The government will introduce the proposed property or wealth tax after a thorough analysis, State Finance Minister Ranjith Siyambalapitiya said. Calling it a very progressive...

Minister of Industry and Health Ramesh Pathirana recently emphasised the need to expand industrial land allocation in the country due to limited availability of land for industrial purposes. The goal....

Pan Asia Banking Corporation PLC reported higher earnings for the period ended September 30, 2023 (3Q23) amid strong top line performance, though the bank still recorded a de-growth....

Huawei announced its business results for the first three quarters of 2023 yesterday. During this period, Huawei generated CNY 456.6 billion in revenue, with a year-on-year increase of 2.4 percent....

Expolanka Holdings PLC saw its financial performance for the quarter ended September 30, 2023 (2Q24) impacted by slowdown in global demand and sharp decline in freight rates after....

Nations Trust Bank PLC recently announced a step forward in addressing the growing needs of customers while aligning with the recent directive from the Central Bank of Sri Lanka (CBSL) with the introduction...

EO Sri Lanka, in September, inaugurated a new board and president at an event held at Mount Lavinia Hotel. Outgoing President Jitherndra Gajendran....

Organisation of Professional Associations of Sri Lanka (OPA) President Elect Sarath Gamage assumed duties as the 43rd President of the OPA on October 27, 2023. The OPA...

Echoing its leadership in bringing the latest technological advancements to Sri Lanka, SLT-Mobitel, the national ICT solutions provider, announces the introduction of Apple’s latest iPhone 15 lineup with....

The Central Bank of Sri Lanka (CBSL) co-hosted the CBSL-ADBI-APAEA Workshop for the fourth consecutive year, in collaboration with the Asian Development Bank Institute (ADBI) and Asia-Pacific...

CIC Holdings PLC continued its onward journey despite a challenging environment to post a revenue of Rs.34.78 billion and a profit after tax (PAT) of Rs.1.98 billion at the end of the first six months....

President Ranil Wickremesinghe stressed on the need for a well-defined road map and adequate funding to materialise the aspired digital transformation.

The local print solutions and technologies came under fresh spotlight this week, with the launch of SL Print Exhibition and Trade Fair 2023, at the BMICH.

The Colombo Tea Auction this week saw the volumes improve marginally, totalling five million kilogrammes, which was met with good general demand although at irregular rates.

The Ceylon Chamber of Commerce (CCC) yesterday announced the launch of the Sri Lanka-Bangladesh Business Council, under the patronage of Bangladesh High Commissioner to Sri Lanka Tareq Mohammad Ariful Islam.

In an effort to reduce the shocks faced by the local apparel sector, due to the increase in global economic challenges, the small and medium enterprises (SMEs) in the industry are moving towards the Indian apparel market.

The government yesterday announced that plans are afoot to designate one percent of the nation’s total land area for industrial use, to help improve industrial activity.

BBC: Artificial intelligence could increase the risk of cyberattacks and erode trust in online content by 2025, a UK government report warns.

CT CLSA, a prominent financial advisory and investment banking service provider based in Colombo, has revised down its tourist arrivals target for Sri Lanka by 11 percent, citing a noticeable decrease in daily arrivals. In an industry update, CT CLSA

Daraz, Sri Lanka’s fastest-growing online marketplace, is committed to elevating the local e-commerce landscape by enabling local entrepreneurs to seamlessly sell their products to the international market. The platform, currently

Pioneer chicken processor Bairaha Farms PLC subsidiary Glboal Reach Foods Pvt. Ltd. has invested Rs.310 million in a new venture that involves the production and export of certain niche meat-based products. The company is e

Chevron Lubricants Lanka PLC, the country’s lubricant market leader in terms of market share, saw its third quarter earnings ended September 30, 2023 (3Q23) falling amid flat revenues and higher cost of sales. The company reported

Printcare PLC, a leading printing and packaging company in the country said it is setting up a fully-fledged packaging company in Kenya. A stock market filing sa

Lanka IOC PLC said yesterday it has been granted with the renewal of Petroleum Products License for a period of 20 years with effect from January 22, 2024. Prior to the re

Autogroup International Sri Lanka (AGI), a 100 percent Australian-owned company specialising in the conversion of vehicles from left-hand drive to right-hand drive and then reex

The Colombo Stock Exchange (CSE) yesterday announced the launch of regulated short selling (RSS) through stock borrowing and lend

`SriLankan Airlines was crowned as the Leading International Airline - South Asia, at the South Asian Travel Awards (SATA), in Bangalore, India, recently. SriLankan further sec

In recognition of its picturesque setting and exceptional hospitality, Radisson Blu Resort Galle has been honoured with the prestigious APEX Award for Most Scenic Destination Wedding Venue. Situated in the scenic southern

Expolanka Holdings PLC/Classic Travel (Pvt.) Ltd Director Leisure Cluster Sabry Bahaudeen was elected as President of the IATA Agents Association of Sri Lanka (IAASL), at the 35th Annual General Meeting. An old boy of Royal Co

The third session of Sri Lanka Economic Summit 2023 (SLES 2023), conducted by the Ceylon Chamber of Commerce on November 28 and 29, will centre around exploring how Sri Lanka can capitalise on its strategic location and implement a ‘+1 strategy’