Rupee ends weaker; stocks slip from nearly 2-month high

COLOMBO (REUTERS) - The Sri Lankan rupee ended slightly weaker yesterday due to dollar dem...


Hayleys Global Beverages enters JV with Germany’s Martin Bauer

Hayleys Global Beverages (Pvt) Ltd (HGBL), a unit of diversified conglomerate Hayleys PLC ...


NTB Sept. profit down on hefty credit costs

Rising funding costs, hefty credit costs and slowdown in new loans dented Nations Trust Ba...


PM outlines measures to ease cost of living

Prime Minister Mahinda Rajapaksa in the capacity of Finance and Economic Affairs Minister ...


Sri Lanka’s overall liabilities, assets still unknown: Auditor General

Sri Lanka’s overall liabilities and available assets are still unknown due to the po...


Stock market surge due to pump and dump: Harsha

Former State minister and economist Dr.Harsha de Silva yesterday said the recent surge in ...


Teejay Lanka Sept. performance boosted by strong order book

Teejay Lanka PLC reported some solid top and bottom line growth for the three months ended...


CB assures timely repayment of US $ 1.5bn maturing bonds early next year

The Central Bank of Sri Lanka yesterday assured the investors that Sri Lanka would meet th...


NDB plows ahead beating economic odds

 National Development Bank PLC (NDB) plowed ahead beating the odds in a slow-moving e...


Rupee hits record low on political woes

(Colombo) REUTERS: The Sri Lankan rupee dropped 0.51 percent to a record low yesterday, de...


Fitch warns prolonged power struggle could heighten SL’s debt re-financing risks

Fitch Ratings yesterday said the current political standoff triggered by the appointment o...


Political crisis may lead to reduced investor interest, increased capital outflows: Moody’s

Sri Lanka is warned of reduced investor interest and increased capital outflows, leading t...


Chevron Lubricants Sept. net falls amid flat top line

Sri Lanka’s lubricant market leader Chevron Lubricants Lanka PLC saw its earnings fo...


NDB plows ahead beating economic odds

The National Development Bank PLC (NDB) plowed ahead beating the odds in a slow moving ec...


Developers urged to avoid “cookie cutter” approach in apartment designing

The apartments in Colombo are witnessing lacklustre sales despite an increase in ‘br...


Nestlé Lanka announces change in top management

Nestlé Lanka yesterday announced that its local operations will be taken over by Fa...


Madu appointed to HNB board; Damien returns

Hatton National Bank PLC (HNB) yesterday announced the appointment of Madu Ratnayake and D...


Rupee sharply down, stocks surge 1.9%

ECONOMYNEXT: The rupee closed weaker at around 173.80/174.00 rupees against the US dollar ...


IBM to acquire software company Red Hat for US $ 34bn

REUTERS: IBM Corp said it had agreed to acquire U.S. software company Red Hat Inc. for US ...


Hotel closures dent JKH resort sector earnings

John Keells Hotels PLC, the resort sector arm of the John Keells group, saw its earnings f...


Cold Stores profits plunge amid weak consumer sentiment, rise in costs

Weak consumer sentiments continued to weigh in on Ceylon Cold Stores PLC’s (CCS) per...


Lanka IOC Sept. performance helped by pricing formula

Lanka IOC PLC reported profits for the quarter ended September 30, 2018 (2Q19) against a l...


Sri Lanka mostly visited by young tourists: SLTDA survey

Sri Lanka is a tourist destination mostly visited by young travellers, according to a surv...


Seylan Bank 3Q hurt by higher credit costs, weak margins and slowdown in new loans

Higher provisions made for possible bad loans, weak margins amid rising funding costs and ...


CB stresses on continuation of fiscal consolidation

The Central Bank last Friday emphasised on the continuation of fiscal consolidation trajec...


ADB provides US$ 50 mn to improve Lanka’s health system

The Board of Directors of the Asian Development Bank (ADB) has approved a grant and loan p...


Asian markets end week down, more volatility tipped

HONG KONG (AFP) - Asian markets fell yesterday as trade tensions and geopolitical worries ...


Japan, China strike deals during Abe visit as ties improve

BEIJING (AFP) - Japan and China signed US$2.6 billion in business deals and touted their w...


Rupee hits record low; stocks at 2-week closing high

COLOMBO (Reuters) - The Sri Lankan rupee touched a record low yesterday as banks and impor...


Switzerland’s Richemont, China’s Alibaba team up

ZURICH (AFP) - Swiss luxury goods group Richemont announced yesterday a partnership with C...


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