European Union gives Rs.60Mn in grants to support small tourism businesses
The Delegation of the European Union in Sri Lanka (EU) and the Sri Lanka Tourism Development Authority (SLTDA) awarded the first three grants - worth 1 …
Companies
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Xebiro developing European tech in London, Colombo, and Jaffna
By Jekhan Aruliah COVID-19 lockdowns and remote working The COVID-19 pandemic, which had a devastating impact on health and on economies, is having a …
MAS Holdings’ calls for immediate and decisive action to resolve the current crisis
MAS Holdings, one of Sri Lanka's largest private sector employers and exporters reiterates the need for immediate and decisive action to resolve the current …
Bangladesh and Sri Lanka explore new investments and Blue economy potential
High Commissioner Professor Sudharshan Seneviratne drew home the importance of the tremendous potential both countries hold to work jointly towards a …
Manufacturing PMI increased month-on-month basis at slower rate
Following the seasonal pattern in manufacturing activities, the manufacturing PMI increased on a month-on-month basis to an index value of 57.8, yet at a …
How is an economic crisis affecting people?
People across Sri Lanka are struggling to get hold of daily essentials as the country faces its worst economic crisis in decades. Sri Lanka is mired in public …
JAAF demands immediate solutions, end to Government’s procrastination
In a recent statement, the apparel industry has urged all stakeholders to put aside differences and work together to resolve the current crisis, which has …
Bangladesh corporate sector ready to expand economic cooperation with Sri Lanka
Sri Lanka High Commissioner to Bangladesh said that profound historical and cultural relations have lasted between Sri Lanka and Bangladesh and it is time to …
SLIBTEC, USAID to establish SL’s first ‘Biotechnology Innovation Park’
The Sri Lanka Institute of Biotechnology (SLIBTEC) will collaborate with the U. S. Government’s development arm, the U. S. Agency for International …
LAN channels Rs.150Mn into tech startups: Currently evaluating 5-10 startups
Sri Lanka’s first Angel Fund has, to date, channelled investments up to Rs. 150 Million cumulatively into four home-grown startups - Niftron, Magicbit, …
US Under Sec for Political Affairs promises assistance to develop cyber & information technology sectors
The Under Secretary of State for Political Affairs Victoria Nuland called on President Gotabaya Rajapaksa at the Presidential Secretariat, Wednesday. The …
CA Sri Lanka launches exclusive global credential for finance professionals to fight fraud
In a ground-breaking initiative aimed at combatting fraud and corruption, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) joined hands with …
Interview: Resilience, creativity and talent will make Sri Lankan apparel thrive globally
Sri Lanka’s apparel sector contributes 6% to the country’s GDP and accounts for almost half of all merchandise exports. The sector provides direct …
CL Synergy announces forthcoming IPO as next step in growth strategy
CL Synergy Limited has received official approval from the Colombo Stock Exchange (CSE) for its Initial Public Offering, which is set to open on the 7th of …
Fitch withdraws ‘BBB+(EXP)(lka)’ rating on HNB Finance’s proposed subordinated debt
Fitch Ratings has withdrawn the expected National Long-Term Rating of 'BBB+(EXP)(lka)' assigned to HNB Finance PLC's (HNBF; A(lka)/Stable) proposed Sri Lankan …
Nation branding of Sri Lanka on global stage requires a more collaborative approach
Nuwan Gamage, Vice President of Sri Lanka Institute of Marketing Sri Lanka is currently facing several economic challenges and in order to steer the country …
Ceylon Chamber seeks urgent action to restore electricity and fuel supply to avoid economic standstill
The Ceylon Chamber of Commerce notes with serious concern the adverse effects brought on its members and all sectors of the economy in general as a result of …
Tribute: Senior Corporate Personality Sega Nagendra (1939-2022)
March 1, 2022 (LBO) - They don't make them like they used to anymore. Senior corporate personality Sega Nagendra passed away suddenly on 28th of February 2022. …
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 Amazones …
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 ongoing …