Expolanka achieves record 1st half FY 2021/22 performance
Announcing its financial results for the 2nd quarter of the financial year, Expolanka Holdings PLC once again reported exceptional results driven by …
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Sri Lanka’s headline inflation increased to 7.6-pct in October
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index, increased to 7.6 percent in October 2021 from …
Sri Lanka’s latest venture into cement manufacturing connects with Hambantota Port
An agreement was signed between Hambantota International Port Group (HIPG) and Lanwa Sanstha Cement Corporation Pvt. Ltd. to establish a conveyor …
China National Vehicles Import & Export Co. Ltd, to invest in Vehicle Plant in Sri Lanka
The Vice President of China National Machinery Import and Export Corp, Wu Yi, called on the Ambassador of Sri Lanka to China Dr. Palitha Kohona, 26 …
CBSL issues new rules on export proceeds conversion; applicable for both goods & services
The Monetary Board of the Central Bank has issued new rules, in respect of repatriation of export proceeds into Sri Lanka and conversion of such …
Sri Lanka’s vaccine certificates now recognised on entry to the UK
From Monday 1 November, eligible travellers from Sri Lanka with appropriate proof of vaccination will qualify under the fully vaccinated rules for …
Chinese embassy blacklists People’s Bank; legal orders delay LC payment, says bank
The Economic and Commercial Counselor of the Embassy of the People’s Republic of China in Sri Lanka has blacklisted the People’s Bank for not …
CA Sri Lanka launches virtual career guidance sessions to reconnect with students
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently launched a virtual career guidance session aimed at reconnecting with …
Moody’s downgrades Sri Lanka’s rating to Caa2; CBSL questions timing & subjectivity
Moody's Investors Service ("Moody's") has downgraded the Government of Sri Lanka's long-term foreign currency issuer and senior unsecured debt …
Intl Arbitration Centre to be developed as Intl Commercial Dispute Resolution Centre for Port City
A Memorandum of Understanding between the Ministry of Justice and the Colombo Port City Economic Commission was signed on Wednesday at the Ministry …
Virtusa introduces new senior leaders
Virtusa Corporation, a global provider of digital strategy, digital engineering and IT services and solutions that help clients change and disrupt …
Lack of openness in govt agencies a concern for assessing budget promises: Verité Research
Independent research institute and think tank in Sri Lanka, Verité Research highlights that the level of openness of government agencies is a major …
Trillium Hotels and VIP Residencies unveils luxury retirement complex
Trillium, one of Sri Lanka’s most sought after real estate developers which aims to deliver comfort and elegance while merging the value of an …
Colombo YMBA launches English education program for young Buddhist monks
The Colombo YMBA , established in 1898,which is the oldest and largest Buddhist association in existence, gladly announces the launching of an …
For 1USD pledged to tackle climate crisis for world’s poor, 4USD spent on fossil fuel subsidies: Report
The world spends an astounding US$423 billion annually to subsidize fossil fuels for consumers – oil, electricity that is generated by the burning …
SL understands importance of maintaining balance between environment and human needs : President
President Gotabaya Rajapaksa has said that Sri Lanka, with its rich philosophical heritage shaped by the teachings of the Buddha, fully understands …
Sri Lanka completes vaccination for over 60-pct of population
The Deputy Director General of Health Services, Dr. Hemantha Herath says that over 60% of the total population in Sri Lanka has been fully vaccinated …
Tokyo Cement Company ramps up supply to address cement shortage
In a statement, Dr. Harsha Cabral PC, Chairman of Tokyo Cement Company (Lanka) PLC announces that the Company has taken several immediate measures to …
Interview: Darshi Keerthisena on Sri Lanka’s Batik craft and its future
Batik is one of Sri Lanka’s most loved and versatile heritage crafts and Darshi Keerthisena has used her artistic tool kit and shaped it into a …
Lanka Credit and Business Finance Limited IPO oversubscribed
Lanka Credit and Business Finance Limited (LCBF) initial public offering (IPO) for a total issue of 125,000,000 ordinary voting shares at an issue …
Sri Lanka’s Central Bank reveals progress of securing foreign exchange inflows
The Central Bank on Tuesday revealed the progress of securing foreign exchange inflows and highlighted a series of direct engagements that the Sri …
IPS Policy Insights: COVID-19, Global Economy & Sri Lanka’s External Sector Outlook
Global economic developments have impacted Sri Lanka’s external sector performance, and the economy overall. While Sri Lanka managed the first wave …
SL welcomes French FDI in development project tourism and hospitality sectors
State Minister of Regional Cooperation Tharaka Balasuriya, Chairman BOI Sanjaya Mohottala, had several high-level discussions in Paris, France from …
MTI unveils National ICT Eco-System Framework
Given the criticality of ICT (Information & Communication Technology) to a Nation’s Economic Development, MTI has unveiled a National ICT …