Hatton National Bank PLC’s (HNB) September quarter profit came under pressure amid significant credit costs charged against the profits, while the core banking operations moderated amid the slowdown in demand for new loans. 

The third edition of the Intex South Asia 2017 exhibition was declared open by Prime Minister Ranil Wickremesinghe at the Sri Lanka Exhibition and Convention Centre (SLECC), yesterday. The three-day exhibition will conclude on November 17, 2017.

Global Entrepreneurship Week (GEW) 2017 which is held from November 13th to 19th this year, is celebrating 10 years of unleashing ideas and creating one global entrepreneurship ecosystem through its events and activities.

Credit rating agency Fitch yesterday said the recent budget proposals to change the taxation structure on beer and hard liquor products would see the former regain some of the market share it lost to the latter over the past year, although the credit

As the world continues to see stronger storms, faster spread of wildfires, and water levels rise, one organization is taking action and inviting world thought leaders into the

Janashakthi Insurance PLC created history at the recently held Effie Awards 2016, winning the coveted Gold Award in the Insurance category.This was the first Gold won in the insurance

Representing Sri Lanka with 2 Quality Circles, the DSI Samson Group emerged as the Gold Award winners at the recently concluded International Quality and Productivity Convention 2017

Janashakthi Insurance PLC (Janashakthi) reported a consolidated Gross Written Premium (GWP) of Rs.11.047 billion for the nine months ended 30th September 2017

Admiral Dr. Jayanath Colombage, Director Pathfinder Foundation said that the Indian Ocean Region is a region of “strategic competition, strategic alliances for some major powers against others and strategic dilemma for smaller and less powerful

The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) and the Institute of Policy Studies of Sri Lanka (IPS) will host a joint lecture by Dr. S. Narayan, former Finance Secretary of India, on ‘India-Sri Lanka

The European Union (EU) launched one of the largest programmes of development support in the country. 

In a media statement, the Tea Exporters Association (TEA) yesterday welcomed the government’s budget for 2018 especially the proposals for trade reforms presented to the parliament by Finance Minister Mangala Samaraweera last week. 

In a media statement about the tax increase on packaging raw materials under the proposed budget, the Sri Lanka Laminated Flexible Packaging Manufacturers’ Association says that the tax increase will only have a negative impact on the public wh

Haycarb PLC appears to be caught up in a prolonged supply chain issue as the company known for activated carbon making is now struggling to source continuous supply of charcoal and its attempt to pass on the increased cost to the buyers has had 

Steps are being taken to promulgate regulations related to all adventure tourism activities in Sri Lanka. Ten advisory committees have been appointed for each field of the adventure tourism service to setup international standards.  As per the i

Despite ‘whistle-blowing’ being made a mandatory requirement for listed companies by its regulator, the Securities and Exchange Commission (SEC), the benefit of the mechanism is yet to be fully reaped by the local entities, as the employe

Commercial Bank of Ceylon PLC (ComBank) reported solid performance for the July-September quarter (3Q17) as the lender expanded its loan book at exponential pace while improving both its asset quality and margins. 

Ceylon Tobacco Company PLC (CTC), a unit of British American Tobacco, saw its September quarter (3Q17) performance affected by lower volumes due to higher prices of cigarettes following an excise duty increase in fourth quarter, last year.

The diversified Richard Pieris and Company PLC (RICH) managed to maintain a 2 percent growth in its bottom line for the second quarter of the 2018 financial year (2Q18), compared to the corresponding period last year with a net profit of Rs.868.16&nb

REUTERS: The Sri Lankan rupee closed slightly weaker yesterday due to late importer demand for the U.S. currency as investors awaited clarity on budget policies announced last week, dealers said.  

Fitch Ratings yesterday gave thumbs up for the Budget 2018, which is widely hailed as a futuristic policy document, but did not fail to add that the country’s fiscal front still remains extremely vulnerable due to high government debt and large

The Daraz Black Friday sale will be livefrom the 20th to 27th of November, and if you're looking to buy a new smartphone, household appliances or even apparel, then you could get some

DFCC Bank, Sri Lanka’s fastest growing commercial bank, continues its commitment to the digital transformation of the country’s financial sector by using digital

Members of the Sri Lanka – Indonesia Business Council (SLIBC) recently attended the 32nd Trade Expo Indonesia that was held in Jakarta, as part of an ongoing effort to strengthen 

Get aboard the Ottoman Express for a fusion of culinary traditions with one pod of authentic Turkish Cuisine at the GRAZE KITCHEN, Hilton Colombo’s theatre of dining

next Sourcing, a fully-owned subsidiary of the retail clothing and accessory giant next PLC - UK, recognized and rewarded its supplier base at Suppliers’ Seminar 2017, held at Park Street Mews Colombo recently. 

An Asian Paints ‘Colour Ideas’ store, which focuses on colour as an idea rather than a product, was recently opened in Jaffna to offer consumers the right mix of inspiration and detail in the world of painting.

In response to the relentless speed of change and the impending disruption that industry 4.0 will bring to business and global community, Hummingbird International, which was a representative of 

After the initial prototypes of the 40s, Fender gave birth to the Stratocaster in the early 50s and the instrument would eventually become the standard by which all other guitars are measured. 

Ceylon Tapes (Pvt.) Ltd, the pioneer adhesive tape producer in Sri Lanka and a fully-owned subsidiary of Lankem Ceylon PLC, was recently awarded the ISO 9001:2015, ISO 22000:2005, GMP and HACCP certifications by Indexpo Certification Ltd for achievin