The government has decided to select private sector investors through a competitive bidding process to implement a 100 kW solar power generation programme within next 18 months.

Sri Lanka’s manufacturing and services activities expanded at a faster pace in January, continuing the momentum regained since November last year, as the two sectors received a boost from new businesses while the prospects for future activities fur

Leading blue-chip conglomerate Aitken Spence PLC’s non-tourism multi-industry sectors reported a profit-before-tax (PBT) of Rs.1.3 billion in 3Q21, a growth of 44 percent compared to the previous year, in the midst of challenging economic condition

Diversifying its portfolio, Resus Energy PLC, a forerunner in renewable energy, operating a number of mini hydropower stations in Sri Lanka, recently connected the first of its ground-mounted solar PV plants to the national grid.

Sri Lanka’s banking sector asset quality, measured by the gross non-performing loan (NPL) ratio, fell to the lowest level seen during 2020, finishing the year with 4.9 percent, according to the Central Bank (CB) officials.

The asset quality of Sri Lanka’s non-banking financial institution (NBFI) sector worsened in 2020, with the sector’s non-performing loans (NPLs) ratio reaching 13 percent at the end of the year, following its short-lived recovery in the third qua

Diversified, export-focussed Hayleys PLC, which has a line of strong manufacturing businesses, saw its revenues during the quarter ended on December 31, 2020 (3Q21) surging while the earnings quadrupled.

The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, has approved the power purchase agreement (PPA) to build the 300 MW Kerawalapitiya liquid natural gas (LNG) power plant in Sri Lanka, under the new chairmanship a

LOLC Holdings PLC (LOLC) recorded a PAT of Rs.45 billion for the nine months ended on December 31, 2020, after adjusting for corporate tax on a PBT of Rs.48 billion.

Sri Lanka eyes to develop the West Container Terminal (WCT) of the Colombo Port with India’s Adani Group and other parties offering 85 percent stake in the terminal.

Lanka Credit and Business Finance Ltd. (LCB Finance) expects to list its shares on the Colombo Stock Exchange (CSE) shortly.

Billionaire Elon Musk’s Tesla Inc. will set up an electric-car manufacturing unit in the southern Indian state of Karnataka, according to a government document seen by Reuters on Saturday.

Lion Brewery Ceylon PLC (LION) recorded performance for the quarter ended December 31, 2020 (3Q21) although the lockdowns due to second wave of COVID-19 in early October disrupted supply chains and local consumer appetite.

Hemas Holdings PLC delivered a strong financial performance for the three months ended December 31, 2020 (3Q21), although the October lockdowns slowed some momentum in consumer business, while the group divested its leisure business during the quarte

Distilleries Company of Sri Lanka PLC continued to buffer Melstacorp PLC’s financial performance during the three months ended December 31, 2020 (3Q21), but the businesses under the diversified category, including tourism-heavy Aitken Spence Holdin

After an extremely choppy ride on Thursday, which caused much consternation among investors, the Colombo Stock Exchange (CSE) bounced back remarkably well yesterday, both indices recording sharp gains, regaining the lost ground.

Top textile manufacturer Teejay Lanka PLC has reported a profit before tax of Rs.951.8 million and a net profit of Rs.778.4 million for the third quarter of 2020-21, achieving a growth of 12 percent and 8 percent, respectively, over the corresponding

D. Samson Industries (Pvt.) Ltd, a subsidiary of DSI Samson Group (Pvt.) Ltd, enters into synthetic leather manufacturing by acquiring a state-of-the-art production facility in Katana, in the Negombo precincts, during a crucial period in which the go

The export earnings recovered in December 2020 from the brief set back from the lockdowns set in since October, due to the second wave of COVID-19, as the gradual reopening of the key export markets in Europe and the United States is boding well for

The United Nations World Food Programme (WFP) and Government of Sri Lanka welcome a funding of CAD 1 million (Rs.151 million) from Global Affairs Canada, to help smallholder farmers cultivate nutritious crops for the National School Meal Programme.

Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, has announced the resumption of regular flights between Sharjah and Colombo, starting March 2, 2021.

The Securities and Exchange Commission of Sri Lanka (SEC) together with the Colombo Stock Exchange (CSE) met the CEO’s of stockbroker firms for a discussion on the current status of the stock market yesterday afternoon.

Meanwhile, in a brief statement, the Colombo Stock Exchange said despite yesterday’s slide in market indices, the benchmark All Share Price Index (ASPI) and S&P SL20 Index continued to maintain double-digit growth rates year-to-date.

Sri Lanka ‘s participation in regional value chains (RVC) recorded stronger growth relative to global value chains (GVC) during 2015-2019, according to a latest report by the Asian Development Bank (ADB).

Sri Lanka faced no pressure from China with regard to the East Container Terminal (ECT) project, Sri Lankan Foreign Minister Dinesh Gunawardena has said. “China did not pressure us in anyway. They will not interfere in Sri Lanka’s internal affair

Singer Sri Lanka PLC witnessed strong business across nearly all of its verticals led by IT products such as smartphones and laptops as people shifted their work, education and entertainment online as new coronavirus upended people’s usual lifestyl

The Rs.1,000 daily minimum wage recently approved for plantation workers by two industry wages boards is set to face major obstacle over the next couple of weeks, as the move could also impact wages in the tea smallholder sector and privately-owned t

On top of narrow fiscal buffers and high indebtedness, COVID-19 pandemic related impacts could worsen Sri Lanka’s vulnerabilities to shifts in global sentiment, according to the Institute of International Finance (IIF), a Washington-based global As

G7 nations will consider whether to use the IMF to mobilise US$ 500 billion in aid to the world’s poorest nations to respond to the Covid-19 pandemic, a French source said yesterday.

Household consumption declines by 5% in Jan.-Sept., in comparison to 4.1% increase in 2019