The border tensions between Russia and Ukraine and the tight supply from OPEC + could further pressure global oil prices which topped US$ 90 a barrel fortnight ago hitting a seven-year high, according to ICRA Lanka.

DFCC Bank PLC profits fell sharply during the three months to December on higher loss provisions, personal costs and foreign exchange revaluation losses but the margins improved with rising interest rates, a trend which is expected to hold this year.

The Colombo Stock Exchange (CSE) has enabled local entities incorporated or established in Sri Lanka to issue and list foreign currency denominated shares in the main market segment (Diri Savi and Main Boards) of the bourse.

Total debt owed by the Sri Lankan government to domestic and foreign sources together eclipsed Rs.17 trillion in September and had continued to climb through October, though the country had settled more foreign debt than it had two years ago reflecti

Singer Sri Lanka PLC reported some solid financial performance for the three months ended December 31, 2021 with strong sales and soaring profits reflecting that the consumer durables market has continued to grow at a blistering pace.

Morgan Stanley expects the U.S. Federal Reserve to raise interest rates six times this year for a total of 150 basis points, a faster increase than previously predicted, according to a research report from the bank.

Amid heightened foreign exchange crisis and import controls, Sri Lanka’s motor vehicle registrations tumbled in January 2022 with minuscule registrations after new motor vehicle registrations falling to a record low of 33,850 units in 2021 with 83.

Singer (Sri Lanka) PLC, the largest consumer durable retailer in Sri Lanka, has partnered with the iconic Japanese brand Panasonic, a leading diversified technology company, to retail a wide range of consumer durable, electronics and home products.

In its latest CSR initiative, Ceylinco General Insurance commenced a programme to distribute clothes for free to people in need of clothing and to those who cannot afford to buy them.

Brilliant Cuts (Pvt.) Ltd was recently recognised by the Ceylon National Chamber of Industries, as the company won the Gold award 2021, under the national level service sector, at CNCI Achievers Awards 2021, which was held at Galadari Colombo, with I

Ethiopia’s Public Enterprises Holding and Administration (PEHA) has selected MTI Consulting to conduct in-depth strategic assessment of five state-owned enterprises (SOEs) in Ethiopia.

Velona, the pioneer of knitted and woven garments in Sri Lanka, recently opened its latest clothing outlet located at the Joseph Fraser Memorial Hospital, Colombo 5.

Sri Lanka Print Exhibition and Trade Fair 2022, organised by the Sri Lanka Institute of Packaging and Sri Lanka Association of Printers, kicked off at the BMICH yesterday.

Car spare parts dealers in Sri Lanka’s main city of Colombo are receiving a steady stream of customers looking for what is fast becoming a prized commodity in the island nation - side mirrors for Suzuki’s compact Wagon R.

Award-winning destination management company Asian Adventures Travel Management welcomed its first large incentive tour to Sri Lanka yesterday since the outbreak of the COVID-19 pandemic.

The Board of Investment (BOI) recently entered into an agreement with TPS Ceramic Industries (Pvt.) Ltd to set up a US $ 8.4 million manufacturing facility in the Kalutara district.

The local retail industry said it has seen the worst hit from the implications stemming from the pandemic and finds itself in a more aggravated situation

Fitch Ratings this week said the Sri Lankan banks are likely to face continued asset-quality pressure in 2022, as the rising macroeconomic stresses stemming from the sovereign credit profile pose a threat to borrowers’ repayment capacity, alongside

Sri Lankan shares fell more than one percent yesterday, logging losses for a fourth straight week, weighed down by industrial and financial stocks.

The boss of one of Asia’s biggest airlines has called on governments in the region to open their borders for the sake of people’s livelihoods.

In an unexpected move, the government has withdrawn the waiver on liquor license renewal fee for the tourism sector that was made available till 31 December 2022.

While SriLankan Airlines may not be looking for outside parties to divest in its core airline business partly or fully, the airline remains open for partnerships for its catering and ground handling businesses should the deals be attractive, accordin

Sri Lanka’s fast crumbling power sector needs improved collaboration among stakeholders where all are treated as equals, an energy expert said.

The Central Bank (CB) is likely to instruct State-owned banks to extend letter of credit (LC) facilities to Laugfs Gas PLC, which is struggling to procure LP gas (LPG) shipments amid the on-going foreign exchange crisis, according to industry sources

The Commercial High Court has refused to grant an interim injunction against Vortex Aventura (Private) Limited, restraining from directly or indirectly using any tradename or any business identifier, including domain names or email addresses,

Sampath Bank PLC closed the year 2021— which was marked by multiple headwinds combined with enormous opportunities—on a high note,

Sri Lanka Telecom PLC (SLT) Group concluded the financial year 2021 on a high note, recording a turnover of Rs.102.3 billion for the year ended December 31, 2021 marking a topline growth of 12.3 percent year-on-year.

CFA Society Sri Lanka announced the selection of the top four teams for the local finals of the CFA Institute Research Challenge competition.

With Colombo Port City and Cinnamon Life emerging as Sri Lanka’s most attractive investment opportunities in the property and leisure sectors, a webinar hosted recently by the Sri Lanka Canada Business Council (SLCBC) of the Ceylon Chamber of Comme

A total of 24 Sri Lankan companies were honoured for their excellent annual reporting and for also promoting transparency, accountability and governance in financial reporting at the 25th Best Presented Annual Report Awards of the South Asian Federat