Brombil tea factory situated in Pelawatte in Kalutara district has produced and sold the highest quantity of tea for a factory in Sri Lanka in 2021 with 3,834,290 kgs.

The Japan Sri Lanka Technical and Cultural Association (JASTECA), established as an alumnus of the Association for Overseas Technical Scholarship (AOTS), held its 35th Annual General Meeting on November 27th at Galadari Hotel Colombo.

A gentle Christmas rally normally seen in prices every December turned into a blowout in December 2021, as inflation in Colombo soared to a 12-year high.

DIMO, a leading diversified conglomerate in Sri Lanka, recently introduced the all-new Komatsu PC210-10M0 excavator to Sri Lanka.

People in Colombo were seen yesterday purchasing fireworks to welcome the year 2022, despite the hardships currently they are undergoing, due to the surge in consumer prices and shortages of cooking gas and certain food items. However, firework vendo

The Colombo Commercial High Court has issued interim orders against the directors of Asiabike Industrial Limited, who have allegedly mismanaged the funds of the company referred to in the petition.

Oil analysts have lowered their price forecasts for 2022 as the Omicron coronavirus variant poses headwinds to recovering fuel demand and risks a supply glut as producers pump more oil, a Reuters poll showed yesterday.

Telecommunications Regulatory Commission of Sri Lanka (TRCSL) Director General Oshada Senanayake has tendered his resignation.

Ukrainian SkyUp Airlines made its first flight from Kyiv, the capital of Ukraine, to Hambantota Mattala Airport on December 28, 2021.

The shares of LOLC General Insurance (CODE: LGIL-N-0000) commenced trading on the Colombo Stock Exchange (CSE) yesterday.

The local plantations sector welcomes the new year with hopes and positivity, even though the year 2021 was one of many challenges, due to the abrupt policy decisions made by the government.

Despite the sky rocketing cost of living, cooking gas related explosions and massive shortages of certain commodities amid the foreign exchange crunch,

The Central Bank yesterday issued fresh instructions to be followed by licensed commercial banks and the National Savings Bank when determining what the maximum interest rates on foreign currency denominated deposits would be, effective from today (D

John Keells Holdings PLC (JKH) yesterday said the staff issues at Cinnamon Bey, Beruwala have been resolved and the five-star property is back in business.

Sri Lanka’s construction sector and the complementary real estate activities lost steam during the third quarter ended in September from a five-year high growth recorded by the former in the preceding quarter partly due to the high base effects in

A booster dose of Johnson & Johnson Inc’s single-dose COVID-19 vaccine was 84 percent effective at preventing hospitalisation in South African healthcare workers who became infected as the Omicron variant spread, researchers said yesterday.

Apple has placed an iPhone factory in southern India “on probation” following protests over food poisoning and living conditions.

Sri Lankan shares closed higher yesterday as strong gains in the consumer discretionary sector countered losses in energy stocks.

Opposition lawmaker Harsha de Silva called the Central Bank’s (CB) claim of gross foreign exchange reserves reaching US $ 3.1 billion as merely window dressing.

The global foreign direct investment (FDI) position witnessed an expansion of US $ 2.2 trillion in 2020, when compared with 2019, an increase led by Europe and the Asia Pacific region.

Sri Lanka is gearing up to welcome an increasing number of tourists from Ukraine, with SkyUp Airlines having once again launched a charter programme to the island nation.

The COVID pandemic triggered a 71 percent drop in international flights in and out of the UK in 2021, says a new report. About 406,060 international flights operated from the UK this year, compared with 1,399,170 in 2019 before travel was restricted

Sri Lankan shares closed little changed yesterday, after logging two straight sessions of losses, as gains in consumer discretionary and staples offset a drop in energy stocks.

The strength of the condominium market, measured by way of the quarterly sales of apartment units, recovered in the three months to September 2021 from a pandemic-induced slump seen in the previous three months as well as from the same period in 2020

The total outstanding public debt has increased slightly under Rs.2.0 trillion during the first nine months, as the cash-strapped government had to borrow more since the country was hit with multiple waves of coronavirus since April this year, hobbli

SDB bank Chief Executive Officer (CEO) Thilak Piyadigama has obtained an enjoining order from District Court of Colombo preventing any attempts of him getting suspended or terminated from the bank.

The Securities and Excchange Commission (SEC) and the Colombo Stock Exchange (CSE) have formed a joint committee to set up a Central Counterparty (CPP), which is enabled under the the new SEC Act which came into force on September 19, 2021.

The way in which the Covid-19 pandemic has developed over the closing weeks of the year gives reason for concern and to once again put public health above everything else, United Nations World Tourism Organisation (UNWTO) said.

Sri Lankan shares ended lower for a second straight session yesterday, dragged down by financial and healthcare stocks.

The Treasury has been requested by a committee set up to look into State Owned Enterprises (SOEs), including key utilities such as power, energy and water, to suspend State assistance, potentially opening the path to end the reliance on tax payer fun