Dilmah Ceylon Tea Company PLC has been selected – for the 4th consecutive year - as one of the 10 Most Admired Companies in Sri Lanka, for performance beyond convention and creating value for shareholders, customers, employees and the wider communi

Sri Lankan shares dropped more than 2 percent yesterday, hurt by weakness in financial and industrial stocks.

High net worth investor Nimal Perera was among the top 10 shareholders of Nestle Lanka PLC as at September 30, 2021, with its third largest shareholder, Norges Bank exiting the top 20-shareholder list of the company.

Bank of Ceylon (BOC) majority stake owned, public quoted Merchant Bank of Sri Lanka & Finance PLC (MBSL) achieved a significant milestone by raising Rs. 2.1 billion through a rights issue.

Tourism Minister Prasanna Rantunga said 9,545 foreign tourists visited Sri Lanka last week.

PwC yesterday presented its latest assessment of Port City’s economic impact to the Economic Commission. The assessment evaluates the potential impact of Port City Colombo across five key macroeconomic variables—employment, GDP, FDI, balance of p

Sri Lanka Telecom PLC reported stellar top and bottom line performance for the three months to September (3Q21) as the telecommunications services juggernaut was riding on the wave of demand for data and other digital services set off by the pandemic

The Sri Lanka Export Development Board (EDB) in collaboration with the Sri Lanka Embassy in China and Sri Lanka Consulate General in Shanghai has made arrangements to organise Sri Lanka’s participation at the fourth China International Import Expo

World Bank Vice President for South Asia Hartwig Schafer yesterday concluded a six-day visit to Sri Lanka, reiterating the World Bank’s commitment to support Sri Lanka’s inclusive and resilient recovery from the COVID-19 pandemic and emphasising

MTI Consulting, led by its CEO Hilmy Cader, is in Kigali this week to launch its East African operations, whilst working on nationally strategic consulting projects for Rwanda.

Following the success of last year’s budget event, Verité Research will be hosting an expert commentary on the budget speech immediately after it has been presented to Parliament on November 12.

Sri Lanka is slated to witness a boost in the number of tourists this winter season, as Poland is gearing up to contribute to the tourist traffic starting December 7.

Prime Lands Residencies PLC reported robust sales and profits for the three months to September, its second fiscal quarter, as the company is riding on the strong demand for real estate and housing.

The prices of residential lands in Sri Lanka are soaring to what appears to be unsustainable levels amid strong demand, leaving many first-time buyers by the wayside or making them wait longer before they could afford basic housing.

Cargills (Ceylon) PLC saw its revenues slip in the three months ended on September 30, 2021,

Despite the improved growing and climatic conditions, Ceylon Tea is unlikely to achieve the tea production and export targets for the year, as the industry has faced a fertiliser shortage, due to the import ban on chemical fertilisers and agrochemica

The Central Bank yesterday said the new exports proceeds conversion rule is nothing to be alarmed of, as it provides greater flexibility to the exporters of goods and services to meet all of their foreign currency expenses and other commitments befor

The first post-pandemic ‘Invest Sri Lanka’ Investor Forum organized by the Securities and Exchange Commission of Sri Lanka (SEC), Colombo Stock Exchange (CSE), in association with the Embassy of Sri Lanka in UAE and the Consulate General of Sri L

A multi-party meeting on enhancing bilateral trade between Sri Lanka and Bangladesh was held at the Export Development Board (EDB) on November 3rd, under the patronage of Trade Minister Bandula Gunawardena and High Commissioner of Bangladesh to Sri L

Supporting the viability of entrepreneurs against the backdrop of the pandemic and the challenging economic and operating environments posed by it, Dialog Axiata PLC once again powered the 2021 edition of the Venture Engine start-up acceleration prog

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

Featuring the long tradition of advocating on most vital and current economic issues, the 33rd annual session of the Sri Lankan Economic Association (SLEA) is scheduled to be held on November 12th and 13th through Zoom platform.

The Government of Sri Lanka has developed the Overarching Agricultural Policy (OAP) under the guidance of the National Planning Department and the Ministry of Agriculture with support (and funding) provided by the European Union through the Technical

Damro Group, the controlling shareholder of Agalawatte Plantations PLC (AGAL) believed to have reduced its controlling stake in the company to meet the minimum public holding requirement under the Colombo Stock Exchange (CSE) Listing Rules.

The government should focus on formulating a competitive cost structure for airlines in terms of airport charges combined with a smooth passenger handling process by capitalising on digital technology at the airport in order for Sri Lanka to position

Commercial Leasing & Finance PLC (CLC), which became an investor favourite as of late, reported strong top and bottom line performance for the three months to September as the company defied the pandemic-induced challenges to expand its loans at a mu

Tourist arrivals in Sri Lanka witnessed a leap in the month of October with over 22,000 international visitors entering the country, bringing the number of arrivals for the year so far to exceed 60,000.

Hayleys Fabric PLC reported higher revenues and profits in the company’s fiscal second quarter ended in September 2021 as the weft knit fabric maker presented its second interim report after it acquired the complementary fabric maker, South Asia Te

Credit extended to the private sector plunged in September after reaching a multi-year high in August signalling that consumers and businesses are pulling back on spending amid rising interest rates, soaring prices, shortage in liquidity and mounting

Srilal Miththapala , who has been in the forefront of advocating Sustainable Tourism Development and Ecotourism in Sri Lanka has been invited to deliver one of the key note speeches at the International Conference on Eco Tourism in Taiwan, scheduled