Raigam Wayamba Salterns PLC (RWSL), a part of the Raigam group, is currently facing delays in its rights issue designed to finance the merger with Eastern Salt Company (Pvt) Ltd., that belongs to the parent, due to ”technical issues,” top

The troubled financial institution, The Finance Company (TFC), managed to cut its losses for the quarter ended March 31, 2017 (4Q17) by 76 percent year-on-year (YoY) to Rs.295.13 million through changes in impairment, the interim financial accounts s

REUTERS: The Sri Lankan rupee ended steady yesterday as importer dollar demand offset greenback sales by exporters, while investors assessed the extent of damage to the economy from the recent floods and landslides, dealers said.

Sirocco Air Technologies, Sri Lanka’s most experienced ventilation solutions provider, is preparing for its next phase of growth by building strategic partnerships with its principals in Spain, Italy, Germany and Ukraine. 

Jinasena (Pvt) Limited, one of the leading water management systems and solutions providers in Sri Lanka, is making huge strides with their range of Agrimec branded agricultural machinery.

The Carbon Consulting Company announced two new seats on their board of directors recently.  

Elite Radio & Engineering Co., (Pvt) Ltd. sole agent for KDK brand fans participated at Construction Expo 2017 held at BMICH on 2nd, 3rdand 4th of June  as Gold Sponsor of the event. Seen here is CEO, Suren Kundanmal explaining the concept o

Sri Lanka’s No.1 ICT solutions provider and the licensed national backbone network operator, Sri Lanka Telecom, together with Huawei Technologies, has successfully carried out South Asia’s first 

Expressing its solidarity with all fellow Sri Lankans affected by the recent adverse weather conditions, Janashakthi General Insurance Limited announced that Janashakthi Full Option will be 

Scope Cinemas is currently at the forefront of cinema technology with its screens and sound systems at the Liberty being the most advanced in the island at present. Dedicated toward raising the 

Two-wheelers and 3-wheelers continue to drive vehicle imports to Sri Lanka, which is already plagued with congested roads, unruly drivers and equally bad pedestrians, the latest data available for the month of April, showed. 

REUTERS: Engineers, supported by Toyota Motor Corp, demonstrated their flying car on Saturday, which they hope will be able to light up the Olympic flame for the opening ceremony of the Tokyo 2020 Summer Games. 

Sri Lanka’s Cargills Ceylon PLC (Cargills) saw its group performance for the January-March (4Q17) quarter adversely impacted by the challenging operating conditions and one-off, non-recurring expenses, but the top-line remained intact.   &

Seylan Developments PLC completed its planned disposal of a block of land off Union Place last week for Rs.730 million, a disclosure to the Colombo Stock Exchange by the company stated.

Diversified conglomerate, Hemas Holdings PLC, will be asking its shareholders for an extension of up to two and a half years to utilize the Rs.4.1 billion it raised through a rights issue in 2015, a disclosure to the Colombo Stock Exchange (CSE) stat

CIC Holdings PLC (CIC), Sri Lanka’s leading crop and agricultural solutions provider, has recorded a net loss of Rs.200 million or a loss of Rs.2.11 a share for the quarter ended March 31, 2017 (4Q17) against a net profit of Rs.229 million year

As the average number of electronic transactions that happen in the country is only two transactions per point of sale (POS) machine a day, it was recently stressed that much more has to be done to propel electronic transactions in Sri Lanka and to p

Cargills Bank Limited, the banking unit of the Cargills group, turned a net profit of Rs.44.9 million or 5 cents a share for the January – March quarter, recovering from a net loss of Rs.85.7 million incurred during the corresponding quarter la

Siyapatha Finance PLC, one of Sri Lanka’s leading financial organisations and the largest fully-owned subsidiary of the Sampath Bank group, celebrated the relocation of its Metro branch in Kurunegala recently.  

Twenty five customers of Commercial Bank of Ceylon, who received remittances in the first quarter this year, were rewarded this week at the first prize presentation of the bank’s Gedarata Thégi remittance promotion. 

AIA believes that life is meant to be enjoyed to the fullest with family and loved ones. That is why we are constantly looking for ways to actively improve the lives of Sri Lankans while promoting healthy living, so people can live longer, healthier

In a timely move, DFCC Bank’s Community Projects team has launched a DFCC branded recyclable bag for staff – for the first time in the banking industry. Through encouraging the concept of ‘Take 

Expolanka Holdings PLC recently announced the retirement of Nobuaki Kondo as Chairman of its board of directors and welcomed the new appointee Naosuke Kawasaki. 

MTI Consulting, from its humble 1997 beginnings in Bahrain and Sri Lanka, has turned 20 years and in the process been recognized as an internationally networked boutique management consultancy for delivering impactful business solutions.

The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI), Sri Lanka’s leading foreign policy think tank, recently signed a memorandum of understanding (MoU) with MJF Group, the group of companies that manufacture

Sri Lanka’s most dynamic diversified conglomerate, Sunshine Holdings PLC (SUN), rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) on June 2, 2017.

Asian markets headed into the weekend with another round of gains yesterday, following a record close for all three major New York indexes as traders welcomed a forecast-busting jobs reading.

REUTERS: The Russian Central Bank is piloting a number of digital currency schemes to understand which one is best suited to Russia, Olga Skorobogatova, the bank’s deputy chairwoman said yesterday, the TASS news agency reported.

AFP: Centuries-old French crystal maker Baccarat said yesterday it is being taken over by a Chinese investment fund in a deal that would allow it to accelerate its international expansion plans.

AFP:  Mobile internet usage in India has increased ninefold in a single year, after the launch of a new operator sparked a telecoms price war, according to a new report.