Sri Lanka’s largest and most focused constriction related exhibition, ‘Construction Expo 2017’, featuring all aspects related to the construction and building industry was inaugurated at the BMICH yesterday. 

REUTERS: Sri Lankan rupee traded slightly weaker yesterday as importer dollar demand outpaced the greenback selling by exporters, while investors weighed consequences of weather-related damage to the economy, dealers said.

AFP: Auto makers offered big discounts over the Memorial Day holiday, but the response from US car buyers in May was not enough to reverse months of sales declines.

The National Chamber felicitated members conferred with national honours recently. The winners were felicitated at a ceremony  held at Colombo Hilton Residences on  May 26th, to recognize their members who were bestowed with national  

The Hill Country New Villages, Infrastructure and Community Development Ministry has allocated funds through the Plantation Human Development Trust to construct 25 new houses for the Ormidale Division workers at the Strathspey 

Siyapatha Finance PLC, one of Sri Lanka’s leading financial organizations and the largest fully owned subsidiary the Sampath Bank Group, celebrated the relocation of its Metro branch in Kurunegala 

Prima KottuMee has re-introduced the ‘KottuMee Hot & Spicy Kricket’ promotion as a means of adding some extra excitement to the ICC World Cup 2017. The campaign, which will take place on 

Organized by the Insurance Association of Sri Lanka (IASL), the second annual General Insurance Sales Congress (GISCO) was held on the 25th of May 2017 at the Water’s Edge in Battaramulla. 

Indian manufacturing giant Mtandt and Sri Lanka’s PromoLanka Group have partnered to launch Mtandt Lanka [Pvt] Ltd. Mtandt is India’s largest manufacturing and rental company for mobile 

Blue Mountain Apartments (BMA) is set to host the ground-breaking ceremony for its latest real estate development project Avalon, this June. Having launched the project in March 2017, the 

SPAR is the world’s leading voluntary food retail chain. The business started with one Dutch store in 1932 and today, with over 12,100 stores in 42 countries worldwide, the retail partners of SPAR unite 

The DFCC Sports Day was held on a grand scale on the 30th of April at the Havelock Sports Grounds. Themed ‘Aluth Avuruddai DFCC Api’, a wide range of competitions were organised right 

The country’s largest conglomerate, John Keells Holdings PLC, will be embarking on a sustained commercial and residential property development drive in the future, despite rising concerns of an asset bubble in the real estate industry.

Sri Lanka’s headline inflation moderated to 6.0 percent during the 12 months to May, from 6.9 percent in April mainly as a result of the base effects, but the month-on-month (MoM) prices saw a 0.9 percent increase due to significant increase in

India’s largest liquefied natural gas (LNG) player, Petronet LNG, Ltd will be investing in a piped natural gas supply system for Sri Lankan households if the Sri Lankan government gives the green light, a press communiqué from the Indust

Diversified conglomerate, Sunshine Holdings PLC, boosted its net profit by 60 percent year-on-year (YoY) to reach Rs.125.56 million for the quarter ended March 31, 2017, (4Q17), although the 2017 financial year (FY17) ended with a loss for the group

The Sri Lankan unit of the global banking giant, Hongkong and Shanghai Banking Corporation Limited (HSBC), saw its bottom line narrowing for the quarter ended March 31, 2017 (1Q17) amid tighter margins, a contracting loan book and lower other income

Sri Lankan startups are presented with an opportunity to receive a further boost this year with the Republic of Korea announcing the ‘2017 K-Startup Grand Challenge’ in Colombo yesterday.

MTI Consulting, the internationally-accomplished boutique strategy consultancy, has announced its acquisition of a strategic equity stake in The Carbon Consulting Company - Sri Lanka’s pioneering provider of integrated sustainability solutions.

REUTERS:  Sri Lankan rupee ended slightly firmer yesterday as dollar selling by exporters outpaced importer demand for the U.S. currency, even as investors weighed the consequences of weather-related damage to the economy, dealers said.

Melstacorp PLC, the former Distilleries group of companies, reported a net profit of Rs.1.4 billion or Rs.1.20 a share for the January – March quarter (4Q17), an increase of 44 percent year-on-year (YoY) due to lower tax expenses, as the profit

John Keells Hotels PLC (KHL), a subsidiary of the country’s largest conglomerate, John Keells Holdings PLC (JKH) will be demolishing the Bentota Beach Hotel, one of the masterpieces of the legendary Sri Lankan Architect Geoffery Bawa, next mont

REUTERS: Sri Lankan rupee ended slightly firmer yesterday due to dollar selling by a foreign bank, but the rupee is expected to weaken as floods and landslides brought damage and dented market sentiment, dealers said.

Sri Lanka’s tourism industry has experienced only minimal impact from the recent floods, state and private sectors stated this week, which has led the tourism authorities to maintain their revenue and arrival forecasts for the year.

Sri Lanka pledged yesterday to tighten construction laws as the toll from heavy rains rose to 203, saying many landslide victims would have survived had their homes not been built on slopes. The government will also prosecute anyone violating existin

The government has embarked on a number of development initiatives to open up new doors for the country to make Sri Lanka an advanced economy in the world by adopting private sector-led, export-based, FDI-driven development strategy. 

Mobitel’s mobile money platform, mCash recently launched a facility providing customers the ease of giving a standing order via mCash to schedule payments to other mCash users and pay key utilities and other bills. This hassle-free service will

Sanjay Wijemanne, the former Head of Retail Banking at Standard Chartered Bank Sri Lanka, will join Fairway Holdings’ as Group Director of Sales and Marketing. 

The Chamber of Young Lankan Entrepreneurs (COYLE) expressed their appreciation on the re-implementation of the Generalized Scheme of Preferences (GSP) by the EU this year stating that it presents both opportunities and challenges for Sri Lankan expor

Ravi Abeysuriya, CFA, has been recognized by CFA Institute, the global association of investment professionals that sets the standard for professional excellence, by receiving the inaugural Lifetime Achievement Volunteer of the Year Award from Paul H