A special programme to export local vegetables and fruits has been launched through the Mattala Rajapaksa International Airport (MRIA).

Hatton National Bank PLC (HNB) reported subdued performance for the three months ended June 30 (2Q20) as the pandemic brought the growth in new loans to a standstill while the bank had to forgo income on loans provided with payment holidays amid mass

Gradual recovery in healthcare and domestic consumer segments of Hemas group helped to soften the impact stemming from the pandemic as its logistics and marine sector suffered a big volume slump while the pandemic nearly decimated its leisure sector,

Uncertainties in the country’s tax framework over the last year have hindered progress in the local motor trade industry, where the ad-hoc policies have directly impacted the core business models of the sector, automobile entity United Motors PLC s

In the wake of the Port of Beirut explosions which devastated many parts of Lebanon’s capital city, Emirates is standing with Lebanon to provide critical emergency relief and aid to the hundreds of thousands of people affected by the blasts.

Asian markets drifted yesterday as investors grew increasingly concerned about the stalemate in Washington on a new stimulus for the world’s top economy.

The Sri Lanka Banks Association (SLBA) representing all licensed banks (30) in Sri Lanka congratulate President Gotabaya Rajapaksa, Prime Minister Mahinda Rajapaksa and the new government on receiving a strong electoral mandate to set the course for

The very first flights of Egypt Air Cargo, the national freighter of Egypt, landed in Bandaranaike International Airport on August 2nd and 5th.

SriLankan Airlines wishes to clarify its position with regard to the temporary suspension of the Colombo-Shanghai operation by the Civil Aviation Administration of China (CAAC) for a period of four weeks.

The government is prepared to utilise all necessary tools to revive the country’s virus-hit economy and to restore the trust in the economy backed by clear-cut polices and their prompt implementation.

Colombo’s commercial real estate market is expected to face an oversupply of office spaces weighing down on rental yields and occupancy rates across both Grade A and B segments in the medium term with several large-scale projects nearing completion

Amidst an external environment that continues to remain challenging, Expolanka Holdings has recorded stellar performance during the first quarter of the new financial year (1Q21).

Teejay Lanka PLC has reported operating profit of Rs. 15.2 million and profit before tax of Rs. 13.9 million for the first quarter of 2020-21, but posted a net loss of Rs.31.5 million – its first since being listed on the Colombo Stock Exchange (CS

India yesterday pledged US$ 500 million to build bridges and causeways in the Maldives, as New Delhi seeks to counter growing Chinese influence in the Indian Ocean.

99X Technology yesterday said Tracified, a company incubated within its innovation center/accelerator StartupX Foundry, has received an equity investment from 360ip, a venture capital firm based in Tokyo.

The National Development Bank PLC (NDB), like any other lender felt the effects of the pandemic, that came by way of loss of revenues from loans subject to moratoria, compressed margins amid falling interests rates, higher provisions against possible

Sampath Bank PLC reported subdued performance for the three months ended June 30, 2020 (2Q20) as declining margins, moratoria and weak business volumes weighed on its revenues and profits.

Colombo Dockyard, Sri Lanka’s largest ship repair and building engineering facility said, it expects rapid changes in the global shipbuilding industry, where sector players would stand to benefit from the new direction.

The lending rates continued their descend through last week, amid the borrowing cost reaching historically low levels, as banks are seen adjusting their lending rates in response to the aggressive monetary policy actions aimed at accelerating the cou

Sri Lanka Insurance has declared a life insurance bonus of Rs.8.2 billion for the year 2020, to its life insurance policyholders, recording the largest life insurance bonus ever to be declared in the insurance industry of Sri Lanka.

The Sri Lanka Pharmaceutical Manufacturers’ Association (SLPMA) yesterday welcomed the newly-elected government’s decision to create a new state ministry for pharmaceutical manufacturing as a crucial positive step towards the strengthening of the

A ten-acre plot of land covering the Air Force Stadium, Slave Island Police Station and Helitours Ticket Office, reserved for a mixed development project, is to be handed over to the Management Board of the Urban Development Authority (UDA).

The ongoing conflict between the USA and China could be in favour for nations such as Sri Lanka since global apparel companies are looking to expand their sourcing options, South Asia’s largest textile group and knit fabric provider, Teejay Group s

Sri Lanka has been ranked as the 23rd riskiest country for money laundering and terrorist financing, among 141 countries, according to Basel AML Index 2020.

As the Central Bank-launched loan refinance scheme ‘Saubhagya’ nears expiration by the end of August, the Finance Ministry is gearing to introduce another refinance scheme targeted at the micro, small and medium-sized enterprises (MSMEs) starting

The Colombo Magistrate Court on Monday (10th) issued a fresh notice on Teejay Lanka PLC, one of the country’s leading textile manufacturers, to appear in court on the 19th of this month in an ongoing court case in connection to an alleged attempt t

Overseas Realty Ceylon PLC said the company hasn’t so far seen any premature lease terminations at its World Trade Centre (WTC) or cancellation of sale agreements of its Havelock City residential properties despite the pandemic depressed business a

Asset quality troubles with Sri Lanka’s non-bank lenders could go deeper with their non-performing loans (NPLs) estimated to have reached 16-18 percent by end-June as the sector is reeling from a multitude of challenges exacerbated by the pandemic-

The Sri Lanka Tourism Promotions Bureau (SLTPB) this week extended an open invitation to content creators across the country to put forward photographs and video footages of the island nation to be used in future promotional campaigns.