The Tea Exporters Association (TEA) issuing a statement yesterday expressed concern over the government’s plan to use part of the funds collected from tea exporters to give a boost to replanting activities by amending the Tea Promotion Levy Gazette

The Hayleys group knit fabric maker Hayleys Fabric PLC saw a surge in earnings for the June quarter (1Q20), well supported by the firm’s top line, the interim financial accounts released to the Colombo Stock Exchange yesterday, showed.

(London) AFP: London Stock Exchange shares soared yesterday after confirming talks over a vast US $ 27-billion takeover of US financial data provider Refinitiv, potentially placing it in direct competition with Bloomberg.

(Colombo) REUTERS: Sri Lankan shares hit their highest close in six months yesterday, led by a rally in banks and diversified stocks along with healthy purchases by domestic investors.

Sri Lanka’s gem and jewellery industry is seeking government assistance in finding new markets for its products, following the April 21 Easter Sunday bombings, which dealt a severe blow to the industry with the slowing down of tourist arrivals.

While releasing its interim accounts for the quarter ended June 30, 2019 (1Q20), listed brush maker BPPL Holdings PLC yesterday said a fire that broke out at its factory premises on July 28 “should not” impact its future earnings significantly.

Diversified conglomerate Sunshine Holdings PLC announced that SBI Ven Holdings (Pte) Limited, the overseas private equity firm of SBI Holdings Inc., has invested US $ 2 million in Sunshine Energy (Pvt.) Ltd (SEL) to propel Sunshine Holdings’ renewa

Sri Lanka’s non-vessel owning common carrier (NVOCC) agents warn of potential disruptions to Sri Lanka’s trade with the region unless there’s no revision to current excessive regulations prohibiting shore-based cost recovery.

We live in an era marked by unprecedented technological change and innovations, which are transforming economic activities, including trade. While developments such as advanced robotics, artificial intelligence (AI), the Internet of Things (IoT), and

The 22nd Annual General Meeting of the Sri Lanka–Singapore Business Council (SLSBC) of the Ceylon Chamber of Commerce was held recently at the Chamber.

Provided the right connectivity, Sri Lanka has the potential to become Australians’ favourite holiday destination in Asia surpassing Bali in Indonesia, according to Australia’s most popular online travel company, TripADeal.

Singapore-based international investment house Comcraft has acquired majority stake in Merbok MDF Lanka (Pvt) Ltd., a leading MDF board manufacturer in Sri Lanka. Considered as one of Sri Lanka’s largest factories, Merbok MDF Lanka’s plant is si

(Washington) REUTERS: The International Monetary Fund said on Friday its executive board adopted an “open, merit-based and transparent” process to select a new leader to replace Christine Lagarde, with the ai

Companies that have a higher number of leases are likely to report increased borrowings and finance costs across the board with the adoption of new accounting standards from April 1. With SLFRS 16 coming into play, leases are included under assets as

The eightieth anniversary ceremony of Bank of Ceylon (BOC), that has rendered a historically significant service contributing to the economy and social development of the country, will commence at the BMICH conference hall tomorrow (July 30th), under

KUALA LUMPUR (AFP) - Malaysian casino operator Genting, Walt Disney Co. and 21st Century Fox have settled a legal battle that centered on allegations the US companies abandoned a project to build a theme park.

SEOUL (AFP) - North Korea’s sanctions-hit economy shrank in 2018 by its largest margin since the country’s devastating famine in the 1990s, the South’s central bank said yesterday.

WASHINGTON (AFP) - The US Treasury Department on Thursday announced sanctions against three of Venezuelan President Nicolas Maduro’s stepsons, a Colombian businessman and six others for running a ‘corruption network’ that profited from emergenc

HONG KONG/SHANGHAI (Reuters) - American delivery firm FedEx Corp likely withheld more than 100 packages of Huawei, a report said, while the Chinese tech giant also blamed U.S.-listed Flex for seizing its goods, as Sino-U.S. tensions further strain bu

HONG KONG (AFP) - Asian markets tumbled yesterday after disappointing US earnings and a bearish outlook on hopes for a Fed rate cut weighed on Wall Street overnight.

All corporate offices of SriLankan Airlines which were located at the World Trade Centre, Colombo have now been relocated to its headquarters at the Airline Centre, Bandaranaike International Airport, Katunayake.

The 2019 edition of the International Healthcare Exhibition, organised by the National Chamber of Commerce of Sri Lanka (NCCSL), along with the support of the Health, Nutrition and Indigenous Medicine Ministry was officially launched and opened to th

Sri Lankan shares rose for a fourth straight session to hit their highest close in over five months yesterday, led by a rally in beverage and banking stocks along with healthy purchases by domestic investors.

Hutch Telecommunications Lanka (Pvt.) Ltd, a subsidiary of Hong Kong-based CK Hutchison Group, is eying to enter Sri Lanka’s e-commerce sector with a strategic partner, after the completion of the island

World-renowned The Banker Magazine UK 2019 reaffirmed Bank of Ceylon’s (BOC) place among the top 1,000 banks in the world with the country rank number one. BOC can boast of the financial and operational strength that it has demonstrated throughout

Dunamis Capital PLC yesterday said they are engaged in preliminary discussions with a prospective investor for an investment in the shares of First Capital Holdings PLC. Dunamis Capital is the controlling shareholder of First Capital Holdings. Unusua

(Colombo) REUTERS: Sri Lankan shares rose for a third straight session yesterday to hit their highest close in nearly five months, led by a rally in banks, but the rupee weakened on higher importer dollar demand

The Board of Investment (BOI) issuing a statement yesterday clarified its position on the recent controversy regarding the importation of garbage containers by certain parties, under the Hub Act.