State-owned Lanka Sathosa shopping chain has dramatically ascended to become the largest retail player in Sri Lanka, beating all other local supermarket brands unmistakably.

Jetwing Symphony Limited rang the opening bell to commence trading and celebrate the listing of its shares as the first listing at the Colombo Stock Exchange (CSE) for 2018. 

AFP: The equity rally that has kicked off 2018 continued yesterday, with Asian markets picking up the baton from another set of records on Wall Street. Dealers are now turning their attention to the release later in the day of key US jobs data, which

The Monetary Board of the Central Bank has extended the suspension on controversial primary dealer Perpetual Treasury for a period of six months from January 5, 2018.

Synapsys, the FinTech subsidiary of DFCC Bank, recently signed an agreement with Tenaga Car Parks (Pvt

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AFP: China will invest US$1 billion in the construction of three 60-storey buildings at a mega-project near Sri Lanka’s main port, Colombo, as Beijing aims to boost its influence in the Indian Ocean.

Creating the perfect opportunities for industries to prosper, Lanka Exhibition and Conference Services (Pvt.) Ltd (LECS) has been a true facilitator of trade for well over a decade.

Former Director General of the World Trade Organisation (WTO) Pascal Lamy, inter-ministerial delegate in charge of the preparation of the French candidature for the World Expo 2025 will arrive to Sri Lanka on January5thto present the French bid.

The first sale of the year concluded this Wednesday had on offer 5.8 million-kilograms. Low Growns (large leaf teas) witnessed a buoyant market whilst weak demand was encountered by the high and mid grown small 

The Hindu: Pakistan’s central bank has allowed the Chinese yuan to be used for bilateral trade and investment activities, a move which could replace the US dollar for transactions in strategic CPEC projects.

Chandula Abeywickrema, the Chairman of Lanka Impact Investing Network (Pvt.) Ltd (LIIN), the first impact investing private equity fund and network of Sri Lankan Impact Investors and the Co-Fonder of Ath Pavura, the first TV reality show for social e

The apex hotel association in the country yesterday expressed dismay over ‘no locals allowed’ policy of certain hotels in the country, who are not the members of their association.

Cargills Bank Limited made a recurring net loss of Rs.16 million for the third quarter ended in September 30, 2017 from a profit of Rs.26.4 million during the corresponding quarter last year, as loan loss provisions rose and operating expenditure swe

Over 502 million ordinary voting shares of Jetwing Symphony Ltd. will debut on the Colombo Stock Exchange today. The share under the security code JETS-N-0000 will be listed on the secondary Diri Savi Board.

Renuka Capital PLC, formerly Kalamazoo Systems PLC, this week bought 2.1 million shares or 12.25 percent of On’ally Holdings PLC, the owners and operators of the Unity Plaza building in Bambalapitiya, for Rs.103 million.

DFCC Bank PLC yesterday announced its director board’s decision to raise up to Rs.7 billion as Basel III compliant subordinated debt. 

The Central Bank will transition towards a Flexible Inflation Targeting (FIT) framework by 2020 under a new Monetary Law Act, Central Bank Governor Dr. Indrajit Coomaraswamy said this week.

The Central Bank will tighten the screws when regulating the Non-Banking Financial Institutions (NBFIs) going forward and remain committed to consolidation in the financial sector, Central Bank Governor Dr. Indrajit Coomaraswamy said.

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GroupM Sri Lanka became the country’s most awarded media agency in 2017, successfully adding another

Since the withdrawal of the United States from the 12-country Trans-Pacific Partnership (TPP) early this year, the once promising mega trade deal has lost momentum. 

All goals for the year ahead and plans that one wishes to see to fruition will be that much easier to achieve if one is healthy. With this in mind, Nations Trust Bank (NTB) American Express (Amex) cards entitle card-members to exclusive savings and p

PickMe, Sri Lanka’s most innovative ride-hailing service announced the appointment of Isira Perera as the Chief Operating Officer (COO) with effect from December 1st 2017.

DHL Express, the world’s leading international express services provider, has been named 2018 Top Employer for Asia Pacific as well as eight countries in the region: Australia, Hong Kong, India, Malaysia, New Zealand, the Philippines, Singapore

Dinara Clothing (Pvt.) Ltd seized the Silver award in the large-scale category for the Central Province at the Entrepreneur of The Year Awards 2017 organised by Federation of Chambers of Commerce and Industries of Sri Lanka (FCCISL).

Sri Lanka’s pioneer private healthcare provider, Nawaloka Hospitals recently installed the second MRI scanner to offer more accurate and efficient diagnostic and imaging services which will avoid waiting times for 

REUTERS: The Sri Lankan rupee closed steady yesterday in dull trade, as demand for dollars from importers and banks offset conversion of the US currency by exporters, dealers said.  

A new Banking Act and a new bank monitoring system will be introduced soon, the Central Bank said yesterday in its Road Map for 2018.

The members of the Gulamhusein family have obtained a series of interim orders against Ali Asger Shabbir, the youngest son of the reputed businessman, the late Dr.Shabbir Abbas Gulamhusein, regulating the affairs of Adamexpo Limited. Ali Asger Shabbi