For the first time in Sri Lanka, Wickramarachchi Opticians opened a ZEISS Vision Centre in Sri Lanka on November 10, a state-of-the –art eye care centre in collaboration with ZEISS which is a renowned German company.

The International Chamber of Commerce Sri Lanka (ICCSL) in a statement says that Budget 2022 presented by Finance Minister Basil Rohana Rajapakse has several positive proposals that are critical for Sri Lanka’s future.

The upcoming Sri Lanka Economic Summit 2021 (SLES 2021), the foremost economic event of Sri Lanka, is prepared to host a line-up of contemporary dialogues under this year’s theme ‘Springboard for revival: Opportunity to reset’ on December 6 and

The Volkswagen Beetle Owners’ Club held the 24th and 25th Annual General Meeting on October 30th at the Marco Polo Room of the Excel World, Colombo under strict Covid regulations.

Lanka Impact Investing Network (LIIN) has entered into a partnership with World University Services of Canada (WUSC) to implement a two-year project to build a storytelling platform for micro, small and medium-level entrepreneurs in Sri Lanka.

CVS, one of the largest pharmacy chains in the US, is planning to close 900 shops over the next three years. That represents nearly a tenth of its outlets.

The acceptance of contactless LANKAQR payments at the manual toll collection (MTC) gates on the expressway was facilitated by the CBSL and Nations Trust Bank (NTB) through FriMi, in partnership with the Road Development Authority (RDA).

C W Mackie PLC, a highly diversified publicly listed trading company in the country, has paid a first and final dividend of Rs.7 per share (dividend payout 89 percent), amounting to Rs.251.92 million, out of the profits for the year ended on March 31

TBWA\Sri Lanka, the ‘Disruption’ company, has been awarded the title of Sri Lanka’s Agency of the Year for 2021, in Campaign Brief Asia’s creative ranking.

Unilever PLC has agreed to sell its global tea business to CVC Capital Partners for 4.5 billion euros (US $ 5.1 billion), concluding a process of reviewing and spinning off the division that took more than two years.

The Tourism Ministry announced yesterday that added measures would be taken to ease passenger congestion at Bandaranaike International Airport (BIA), Katunayaka, by deploying more public health inspectors (PHIs), an effort towards minimising the like

Access Engineering PLC reported some robust financial performance in the three months to September as the group rode on construction, infrastructure development and the real estate sector ascent which got off defying the pandemic induced challenges t

Softlogic Holdings PLC reported strong top line in the three months to September supported by its multiple business lines, helping the company return to a net profit as the group’s retail, telecommunication, healthcare, information technology and f

Oil prices slid to six-week lows yesterday as China said it was moving to release strategic reserves after a Reuters report that the United States was asking large consuming nations to consider a coordinated stockpile release to lower prices.

A surge in container shipping rates poses a threat to the global economic recovery, with small countries dependent on deliveries by sea expected to be hardest hit by a spike in import prices, U.N. agency UNCTAD said yesterday.

PGP Glass Ceylon PLC reported lower profits in the three months to September as the company saw impaired revenues in both domestic and export markets,

The government was called on by Confederation of Micro, Small and Medium Industries Sri Lanka (COSMI) to refrain from experimenting economic theories and models on the business community,

Sri Lanka’s crippled tourism sector that is struggling to stay afloat is “very disappointed” in the statement made by Finance Minister Basil Rajapaksa and feels “hammered down” by the government especially at a time when some stimulus is ne

The Cabinet of Ministers green-lighted to publish the updated version of the draft Private Data Security Bill in a gazette notification and to table it in Parliament for approval.

Industrial stocks powered Sri Lankan shares to a record closing high yesterday, a day after the main index crossed the 11,000 level for the first time.

The Cabinet cleared the path for the Sri Lanka Posts Department to secure the required office infrastructure by implementing multi-purpose projects on a public-private partnership (PPP) basis within the lands allocated for the department, while reduc

Sunshine Holdings PLC reported robust revenues and profits for the three months to September, as the conditions favoured its healthcare cluster while the agri-business benefitted from higher palm oil net sales average.

The government assured that the country has sufficient stocks of petroleum oil while cautioning that panic buying may lead to short-term shortages at fuel stations.

Flexicare Lanka, a fully-owned subsidiary of Flexicare Group, UK, has set up a state-of-the-art modern manufacturing facility in Bandaragama, with a total investment of over US $ 15 million.

Sri Lanka’s hard-hit tourism sector has received investments amounting to US $ 101 million in the last nine months, despite the COVID-19 pandemic, of which 22 projects worth of US $ 92 million have received the nod to kick off, Tourism Minister Pra

Prime Minister Mahinda Rajapaksa ceremonially opened the Kandy New Wastewater Management System yesterday in the presence of Mizukoshi Hideaki,

Reviving the ailing gem industry will help increase exports and contribute generously to the country’s dwindling dollar reserves, says Sri Lanka Gem & Jewellery Association (SLGJA).

Kapruka, Sri Lanka’s largest locally owned e-commerce enterprise with a global presence, recently welcomed two new members to its Director Board.

The upcoming Sri Lanka Economic Summit 2021will host a lineup of contemporary dialogues under this year’s theme ‘Springboard for revival: Opportunity to reset’. Day two of the event will feature a session dedicated to ‘Resetting the Export P

Recent years have seen a significant rise in the number of start-ups being established within Sri Lanka, resulting in the creation of a burgeoning sector that many of the country’s business experts regard as an essential factor that would drive the