Listed knit fabric maker, Teejay Lanka PLC, has announced plans to partner with a leading Chinese company to venture into the manufacture of lace, thereby significantly expanding the company’s product portfolio. As a first step, Teejay is to commen

On behalf of the Executive Committee and members of Sri Lanka Maldives - Business Council it is with great pleasure I congratulate the Government and citizens of Maldives all our Maldivian Business counterparts on the celebration of their 54th Indepe

The Republic of Maldives today, celebrates its 54th Independence anniversary and I would like to wish each and every Maldivian residing in this beautiful country of Sri Lanka and the whole of Maldives a joyful Independence Day.

On the auspicious occasion of our 54th anniversary of Independence, I convey warm felicitations and sincere good wishes to all Maldivians residing in Sri Lanka. As we also celebrate the 54th anniversary of the establishment of Diplomatic relations be

As the Republic of Maldives celebrates its 54th Independence anniversary, it gives me great joy to express my heartfelt greetings and good wishes to all Maldivians residing in Sri Lanka.

Sri Lanka’s Regional Plantation Companies (RPCs) are growing impatient over President Maithripala Sirisena’s policy indecisiveness on oil palm cultivation, as Rs.400 million worth of nursery-stage oil palm plants are about to go into waste. Plan

(Washington) AFP: Global trade tensions, continued uncertainty and rising prospects for a no-deal Brexit are sapping the strength of the world economy, which faces a “precarious” 2020, the International Monetary Fund warned on Tuesday. Trade conf

After almost three months since the Easter Sunday attacks, Sri Lanka’s tourism authorities still have failed to award the PR and advertising campaigns to the selected advertising agency, to support the flagging industry. The Cabinet approval was gi

(Colombo) REUTERS: Sri Lankan shares jumped more than one percent yesterday to hit their highest close in nearly 20 weeks, led by gains in banking and diversified stocks, while the rupee weakened on higher import

ETL Colombo (Pvt.) Ltd yesterday outrightly denied any claims that it is the ultimate importer of the 130 containers of “used mattresses” imported to Hayleys Free Zone, Katunayake, for reprocessing and r

Sri Lanka fell one place in the Global Innovation Index (GII) 2019, after gaining two places in last year’s index. The GII, a collaboration between Cornell University, INSEAD and the World Intellectual Property Organisation, placed Sri Lanka at the

While maintaining that the US$ 20 billion export target is still a possibility for this year, Development Strategies and International Trade Ministry yesterday said Sri Lanka would likely end the year with US$ 18.5 billion in export earnings, an achi

Union Bank of Colombo PLC reported some modest performance for the three months ended June 30, 2019 (2Q19) in the backdrop of an economy where business activity had slowed down significantly, the interim financial accounts released to the Colombo bou

A leading apparel exporter in the country has called for clarity and direction from the government for private enterprises to play a key role in regaining and sustaining Sri Lanka’s economic resurgence in the aftermath of the Easter Sunday attacks

(Colombo) REUTERS: Sri Lankan shares closed firmer yesterday, led by gains in diversified and banking stocks, while the rupee weakened on higher importer dollar demand.

Keells Food Products PLC (KFP) revenues languished and profits fell during the three months ended June 30, 2019 (1Q20) as the processed meat producer fell victim to subdued consumer spending in a sluggish economy. The company reported earni

The Cabinet of Ministers yesterday approved a proposal to re-implement the proposed free on arrival visa programme for tourists that was suspended due to Easter Sunday attacks. Accordingly, free on arrival visa will

While strongly denying that Hayleys had imported environmentally hazardous materials into the country, the firm assured that it is working together with the Board of Investment (BOI) and Central Environmental Authority (CEA) to re-export the used mat

Sri Lanka’s vehicle registration slumped to a 36-month low in the month of June, as the activity in the economy turned sluggish with the fallout of the Easter Sunday attacks amid slowing credit and higher non-performing loans (NPLs).

Entrepreneurship in Sri Lanka remains very low compared to its peers in Southeast Asia, which the government is trying to address through its flagship Enterprise Sri Lanka project, according to Finance State Minister Eran Wickramaratne.

Sri Lanka’s countrywide headline inflation, measured by the National Consumer Price Index (NCPI), decelerated to 2.1 percent in June on a year-on-year basis, from 3.5 percent in May 2019, the Census and Statistics Department said.

(Colombo) REUTERS: Sri Lankan shares closed lower yesterday, snapping an eight-session gaining streak, as investors booked profits, while the rupee weakened on higher importer dollar demand.

The Securities and Exchange Commission of Sri Lanka (SEC) will engage the publicly-listed companies (PLCs) in a dialogue today, between 4:30 and 7:30 p.m., at Grand Ballroom, Hilton Colombo.

(London/New York) REUTERS: Sentiment in the oil market has shifted dramatically in recent days, with hedge funds, producers and traders all taking a more bearish tack in response to what they see as weakness in worldwide demand.

Man-made terror attacks – like natural disasters – are extreme events and their frequency appears to be rising globally.

Labour migration from Sri Lanka has experienced many changes in recent years. Often, these are due to traditional reasons, such as oil price fluctuations and the slowing down of growth in destination economies.

Sri Lanka’s third largest private lender in terms of assets, Sampath Bank PLC, expects its credit growth to accelerate over 10 percent by the end of this year, beating industry projections. “We certainly feel going above 10 percent credit growth

The Ministry of Plantation Industries is to launch a fresh initiative with an investment of Rs.300 million to boost low replanting rates in Sri Lanka’s tea industry. Plantation Industries Minister Navin Dissanayaka last week announced that the Rs.3

As the world is witnessing a time of tremendous challenges, the fourth industrial revolution has changed every aspect of people’s lives and the way they go about their careers, according to Ports, S