Sampath Bank PLC last week announced plans to issue debentures to raise up to Rs.6 billion in view of the BASEL III capital adequacy rules and also to support growth. 

The mandatory offer made on the balance shares of the troubled Multi Finance PLC by its majority shareholder, Fairway Holdings (Pvt) Limited, ended last week with very little response from the minority shareholders.

The International Chamber of Commerce Sri Lanka (ICCSL), the sole authorized entity in the country to issue ‘ATA Carnets’, has streamlined the issuing of the permits by reemphasizing that the ATA Carnet is the perfect choice for  a h

The Sri Lanka–Italy Business Council of the Ceylon Chamber of Commerce held its 18th annual general meeting (AGM) at the Ceylon Chamber of Commerce recently.

The International Fund for Agricultural Development (IFAD) and Government of Sri Lanka signed the financial agreement recently for the implementation of the Smallholder Agribusiness Partnership (SAP) Programme.

The informal micro sector and small and medium entrepreneurs (SMEs) will soon get a ‘shot in the arm’ to boost their businesses through a combined initiative of Commercial Bank, Sri Lanka Telecom (SLT) and the programme initiator CH17 Loy

The World Capital Centre (WCC) signed a US$ 2 billion investment agreement with the Board Of Investment (BOI) yesterday, for the much hyped and long awaited tallest building in the Asian region and the 9th tallest to be in the world.

Spain has well recognized the foreign policy of Sri Lanka and it has helped much to strengthen diplomatic ties between Spain and Sri Lanka, says Ambassador of Spain in Sri Lanka Jose Ramon Baranano Fernandez.

Global debt has grown by US$75 trillion to $217 trillion in the decade since the 2007-08 financial crisis, reaching US$28,900 for every man, woman and child in the world according to a new report. Global debt levels surge.

REUTERS: The Sri Lankan rupee traded steady yesterday as mild importer dollar demand was offset by greenback sales by exporters and banks, while expectations over a rise in imports pressured the local currency, dealers said.

Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator has asked the Ceylon Electricity Board (CEB) to develop 12 new scenarios which will provide different power plant combinations to generate electricity for next 20 year

AFP: Asian markets went into reverse yesterday after Wall Street and Europe suffered hefty losses in response to Central Banks’ signals that the end to the era of cheap money was drawing near.

ICEI and Overseas, international organisations together with ‘Ecowave’, which is a local social enterprise, had successfully worked on areas of rural development and eco-tourism in Sri Lanka since the year 2005. 

The late Dr. Saman Kelegama was a highly regarded intellectual and professional who was closely associated with the National Chamber of Exporters of Sri Lanka (NCE) almost from the inception and rendered yeoman services to the chamber over the years

In accordance with the long term economic cooperation between Sri Lanka and Japan, the government of Japan has agreed to provide grant assistance of Japanese Yen 2,503 million ( Approximately Rs. 

DFCC Bank bagged two merit awards at the LankaPay Technnovation Awards 2017, Sri Lanka’s first and only payment technology innovation awards, organized by LankaClear Ltd. Held at the Balmoral

When glancing at a glittering jewel or an intricate piece of jewelry, one rarely pauses to think of the tale that lies behind the glimmer and shimmer. 

The national LP Gas supplier in Sri Lanka – Litro Gas was awarded the “Best Digital Integrated Campaign” at Sri Lanka’s first Digital Excellence Award ceremony – SLT Zero One Awards organized 

Swim Week Colombo, with its title partner Olu Tropical Water presents the second edition of Fashion Films at Swim Week Colombo. A collaboration of  two creative streams of fashion and films where

The Ceylon Chamber of Commerce appointed Rajendra Theagarajah as its new Chairman during its 178thAGM held yesterday in Colombo. 

The government may have to attract foreign expertise in order to wrap up the free trade agreement (FTA) negotiations with China, India and Singapore, Sri Lanka’s Foreign Affairs Minister Ravi Karunanayake said this week.

A research study yesterday revealed that the proposed ban of chrysotile, a key element used to manufacture roofing sheets, popularly known as asbestos, would have a number of negative socioeconomic consequences to Sri Lanka.

The Colombo Stock Exchange (CSE) is to take punitive actions against the listed entities which fail to meet the minimum public floating rules even after the grace period, by way of transferring them to the ‘Watch List,’ but the instructio

REUTERS: The Sri Lankan rupee ended weaker yesterday due to dollar demand from importers and as an expected rise in imports pressured the local currency, dealers said.

The Central Bank says Sri Lanka’s households are increasingly getting enmeshed in a vicious debt spiral as a result of heavy consumption borrowings, which are neither productive nor sustainable, hence vowed to squeeze such lending flows.  

SriLankan Airlines has won rights to carry out its own on-board duty free operations as the Commercial Court of Colombo last week refused interim injunctions sought by DFP Canada Ltd. against the national carrier.

REUTERS: Sri Lankan stocks edged higher yesterday led by shares of diversified companies as foreign buying continued, while concerns over a proposed tax bill weighed on overall  investor sentiment.

Sri Lanka will be hosting its first Asian Business Angel Forum (ABAF) 2017, in October with the participation of some of Asia’s most prominent Angel investors, venture capitalists, high networth individuals and other key stakeholders. 

Building on its winning legacy, Gestetner of Ceylon PLC once again won resounding recognition for its tremendous sales performance over the past year, rising above its peers in the Asia Pacific region to win the Ricoh  Asia Pacific Award for Out

Two 7-Star wheat flour variants in the Serendib Flour Mills (SFML) portfolio recently received SLS certification from the Sri Lanka Standards Institution (SLSI), making 7 Star Flour, the first wheat flour brand in the country to receive the certifica