled the newest version of the popular HUTCH Self Care app to offer HUTCH subscribers with an enhanced, all-inclusive digital…
In welcoming budget 2021, the Securities and Exchange Commission of Sri Lanka (SEC) said that the proposed measures would deepen the capital market activity with increased access to capital for…
COVID 19 has drastically changed the mobility trends around the world. Sri Lanka is no different to these changes and in fact, the country’s mobility trends were extremely volatile with…
Thailand, which leads ASEAN in 5G rollout, is eyeing the pole position in the race for ASEAN digital hub with its initiative to boost the ICT infrastructure and ecosystem, government…
Ocean Lanka Pvt Ltd, Sri Lanka’s largest weft knitted fabric manufacturer, announced that it has entered into a partnership with Cotton made in Africa (CmiA), one of the world’s leading…
Wins first place in recognition of its high standards in delivery ABS Courier – established in 2006 as the courier wing of AB Securitas (Private) Limited – recently won the…
INIVOS Consulting, the fully fledged Sri Lankan Enterprise Resource Planning (ERP) solutions provider announced its partnership with Muzulu, the UK based provider of industry leading ERP business solutions. The partnership…
Huawei, the global smartphone brand recently launched Y7a – a mid-range smartphone with one of the largest screens that would undoubtedly be craved by heavy social media users and mobile…
At the 2020 Global Mobile Broadband Forum (MBBF), Huawei’s Executive Director and President of the Carrier Business Group Ryan Ding gave his keynote speech “Maximizing Wireless Network Value for a…
The State Minister of Money Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal reiterated that the Government is able to manage the debt servicing with the available without resorting…
Sri Lanka’s air pollution levels have returned back to normal levels from the sudden rise in air pollution levels recorded in late October. “the pollutant levels are in decreasing trend…
The United States (U.S.) expressed its strong commitment to promote and expand private sector investments aimed at employment creation in Indo-Pacific Region including in Sri Lanka as an alternative to…
The Cabinet of Ministers recently approved a proposal to conduct a feasibility study to expand the capacity of Sapugaskanda oil refinery which is owned by the Ceylon Petroleum Corporation. The…
The Global Mental Wellness economy is estimated to be over $121 billion in value, according to the first-ever global research in measuring mental wellness as a global industry. The Global…
Sri Lanka’s Town Planners urge for a fresh approach in urban planning by taking up the unprecedented challenges as well as opportunities posed by the global pandemic disrupting daily life…
The Swadeshi Industrial Works PLC launched a novel hygiene awareness campaign for Sri Lanka’s primary school children to coincide with the World Children’s Day celebrations. Titled “Swadeshi Khomba Baby Hoda…
Sri Lanka’s preferred choice for mobile broadband services, HUTCH has appointed popular social media influencer and a movie star Gayathri Shan as a new brand ambassador. With this appointment, HUTCH…
In the latest national rankings of ‘Listed Finance Companies of Sri Lanka’ Report by K Seed Investments, Singer Finance (Lanka) has seized the best performing Finance Company rank among Tier…
Huawei Nova 7 SE is the latest 5G smartphone to arrive in Sri Lanka featuring top of the line specifications and a game-changing design. With Nova 7 SE, Huawei revolutionizes…
The United Arab Emirates said on Saturday it was cancelling lenient penalties for so-called “honour killings” and amending inheritance laws for residents as part of a reform of personal and…
Sri Lankan shares rose for a fourth straight session to end at their highest level since early January on Friday, helped by gains in industrial and financial stocks. The benchmark…
The Ceylon Chamber of Commerce CCC) decided to organize its 20th Sri Lanka Economic Summit (SLES) on the 1st and 2nd of December 2020 virtually for the first time in…
Sri Lankan shares ended at their highest in more than a month on Thursday, driven by gains in industrial and consumer staples stocks. The benchmark stock index ended up 1.66%…
Amidst a backdrop of uncertainty, Hatch and London Stock Exchange Group (LSEG) SL successfully completed the fourth iteration of the KICKASS Bootcamp, a one-month long development programme designed to address…
VMware’s Multi-Cloud Strategy Unlocks the Value From Any Cloud While Delivering Better Security and Simplified Operations VMware, Inc. (NYSE: VMW) announced new innovations to help customers build, run, manage, connect,…
Huawei launched HUAWEI CLOUD Meeting, its full-scenario, secure and reliable global video conferencing solution in Asia Pacific on Monday. The award-winning device-cloud synergy solution enables effective internal and external meetings…
Uber, Lyft and other app-based ride-hailing and delivery services spent $200 million in a winning bet to circumvent California lawmakers and the courts to preserve their business model by keeping…
Bharti Airtel Lanka may still seek a merger and acquisition (M&A) deal due to competition and higher taxes amid elevated capex requirements, Fitch Rating said a latest report. “Telcos in…
Milliman, Inc., a premier global consulting and actuarial firm, announced that it will begin operations in Sri Lanka after an agreement to acquire Colombo-based Spark Actuarial Private Limited came into…
The age of 5G has dawned. Huawei, a pioneer in 5G technology and the global smartphone manufacturer recently unveiled the first ever mid-range 5G smartphone. Huawei Nova 7 SE is…
The Pacific Asia Travel Association (PATA) has awarded its highest individual honor, Life Membership to one of Sri Lanka’s renowned hotelier and Jetwing Symphony PLC, Chairman, Hiran Cooray in recognizing…
3GPP recently announced that the 5G Deterministic Networking Alliance (5GDNA) has become its Market Representation Partner (MRP), making it the third organization member from 5G vertical industry after 5G Automotive…
The newly launched Alta Hospitality Asia fund of Hong-Kong-based Alta Capital Real Estate eyes a prime real-estate in Galle to develop a premier wellness retreat with comprehensive facilities and luxury…
Combined entity will have the leadership, resources and scale to successfully capitalize on opportunities in the fast-growing data industry. Merged capabilities will create a single comprehensive and fully integrated…
Sri Lanka’s government bonds fell heavily on Wednesday as the United States ratcheted up pressure on the country’s government over its ties with China. U.S. Secretary of State Mike Pompeo,…
Singer Sri Lanka PLC, country’s premier consumer durables retailer has partnered with Trident Corporation, a leading distributor of IT hardware, software and printing solutions in Sri Lanka to serve globally…
The United States (U.S.) Secretary of State, Mike Pompeo yesterday arrived in Sri Lanka for a two-day visit during which he would hold talks with the top Lankan leadership, as…
India-based ICICI bank has shut down its offshore unit in Sri Lanka after securing approval from the country’s Central Bank (CB) last week. “The Monetary Board of the Central Bank…
Strengthened 5G Telco Cloud Portfolio with Cloud Native Support enables businesses to better harness emerging technologies in Sri Lanka’s cloud and mobile first economy VMware, Inc. (NYSE: VMW) recently announced…
Win a gold necklace and many more exciting gifts every week! The Swadeshi Industrial Works PLC has launched yet another exciting promotion for the loyal consumers of Rani Sandalwood soap…
Huawei recently announced its business results for the first three quarters of 2020. During this period, Huawei generated CNYv671.3 billion in revenue, an increase of 9.9% over the same period…
Ideal Motors Pvt Ltd and its subsidiary Ideal First Choice Pvt Ltd (part of the Ideal Group of Companies) have pioneered an insurance reward scheme free of charge, an industry…
Sri Lanka’s total cement volumes is forecasted to recover in 2022 financial year after an anticipated dip in 2021 financial year due to COVID-19 induced economic crisis, according to First…
The government decided to ban a range single-use plastic and polythene waste material products including Poly Ethylene Terephthalate (PET) and Vinyl Chloride (PVC) containers from with effect from 2021. The…
Enriching lives with technology Huawei Consumer Business Group (BG) recently published its Sustainability Progress Report. The report highlights the company’s sustainability achievements over the past decade, covering four major areas…
The All Island Dairy Association (AIDA) urges the government to remove restrictions on land and water utilization for forage crops to increase the quantity and quality of milk production. All…
the UN Broadband Commission and Huawei held the sixth Ultra-Broadband Forum (UBBF 2020) online in Beijing. With the theme of “Intelligent Connectivity, New Value Together”, this year’s UBBF discussed the…
Huawei, the global smartphone brand has ensured that its devices meet the benchmarks needed to provide a seamless Work From Home (WFH) and Learn From Home (LFH) experience. WFH and…
Focus on intrinsic security enables organizations to build future-ready businesses to thrive in the age of the distributed workforce Cutting edge solutions provide CISOs with unprecedented visibility into the enterprise…
The inaugural Sri Lanka Army Commander’s T20 League tournament concluded on the 17th October 2020 at the SLAOC Grounds, Dombagoda with DIMO Southern Warriors emerging victorious. DIMO Southern Warriors beat…
The Prime Minister Mahinda Rajapaksa, made a brief impromptu visit to the country largest integrated mixed development project, Cinnamon Life construction site earlier yesterday, where he met with John Keels…
At HUAWEI CONNECT 2020, Huawei officially released its Autonomous Driving Network (ADN) solution for the enterprise market. This future-proof solution brings intelligence to networks and completely integrates artificial intelligence (AI)…
“DIMO Agribusinesses”, the agriculture arm of DIMO, has selected its Agri Techno Park located in Dambulla (mid-country) to embark on its journey in Agro Tourism. “DIMO Agribusinesses” owns three Agri…
The government has decided to build multi-storied car parks with housing and office units in the recently acquired Otter Aquatic Club premises and three other locations in Colombo City, the…
According to latest local media reports, the major shareholders of the Altair project have filed legal action in the District Court of Colombo against PricewaterhouseCoopers Lanka Ltd. (PwC Sri Lanka),…
DIMO, the only Authorized General Distributor for Mercedes-Benz and Jeep in Sri Lanka, has continued to highlight its strong commitment towards providing customer-centric service with its latest announcement of the…
First time author, A. A. Moses recently launched her novel, Jamie’s Magical Adventures in Floffinville in a virtual event in September engaging viewers in fun quizzes and a captivating book…
A leading tea broker expects prices of Ceylon tea to sustain at current levels over the short-to-medium term betting on a continuous demand while the prices normalizes with supply constraints…
Singer (Sri Lanka) PLC, the country’s premier consumer durables retailer has been honored with first ever Sri Lanka’s Retail Brand of the Year tribute from one of the most keenly…
Moves to new office, strengthens team and expands offerings Communique PR, with its innovative outlook in the field of Public Relations, has completed its first year of operations in the…
Ensures a smoother experience through essential technical advisory The World’s Biggest Book Sale, returning via www.bigbadwolfbooks.lk this year will be extended beyond the scheduled closure date, initially from 4th October,…
HatchX, Sri Lanka’s first fintech startup accelerator programme, recently concluded its demo day with its first cohort of 7 promising local fintech startups graduating from the programme and getting connected…
Sri Lanka’s Hutchison Telecommunications (Hutch) among the world’s top 30 “most improved” mobile operators in terms of Upload Speed Experience and fourth generation (4G) availability, according to a report by…
Axiata Digital Labs announced today that they have signed a partnership with the local chapter of the UK based Chartered Institute for IT professionals BCS Sri Lanka, to sponsor National…
Reframe your fitness, health and style with the latest smart sports watch from Huawei Huawei recently announced the launch of its latest fitness watch, HUAWEI WATCH FIT. Huawei’s first ever…
Stop Child Cruelty Trust (SCC), an organization committed to ending cruelty to children especially corporal punishment is the sole organization registered with the Office of the United Nations High Commissioner…
SLIM NASCO Awards 2020, Sri Lanka’s premier national sales awards ceremony held in recognition of the outstanding performances of sales professionals gets underway for the 20th time. The organizers of…
ICT can bring new value and approaches to digital inclusion At HUAWEI CONNECT 2020, which kicked off Recently, Kevin Zhang, Chief Marketing Officer of Huawei ICT Infrastructure, addressed the online…
World’s Biggest Book Sale goes online from 1st-4th October 2020 Its official, the World’s Biggest Book Sale is back in Sri Lanka! Taking an innovative approach, The Big Bad Wolf…
Axiata Digital Labs announced recently that they have entered into a partnership with the Computer Society of Sri Lanka (CSSL) as a sponsor of the National IT Conference 2020 (NITC…
The Central Bank of Sri Lanka has identified the need to facilitate non-resident investors to enable to invest in government securities and other sectors to encourage the inflow of foreign…
The exultant second run of Singer Huawei Carnival that awards large discounts on even new hi-tech gadgets is now on till end of September. Huawei, the innovative smartphone manufacturer and…
Prime Group – the country’s leading real estate company and the only one in the industry to be ICRA [A] – Stable rated in Sri Lanka – won two prestigious…
Huawei Developer Conference 2020 (Together) was held today at Songshan Lake. In the keynote speech, Huawei announced major upcoming updates for HarmonyOS 2.0, EMUI 11, HMS(Huawei Mobile Services), HUAWEI HiLink,…
Pelwatte Dairy transforms the shopping experience with value-for-money dairy deals Pelwatte Dairy Industries – Sri Lanka’s renowned dairy producer – has extended some exciting value-for-money deals that can be availed…
Singer Sri Lanka PLC has been commended for its exceptional sales performances, best sales improvement and their contribution for VRF Inverter Multi system Air Conditioning Solutions of Mitsubishi Heavy Industries.…
Huawei, the leading global technology solutions provider, recently hosted the “Huawei Golf Tournament 2020” in Sri Lanka, ushering a monumental partnership with the country’s golf game. In its latest foray…
Ocean Lanka Pvt Ltd, Sri Lanka’s largest weft knitted fabric manufacturer, recognised and rewarded a large cohort of long-serving employees at the ‘Sewa Abhiman 2020’ Loyalty Awards, where gold coins…
The Huawei 5G Microwave Asia-Pacific Conference was held online recently, bringing together more than 130 guests to share insights into 5G microwave applications and to discuss how microwave solutions contribute…
As the world integrates the ‘New Normal’ in the ecosystem, Sri Lanka’s digital framework is pacing with fresh energy and has bold plans for the future. The ‘New Normal’ has…
, Book lovers across Sri Lanka, it’s time to get ready for the Big Bad Wolf Book Sale. The Sale is coming to Sri Lanka for the 4th consecutive year,…
Huawei P40 Pro is the latest addition to Huawei’s array of smartphones unveiled in 2020. Categorically a flagship device, P40 Pro’s design resembles the beauty and form of flowing water…
Banks are facing increased challenges in meeting heightened regulatory expectations AML compliance is a board level issue with continuing operational challenges and investments not bearing fruit Banks are following a…
Huawei P40 Pro is the latest flagship smartphone rolled out in Sri Lanka by Huawei, the innovative smartphone manufacturer. The all-new Huawei P40 Pro is expected to revolutionize the smartphone…
Axiata Digital Labs announced that they have entered into a partnership with LK Domain Registry to sponsor the BestWeb.lk Awards 2020. The partnership results in Axiata Digital Labs being crowned…
Use of drugs by school children in both urban and rural areas of Sri Lanka has been a significant concern for well over a decade particularly because it is a…
INIVOS Consulting, the fully-fledged Enterprise Resource Planning (ERP) solutions provider has launched its assortment of solutions to Sri Lanka’s enterprise sector in a bid to provide end-to-end solutions, earmarked to…
Singer, Sri Lanka’s premier consumer durables retailer, has partnered with Signature Group, Malaysia’s largest Kitchen Cabinet and Wardrobe manufacturer. With this new partnership, Singer aims to begin manufacturing Signature Kitchen…
Huawei, the innovative smartphone manufacturer has introduced an all-new Postal Repair Service in a bid to support the Huawei device holders. With this latest initiative, which is available 24/7 and…
Aims to provide a world-class customer experience Singer (Sri Lanka), the premier consumer durables retailer has collaborated with Sri Lanka Institute of Marketing (SLIM), the apex body for marketers, to…
Dubbed the “Oscars” of the design industry, the Red Dot Award: Brands & Communication Design was recently awarded to HUAWEI Assistant · TODAY. Based on Red Dot’s motto of “In…
Since its inception, Ocean Lanka has established itself as Sri Lanka’s largest weft knitted fabric manufacturer, overseeing all four phases of fabric production from knitting to dyeing, printing and finishing.…
World’s leading ICT provider, Huawei co-sponsors Information & Communication Technology Agency of Sri Lanka (ICTA) for e-Swabhimani 2020 – Digital Social Impact Awards programme that recognizes the excellence of the…
Pelwatte Dairy, the renowned dairy producer of Sri Lanka has been commended by the bakery and culinary industry experts who commends its rich flavour and creamy texture. The flavour and…
The local diary giant Pelwatte introduced two brand new flavours to their ice cream palette. The unique Faluda and Ginger Biscuit flavours will allure more ice cream enthusiasts to go…
Ideal Motors, a fully owned subsidiary of the Ideal Group and the authorized distributor for Mahindra motor vehicles, motor cycles and utility products in Sri Lanka, has gained market dominance…
How good is betting on a South Asian startup incubator dojo aimed at would-be-entrepreneur females with only a burning passion for their crafts and launched in the smack middle of…
Huawei Consumer Business Group (CBG) recently received two awards from the European Image and Sound Association (EISA), a group comprising 55 of the world’s most respected consumer electronics magazines. HUAWEI’s…
The Singer Fashion Academy, being in operation for over 60 years, has called for new enrollments to its Certificate in Fashion Designing – a highly sought-after qualification in Sri Lanka’s…
By Sanjeewa Bandaranayake Non-Banking Financial Institutions (NBFI) sector has evolved over the past years to be a stronger force in the finance industry in Sri Lanka. Unfortunately, the public only…
Sri Lanka Unites is the honored custodian of this comprehensive compilation of Ambassador Jayantha Dhanapala’s work December 15, 2019 saw the launch of a long awaited book sharing the life…
Leverages longstanding relationships with international carriers to ship exports Leading integrated global logistics solutions provider, Expolanka Freight (EFL) announced the successful completion of two shipments of general and perishable goods…
G M A de Silva, one of the most trusted jewellers for the consumers in Southern Sri Lanka, will be celebrating its 100th anniversary this year. GMA de Silva (Pvt)…
The Central Bank of Sri Lanka (CBSL) has revised the regulated interest rates for Credit Cards, Pre-arranged Temporary Overdrafts, Pawning Facilities and Penal interest rate over the regular interest rate.…
Sri Lanka is expecting a contraction of gross domestic product (GDP) in the second quarter of 2020 and a rebound in the fourth quarter of the year, Chandranath Amarasekara, Director…
Sri Lanka’s technological transformation is at the forefront of His Excellency President Gotabaya Rajapaksa’s vision for the country. To strengthen the execution of this digital roadmap, three strategic new appointments…
With the appointment of the new cabinet of ministers bringing about, a re-start to Sri Lanka’s economic activities, the Colombo Stock Brokers Association (CSBA) extends its wholehearted congratulations and best…
Delivering the Policy Statement of the new government at the ceremonial sitting of the Parliament today (20), President Gotabaya Rajapaksa stated that Sri Lanka will halt the cultivation of oil…
Huawei, the innovative smartphone manufacturer recently launched the feature packed Huawei P40 Pro in Sri Lanka taking the smartphone photography a step further. This powerhouse has a refractive matte finish…
Perfect fit coming in with exciting colorway Huawei, the innovative smartphone manufacturer, recently introduced the Skyline Grey edition of Huawei Nova 7i in Sri Lanka extending the color choices for…
Huawei, the innovative smartphone manufacturer, recently launched the Huawei Y6p in Sri Lanka featuring an innovative triple camera set up that revolutionizes smartphone photography, promising more stable and detailed images.…
HeiQ Viroblock technology proven to be effective against SARS-CoV-2 (Covid-19)* Velona, a leading brand in the hygiene and clothing segment in Sri Lanka recently introduced the Velona Protect antiviral mask…
She Loves Tech is the world’s largest startup competition for women and technology. The competition, together with its conference, has continuously expanded into 30+ countries. This year marks the 6th…
Increases PAT by 29% and retains industry-best NPLs ‘A’ Stable rating reaffirmed by ICRA Rated amongst Top 50 Brands for 2019/20 by LMD Commercial Leasing and Finance PLC (CLC) concluded…
VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software, today announced the appointment of Devendra Manuvel to the company’s leadership team as Country Sales Manager for Sri Lanka and…
Uga Shines big at the Tripadvisor Travelers’ Choice Best of the Best Awards 2020 The world’s largest travel platform has picked a leading Sri Lankan hotel brand to reward in…
By Roshan Abeygoonewardena The Finance Houses Association of Sri Lanka (FHA), as the apex body of 39 Regulated Finance Companies registered with Central Bank of Sri Lanka (CBSL), plays an…
BID2WIN bidding competition organized by zMessenger in collaboration with HUTCH was concluded recently with an awards ceremony that rewarded the winners of several promotions conducted this year. Ashane Imantha Gunesena…
The new government has for the first time in 40 years taken the subject of women’s and children’s affairs outside the scope of a Cabinet level Ministry. This subject has…
The COVID-19 pandemic has revealed a great deal of vulnerabilities in our world and our way of life that we never imagined we had. But in this time, technology has…
In a first for Sri Lanka, John Keells Properties -through a strategic collaboration with Commercial Bank-has launched ‘Freedom Mortgages’, a new home financing solution which waives the interest on home…
Havelock City mixed-use development marked the completion up to the roof slab of its highly anticipated 50 storey office tower at a topping out ceremony held onsite. The LEED Gold…
Tikiri Toys – the hugely successful Sri Lankan brand of natural play products – has been awarded the prestigious ‘Ethical Gift of the Year’ title at the recently held NEC…
IFS, the global enterprise applications company was duly recognized as a leader in the Gartner Magic Quadrant for Field Service Management (FSM). IFS achieved the highest overall position for its…
SIEMENS – DIMO consortium recently signed agreement with the Ceylon Electricity Board (CEB) to embark on the Medium Voltage distribution sub project package 05 of the “National Transmission and Distribution…
Carmart (Pvt) Ltd, the official representative for Peugeot in Sri Lanka, are set to revolutionise the automotive maintenance sector thanks to the introduction of Peugeot parent group’s (PSA) “VIDEOCHECK” platform.…
You can always count on great food from Mandarina; it’s the place to go if you’re a foodie on a budget! Now, Mandarina has once again innovated a Sri Lankan…
Hutch, Sri Lanka’s preferred choice for mobile broadband services, has unveiled Unlimited Social Media plans including Facebook, Messenger and WhatsApp in yet another customer-oriented service offering. The customers can avail…
The tech company reveals its long-term plan to bridge the ICT talent gap and calls for a cross-sector collaboration at the Huawei Asia Pacific ICT Talent Forum 2020 Huawei Technologies…
The Ceylon Motor Traders Association (CMTA), the only trade association in Sri Lanka that represents automotive manufacturers through their local importers, urged the Government to provide a clear direction on…
Pioneer Sri Lankan owned entity to produce specialist bituminous products in the post independent era, Colombo Stock Exchange listed Industrial Asphalts (Ceylon) PLC – IAC (Stock Code ASPH.N) got company’s…
Huawei announced recently the release of a global digital economy policy study titled “Think digital. Think archetype. Your digital economy model.” The report provides a novel approach to digital transformation…
The Sri Lanka Association for Software Services Companies (SLASSCOM), which is the national chamber for the IT/BPM industry in Sri Lanka, under the patronage of the Royal Norwegian Embassy in…
“There is no keener revelation than a society’s soul than which it treats its children” – Nelson Mandela Stop Child Cruelty Trust (www.stopchildcruelty.com ), an organization committed to ending cruelty…
Axiata Digital Labs (ADL) is pleased to announce the addition of Sanharsha Jayatissa, Fawaz Ashraff and Niresh Samaranayake to their Senior Leadership Team. ADL, an innovative software service provider, has…
Enterprise Analytics, a leading provider of pioneering technology-based business solutions, recently partnered with Acumatica (www.acumatica.com), a leading Cloud ERP platform, to extend Enterprise Resource Planning (ERP) solutions to the growing…
Mahindra Finance, India’s leading Non-Banking Finance Company together with Ideal Finance Ltd, the finance arm of the Ideal Group, recently introduced a special COVID Sahana package to facilitate buyers of…
Sponsors five beach caretakers Save the Waves foundation, a beach cleaning initiative funded and raised by Dell Technologies recently signed a MOU with Marine Environment Protection Authority (MEPA) to sponsor…
As part of its efforts to deliver a better experience to its customers, HUTCH, Sri Lanka’s fastest growing mobile broadband service provider, recently upgraded its primary customer service point at…
Unique student offers to assist the new Learn From Home model in Sri Lanka Introduces Dell Inspiron 15 5593 laptop and Dell Inspiron 14 5491 laptop and tablet mode powered…
From setting up businesses to managing finances and everything in between, Simplebooks, a leading company registrar has revolutionized the business landscape of Sri Lanka as a one-stop destination for all…
Looks like it’s time for Sri Lanka to howl along with their favourite Wolf. That’s right, – the Wolf will be back in Sri Lanka for the 4th consecutive year…
Wins 2 Gold, 1 Silver and 2 Bronze awards Newton Lanka, an extension of Newton TAC Malaysia proudly bagged five awards at the recently concluded Asian Customer Engagement Forum 2020…
Sri Lanka Institute of Marketing (SLIM), the national body for marketing in Sri Lanka announced the SLIM DIGIS 2020, the most coveted digital awards ceremony in a revolutionary online press…
Stop Child Cruelty Trust (www.stopchildcruelty.com), an organization committed to ending cruelty to children has launched the #JUSTSAYNO National campaign of awareness videos, petition and first public live Zoom discussion via…
Reassuring its commitment towards providing the Best Customer Experience, DIMO recently implemented several projects to elevate the customer experience by introducing numerous digital platforms. “DIMO made a strategic decision to…
Applications close on 31st July Information and Communication Technology Agency of Sri Lanka (ICTA) the premier government institution driving the nation towards digital inclusivity, calls for applications for the…
the benefit of using a face shield as personal protective gears As Sri Lanka restarted the normal work culture, post the COVID19 lockdown, there has been an ongoing dialogue on…
Offering an uninterrupted smartphone experience Huawei, the innovative smartphone manufacturer, recently unveiled the all-new Huawei Y6p featuring a 5000mAh long-lasting battery that helps users get through their everyday tasks without…
Hatch launched “Open House” a free mentorship program that connects mentors with startup founders to provide guidance and insight to grow their startups. Since the outbreak of the pandemic, Hatch…
With the completion of its bigger and better island wide 4G network in February this year, HUTCH is on course to enhance its brand presence and further establish itself as…
Calls for positive reforms strengthening legal enforcement and industry cooperation The Finance Houses Association of Sri Lanka (FHA) announced that it will continue to empower the nation with ethical finance…
Huawei announced its business results for the first half of 2020 today. The company generated over US $ 64.2 billion (CNY 454 billion) in revenue during this period, a 13.1%…
By Vidura Prabhath Huawei, the innovative smartphone manufacturer, recently marked its footprint in the laptop arena with the launch of Huawei MateBook D15 and Matebook 13. Both the laptops are…
With its aim to assist in the process of reviving the country’s economy, the Agri Machinery Division of DIMO together with its partner Mahindra tractors came to the fore in…
People around the world cherish US manufactured SUV’s and Pick-up trucks for their premium look and features coupled with the ample spaciousness which is a key for travelling purposes. But…
IFS, the global enterprise applications company, was recently recognized in the top five Export Corporate Brands for IT Services in the latest edition of the Brands Annual magazine. IFS secured…
Axiata Digital Labs (ADL) today announced its participation in TM Forum’s renowned collaborative proof-of-concept Catalyst program focused on co-creating innovative solutions to important industry challenges leveraging key TM Forum best…
Setting a new benchmark for entry-level smartphones, Huawei, the innovative smartphone manufacturer, recently launched Huawei Y6p featuring 4GB RAM + 64GB ROM. Huawei Y6p is considered as the benchmark of…
Newton Lanka, an extension of Newton TAC Malaysia recently provided Safe Shoppers tool kit for Domino’s in a bid to strengthen the Zero Contact experience for Dine-In. The campaign was…
Huawei’s Deputy Chairman Ken Hu outlined its vision and action plan for education under its digital inclusion initiative TECH4ALL at the Global Education Webinar entitled “Driving Equity and Quality with…
Global leading ICT infrastructure provider Huawei has ranked No. 6 in BCG’s recent released list of the 50 Most Innovative Companies in 2020, moved up by 42 places. This is…
Underpinned by an unrelenting drive for innovation, Huawei makes the top 50 for the fifth consecutive year Huawei is steadfast in its commitment to innovation and driving value for global…
New search tool powered by the Petal Search engine has been created in partnership with global search engine leaders to offer Huawei users an innovative and diverse search experience Huawei,…
Ocean Lanka (Pvt.) Ltd., Sri Lanka’s largest weft knitted fabric manufacturer is currently conducting third party trials for its very own all natural anti-bacterial face mask. The company has announced…
Including the most awaited Y6p with 4 GB RAM + 64GB storage Huawei, the innovative smartphone manufacturer recently launched multiple smart devices namely Huawei Y6p, Y5p, Huawei MatePad T 8,…
Mobile-telco industry is a vastly evolving field with new technologies emerging to challenge the ongoing trends. Mobile network providers have a key role to play in aligning with new technologies…
ශ්රී ලංකාවේ ප්රමුඛතම මූල්ය සමාගමක් වන HNB FINANCE ජාතික දිගුකාලීන ෆිච් ණය ශ්රේණිගතකරණයේ ඉදිරියට පැමිණෙමින් ‘AA-(lka)’ණය ශ්රේණිය හිමිකර ගැනීමට සමත් විය. පොදුවේ මෙවන් අභියෝගාත්මක පසුබිමක් සහිත කාල පරිච්ෙඡ්දයක් තුළ HNB FINANCE සමාගමට zAA-(lks)’ ණය ශ්රේණිය…
The International Monetary Fund has lowered its global growth forecast for this year and next in the wake of the coronavirus pandemic. It now predicts a decline of almost 5%…
දේශීය විලාසිතා නිර්මාණකරණ ක්ෂේත්රය තුළ වූ කුසලතා වර්ධනය කිරීම උදෙසා කැපවෙමින් ක්රියා කරන සිංගර් හි අනුබද්ධිත ආයතනයක් වන සිංගර් ෆැෂන් ඇකඩමිය වසර 60 කට අධික ප්රෞඪ ඉතිහාසයකට උරුමකම් කියන කීර්තිමත්…
Pelwatte, the leading local dairy manufacturing company conducted several consumer driven CSR projects which manifested the company’s commitment towards the social upliftment amidst the Covid-19 crisis. Mithuru Mithuro Movement is…
Two entry-level smart phones including Huawei Y5p make their appearance Setting a new benchmark for entry-level smartphones, Huawei, the innovative smartphone manufacturer, recently launched two of the most feature-packed entry-level…
3 days of special discounts from 26th to 28th June SINGER, the country’s premier consumer durables retailer recently launched its new website in order to provide an optimal user experience…
Offering sophisticated jewelry solutions to meet international standards Ark Gems Ceylon, a unique handcrafted jewelry store was launched in Sri Lanka offering customized jewelry solutions to the local and international…
Ocean Lanka (Pvt.) Ltd., Sri Lanka’s largest weft knitted fabric manufacturer donated Rs. 1 million to the ‘Itukama’ COVID-19 Healthcare and Social Security Fund at the Presidential Secretariat recently. Further,…
Tune in to Huawei Online Launch and win amazing gifts Five Huawei devices are set for their debut in Sri Lanka at one of the biggest online launch events of…
Hutch Telecommunications, Sri Lanka’s preferred choice for mobile broadband services has enhanced its popular cliQ app enabling all its 078 & 072 subscribers to enjoy unlimited Internet experience on its…
Hatch the hub for all things startups, recently launched KICKASS, an incubation program to support and empower women in business. The program launched in March already concluded two chapters with…
Asian Hotels and Properties PLC (AHPP) announced that it would be moving forward with major investments towards the refurbishment of Crescat Boulevard. First opening its doors in 1997, Crescat Boulevard…
Huawei, the innovative smartphone manufacturer, constantly equips its product portfolio with highly efficient and productive devices. Huawei Nova 7i and Huawei FreeBuds 3 are two such devices which revolutionized the…
Coding is a form of creative expression. The recently held SLASSCOM TechKids Online Coding competition is a prime example of that. Since the start of the lockdown, more and more…
Continuing its journey of introducing latest technologies to the local healthcare sector, DIMO Medical Engineering team successfully completed installation of world-class ZEISS OPMI Lumera 700 surgical microscope at Durdans Hospital…
Encourages valued participants to continue learning in the safety of their homes Towering 60 years of service excellence in the field of fashion, Singer Fashion Academy over the years has…
September 2020 intake to be announced by the French International School of Colombo École Française Internationale De Colombo (EFIC), also known as the French International School of Colombo celebrated a…
ශ්රී ලංකාව තුළ විශිෂ්ටතම බහු-භාෂා අධ්යාපාන අවස්ථාවන් පිරිනමන අධ්යාපන ආයතන අතර ප්රමුඛතම ආයතනයක් වන ප්රංශ ජාත්යන්තර පාසල ලෙසින් ප්රකට, École Française Internationale De Colombo (EFIC), පසුගියදා සිය 40 වැනි සංවත්සරය…
The Finance Houses Association of Sri Lanka (FHA) in its capacity as the apex association of 41 Registered licensed Finance companies of Sri Lanka, deeply condemns the alleged murder of…
The Colombo Stock Exchange resumed stock market operations on 11 May 2020, following an extended closure as a result of the COVID-19 pandemic. In this interview, Mr. Ray Abeywardena, the…
It has been decided at the Elections Commission’s meeting today (11), to hold the postal voting of the General Election 2020 on 13th, 14th, 15th, and 16th of July. The…
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, is all set to establish the externality cost – i.e. social and environmental cost, that Sri Lanka incurred due to…
Standing from left: Deputy MD and Agriculture Director Janaka Gunasekera; MD and CEO Rolf Blaser; Healthcare Director Nishantha Weerasinghe. Seated from left: Finance Director Pavithra Samarasinghe; Non-Executive Chairman Lakshman Niyangoda,…
The Central Bank of Sri Lanka informs the general public that it will continue to take every possible step to ensure the protection of public deposits. Releasing a statement, Central…
Tourists will need a minimum stay of 5 nights in Sri Lanka from August, Sri Lanka Tourism Board said today. With safety guidelines and precautionary measures in place, Sri Lanka…
The MarCom Collective has commissioned Ernst and Young Sri Lanka (EYSL) to undertake a comprehensive study on the country’s marketing communications industry and its contribution to the Sri Lankan economy.…
සියලු සෞඛ්යාරක්ෂිත ක්රමවේදයන්ට අනුගත වෙමින් මීළහ අදියරයේ (Finishing Stage) ඉදිකිරීම් යළි ඇරඹේ. ශ්රී ලංකාවේ ප්රමුඛතම දේපල වෙළඳාම් සමාගමක් වන ප්රයිම් සමූහ ව්යාපාරයේ නවතම සුඛෝපභෝගී සහාධිපත්ය ව්යාපෘතිය (Luxury Condominium Project) වන…
Huawei, the innovative smartphone manufacturer, launched ‘’Huawei Service Mid-year Fiesta’’ to be held from 1st June till 31st July 2020. Huawei offers special discounts for smartphone repairs and also complimentary…
ප්රජාවන් සහ අනෙකුත් පාර්ශවකරුවන් කෙරෙහි ඇති කැපවීම සහ ආයතනික වගකීම ඉටු කිරීමට, ජෝන් කීල්ස් සමූහය එහි ආයතනික සමාජ වගකීම් අංශය ඔස්සේ, ශ්රී ලංකාවෙන් COVID-19 තුරන් කිරීමේ වැඩපිළිවෙළෙහි ක්රියාකාරී සාමාජිකයෙක් වශයෙන්…
Huawei the leading global ICT solutions provider, has further extended the support to Sri Lanka’s fight against COVID-19 pandemic via launching AI-Assisted Automatic and Quick Diagnosis technology platform to frontline…
For an entertainment smartphone to stand out, photography and gaming is key. Huawei recently launched its HUAWEI nova 7i – equipped with a 48MP AI-powered quad-camera, it can handle all…
Appointment strengthens VMware’s ability to deliver innovations that accelerate the cloud and digital transformation journeys for organizations in the dynamic and fast-growing region VMware, Inc. (NYSE: VMW), a leading innovator…
Prof. Nalaka Jayakody, VC and CEO of Northshore Campus (L) and Prof. Ian G. Campbell, VC and CEO of Liverpool John Moores University, UK (R) Northshore Campus recently announced a…
IT Gallery Computers Private Limited, Sri Lanka together with Hangzhou Hikvision Digital Technology Co. Ltd, China, recently donated a Hikvision Temperature Screening Thermographic camera to the Airport and Aviation Services…
Axiata Digital Labs, the technology hub of AXIATA Group Berhad, Malaysia is expanding its sustainability and CSR initiatives with the launch of ADL Heartbeat, the sustainability arm of ADL. Stepping…
ජාතික පාරිභෝගික මිල දර්ශකයේ (2013 = 100) ලක්ෂ්යමය වෙනස මගින් මනිනු ලබන මතුපිට උද්ධමනය, 2020 මාර්තු මාසයේ පැවති සියයට 7.0හි සිට 2020 අප්රේල් මාසයේ දී සියයට 5.9 දක්වා පහළ ගියේ…
2011 අංක 42 දරණ මුදල් ව්යාපාර පනත යටතේ බලපත්රලාභී මුදල් සමාගමක් වන ‘ද ෆිනෑන්ස් කම්පැනි පී එල් සී ආයතනය’, 2008 වර්ෂයේ දී එම ආයතනය අයත් ව තිබූ සෙලින්කෝ සමාගම් සමුහයේ…
Photo Caption: Midas Safety Sri Lanka handing over 1.25 million medical gloves to Hon Prime Minister Mahinda Rajapaksa Midas Safety Sri Lanka, one of the world’s leading industrial safety glove manufacturer,…
Prof. Nalaka Jayakody, DSc With Sri Lanka being commended for its highly successful measures in containing the novel coronavirus which led to a global pandemic whilst many developed nations failed…
මහාචාර්ය නාලක ජයකොඩි (DSc) සංවර්ධිත රටවල් ඇතුළුව ලෝකයේ බොහොමයක් රටවල් කොවිඩ් 19 ගෝලීය වසංගතය ඉදිරියේ අසමර්ථ වෙද්දී නව කොරොනා වෛරසය පාලනය කිරීමට ගත් සාර්ථක ක්රියාමාර්ග ගැන ශ්රී ලංකාව පැසසුමට ලක්…
Huawei Malaysia introduced the Huawei ASEAN Academy, a dedicated training module set to empower digital talent in the region. In its commitment, Huawei aims to nurture 50,000 talents over the…
Huawei held its 17th annual Global Analyst Summit in Shenzhen, both onsite and online. At the event, Huawei was joined by over 2,000 analysts, key opinion leaders, and media representatives…
“Drifting the curve” is the SLASSCOM industry strategy for building momentum to come out of the “corner” (current situation) stronger. When race car drivers approach a bend on the track,…
When Sri Lanka entered a sudden lockdown, in response to the global COVID – 19 pandemic, Saaraketha, Sri Lanka’s largest retailer and exporter of certified fresh organic produce and ethically…
Introduces “Huawei Share” enhancing user experience and productivity Huawei, announced the introduction of Huawei MateBook D 15, the latest addition to Huawei’s product portfolio in Sri Lanka. The Huawei MateBook…
Launches #vivography to create a pool of photographs taken by local ‘vivo-users’ From candid snapshots to sleek ad campaigns and everywhere in between, smartphone photography has advanced rapidly in a…
The Asian Development Bank (ADB) has provided a guarantee for a $25 million trade loan to the State Pharmaceuticals Corporation of Sri Lanka (SPC) to purchase medical supplies as part…
The Planters’ Association of Ceylon (PA) commended exhaustive measures taken by Regional Plantation Companies (RPC) in partnership with Government and health authorities to minimize the risk of COVID-19 being transmitted…
GlaxoSmithKline has sold its stake in Unilever’s Indian business for $3.4 billion, marking India’s largest block trade, which will help the British company in its goal of reinvigorating its drug…
Begins 11th May with a weekly service offering capacity of up to 50 tonnes per flight to more than 65 cities and counting Emirates SkyCargo has announced the commencement of…
Velona Cuddles, the leading Diaper brand in Sri Lanka has commenced delivering its products through PickMe in order to serve its customers during this COVID 19 emergency. The ongoing curfew…
Despite the volatile condition in the country and the world due to the pandemic, Sri Lanka’s first fintech accelerator program launched virtually on April 23rd 2020. This is also the…
සෞඛ්ය සේවා අධ්යක්ෂ ජනරාල්, වෛද්ය අනිල් ජාසිංහ විසින් 2020 අප්රේල් 28 දින බෝවෙන රෝග පිළිබඳ ජාතික ආයතනයේ (IDH) නව අණුක රෝග විනිශ්චය පිළිබඳ රසායනාගාරයක් විවෘත කරන ලදී. මෙල්ස්ටකෝප් පීඑල්සී, ජෝන්…
Huawei, the innovative smartphone manufacturer, exhibits an innovative product portfolio from smartphones to Media Pads, Wearables, Earbuds, software and tools that cater to multi-faceted needs of the modern era. Huawei…
The sole authorized distributor of Honda in Sri Lanka; Stafford Motors has joined with its subsidiary, Inventive Polymers Lanka (Pvt) Ltd, to donate face shields to support the national initiative…
Encourages all Sri Lankan’s to reflect and engage in religious observances from home Committing to ‘giving’ in its true spirit, HUTCH will be launching its trademark Digital “Vesak Deemana” for…
President Gotabaya Rajapaksa, in response to the joint statement received by him on Tuesday, 26th of April, 2020 with the signatures of leaders of major opposition political parties, informed them that…
Britain’s government made a firm decision to allow China’s Huawei to have a role in building the country’s 5G phone network and as far as the foreign ministry’s top official…
As the world races to curb the spread of the deadly COVID-19 disease, eMarketingEye (www.emarketingeye.com), the award-winning Digital Marketing Agency has taken progressive steps to assist Sri Lanka’s struggling Hospitality…
Signs partnership to deliver recharge cards island wide In collaboration with the Ministry of Information and Mass Media and Ministry of Higher Education, Technology and Innovation on a special request…
By Dr. Nirmal De Silva – Associate Professor in Business, Board Director and Entrepreneur Over the last few weeks there have been many discussions, ideas and content on the impact…
As part of its action plan to help customers to fight COVID-19, Huawei is providing technological services in artificial intelligence (AI), video conferencing, wireless network coverage and smartphones to nations…
As the COVID-19 pandemic continues to spread across the globe, people around the world find their daily lives and means for subsistence affected in numerous ways. The impact of this…
Ministry of Health, Nutrition and Indigenous Medicine together with the Information and Communication Technology Agency (ICTA) of Sri Lanka, the apex ICT institution in the country has developed an application…
Huawei, the innovative smartphone manufacturer, recently unveiled an array of Health and Fitness products ensuring a more convenient and comprehensive way of looking after health and fitness. Huawei Watch GT2,…
With the country facing growing challenges similar to that of many others parts in the world as the expanding coronavirus pandemic (COVID-19) continues, Arpico Insurance PLC, a fully owned subsidiary…
With the country facing many challenges during these unprecedented times as the novel coronavirus (COVID-19) continues to expand, Omega Line Group which operates under the flagship of Italy-based Calzedonia S.p.A…
Lack of legal power for PHIs, a shortage of safety equipment, gruelling work hours and dealing with stress and anxiety; how are our first responders are putting their lives on…
NOMINATIONS ARE EXTENDED TO AUGUST DUE TO COVID-19 PANDEMIC Online submissions of entries are open until Friday, 21 August 2020 Precautionary health measures to be conducted before and during awards…
The coronavirus outbreak and the resultant prolonged business disruptions will put additional pressure on Sri Lankan finance and leasing companies’ (FLCs) earnings and asset quality, says Fitch Ratings. The ultimate…
The ADB in its latest report, Asian Development Outlook (ADO) 2020 released on Friday (3) forecasted significant headwinds for Sri Lanka’s economy as it fights the spread of COVID-19, which…
The government has taken steps to suspend Sri Lankan residents from making payments through Outdraw Investment Accounts (OIA) for overseas investments for a period of three months. Prime Minister Mahinda…
The Sri Lankan Rupee has further depreciated against the US Dollar, with the speculative behaviour in the market with the spread of COVID-19 outbreak. According to the Central Bank of…
UN (AP) – The global economy could shrink almost 1% this year due to the new coronavirus, a sharp reversal from the pre-pandemic forecast of 2.5% growth, the United Nations…
WASHINGTON, — The World Bank’s Board of Executive Directors Thursday (02) approved the $128.6 million Sri Lanka COVID-19 Emergency Response and Health Systems Preparedness Project to help the country prevent,…
HSBC, the largest international bank in Sri Lanka, is offering a range of relief measures for its personal and corporate customers given the challenges presented by the ongoing novel-Coronavirus (“COVID-19”)…
In an effort to raise awareness on Cancer, Airtel Lanka held a Cancer Awareness Week for employees in commemoration of World Cancer Day 2020. According to the World Cancer Day…
The Colombo Stock Exchange (CSE) has continued to receive inquiries pertaining to the hosting of Annual General Meetings (AGMs) and requesting guidance to comply with the mandatory requirement within the…
Sri Lanka’s inflation, as measured by the change in the Colombo Consumers’ Price Index (CCPI), declined to 5.4% in March 2020 from 6.2% in February 2020, the Central Bank reported.…
The coronavirus pandemic is the worst global crisis since World War II, UN Secretary-General Antonio Guterres said Tuesday, expressing concern that it could trigger conflicts around the world. Guterres said…
Huawei announces solid business performance and commitment to creating greater value for customers and society Huawei released its 2019 Annual Report today, detailing a solid business performance. The company’s global…
Huawei is renowned for unveiling powerfully designed smartphones at affordable prices. The recently unveiled Nova 7i further raises the bar in terms of design and performance, and proves to be…
TM Forum and Huawei Technologies holding a live webinar on 26th March 2020 titled “Whitepaper Launch – Unleash the Power of Digital Transformation”. The webinar reverts on Digital Transformation of…
Huawei recently introduced Nova 7i, the mid-range smartphone that incorporates flagship features in a robust design. Nova 7i became an instant hit among Sri Lankan consumers due to its outstanding…
Keeping true to its long devotion to the best interests of their customers, HUTCH has today introduced another key initiative ensuring continuity and access to telecommunication services at a time…
Ships and their crews must be able to trade freely with minimal port restrictions to ensure supply lines don’t freeze up while the coronavirus shuts down much of the globe,…
Sri Lanka’s President Gotabaya Rajapaksa has pledged 5 million US dollars to a South Asian emergency fund for anti-Coroanvirus activities, his office said. Prime Minister Modi had proposed the fund…
Commercial Bank of Ceylon, Sri Lanka’s largest private lender is ready to support borrowers whose cashflows would be hit in a worse than average disruption from the COVID-19 Coronavirus pandemic,…
Prima Ceylon (Pvt) Ltd, Sri Lanka’s largest flour miller said it had a three month supply of wheat and had the capacity to distribute it to any part of the…
President Gotabaya Rajapaksa has announced several relief measures which will be granted to the general public who have been affected by the outbreak of Coronavirus in the country. All relief…
President Gotabaya Rajapaksa today pledged a $ 5 million contribution to the SAARC Corona Emergency Fund. The President’s Office said that during the video-conference among leaders of the SAARC region…
Since the COVID-19 outbreak began, Emirates and dnata have been adapting operations in line with regulatory directives as well as travel demand. The airline has aimed to maintain passenger flights…
As initiated and facilitated by the Government of Srilanka, SriLankan Airlines, brought back 829 Sri Lankans who were stranded in India. They have been arriving in the country, as Sri…
Prime Minister Mahinda Rajapaksa has given instructions to distribute food items and essential commodities to the market without any shortage. As per the directives given to Secretary to the Prime…
The official gazette notification on the postponement of the General Election 2020 has been issued yesterday (21). The Extraordinary Gazette stated that the decision has been taken due to the…
Huawei, the innovative smartphone manufacturer, recently introduced Huawei Nova 7i adding yet another feature packed device to the Nova line of smartphones that offer more value for a convenient price.…
By Paul Ducklin: If you’re on your company’s IT team, you’re probably used to preparing laptops for employees to use remotely, and setting up mobile phones with access to company…
Exchanges and CCPs support market participants in the face of the global coronavirus (Covid-19) economic shock London – The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs,…
In collaboration with Huawei, Deloitte has published a new whitepaper discussing how key features of 5G can synergize with other technologies to enhance the effectiveness of pandemic prevention and treatment,…
DIMO together with SIEMENS, a global technological and electrical solutions provider, recently signed a contract with Ceylon Electricity Board (CEB) to embark the package 04 Lot A phase of the…
HUTCH organized an engaging event to unveil its fresh value proposition “Be. Anywhere.” before its staff recently. The fully fledged – coverage campaign translated on how HUTCH has now emerged…
Velona Cuddles, the leading Diaper brand in Sri Lanka, won the ‘Best use of Mobile Award’ in the retail sector at the recently concluded SLT Zero One Awards. In addition,…
World stocks were set on Friday for their worst week since the 2008 financial crisis, with coronavirus panic-selling hitting nearly every asset class and investors fretting that central bank action…
President Gotabaya Rajapaksa requested the heads of research organizations to find ways and means to uplift a small country such as Sri Lanka with a comparatively small population and an…
Sri Lanka has imposed a travel ban for passengers arriving in the island from three coronavirus-hit countries – Iran, Italy & S. Korea. Accoridngly, the Civil Aviation Authority (CAA) has…
Coronavirus’s economic danger is exponentially greater than its health risks to the public. If the virus does directly affect your life, it is most likely to be through stopping you…
eMarketingEye (www.emarketingeye.com), the award-winning Digital Marketing Agency and a pioneer in the Asian region specializing in the Hospitality industry, took home most of the top awards including the coveted “Overall…
Also wins the Consumer Durables Brand of the year The people of Sri Lanka have once again voted for the country’s premier consumer durables retailer “Singer”, as the “Peoples Brand…
වැලිබල් ප්රොපටීස් ලිමිටඩ් සමාගම් 2020 මාර්තු 05 දින සංස්ථාපනය කර තිබේ. මෙය ලැයිස්තුගත මූල්ය සමාගමක් වන වැලිබල් ෆිනෑන්ස් පීඑල්සී හි පූර්ණ අනුබද්ධ සමාගමකි. වැලිබල් ෆිනෑන්ස් පීඑල්සී යෝජිත ප්රධාන කාර්යාල ගොඩනැගිල්ලෙහි…
වර්තමානයේ දී ගෝලීය වසංගත තත්ත්වයක් දක්වා උත්සන්න වී ඇති කොරෝනා වෛරසය, මුදල් නෝට්ටු ස්පර්ශ කිරීම මගින් පැතිරී යාමේ හැකියාවක් ඇති බව ලෝක සෞඛ්ය සංවිධානය පවසයි. මේ පිළිබඳව අනාවරණය කරමින්, අපිරිසිදු…
ශ්රී ලංකා අපනයන සංවර්ධන මණ්ඩලය, බෝට්ටු නිෂ්පාදන තාක්ෂණය වැඩිදියුණු කිරීමේ ආයතනය සමග එක්ව බෝට්ටු කර්මාන්තය විනෝදාංශයක් ලෙස ප්රවර්ධනය කිරීම යන මැයෙන් සම්මන්ත්රණයක් 2020 මාර්තු මස 04 වන බදාදා දින කොළඹ…
කොළඹ කොටස් වෙළෙඳපොළ දෛනික ගනුදෙනු අද පෙරවරු 11.44ට අත්හිටුවනු ලැබීය. මෙම සතිය තුළ දෛනික ගනුදෙනු අත්හිටුවනු ලැබූ දෙවන අවස්ථාව මෙයයි. මීට පෙර පසුගිය අඟහරුවාදා (11) දිනයේ ද මෙලෙස ගනුදෙනු අත්හිටුවනු…
A Triumphant Return of The Region’s Most Prestigious Real Estate Awards in Colombo Long awaited black-tie event and awards ceremony to be held in Colombo on 17 July 2020, with…
In an all new, exciting edition of the Slow Boat series, Chandan Lahiri from India and Timm Kruse from Germany will paddle their watercraft around the coast of Sri Lanka.…
Huawei, innovative smartphone manufacturer, recently unveiled their novel addition to the much acclaimed Y series, the Huawei Y7P, to general enthusiasm. Alongside the flagship features with an outstanding camera quality,…
Festival at Avenra Garden Hotel on 8th March 2020 from 10 a.m. onwards She could be your mom, sister, girlfriend, fiancé, wife, boss, peer, friend, or any combination of the…
Industrial Engineering Team of DIMO facilitated the Ettampitiya safe Water supply project by executing the entire Mechanical and Electrical (M&E) scope of work for providing safe drinking water to the…
Velona Cuddles, the leading baby diaper brand in Sri Lanka, recently introduced their all new diaper subscription app. This app was released to the valuable clientele as a solution for…
Huawei Sri Lanka and University of Moratuwa (UOM) entered into a Memorandum of Understanding (MoU) to enable the educated and talented youth in Sri Lanka to further enhance their skills…
Mr. Sanjaya Mohottala assumed duties on Monday (02) as Director General of the Board of Investment of Sri Lanka, the Investment Promotion Agency of the Government of Sri Lanka. In…
‘Anagi’ Women’s Savings Account holders of the Commercial Bank of Ceylon can enjoy discounts ranging from 10% to 50% when making purchases via their Debit Cards this March, consequent to…
With over a decade of excellence in providing innovative technology and solutions to both local and international clients, Asia Pacific Technology Services (APTS) emerged victorious at the 4th Edition of…
Huawei, innovative smartphone manufacturer, recently unveiled its all-new introduction to the array of Huawei Y series smartphones, the Huawei Y7P. An instant success, Huawei Y7P has been recognized by professionals…
The cabinet approval has been granted to proceed forth with regards to the In-Service Advisors Service which has been a concern unresolved for nearly 62 years, the Ministry of Education…
The handing over of appointment letters to the unemployed graduates who have fulfilled the required criteria is nearing its last stage. The relevant candidates should have obtained a first degree…
ஆயுள் காப்புறுதிதாரர்கள் மகிழ்ச்சியான மற்றும் ஆரோக்கியமான வாழ்க்கையை முன்னெடுப்பதை உறுதி செய்யும் வகையில், யூனியன் அஷ்யூரன்சின் புத்தாக்கமான “யூனியன் லைஃவ்ஸ்டைல் போனஸ்” ஊடாக ஆரோக்கிய நலன் தொடர்பான சேவைகளுக்கு விலைக்கழிவுகளை வழங்க நடவடிக்கை மேற்கொள்ளப்பட்டுள்ளது. காப்புறுதிதாரரின் நலனை மேம்படுத்தும் வகையில், யூனியன்…
The success of ASEAN’s digital transformation need the support of the private sector and market players like Huawei in building an innovation ecosystem and addressing issues related to big idea…
Ideal First Choice, the multi brand total after care arm of the Ideal Group expanded its branch network by opening its 8th service center at Dambulla and 9th at Wanawasala.…
The Gazette notification pertaining to the dissolution of the Parliament has been sent to the Government Printer. Accordingly, the Parliament will be dissolved with effect from midnight today (02). Reportedly,…
Financial Accounting Advisory Services (FAAS) – Academy of training of EY (Ernst & Young) organizes a training program on the accounting, governance and credit risk implications arising from New Finance…
Sri Lanka Telecom PLC (SLT) the leading Digital Lifestyle Service Provider in Sri Lanka, concluded the financial year 2019 on a high note, with 28% YoY growth in Profit After…
යුනියන් ඇෂුවරන්ස් සමාගමේ ජීවිත රක්ෂණ හිමියන්ට වඩාත් නිරෝගී ජීවිත ගතකිරීමට අවස්ථාව සලසා දීමේ පියවරක් වශයෙන් යුනියන් ලයිෆ්ස්ටයිල් බෝනස්’ වැඩසටහන යටතේ ඔවුන්ට තෝරාගත් සෞඛ්ය සේවාවන් සඳහා ආකර්ෂණීය වට්ටම් පිරිනැමීමට කටයුතු යොදා…
Encouraging life insurance policyholders to enjoy life and lead healthier lifestyles, the innovative Union Assurance’s ‘Union Lifestyle Bonus’ offers an impressive range of wellness–related discounts. Nurturing the wellbeing of life…
The United Nations High Commissioner for Human Rights, Michelle Bachelet will be presenting her Oral Update on Sri Lanka withdrawing its co-sponsorship of Resolution 40/1 of March 2019 on ‘Promoting…
‘’Sri Lanka Corporate Health and Productivity Awards 2020’’ conducted by the Chamber of Young Lankan Entrepreneurs (COYLE) in collaboration with Japan External Trade Organization (JETRO) was held recently at BMICH.…
BBC – Global financial markets saw some of the sharpest falls in years on Monday after a rise in coronavirus cases renewed fears about economic slowdown. In the US, the…
Headline inflation as measured by the year on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 increased to 7.6% in January 2020 from 6.2% in December 2019. This…
Unveiling a pivotal achievement post its strategic acquisition of Etisalat Lanka (Pvt) Ltd., in 2018, Hutchison Telecommunications Lanka (Pvt) Ltd, today announced the successful completion of the merger between the…
Huawei, leading global information and communications technology solution provider, recently launched company’s new initiative, Tech4ALL in Sri Lanka, to promote the digital inclusion for both individuals and small businesses by…
Sri Lanka Airlines (SLA) is in consultation with the Attorney General’s (AG) Department to initiate legal action to recover the maximum possible amount in compensation from Airbus company which is…
Dialog Axiata Group, the largest Foreign Direct Investor (FDI) operating under the aegis of the Board of Investment of Sri Lanka (BOI), announced the entering into of two supplementary agreements…
Sri Lanka’s industrial and service sectors grew at a slower pace in January from December on the coronavirus outbreak in China, the central bank said in the Purchasing Managers’ Index…
With the coronavirus epidemic becoming a serious cause for concern, the Hambantota International Port (HIP) has put in place several measures to ensure the safety of their staff, environment, and…
Retired Major General Prasad Samarasinghe assumed duties as the Head of Management at the Lotus Tower (Feb 14). After 35 yearlong service in Sri Lanka Army, he had served in…
Sri Lanka’s Hemas Holdings, which has interests in consumer, healthcare, logistics and leisure said there was recovery in consumer demand through group profits were down 4.9 percent from a year ago…
This government will work with commitment to save the country from the present chaotic situation without pointing fingers at the past for prevailing problems President Gotabaya Rajapaksa says.He said that…
President Gotabaya Rajapaksa says that the present education system should be reformed in order to achieve a rapid growth in economy.During the meeting at the Presidential Secretariat today (10) the…
A smart card and an online E-ticketing system would be introduced for easy seat reservation in trains, Transport Minister Mahinda Amaraweera said.He said a Cabinet Paper would be submitted in…
01.Management of archaeological heritages of Rajagala archaeological complex.It has been unveiled that there are 593 places of archaeologically importance in the shrine complex of ‘Ariyakara’ scattered throughout an extent of…
The Youth Forum Leadership Summit 2024 organized by the U.S. Embassy in Sri Lanka will be held March 4 to 7 in Colombo. The eagerly anticipated Youth Forum Leadership Summit is…