Close to three-quarters of Sri Lankan businesses say they might downscale utilisation of their office space during the next 12 months, since nearly 50 percent of the businesses are planning to keep all or some of their office-based staff working from

LOLC Group (LOLC), the premier blue-chip conglomerate, concluded another financial year on a high note, as per the results for the year ended March 31, 2020.

The International Chamber of Commerce Sri Lanka (ICCSL), the domestic chapter of the Paris-based International Chamber of Commerce (ICC), in a statement yesterday congratulated President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa on thei

Recognising the safety protocols introduced by the Government of Sri Lanka along with the standards mandated by the Sri Lanka Tourism Development Authority (SLTDA) to ensure the safety of domestic and international travellers,

Sri Lankan authorities were urged to devise a sustainable and practical model for operating hundreds of tourist sites before they start decaying and being inflicted with permanent damage, losing their natural or archaeological value, prior to visitor

One of Sri Lanka’s top franchise holders of global automotive brands is hopeful of a gradual softening of the current stringent import restrictions on vehicles and other automotive components including spare parts into the country towards the end o

Sri Lanka’s budget deficit for the five months up to May rose as the economic shutdown triggered by the pandemic hit the tax revenues, but the government cut public investments to keep the deficit from over-stretching.

Commercial paper issuers in Sri Lanka found themselves in a fix at the height of the pandemic, as they found it difficult to find investors to roll over their debt instruments as investors had parked their funds in low-risk assets such as government

Sri Lankan SMEs have strong, newfound hope on the incoming new administration for their long overdue revival, a statement by a trade chamber representing the country’s small and medium business said.

The National Chamber of Exporters of Sri Lanka (NCE), which represents export fraternity of the country, has congratulated the newly concluded election and the great victory achieved, in the formation of a new government.

Cargills Bank Limited has deferred the timeline set for listing the company by more than a year to June 2021 as the bank doesn’t think the current atmosphere is appropriate to go public while dealing with its own issues such as higher non-performin

Deserted streets, empty restaurants, shuttered stores: London’s financial districts remain largely abandoned by workers still worried about the pandemic and reluctant to return to office life.

Sri Lanka’s official foreign reserve, often used gauge external sector strength, increased by US$ 407.4 million during the month of July, bringing the total reserves position to US$ 7.1 billion by the end of the month as the Central Bank took recei

The local business community yesterday sounded upbeat on their expectations from the new parliament that was elected with a landslide victory by the Sri Lanka Podujana Peramuna (SLPP) and its allies, securing two-thirds majority.

Port City Colombo is marking yet another milestone event in the country in its next phase of development.

Trump administration officials have urged the president to delist Chinese companies that trade on U.S. exchanges and fail to meet U.S. auditing requirements by January 2022, Securities and Exchange Commission and Treasury officials said on Thursday.

Businesses in Northern Ireland will be able to use a new free service to complete import paperwork after UK-EU trading terms change later this year, the British government said yesterday.

A new China-US flare-up sent markets tumbling yesterday, while the mood was also soured by US lawmakers’ struggles to agree on a new economic stimulus - all against a backdrop of surging virus infections.

The unprecedented fall in greenhouse gas emissions from lockdowns during the pandemic will do “nothing” to slow climate change without a lasting switch from fossil fuels, an international team of researchers said yesterday.

Sunshine Holdings PLC yesterday said its sub-subsidiary Watawala Tea Ceylon Limited has entered into a share sale and purchase agreement with the current shareholders of Daintee Limited to purchase 100 percent shareholding of the company for Rs.1.7 b

Telecommunication services provider Dialog Axiata PLC this week announced that discussions on the proposed acquisition of the systems integration business of V S Information Systems (Private) Limited (VSIS), namely VSIS Enterprise Solutions (Private)

Asian markets mostly rose yesterday building on a two-day rally, with nervous investors keeping an eye on stimulus talks in Washington, while China-US tensions continued to weigh on confidence.

Aitken Spence Hotels has announced that five of the hotel group’s Maldives resorts will reopen to international guests by September 1st.

Watawala Plantations PLC reported robust revenues and profits for the three months ended June 30, 2020 (1Q21) as the company’s palm oil and dairy businesses stood to benefit from the circumstances that were created by the pandemic where the focus i

The International Monetary Fund urged Lebanese officials yesterday to break an “impasse” and move ahead with reforms after a massive Beirut blast cost the crisis-hit country billions in damages.

The Kingsbury PLC continues to remain in the red having posted net losses for five straight quarters after being hit with a two-fold impact— first from the Easter Sunday attack in April 2019, and now the global pandemic— both which dealt a crippl

The loans to contractors backed by Treasury guarantees can now be considered as part of banks’ liquid assets when calculating and reporting their statutory liquid asset ratio (SLAR) to the Central Bank.

Vallibel Finance PLC reported subdued profits for the three months ended March 31, 2020, as the company made a higher provision for possible loan defaults amid the expectations that the pandemic-driven economic shocks to have an extended bearing on i

The Veddagala Tea Factory, situated in Lenagala, has achieved an all-time record price at the weekly tea auction held on August 4, 2020, by securing an attractive price of Rs.1550 per kilogramme, for the PEK1 grade in the Low Grown category. This lin

The Ceylon Tea national sales average has witnessed a 22 percent year-on-year (YoY) increase for the month of July, showing an expansion of Rs.113.09 compared with the corresponding period in 2019.