Sri Lanka is ranked as the 90th most innovative nation in the world this year, showing a one-position improvement from last year, according to the United Nation’s Global Innovation Index report released yesterday.  

REUTERS: Sri Lankan shares rose yesterday to hit a near three-week closing high as heavyweights John Keells Holdings Plc and Commercial Bank of Ceylon Plc gained.

The ‘oil mafia’ is rearing its head in the Ceylon Electricity Board’s ‘2018-2037 Least Cost Long Term Generation Expansion Plan’ (LCLTGEP) to destabilize reliable power generation, according to experts who spoke at the P

ECONOMYNEXT: Dart Global Logistics has won a 30-year lease on a two-acre block of land in Muthurajawela, a marshland North of the Colombo port, part of which has been declared a logistics zone

Reuters: The Sri Lankan rupee closed slightly weaker yesterday as dollar demand from importers outweighed selling of the U.S. currency by exporters, dealers said.

The Hayleys group announced its entry into digital marketing e-commerce platform through the launch of its latest website www.hayleystea.com, to promote the finest garden fresh Pure Ceylon Teas from its own tea estates Kelani Valley and Talawakelle u

‘Marketing & Business Strategy’ authored by Lewie Diasz will be launched on June 19th at the Sri Lanka Foundation Institute. 

The second two winners of Caltex ‘Star Drive – Car and Bike Chase’ received their brand-new Bajaj Discover 125cc motorcycles plus a year’s worth of free engine oil at an event held at the Chevron House in  Colombo 3 recen

Flawlessly executing your favourite recipes within a short time span can often be an arduous, even impossible task. Yet, with the all new LG Neo Chef range recently launched by Abans, quickly preparing a diverse variety of perfectly cooked dishes can

Living with nature is a lifestyle that is healthy for us and the environment. What exactly is a healthy lifestyle? Simply put, living in a good natural environment, having a healthy diet, doing good deeds for the earth. 

Kotmale Sri Lanka’s leading dairy brand joined Cargills Food City Sri Lanka’s leading supermarket chain, to celebrate the World Milk Day recently. 

Commercial and industry security specialists, Certis Lanka Group that offers a myriad of different services and who are the premier service provider in loss prevention services in Sri Lanka, will be celebrating their 40th anniversary and awards night

Swim Week Colombo 2018, presented by OLU Tropical Water, will showcase the latest swimwear collections of eleven progressive Sri Lankan designers and three international designers.

Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, today announcedit has received the 2017 Pega 

Coca-Cola Beverages Sri Lanka Ltd. continued its proud tradition of refreshing pilgrims on their annual Poson Poya pilgrimage to the ancient capital of Anuradhapura. Coca-Cola set up kiosks, this year too,

In what appears to be an interesting revelation, Sri Lankans are seen increasingly borrowing to meet their housing needs defying the rising borrowing costs, as they seem to perceive more value in the money spent on a long-term asset created today tha

Colombo City Centre (CCC), which is currently under construction, this week entered into an agreement with the local brand, Scope Cinema, to house Sri Lanka’s first-ever six-screen multiplex within CCC with an investment of Rs.350 million, whic

Hayleys PLC, Seylan Bank PLC and Tokyo Cement Company (Lanka) PLC have been included among the latest S&P Sri Lanka 20 Index compiled by S&P Dow Jones Indices, as a result of the mid-index rebalance that has been carried out.

RUETERS: Sri Lankan shares yesterday bounced from their five-week closing low hit in the previous session, led by gains in conglomerate John Keells Holdings PLC and with foreign investors buying into the island nation’s risky assets.

Removing the domestic barriers to trade could cut the cost of Sri Lankan exports by 25 to 30 percent, according to the Colombo-based think tank Verité Researc

High Speed Railway Corporation (Pvt.) Ltd (HSRC), a company that plans to develop high-speed rail in Sri Lanka, has partnered with Castlepines Global Equities (CGE) (Japan office), an international equity investment company, in a bid to introduce the

The High Commission of Canada, as patron of the Sri Lanka Canada Business Council (SLCBC), hosted the 26th Annual General Meeting (AGM) of the SLCBC on June 13. 

Two teams comprising a total of four Burnetters were recently selected to represent Sri Lanka at the Young Lions competitions at the 64thCannes Lions International Festival of Creativity which will take

Bring your super dad over to the Graze Kitchen on the 18th of June 2017 from 12 noon to 3 pm to celebrate father’s day with a scrumptious brunch, unlimited brew along with a fabulous backdrop 

The Commercial Bank has commenced a week-long push at nine key branches to promote the use of the bank’s digital banking platforms such as online banking, mobile banking, e-Passbook and automated banking. 

In what appears to be an interesting revelation, Sri Lankans are seen increasingly borrowing to meet their housing needs defying the rising borrowing costs, as they seem to perceive more value in the money spent on a long-term asset created today tha

Sri Lanka’s leasing companies are likely to experience a decline in profits in the future due to their greater reliance on bank borrowings and heavier regulations, a top official of a leading finance company in the country opined.  

International Finance Corporation (IFC), a member of the World Bank Group, and Sri Lanka’s Commercial Bank of Ceylon PLC has entered into an interest rate swap arrangement for a notional amount of $15 million, IFC communiqué said. 

Sri Lanka’s budget deficit for the first quarter of 2017 widened 10.49 percent year-on-year (YoY) to Rs.199.67 billion, on the back of high capital expenditure although the primary balance recorded a healthy decline due to an increase in tax co

Four listed entities were transferred to the Default Board of the Colombo Stock Exchange yesterday for their inability to submit financial statements within the required timeframe.