Sri Lanka’s manufacturing and services activities slowed in April, in line with the seasonal pattern but the COVID-19 third wave lockdowns and other restrictions appear to be putting a serious damper on the expectations for the next three months co

Access Engineering PLC, the foremost civil engineering company in Sri Lanka, expanded its asphalt manufacturing plant operations by opening its seventh plant in Kollankuttigama in Ganewalpola, Kekirawa recently, in order to enhance its greater effici

Inflation fears, which are already making their presence felt in the consumer and supplier markets since of late could accelerate, perhaps even prompting the Monetary Board to take its foot off from the gas pedal ending the current stimulus.

Banks have begun to receive calls and e-mails from their clients, mostly from small business owners, expressing grievances and requesting relief amid the new wave of lockdowns, as consumer traffic has waned significantly.

Revenue growth at Ceylon Tobacco Company PLC (CTC) eased during the three months ended in March 2021 (1Q21), albeit recovering from the pandemic-struck December 2020 quarter but profits remained flat.

The Central Bank (CB) plans to assign supervisory ratings for all licensed banks from October 1 onwards, under the recently finalised rating model based on the Bank Sustainability Rating Indicator (BSRI), to facilitate a risk-based supervision framew

First Capital Research (FCR) recently said the current level of the massive amount of liquidity in the money market and the Central Bank’s continued support for government finances, by way of record level of Central Bank liquidity, would keep the b

Sri Lankan government debt is leading gains in Asian dollar bonds this year as investors bet that the nation will avoid defaulting on its short-term notes, with the help of a Chinese funding facility.

While the banking sector emerged nearly unscathed from the pandemic, the less talked about insurance industry came off stronger in 2020 with almost every key performance metric in the sector doing better as the slump in claims in the general insuranc

Chevron Lubricants Lanka PLC reported stellar performance for the three months ended in March 2021 (1Q21) amid recovery in economic activities.

Chrissworld Limited will be listed on the Empower Board of the Colombo Stock Exchange (CSE) with effect from May 18 2021.

Sri Lanka Telecom PLC (SLT) delivered strong financial performance for the quarter ended in March (1Q21), sustaining the pandemic-fuelled demand for data and other telecommunication services from a year ago, as the company reported double-digit growt

The Central Bank bought US$ 62.81 million from the domestic foreign exchange market in April, as the monetary authority was making net absorptions in its quest to re-build reserves out of non-debt creating foreign currency flows.

Board of Investment (BOI) Chairman Sanjaya Mohottala yesterday stressed the need for continuing the manufacturing process as a national responsibility, despite the current COVID-19 pandemic situation in the country.

Hayleys Fabric PLC, the knit fabric maker of the Hayleys group, turned a profit for the three months ended in March 2021 (4Q21) but the performance was a moderation from the previous two quarters.

Driven by record high sales volumes and the low tax regime, Nestlé Lanka PLC, the local unit of the Swiss food giant, reported the highest earnings in the firm’s recent history for the March quarter (1Q21), despite the higher sales costs and marke

Hatton National Bank (HNB) recorded a profit after tax (PAT) of Rs.4.7 billion during the first quarter of 2021, while the profit before income tax (PBT) amounted to Rs.5.5 billion. At group level, PBT and PAT were at Rs.5.9 billion and Rs.4.8 billio

National Development Bank PLC (NDB) achieved sustained results for the first quarter ended on March 31, 2021, amidst challenging conditions.

President Gotabaya Rajapaksa has said his government stands ready to purchase paddy for higher prices than the guaranteed prices if there is any reduction in the yield due to use of organic fertilizer.

The Hambantota International Port has seen a significant increase in their RORO figures during the first four months of 2021, compared to the corresponding period last year.

Relatively low global oil prices and the resurgence seen in economic activities in the first three months of 2021 helped Lanka IOC PLC to deliver a profit in the period ended in March

Commercial Bank of Ceylon PLC reported sound performance for the three months ended in March 2021 (1Q21) as demand for loans gained pace while the company improved its margin amid the fast descent in interest rates.

Sampath Bank PLC delivered some robust profits for the three months ended in March 2021 (1Q21) as the bank saw its credit quality improving, resulting in much lower impairments than what it provided a year ago and opened its lending spigots generatin

The Cabinet of Ministers has decided to exempt the cess tax charged on imports for projects or companies with an investment value of US$ 50 million or above as part of the government’s myriad measures to incentivise investments into the country.

The local tourism sector will have to grapple with stronger health guidelines with immediate effect with the Ministry of Health (MoH) imposing tightened quarantine measures for all international travellers entering Sri Lanka.

Dialog Axiata PLC reported a surge in both bottom and top lines during the quarter ended March 31, 2021 (1Q21) as many took to digitally powered devices ranging from smartphones and laptops as the pandemic upended how people work, study, shop, conduc

Hayleys Group’s city hotel, The Kingsbury PLC, saw its losses widening during the period ended in March 2021 (4Q21), demonstrating the severe impact of COVID-19 virus on the leisure and hospitality sector.

NDB’s recently concluded rights issue to raise Rs.8 billion in Tier I capital saw keen demand from investors with over 61 million rights changing hands prior to the last rights acceptance date.

The Cabinet of Ministers has approved a proposal to prepare a new masterplan for the Muthurajawela wetland area and to consequently declare it as a Ramsar wetland of international importance.