Aitken Spence PLC reported an impressive growth of 388 percent from its earnings before interest expense, tax, depreciation and amortisation (EBITDA) of Rs. 2.9 billion compared to Rs. 595 million in the 2Q of the previous year.

Hambantota International Port Group (HIPG) and the Board of Investment of Sri Lanka (BOI) signed a cooperative ‘Shared User Services’ Memorandum of Understanding (MoU) on October 26th.

Open-source technology provider WSO2 announced that the company has closed US $ 90 million in financing from client vehicles advised by Goldman Sachs Asset Management Private Credit.

The management of Tokyo Cement Company (Lanka) PLC recently laid the foundation for a factory expansion project in Trincomalee, to increase its manufacturing capacity by a further one million MT.

As Sri Lanka continues to fall short in fetching tax revenues, the government yesterday announced several measures to firm up the tax administration.

The government plans to initiate talks with foreign parties to obtain green bond financing facilities to fund green ongoing projects, to meet the country’s climate commitments and to achieve the Sustainable Development Goals.

Finance Minister Basil Rajapaksa yesterday revealed the plans to recover Rs.8.5 billion from the alleged perpetrator of the bond scam, Perpetual Treasuries, via a budget proposal.

The Special Goods and Services Tax (GST), which was in the budget last year but wasn’t enforced due to the economic downturn caused by the virus resurgence, is set to come into force from January next year.

Eyeing a Rs.254 billion boost in the tax income, the government yesterday proposed to levy a one-off 25 percent surcharge on large companies, 3 percent increment on VAT charged on banks and financial services providers and a new social security levy

Honourable Speaker, 1.1 I present today the 76th Budget of the independent Sri Lanka. This is the second budget of the government of His Excellency the President Gotabaya Rajapaksa and my maiden budget speech as the Minister of Finance. Honourable

Sri Lanka’s MAS Holdings yesterday announced that one of its subsidiaries, MAS Brands, which owns and operates the retail lingerie business under the brand amanté, was acquired by Reliance Retail Ventures Limited, a subsidiary of India’s Ambani-

The pandemic related restrictions in place during the second half of the quarter ended in September (3Q21) had a substantial bearing on both revenues and profits of Ceylon Tobacco Company PLC (CTC), the interim financial accounts released to the Colo

which has interests in retail, food & beverage manufacturing and distribution and restaurant sectors, announced a group restructuring exercise yesterday.

Nations Trust Bank PLC (NTB) reported higher profits in the three months to September as the bank gained its momentum in new loans defying the economic challenges came about from the virus related lockdowns, which lasted for nearly half of the quarte

With increasing global demand for specialty tyres, GRI continues its expansion drive by increasing its manufacturing capacity.

Sri Lankan shares hit fresh record highs at close yesterday, helped by gains in financial and consumer stocks.

The Colombo Stock Exchange (CSE) has decided to push back the proposed listing of Laugfs Gas PLC’s former subsidiary Laugfs Eco Sri Limited until the legal battle between the company and Commissioner of Motor Traffic (DMT) is finalised.

In an effort to break the vicious cycle stemming from the COVID-19 pandemic that can result in further scarring on businesses and households in the near term, the Central Bank of Sri Lanka (CBSL) yesterday asserted it is imperative for the government

Dipped Products PLC’s profits declined in the three months to September, ending more than a year-long streak of robust top and bottom line performances set off at the initial stage of the pandemic, as the supply returned with the capacity expansion

Capital Alliance Limited (CAL) has announced its intentions to list on the Colombo Stock Exchange, by way of an equity initial public offering (IPO). It will be the first standalone non-bank primary dealer to debut on the CSE.

Lion Brewery (Ceylon) PLC (LION) reported subdued financial performance for the three months to September (2Q22), as the beer maker had to contend with the prolonged lockdowns, which erased nearly a month-long sales amid the soaring commodities price

Teejay Lanka PLC has built on its robust first quarter performance in the second quarter of 2021-22, helped by strong demand for fabric from strategic customers, due to the changing dynamics of the global market, increased capacities and depreciation

Taprobane Seafoods, Sri Lanka’s largest and most integrated seafood company, yesterday announced its partnership with Atman Group.

Hatch in collaboration with the US Department of State recently announced ‘AccelerateHER‘, Sri Lanka’s first accelerator programme for female founders and a gender-based awareness-raising initiative, aimed at developing women entrepreneurs with

The Ceylon Chamber of Commerce will organise a virtual session on Analysing the National Budget 2022 on November 15, starting at 9:30 a.m.

LOLC has been listed amongst the LMD ‘Hall of Fame’ of the Most Respected Entities for 2021. The award was recently presented to LOLC Group Managing Director/CEO, Kapila Jayawardena by Hiran Hewavisenti, Editor-In-Chief of LMD. The globally dive

The 11th of November 2021 is nearly upon us and with it, the biggest one-day sale of the year, hosted by Daraz is back! This fast-growing e-commerce platform consistently proves its efficiency in catering to customers across the country and the 11.11

SLT-Mobitel signed a Memorandum of Understanding with The Creative Isle (Pvt) Limited (TCI) recently to create a virtual interactive marketplace for micro and small-scale entrepreneurs.

On October 21st, Lyceum International schools took another step ahead by opening a whole new space for education for Pre-Primary level Lyceumers in Kegalle.

The youngest brand in Sri Lanka’s modern trade fraternity, Softlogic Glomark won big at 2021 Retail Asia Awards recently, winning the ‘Supermarket of the Year – Sri Lanka’ and ‘Digital Innovation of the Year – Sri Lanka’ awards for revo