M Power Capital Securities announced the appointment of Thinushka Soysa as an Independent Non-Executive Director, effective May...

Globally acclaimed ayurveda-based wellness brand Siddhalepa expanded its footprint to the Middle East by venturing into the United Arab Emirates (UAE). Launched....

Union Assurance, Sri Lanka’s premier life insurer, has been recognised as the #1 Life Insurance Company in the latest Transparency in Corporate Reporting Assessment 2023 (TRAC) published...

Alumex PLC, a subsidiary of Hayleys and a trailblazing aluminium manufacturer in Sri Lanka, was awarded with the prestigious Certificate of Ethical Trading by the National Chamber of Exporters...

The Central Bank emphasised the importance of businesses in Sri Lanka understanding the current exchange rate system.

Monopoly cigarette player Ceylon Tobacco Company PLC (CTC) yesterday said that its sales volume for the first quarter ended on March 31, 2024 was lower in comparison to the same period last year, mainly due to the tax-led price increases, in line wit

Sri Lanka needs a new set of entrepreneurs to drive future economic growth based on productivity, in transforming the current business landscape dominated by patronage, rent-seeking and crony capitalism, Advocata Institute Chairman Murtaza Jafferjee

The ASPI closed in red as a result of price losses in counters such as John Keells Holdings, SMB Leasing nonvoting and Browns Investments with the turnover crossing Rs 1.7 Bn. A similar behavior was witnessed in the S&P SL20. High net worth and insti

Prior to the bond auction scheduled yesterday, the secondary market continued to see the buying interest with activity centred across the belly-end of the curve. Thus, the 15.05.26, 01.08.26, 15.12.26 maturities saw trades between 10.45 percent and

The Central Bank (CB) in a recent article attributed the recent inflation escapade nearly, largely and almost entirely to supply side factors, two years after its occurance and also explained how it should have been dealt with. Here is how it goes;

The Indian Ocean Rim Association (IORA) Business Conclave organised by The Ceylon Chamber of Commerce in collaboration with the Ministry of Foreign Affairs on May 28 and 29 is to focus on sectors significant to the economic development and prosperity

George Steuart & Co. Ltd. (GS&Co) announced the appointment of a new chairman and members to its board. Sarva Ameresekere has been appointed the Group Chairman GS&Co, while Devaka Cooray, Dimantha Seneviratne and Dr. Dinesh Palipana are appointed as

Looking to enrich Sri Lanka’s vibrant hospitality scene and add new flair, International Distillers Limited (IDL) – Sri Lanka’s market leader in Locally Manufactured Foreign Liquor (LMFL) – has joined forces with the Sri Lanka Hospitality Gra

SLT-Mobitel Enterprise has introduced an ‘Unlimited Voice’ calling package with a fixed rental as its latest offering. Voice communication stands as a cornerstone of any successful business operation. With SLT-Mobitel Enterprise’s new Unlimited

Janashakthi Limited (JXG), the parent entity of the Janashakthi Group of Companies, announced a three-notch upgrade in its credit rating by Lanka Rating Agency (LRA) from BB- to BBB-. This upgrade signifies a shift from moderate risk to investment g

Sri Lanka’s business landscape is set for a significant boost with the highly anticipated BNI Members’ Day scheduled for June 6th, at the ShangriLa Hotel. The event’s keynote speaker will be Ron Kaufmann, globally recognized for transforming bu

Verité Research has established a governance and anti-corruption research division under the leadership of Sankhitha Gunaratne. Verité has made this strategic move against the backdrop of widespread, systemic corruption in Sri Lanka and the reform

Miraclon, a global leader in cutting-edge plate making and prepress technologies, has chosen Sri Lanka’s ALFT Packaging, to showcase its business and technological advancements. Miraclon, with operations across 180 countries and a vast customer bas

In a move to spur sustainable investments in Sri Lanka, the International Finance Corporation (IFC) and the European Union (EU) have partnered with the Commercial Bank of Ceylon (CBC) to scale up green finance, supporting the country’s commitments

Chevron Lubricants Lanka PLC, the country’s lubricant market leader in terms of market share, saw its earnings for the first quarter (1Q24) ended on March 31, 2024 expand with higher revenues. The company reported earnings of Rs.5.84 per share or R

Lankem Ceylon PLC has granted a Rs.300 million corporate guarantee on behalf of its subsidiary SunAgro LifeScience. In a filing to the Colombo Stock Exchange, Lankem said the corporate guarantee, a security for banking facilities obtained by SunAgro

Orion Development has signed a US $ 1.78 million agreement with the Board of Investment (BOI) for the expansion of its IT park, Orion City.

Sri Lanka is all set to triple the investment target set for 2024, State Minister of Investment Promotion Dilum Amunugama said, as the necessary activities to realise the goal for 1Q24, set by the Finance Ministry has been successfully rolled out.

People’s Bank has faced significant challenges in the recent years, exacerbated by the Covid-19 pandemic and ensuing ....

Sri Lanka is likely to see a minimum one-notch upgrade in sovereign credit ratings to triple C (CCC) in two to three weeks upon completion of the external debt restructuring process, according to Sri Lanka Banks’ Association Chairman Bingumal Thewa

Worker remittance in April expands 19.7% YoY to US$ 543.8 mn Worker remittances continued to remain strong through April despite....

As Vesak draws near in about 10 days, a local artisan is immersed in crafting frames for ‘Vesak lanterns’ that will adorn....

Acuity Partners yesterday announced the appointment of Damith Pallewatte as its new Chairman. Pallewatte takes over....

Banks are ramping up fresh credit disbursements to the economy as the lending rates are on a continuous....

Pelwatte Dairy Industries Limited (PDIL) has marked a significant milestone in Sri Lanka’s dairy sector by signing a memorandum....