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Ransomware actors have had a rough start this year, as stats from cybersecurity firm Coveware show companies are increasingly refusing...
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From April 22-26 in Trincomalee, the United States Navy, U.S. Marine Corps, and Sri Lanka Navy will partner for the Cooperation...
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(Reuters) - The International Monetary Fund (IMF) stands ready to support Sri Lanka's discussions with international bondholders and will provide...
2 min read
McLarens Lubricants, in collaboration with Mobil as the Official Lubricant Partner, is set to reignite the tracks at Fox Hill...
1 min read
The Total transaction value in the Digital Payments market is projected to reach US$9.98bn this year, according to Statistica. Total...
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Gold prices rose to another record high after Federal Reserve Chair Jerome Powell signaled policymakers would wait for clearer signs...
6 min read
Nissan to strengthen product portfolio, advance electrification, introduce new ways of developing and manufacturing, and harness partnerships to achieve Ambition...
3 min read
The IMF team reached staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program...
2 min read
The Ceylon Chamber of Commerce is deeply concerned about the decision by the Cabinet of Ministers totemporarily suspend the parade...
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(Reuters) - Sri Lanka's key inflation rate fell to 5.9% in February from 6.4% in January, the statistics department said...
2 min read
Top Cyber-Physical Systems Security Firm,TXOne Expands Presence in Sri Lanka Through Netpoleon Group
TXOne Networks, a leader in Cyber-Physical Systems (CPS) security, recently announced a regional distribution partnership with Netpoleon Group, a Singapore-based value-added distributor...
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President Ranil Wickremesinghe has decided to establish a special commission to expedite the development of Galle. He made these remarks...
2 min read
A recent media report in Sri Lanka claimed its Central Bank plans to introduce a central bank digital currency (CBDC) this year....
2 min read
The Committee on Public Accounts (COPA) revealed that more than 14000 farms in Sri Lanka have been closed and this...
1 min read
Colombo Bourse ended in the green for consecutive days for the first time in over 2 weeks and thus concluded...
The government has already explored the offshore wind power potential in the country especially in the North and East, expediting...
3 min read
The United States Agency for International Development (USAID), in collaboration with the Public Utilities Commission of Sri Lanka (PUCSL), launched...
2 min read
The targets laid out in Sri Lanka’s budget for 2024 will be challenging to meet, even with the economic recovery...
1 min read
Corporate earnings have reported consecutive YoY degrowth, in this June quarter with macroeconomic challenges pushing earnings to a 3-year low...
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The plastics and rubber products market expected to grow to $1899.33 billion in 2027 at a CAGR of 6.7% with...
2 min read
During his presence at the annual festival of the National Shrine of Our Lady of Madhu in Mannar yesterday (15th),...
2 min read
The Lanka Coffee Association (LCA), Sri Lanka’s only national coffee association in promoting andadvancing the coffee sector in Sri Lanka...
2 min read
Threadworks, a leading innovator in baby products, is thrilled to announce the successful launch of its ground-breaking product line –...
2 min read
It was decided in the Sectoral Oversight Committee on Alleviating the Impact of the Economic Crisis to set up expert...
1 min read
Sri Lankan insurers will most likely see fewer risks in investment and liquidity post-debt restructuring plans of the Sri Lankan...
2 min read
(Reuters) - Sri Lanka's inflation rate, which dropped to single digits for the first time in months in July, may...
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It was disclosed at the Sectoral Oversight Committee on Environment, Natural Resources & Sustainable Development that there is a tendency...
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The Committee on Public Finance (COPF) chaired by Dr. Harsha de Silva expressed displeasure over the absence of the officials...
1 min read
The Central Bank has released a pamphlet on ‘Monetary Policy Implementation in Sri Lanka’ in all three languages, with the...
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The Sri Lanka High Commissioner in Kenya, Veluppillai Kananathan, who is also concurrently accredited to the Republic of Benin, presented...
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(Reuters)- The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for...
2 min read
The Consumer Affiars Authority (CAA) is in the process of introudcing maximum retail prices (MRP) for tiles, cement, and bathroom...
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By Imesha Dissanayake The common path followed by almost all IMF member countries in response to sovereign debtcrises in recent...
1 min read
The Colombo Stock Exchange (CSE) rallied with a massive gain fueling bullish optimism for the fifth consecutive day, surpassing and...
1 min read
(Reuters)The Asian Development Bank (ADB) on Monday approved a $350 million special policy-based loan to provide budget support to Sri...
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By Cristen Hemingway Jaynes A new report from the International Energy Agency (IEA) says that investment in clean energy is “significantly outpacing” fossil fuel spending and...
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Lanka Coffee Association, in partnership with Australia’s Market Development Facility (MDF)and Jetwing Hotels successfully hosted the second annual Sri Lankan...
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(Mongabay) - The month of April is typically the warmest in Sri Lanka as the sun is positioned directly over...
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In early May 2023, Nestlé Lanka announced that it would be delisting from the Colombo Stock Exchange (CSE), subject to...
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Sri Lanka's apparel exports hit a fresh low as April performance fell sharply by 24 percent Year-on-Year when compared to...
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The Sri Lanka Atomic Energy Board stated in the Sectoral Oversight Committee on Energy and Transport that if all activities...
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The Food and Agriculture Organization of the United Nations (FAO) initiated a 1.5 million USD project via funding from China...
1 min read
The roadmap for the establishment of the National Policy Commission was discussed at the National Council Sub-Committee on Identifying Priorities...
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The Shanghai Corporation Organization’s (SCO) Trade and Economic Multi-Functional Platform pledged trade and economic assistance to Sri Lanka through the...
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Apparel is Sri Lanka's largest industrial export and earned $5.95 billion in 2022, helping the country as it weathered its...
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Minister of Labor and Foreign Employment Manusha Nanayakkara announced that steps will be taken to prepare the new integrated labor...
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Economists sharply cut Sri Lanka’s growth outlook for the rest of the year as curbs on imports and still-limited reserves...
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U.S. Treasury Secretary Janet Yellen will push this week for urgent resolution of requests by Zambia and Ghana for restructuring...
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Sri Lanka’s economy—grappling with a debt and balance of payments crisis—to project to be only economy in Developing Asia to...
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By Aditya Gowdara Shivamurthy On 20 March 2023, the Executive Board of the International Monetary Fund (IMF) approved a four-year...
1 min read
Tourism and Lands Minister Hon. Harin Fernando announced that the gazette declaring 16 tourism zones identified in Sri Lanka is...
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Colombo Bourse ended the day in the red zone at 9,233 losing 52 points as mixed sentiment was observed in...
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The global energy transition is off-track, aggravated by the effects of global crises. Introduced by IRENA’s Director-General Francesco La Camera...
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After continuous selling in the previous sessions, the bourse closed in green gaining 23 points with revitalized interest on banking...
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The Ceylon Chamber of Commerce )CCC) congratulated the Government on securing the Extended FundFacility (EFF) with the IMF. "We appreciate...
1 min read
The All Share Price Index (ASPI) of the Colombo Stock Exchange reached an intraday high of 9,758 and closed the...
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Ambassador Julie Chung announced today the recent arrival of 770 metric tons (MT) of fortified rice and 100 MT of...
1 min read
The ongoing information survey and verification process for the verification of 1.1 million welfare benefit applications has been completed, according...
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Sri Lankan workers’ foreign remittance inflows rose by 98.8% year-on-year to US$ 407.4 million in February 2023 from US$ 204.9...
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Thirteen of the leading companies listed on the Colombo Stock Exchange (CSE) have pledged their support to increase women’s representation at...
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The price of gold in Sri Lanka has reduced sharply to Rs. 20480 for every gram due to the Sri...
2 min read
Representatives from the World Bank assured that the World Bank will continue to support Sri Lanka’s development reforms program. They...
1 min read
First Capital Research predicted a 50% possibility of the Monetary Board of the Central Bank of Sri Lanka (CBSL) maintaining...
2 min read
President Ranil Wickremesinghe stressed that the current tax policy in Sri Lanka is not a normal tax policy, but rather...
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The first group of Sri Lankan public sector accounting and auditing professionals participated in Sri Lanka Public Sector Accounting Standards...
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Having recognized the need to institutionalize financial consumer protection in the delivery ofservices by financial institutions regulated by the Central...
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An initial shipment of 600 metric tons of fortified rice funded by the U.S. Agency for International Development (USAID) arrived...
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(Reuters) - Sri Lanka's economy is expected to grow again from the end of this year and the government hopes...
1 min read
Import expenditure on fertilizer increased significantly by 213.8 percent ($ 115.8 million) in December 2022 due to higher import volumes...
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The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) continued to thrive in the green for the...
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The Ceylon Chamber of Commerce (CCC) recently launched the 8th edition of its flagship annual OutlookReport for 2023 at the...
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International Monetary Fund (IMF) Executive Director Dr. Krishnamurthy Subramanian, who called on Prime Minister Dinesh Gunawardena at the Prime Minister’s...
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Members of the Public Utilities Commission (PUCSL) stated before the National Council that they unanimously agreed to send documents to...
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(Reuters) - The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it...
1 min read
(Reuters) - The number of children grappling with various forms of undernutrition in Sri Lanka increased for the first time...
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(Reuters) - India has told the International Monetary Fund (IMF) it will support Sri Lanka's debt restructuring plan, a source...
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The Committee on Public Finance chaired by Dr. Harsha De Silva unanimously expressed its displeasure over the operations of the...
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The United States Agency for International Development (USAID) coordinates with Keells Supermarkets and Hatton National Bank (HNB) on an innovative...
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United Nations World Food Programme (WFP) has approved $74.87 million worth of assistance to economic crisis-hit Sri Lanka’s Country Strategic...
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The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to permanently revoke permit No. DFE/RD/0058 issued...
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On November 30, Brandix Essentials, an apparel manufacturing company in the Koggala Free Trade Zone (KFTZ), locked out about 1,500...
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Sinopec, one of the largest oil and gas enterprises with over 27,000 service stations in China, entered into an agreement...
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The presence of SOEs in strategic sectors of Sri Lanka is proof of the significant value creation it cangenerate through...
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IFC has appointed Alejandro Alvarez de la Campa as the new Country Manager for Sri Lanka and Maldives. Based in...
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The private sector’s role in driving growth in an economic reset of Sri Lanka will be under thespotlight at the...
6 min read
On November 17th, the parliament of Sri Lanka passed long-awaited amendments to the Children and Young Persons Ordinance (CYPO). This...
1 min read
First Capital Research (FCR) sees a high probability of the Central Bank of Sri Lanka (CBSL) maintaining policy rates at...
2 min read
The Governor of the Central Bank of Sri Lanka (CBSL)Dr. P. Nandalal Weerasinghe stated in Parliament that customers who have...
2 min read
Sri Lanka’s infrastructure facilities, human resources, and other required facilities are in place and now what is needed to attract...
8 min read
By Imesha Dissanayake The COVID-19 pandemic and the subsequent economic crisis revealed vulnerabilities in the SriLankan economy and weakened its...
1 min read
While rigorously monitoring the liquidity risk profiles of the banks, the Central Bank of Sri Lanka (CBSL) announced that it...
2 min read
(Reuters) - Sri Lanka’s tea industry could earn $1.4 billion this year despite the lowest production in decades and fertilizer...
1 min read
The Committee on Public Finance was of the view that Regulations published in the Extra Ordinary gazette Notification 2296/30, Under...
1 min read
The Ceylon Chamber of Commerce welcomed the passing of the 21st amendment withan overwhelming majority in Parliament last week. While...
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The Committee on Public Accounts (COPA) recently directed its attention to the failure in maintaining a special rice reserve of...
3 min read
Sri Lanka's merchandise imports rebounded to $1.40 billion in August from historic lows of $1.289 and $.23 billion recorded in...
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The promotion of business cooperation between the Nordics and Sri Lanka remains animportant and relevant priority, Ambassador of Norway to...
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By P. K. Balachandran Lanka is silent on Wang Yi’s assertion that the two countries will re-redstart negotiations which begun in...
2 min read
The American Center in Colombo has relocated to the new U.S. Embassy building and opened its doors to program participants once...
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The need for Sri Lanka to focus more strongly on developing and liberalizing international tradein order to embark on a...
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Reuters) - India said on Tuesday it had begun talks with Sri Lanka on restructuring its debt and promised to...
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Building on the USAID Administrator Samantha Powers’s recent visit, US Ambassador to Sri Lanka Julie Chung announced today that the...
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(AP) — A visiting U.S. diplomat on Sunday urged Sri Lankan authorities to tackle corruption and introduce governance reforms alongside...
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The High Commission of Sri Lanka in Bangladesh in collaboration with the Sri Lanka Convention Bureau (SLCB) and SriLankan Airlines...
1 min read
The nomination submitted by the Minister of Finance to the Parliamentary Council for membership of the Welfare Benefits Board has...
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Activists gathered in Makati City today to express solidarity with the people of debt-burdened Sri Lanka as they continue to...
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Sri Lanka's President Ranil Wickramasinghe recently announced that the government targets 2.5 million tourists by end of 2023. "In order...
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Today, the United States, through the U.S. Department of Agriculture (USDA) and in partnership with Save the Children, received 320...
1 min read
Amidst the foreign exchange crisis, The government has taken steps to suspend the importation of over 300 non-essential including personal-care...
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Sri Lanka's 2023 budget would aim to reduce the fiscal deficit to 6.8 per cent in 2023 from the projected 9.9 per...
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Incorporated on the 30th of September in 1992 as a public company fully owned by the governmentof Sri Lanka, Kalubowitiyana...
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With the view to encouraging service exporters to repatriate their export proceeds into the country, the Central Bank of Sri...
1 min read
Colombo Bourse traded positively throughout the session hoisting the daily turnover to a nearly 6 ½-month high while proving beyond...
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U.S. Secretary of State, Antony Blinken described the recent turmoil in Sri Lanka as an "opportunity" when he met Ali...
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The Ceylon Chamber of Commerce welcomes the call by President Ranil Wickremesinghe to initiate the formation of an All-Party Government,...
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The Best Corporate Citizen Sustainability Awards 2022 organised by the Ceylon Chamber of Commercewill this year introduce a new award...
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“Sri Lanka’s economic collapse needs immediate global attention, not just from humanitarian agencies, but from international financial institutions, private lenders,...
2 min read
Supporting the Small and Medium Enterprise sector and fostering constructive dialogue amongst the public, private and non-governmental stakeholders on navigating...
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The Chairman of the Ceylon Chamber of Commerce, Vish Govindasamy behalf of the Chamber congratulated the new President of Sri...
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By Praveen Swami Eleven hundred feet over the Colombo skyline, the giant, hot-pink lotus thrusts out of its green metal...
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Joint Chambers welcome the announcements made by the President that he will resign on the13th of July respecting the wishes...
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More than two in three families in Sri Lanka do not have enough to eat, according to a survey by...
1 min read
The Central Bank of Sri Lanka (CBSL) on Friday printed as per a request from the Treasury to secure urgent...
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DFCC Bank, the Bank for Everyone, through its SustainabilityStrategy, seeks to create a resilient world for everyone. Developed in 2020,...
1 min read
Sri Lanka has the highest probability of 85 percent among Asian economies to fall into recession next year, according to...
1 min read
The Central Bank of Sri Lanka (CBSL) expects inflation to peak to around 75 percent in the fourth quarter of...
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n an effort to fight inflation due to the ongoing economic crisis, the Monetary Board of the Central Bank of...
1 min read
As Sri Lanka increasingly focuses on developing its export sector in order to address theeconomic crisis, the Ceylon Chamber of...
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(BBC)- The UK government is advising against all but essential travel to Sri Lanka as a severe economic crisis has...
2 min read
By virtue of the powers vested under Section 19 (1) read together with section 19 (2) of the Financial Transactions...
1 min read
The Committee on Public Accounts (COPA) instructed the officials of the Ministry of Power and Energy to prepare a detailed...
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(ANI): Sri Lanka has decided to limit fuel for private vehicles as the fuel shortage continues to worsen in the...
1 min read
(Reuters) - Sri Lanka's president on Friday appointed tycoon Dhammika Perera as minister for investment promotion, his office said in...
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(WSWS)- The Sri Lankan government, with active union support, has begun unleashing a new round of International Monetary Fund (IMF)...
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More than 30 institutional holders of the 11 outstanding series of international bonds issued by the Democratic Socialist Republic of Sri...
3 min read
To tackle the escalating issue of Sri Lanka’s plastic waste management, the Ceylon Chamber ofCommerce has initiated the implementation of...
1 min read
Ishara Nanayakkara-led LOLC Holdings acquired a 9.99% stake in DFCC Bank PLC through the Bank's recently concluded rights issue. "In...
2 min read
The United States announced today that it will provide $6 million in emergency assistance as a part of a much...
2 min read
The U.S. Government, through its development agency, the U.S. Agency for International Development (USAID), is partnering with the Institute of...
1 min read
The Speaker of the Parliament, Mahinda Yapa Abeywardena yesterday endorsed the certificate on the Sri Lanka Electricity (Amendment) Bill to...
2 min read
The Embassy of the United States of America announced today that the U.S. International Development Finance Corporation (DFC) Board of...
2 min read
The debilitating crisis in Sri Lanka has left nearly half of the children in the country in need of some...
3 min read
The proposed introduction of a minimum tax of 15% on the foreign profits of the largest multinational enterprises (MNEs) has...
3 min read
It is unreasonable to claim that the country lost nearly Rs. 500 billion due to the change in tax policies...
2 min read
Compounding the damage from the COVID-19 pandemic, the Russian invasion of Ukraine has magnified the slowdown in the global economy,...
1 min read
Sri Lanka's Prime Minister informed the Parliament yesterday that the country's economy is set to contract by 6.5 percent due...
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The UN food agency would be drafting a food crisis response plan for Sri Lanka amidst threats of a food...
3 min read
The new revenue proposals plan to raise Rs. 295 billion per annum, constituting about 20% incremental revenue assuming last year’s...
4 min read
The Chairman of the COPE, Prof. Charitha Herath, resolved the drug shortage in the country as soon as possible using...
4 min read
By Usha Perera Sri Lanka’s education sector, still reeling from the effects of the COVID-19 pandemic, now faces acute challenges...
1 min read
The economic crisis leading to Aviation fuel (ATF) shortage and soaring prices in Sri Lanka is prompting SriLankan Airlines to...
2 min read
Sri Lanka is receiving Russian crude oil that it will use to make fuel as the bankrupt nation faces crippling...
1 min read
The Parliamentary Council decided to concur with the recommendation to appoint Anthony Nihal Fonseka as a member of the Monetary...
3 min read
Sri Lanka is looking to fast-track talks with the International Monetary Fund and agree on a loan by mid-June so...
3 min read
A groundbreaking initiative launched today at the World Economic Forum Annual Meeting in Davos 2022 aims to greatly reduce the...
2 min read
The Management of Sri Lanka Ports Authority (SLPA), the terminals Colombo International ContainerTerminals Ltd (CICT), South Asia Gateway Terminals (Pvt)...
The Chairman of the Colombo Stock Exchange (CSE) Dumith Fernando who has served in this role since July 01, 2020,...
1 min read
Sri Lanka’s Key Legislative Committee summons CBSL Governor, Treasury Secretary, and other officials
The Committee on Public Finance (COPF), chaired by Anura Priyadarshana Yapa, Member of Parliament, yesterday (19) decided to summon the...
1 min read
The Group of Seven economic powers support efforts to provide debt relief for Sri Lanka, G7 finance chiefs said on...
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(BBC) : Sri Lanka has defaulted on its debt for the first time in its history as the country struggles...
3 min read
(AP) - Sri Lanka's new prime minister on Monday proposed privatizing the country's loss-making national airline as part of reforms...
3 min read
The five-time former Sri Lankan Prime Minister Ranil Wickremesinghe took his oath before President Gotabaya Rajapaksa in a ceremony at...
3 min read
United Kingdom (UK)-based award-winning specialists in boutique holidays , Asia specialist Experience Travel Group has amended its Sri Lanka program to avoid...
7 min read
By Roshini Kapur Sri Lanka is once again at the forefront of breaking news. The country is experiencing its worst economic crisis...
1 min read
Alarmed by the violent attacks on protestors outside Temple Trees and at Galle Face, Sri Lanka's Premier Business Chamber, Ceylon...
2 min read
ICRA Lanka expects the current challenging operating environment to exert pressure on the asset quality levels of Sri Lanka's banking...
5 min read
(AP) — When the Federal Reserve raises interest rates — as it did Wednesday — the impact doesn’t stop with U.S. homebuyers paying...
2 min read
Sri Lanka's state-owned petroleum corporation on Thursday re-introduced fuel rationing for vehicles, as the worst economic crisis in decades roils...
1 min read
Sri Lanka will seek additional loans of $300 million to $700 million from the World Bank, the island’s finance minister...
1 min read
Sri Lanka’s inflation as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100) has increased...
2 min read
Embassy of Sri Lanka in Beijing in collaboration with the China Sri Lanka Association for Trade and Economic Cooperation (CSLATE)...
1 min read
In one of the first, the Central Bank of Sri Lanka (CBSL) published the weighted average yields (WAY) of the...
2 min read
While external debt restructuring remains a top priority for the Sri Lankan government, domestic debt inthe form of Government securities...
7 min read
by Asanga Abeyagoonasekera There have been multiple debt trap myth-busting articles; the Chinese embassy in Sri Lanka endorsed some. The article by...
1 min read
Several banking trade unions including the Ceylon Bank Employees’ Union are on strike today. (28) The strike action is to...
4 min read
The war in Ukraine has dealt a major shock to commodity markets, altering global patterns of trade, production, and consumption...
3 min read
COPE Chairman Prof. Charitha Herath stressed that state institutions should be prepared to send a significant portion of their earnings...
1 min read
The Sri Lankan stock market shut early for a second straight day after a steep fall led by its biggest...
2 min read
The Chairman of the Committee on Public Enterprises Prof. Charitha Herath on Monday recommended to Sri Lankan Airlines postpone the...
1 min read
Chinese Ambassador to Sri Lanka Qi Zhenhong said that China was concerned over Sri Lanka’s decision to default on its...
1 min read
Teachers’ and Principals’ unions are on an island wide token strike on Monday (25). This island wide strike is staged...
1 min read
Opportunities for Sri Lankan citizens in the Russian Labor market were discussed on April 13 at a meeting of the...
2 min read
Minister of Foreign Affairs, Professor G.L. Peiris met with the Ambassador of China, Qi Zhenhong, on 21 April, 2022 at...
1 min read
Sri Lanka has recorded a year-on-year inflation of 21.5% in the month of March according to Sri Lanka’s National Consumer...
1 min read
The World Bank on Tuesday expressed their support to Sri Lanka during a meeting with Finance Minister Ali Sabry in...
2 min read
The Committee on Public Accounts made recommendations to the officers of the Excise Department to expedite the preparation of the...
1 min read
The Sri Lanka rupee has further depreciated against the US Dollar, the Central bank of Sri Lanka (CBSL) said. The...
1 min read
Issuing a new direction, the Central Bank of Sri Lanka (CBSL) allowed the country's Finance Companies (NBFI)to set the ceiling...
4 min read
(Thomson Reuters Foundation) - It is hard to know how much Sri Lankan forest has been cut down as fuel...
3 min read
(Reuters) - Sri Lankan police fired live ammunition to scatter protesters on Tuesday, killing one person and injuring a dozen...
3 min read
(PTI) - India is working on a strategy to fill the supply gaps that have opened up in the global...
9 min read
By Imesha Dissanayake We often ask the question as to why Sri Lanka should decarbonise when our carbon emissions are...
1 min read
Ceylon Petroleum Corporation (CPC) has increased fuel prices effective from midnight April 18. 92 Octane Petrol : Increased by Rs....
1 min read
Lanka IOC has again increased the prices of petrol and diesel with effect from midnight yesterday. Accordingly, the price of...
2 min read
With the phaseout of moratoriums and other relief measures, World Bank (WB) expects a sizeable deterioration in the asset quality...
2 min read
(DW) -Sri Lanka will temporarily halt foreign debt payments, its central bank governor said on Tuesday, as the country's buckling economy was...
1 min read
In responding to the sharp 700 basis point increase in policy interest rates last week, Treasury Bill(T-Bill) yields at the...
1 min read
US Dollar rate continues to rise at local banks with the economic crisis Sri Lanka is currently facing. Several licensed...
1 min read
World-renowned tea producer Dilmah is looking to expand its business by 50 percent in the next five years, as it...
2 min read
A delegation from the U.S. Department of State visited Sri Lanka from April 3-8, 2022, to review U.S.-funded demining projects...
2 min read
Amana Bank crossed the Rs. 100 billion milestones in Customer Deposits as of Q1 2022 thereby becoming one of the...
1 min read
Sri Lanka Central Bank printed the highest reported amount of money on Wednesday, which is 119.08 billion rupees. Accordingly, the...
1 min read
A shipment worth 36,000 MT petrol and 40,000 MT diesel has been delivered to Sri Lanka within the last 24...
1 min read
Protracted political uncertainty in Sri Lanka is likely to hinder progress in obtaining external financingfrom key development partners or attracting...
2 min read
FCCISL is highly concerned about the mass unrest and certain violent activities that took place, last week.FCCISL is of the...
2 min read
With the need for a proactive approach becoming increasingly evident in the face of mounting socio-economic challenges, a dialogue on...
1 min read
The International Monetary Fund (IMF) issuing a statement has said that it continues to monitor the economic development of Sri...
2 min read
Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Md Jashim Uddin last week stressed the need for signing...
2 min read
(Reuters Breakingviews) - Sri Lanka’s collapse is front of mind for many. Protesters fed up with crippling shortages of essential food...
5 min read
We represent the product, services, and startup companies of the ICT ecosystem in Sri Lanka. This community is a free...
1 min read
Expressing serious concerns on the continuous deterioration in the fuel and electricity availability in the country, hampering daily operations of...
4 min read
By Wilmer Cutler Pickering Hale and Dorr LLP On March 18th, 2022, Sri Lanka enacted the Personal Data Protection Act, No....
2 min read
(Xinhua) -- Sri Lanka has offered greater use of the Colombo Port by Bangladesh for the country's export and import...
2 min read
Ceylon Electricity Board Engineers’ Union (CEBEU) announced that they are against the signing of two Memorandums of Understanding with Adani...
1 min read
Due to unavailability of fuel stocks, Ceypetco has requested the public not to queue up at filling stations for diesel...
2 min read
Bangladesh is looking into cash-strapped Sri Lanka's request for another swap of $250 million, but no decision has been made...
2 min read
India and Sri Lanka have signed an agreement on implementing hybrid power projects on three Sri Lankan islands off northern...
2 min read
(Reuters): India, China, and Bangladesh have stepped in to help Sri Lanka weather a foreign exchange shortage that has forced...
1 min read
During a meeting with President Gotabaya Rajapaksa, United States Ambassador to Sri Lanka and Maldives, Julie Chung has praised the government’s...
2 min read
The Committee on Public Corporations (COPE) revealed that 47 individuals had obtained Rs.68 million worth of loans from the State...
1 min read
Sri Lanka’s gold price continues to rise and the price of 24-carrot gold was listed as Rs. 185,000. The price...
3 min read
(Reuters): Sri Lanka has sought an additional credit line of $1 billion from India to import essentials amid its worst...
2 min read
The International Monetary Fund (IMF) cautioned the Central Bank of Sri Lanka (CBSL) that the debt overhang and the persistent...
1 min read
According to data from the Department of Immigration and Emigration, in 2022 alone, 161,394 passports have been issued up to...
1 min read
Lack of fuel has disrupted operations at several power plants in Sri Lanka leading to an extension of power cuts....
1 min read
Sri Lanka will hire a global law firm to provide technical assistance on debt restructuring ahead of talks with the...
2 min read
(PTIA) : Sri Lanka's parliament on Tuesday approved amendments to the country’s controversial anti-terrorism law, which has been criticized internationally...
2 min read
The Chairman of the Ceylon Chamber of Commerce, Vish Govindasamy thanked the Government and the people of India for coming...
1 min read
Sri Lanka’s central bank said it has issued a 20 rupee coin commemorating the 150th anniversary of the Faculty of...
1 min read
Sri Lanka has sought a $1 billion loan and $1.5 billion credit line from China amidst the ongoing crisis after...
1 min read
Speaker of Parliament, Mahinda Yapa Abeywardena on Wednesday endorsed the certificate on the Intellectual Property (Amendment) Bill which was taken...
2 min read
London and Nigeria-based Cross-border B2B payments and foreign exchange platform Verto has included Sri Lankan Rupee (LKR) allowing its customers to make...
1 min read
The Federal Reserve raised interest rates by a quarter percentage point and signaled hikes at all six remaining meetings this...
6 min read
Despite unprecedented challenges faced due to the pandemic resulting in volatility and economic slowdown, DFCC Bank Group has recorded a...
1 min read
Sri Lanka's largest private sector bank, Commercial Bank of Ceylon is planning to set up a fund management subsidiary in...
1 min read
The Ministerial Consultative Committee on Lands agreed to submit two regulations pertaining to the Land Development Ordinance to Parliament for...
2 min read
Sri Lanka is expecting the earnings from tourism to play a significant role in driving the recovery of Sri Lanka’s...
2 min read
We are only a month away from Sinhala and Tamil New year celebrations and the country’s economic outlook seems grim...
1 min read
Sri Lanka’s central bank will revise up ceiling interest rates on credit card loans and temporary overdrafts now after policy...
2 min read
Sri Lanka's tourism earnings reached a new post-pandemic high of $314.5 million in February before Ukraine-Russia hits the arrivals. The...
2 min read
(Reuters): Sri Lanka will begin talks with the International Monetary Fund (IMF) next month on a plan to help the...
1 min read
Seventeen Ambassadors and High Commissioners to Sri Lanka gathered in Colombo on Friday to stand together as an expression of...
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Reuters: Sri Lanka has limited imports of 367 non-essential items, including fish, footwear, and wine, the finance ministry said on...
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The Ceylon Chamber of Commerce notes with serious concern the adverse effects brought on its members and all sectors of...
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IFC has appointed Lisa Kaestner as the new Country Manager for Sri Lanka and Maldives. Based in Colombo, Kaestner will...
2 min read
By First Capital Research Sri Lanka as a country with strong diplomatic and trading ties with Russia is required to...
2 min read
The Bank for International Settlements (BIS) today launched a new green bond fund dedicated to helping finance investments in green...
1 min read
The Central Bank of Sri Lanka (CBSL) has exhausted $407.76 million in January to maintain the official exchange rate at...
1 min read
Ambassador Julie J. Chung officially began her tenure as the U.S. Ambassador to Sri Lanka today after presenting her credentials...
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By Imesha Dissanayake The Government of Sri Lanka (GoSL) has very ambitious plans for the country’s economic transformation including an...
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By Shakthi De Silva, Bandaranaike Centre for International Studies Sri Lanka teeters on the edge of a grim economic precipice,...
2 min read
(Gulf News) : The Ceylon Tea Bureau has had an office in Dubai for more than 20 years to ensure...
6 min read
By Global Strat View Analysis Sri Lanka’s financial crisis was brought to light when the Sri Lankan government declared a...
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By Asanga Abeyagoonasekera To ease the pressure from Beijing, the day before the Chinese Foreign Minister Wang Yi visited Sri...
1 min read
A medical faculty is to be established at the University of Moratuwa to support the human capital, social & economic...
3 min read
(AFP ) : Supermarket shelves are bare and restaurants can’t serve meals, but Sri Lanka’s economic crisis is a bonanza for...
2 min read
(AsiaNews) : Sri Lanka is facing a food crisis with a shortage of rice in many areas, which will be...
5 min read
By Minoli de Soysa , Hannah Ellis-Petersen Sri Lanka is facing a deepening financial and humanitarian crisis with fears it could go...
1 min read
Sri Lanka's merchandise exports to India increased by a record 34.84% to $815.11 million in 2021. India retained its position...
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Foreign Minister Prof. G.L. Peiris underscored the ‘warm, cordial and mutually supportive partnership’ existing between Sri Lanka and Turkey at...
1 min read
Sri Lanka's cumulative trade deficit crossed the $7 billion mark in the the-11-months period ending in November last year despite...
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The Central Bank of Sri Lanka (CBSL) estimates the economy to have recovered by 4 percent in 2021. As per...
2 min read
The U. S. government’s Agency for International Development (USAID) launched a free online mentoring platform today to connect emerging entrepreneurs...
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By Dushni Weerakoon Sovereign debt restructuring can be pre-emptive or post-default. A default is inherently costly as it can result...
2 min read
(PTI) : Sri Lanka is looking at getting a US$500 million fuel credit line from India even as both sides...
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Aiming to further strengthen friendly ties between Sri Lanka and Pakistan and enhance bilateral trade relations between the two countries,...
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U.K tea, coffee, and botanical extracts supplier Finlays is selling its Sri Lankan tea estates to Browns Investments. The deal...
2 min read
(Indian Express): As Sri Lanka battles to revive its Covid-battered economy, New Delhi and Colombo have agreed on a four-pronged...
2 min read
The upcoming Sri Lanka Economic Summit 2021, the foremost and most anticipated economic event of Sri Lanka, will be inaugurated...
5 min read
(SCMP): As Sri Lanka’s short-lived plan to transform itself into an “organic utopia” collapsed last month, a diplomatic dispute with China over a...
1 min read
Sri Lanka''s inflation measured by Colombo Consumer Price Index (CCPI) hit an eight and half years-high of 9.9% from a...
5 min read
By Policy Research Group Strategic Insight (POREG) Nine months ago, on the 8th of April, the Colombo Port City Economic Commission...
1 min read
Sri Lanka's Workers' remittances Inflows declined by 49.7% on a Year-on-Year basis to $317.4 million in October this year in...
2 min read
DFCC Bank, one of the premier commercial Banks in Sri Lanka, in its pathtowards securing a resilient nation through the...
4 min read
In a significant breakthrough in the performance of its vein graphite anode material in full cells for the lithium-ion (“Li-ion”)...
2 min read
(Reuters) – Sri Lanka is confident of not defaulting on its debt repayments and will work on gradually improving the...
2 min read
(AFP): Sri Lanka slapped a tax on road accidents in a drastic austerity budget unveiled Friday as the country faces...
2 min read
The real wages of formal private-sector workers has grown by 58.6% during the first eight months of this year (2021)...
4 min read
By Dr.Chulanee Attanayake On 30 September, Adani Group, India’s largest private port operator, signed what has been reported as a US$700...
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by Jon Grevatt & Andrew MacDonald Sri Lanka's defence budget is forecast by Janes to increase by an average of 2%...
2 min read
The U.S. Agency for International Development (USAID) has announced the launch of a new, five-year, $49 million initiative, the South...
2 min read
Ceylon Electricity Board Engineers’ Union (CEBEU) issuing a Statement on Saturday announced that CEB engineers have resorted to a trade...
1 min read
Colombo-based Think Tank, Verité Research-backed re-introduction of With Holding Tax (WHT) on Interest Income, Property Taxes and Taxes on Negative...
“Sri Lanka dumps Chinese fertilizer and imports Nano Nitrogen liquid fertilizer from India,” screamed a Colombo media headline a few...
1 min read
The Bank for International Settlements (BIS) today announced the development of an Asian Green Bond Fund, in collaboration with the...
2 min read
In anticipation of the growing post-COVID retail market, ODEL PLC, a subsidiary of Softlogic Holdings plans to open the doors of its landmark...
2 min read
AFP : Sri Lankan President Gotabaya Rajapaksa admitted his government is "not delivering" as shortages persist of food, medicines and...
1 min read
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100), eased off to...
5 min read
By Fermin Adriano Sri Lanka is experiencing a food and economic emergency. Just a decade ago, the country emerged victorious...
3 min read
India and Taiwan are in talks on an agreement that could bring chip manufacturing to South Asia along with tariff...
2 min read
Teardrop Hotels, a chain of luxury boutique hotels in Sri Lanka has appointed BRANDit, a specialist in tourism marketing, as...
1 min read
Russia will increase the number of regular flights to Kyrgyzstan, the United Arab Emirates (UAE), Japan, Uzbekistan and Tajikistan, Bahrein...
2 min read
Medical Joyworks, LLC—Sri Lankan-based start-up in ed-tech solutions for medical professionals and organizations—was granted an ex-parte ad-interim injunction as part...
3 min read
Incorporating gas-powered generation as a sustainable investment into Asian taxonomies could have unintended consequences, finds a new report by the Institute...
1 min read
The largest leisure, travel, and tourism company, TUI Group canceled tour packages to Sri Lanka until the 21st of October....
8 min read
By Asanga Abeyagoonasekera Basic human rights and liberal democracy are dismissed by the autocratic leadership in Sri Lanka. Such circumstances...
2 min read
Financial markets around the world had their worst day in weeks on Monday, as worries about embattled Chinese property developer...
The current restrictions on the current account and capital account are likely to further worsen Sri Lanka's balance of payment...
1 min read
Sri Lanka recorded the highest money printing surge during the short tenure of the Central Bank of Sri Lanka (CBSL)...
1 min read
Bilateral trade between Sri Lanka and Maylasia steeply declined to $600 million in 2020 due to the COVID-19 pandemic and...
1 min read
The secondary market yield curve of government securities witnessed an upward shift in the midst of growing selling pressure from...
5 min read
The Central Bank of Sri Lanka (CBSL) requested licensed commercial banks and licensed specialized banks (licensed banks) to consider extending...
Samsung, the No. 1 smartphone brand in Sri Lanka, announced its partnership with Dialog Axiata PLC, Sri Lanka’s premier connectivity...
2 min read
SriLankan Airlines, the National Carrier of Sri Lanka and a member of oneworld alliance, in a bid to promote greater...
2 min read
The Ceylon Chamber of Commerce (CCC) in collaboration with the Australian Government-funded Market Development Facility (MDF) will host a series...
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by Emily Carll Unless India and the other Quad members provide assistance to Sri Lanka to counterbalance its dependence on...
1 min read
Sri Lanka's unemployment rose to back 5.7 per cent in the first quarter of this year from 5.2 per cent...
8 min read
By Imesha Dissanayake State-Owned Enterprises (SOEs) have many definitions to it, often entailing a definition of a legal entity engaged...
9 min read
By Asanga Abeyagoonasekera In early June, President Biden, under an executive order, essentially blacklisted Chinese firms by prohibiting US investments in certain...
2 min read
(AFP) : Sri Lanka's government ordered an investigation Tuesday into sexual harassment in the media after a string of #MeToo...
6 min read
The coronavirus crisis has indicated a major twist in the approaches utilized by the corporate work setting all around the...
2 min read
Leading Capital Market expert Bimanee Meepagala has joined CT CLSA Holdings Group's Comtrust Asset Management (Comtrust) as its new Chief...
2 min read
Indian power exchanges eyes to host a larger number of buyers and sellers from neighboring countries including Sri Lanka with...
1 min read
United States President Joe Biden has nominated foreign service woman diplomat Julie Chung as the country's envoy to Sri Lanka. Currently...
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(Reuters) : The Group of Seven richest democracies sought on Saturday to counter China’s growing influence by offering developing nations...
2 min read
The American people are providing $100,000 in immediate assistance to support response efforts to the MV X-Press Pearl ship fire. The MV X-Press...
3 min read
Sri Lanka's top mobile money operators (MNOs) Ez Cash and mCash has joined Telcoin, an emerging blockchain-powered fintech service provider's digital money...
2 min read
Sri Lanka's Board of Investment (BOI), Chairman, Sanjaya Mohottala highlighted that the country has emerged as the most ethical sourcing...
3 min read
By Daniel Uribe At the South Center The Intergovernmental Working Group (IGWG) on the Right to Development met virtually for its...
2 min read
Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) yesterday announced that Bharat Parashar has decided to retire...
7 min read
By Sathiya Moorthy In light of the Sri Lankan Parliament passing a new legislation for China’s near-complete control in an ongoing Special...
1 min read
In a first for Sri Lanka, the University of Moratuwa (UoM) formulated a Product Commercialization policy with a view to...
3 min read
The Board of Investment, The Ceylon Chamber of Commerce and the Colombo Stock Exchange is all set to unveil the...
1 min read
China-backed international Financial Center of the Colombo Port City (CPC) has been proposed to get connectivity to some of Colombo...
3 min read
Amid renewed interest among various stakeholders, the Green Energy Champion (GEC) 2021 which was launched earlier this year got off...
2 min read
Sri Lankan government debt is leading gains in Asian dollar bonds this year as investors bet that the nation will...
3 min read
Telecommunications operators in Sri Lanka have been increasingly moving away from net neutrality, the principle that traffic on the Internet...
2 min read
The World Economic Forum today released Digital Assets, Distributed Ledger Technology, and the Future of Capital Markets. Across the capital markets ecosystem,...
Despite a slight decline in foreign debt, Sri Lanka's outstanding central Government debt rose to 101 percent of Gross Domestic...
1 min read
Sarath Bandara Rangamuwa has been promoted to the top spot of Sri Lanka's Pan Asia Banking Corporation PLC with effect...
2 min read
(Reuters): President Joe Biden took aim at China in his first speech to Congress on Wednesday, pledging to maintain a...
2 min read
The Asian Development Bank’s (ADB) flagship annual economic publication, the Asian Development Outlook (ADO) 2021, forecasts a significant rebound in Sri...
7 min read
By N. Sathiya Moorthy Even as Sri Lanka, like much of the rest of the world, is plagued still by...
2 min read
The Asian Development Bank (ADB) and The Nature Conservancy (TNC) today agreed to a new partnership for action on nature-positive...
4 min read
By ARTECULATE The loss of vegetation has been a growing concern to the island of Sri Lanka. Its forest coverage...
1 min read
The International Air Transport Association (IATA) expects net airline industry losses to be contained to $47.7 billion in 2021 with...
3 min read
The Belt and Road Initiative (BRI) has become an extension of the Chinese economic nervous system growing out of the...
2 min read
In order to provide flexibility for Licensed Finance Companies (LFCs) to obtain low-cost funding from foreign sources to support their...
2 min read
Themed “Sri Lanka – Asia’s Next Growth Haven”, the Sri Lanka Investment Forum (SLIF) 2021 jointly organized by the Board...
2 min read
The Central Bank (CB) issued a stark warning on Crypto investmets, streessing that citizens who purchase crypto from exchanges outside...
3 min read
Despite the heavy toll of the COVID-19 pandemic on Sri Lanka’s economy and the lives of its people, the economy...
2 min read
Malaysia, which plans to accelerate its digital transformation through the rollout of 5G, stands to gain from Ericsson, which has...
2 min read
The Central Bank of Sri Lanka (CBSL) has commenced payment of the increased compensation amount of Rs 500,000/- under the...
3 min read
Debt-distressed countries will not be saved by the IMF’s $650 billion currency boost, economist says
CNBC: The International Monetary Fund (IMF) looks set to issue $650 billion in currency aid to countries hit hard by...
1 min read
Sri Lanka's President Gotabaya Rajapaksa has assured the willingness to expand cooperation with China in infrastructure construction, tourism, and other...
1 min read
Sixty CEOs with the Federation of Indian Chambers of Commerce & Industry (FICCI) have started a new program call “SHINE...
1 min read
Ceylon Graphite Corp. announced it had opened an office in the United Kingdom (UK) to advance its strategic interests in...
3 min read
(Bloomberg) -- The International Monetary Fund is considering a plan to create as much as $650 billion in additional reserve...
1 min read
RIL Properties PLC is in discussions with a potential investor to divest its 100 percent stake in Crisis-hit FoodBuzz (Private)...
2 min read
The first lot of 10 coaches out of 160 stainless steel passenger coaches supplied by RITES Ltd. to Sri Lanka...
1 min read
The Minister of Trade Bandula Gunawardena announced that the Appointed Expert Committee will be seeking public comments on the new...
1 min read
Sri Lanka's Ambassador to China Dr. Palitha Kohona and China's Vice Minister of Foreign Affairs Luo Zhaohui agreed to recommence...
1 min read
Sri Lanka's gender discriminatory laws must be looked at both from a practical as well as a bottom-up approach, Minister...
1 min read
Port of Colombo is among ten key ocean cargo ports most at risk in terms of their exposure to natural...
3 min read
Sri Lanka's first National Financial Inclusion Strategy (NFIS), launched today, aims to make financial services more accessible, efficient, and affordable for all...
1 min read
(Reuters) - Samsung Electronics Co Ltd is considering two sites in Arizona and another one in New York in addition...
2 min read
Beijing will push forward with a plan to develop Hambantota port, China’s Foreign Minister Wang Yi said in a phone...
1 min read
Foreign Minister Shah Mahmood Qureshi has said that in a bid to enhance defence and security cooperation to end terrorism,...
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U.S. Ambassador to Sri Lanka Alaina B. Teplitz inaugurated a U.S.-funded online education platform yesterday that connects students and teachers...
3 min read
By Anthony B. Kim peaking on the 73rd Independence Day of Sri Lanka on Feb. 4, President Gotabaya Rajapaksa observed: “The foundation...
2 min read
(Reuters) - Sales of physical crude oil are gaining pace at higher prices following a rally in the futures market,...
2 min read
Bill Gross made $10m from the GameStop rally but lost a huge amount of sleep in the process, Citywire Selector reported...
1 min read
(Reuters) Marriott International Chief Executive Officer Arne Sorenson, who was undergoing treatment for pancreatic cancer, has died, the company said...
3 min read
An import ban in cash-strapped Sri Lanka is leaving a bad taste in the mouths of its curry lovers, depriving...
2 min read
India is looking to strike a hard bargain with Sri Lanka and would want a government-to-government agreement for a terminal...
1 min read
Making yet another controversial statement, Tripura Chief Minister Biplab Deb mad on Sunday announced that BJP is planning to expand...
3 min read
Sri Lanka will likely benefit from a possible bunkering demand shift from India due to pricing economics to emerge as...
2 min read
"Lack of partner country engagement" were the words used by the US embassy in Sri Lanka for withdrawing USD 480...
1 min read
The weaker sovereign credit profile could affect the banks' operating environment, which is already weak due to the coronavirus pandemic,...
1 min read
The government is confident of achieving the 5.5 percent GDP growth set for 2021 after GDP growth fell to an...
2 min read
Sri Lanka’s economy recorded its worst contraction in the second quarter before returning to the positive growth path in the...
1 min read
Sri Lanka’s gross official reserves fell by $ 306.4 million to $ 5,549.3 million at the end of November from...
2 min read
In joining rating actions followed by Fitch Ratings and Moody's, S&P Global Ratings today downgraded Sri Lanka's long-term foreign and...
4 min read
Facebook Inc could be forced to sell its prized assets WhatsApp and Instagram after the U.S. Federal Trade Commission and...
1 min read
September quarter earnings of Colombo Stock Exchange (CSE) listed entities surged by 61.1% Year-on-Year (YoY) to Rs 73.9 billion as...
2 min read
The value of global merchandise trade is projected to decline by 5.6% in 2020 compared with last year, which is...
2 min read
The annual revenues for the ride-hailing industry in Sri Lanka could increase by closing the wide gap between male and...
1 min read
South Korea's SK Group expressed a renewed interest to build a $600 million LNG project in Sri Lanka on Build-Owned-Operate-Transfer...
1 min read
Sri Lanka's banking sector is expected to face a higher number of Non-Performing Loans (NPLs) in the fourth quarter compared...
2 min read
Sri Lanka has become the first country to go live with an electronic permit system developed by UNCTAD and the Convention in...
1 min read
The Central Bank (CB) remains uncertain on the impact of the second wave of COVID19 that has hampered the revival...
2 min read
Top Businessman and Media tycoon, Dilith Jayaweera has been appointed as the private sector representatives to the Public Services Commission...
4 min read
Huawei Y7a is the latest mid-range smartphone in the popular Y series with top of the line flagship specifications. It...
2 min read
As we continue to witness the rise of luxury residences and apartments, modern living has become a familiar concept highlighting...
2 min read
The second phase of the Kelani River Bank (KRB2) Water Treatment Plant (WTP) was inaugurated recently by the Prime Minister,...
2 min read
HUTCH, Sri Lanka’s preferred choice for mobile broadband services has unveiled the newest version of the popular HUTCH Self Care...
2 min read
The strong partnership between Singer Sri Lanka and ASUS has resulted in the advent of 11th generation laptops for the...
1 min read
Sri Lanka's mobile and fixed broadband speeds sharply declined in October as the country's telcos struggle to cater to a...
4 min read
Thailand, which leads ASEAN in 5G rollout, is eyeing the pole position in the race for ASEAN digital hub with...
1 min read
The government plans to borrow $1.4 billion from the Japan International Cooperation Agency (JICA), World Bank (WB)and Asian Development Bank...
1 min read
Sri Lanka targets 6 percent economic growth while containing budget deficit at 4 percent by 2025, the Prime Minister and...
2 min read
Ocean Lanka Pvt Ltd, Sri Lanka’s largest weft knitted fabric manufacturer, announced that it has entered into a partnership with...
3 min read
Wins first place in recognition of its high standards in delivery ABS Courier – established in 2006 as the courier...
3 min read
Sri Lanka’s INIVOS and UK’s Muzulu in milestone partnership to offer full-scope Enterprise solutions
INIVOS Consulting, the fully fledged Sri Lankan Enterprise Resource Planning (ERP) solutions provider announced its partnership with Muzulu, the UK...
4 min read
Huawei, the global smartphone brand recently launched Y7a – a mid-range smartphone with one of the largest screens that would...
5 min read
V20SE Features 32 MP Super Night Selfie Technology, Magical Sleek Design, and Power-Packed Performance Available for Sale in Sri Lanka,...
7 min read
Despite the current uncertainties we have managed to successfully complete the fourth iteration of KICKASS Bootcamp, empowering a whole new...
2 min read
The Cabinet of Ministers recently approved the proposal to re-establish the Spices and Allied Products Marketing Board which had been...
3 min read
At the 2020 Global Mobile Broadband Forum (MBBF), Huawei's Executive Director and President of the Carrier Business Group Ryan Ding...
1 min read
The USD denominated Sri Lanka Development Bonds (SLDB) went undersubscribed at an auction closed today with only $24.82 million worth...
1 min read
Sri Lankan shares ended nearly flat on Wednesday, as losses in consumer discretionary stocks offset gains in communication services and...
1 min read
“New Procedure” in place to curb Irregular Migration of Sri Lankan Female Domestic Workers into Oman
Embassy of Sri Lanka in the Sultanate of Oman has introduced a new procedure in coordination with the Sri Lanka...
5 min read
Pfizer Inc. said Monday that its COVID-19 vaccine may be a remarkable 90% effective, based on early and incomplete test...
2 min read
Asian Development Bank (ADB) Vice-President Bambang Susantono today launched the foundation of a new regional knowledge platform to guide sustainable...
3 min read
Working towards healthier food production and sustainable waste management Pelwatte Dairy Industries, the industry leader in local dairy produce has...
3 min read
vivo, a leading global smartphone company celebrates its 3rd anniversary today, marking an achievement in technological innovation with smart features...
3 min read
The Swadeshi Industrial Works PLC launched a novel hygiene awareness campaign for Sri Lanka’s primary school children to coincide with...
2 min read
Sri Lanka’s Gross domestic product (GDP) is projected to decline in the rage of 7.9% to 17.8% in the fourth...
2 min read
Sri Lanka’s preferred choice for mobile broadband services, HUTCH has appointed popular social media influencer and a movie star Gayathri...
3 min read
Huawei Nova 7 SE is the latest 5G smartphone to arrive in Sri Lanka featuring top of the line specifications...
2 min read
Huawei launched HUAWEI CLOUD Meeting, its full-scenario, secure and reliable global video conferencing solution in Asia Pacific on Monday. The...
1 min read
Sri Lanka's gross foreign official reserves has declined to $ 5.85 billion by end of October from $6.7 billion by...
2 min read
The surge in risk appetite among investors after this week’s U.S. Presidential election is likely to trigger an end-of-year borrowing...
2 min read
In reflecting a contracted growth of Sri Lanka’s insurance industry, the industry’s total premium declined by 2.79% in the first...
3 min read
U.S. stock index futures rose in volatile trading on Wednesday as the race for the White House went down to...
1 min read
The Colombo Stock Exchnage sees a 63% growth in Central depository System (CDS) account openings since the digitalization of the...
2 min read
The United States Agency for International Development (USAID) and top of U.S. retail, apparel, and footwear companies agreed to work...
1 min read
The Colombo Port is facing berthing delays, sailing delays and inter-terminal transportation (ITT) delays due to labour shortages at South...
2 min read
KT Corp., South Korea’s largest telecommunications service provider announced it has entered into a memorandum of understanding (MOU) with a...
2 min read
The latest draft version of Long-Term Generation Expansion Plan of the Ceylon Electricity Board (CEB) which prioritize on expensive coal-...
3 min read
With an aim to become a top player in data industry, a global digital consultancy s based out of Lanka,...
1 min read
The Commercial Documents Registration Division (CDRD) of the Ceylon Chamber of Commerce with the purpose of providing an uninterrupted service...
2 min read
Sri Lanka along with Iraq and Angola to remain at high probability of default driving the increase in Sovereign default...
Singer Sri Lanka PLC, country’s premier consumer durables retailer has partnered with Trident Corporation, a leading distributor of IT hardware,...
2 min read
The United States (U.S.) Secretary of State, Michael R. Pompeo arrived in Colombo, Sri Lanka yesterday for a two-day visit...
1 min read
The cabinet of Minister has approved a proposal to expand the capacity at China Merchant owned Colombo International Container Terminal...
1 min read
Sri Lanka’s tea exports fell to fifth spot in United States (US) market with India replacing Sri Lanka to become...
3 min read
Reiterates commitment and local dairy industry development The Industry Leading Dairy milk producer and processor, Pelwatte Dairy Industries Limited continues...
1 min read
Oman’s state airline, Oman Air resumed its international flights to three destinations incluing Sri Lanka with effect from yesterday, the...
3 min read
Strengthened 5G Telco Cloud Portfolio with Cloud Native Support enables businesses to better harness emerging technologies in Sri Lanka’s cloud...
2 min read
Win a gold necklace and many more exciting gifts every week! The Swadeshi Industrial Works PLC has launched yet another...
2 min read
Huawei recently announced its business results for the first three quarters of 2020. During this period, Huawei generated CNYv671.3 billion...
2 min read
The unexpected COVID-19 cluster could hurt Sri Lanka’s economic recovery in near term – Central Bank
The Central Bank (CB) warns that the recently emerged COVID-19 cluster and mini clusters could hurt the country’s economic recovery...
2 min read
The 2019-2020 Huawei Asia Pacific ICT Competition, under the theme of "Connection, Glory, Future," successfully concluded on Wednesday. Institut Teknologi...
4 min read
The COVID-19 pandemic is still raging on, threatening businesses as well as economies as it has brought unprecedented challenges that...
3 min read
Ideal Motors Pvt Ltd and its subsidiary Ideal First Choice Pvt Ltd (part of the Ideal Group of Companies) have...
2 min read
Sri Lanka marginally improves in the Network Readiness Index (NRI) 2020 by Washington DC-based think, Portulans Institute retaining the 83rd...
1 min read
The Cabinet of the Ministers granted approval to the Urban Development Authority (UDA) to acquire 44 land state and private...
4 min read
By Krishan Thilakarathne Financial Inclusion is essential for continuous and sustainable economic development, according to IFC. This is no exception...
3 min read
Enriching lives with technology Huawei Consumer Business Group (BG) recently published its Sustainability Progress Report. The report highlights the company’s...
2 min read
HUTCH, Sri Lanka’s preferred choice for mobile broadband services recently rewarded the winners of HUTCH Danumai Miliyanayai in a grand...
2 min read
Sri Lanka’s Department of Census and Statistics (DCS) decided to delay publishing second quarter GDP estimates until Dec 15 seeking...
4 min read
the UN Broadband Commission and Huawei held the sixth Ultra-Broadband Forum (UBBF 2020) online in Beijing. With the theme of...
4 min read
Huawei, the global smartphone brand has ensured that its devices meet the benchmarks needed to provide a seamless Work From...
5 min read
Focus on intrinsic security enables organizations to build future-ready businesses to thrive in the age of the distributed workforceCutting edge...
2 min read
The inaugural Sri Lanka Army Commander’s T20 League tournament concluded on the 17th October 2020 at the SLAOC Grounds, Dombagoda...
2 min read
Sri Lanka’s Ideal Group expects better prospects for the country in coming years from the recently formed strategic alliance between...
2 min read
Norway expects that enhancing trade and commercial co-operation to emerge as prime areas of interaction between Norway and Sri Lanka...
3 min read
At HUAWEI CONNECT 2020, Huawei officially released its Autonomous Driving Network (ADN) solution for the enterprise market. This future-proof solution...
3 min read
“DIMO Agribusinesses”, the agriculture arm of DIMO, has selected its Agri Techno Park located in Dambulla (mid-country) to embark on...
1 min read
Sri Lanka is ranked as the second-best country to travel in 2020 by the readers of popular United States (US)...
1 min read
The Colombo Stock Exchange (CSE) yesterday recorded its highest market turnover in nine months crossing Rs 5 billion mark mainly...
3 min read
The current women’s economic empowerment interventions around the world have proven that there are many obstacles faced by female entrepreneurs....
2 min read
Sri Lanka’s big three oil palm growers which includes Watawala, Namunukula and Elpitiya plantations will make most gains from the...
3 min read
The major shareholders of the Altair project have filed legal action in the District Court of Colombo against PricewaterhouseCoopers Lanka...
3 min read
Agromax, a leading water-pumping solutions provider joined forces with Abans, a premier consumer durables retailer to fulfill the water requirements...
Sri Lanka’s coronavirus battered economy is forecasted to contract by 6.7 percent thus year mostly driven by a significant contraction...
3 min read
Highly configurable, integrated and fully branded omnichannel hub lets customers book services and get accurate information online, through social or...
2 min read
Huawei, the innovative global smartphone brand recently unveiled the Huawei Nova 7 SE thus adding its newest design to the...
1 min read
The panic-stricken local investors today dragged the shares of the Colombo Stock Exchange (CSE) down for the second consecutive session...
2 min read
Singer (Sri Lanka) PLC, the country’s premier consumer durables retailer has been honored with first ever Sri Lanka’s Retail Brand...
Sri Lanka officially launched LANKAQR code-based payment backed by a dedicated island wide promotional campaign with participation of the banking sector,...
4 min read
Aparajitha Corporate Services Private Limited, India’s no.1 company for Compliance, today announced the introduction of its Global E-Governance and Compliance...
2 min read
Technomedics, Sri Lanka’s leading medical equipment and turnkey solutions provider which partners with many Fortune 500 companies, is pleased to...
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HatchX, Sri Lanka’s first fintech startup accelerator programme, recently concluded its demo day with its first cohort of 7 promising...
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HUTCH, Sri Lanka’s preferred choice for mobile broadband services has partnered with the leading telemedicine service provider oDocbringing24/7 online video...
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Huawei FreeBuds 3i is the latest addition to Huawei’s FreeBuds 3 series. The Huawei FreeBuds 3i unleashes the power of...
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Sri Lanka’s Hutchison Telecommunications (Hutch) among the world’s top 30 “most improved” mobile operators in terms of Upload Speed Experience...
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Axiata Digital Labs announced today that they have signed a partnership with the local chapter of the UK based Chartered...
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Reframe your fitness, health and style with the latest smart sports watch from Huawei Huawei recently announced the launch of...
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SLIM NASCO Awards 2020, Sri Lanka’s premier national sales awards ceremony held in recognition of the outstanding performances of sales...
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The Big Bad Wolf Online Book Sale Sri Lanka 2020 has been brought forward creating excitement among its Wolf pack...
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ICT can bring new value and approaches to digital inclusion At HUAWEI CONNECT 2020, which kicked off Recently, Kevin Zhang,...
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World’s Biggest Book Sale goes online from 1st-4th October 2020 Its official, the World’s Biggest Book Sale is back in...
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Axiata Digital Labs announced recently that they have entered into a partnership with the Computer Society of Sri Lanka (CSSL)...
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IMAGE CAPTIONS:Image 1 – Accepting the Gold award for the ‘Best Corporate Website in Sri Lanka’ by Dineth Silva, Manager...
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Huawei Developer Conference 2020 (Together) was held today at Songshan Lake. In the keynote speech, Huawei announced major upcoming updates...
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Pelwatte Dairy transforms the shopping experience with value-for-money dairy deals Pelwatte Dairy Industries – Sri Lanka’s renowned dairy producer –...
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Huawei, the leading global technology solutions provider, recently hosted the “Huawei Golf Tournament 2020” in Sri Lanka, ushering a monumental...
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Ocean Lanka Pvt Ltd, Sri Lanka’s largest weft knitted fabric manufacturer, recognised and rewarded a large cohort of long-serving employees...
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The Huawei 5G Microwave Asia-Pacific Conference was held online recently, bringing together more than 130 guests to share insights into...
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As the world integrates the ‘New Normal’ in the ecosystem, Sri Lanka’s digital framework is pacing with fresh energy and...
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, Book lovers across Sri Lanka, it’s time to get ready for the Big Bad Wolf Book Sale. The Sale...
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Huawei P40 Pro is the latest addition to Huawei’s array of smartphones unveiled in 2020. Categorically a flagship device, P40...
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Singer, Sri Lanka’s premier consumer durables retailer, has partnered with Signature Group, Malaysia’s largest Kitchen Cabinet and Wardrobe manufacturer. With...
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Huawei, the innovative smartphone manufacturer has introduced an all-new Postal Repair Service in a bid to support the Huawei device...
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Since its inception, Ocean Lanka has established itself as Sri Lanka’s largest weft knitted fabric manufacturer, overseeing all four phases...
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World’s leading ICT provider, Huawei co-sponsors Information & Communication Technology Agency of Sri Lanka (ICTA) for e-Swabhimani 2020 - Digital...
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Pelwatte Dairy, the renowned dairy producer of Sri Lanka has been commended by the bakery and culinary industry experts who...
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Ideal Motors, a fully owned subsidiary of the Ideal Group and the authorized distributor for Mahindra motor vehicles, motor cycles...
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How good is betting on a South Asian startup incubator dojo aimed at would-be-entrepreneur females with only a burning passion...
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Huawei Consumer Business Group (CBG) recently received two awards from the European Image and Sound Association (EISA), a group comprising...
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The Singer Fashion Academy, being in operation for over 60 years, has called for new enrollments to its Certificate in...
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By Sanjeewa Bandaranayake Non-Banking Financial Institutions (NBFI) sector has evolved over the past years to be a stronger force in...
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Sri Lanka Unites is the honored custodian of this comprehensive compilation of Ambassador Jayantha Dhanapala’s work December 15, 2019 saw...
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G M A de Silva, one of the most trusted jewellers for the consumers in Southern Sri Lanka, will be...
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The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 19 August 2020, decided to...
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The Central Bank of Sri Lanka (CBSL) has revised the regulated interest rates for Credit Cards, Pre-arranged Temporary Overdrafts, Pawning...
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Sri Lanka is expecting a contraction of gross domestic product (GDP) in the second quarter of 2020 and a rebound...
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Sri Lanka’s technological transformation is at the forefront of His Excellency President Gotabaya Rajapaksa’s vision for the country. To strengthen...
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With the appointment of the new cabinet of ministers bringing about, a re-start to Sri Lanka’s economic activities, the Colombo...
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Delivering the Policy Statement of the new government at the ceremonial sitting of the Parliament today (20), President Gotabaya Rajapaksa...
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Huawei, the innovative smartphone manufacturer recently launched the feature packed Huawei P40 Pro in Sri Lanka taking the smartphone photography...
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Perfect fit coming in with exciting colorway Huawei, the innovative smartphone manufacturer, recently introduced the Skyline Grey edition of Huawei...
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Huawei, the innovative smartphone manufacturer, recently launched the Huawei Y6p in Sri Lanka featuring an innovative triple camera set up...
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Increases PAT by 29% and retains industry-best NPLs‘A’ Stable rating reaffirmed by ICRARated amongst Top 50 Brands for 2019/20 by...
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VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software, today announced the appointment of Devendra Manuvel to the company’s...
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By Roshan Abeygoonewardena The Finance Houses Association of Sri Lanka (FHA), as the apex body of 39 Regulated Finance Companies...
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BID2WIN bidding competition organized by zMessenger in collaboration with HUTCH was concluded recently with an awards ceremony that rewarded the...
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The new government has for the first time in 40 years taken the subject of women’s and children’s affairs outside...
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The COVID-19 pandemic has revealed a great deal of vulnerabilities in our world and our way of life that we...
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Havelock City mixed-use development marked the completion up to the roof slab of its highly anticipated 50 storey office tower...
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IFS, the global enterprise applications company was duly recognized as a leader in the Gartner Magic Quadrant for Field Service...
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SIEMENS - DIMO consortium recently signed agreement with the Ceylon Electricity Board (CEB) to embark on the Medium Voltage distribution...
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Hutch, Sri Lanka’s preferred choice for mobile broadband services, has unveiled Unlimited Social Media plans including Facebook, Messenger and WhatsApp...
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The tech company reveals its long-term plan to bridge the ICT talent gap and calls for a cross-sector collaboration at...
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The Ceylon Motor Traders Association (CMTA), the only trade association in Sri Lanka that represents automotive manufacturers through their local...
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Pioneer Sri Lankan owned entity to produce specialist bituminous products in the post independent era, Colombo Stock Exchange listed Industrial...
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Huawei announced recently the release of a global digital economy policy study titled “Think digital. Think archetype. Your digital economy...
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The Sri Lanka Association for Software Services Companies (SLASSCOM), which is the national chamber for the IT/BPM industry in Sri...
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Axiata Digital Labs (ADL) is pleased to announce the addition of Sanharsha Jayatissa, Fawaz Ashraff and Niresh Samaranayake to their...
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Enterprise Analytics, a leading provider of pioneering technology-based business solutions, recently partnered with Acumatica (www.acumatica.com), a leading Cloud ERP platform,...
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Mahindra Finance, India’s leading Non-Banking Finance Company together with Ideal Finance Ltd, the finance arm of the Ideal Group, recently...
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FASTFIX, one of Sri Lanka’s first apps to facilitate easy home repairs from plumbing to electrical is launched today in...
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As part of its efforts to deliver a better experience to its customers, HUTCH, Sri Lanka’s fastest growing mobile broadband...
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Unique student offers to assist the new Learn From Home model in Sri LankaIntroduces Dell Inspiron 15 5593 laptop and...
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Looks like it’s time for Sri Lanka to howl along with their favourite Wolf. That’s right, – the Wolf will...
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, IFS, the global enterprise applications company, announces that IFAD Autos Limited, a leading automobile distributor in Bangladesh with strong...
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Wins 2 Gold, 1 Silver and 2 Bronze awards Newton Lanka, an extension of Newton TAC Malaysia proudly bagged five...
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Sri Lanka Institute of Marketing (SLIM), the national body for marketing in Sri Lanka announced the SLIM DIGIS 2020, the...
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Stop Child Cruelty Trust (www.stopchildcruelty.com), an organization committed to ending cruelty to children has launched the #JUSTSAYNO National campaign of...
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Reassuring its commitment towards providing the Best Customer Experience, DIMO recently implemented several projects to elevate the customer experience by...
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The Finance Houses Association of Sri Lanka (FHA) announced that it will continue to empower the nation with ethical finance...
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Helakuru, Sri Lanka’s number one keyboard and digital services app powered by Bhasha Lanka (Pvt) Ltd is now featured in...
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Applications close on 31st July Information and Communication Technology Agency of Sri Lanka (ICTA) the premier government institution driving...
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Calls for positive reforms strengthening legal enforcement and industry cooperation The Finance Houses Association of Sri Lanka (FHA) announced that...
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the benefit of using a face shield as personal protective gears As Sri Lanka restarted the normal work culture, post...
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Offering an uninterrupted smartphone experience Huawei, the innovative smartphone manufacturer, recently unveiled the all-new Huawei Y6p featuring a 5000mAh long-lasting...
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With the completion of its bigger and better island wide 4G network in February this year, HUTCH is on course...
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Huawei announced its business results for the first half of 2020 today. The company generated over US $ 64.2 billion...
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By Vidura Prabhath Huawei, the innovative smartphone manufacturer, recently marked its footprint in the laptop arena with the launch of...
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With its aim to assist in the process of reviving the country’s economy, the Agri Machinery Division of DIMO together...
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People around the world cherish US manufactured SUV’s and Pick-up trucks for their premium look and features coupled with the...
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IFS, the global enterprise applications company, was recently recognized in the top five Export Corporate Brands for IT Services in...
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Axiata Digital Labs (ADL) today announced its participation in TM Forum’s renowned collaborative proof-of-concept Catalyst program focused on co-creating innovative...
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Setting a new benchmark for entry-level smartphones, Huawei, the innovative smartphone manufacturer, recently launched Huawei Y6p featuring 4GB RAM +...
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Newton Lanka, an extension of Newton TAC Malaysia recently provided Safe Shoppers tool kit for Domino’s in a bid to...
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Huawei’s Deputy Chairman Ken Hu outlined its vision and action plan for education under its digital inclusion initiative TECH4ALL at...
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Ultra large 5000mAH battery with 8GB + 128GB of RAM & ROM The innovative smartphone manufacturer, vivo Mobile is set...
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Global leading ICT infrastructure provider Huawei has ranked No. 6 in BCG’s recent released list of the 50 Most Innovative...
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Underpinned by an unrelenting drive for innovation, Huawei makes the top 50 for the fifth consecutive year Huawei is steadfast...
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New search tool powered by the Petal Search engine has been created in partnership with global search engine leaders to...
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Offering sophisticated jewelry solutions to meet international standards Ark Gems Ceylon, a unique handcrafted jewelry store was launched in Sri...
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By Vidura Prabhath Huawei, the innovative smartphone manufacturer, will be rolling out the all-new Huawei Y6p in Sri Lanka this...
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Hutch Telecommunications, Sri Lanka’s preferred choice for mobile broadband services has enhanced its popular cliQ app enabling all its 078...
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Ocean Lanka (Pvt.) Ltd., Sri Lanka’s largest weft knitted fabric manufacturer donated Rs. 1 million to the ‘Itukama’ COVID-19 Healthcare...
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President Gotabaya Rajapaksa instructed the officials of the State Development and Construction Corporation to pay attention to the construction of...
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Comprehensive measures taken by the Ministry of Foreign Relations, in close coordination with the key Government Economic Agencies and the...
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The Finance Houses Association of Sri Lanka (FHA) in its capacity as the apex association of 41 Registered licensed Finance...
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SLPP National List MP and Convenor of Yuthukama civil society group Gevindu Cumaratunga yesterday (10) appreciated National Freedom Front (NFF)...
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The United Nations Children’s Fund (UNICEF) supported the Ministry of Health and Indigenous Medical Services (MOH) in refurbishing COVID-19 isolation...
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The Presidential Task Force (PTF) on Archaeological Heritage Management in the Eastern Province has been tasked with conserving all archaeological...
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Huawei, the innovative smartphone manufacturer, launched ‘’Huawei Service Mid-year Fiesta’’ to be held from 1st June till 31st July 2020....
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According to the latest external trade data released by the Central Bank, country’s trade deficit had narrowed in March 2020...
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Sri Lanka’s tourism industry was severely affected from March 2020 by the COVID-19 pandemic. With the termination of all passenger...
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The Securities and Exchange Commission of Sri Lanka (SEC) has approved amendments to the Stockbroker Rules, Central Depository Systems (CDS)...
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Huawei the leading global ICT solutions provider, has further extended the support to Sri Lanka’s fight against COVID-19 pandemic via...
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The proportion of electricity generated from hydropower declined significantly since the beginning of this year, dropping from 69.2% in January...
