Cinnamon Hotels & Resorts has implemented a series of safety protocols taking a holistic approach to sanitation across all hotel spaces.

The Central Bank yesterday said the first phase of compensation payment for The Finance Company PLC (TFC) would start on June 7.

The Central Bank yesterday said the first phase of compensation payment for The Finance Company PLC (TFC) would start on June 7.

In commemorating World Environment Day (WED), which falls today, Biodiversity Sri Lanka (BSL), in collaboration with its Initiating Partner - Dilmah Conservation (DC) and Associate Member - the United Nations Development Programme (UNDP), will host a

Sri Lanka’s construction sector appears largely resilient to the shocks reverberating from the coronavirus-related economic malaise compared to other sectors, as the projects are gradually gaining pace after the easing of curfew while the companies

The two Sri Lankan hotel properties of Hong Kong Stock Exchange (HKEx)-listed Shangri-La Group recorded a US $ 13.1 million drop in revenues in 2019, compared to 2018, as the occupancy levels plunged due to the negative impact created by the Easter b

In a strategic move to build in synergies, agility and create a robust governance structure between the holding company Ambeon Capital PLC and its investment holding and management company Ambeon Holdings PLC, Ambeon Group this week announced the res

Ceylon Tea auction sales reached an all-time high for the calendar month of May, recording a national average of Rs.697.57, surpassing last month’s record.

Sri Lanka has an untapped export potential of US $ 7.4 billion, which could be bridged by increasing further focus on the country’s top-performing industries, the World Trade Organisation’s (WTO) International Trade Centre (ITC) said.

The Colombo Stock Exchange (CSE) in consultation with the Securities and Exchange Commission (SEC) has decided to keep the market open for a limited time period today, in view of the curfew declared by the government.

Canada-based Ceylon Graphite Corp. yesterday announced the first sale of graphite from its graphite mines located in Sri Lanka, since the commencement of commercial production in December 2019.

Oil rose yesterday, topping US $ 40 a barrel for the first time since March, supported by lower U.S. inventories, expectations OPEC+ will keep oil output cuts in place and signs of demand recovery from the coronavirus crisis.

Sales remained flat and profit ebbed at Lion Brewery Ceylon PLC during the three months ended March 31, 2020, as lockdowns hurt the retail beer sales from mid-March amid the restrictions on tourism trade, which accounts for a considerable amount of s

Jetwing Symphony PLC has felt the brunt of the coronavirus-related travel restrictions during the quarter ended March 31, 2020 but the company said it steadily restarted its operations with the ease of curfew and the gradual recommencement of economi

The Securities and Exchange Commission (SEC) has approved amendments to the Stockbroker Rules, Central Depository Systems (CDS) Rules and Listing Rules submitted by the Colombo Stock Exchange (CSE), which will enable the stock market to transition fr

The board of directors of Sampath Bank at a meeting held on May 28 had decided to appoint Dhara Wijayatilake as the bank’s Deputy Chairperson, consequent to the conduction of the 34th Annual General Meeting (AGM) of the bank.

According to the Treasury, the public debt balance payable by the government stood at Rs.12.18 trillion, at the end of 2019.

The companies reporting their financial performance for the March quarter have been allowed to fair value their financial assets as the prices prevailed on March 31, 2020 were unrealistic and much of them were tainted by the gyrations, since the inve

Vajira Kulatilaka, Director/CEO of NDB Group’s investment banking cluster, will be retiring by the end of June 2020, after 36 years in the banking and finance sector of Sri Lanka.

Responding to media reports on the resignation of Dr. Sanjiva Weerawarana from the Information Communication Technology Agency (ICTA) board, ICTA Chairman Jayantha De Silva said Dr. Weerawarana’s resignation was inevitable.

The Colombo Stock Exchange (CSE) ended on a negative note yesterday but foreigners remained active during the day closing as net buyers.

The Monetary Board of the Central Bank of Sri Lanka (CBSL) has suspended NatWealth Securities Limited (NWSL) from carrying on the business and activities of a primary dealer for a period of six months, with effect from June 1, 2020.

Assists doctors distinguish between early, advanced and severe stages of pandemic

The Commercial Bank of Ceylon has announced the commitment of approximately Rs.10 billion to a bank-funded COVID-19 support loan scheme to assist affected SME enterprises.

Access Engineering PLC reported subdued performance for the period ended March 31, 2020 but said the company envisages a quick return to normalcy, although there would be some short-term financial pain due to temporary stoppage of project work and an

Sri Lanka’s second biggest private lender in assets, Hatton National Bank PLC (HNB), successfully concluded the country’s first-ever hybrid virtual Annual General Meeting (AGM) on May 29.

Sri Lanka’s headline inflation measured by the Colombo Consumer Price Index declined to 4.0 percent during the twelve months to May, decelerating from 5.2 percent in April due to higher base effects that prevailed in the same month last year.

The Chief Architect and Founder of WSO2, Dr.Sanjiva Weerawarana has stepped down from the board of the Information and Communication Technology Agency (ICTA) after little over a six-monthperiod following his appointment to the board in December last

Former Prime Minister Ranil Wickremesinghe called for a major restructuring of the Sri Lankan economy as a financially challenged future is foreseen for the country, and despite economic challenges faced, he stressed it was time for the island nation