Guardian Capital Partners PLC (GCP) and its immediate parent Ceylon Guardian Investment Trust PLC (CGIT) — units of Carson Cumberbatch Group — yesterday said they had entered into a share sale and purchase agreement (SSPA) with Gazelle Asset Mana

Access Engineering PLC yesterday announced the appointment of Shamal Joseph Shavindra Perera to its board, as a Non-Executive Director, with immediate effect.

The Sri Lanka Tourism Promotion Bureau (SLTPB) has embarked on a fresh initiative to promote the island nation’s wildlife on a virtual platform.

The foreigners who will invest in rupee bonds will get a forex risk cover up to two years from the Central Bank, as the government is working towards wooing dollar investments into Treasury bills and bonds, in a bid to lessen the reliance on commerci

Sri Lanka’s raw rubber prices, which remained depressed for many years, could see a rebound from the current import controls in place for rubber-based products, enhancing prospects for plantation companies and smallholders alike.

The tourist accommodation owners, who have registered with the Sri Lanka Tourism Development Authority (SLTDA), will be given the opportunity to pay their electricity and water bills in instalments, beginning from September 1, 2020, Tourism Minister

Sri Lanka is targeting an economic growth of one percent, end of this year, as such a rate would push the country to the path of recovery, Money, Capital Markets and State Enterprise Reforms State Minister Ajith Nivard Cabraal told Parliament yesterd

The wages of the private sector gained in July led by the agriculture and services sectors, defying the expectations that the coronavirus-related economic damage could leave jobs and wages depressed for a prolonged period.

Distilleries Company of Sri Lanka PLC (DCSL), the country’s largest distiller with 60 percent market share in the alcoholic beverage market, reported revenues of Rs.14.6 billion for the April-June quarter (1Q21), compared to Rs.20.05 billion in the

The prime lending rate or the rate at which loans to prime customers of banks are priced, touched its lowest level last week, breaking its previous lowest five years ago.

The Securities and Exchange Commission of Sri Lanka (SEC) and Colombo Stock Exchange (CSE) have entered into a memorandum of understanding (MoU) with the commissioner general, Department for Registration of Persons (DRP), to obtain digital verificati

Indra Traders (Pvt.) Ltd has partnered John Keells Hotels PLC to build a 160-room, three-star, lean luxury hotel in Kandy, with an investment of US $ 29.32 million.

Tea production in August fell 14 percent, compared to the corresponding month of the previous year, according to a leading Colombo-based tea brokerage.

The motorbike and three-wheeler tyre manufacturers in Sri Lanka have stated that there is no shortage of motorbike and three-wheeler tyres in the local market and therefore there is no need to import any.

The committee appointed to look into the malpractices that were said to have taken place in state-owned banks under the previous regime, has received over 100 complaints, according to a Finance Ministry communiqué.

The financial performance at Colombo Dockyard PLC (DOCK) soured during the three months to June, as the firm’s shipbuilding operations significantly slowed amid the COVID-19 pandemic but the ship repairing business held up, albeit weaker compared t

Massive sums of allegedly dirty money have flowed for years through some of the world’s largest banking institutions, said an international journalism investigation published Sunday, which denounced shortcomings in sector regulations.

Foreigners, who stayed away from rupee denominated government securities for months, have finally returned with some heavy buying.

Despite COVID-19 related disruptions, Sri Lanka’s apex investment promotion body, Board of Investment (BOI) said it has approved agreements worth US$ 1.5 billion in the first nine months of this year.

Privately owned Raddella Holdings recently began the construction of Sri Lanka’s first and only biotech insulin manufacturing plant.

The big three listed poultry industry firms, Ceylon Grain Elevators, Three Acre Farms and Bairaha Farms are expected to have a bounty earnings season for the three months through September and possibly a higher market share as they have received a wi

The outstanding balance of total credit cards in Sri Lanka continued to add on during July, though at a slower pace compared to the previous month, implying that consumer spending continued to recover from their lows reached during April and May.

Persons employed in the broader agriculture sector have expanded from the first quarter of 2019 through the first quarter of 2020 amid a shrinking labour force, defying expectations that more people are migrating into industrial and service-oriented

Under the guidance of the Ministry of Tourism, Sri Lanka Tourism Development Authority and the Department of Trade Commerce and Tourism of Central Provincial Council have organized a three-day special programme and several other events to celebrate t

At the e-auction held on September 15th & 16th, an all-time record price of Rs.760 was recorded for a BM grade manufactured by Mahesland Tea Factory.

European Central Bank President Christine Lagarde said yesterday that there are still too few women in top jobs, and that the coronavirus pandemic has exacerbated the problem.

Ogilvy Digital of the Phoenix Ogilvy Group Sri Lanka won big at Sri Lanka’s pioneering web design competition, BestWeb.lk 2020, walking away with a tally of four awards in total.

The Commonwealth Enterprise and Investment Council (CWEIC) announced this month the appointment of Niro Cooke to its Board. Cooke, a Sri Lankan professional, is at present the youngest Board member appointed to the statutory board of the CWEIC.

Apple will launch its first online store in India next week, the Silicon Valley giant said yesterday, hoping to cash in on the country’s festive season and grow its tiny share of the booming market.

Asian and European markets traded mixed yesterday with investors anxious over the reimposition of coronavirus restrictions, the stuttering global economic recovery, and US lawmakers’ failure to agree on new stimulus.