Melstacorp PLC reported solid top and bottom line performance for the three months ended March 2021 (4Q21) reaching pre-pandemic levels, led by Distilleries Company of Sri Lanka PLC (DCSL).

Sri Lanka’s producer prices continued to rise in mid-single digits in recent months from their year earlier levels, with those in agriculture and manufacturing industries contending with the most increases during March, though the price index slipp

Amending the export proceed conversion rule for the third time via a fresh gazette notification published last Friday (28th), the Central Bank (CB) reinstated the earlier rule of requiring exporters to convert 25 percent of repatriated proceeds with

With the onset of the pandemic and wide-scale lockdowns in many parts of South Asia in early 2020, the transshipment volumes at the Colombo Port and South Asia Gateway Terminals (SAGT) dropped sharply,

Oil and gas giant Total will be rebranded as TotalEnergies as it shifts some of its focus towards renewable energy sources.

This might sound slightly difficult to believe but it’s true. A man paid Rs.18,000 for a flight ticket and travelled as the only passenger onboard an Emirates flight from Mumbai to Dubai on May 19. Bhavesh Javeri, 40, thus enjoyed an exclusive flig

The Sri Lanka Export Development Board (EDB) is implementing an assistance scheme to enable farmers and processors in Sri Lanka to obtain organic certification as per the Sri Lanka Organic Standard - SLS 1324:2018.

Goldman Sachs said it no longer saw China as the centre of commodities pricing, reasoning the pace of demand recovery in developed markets suggested Beijing as a buyer has been crowded out by Western consumers.

Sri Lanka’s rural road network will receive an upgrade in the coming months, with the government having signed a US $ 200 million loan agreement with the Asian Development Bank (ADB), yesterday.

The borrowers affected by the expansive restrictions imposed to control the COVID-19 third wave have been granted with another round of relief, the fourth round since the outbreak of the virus in March 2020 as the Central Bank has been seeing a flood

President Gotabaya Rajapaksa has instructed the relevant officials to take steps to provide organic fertilizer required for the ‘Maha’ season to farmers without any shortage, a statement from the President’s Media Division (PMD) said.

Sales soared at Tokyo Cement Company (Lanka) PLC as the cement maker benefitted from a stronger rebound in housing and construction activities in the first quarter of 2021 which made the company to add more heft to its production.

The ban imposed on non-essential imports is likely to remain longer than it was initially anticipated as the country battles a slowing economy, with mounting job losses, loss in livelihoods and personal incomes amid spike in COVID-19 cases and result

The government has issued passes to all factories functioning in the BOI Export Processing Zones and outside to facilitate the transport of employees between the places of residence and the workplace.

Sri Lanka’s agriculture sector is slated to receive fresh impetus with the Ministry of Finance and the World Bank (WB) having signed a new grant from the European Union (EU).

The Central Bank appears to be settling for a lower private sector credit growth for the year than it earlier anticipated was possible, as the economy and its actors are beginning to feel the crunch from the ongoing extended restrictions on the econo

UK tourism is set for a slow recovery from the pandemic, with spending by holidaymakers this year expected to be just half the level of 2019.

Hambantota International Port (HIP) will partner Intertek Lanka (Pvt.) Ltd to establish a state-of-the-art petroleum-testing laboratory, which will be unique to Sri Lanka.

Neighbouring India is in the midst of conceptualising stimulus packages for the worst-hit segments of the economy, a move that would assist sectors that are heavily impacted by the pandemic to move towards a revival path.

Despite the pandemic woes, China Merchants Port (CMPort) Holdings Company Limited-managed Colombo International Container Terminal (CICT) of the Colombo Port and multi-purpose Hambantota Port continued to remain in the growth path last year.

Hemas Holdings PLC reported robust revenues and profits for the three months to March 2021 (4Q21), as the company’s performance mirrored a fast rebounding economy aided by a surging consumer spending spell.

John Keells Holdings PLC reported robust revenues and profits for the three months ended March 31, 2021 (4Q21) barring the leisure sector on a resurgent economy, as its multiple business segments reached pre-pandemic levels, while its frozen confecti

JAT Holdings, Sri Lanka’s market leader in the wood coatings sphere is gearing to raise up to Rs.2.2 billion offering 16.24 percent stake in the company through an initial public offering (IPO) on the Colombo Stock Exchange (CSE).

During a turbulent financial year that was affected by the unprecedented COVID-19 pandemic, Aitken Spence Group’s non-tourism sectors delivered the highest ever profit before tax (PBT) of Rs. 5.01 billion for the twelve months ending 31stMarch 2021

Sri Lanka’s largest private lender by assets, Commercial Bank of (Ceylon) PLC, is gearing to raise up to Rs.10 billion via a Basel III compliant listed debenture issue.

The Bangladesh Bank (BB) board this week approved in principle a draft US$200 million currency swap deal with Sri Lanka, which is struggling to maintain a moderate foreign exchange reserve.

Sri Lanka’s pandemic-hit hospitality sector is on the verge of collapse with revenue flows drying up due to the absence of tourists, The Hotels Association of Sri Lanka (THSASL) said yesterday while renewing its call for further government assistan

CIC Holdings PLC delivered strong financial performance for the three months to March 2021 (4Q21) as its multiple interests in agriculture and dairy, livestock feed, industrial, pharmaceutical, and seeds & fertilizer were best served by the condition

Prices of samba rice have risen by over 40 percent and price of coconut oil have risen by a little under 50 percent in the twelve months to May 2021 despite record paddy harvest for two years in a row, while the government banned import of palm oil.

People’s Bank filed action against ‘People’s Capital Investments & Credit (Pvt) Ltd’ at the Commercial High Courts Colombo and obtained an enjoining order on 21.05.2021 restraining the latter from using the trade name “People’s” in thei