Harry Jayawardena-controlled Melstacorp PLC has entered into a cement business forming a joint venture company with Indonesia’s Gama Corp.

REUTERS: Sri Lankan shares closed slightly weaker yesterday as investors sold diversified stocks such as John Keells Holdings Plc, while block deals boosted turnover. 

The Primary Industries Ministry has already started numerous projects under the agriculture sector, specially value-added and export-oriented programmes, to achieve the country’s national objectives.  Workshops are being currently conducte

The Auto Vision Motor Show 2018, that brings together motor-related products and services under one roof, opened at the  BMICH yesterday. It showcases an array of passenger cars, off-road vehicles, concept cars, luxury vehicles, custom-built veh

The Chinese ambassador to Sri Lanka Cheng Xueyuan paid a courtesy call on the Minister of Development Strategies and International Trade Malik Samarawickrama recently. The meeting took place at the ministry was meant to discuss ways to promote invest

REUTERS: World shares steadied and the dollar resumed its rise yesterday after a wobble caused by U.S. President Donald Trump’s decision to cancel a summit with North Korea, though political risk put Italian markets on track for heavy weekly lo

REUTERS: U.S. Commerce Secretary Wilbur Ross will visit China early next month for another round of talks amid ongoing trade frictions between the world’s two largest economies.

REUTERS - European Union finance ministers reached an agreement yesterday on reforming bank capital rules, a major step towards boosting the bloc’s financial stability and a stepping stone towards a deal on a backstop for its bank-rescue fund i

REUTERS: The Sri Lankan rupee ended steady yesterday with dollar buying by a foreign bank and importers weighing on the local currency, while exporters stayed on the sidelines expecting the rupee to weaken further in line with other emerging market c

Hambantota International Port Group (Private) Limited, the joint venture formed between China Merchants and Sri Lanka Ports Authority for the development of the Hambantota port, now eyes the bunkering business for global shipping lines, an official s

Fitch Ratings said yesterday private healthcare providers in Sri Lanka will experience rising demand amid the fast-ageing population and rising incidence of non-communicable deceases (NCDs) with more people moving into cities.  

REUTERS: Sri Lanka’s tea output fell 15.3 percent in April from a year earlier, the state-run Tea Board said yesterday, with industry officials attributing the decline to a high base effect and more public holidays this year. 

Ending wild speculation, Finance and Mass Media Ministry yesterday announced the appointment of senior professional Ranel T. Wijesinha as the Chairman of Securities and Exchange Commission, the regulator of the Colombo Stock Exchange. 

The Cabinet of Ministers has decided to award the contract for an E-Motoring project of the Department of Motor Traffic that will mainly facilitate online registration of vehicles to a joint venture of Face Technologies and Metropolitan. 

Sri Lanka will sign an agreement with the Eastern Echo Holdings Plc, a fully-owned subsidiary of the world’s largest US-based oilfield services company, Schlumberger, on May 30, to conduct s

Erste Bank of Austria has provided euro 9.5 million (approx. Rs.1, 810 million) interest-free credit facility to Sri Lanka to enhance the access to quality and modern healthcare facilities in local hospitals. 

Airtel Lanka and Wijeya Newspapers Limited, have joined hands to give Airtel customers’ free data to browse online

The tourism and power generation segments boosted Aitken Spence PLC’s profits while the group’s key maritime and logistics sector remained steady as the diversified conglomerate reported a significantly better financial performance for th

Petroleum Resources Development Minister Arjuna Ranatunga this week told reporters that the Cabinet approval has only been granted for a fuel pricing mechanism and not for a formula, as claimed by the Finance and Mass Media Ministry.

REUTERS: The Sri Lankan rupee ended marginally firmer yesterday on late exporter dollar conversions, but traders expect the currency to be under pressure from a possible slump in the country’s top agriculture export, tea, due to heavy rains.

The Petroleum Resources Development Ministry is planning to present a Cabinet paper within the next two to three weeks on the third round of liberalisation of Sri Lanka’s lubricant industry, based on a 2016 budget proposal, Petroleum Resources

The government’s target is to attract foreign direct investment (FDI) worth US $ 2.7 billion this year, Development Strategies and International Trade Minister Malik Samarawickama told Parliament yesterday.

Tourism and power generation segments boosted Aitken Spence PLC’s profits while the group’s key maritime and logistics sector remained steady as the diversified conglomerate reported a significantly better financial performance for the pe

Sunshine Holdings PLC’s (A-(lka)/Stable) plan to bring in new equity worth Rs.775 million from a private placement of shares should help the company deleverage and strengthen its balance sheet, Fitc

Responding to former Central Bank Governor Ajith Nivard Cabraal’s claim that govt.’s net borrowings equal to foreign reserves, the Central Bank yesterday without any reference to Cabra

Kerosene sales have declined by a whopping 400 percent since the removal of the kerosene subsidy this month, indicating large scale abuse of kerosene for adulteration of more expensive distillates and greater industrial use of the fuel, Petroleum Res

Teejay Lanka, one of the region’s largest textile manufacturers, has announced a doubling of capacity of its Indian mill, following the completion of an expansion project involving an investment of US $ 15 million (approx. Rs.2.3 billion at cur

Former Central Bank Governor Ajith Nivard Cabraal yesterday charged that the net borrowings by the present government almost equal the country’s current foreign reserve stock and hence, hinted that the pressure on the rupee is not unwarranted a

Baur & Co. (Pvt.) Ltd has announced the appointment of Rolf Blaser as the company’s CEO/Managing Director with effect from October 1, 2018. 

On or around May 16, 2018, pursuant to an application made by two directors of Global Grange Lanka (Pvt.) Limited, namely Raj Matharu and Harpal Matharu, the Commercial High Court of Colombo granted interim orders restraining the company and its othe