Diversified conglomerate Sunshine Holdings reported resilient growth in top and bottom line performances during the first nine months of the current financial year (9MFY21), with strong contributions kicking in from healthcare, agribusiness and consu

As Sri Lanka celebrated its 73rd Independence Day, some people in Colombo enjoyed the mid-week holiday at Galle Face after spending much of their time indoors for the last few months due to COVID-19. The picture shows kite vendors, who couldn’t d

The container throughput at Port of Colombo declined by 4.7 percent year-on-year (YoY) to 6.85 million TEUs in 2020 due to pandemic-related effects, Sri Lanka’s Port Authority (SLPA) data showed.

Coconut exports, mainly led by fiber and kernel-based products are on a tear as markets around the world are demanding Sri Lanka-grown coconut-based products due to their higher quality while local manufacturers have stepped up their efforts to meet

Sri Lanka’s wages measured by wage rate indices for the public sector as well as the informal private sector have continued their climb unabated while the inflation decelerated, leaving real wages positive.

Sampath Bank PLC this week announced plans to issue BASEL III-compliant bonds to raise capital in order to stay above the minimum capital adequacy levels stipulated by the BASEL III regulations and also in view of the envisaged growth in loans as the

Stock market operator, the Colombo Stock Exchange (CSE) in a letter on Wednesday clarified that the request for weekly reports on specific stocks from brokering firms was a mere routine exercise and by no means was intended towards disrupting the mar

Labour Minister Nimal Siripala de Silva has directed the Sri Lanka Bureau of Foreign Employment (SLBFE) to set up nine provincial quarantine centres, with the assistance of the COVID-19 Task Force, to expedite the repatriation of some 30,000 Sri Lank

ransport Association (IATA) yesterday announced the full-year global passenger traffic results for 2020, showing that the demand (revenue passenger kilometres or RPKs) fell by 65.9 percent compared to the full year of 2019, by far the sharpest traffi

The listed, rated, unsecured, senior, redeemable debenture issue of First Capital Holdings PLC, with a tenure of five years, was successfully oversubscribed on the opening day, February 1, 2021.

The Cabinet of Ministers this week gave its nod to amend the Industrial Disputes Act, to expedite the procedure of disciplinary inquiries or interdictions against the private sector employees.

The government has decided to withdraw an order issued by a gazette on February 2, under the Imports and Exports (Control) Act, which allowed the importation of ceramic tiles, certain bath ware and toilet articles on 180-day credit.

Adding to a growing portfolio of prestigious projects across the island, Schindler was recently awarded the contract to supply six high-speed elevators to Amari Colombo Hotel, currently under construction in the Kollupitiya commercial district of the

Sanasa Development Bank PLC (SDB bank) yesterday said they have received a US$ 40 million commitment from U.S. International Development Finance Corporation (DFC), subject to regulatory approval.

The Cabinet of Ministers has endorsed a move by the State-run Ceylon Petroleum Corporation (CPC) to re-enter the bunkering business to supply bunker fuel to ships at competitive prices.

The Cabinet of Ministers this week approved a proposal to operate the East Container Terminal (ECT) of the Colombo Port as a wholly owned container terminal of State-run Sri Lanka Ports Authority (SLPA), shifting away from an earlier position to oper

The Cabinet of Ministers this week approved a resolution to move forward with necessary measures to conduct the Annual Summit of the Asian Development Bank (ADB) in May next year in Colombo.

In an effort to promote commercial production of maize, the Cabinet of Ministers has granted approval to lease 2,750 acres of underutilised lands identified in the Rambakenoya zone coming under Sri Lanka Mahaweli Authority to recognised local investo

The Cabinet of Ministers has approved a proposal to select an investor to manufacture 100 railway passenger coaches locally to meet the existing demand.

The Organisation of Professional Associations of Sri Lanka (OPA), the apex body of 52 professional associations in the country, covering 32 diverse professions, has requested President Gotabaya Rajapaksa in a letter to utilise local expertise and fun

Dr. Indrajit Coomaraswamy has been appointed as an Independent Non-Executive Director on the board of Dialog Axiata PLC, with effect from February 1, 2021.

BPPL Holdings PLC, Sri Lanka’s largest brush ware maker and an exporter, ploughed ahead during the three months to December 2020 (3Q21), after experiencing some setbacks from the new restrictions stemming from the second wave of COVID-19, in early

The decline observed in the credit card spend, as measured through the outstanding credit card balance, continued through November 2020, as spending options exhausted with the returning of restrictions on mobility and other leisure and entertainment

Women entrepreneurs in South Asia stressed the need for improved regional integration to support their businesses, so that the existing potential for cross-border trade can be realised in a more effective manner.

The Colombo Stock Exchange (CSE) recorded the second highest turnover yesterday in its history amid increased local investor activity, though both indices ended in red, due to price declines in several key counters.

Apparel trade between Sri Lanka and China is slated to receive fresh boost with the two nations having entered into a Memorandum of Understanding (MoU) to uplift the sector that was severely impacted by the COVID-19 pandemic.

Sri Lanka’s largest mixed development, Cinnamon Life, announced another major milestone in its journey to completion with the securing of a Certificate of Conformity (COC) for the project’s office and ‘The Suites’ residential towers.

Elevated air freight rates and the gradual returning of regular trade volumes towards the end of 2020 lifted financial performance of Expolanka Holdings PLC during the three months to December 31, 2020 (3Q21), which helped the logistics behemoth to d

As Sri Lanka opens its doors to the world once again, People’s Insurance, a part of Sri Lanka’s largest financial services groups has entered into an agreement with Sri Lanka Tourism to be the exclusive insurance provider for all inbound tourists

Lanka IOC PLC’s top line languished during the three months ended December 31, 2020 (3Q21) amid new restrictions on mobility with the outbreak of COVID-19 second wave in the country in early October and other economic activities, in comparison to t