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Russian top billionaire Andrey Melnichenko visits Port City Colombo

Prominent Russian business tycoon Andrey Melnichenko visited Port City Colombo today. He was accompanied by Sri Lankan-born British Politician and …

Better childcare opens job opportunities for Sri Lankan women

By Sangeeta Dey , Senior Education Specialist, World Bank & Shobhana Sosale , Senior Education Specialist , World Bank Despite robust growth and …

Kingslake to support GRI’s next phase of growth: Increase rubber exports

Global Rubber Industries (Pvt) Ltd. has partnered with Kingslake, Sri Lanka’s manufacturing solutions experts, to lay the foundation for its next …

Soft opening of common areas of ALTAIR apartments

ALTAIR, the internationally acclaimed architectural icon, is on the cusp of completion. This breathtaking edifice which has transformed the …

Beyond Turmeric: How Import Controls are Impacting Sri Lanka’s Economy

By Dr. Asanka Wijesinghe: Raw turmeric roots on the shelves of roadside vendors is a frequent sight nowadays. Thanks to the import controls, turmeric …

Cabinet approval to obtain a goods transportation aircraft for Sri Lankan on lease

Cabinet of Ministers has granted approval to a proposal forwarded by the Tourism Minister for obtaining an aircraft for goods transportation on a …

Fitch affirms Sri Lanka’s Dialog Axiata at AAA(lka); outlook stable

Fitch Ratings has affirmed the National Long-Term Rating on Sri Lanka-based telecoms company Dialog Axiata PLC at 'AAA(lka)'. The Outlook is Stable. …

Finance Minister proposes to appoint mediator for property auctions of banks

Prime Minister and Minister of Finance, Mahinda Rajapaksa emphasizes the need to appoint an authorized person to look into …

Concessionary leasing scheme for passenger transport sector

Considering the difficulties and constraints faced by businesses and individuals engaged in passenger transportation services, the Central Bank has …

Web development trends that will dominate in 2021.

As consumer demands change with the times, the digital pathways we embark on also evolve to accommodate these shifting needs. Web development has …

Ceylon Chamber of Commerce signs MOU with McLarens Maritime Academy

The Ceylon Chamber of Commerce and the McLarens Maritime Academy recently entered in to a Memoranda of Understanding where CCC appointed surveyors …

UN launches new campaign, Only Together, to support global vaccine equity call

The United Nations today launched a new global campaign, Only Together to support its call for fair and equitable access to COVID-19 …

Fitch assigns Seylan Bank’s Basel III Sub Debt a BBB+(lka) final rating

Fitch Ratings has assigned Seylan Bank PLC's (A(lka)/Stable) proposed Basel III-compliant subordinated unsecured debentures a National Long-Term …

Facebook launches Instagram Lite in Sri Lanka

Facebook has launched Instagram Lite in Sri Lanka in order to provide access to all users, irrespective of the device, platform and network they are …

Sri Lanka’s official reserves down to USD 4.5bn by end Feb; YTD rupee depreciation 5.2-pct

Sri Lanka’s official reserves were 4.5 billion US dollars (USD 4,555.7mn) by the end of February, down from 4.8 billion US dollars in January, the …

IMF response to securing SWAP facility of USD 1.5Bn China surprising: Cabraal

State Minister of Finance, Capital Markets, and State Enterprise Reforms Ajith Nivard Cabral says the International Monetary Fund …

Asia Securities reiterates view of no sovereign default; swap conclusion a confidence booster

In a report issued today, the research arm of leading independent Investment Banking firm Asia Securities, reiterated that it does not see a risk of …