Knitted fabric maker Teejay Lanka PLC saw its performance in the most recent quarter being hit by a combination of factors, which included competition, higher raw material prices and overheads, finance costs and expiration of the tax holidays.  

Janashakthi Insurance PLC was recognized for its work as a responsible corporate citizen at the Fintelekt Insurance Awards 2017 held in Mumbai, India, recently. The insurer received the ‘Corporate 

BBC: The price of tomatoes has risen so much in India that armed guards have been deployed to protect shipments of them in one state.

Sampath Bank PLC’s board of directors last week gave approval to raise as much as Rs.7.6 billion in fresh equity via a rights issue to comply with enhanced capital requirements under the BASEL III accord.

Asserting that transforming Sri Lanka’s export sector is probably the most crucial economic challenge the country now faces, the Central Bank Governor Dr. Indrajit Coomaraswamy recently highlighted the importance of giving prominence to high-te

It appears that Sri Lanka’s Securities and Exchange Commission (SEC) believes in the old adage ‘prevention is better than cure,’ as the country’s stock market regulator has proactively taken action to prevent securities law vi

In continuing to offer their customers the best leasing solutions in the market, Sampath Bank has once again introduced the lowest vehicle leasing interest rate in the country. Starting June 2017, 

Hayleys Advantis Limited broke ground for a Mega Distribution Center (DC) in Kotugoda, on Friday 28th July, paving the way for the construction of the largest facility of this nature in the country

Union Bank announced its partnership as the Premium sponsor of the Annual Export Awards organized by the National Chamber of Exporters (NCE) of Sri Lanka. 

Equity Investments Lanka Limited (Equill), a venture capital and investment company, is actively looking for investment opportunities in the form of risk capital in small and medium sized businesses.  Equill views the high level of economic acti

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) felicitated the new Inland Revenue (IR) Commissioner General Ivan Dissanayake at a ceremony held recently. 

Commenting on the completion of 14 years since MTI set-up its fully-owned Bangladesh subsidiary and coinciding with MTI CEO’s visit to Dhaka, Saima Mazhar (Country Manager) said, “Our Sri Lankan operations have provided an excellent learn

AFP: German auto giants Volkswagen, BMW and Daimler were hit with lawsuits this week charging the companies colluded illegally to drive up the prices of their cars.

AFP:  Asian markets tumbled yesterday to end two days of gains as a US tech sell-off spread to the region, adding to concerns over corporate results.

Bimputh Finance has been presented with awards covering many areas this time for the excellent service rendered.

The 17th edition of the ‘Culinary Art Food Expo’ organized by the Chefs’ Guild of Lanka and CDC Events & Travels Pvt. Ltd., was inaugurated by President Maithripala Sirisena at the Bandaranaike Memorial International Conference

Foreign Minister Ravi Karunanayake was invited by the Rotary Club of Colombo West as the guest speaker at its luncheon meeting chaired by President Roshan Perera, with Rtn Pravir Samarasinghe, Secretary Harsha Rajan and Governor Senaka Amarasinghe at

The Ninth Annual General meeting of the Indo Lanka Chamber of Commerce & Industry (ILCCI) was held recently at Taj Samudra Colombo.

REUTERS: The Sri Lankan rupee was steady yesterday as inflows from inward remittances offset importer dollar demand, dealers said. 

In line with the bank’s 78th anniversary celebrations, Bank of Ceylon (BOC) is set to conduct an art competition, ‘Little Picasso’ among schoolchildren and reward their talents with valuable gifts. 

99X Technology held Sri Lanka’s first-ever technical meetup on the open source web framework Serverless earlier this month. The event saw some awesome cutting-edge globally trending tech 

The Mercantile Volleyball Association of Sri Lanka is once again organizing the annual Mercantile Volleyball Tournament in a bid to popularize the national sport and to widen interest in the game in the 

Amãna Takaful PLC (ATL) the only fully-fledged Takaful operator in the country and the flag bearer of the Takaful way of insurance in Sri Lanka, recently relocated its Akkaraipattu Branch with the intention

The Sri Lanka Debaters Council will compete in the World Schools Debating Championship (WSDC) in Bali, Indonesia in August. The team consists of 3 members from the 2016 team; Anish Fonseka 

Nestlé Professional, Nestlé’s out-of-home food and beverage solutions provider, has joined hands with the Chefs Guild of Lanka to become Diamond Sponsor for Culinary Art Food Expo 2017.

The Maldives attracted 85,222 visitors in June 2017 recording a 7.8 percent growth compared to 12 months ago, with the momentum of arrivals growth from Europe cushioning a decline in visitor levels experienced  from China.

Dr. Ali Asgar Shabbir Gulamhusein yesterday bought 61 percent of Ceylon and Foreign Trade PLC (CFT), represented by 85.6 million shares in a Rs.430 million deal.

Development Strategies and International Trade Minister Malik Samarawickrama has asked International Trade State Minister Sujeewa Senasinghe to appoint an independent committee to look into recent allegations made by Justice and Buddhasasana Minister

Sri Lanka Telecom PLC (SLT) has incorporated a private limited company in the name of ‘Galle Cable Depot (Pvt) Ltd.’ for the purpose of carrying out the business of constructing, providing and managing a cable depot in Galle. The incorpor

Sri Lanka’s corporate sector figure Samantha Rajapaksa has been appointed as a Non-Executive Director of state banking giant Bank of Ceylon (BOC) by Public Enterprise Development Minister Kabir Hashim.