In response to the Mirror Business article titled ‘Spat between CB and FinMin delays Golden Key repayment’, published on July 30 (yesterday), Golden Key Credit Card Company (GKCCL) Ltd Chairman Priyantha Fernando clarified that GKCCL has

(Colombo) REUTERS: The Sri Lankan rupee ended slightly weaker yesterday as dollar demand from importers surpassed greenback sales by banks, traders said.

Marino Mall, the mega shopping mall by Damro Group with an investment of Rs.12.5 billion, was opened to the public yesterday. 

GlobalData has ranked Sri Lanka as the fourth fastest growing tourism market in the world.  

(Sydney) REUTERS: Australian investment bank Macquarie Group has appointed its first female CEO last week, promoting the 10-year head of its funds unit Shemara Wikramanayake to t

The Appeal Court last week allowed Hayleys Advantis Ltd and McLarens Investments (Pvt) Ltd to enter as intervenient petitioners to the writ petition filed by Parliamentarian Vasudeva Nanayakk

A dispute between Central Bank and the Finance Ministry has delayed the re-payment of above Rs.10 million deposit holders of the failed Golden Key Credit Card Ltd (GKCCL), failing to honour a pledge made to the Supreme Court by the government, Mirror

Moody’s Investors Service yesterday affirmed Sri Lanka’s foreign currency issuer and senior unsecured ratings at B1 but maintained the negative outlook, which it first assigned to the island nation’s credit rating in June, 2016 and

The recently launched Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) plans to carry out investment promotions for Sri Lanka’s Rubber, IT, apparel and logistics industries in Germany as the German businesses are increasi

(Colombo) REUTERS: Sri Lankan shares extended their losses to a fourth straight session yesterday as foreign investors sold blue-chip stocks such as John Keells Holdings Plc and Hemas Holdings Plc. The Colombo stock index ended 0.14 percent weaker at

(Colombo) THOMSON REUTERS FOUNDATION: Dinesh de Alwis has lived all his life in Ratmalana, a suburb of Sri Lanka’s capital Colombo. When he was young, he remembers, he would rush outside every day at 4 p.m., to play with friends after school.

(Colombo) REUTERS: The Sri Lankan rupee ended steady yesterday as dollar demand from importers offset greenback selling by exporters in dull trade ahead of the long weekend, traders said. The rupee ended flat at 159.50/60 per dollar. It has declined

 The Sri Lanka Tourism Development Authority (SLTDA) will launch Sri Lanka’s first-ever tourist-friendly tuk tuk service on July 30, 2018, at Galle Face Green, under the patronage of Prime Minister Ranil Wickremesinghe. 

Sri Lanka yesterday signed a US $ 100 million credit agreement with the World Bank to support Sri Lanka’s efforts to strengthen and modernise the general education system in the country. 

A Chinese state-owned gold mining giant has expressed interest to set up a US $ 30 million gem and jewellery exchange in Sri Lanka with the support of the Sri Lankan government and a major local gem and jewellery supplier to China.  

The Monetary Board of the Central Bank yesterday announced the cancellation of the licence issued to Standard Credit Finance Limited (TSCFL), with effect from July 25, 2018.

The decline in consumer discretionary spending and shift in consumer demand for healthier alternatives appear to be continuing to hurt the performance of the John Keells group subsidiary, Ceylon Cold Stores PLC (CCS). 

The Lanka Microfinance Practitioners’ Association (LMFPA) yesterday called for government intervention to formulate a national micro credit policy framework to regulate over 1000 micro finance businesses as concerns over indebtedness caused by

Diversified conglomerate Hayleys PLC yesterday said its Rs.3 billion debenture issue, which had an option to raise a further Rs.1 billion, was oversubscribed on the opening day.

Union Bank of Colombo PLC reported slightly higher profits during its April – June quarter (2Q18) as the bank could not escape from the industry-wide phenomenon of stress building up on loans amid challenging economic conditions. 

Rigid Tyre Corporation (Pvt.) Ltd, which is said to be building Sri Lanka’s largest tyre plant, will generate 3,000 direct employment opportunities and possibly three times as many indirect jobs, the country’s apex investment promotion ag

The worker remittances to Sri Lanka have declined during May, though the earnings from tourism have continued to grow, providing a cushion to the current account of the external account of Sri Lanka. 

(Colombo) REUTERS- The Sri Lankan rupee ended firmer yesterday as exporters and some foreign banks sold the dollar, surpassing importer demand for the US currency, traders said.

(Colombo) REUTERS-Sri Lankan shares ended weaker yesterday, slipping from the last session’s three-week closing high but foreign buying prevented  steeper losses.

In one of the first cases filed in Sri Lanka in respect of an infringement of the layout design of an integrated circuit, on or around July 6, 2018, A.M.T. Nirmala, a young inventor from an engineering background, instituted action against Sri Lanka

The modest tea sector performance of late appears to have failed to translate into better tea smallholder performance as Tea Smallholder Factories PLC (TSF) generated weaker financial performance for the quarter ende

AIA Insurance Lanka PLC last Friday announced its intention to delist its securities from the Colombo Stock Exchange (CSE), subject to obtaining requisite approvals.  AIA Insurance Lanka Director & Chief Off

Sri Lanka’s parallel vehicle importers recently urged the government to provide ‘brand new’ status for vehicle imports with zero mileage by them in order to pursue government tenders.

The Commercial Bank of Ceylon has opened a microfinance company as its second subsidiary in Myanmar, two years after opening a representative office in Yangon that offers advisory services

Sri Lanka yesterday took the first step towards implementing its national export strategy by making available to the business community the Sri Lanka Trade Information Portal (SLTIP), a one