Prime Minister Mahinda Rajapaksa yesterday declared open the newly constructed aircraft apron and taxiway constructed as a part of the Bandaranaike International Airport (BIA) Expansion Project.

Stakeholders of the hard-hit tourism sector have been instructed by the Central Bank of Sri Lanka to bring to its notice of any leasing companies seizing vehicles for late payment of installment.

India’s HCL Technologies (HCL), a leading global technology company, yesterday opened doors to its largest facility in the country at the state-of-the-art Cinnamon Life complex in Colombo.

The Initial Public Offering (IPO) of Capital Alliance Limited (CAL) which opened yesterday was oversubscribed the same day.

The Ceylon Electricity Board (CEB) has cut its losses in the three months to September as revenues rose while the generation costs fell on the back of heavy rains received in the catchment areas making it possible to increase the share of cheaper hyd

Aitken Spence Logistics recently embarked on commissioning a state-of-the-art, 100,000 sq. ft. container freight station at its main logistics complex in Mabole, Wattala.

Ideal First Choice (Pvt.) Ltd, a fully-owned subsidiary of the Ideal Group, recently partnered with Gulf Oil Lubricants India to offer Gulf Oil lubricants to the Sri Lankan market.

Hambantota International Port Group (HIPG) yesterday signed an agreement with INSEE Cement, the leading cement manufacturing company in Sri Lanka, to ensure the efficient transfer of raw materials to its factory in Galle, via the Hambantota Port.

HMD Global, the home of Nokia phones, has unveiled the first-ever HMD Global tablet Nokia T20.

Himani Vithanage of the University of Colombo has won the Saman Kelegama Memorial Research Grant for 2021, awarded by the Institute of Policy Studies of Sri Lanka (IPS).

Real estate developer Myland Developments Limited (MDL) yesterday announced an initial public offering (IPO), offering a 17.24 percent stake of the company and will be listed on the Diri Savi Board of the Colombo Stock Exchange (CSE).

London-based Capital Finance International (cfi.co) has awarded MTI Consulting as the 2021 Best Boutique Management Consultancy for the Middle East and Africa region, as part of CFI.co Awards 2021, which identifies and awards individuals and organis

People’s Bank yesterday announced the results for its nine-month period ended on September 30, 2021, reporting an asset and a deposit growth of Rs.349.7 billion and Rs.276.6 billion, respectively, a record high growing by 15.7 percent and 15.1 perc

Sri Lanka has welcomed about 29,000 for the first three weeks of November, already surpassing the record hike for the year that was witnessed in October.

First Capital Research (FCR), releasing its customary pre-policy analysis ahead of today’s monetary policy announcement, threw its bets equally between an increase in the key policy rates and leaving the rates at the current levels, as arguments fo

Prime Minister Mahinda Rajapaksa will declare open today the newly-constructed apron and taxiway constructed as part of the Bandaranaike International Airport (BIA) Expansion Project.

Melwa Hotels and Resorts (Pvt.) Ltd is set to infuse further US $ 52 million to expand the room capacity at Hilton DoubleTree Hotel, in Negombo.

Having recorded a whopping post-tax profit of Rs.53 billion, LOLC retains the number one spot in the 28th edition of the LMD 100 as Sri Lanka’s Most Profitable Listed Company in 2020/21.

Kuwait Airways Corporation (KAC), the national carrier of the State of Kuwait and the world’s five-star airline, announced yesterday that it intends to double its capacity in and out of Colombo from December 5, 2021, as part of a strategy for resto

ACL Cables PLC reported strong top and bottom line figures for the three months ended in September, as the company rode on a wave of robust growth in the construction sector activity in both the infrastructure and commercial development spheres.

The Commercial Bank of Ceylon PLC was declared Sri Lanka’s ‘Best Corporate Citizen’ in 2021 by the Ceylon Chamber of Commerce (CCC) recently, achieving the pinnacle of recognition for sustainability and good corporate citizenship in the country

JAT Holdings PLC recently announced the appointment of Nishal Ferdinando as the newest member of the company’s Board of Directors.

BMICH, Sri Lanka’s most recognizable and iconic landmark together with the Sri Lanka Association of Professional Conference, Exhibition & Event Organizers (SLAPCEO) announced that they have implemented all safety guidelines recommended by the healt

Stax has announced strategic investment by Blue Point Capital Partners, which will accelerate geographic expansion, growth and learning opportunities for talent, and enhancements to its core offerings around data/analytics, commercial due diligence,

The second phase of the expansion of the Bandaranaike International Airport (BIA) in Katunayaka will be officially declared open tomorrow (25 November).

Sri Lanka’s aviation traffic will increase further in the coming weeks with four new airlines gearing up to launch direct flights to the country from December.

Sarvodaya Development Finance’s (SDF) Initial Public Offering (IPO) to raise Rs.1 billion, which opened yesterday on the Colombo Stock Exchange (CSE) was oversubscribed the same day.

The local startup sphere came under fresh spotlight as Sri Lankan co-working space, start-up incubator and accelerator Hatch was recognised as ‘The Best Co-Working Space’ in the world at the Global Startup Awards 2021.

Award-winning co-working space Hatch is looking to expand its footprint, both within the country and overseas, so that an increasing number of start-ups can capitalise on the platform.

Commercial Bank of Ceylon PLC won the coveted ‘Best Corporate Citizen Sustainability Award 2021’ at an annual event organised by the Ceylon Chamber of Commerce to recognise sustainable champions of the local corporate world.