Outstanding balance of credit cards has continued its descent through June in a reflection of the extent to which consumer spending on general shopping to durable goods to broader services activities have shrunk after the fresh restrictions on travel

The Cabinet of Ministers this week reached a decision to remove all import taxes on milk powder to resume milk power imports to the country while maintaining the controlled prices unchanged in the local market.

Sea Horse Yachts (Pvt.) Ltd (SHY) recently entered into an agreement with Hambantota International Port Group (HIPG) to set up a state-of-the-art yacht building facility at the port.

DIMO, one of Sri Lanka’s leading conglomerates, has achieved another significant milestone on the international stage by securing a project for the supply, installation and maintenance of elevators, escalators and moving walks at Velana Internation

Military to Corporate (M2C) Entrepreneurship Capsule, the second batch of 24 serving officers, comprising 12 Major Generals, three Brigadiers, four Rear Admirals and five Commodores/Air Commodores, took the salute in a fitting finale before sunset at

National Development Bank PLC (NDB) aims at joining the trillion-rupee asset club in the next five years, with the lender turning more aggressive in loan disbursements on the back of strong capital buffers and liquidity after nearly Rs.10 billion in

Saudi Arabian energy giant Aramco has seen its profits jump almost four times boosted by a rise in oil prices as demand recovers.

Dialog Axiata PLC reported some robust financial performance for the three months ended in June (2Q21), as the virus-related restrictions forced people and businesses to rely heavily on data, voice and other digital services offered by the company to

British national of Sri Lankan descent, Daisy Veerasingham has been named by The Associated Press (AP) as its new President and CEO, who will take on the role from January 1, 2022.

Sri Lanka’s insurance industry emerged stronger in 2020, receiving a tailwind from the pandemic-induced conditions, as life insurance premiums rose the most in recent years while the general insurers ended up recording higher profits supported by t

Sri Lanka’s tourism sector that is harshly hit due to the outbreak of the COVID-19 pandemic has attracted over US $ 950 million worth of investments in the last 15 months, the Sri Lanka Tourism Development Authority (SLTDA) said.

New opportunities are opening up for Sri Lanka’s boat building industry, as the demand for boats for fishing, industrial, commercial and leisure purposes worldwide, regionally and locally are on the rise, EDB Chairman Suresh de Mel said.

As a proactive measure to address any issues or grievances faced by any of the microfinance clients, the Lanka Microfinance Practitioners’ Association (LMFPA), in consultation with the State Ministry of Samurdhi, Household Economy,

The United Nations World Food Programme (WFP) is supporting the Government of Sri Lanka with food items and funding to provide school children with take-home rations in lieu of in-school meals.

The gain in land prices in the Colombo district accelerated during the first half of the year, bucking a decelerating trend that lasted for two years, in a reflection that land prices are being gradually bid up with the rising demand caused by re-inv

Sunshine Holdings PLC reported robust sales in the three months to June (1Q22) powered by its expansive interests into healthcare, consumer goods and agri businesses, but the company is concerned that the recent ban on chemical fertilizer could have

Filing its first set of consolidated interim financial statements for the three months ending June since acquiring South Asia Textiles Limited, Hayleys Fabric PLC doubled its revenues and nearly tripled its earnings in a sign that the combined entity

Cargills (Ceylon) PLC maintained its revenues during the three months ended in June, largely unchanged from the previous three months, but significantly up from a year ago when the virus related lockdowns forced businesses to remain shuttered and peo

DFCC Bank PLC accelerated its loan growth in the three months ended in June (2Q21), but uncertainties related to the virus resurgence prompted the bank to set aside higher provisions for possible loan defaults while the other expenses rose as the ban

The Sri Lanka@100 platform announced the selection of six high-potential, mid-market firms to receive cutting-edge business advisory services to accelerate their growth.

Advantis 3PL Plus, a member of the Hayleys Advantis Group, set yet another benchmark in the logistics sector by becoming the only Sri Lankan company to obtain the UKAS accredited ISO 22000:2018 certification in food safety management in the ‘storag

A renowned team from Switzerland who are widely regarded as experts on organic agriculture met with Minister of Plantation Dr. Ramesh Pathirana and Secretary to the Ministry of Plantation Ravindra Hewavitharana on August 06th.

The organizers of the Most Admired Companies Award - The Chartered Institute of Management Accountants (CIMA) and The International Chamber of Commerce Sri Lanka (ICCSL) are delighted to have AIA Insurance on board as the Platinum Sponsor.

Facebook has announced that Facebook Marketplace is now available in Sri Lanka, making it easier for people to discover, buy and sell items from others in their local communities.

Access Engineering PLC (AEL), Sri Lanka’s foremost civil engineering and construction enterprise, completed the construction of phase 1B at the Nanotechnology and Science Park, in Pitipana North, Homagama, recently.

Amazon has told its US corporate staff not to return to the office until next year as COVID continues to spread.

India has introduced a bill in its lower house to scrap a controversial 2012 law that retrospectively levied capital gains tax on companies for the indirect transfer of their Indian assets.

D P Global Ventures (DPGV), the agricultural wing of David Pieris Group of Companies, recently concluded its first export consignment to the Russian market.

The Sri Lanka Export Development Board (EDB) is collaborating with the Ceylon Chamber of Commerce (CCC) and United States Agency for International Development (USAID)-supported Partnership for Accelerating Results in Trade, National Expenditure and R