The Ceylon Tea exports contracted in the month of January, with the total quantities reaching international markets amounting to 19.38 MnKgs.

Sri Lankan shares ended 5 percent lower on Thursday as the country struggles with its worst economic crisis in years, while global stock markets slumped after Russia’s invasion of Ukraine.

Maliban, one of Sri Lanka’s largest manufacturers, distributors and marketers of confectionery items, sealed an agreement with the government this week to commence manufacturing of pharmaceuticals.

Oil prices jumped yesterday, with Brent rising above US $ 105 a barrel for the first time since 2014, after Russia’s attack on Ukraine exacerbated concerns about disruptions to global energy supply.

Seylan Bank PLC reported some robust performance for the three months ended on December 31, 2021 (2Q22), with almost all key indicators having improved amid satisfactory growth in loans and capital heft, which is going to get a further boost in the m

SriLankan Airlines has adorned one of its aircraft with customised livery to reaffirm its status as the official airline of the much-awaited ‘Raid Amazones 2022’.

The Colombo bourse yesterday plunged nearly 7 percent, with investors probably getting a grasp of the serious economic crisis unfolding amid over four-hour-long power outages, due to lack of diesel to generate electricity.

India’s Foreign Minister Subrahmanyam Jaishankar said yesterday the country is willing to make investments in Sri Lanka to help it ease a financial crisis, foreign media reported.

Seylan Bank PLC yesterday revealed the plans to raise up to Rs.6 billion via a listed, Basel III-compliant debenture issue.

A joint venture among Dialog Broadband Networks, Formis Network Services and Access International has secured a bid to design, supply, implement and maintain a court automation for the judicial system of Sri Lanka.

The foreign exchange shortage, which took a turn for the worse in the recent past, resulting in regular power cuts, is likely to hit the Independent Power Producers (IPPs), due to the potential delays in payments from the Ceylon Electricity Board (CE

Fitch Ratings yesterday said number portability, which is expected to be introduced in 2022, is unlikely to have a material impact on Dialog Axiata PLC, the market leader across mobile, pay-TV and home broadband segments in the country.

Colombo District Court Judge Anura Aluthge yesterday issued an enjoining order restraining Commercial Bank PLC from acting upon the board resolution passed on November 29, 2019.

Testa Bake House was established in 1982 as a small business and today expands its network of branches throughout the island as the Testa group provides hygienic processed foods, bakery products and other foods to government agencies, private institu

Daraz CEO and Founder Bjarke Mikkelsen visited Sri Lanka on February 14 and 15, 2022 and held an exclusive meeting with Prime Minister Mahinda Rajapaksa.

Sri Lanka will sign a Memorandum of Understanding (MoU) with the United States (US) to improve the capacity of local milk production.

The Cabinet of Ministers this week approved a proposal to provide incentives under the Strategic Development Project Act for the proposed US$ 70.4 million luxury urban hotel by Sri Lanka’s Damro Group.

Oil prices surged close to US$ 100 per barrel yesterday as major crude producer Russia prepared to send troops into two breakaway regions of Ukraine, sparking Western nations to ready economic sanctions against Moscow.

The deficit in the budget hit an all-time high in January-November 2021 period, as the latest fiscal data showed revenue slippages and expenses over and above what was budgeted and what was spent a year ago.

Sri Lankan shares treaded water yesterday, after falling for four straight sessions, as gains in communication services and energy firms were offset by a drop in technology and utility stocks.

NDB Bank PLC reported strong top line, but the profits slipped in the three months ended December 31, 2021 (4Q21) as the bank made outsize provisions against possible loan defaults and other financial assets although the asset quality had improved.

Sri Lanka is open to discussions with the International Monetary Fund (IMF) and other multilateral lenders for assistance, a Cabinet spokesman said yesterday, as it faces its worst economic crisis in years.

Sri Lanka’s tourist arrivals crossed the 70,000 mark in the first three weeks of February. Provisional data from the Sri Lanka Tourism Development Authority (SLTDA) released yesterday showed that the island nation welcomed a total of 73, 048 touris

Tourism Ministry yesterday requested President Gotabaya Rajapaksa to exempt tourist zones from the scheduled power cuts by the Ceylon Electricity Board (CEB).

Resus Energy PLC, a forerunner in renewable energy, operating a number of small hydropower and ground-mounted solar PV stations in Sri Lanka, recently connected its eighth small hydropower station to the national grid.

Associated Advanced Rubbers (Pvt.) Ltd recently signed an investment agreement with the Board of Investment (BOI) to set up a facility to manufacture advanced rubber material for direct and indirect export.

Reiterating its commitment to transforming Sri Lanka with cutting-edge digital solutions, SLT-Mobitel, the national ICT solutions provider, has partnered with the Department for Registration of Persons (DRP), marking an important milestone in Sri Lan

Lanwa Sanstha Cement Corporation (Pvt.) Ltd, a state-of-the-art cement manufacturing facility that is expected to be one of the region’s largest, is set to commence operations in early March of 2022.

The One Island Thousand Treasures (OITT) campaign was launched yesterday to generate content that would help narrate Sri Lanka’s compelling story to global travellers.

Sunshine Holdings announced the appointment of Ruvini Fernando to the company’s board as an Independent Non-Executive Director, with effect from February 21, 2022. With the new appointment, the board of Sunshine Holdings will be comprised of 10 dir