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Russia-Ukraine Conflict: Economic Implications for Sri Lanka

By Asanka Wijesinghe: The Russian invasion of Ukraine deepens the existing global economic woes - persistent supply chain bottlenecks and associated …

Norlanka unveils solar energy project at Trincomalee plant

Norlanka, one of Sri Lanka’s largest sustainable exporters of baby and kidswear, has reached its latest milestone in its journey towards achieving …

SriLankan Airlines adorns aircraft livery with ‘Raid Amazones 2022’ insignia

SriLankan Airlines adorns one of its aircraft with customized livery to reaffirm its status as the official airline of the much-awaited ‘Raid …

Sri Lanka needs price formula to avert future energy crisis

Regional fuel prices are significantly higher than Sri Lanka Sri Lanka pitches into darkness and its people form lines at fuel stations due to the …

Nations Trust Bank records strong performance in 2021 amidst volatile conditions

The Group achieved a record Profit Before Tax of LKR 10.4 billion, for the twelve months ended 31st December 2021 – a growth of 38% …

Ceylon Chamber launches outlook 2022 report; ‘Road to recovery: Overcoming challenges’

The Ceylon Chamber of Commerce (CCC) recently launched the 7th edition of its flagship annual Outlook Report for 2022 at the Economic Outlook 2022 …

Sri Lanka’s exports increased by 13-pct in January 2022

Sri Lanka’s merchandise exports increased by 13% to US$ 1,062.63 Million in January 2022 compared to January 2021 as per the data released by the …

Sri Lanka’s inaugural Protected Geographical Indication for Ceylon Cinnamon

When was it received? Ceylon Cinnamon was added in the register of protected designations of origin and Protected Geographical Indications (PGI) on …

Ookla recognises SLT-MOBITEL Mobile as Fastest Mobile Network

Reiterating its excellence in providing unparalleled connectivity and superior user experience, SLT-MOBITEL Mobile was once again recognized as the …

Fitch Affirms Sri Lanka’s Dialog Axiata at ‘AAA(lka)’/Stable

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

Lanwa Sanstha slated to open in March; to ease local cement shortage, boost construction

Lanwa Sanstha Cement Corporation (Pvt) Ltd, a state-of-the-art cement manufacturing facility that is expected to be one of the region's largest, is …

Opinion: Role of divestments in overcoming present economic challenges

By Imesha Dissanayake The Government of Sri Lanka (GoSL) has very ambitious plans for the country’s economic transformation including an economic …

All volumes including witness records of Easter attack hands over to Parliament

All the volumes, including the final report of the Presidential Commission of Inquiry (PCoI) into the Easter Sunday attacks and related witness …

Pan Asia Bank records post tax profit of Rs.3Bn for the year 2021, up by 50-pct; 4Q profits cross Rs.1Bn for first time

Pan Asia Banking Corporation PLC reported a remarkable performance for the year 2021 to report a Pre-Tax Profit of Rs. 4,034 million and a Post-Tax …

Resus Energy connects 8th mini-hydropower station to national grid : capacity 2.4MW

Resus Energy PLC, a forerunner in renewable energy, operating a number of small hydropower and ground mounted solar PV stations in Sri Lanka, …

Time for home-grown solutions is over; Seek international support immediately: Harsha

The country is in complete disarray today. Fuel is rationed at pumps, daily power cuts across the island, shortage of dollars to import essentials …

HNB Group profit after tax increased to Rs.20Bn, up 47-pct YoY

Hatton National Bank PLC (HNB) solidified its position as one of the most sustainable and strongest banks recording a well-rounded performance in …

Re-exportation of final 45 containers of waste material

Under the BASEL Convention, it is a direct violation to import waste between two countries, and as a result, under the initiative of the Central …

European Union, UNDP & UNICEF join hands to launch Justice Reform Programme in Sri Lanka

The Ministry of Justice (MoJ) with funding from the European Union, along with the United Nations Development Programme (UNDP) and the United Nations …