Bolt, the leading European transportation platform committed to make urban travel easier, quicker and more reliable yesterday announced its entry to the Sri Lankan market.

Sri Lanka’s hospitality sector recently saw the addition of a new luxury property to its portfolio with DoubleTree by Hilton opening the first phase of Weerawila Rajawarna Resort.

Sri Lanka’s MAS Holdings put the island nation under fresh spotlight once again by receiving the ‘most influential’ innovators award in South and South East Asia by Clarivate, a global leader in providing solutions to accelerate the innovation

The Asian Development Bank (ADB) has allocated US$ 220 million worth of funds to build Sri Lanka’s health system capacity and resilience under the recently unveiled country operations business plan (COBP) for 2021–2023.

The controlling shareholder of leading manufacturer of bituminous products Industrial Asphalts (Ceylon) PLC (ASPH), G. Ramanan has not subscribed for the company’s recent rights issue concluded in September.

The country’s inbound tour operators yesterday expressed concerns over the government’s move to amend the Tourism Act, which would eventually lead to the private sector players having no involvement in influencing or taking part in the industry d

The government eyes US$ 2.4 billion potential increase in official worker remittance inflows per annum as COVID-19 pandemic disrupts the operations of informal and illegal remittance channels forcing Sri Lankan migrant workers rely solely on official

The budget proposal to effect consolidation in the highly fragmented finance and leasing company (FLC) sector is expected to spark a wave of mergers and acquisitions (M&A) during the next two years, as the government proposed to give tax credit to th

Lion Brewery (Ceylon) PLC returned to its peak performance in the three months ended in September (2Q21), predominantly cushioned by robust exports and partly by increased domestic consumption, despite the absence of a tourism sector running at full

As Sri Lanka is gearing up to witness the establishment of an industrial zone dedicated to pharmaceutical manufacturing, the Board of Investment (BOI) expressed confidence in the sector paving the way for export earnings to leapfrog in the near futur

Defying the odds, Bank of Ceylon (BOC) registered a growth of 25 percent in its loan book in the nine months to September— most in the recent past— reflecting that the bank has been witnessing pandemic-fuelled growth sparked by low interest rates

Hot on the heels of selling an equity-like bond to raise Rs.5.0 billion a few months ago, Bank of Ceylon (BOC) once again is offering a similar featured bond to raise another Rs.10.0 billion to bolster its capital.

The Ministry of Agriculture has agreed to provide 5,000 acres of State land to Avant Agro (Pvt) Ltd., a subsidiary of Avant Garde Maritime Services (Pvt) Ltd headed by Major (Retd) Nissanka Senadhipathi, to cultivate maize, a statement issued to medi

Two transshipment feeder vessels, which were idling at the Colombo Port anchorage for approximately seven days due to increased congestion, called at the Hambantota International Port (HIP) last week.

Rigid Tyre Corporation (Pvt) Ltd built with an investment of US$ 250 million is slated for opening in mid-January 2021.

The Central Bank on Saturday said one of its employees tested positive for COVID-19 on November 19.

Two recent surveys released by Facebook revealed how both Small and Medium Businesses (SMBs), as well as consumers in Sri Lanka, have increased their use of digital tools and social media since the COVID-19 outbreak.

As from today (November 21), travellers from Sri Lanka will no longer be required to self-isolate on arrival in England, Wales and Northern Ireland.

The President of the European Commission Ursula von der Leyen said yesterday there had been better progress in recent talks on a post-Brexit trade deal, but more work is needed.

General Motors said Thursday it will boost investment in electric and autonomous vehicle technology by US$ 7 billion through mid-decade as it accelerates a technology race with Tesla and other automakers.

Qatar has marketed its opulent skyscraper hotels as jewels in its World Cup 2022 crown, but coronavirus curbs and a glut in new properties are jeopardising the industry.

The airline industry holds its annual gathering by video conference next week under the shadow of the COVID-19 pandemic that has plunged the sector into a crisis that may yet claim more carriers.

Asian and European markets were mixed yesterday as traders were caught between long-term optimism over a virus vaccine and the immediate horror of surging virus infections and deaths across the world.

Saudi Arabia announced it will invest US$ 20 billion in artificial intelligence projects by 2030, as the oil-rich country seeks to diversify its economy amid slumping crude prices.

Pawning or gold-backed loans offered by commercial banks have increased by only Rs.30 billion from Rs.211 billion to Rs.241 billion through the January-September period contrary to reports that this loan stock has soared over Rs.600 billion.

The Colombo Stock Exchange (CSE) yesterday witnessed net foreign buying may be after at least a couple of months, although the market indices closed in the negative territory.

The Sri Lanka Automotive Component Manufacturers’ Association (SLACMA) yesterday welcomed the Budget 2021 describing it as a ‘new era for local automotive component manufacturers’.

Laxapana Batteries PLC yesterday announced plans to raise Rs.540 million via a rights issue to fund its plans to enter the country’s growing renewable energy sector within next 18 months.

Sri Lanka’s largest locally owned cement manufacturer, Tokyo Cement PLC yesterday revealed plans to expand its capacity by one million metric tonnes per year at an investment of US$ 12 million.

The European Union (EU) yesterday expressed its displeasure over Sri Lanka continuing to impose restrictions on imports stressing that trade is “not a one-way street”.