REUTERS: Sri Lankan shares closed at their lowest in more than four months yesterday, with foreign investors selling risky assets in lacklustre trade, while the daily turnover got a boost from block trades. The Colombo stock index resumed trade after

At a time when even the century-old indigenous industries are failing to build the local brands competing with global giants, a Sri Lankan brushwear maker is slowly making inroads into the global market with its own branded products.    

Sierra Cables PLC, which is currently in an expansion mode, will be investing Rs.120 million on new storage facilities to meet the expected local and export demand, according to the firm’s latest annual report.

The 1st of September saw the entire insurance industry of Sri Lanka celebrate a day dedicated solely to their profession. 

An exclusive exhibition on complete workplace solutions, ‘Office 2017’ has been scheduled to commence on the 29th, 30th September to 1stOctober at the Sirimavo Bandaranaike Memorial Exhibition Centre in Colombo.

While discussing ways and means of achieving sustainable development invigorated by the Belt and Road Initiative (BRI) of China participated by 65 countries, the Pathfinder Foundation (PF) and Shanghai Institutes for International Studies (SIIS) duri

Sustainability is a key driver of corporate success and no longer a buzz word, says Eardley Perera, Chairman of the Panel of Evaluators of the Best Corporate Citizen Sustainability Award 2017. “Sustainability is no longer a buzz word. Today, it

The 1st of September 2017 saw the entire Insurance industry of Sri Lanka celebrate a day dedicated solely to their profession. The launch of Sri Lanka’s first National Insurance Day took place at the 

Mastercard announced the extension of the globally acclaimed LoungeKey airport access program to all World and PlatinumMastercard cardholders in Sri Lanka.

The 3W Group (Third Wave Group), is celebrating 20 years driving innovation and change in the corporate and retail sectors in Sri Lanka and the region.

Dilma founder Merrill J Fernando has asked the government to avoid meddling with plantations and allow an independent authority led by ex-planters to run the industry, as the ‘golden shareholder model’ introduced three decades ago has fai

Indra Traders (Pvt) Ltd Managing Director Rushanka Silva was appointed as a Director of Sampath Bank PLC last week, replacing Ranjith Samaranayake, who retired after reaching his 70th birthday.

Pan Asia Banking Corporation PLC (PABC) now operates with a single mission of meeting its minimum regulatory capital base of Rs.10 billion by January 1, 2018 to make good on the promise it made to the regulator a couple of years ago since it pledged

REUTERS: Norway’s US $990 billion sovereign wealth fund, the world’s largest, this week proposed to streamline its fixed-income portfolio by shortening maturities and cutting corporate bonds and some 20 currencies from the benchmark it tr

AFP: Nigeria has exited its worst economic recession in more than two decades, notching up growth of 0.55 percent in the second quarter of 2017, the National Bureau of Statistics (NBS) said yesterday. Data showed that the economic recovery was driven

LVL Energy Fund Limited (LEF), a subsidiary of Lanka Ventures PLC, has applied for a Rs. 1.2 billion initial public offering (IPO) at the Colombo Stock Exchange to expand its investments and settle existing debt.

Shazna Zuhyle, a Research Manager at LIRNEasia, will be chairing a session at the 8th Meeting of the Expert Group on Telecommunication/ICT Indicators of the ITU (International Telecommunications Union), starting 12 September, in Geneva. 

Central industries PLC won the ‘CNCI Top Ten Awards’ (Extra-large category Manufacturing) 2017’ which is presented annually by CNCI for Industry and Services Excellence. Central industries PLC is the producer of Sri Lanka’s fo

Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, today announced that it has been awarded three 

Allianz Lanka, in a bid to provide their customers with greater access to their world class services, opened a new city office at No.251, Dharmapala Mawatha, Colombo 07. Serviced by an experienced

Leo Burnett Sri Lanka, the local office of the globally recognized advertising agency Leo Burnett Worldwide, recently completed the fifth annual Leo Burnett Masterclass programme. Being the only 

The Chartered Institute of Marketing (CIM) Sri Lanka will be hosting its third CIM CEOs Breakfast Forum for this year on September 13, 2017, at Union Ballroom, Hilton Colombo Residences, from 7:30 a.m. onwards.

Demonstrating its digital prowess, Litro Gas Lanka Limited (LGLL), the largest importer and supplier of LP Gas in Sri Lanka won high honours at the ZeroOne Awards organized by Sri Lanka Telecom, clinching the Best Digital Integrated Campaign award un

Sri Lanka’s Tourism Development and Christian Affairs Ministry will begin actively enforcing the provisions of the Tourism Act No. 38 of 2005 with regard to the informal sector operators who have not registered their businesses with the Sri Lan

At the recently held progress review meeting of the Public Enterprise Development Ministry, chaired by Minister Kabir Hashim, it was revealed that Kurunegala Plantations Ltd has provided Rs.35 million to the Treasury from their profit of Rs.155 milli

The 17th annual general meeting (AGM) of the Sri Lanka Thailand Business Council (SLTBC) was held at Waters Edge, Battaramulla recently under the patronage of council President Rizan Nazeer. 

Public Enterprises Development Minister Kabir Hashim recently stressed the need to urgently iron out the issues in the country’s gem and jewellery sector so that the economy can reap the benefits of its full potential.

REUTERS: The Sri Lankan rupee ended firmer yesterday as dollar selling by exporters and banks outpaced importer demand for the US currency, dealers said. The spot rupee ended at 152.45/55 per dollar, compared with Thursday’s close of 152.70/75.

AFP: Global stock markets slid yesterday as investors sought safer bets after North Korea claimed to have tested a hydrogen bomb, one week after firing a ballistic missile over Japan.

Sri Lanka witnessed the entrance of a new Japanese brand of automotive filters entering the local market with the launch of Fuji Filters.