Business

Sampath Bank PLC recently formed a strategic alliance with Sri Lanka's National Chamber of Exporters (NCE). The Bank sponsors the prize for 'Ethical Trading Certification' as part of this engagement. The Bank was pleased to give the 'Ethical Trading Certification'...

The publisher of prominent business magazine LMD, Media Services, unveiled its top 12 line-up in the forthcoming LMD 100 special annual edition in an exclusive pre-publication release to the Daily FT. Expolanka tops the 29th edition of Sri Lanka's pioneering...

The garment industry maintained its momentum of a $500 million export haul for the third consecutive month in August, pushing the first eight months performance to around $4 billion. According to preliminary figures from the Joint Apparel Association Forum (JAAF),...

ACU Tea Factory situated in Madampe, managed by Udeni Liyanage, achieved an all-time record price under ACU Super selling mark at the weekly tea auction held on 20/21 September, by securing a significant price of Rs. 12,000 per kg for...

As the island nation struggles to find a way out of a currency crisis and sovereign debt default, the government of President Ranil Wickremesinghe is expected to resume stalled talks on a Free Trade Agreement (FTA) with China, as well...

Sri Lanka commenced an “Ambassadors’ Forum” under the patronage of President Ranil Wickremesinghe on the island nation’s debt restructuring and International Monetary Fund (IMF) programme with the participation of 16 Colombo-based Missions and six missions virtually from New Delhi, the...

Americares, a non-profit organisation located in the United States, has donated medicine and medical supplies worth 773,000 US dollars (roughly 279 million Sri Lankan rupees) to Sri Lanka, according to the Sri Lanka embassy in Washington D.C. The donation includes...

Datuk Seri M. Saravanan, Malaysia's Human Resources Minister, stated that the Malaysian government has committed to hiring 10,000 Sri Lankans. According to a statement issued today by Malaysia's Human Resources Minister, the Malaysian Cabinet has agreed to bring in 10,000...

Dialog Axiata Group, the largest Foreign Direct Investor (FDI) operating under the auspices of the Board of Investment of Sri Lanka (BOI), announced the signing of two supplementary agreements with the BOI on September 13, 2022, for an additional USD...

President Ranil Wickremesinghe has informed the Speaker that the Cabinet of Ministers in Sri Lanka has yet to be briefed on the IMF Staff-Level Agreement that was recently signed with officials. The Speaker stated that the President has emphasised that,...