The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) yesterday revealed that service providers are gearing up to unveil their unlimited internet packages by next week.

Softlogic Research, in its most recent publication took a very strong stance on the material sector, predicting a strong growth backed by an economic recovery and the renewable energy drive.

The lawyers appearing for senior tax professional Raja Nihal Hettiarachchi who petitioned the proposed Inland Revenue Bill on Monday made submission in court proposing amendments to the bill, so that the clauses concerned would no longer be inconsist

Sri Lanka is witnessing a slow yet steady increase in the number of international visitors entering the country, as the month of March welcomed 4,581 tourists, bringing the total number of arrivals for the first quarter to 9,629.

SANASA Development Bank PLC (SDB bank) plans to issue up to 88,000,000 new ordinary voting shares to the public, via a secondary public offering (SPO), with a view to further improve the bank’s capital adequacy ratios and to partly finance the envi

The Colombo Stock Exchange (CSE) yesterday said it had approved an application submitted by Chrissworld Limited for the listing of its ordinary voting shares by way of an offer for subscription on the Empower Board of the CSE.

South Korea’s LG Electronics Inc will wind down its loss-making mobile division after failing to find a buyer, a move that is set to make it the first major smartphone brand to completely withdraw from the market.

The board of directors of WindForce Limited has decided to allot a minimum of 42,028,125 ordinary voting shares, amounting to 20.7 percent of its Rs.3.2 billion IPO issuance, to ‘identified investors’.

Sri Lankan shares closed slightly higher yesterday, helped by gains in material and industrial stocks. The CSE All-Share Index ended up 0.34 percent at 7,217.83. The index last week posted a second straight weekly gain, rising 1.35 percent.

The hefty provisions made for possible loan defaults in 2020 are expected to decline this year amid strengthening of small businesses and higher loan growth.

Stock market regulator, the Securities and Exchange Commission (SEC) maintains that any measures towards segregating Chairman and CEO roles will only be taken after detailed discussions and broad consensus among relevant stakeholders.

Agriculture Minister Mahindananda Aluthgamage on Saturday inspected the Ambul banana cultivation produced for the export market in Anuradhapura Rajanganaya from Yaya 1 to Yaya 5 in the Anuradhapura District.

Officials from Beirut and Baghdad signed a preliminary agreement Friday that would see Lebanon trade its medical expertise for Iraqi fuel supplies, Lebanese state media reported.

The Hotels Association of Sri Lanka (THASL) yesterday issued the following message to all Sri Lankans celebrating Easter.

The proposed Inland Revenue Amendment Bill, for which the gazette was issued in mid-March to amend the Inland Revenue Act No. 24 has been challenged by a senior tax professional, and the petition is listed to be taken up for hearing at the Supreme Co

Borrowings by the State from the Central Bank and licensed commercial banks plunged in February, which could be a sign of improving government revenues by way of taxes as economic activities are increasingly becoming normalised as virus scare recedes

Banking sector return on equity (RoE), a key ratio that is used to gauge the attractiveness of the sector by investors, made an about turn in 2020 as the sector delivered robust earnings defying the pandemic-induced challenges.

Prime Land Residencies Ltd, the condominium property arm of Prime Group, recently celebrated a milestone achievement upon the completion of its 35th property project.

Microsoft India Chief Lathika Pai this week expressed confidence in Sri Lanka embracing a digital economy with the right policy set in place as the island nation is currently at an inflection point.

Making good on the proposal made in the Budget 2021, the government is gearing to introduce the ‘Special Goods and Services Tax,’ which will rationalise various taxes into one, while easing tax administration as well as collection.

Sri Lanka Tourism has been recognised for its innovative ‘Bio Bubble’ concept by the International Trade Tourismus-Börse Berlin (ITB), which is one of the largest trade shows in the world.

The Cabinet of Ministers this week approved a proposal to allocate 16 land plots in nine Industrial Estates under the Ministry Industries for investors to set up new industries.

First Capital Research (FCR) this week said foreign currency swap Sri Lanka entered with China had eased the rising bond yields, in an about turn from their previous expectations that the ascent in the yields would continue.

Credit card spending which turned a corner in December after four months of slippage in outstanding balances, continued to recover, though at snail pace, indicating that people have begun to swipe their cards, which was not allowed last year due to p

Six Sri Lankan trade unions and workers’ organisations have filed a complaint with the International Finance Corporation (IFC) of the World Bank Group, raising the issues in the due diligence and labour rights components of the Environment and Soci

Inflation in Colombo rose sharply in March compared to February, as the food prices continued their climb while the government scrambles to keep the prices of essential food items in check.

Prime Lands Group’s 100 percent-owned subsidiary Prime Lands Residencies Ltd (PLR) is gearing to raise up to Rs.1.95 billion via an initial public offering (IPO) on the Colombo Stock Exchange (CSE).

The WindForce Limited initial public offering (IPO) of Rs.3.2 billion, the largest IPO announced at the Colombo Stock Exchange (CSE) since 2011, has attracted applications amounting to a value of Rs.25.7 billion, the Colombo Stock Exchange (CSE) said

The Securities and Exchange Commission (SEC) of Sri Lanka appears determined to move ahead with segregating the roles of the chief executive officer (CEO) and chairperson being performed by the same person in the listed entities on the Colombo Stock