Sri Lanka’s November trade deficit fell amid stronger exports, which outpaced a soaring import bill due to higher global commodities prices, in particular the price of oil and the higher demand set forth with high amount of liquidity made available

The Cabinet nod has been granted to the Finance Ministry to enter into agreements on double taxation and tax evasion on income tax avoidance with India, Turkey and the Czech Republic.

The government has decided to allocate Rs.40 billion to compensate paddy harvest losses incurred by 1.04 million farmers in the 2021/2022 Maha season due to the ban on chemical fertilisers and agrochemicals.

Ceylon Cold Stores PLC turned around its performance in the quarter ended in December after a brief sales decline in the previous quarter which swung the company into a loss as the ending of lockdowns and the brisk pace of the demand helped the compa

Sri Lanka’s power sector regulator Public Utilities Commission of Sri Lanka (PUCSL) expects the Ceylon Electricity Board (CEB) to submit a fresh Long-Term Generation Expansion Plan (LTGEP) in compliance with the government’s renewable power gener

The renewable energy developers in the country yesterday called on the government to support the sector by turning the promises made into action, since the only solution to Sri Lanka’s ongoing power crisis is to increase the contribution of renewab

Singer’s long-standing history in Sri Lanka started in 1877 as a simple sewing machine company. Today, Singer has grown to be a pioneer in the consumer durable market boasting a product portfolio of over 600 electronic items and 1200 home appliance

Ruhunu Hospital (Pvt.) Ltd, the leading private healthcare provider in the Southern province, launched its latest medical centre in Matara to cater to the growing demand for its unparalleled services.

Dental One, one of Sri Lanka’s leading oral health providers, has expanded its network by opening its newest Dental hospital located in Panadura.

Royal Nursing Home (Pvt.) Ltd, the largest company in Sri Lanka providing in-house nursing services and ambulance service, recently pledged to provide free nursing training and recruit 400 persons under the age of 45 by 2022 and to generate 1,000 job

Office of the National Broadcasting and Telecommunications Commission (NBTC), Siriraj Hospital and Huawei Technologies (Thailand) Co., Ltd jointly launched the Siriraj World Class 5G Smart Hospital.

The Business World International Awards ceremony, organised by the Business World International Organisation (BWIO) INC - USA, an event which is recognised as one of the most prestigious business award festivals in the Asian Pacific region, was held

Tradefirst (Pvt.) Ltd, the authorised distributor in Sri Lanka for Leister, which is the global leader in the field of plastic welding and industrial hot air applications, recently supplied a large number of Leister hot air blowers to Ansell Lanka fo

Berendina Micro Investments Company Limited, better known as BMIC among its microfinance clientele and partners, won the Silver award at the 56th Annual Report Awards organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), un

Sri Lanka’s leading private sector bank HNB PLC partnered with Browns Integrated Engineering Solutions to offer customers special discounts and benefits for ELGI equipment.

Sanjaya Bandara, a leading figure in the Sri Lankan accounting fraternity, was ceremoniously inducted as the 26th President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) yesterday, at a gala event held at Shangri-La Colombo.

John Keells Holdings PLC (JKH) yesterday said it successfully refinanced a US $ 395 million syndicated loan facility at its flagship project Cinnamon Life, which was due for repayment in July 2022.

Sri Lanka Insurance, the reigning champion of the insurance industry of Sri Lanka, closed the year 2021 with a positive note, recording a staggering combined GWP of Rs.43 billion amidst the turbulent time.

The Central Bank yesterday issued guidelines to tourism service providers when transacting with tourists and non-resident Sri Lankans.

Lanka IOC PLC (LIOC) reported strong top and bottom line performances for the three months ended in December 2021 (3Q22) after the back-to-back price increase authorised by the government last year while the crude oil futures climbed to seven-year hi

The government yesterday said the generators at large public and private organisations, which have the estimated capacity of generating up to 3,000MW collectively, should be added to the national grid as a precaution to tackle the current power crisi

The project to launch a CCP system for equities was formally launched at a joint Securities and Exchange Commission of Sri Lanka (SEC)- Colombo Stock Exchange (CSE) meeting held at the SEC, recently.

Jayampathy Molligoda has resigned from the director board of state-owned Bank of Ceylon (BOC), with effect from January 31, 2022.

Top regional financial services expert Aruni Goonetilleke has been appointed to the board of directors of Eswaran Brothers, further strengthening an eminent team at the helm of affairs at the company.

National Asset Management Limited (NAMAL) has appointed Charana Jayasuriya as its new Chief Executive Officer, effective from January 24, 2022.

In recognition of the company’s outstanding performance in quality management, Anverally and Sons (Pvt.) Ltd, one of the largest exporters of Ceylon’s finest teas for over a century, won a prestigious international award from the Switzerland-base

The annual report of Aitken Spence PLC presented under the theme ‘Conquering Chaos’ won the Bronze award under the diversified category and was recognised in the top 10 companies’ annual reports at the 56th Annual Report Awards, organised by th

Exterminators, Sri Lanka’s premier environmental enhancement technology company, has won its 58th award for business excellence at CNCI Achiever Industrial Excellence 2021.

As persistent inflation gets fed into interest rates with the likelihood of a more hawkish Central Bank, the demand for credit is expected to moderate in the first quarter of 2022.

The Central Bank last week ruled out the possibility for shortages of fuel and other commodities, as required funds had been released every time a request was made that containers remained stuck due to the dollar shortage.