The foreign exchange crunch and the drop in local harvest weighed on the performance of Ceylon Grain Elevators PLC as the company saw its revenues decline and costs escalate in the three months to December 2021 (4Q21) prompting it to curtail producti

Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) yesterday requested the government to provide continuous power for export industry factories as production is getting interrupted due to the ongoing power cuts.

The Sri Lanka Institute of Directors (SLID) recently launched its Young Directors Forum (YDF) with the aim of grooming young talent to take up positions in the boardrooms of corporate Sri Lanka as well as in the public sector/State-Owned Enterprises.

Directors of M/S Zeitgeist based in Lahore, Pakistan a well-established high quality garment export company recently visited the Board of Investment of Sri Lanka with the objective of exploring opportunities for investment in Sri Lanka in the apparel

The 114th birth anniversary of Deshamanya N.U. Jayawardena, Senator, first Sri Lankan Governor of the Central Bank, and financier, was commemorated by the staff members of MMBL-Pathfinder and the Pathfinder Foundation.

LDM Technologies (Pvt) Ltd, a rising name in the field of CAD and CAM Solutions in the apparel industry, received the Silver Award for the best service provider in the microcategory service sector at the Industrial Excellence 2021 Awards organized by

Royal Cashews won the Best Ethically Trading Exporter 2021 NCE Challenge Trophy - Special Award for the first time at the National Export Excellence Awards organized by the National Chamber of Exporters, establishing themselves as the best export org

Softlogic Retail (Pvt) Ltd., a fully owned subsidiary of Softlogic Holdings PLC, launched its all-new range of aesthetically appealing and energy-efficient air conditioners under the MAXMO brand on February 27, at all Softlogic and Softlogic Max show

Sri Lanka@100 hosted a webinar featuring Tiffani Bova, author of the Wall-Street Journal-bestselling book Growth IQ, to inspire mid-market companies with insight into sustained business growth.

Showcasing a strong financial position and dominant market share of the local cable industry with strong brand equity, ACL Cables PLC’s credit rating was upgraded with a [SL] AA- Stable outlook recently according to ICRA Lanka Limited, a Group Comp

State-owned banking giant Bank of Ceylon (BOC) was able to reiterate its position as the undisputed market leader in Sri Lanka’s banking sector with a robust financial performance for the year 2021.

Despite the persisting economic troubles and possible negative impacts that could stem from the Ukraine crisis, the Colombo bourse yesterday bounced back significantly from the record losses incurred over last week amid high retail investor activity.

The Labour Ministry has commenced discussions with the World Bank (WB) and International Labour Organisation (ILO) to find avenues to fund the proposed social security and pension scheme for the private sector employees.

The Central Bank yesterday sought the assistance of the public to crack down on unauthorised money changers emphasising that any person or organisation engaging in foreign currency transactions without the Central Bank permission is an unlawful activ

The buzzword in every economy barring Japan is inflation, as it is hitting the pocketbooks of millions, if not billions of people around the world and Sri Lanka is not an exception.

Colombo inflation hit a new 13-year high in February from a year ago but the prices measured on a monthly basis showed a deceleration, pointing to easing of prices in the months to come.

Union Bank of Colombo PLC reported strong financial performance for the three months to December 31, 2021, with improvements in asset quality and margins but the company’s extremely anaemic growth in loans and advances raised serious questions abou

Amid the worsening foreign exchange crisis, the Central Bank (CB) has proposed slew of measures aimed at preserving valuable foreign exchange including higher import duties on non-essential imported goods along with several creative measures aimed at

Commercial Bank of Ceylon PLC reported some robust financial performance for the three months ended December 31, 2021, with improvements in almost all key performance indicators although higher provisions and expenses in the final quarter blunted the

Commercial Bank of Ceylon PLC last Friday said its board resolved to appoint the current Deputy Chairman Prof. A.K.W. Jayawardane as the bank’s Chairman effective from March 1, 2022.

SriLankan Airlines yesterday announced that fully vaccinated passengers can board any SriLankan Airlines’ flight that is departing to Sri Lanka without any form of pre-departure COVID-19 testing starting from 1st of March 2022.

Sri Lanka’s tourism sector is likely to witness an increase in the number of arrivals in the coming months as health authorities have taken steps to further ease the guidelines for entering the country.

Federal Reserve officials have begun taking stock of how the unfolding conflict in Ukraine might influence the economy and their planned shift to tighter monetary policy, with investors and some officials suggesting it could slow but likely not stop

A writ petition filed by 20 major plantation companies challenging the decision of the Wages Board to increase the daily wage of plantation workers to Rs. 1,000 has been fixed for further argument by the Court of Appeal.

Shortage of diesel in the country has added to the distresses of manufacturers given that they are no longer able to plan their way forward with frequent hurdles faced, latest being the daily power cuts.

Sunil Dissanayake has been appointed as a Board Member to the Northern Province Tourism Bureau by the Governor of the Northern Province, effective 15th February.

The Ceylon Chamber of Commerce (CCC) recently launched the 7th edition of its flagship annual Outlook Report for 2022 at the Economic Outlook 2022 webinar.

The Board of Investment of Sri Lanka recently unveiled its Corporate Strategy for the period 2022 - 2026. This took place during a full day workshop on the organization’s Strategic Framework under the guidance of Chairman Raja Edirisuriya, Director

Sri Lanka’s most user-friendly payment app, HNB SOLO flavoured the recently held ‘Fusion Galle Street Food Festival’ by sponsoring the event, continuing its efforts to engage the youth to increase the adoption of cashless payments across Sri La

Samsung Electronics extended its commitment to delivering the most up-to-date and more secure mobile experience possible for users by offering up to four generations of One UI and Android OS upgrades on select Galaxy devices.