Laugfs Gas PLC plunged into a near billion rupee loss in the three months to June (1Q22), the second such quarter in a row, as the company was continuously denied of a price hike to reflect the rise in global LP gas prices, forcing it to absorb losse

Access Engineering PLC, the country’s premier civil engineering company, has recorded an impressive after-tax profit of Rs.550 million at company level for the quarter ended on June 30, 2021 (1Q22), up 162 percent year-on-year (YoY), despite the ch

Pan Asia Banking Corporation PLC yesterday informed the Colombo Stock Exchange that the Central Bank has extended the suspension on its primary dealer licence has been further extended by six months, from August 15, 2021.

Lion Brewery (Ceylon) PLC managed to sustain its revenue in the three months to June (1Q22), despite recording “zero sales” for 30 days, due to a month-long lockdown. The largest brewer in the country generated sales of Rs.10.6 billion in the Apr

The industrial production in June edged up from the levels seen in May but it was nowhere near the highs it reached in March, prior to the virus resurgence prompted the authorities to reimpose restrictions on the economic activities from around mid-A

The manufacturing and services activities further expanded during the month of July, though the expectations for the next three months deteriorated significantly amid the rapid spread of COVID-19 throughout the country.

In appreciation of the professional and yeoman service the Board of Directors of 1990 Suwaseriya Ambulance Service has carried out for the past three years, President Gotabaya Rajapaksa has reappointed the same Board of Directors for another three ye

K.E. D Sumanasiri assumed duties as the General Manager of Bank of Ceylon yesterday. Sumanasiri assumed duties as the 22nd General Manager of the bank at its Head Office with the presence of Chairman Kanchana Ratwatte and few other key officials.

The management of Bandaranaike Memorial International Conference Hall (BMICH) set the record straight on a message that is circulating on social media that claims the entity has been eradicating stray dogs roaming in its premises.

ICCSL in partnership with DailyFT, Daily Mirror Business, CA Sri Lanka, GPW Sri Lanka, HRCornucopia, Job Enrich, PIBT, hSenid, LearnTV and CareerMe will host a webinar to discuss ‘The Role of Education, Skills and HR for Sri Lanka’s Success’ to

Fitch Ratings last week said it no longer factors in extraordinary support into the ratings of Bank of Ceylon (BOC) and People’s Bank despite their strong State linkages, because the sovereign’s ability to provide extraordinary support is severel

Determined to have no default in debt repayment, the government shared it will turn to the underused assets under its ownership to generate the required finances to iron out what seems to be a never ending debt crisis.

Ceylon Tobacco Company PLC (CTC) saw its top line easing further in the three months to June (2Q21) from the preceding three months ended in March as cigarette volumes declined by 16 percent from the March quarter due to mobility and other restrictio

Hatton National Bank PLC (HNB) recorded robust performance for the quarter ended June 2021 (2Q21) amid strong core banking operations, while all the group companies contributed towards the consolidated performance.

The Securities and Exchange Commission of Sri Lanka (SEC) and Colombo Stock Exchange (CSE) will introduce a Delivery vs. Payment (DVP) system for stock market transactions from today.

Sampath Bank PLC saw its earnings for the quarter ended June 2021 (2Q21) surging, but the bank’s loan growth remained modest during the first half of the year.

Faizal Salieh was unanimously elected as the Chairman of The Sri Lanka Institute of Directors (SLID) for the year 2021/22 at the fully virtual Annual Membership Meeting held on August 11th.

As part of its ongoing commitment to empower the national healthcare efforts during the pandemic, Dialog Axiata PLC pledged to enhance urgently required critical care infrastructure in 18 hospitals selected by the Ministry of Health (MOH).

A novel business model called ‘Buy Now Pay Later’ was launched recently by LIRIDI Lanka (Pvt) Ltd in Sri Lanka to support micro and small businesses.

Amidst challenges stemming from global warming to social unrest, two of the country’s top professional bodies, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the CFA Society Sri Lanka have banded together to encourage corpor

The International Chamber of Commerce (ICC) recently appointed Dinal Phillips PC to serve as a member of the International Court of Arbitration for the period 2021-2024.

Expo 2020 Dubai, one of the largest and most prestigious global events of its kind originally set to take place last year, is now rescheduled to be held for a period of six months starting October 1, until March 31, 2022.

Softlogic Life recorded a superior first half performance in a pandemic-affected business landscape, posting a gross written premium (GWP) of Rs.9,183 million during the six months ending on June 30, 2021,

SLT-MOBITEL, the national ICT solutions, telecommunications and mobile services provider, recently established ‘The Embryo’, the SLT group’s pioneering research and development initiative.

Supreme TV, Sri Lanka’s latest Sinhala TV channel, has expanded islandwide, joining the fight against COVID-19’s adverse impact on the nation’s education sector.

The tourism industry stakeholders shared with the government this week proposals to take into account when amending the Tourism Act, so that the sector does not take another hit.

Unidil, the largest corrugated carton manufacturer in Sri Lanka, in yet another community support initiative has made a donation of Negative Pressure Ventilation System to the Covid Intensive Care Unit of Gampaha District Hospital at a cost of Rs. 1.

The Board of Investment (BOI) has commenced recruiting professionals from the private sector on contract basis to a newly formed specialised unit with a view to gain much-needed competitive strength against leading regional international promotion ag

Bank of Ceylon’s General Manager D.P.K. Gunasekera better known as Sugath Gunasekera to his peers in the banking industry is to retire from Bank of Ceylon upon reaching mandatory retirement age.

The debutant JAT Holding share yesterday failed to impress investors as the share closed below the issue price.