Business

Construction of the second multi-storey car park, which is a joint project of both the public and private sector, near the Gold Center in Colombo 11 commenced under the patronage of Minister of Urban Development, Coast Conservation,…

Fitch Ratings has affirmed the National Long-Term Rating of People’s Bank (Sri Lanka) (PB) at ‘AA-(lka)’. The Outlook is Stable. National Long-Term Rating is driven by its intrinsic credit strength. It balances a superior…

The Tourism industry was upbeat about the revival of the industry by the end of September following Tourism Minister Prasanna Ranatunga’s assurances in that direction. This follows Ranatunga’s assurances to the industry of a…

The Central Bank of Sri Lanka (CBSL) has published a special publication on the history of currency used in Sri Lanka, titled “The 70 Year Journey of Currency Issue and Management” co-authored by Retired CBSL Director Communications…

The C-19 vaccination program for the Tourism sector which began from Hambantota last week was administered in Sigiriya using the American Moderna vaccine that was recently brought to Sri Lanka under the World Health Organization COVAX…

The Joint Apparel Association Forum (JAAF), expressed optimism over the possibility of securing an industry-critical extension of the EU GSP+ programme after its most recent round of discussions with the State Ministry of Regional…

Tokyo Cement Group recently expanded their ‘Fountain of Life’ project by gifting purified drinking water facilities to the people of Siyambalagaswewa in Mihintale. The Company installed a customised “Pure Hydro” water purification…

Recently, a group of state experts of South Korea has compiled and submitted to the Government of the Republic of Korea (ROK) a draft plan for electricity generation in the country for the period up to 2050. The document provides for a…

China’s exports accelerate, outbound shipments increase 32.2% China’s imports and exports posted stronger-than-expected growth in June as global demand for Chinese goods remained solid and sporadic COVID-19 outbreaks in the country’s…

Sri Lanka’s banking and Non-Banking Financial Institutions (NBFI) sectors remain competitive despite challenges exacerbated by the pandemic, with new and emerging opportunities to capitalize on. These sentiments were expressed by UAE…