The offering at the Colombo Tea Auction this week declined, with only 4.3 MnKgs coming under the hammer.

Exterminators PLC, Sri Lanka’s premier pest management and environmental technology company, announced its interim financial results for the second quarter of FY23.

The ‘Aarohi’ initiative of Indian Oil Corporation Limited (IOCL) brought the women officials of the entity to Sri Lanka recently to enhance the leadership qualities among the promising women leaders.

The Joint Apparel Association Forum (JAAF) has kicked off efforts with the International Finance Corporation (IFC) in providing training on policies and frameworks required to help create peaceful and respectful workplaces.

Sri Lanka is in the midst of exploring a debt-to-nature deal of up to US$ 1 billion, along with Cpe Verde and Ecuador, a media report said.

Invitees taking part in the SriLankan Airlines’ Global Sales Conference 2022 are currently arriving in the country, from across the airline’s extensive network ranging from Europe; the Middle East; Indian subcontinent; Asia-Pacific; and Australia

Aitken Spence Travels, the leading destination management company (DMC) that handles the highest cruise calls for shore excursion to Sri Lanka will commence the first luxury passenger cruise ship ‘Viking Mars’ USA on November 18th – 19th.

As Sri Lanka faces an exodus of youth migration amid the unprecedented economic crisis, Jetwing Group Chairman Hiran Cooray called for an attitudinal change from the corporate sector and the general public to gain sustainable economic recovery.

A team of China Development Bank (CDB) officials has arrived in Sri Lanka and held talks on projects financed by them and the way forward, a Minister said.

Laugfs Lubricants, a fully owned subsidiary of Laugfs Holdings, has recently ventured into Bangladesh though Laugfs Gas PLC this week announced the full divestment of its retail LP gas business in Bangladesh for US$ 23 million.

The government needs to actively look into addressing the issues stemming for women from unpaid care work, since it, along with domestic responsibilities, hinders the economic empowerment of women, the Institute of Policy Studies (IPS) said.

Since the beginning of the year, the eruption of energy crises in certain parts of the world have gained global traction. To offset energy shortages, increases in coal consumption has been consecutive and considerable.

The tourist arrivals for the first 15 days of November stood at 27,213, making Sri Lanka inches away from crossing the 600,000 arrival mark for the year.

The yields at yesterday’s Treasury bill auction declined with three-month bill yields declining the most amid signals from the Central Bank that interest rates should start coming down with the expected deceleration in inflation.

Budget 2023 proposed the appointment of a tax ombudsman to boost the confidence of the taxpayers, which has been well received by tax experts, though concerns prevail in the implementation of the proposal.

First Capital Holdings PLC recorded a profit after tax (PAT) of Rs.823 million for the six months ended on September 30, 2022, compared to the loss after tax of Rs.303 million in the corresponding period of the previous year.

Crisis-hit Sri Lanka this week said it would take responsibility for US $ 1.7 billion owed to China by state enterprises as it seeks to sell them off and restructure its foreign debt to secure an International Monetary Fund (IMF) bailout.

Amid the high interest rates and taxes, runaway inflation and supply-side constraints, Sri Lanka’s manufacturing and services activities, as measured by the Purchasing Managers’ Index (PMI) compiled by the Central Bank, slowed down in October com

Laugfs Gas yesterday said it disposed the full stake in its Bangladesh unit for US $ 23.39 million to an undisclosed buyer, with plans to use the sale proceeds to settle the group’s debt.

Despite numerous macroeconomic challenges, the E. B. Creasy Group, once again, was resilient and posted a record performance in the first half of the current financial year, driven by outstanding results in its core segments of homecare, personal and

Samsung Electronics was recently recognized by Interbrand, a global brand consultancy, as one of the top five in the Best Global Brands 2022.

Bodyline (Pvt.) Ltd is celebrating its 30th anniversary with a campaign dubbed ‘Bodyline Transcends 30 Years.’ Through this campaign, the company hopes to continue to positively impact the lives of the communities they operate through 30 CSR init

Dr. Kithsiri Edirisinghe, the Co-Founder and CEO of the International Institute of Health Sciences (IIHS), Sri Lanka’s pioneering healthcare training provider and role model for the education industry, received international acclaim recently for dr

The 51st Annual General Meeting of the Ceylon Hotel School Graduates’ Association took place on 22nd October at the Shangri-la, Colombo.

Intrepid Colombo, a fully owned subsidiary of Intrepid Travel, the largest adventure travel company in the world, recently celebrated 10 years of operations in Sri Lanka, during which time the business has grown its team by 3,300 percent, or an avera

The ‘atingi’ eAcademy is a digital learning platform, providing users with the opportunity to develop their knowledge in the tourism and hospitality sector.

Ceylon Tea exports for the month of October totalled 19 MnKgs, a dip of 5.34 MnKgs when compared with the corresponding month of the previous year, which is a 22 percent year-on-year (YoY) decline.

Even though the Budget 2023 presented to parliament on Monday had given priority to boosting government revenue to aid the ailing economy, the country’s business community appears to be not convinced as it conveniently left the rationalisation of g

Massive provisions made against possible bad loans and the investments in dollar bonds issued by the government dented the profits at Seylan Bank PLC in the three months through September (3Q22), mirroring the rest of the industry though the bottomli

Bank of Ceylon (BoC) yesterday announced the appointment of Russel Fonseka as its next General Manager/ Chief Executive Officer.