Melstacorp PLC will continue to look for acquisition and investment opportunities in the non-alcoholic beverage segment as the company is looking to further reduce its over-reliance on its alcohol business, which is largely susceptible to the country

Following is an interview with Teejay Lanka CEO Shrihan Perera, which is a part of an interview series of S&P SL20 companies conducted by the Colombo Stock Exchange in partnership with Mirror Business.

International Chamber of Commerce Sri Lanka (ICCSL) elected a new Executive Committee for 2019/20 at the 53rd Annual General Meeting of the Chamber held recently in Colombo. Dinesh Weerakkody, Chairman of the International Chamber of Commerce Sri Lan

Omega Line Limited, a unit of Luxembourg–based Calzedonia Finanziaria, is to expand its existing current factory complex in Sandalankawa by constructing a US$ 24 million new lingerie factory.

Sir Tim Clark, who led Emirates Airlines since 1985, will speak at the 54th Anniversary AGM dinner of The Hotels Association of Sri Lanka (THASL), taking place at Cinnamon Grand this evening. In 2003, Sir Clark becam

Sri Lanka’s recent recognition as one of the top 20 countries with highest trade growth potential by the international banking giant, Standard Chartered is a powerful global endorsement of the government’s ongoing trade and competitiveness reform

(Colombo) REUTERS: Sri Lankan shares closed at their highest level in seven weeks yesterday, led by a rally in banks and manufacturing stocks, while the rupee ended firmer. The benchmark stock index rose 0.28 percent to 5,880.40, the highest close s

The Central Bank last week issued fresh directions to the licensed finance company sector by stipulating new guidelines on their deposits rates and rates offered when issuing debt instruments.

Illegally imported cigarettes from China, worth Rs.74 million, were destroyed by the officers of Sri Lanka Customs’ Central Investigation Bureau (CIB), yesterday. The stock consisted of over 1.2 million sticks. The picture shows CIB Director Genera

Access Engineering PLC plans to set up an eight-storey car park in the land plot adjoining Access Tower 1 and 2, after discovering the legal barriers to move ahead with the proposed Rs.8 billion Access Tower 3 office building.

The government reduced the excise tax on the cigarettes measuring between 67mm-72mm by Rs.4.60 per stick, with effect from October 15, 2019.

Sri Lanka’s tea factories are facing continued pressure to cease operations with 62 factories already being forced to shut down since 2018, driven by the dwindling tea prices and stagnant green leaf production, which is further exacerbated by the s

The bilateral trade between Sri Lanka and Canada has risen 10 percent in 2018 from a year ago to US $ 436 million, according to the Commerce Department of Sri Lanka.

(Colombo) REUTERS: Sri Lankan shares closed flat yesterday, as gains in consumer staples were offset by losses in telecommunications shares, while investors also waited for policy manifestos of key presidential candidates. The rupee ended firmer.

Sri Lanka’s countrywide headline inflation as measured by the year-on-year (YoY) change in the National Consumer Price Index (NCPI) spiked to 5 percent in September, from 3.4 percent a month ago, amid price increases in both food and non-food items

The Planters’ Association of Ceylon (PA) sounded a cautionary note with regard to the health and sustainability of the entire tea industry – including the Regional Plantation Companies (RPCs) and government and smallholder sectors at large – as

Rapid population growth has put tremendous pressure on the world’s agricultural systems to provide safe and nutritious food to all. Unfortunately, productivity growth has been hampered by land and water resources degradation and climate change. The

Colombo-based Softlogic Stockbrokers is bullish on Sri Lanka’s potential to become an outlier in a slowing global economy, moving up from the current depressed economic state following the conclusion of presidential election next month, irrespec

The United Nations Children’s Fund (UNICEF) in Sri Lanka last week requested Sri Lanka’s presidential candidates to fully commit to resolve six critical issues faced by the six million child population to prepare the country for future-oriented,

A high-ranking delegation of Germany’s tourism industry led by German Travel Association (DRV) President Norbert Fiebig will arrive in Sri Lanka tomorrow on the invitation of Tourism Minister John Amaratung

Diversified Hemas Holdings PLC has witnessed a steady recovery in its core business segments during the second quarter of 2019/2020 financial year, following subdued performance in the first quarter amid a general economic slowdown and adverse impac

(London) REUTERS: Brexit will happen by October 31, British government minister Michael Gove said yesterday, despite lawmakers forcing Prime Minister Boris Johnson to send a letter on Saturday to the EU requesting a delay. Parliament thwarted Johnson

A suspect pleaded guilty on Tuesday for the possession of five smuggled cigarettes and was fined Rs.400,000 by the Gampaha Magistrate. The case was handled by

BEIJING (AFP) - China’s economy expanded at its slowest rate in nearly three decades in the third quarter, hit by cooling domestic demand and a protracted US trade war, official data showed yesterday. The Chinese economy grew 6.0 percent in July-Se

In terms of the provisions of the Financial Transactions Reporting Act (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into an agreement with INTERPOL National Central Bureau for Sri Lanka (NCB Colombo) recently at the Central Bank

The Board of Investment of Sri Lanka signed a supplementary agreement with M/s Senaka Zenn (Private) Limited to set up a project to manufacture pre-stressed spun concrete electrical poles, piles and railway sleepers with improved technology, for

BEIJING (AFP) - The CEO of Apple has met with the top market regulator in China, a statement said yesterday, a week after the tech giant faced heavy criticism over an app Beijing accused of supporting Hong Kong protesters. Apple removed HKmap.live fr

WASHINGTON (AFP) - Facebook should not launch its global digital currency Libra until proper regulations are in place to handle the potential risks, the Group of Seven said Thursday. And France’s Economy Minister Bruno Le Maire warned that a curren

NEW YORK (AFP) - Saudi Aramco plans to push back its initial public offering, which had been expected to be launched next week, a person familiar with the situation said. The move could delay stock market trading of the

SYDNEY (AFP) - A plane and its passengers are set to test the mental and physical limits of long-haul aviation when Qantas operates the first direct flight by a commercial airline from New York to Sydney.