Laugfs Gas PLC cut losses in the January–March quarter as the group managed to keep the costs under check while the revenues rose moderately.  The downstream LPG player whic

Sri Lanka attracted US$ 1303 million in net Foreign Direct Investments (FDIs) in 2017, almost doubling FDIs YoY compared to 2016, according to United Nations Conference on Trade and Developm

REUTERS: The Sri Lankan rupee hit a fresh record low of 158.90 per dollar yesterday, as importer dollar demand offset the lack of greenback sales by exporters who expect the currency to drop further, 

REUTERS: Sri Lankan shares ended weaker yesterday, after breaching the psychological barrier of 6,400, pulled down by blue-chip shares such as John Keells Holdings Plc , brokers said. 

If there is a single most nagging issue in the country’s State sector, it is the weak productivity inherent in the public service which has been dragging the economic growth in the post independence Sri Lanka, and the 

Sri Lanka’s Export Development Board (EDB) has drawn up a new entry strat

(Colombo) REUTERS: Sri Lankan shares ended slightly weaker on Wednesday, hovering near their lowest close in over five months hit earlier in the week, led by diversified shares such as John Keells Holdings PLC, while foreign buying helped boost the t

The Sweden-based global asset management company, Tundra Fonder’s Tundra Sustainable Frontier Fund said they upped their position in Sri Lanka’s premier blue chip John Keells Holdings PLC (JKH) following the latter’s exclusion from

Tourist arrivals to Sri Lanka in May rose 6.2 percent year-on-year (YoY) to 129, 466, recording the lowest arrival number so far this year. For the first five months of the year, the cumulat

The losses at The Finance Company PLC (TFC) widened many-fold during the period ended in March 31, 2018, as the troubled licensed finance company saw the hole in its balance sheet deepening with over Rs.16 billion in negative shareholder funds.

Finlays Colombo Limited has entered into a binding agreement to dispose its insurance broking business to a Singaporean party, according to the company’s 2017/18 annual report.

Fitch Ratings sees further consolidation by way of mergers and acquisitions (M&As) in Sri Lanka’s insurance market, particularly in the general insurance segment, as the players continue to compete in a crowded market amid tougher operating

The Tourism Development and Christian Religious Affairs Ministry yesterday announced the appointment of veteran marketer Dehan Seneviratne as the Sri Lanka Tourism Promotion Bureau (SLTPB) Chairman with effect from June 4, 2018.

Sri Lanka Insurance (SLI) has declared a life insurance bonus of Rs.6.8 billion for this year, recording the largest life insurance bonus ever to be declared in Sri Lanka’s insurance industry. 

(Colombo) REUTERS: Sri Lankan shares ended weaker yesterday to hit their lowest close in more than five months as investors sold telecom and banking shares, while foreign buying curbed further decline.

Sri Lanka’s CIC Holdings PLC, which has its core interests in the country’s agriculture sector, said it carried out a re-strategizing exercise, which accompanied a voluntary retirement scheme (VRS), aimed at creating a more fluid and effi

The growing global trade volumes across all trade lines kept both air and ocean freight operations busy at Expolanka Holdings PLC during the January-March quarter, giving the much-needed impetus to the logistics player’s top and bottom lines.&n

Following the introduction of the automatic pricing formula on fuel prices by the government last month, the International Monetary Fund (IMF), with whom Sri Lanka has an ongoing Extended Fund Facility (EFF) arrangement, now wants the government to c

The top line growth across major business sectors led by retail and healthcare and the tight cost controls helped Softlogic Holdings PLC to report better operating profits for the quarter ended March (4Q18), as the group

Fitch Ratings last week said Sri Lanka’s banking sector is bracing for some tough operating conditions in 2018 with muted loan growth and moderate asset quality, which could put pressure on profits.  As a result

(New York) REUTERS: A federal appeals court on Friday rejected a bid by Raj Rajaratnam, the highest-profile hedge fund manager convicted in a sweeping U.S. crackdown on insider trading, to void much of his 2011 conviction and shorte

Sri Lanka is to move ahead with the former government’s policy of establishing 20,000 hectares of oil palm in the country as a ‘supplementary income’ to the rubber plantation, Plantations Industries Minister Navin Dissanayake said

Vehicle registrations in April remained almost unchanged from the highs it reached in March, the vehicle registrations data compiled by JB Securities, a Colombo-based equity brokerage, showed.

Sri Lanka was showcased in all its splendour at the Shanghai World Travel Fair held at Shanghai Exhibition Centre in China last week.  This was the main highlight of a series of promotional events and meetings that were conducted across major ci

Skilling and improved human resources are crucial in government’s economic vision, but Sri Lanka is facing a supply crunch in such skilled personnel. 

MOSCOW(AFP): While the World Cup that kicks off later this month will focus the attention of football fans around the world on Russia it will have little impact on the country’s economy, analysts at Moody’s rating agency have said.

Workers of State-owned Lanka Sugar (Private) Limited flocked to President’s office on 31 on Thursday complaining that after the operation has been swapped to a different Ministry from its parent, it now risks falling back to a ‘loss-makin

Paris(AFP):  The world’s largest economies stood on the brink of all-out trade war as the EU, Canada and Mexico drew up retaliatory measures to Washington’s stinging steel and aluminium tariffs that came into effect yesterday.

REUTERS: Sri Lankan shares ended largely unchanged near a five-month closing low yesterday as gains led by conglomerate John Keells Holdings Plc were offset by losses in large-cap shares such as Ceylon Tobacco Company , while foreign investors turned

The Sri Lankan rupee touched a fresh record low of 158.80 yesterday owing to dollar demand from foreign banks and importers but ended steady on late inflows from remittances, dealers said.