Janashakthi PLC has announced plans to raise Rs.2.0 billion via an unlisted corporate debenture as the company seeks to refinance its debt.

The Sri Lanka Telecom (SLT) group yesterday welcomed the Telecommunications and Regulatory Commission’s (TRC) progressive move to introduce number portability to Sri Lanka while lauding TRC Director General Oshada Senanayake and his team for their

The on-going financial year (FY20/21) will be the most challenging one yet, particularly for those engaged in the manufacturing of soy-based food products as the prices of soy beans in processed form are expected to surge.

The country’s largest mobile telecommunication services provider, Dialog Axiata PLC, yesterday welcomed Telecommunication Regulatory Commission of Sri Lanka’s (TRCSL) decision to take initial steps towards implementing number portability in Sri L

Sri Lanka’s oil palm industry plans to meet President Gotabaya Rajapaksa to discuss the industry’s future with expectations for a fair hearing and relief amid the recent policy announcement to completely ban the plantation of oil palm in the cou

The growth in land values in the Colombo district fell below 10 percent for the first time in years, decelerating to 7.1 percent year-on-year (YoY) in the first half of the year from 10.8 percent recorded in the second half of 2019, according to the

Although the outstanding private credit showed a slight contraction, the disbursements of new loans starting from July showed a rapid acceleration, reaching beyond the pre-pandemic levels pointing to expansion in the economy.

The proxy rate for small and medium-sized enterprise (SME) loans fell by the most during July, indicating that the interest rates for small businesses are now easing faster than earlier, while also moving in tandem with the rates offered for their la

The Central Bank (CB) is considering liquidity support for four troubled non-bank financial institutions (NBIFs) in the country while mulling on a plan to promote consolidation within the sector, targeting mid to long-term sustainability of NBIFs.

In a disclosure to the Colombo Stock Exchange (CSE), the board of MTD Walkers PLC yesterday informed that Lakma Holdings (Pvt.) Ltd led by Dr. Arosha Fernando has signed a share sale and purchase agreement to acquire 90 percent of the shareholding of

The Telecommunication Regulatory Commission of Sri Lanka (TRCSL) yesterday said it is initiating preliminary measures to implement number portability in Sri Lanka.

The Palm Oil Industry Association (POIA) yesterday said in a statement that while it respects the decisions relating to the industry contained in the policy statement of President Gotabaya Rajapaksa, it trusts that a pragmatic solution would be provi

Sri Lankan tyre dealers, traders and buyers are faced with a looming tyre scarcity in the country, owing to the prevailing restrictions on importation.

Banking sector non-performing loans (NPLs) received some respite in June as the ratio fell to 5.4 percent after reaching a six-year high of 5.6 percent in May, but the provisional data for July pointed to a slight uptick again.

State Minister of Mahaweli Zones, Waterways, Settlements and Public Infrastructure Development, Siripala Gamlath stated that his sole aim is to turn the Mahaweli zones into fulltime worksites and extend support to strengthen the national economy.

The Central Bank is currently in discussions with the Department of Census and Statistics (DCS) to arrive at mutually agreeable ways on the calculation of national economic data after the latter surprised the country and the Central Bank by reporting

Sri Lanka’s headline inflation measured by the National Consumer Price Index (NCPO) rose 6.1 percent in the 12-months to July, recording a deceleration from 6.3 percent in the month earlier mainly due to a statistical effect of the high base prevai

The Central Bank has extended the application deadline for loans under the Saubhagya refinance facility to provide concessionary working capital loans to those affected by the pandemic, from August 31 to September 30, as the scheme has more funds to

The Advocata Institute has commended the decision taken by the Department of Census and Statistics (DCS) to launch an e-registry portal to register unregistered and registered businesses in Sri Lanka.

Hopes for a vaccine helped push equities higher yesterday following another tech-inspired record on Wall Street, with investors brushing off a surprisingly weak US jobs report, though optimism remains checked by the spreading virus and the US stimulu

The Indian CEO Forum said the people on August 5 have given a resounding mandate for President Gotabaya Rajapaksa, Prime Minister Mahinda Rajapaksa and the Sri Lanka Podujana Peramuna to steer the country for growth and development over politics.

The second group of 87 Sri Lankans, who were stranded in various cities in Thailand due to the COVID-19 pandemic situation, was repatriated to Sri Lanka from Bangkok-Thailand yesterday (21), via a special SriLankan Airlines charter flight UL 403, org

The Travel Agents Association of Sri Lanka (TAASL) in a statement yesterday congratulated the new Prime Minister Mahinda Rajapaksa and the Sri Lanka Podujana Peramuna for the victory obtained during the general election held on August 5.

Acorn Group encompasses multiple businesses and leading international brands in the Travel and Aviation industry.

The NCE has partnered with Bureau Veritas Lanka (Pvt) Ltd to provide ‘Cov-Safe’ certification which has international recognition.

Trade Minister Bandula Gunawardena made his inaugural visit to the Sri Lanka Export Development Board (EDB) recently since assuming office and met the key officials of the institution.

Sri Lanka will halt the cultivation of oil palm in the country, while giving assistance to grow coconut in new areas, President Gotabaya Rajapaksa said in his address to the newly elected parliament.

Following the announcement of a withdrawal from issuing rating reports on Kotagala Plantations PLC in July, Fitch Ratings yesterday said it would continue the coverage on the plantation firm until further notice.

With a view of strengthening the execution of Sri Lanka’s digital roadmap, three new strategic appointments have been made to the board of the Information Communication Technology Agency of Sri Lanka (ICTA).

Airtel Lanka yesterday announced the appointment of Ashish Chandra as Chief Executive Officer and Managing Director.