The local unit of Indian Oil Corporation Limited, Lanka IOC PLC, reported a net loss of Rs.340.1 million or 64 cents a share for the October-December quarter (3Q18) from a comparable period net profit of Rs.257.5 million or 48 cents a share. 

The Sri Lanka-Singapore Free Trade Agreement suffers from the traditional faults of Sri Lanka negotiating weaker free trade agreements (FTAs) and the country should look towards unilateral reforms and liberalizations instead of FTAs to get the requir

REUTERS: Sri Lankan shares rose yesterday after two straight sessions of decline, helped by gains in Ceylon Tobacco Co on foreign investor buying.

REUTERS: The Sri Lankan rupee ended firmer yesterday, recovering from a record low hit in the previous session, as banks and exporters sold dollars, dealers said.

United Tractor and Equipment (Pvt.) Ltd (UTE), as the sole authorised dealer in Sri Lanka for Caterpillar heavy machinery and equipment, achieved another milestone in its proud history when it hosted the annual Caterpillar Far East Dealers Associatio

Urban.lk supplies the trendiest and the newest items all around the world, and is driven by the ambition of ‘Revolutionising the Sri Lankan shopping experience’ while guaranteeing the safety and the peace of mind customers deserve when sh

Imperial Spices, a leading exporter of spices was presented with the much coveted Gold awards for Excellence in Business and Financial Results and Export Sector (Large Category) and a Silver award in Large category at the National Business Excellence

McLarens Containers (Pvt.) Ltd, its associate second facility, Multimodal Container Terminal Ltd, and the Repair and Fabrication Company, McLarens Container Refurbishers Ltd, were officially awarded ISO 9001:2015 Quality Management System Certificati

As Sri Lanka celebrated the 150th anniversary of Ceylon Tea in 2017, Emirates marked its 25 year partnership with Dilmah, the country’s premier tea brand.

The Institute of Certified Management Accountants of Sri Lanka (CMA) will conduct a workshop on ‘Company Secretarial Practice’ on January 25 and 26, 2018, from 9:00 a.m. to 4:30 p.m., at Renuka City Hotel, Colombo 3.

The Education Ministry signed a memorandum of understanding (MoU) with the Securities and Exchange Commission of Sri Lanka (SEC) yesterday to formalise the provision of trilingual financial education among school teachers and students in Sri Lanka.&n

As the official banking partner for the Fairway Galle Literary Festival scheduled from 24th to 28th January 2018,

A few decades ago, the ‘Personnel’ department, as it was once known, was somewhere employees would go to seek

The Standard Chartered (StanChart) global research team yesterday said they are expecting an above 25 basis points (bps) hike in Sri Lankan policy interest rates this year to build a buffer for foreign exchange reserves, as the country’s extern

Diversified conglomerate Hemas Holdings PLC’s acquisition of stationary manufacturer Atlas Axillia (Private) Limited will improve the group’s defensive cash flow across economic cycles, ratings agency Fitch Ratings  said yesterday.

The Finance Ministry is still consulting with banks to clearly identify transactions that would be liable for the Debt Repayment Levy which was introduced in the 2018 budget, a ministry advisor said.

The Central Bank of Sri Lanka will be filming two documentary dramas (docudramas) which are aimed to create public awareness on the issues related to microcredit, which has so far resulted in a number of suicides in rural areas.

Today Sri Lanka is steadily positioning herself as a regional economic hub, thanks to the revitalization of foreign

DFCC Bank became the first bank in Sri Lanka to partner with the National Eye Bank (NEB) in conducting

Ceylon Cold Stores PLC, a unit of the John Keells group, which has interests in soft drinks, ice creams and supermarkets, saw a significant fall in its December quarter earnings amid higher sales costs, the interim accounts released to the Colombo bo

REUTERS: Sri Lankan shares declined yesterday, marking their eighth session of fall in nine, as investors sold banking stocks in dull trade. The Colombo Stock index ended 0.34 percent weaker at 6,421.40. On Thursday, it closed at its lowest since Dec

Trans Asia Hotels PLC saw its earnings halved during the December quarter compared with the corresponding quarter of the previous year amid lower top line gains, the interim financial accounts released to the Colombo Stock Exchange showed.

REUTERS: The Sri Lankan rupee closed slightly weaker yesterday as dollar demand from importers and banks surpassed mild selling of the US currency by exporters, dealers said.

Sri Lanka’s Credence Genomics will collaborate with India’s Apollo Hospitals Group to provide cutting-edge diagnostic services for infectious diseases for patients in India, starting with Chennai, Tamil Nadu.

Sri Lanka’s plans to nurture small and medium-sized enterprises, as part of its longer-term bid to achieve upper-middle-income status, will be explored in a report due out in the coming months by the global research and consultancy firm Oxford

The recent developments in the supply chain of Ceylon Tea was an eye opener for the local tea industry. 

According to a World Bank report titled ‘The challenge of youth employment in Sri Lanka’ educated young people make up a third of Sri Lanka’s unemployed, while young workers in informal employment account for a third of the total wo

Staying indoors to stay away from soaring heat can be always tricky when there is less protection from sunlight, ultraviolet (UV) and infrared rays (IRs). However, the perfect solution for that has already hit the Lankan market. 

Following the tremendous success of the Scan Jumbo Peanut ‘Cycle Wassa’ promotion over the past 3 years, the Scan Products Division of C.W. Mackie PLC decided to go a step further by introducing the Scan Jumbo Bonanza Consumer Promotion.&

Federation of European Screen Printers Association will conduct FESPA ASIA, Asia’s largest exhibition for screen and digital printing from 22nd to 24th February in Bangkok, Thailand.