Indian bath fittings and sanitary ware products maker Jaquar group is set to open up 5, 000 to 6, 000 square feet exclusive showroom under its ‘Jaquar World’ concept, Indian media reports said. Along with Sri Lanka, Jaquar is planning to

The fast growing Pakistan-based MCB Bank recently declared open its newly refurbished Pettah branch, as part of its drive 

Leading non-bank lender LB Finance PLC yesterday said it raised Rs.3 billion by way of a debenture issue.

Edelweiss, Switzerland’s leading leisure airline and sister company of Swiss International Air Lines is further expanding its route network to Asia.  From November 3, 2018 the airline will offer seasonal flights between Zurich and Col

REUTERS:  Shares fell slightly yesterday, hovering near a more than two-month closing low hit early last week, with telecom stocks leading  the decline.

A seminar on the new Foreign Exchange Act will be held on December 12th at Ramada Hotel from 2 p.m. to 5 p.m. The Act  came into effect from 20th November 2017, replacing the existing Exchange Control Act and liberalizing the existing Exchange C

REUTERS: The Sri Lankan rupee closed steady yesterday as dollar inflows through inward remittances and exporter greenback sales offset the importer demand for the U.S. currency, dealers said.

The Jaffna International Trade Fair (JITF 2018), the largest consumer exhibition and trade fair in the fast-growing northern region will be held from 26th to 28th January. 

For the seventh consecutive year, MTI Consulting will be carrying out the CEO Business Outlook Survey in association with the Wijeya Newspapers Group.  The annual survey which will be conducted during the last weeks of December 2017, with the re

Earnings of the listed corporates in Colombo bourse for the September quarter suffered a setback for the first time in many quarters amid key sectors recording dwindling profits, which mirrored the debilitating effects of the slowdown in consumer sp

The 53rd Annual Report Awards organized by CA Sri Lanka will be held today under the patronage of Prime Minister Ranil Wickremesinghe, who will be the chief guest, while Speaker of Parliament Karu Jayasuriya will be the guest of honour. 

Ascot Holdings PLC closed its mandatory offer with the acquirers upping their stake to 67.18 percent from the 45.16 percent they held prior to the offer announcement.  A consortium of local and foreign shareholders on October 24 bought 44.98 per

Allianz Lanka has extended its support to the Sri Lankan Paralympic team by another two years. Allianz, which has been a partne

MullenLowe Sri Lanka announced the appointment of Abhishek Hariharan as Associate Vice President and Head of Strategic Planning

On International Volunteer Day, which is celebrated universally on 5th December, to foster a spirit of volunteerism amongst individuals and organizations

Sampath Bank announced that its local merchant partners will now be able to accept UnionPay credit and debit cards for Point of Sale (POS) payments.

Young entrepreneur Rohanthi Wijewickrama, the Founder/CEO of Sri Lankan children’s products company Quebee Den (Bellybees), was invited to participate in the eighth annual Global Entrepreneurship Summit, held by the USA and India, recently.&nbs

As the first week of December rolls around, we all groan in anticipation of finding the perfect gifts for our family and friends, managing our holiday expenses and dealing with empty wallets after the season is over. So, we often dread the Christmas

With over 12 outlets spread across the country, Barista has made its name as the largest international coffee chain in Sri Lanka. Having first been established in the year 2002, Barista is now at its peak within the café scene, with a growing

Arpico mattresses, Sri Lanka’s pioneer and leader in mattress manufacturing, recently extended its operations to the international market by launching the Arpico Mattress range in India.

Sri Lankans’ medical spending has spiked in November, pushing up the overall consumer prices for the month, perhaps a sign that the profusely higher food prices have either shocked them to the core or the cut down in their daily food nutritiona

The long-awaited initial public offering (IPO) of Jetwing Symphony will open up for subscription on December 14.

The industrial zone to be built in Bingiriya would be developed as a public-private partnership (PPP), revealed Prime Minister Ranil Wickremesinghe. He said the Treasury would be one partner of the PPP while a suitable partner would be sought from th

Ascot Holdings PLC last week disclaimed the liability for a secondary mortgage bond, which has been issued under its subsidiary, Ascot Development Private Limited, mortgaging its property on T.B. Jayah Mawatha in Colombo 10 for Rs.350 million to a pr

Sri Lanka’s fastest growing life insurance brand Softlogic Life has become the first ever Sri Lankan brand to emerge winners in the prestigious 

In a strategic move to bring greater benefits for drivers and patrons, homegrown taxi hailing service PickMe reduced its three-wheeler fares to Rs.33 per kilometer, from a previous fare of Rs.35 per kilometer.  

No partnership between India and Sri Lanka is as strong as the historic Indo-Lanka trade pact inked way back in 1998.

While the budget 2018 has promising policies with regard to making electric vehicles (EVs) popular, it simultaneously has handicapped the ability to reach the set target, according to EV Club Sri Lanka. 

In addition to the concessions granted to the tourism industry through Budget 2018, the Ministry of Tourism Development has also made other specific requests to the Finance Minister. These requests include reverting to the previous excise licensing h

South Asia’s ambitious plans to meet its climate targets under the Paris Agreement represent US$3.4 trillion worth of investment opportunities in cities and infrastructure by 2030, a new report released yesterday by International Finance Corpor