Sri Lanka’s plantation firms with their parents in the UK have borrowed in US dollars to enjoy cheaper interest costs.

The International Chamber of Commerce (ICC) Sri Lanka welcomed the quick initiative taken by the government to regain GSP Plus as it would pave the way for duty free access to the European Union (EU) market on a whole range of products.

A workshop was held recently, aimed at identifying and resolving the issues faced by the local small and medium business owners as well as empowering them as an important collective in the nation.  The workshop was attended by more than 100 such

Home Lands Group has come forward as the strategic partner for Postgraduate Institute of Management Alumni Association (PIMA). 

A ceremony in celebration of AIA’s and NDB’s top Bancassurance performers was recently held at the Cinnamon Lakeside Colombo. 

The graded hotel segment has been able to prune the relative growth of the informal and supplementary accommodation sector in 2016 according to Central Bank data, a situation which may continue to favour the graded sector in the future due to governm

Sri Lanka’s leading telecom services provider, Dialog Axiata has carried out South Asia’s first successful trial of next-generation, Massive MIMO (Multiple-Input Multiple-Output) technology.

Sri Lanka’s Aitken Spence Hotels and Resorts is to introduce its Heritance brand to the Maldives with the opening of Heritance Aarah next year, according to Maldivian news website Maldivian Insider. 

Discussions on the proposed Sri Lanka-Malaysia free trade agreement have advanced into the scoping stage, where both parties conduct feasibilities on the benefits and costs of entering into intimate trade relations, the Malaysian High Commissioner in

Sri Lanka’s plantation firms with their parents in the U.K. have borrowed in US dollars to enjoy cheaper interest costs.

C M Holdings PLC subsidiary, Colonial Motors (Ceylon) Limited, will begin importing and distributing Italian auto maker Piaggio’s iconic scooter Vespa and the Aprilia 2-wheelers, a disclosure to the Colombo Stock Exchange stated.

The diversified conglomerate CIC Holdings has embarked on a major strategic change initiative titled ‘2020 Re-strategizing’, which will see the group undertaking an intensive business rationalization exercise, followed by strategic and or

Women in Logistics & Transport (WiLAT) Sri Lanka   appointed its new Chairperson Dhashma Karunaratne for the year 2017 at the fourth annual general meeting held recently at the National Chamber of Commerce auditorium, amidst a large gatherin

Mahinda Samarasinghe assumed duties in office yesterday as the new Ports and Shipping Minister.  The function took place at the Ports and Shipping Ministry, No: 19, Chaithya Road, Colombo 1, amidst the blessings of Maha Sangha and a large gather

Together with the Pathfinder Foundation (PF), the Konrad-Adenauer-Stiftung (KAS) Social and Economic Governance Programme Asia (SOPAS) organised a bilateral expert roundtable conference titled ‘Social Market Economy in South Asia: Germans Exper

The Alumni of the Postgraduate Institute of Management (PIMA) has made arrangements to commemorate the fourth death anniversary of Prof. Sudatta Ranasinghe, Senior Professor in Management of Open University of Sri Lanka, who was a distinguished alumn

Nawaloka Holdings, a diversified conglomerate in Sri Lanka recently acquired machinery manufacturer, importer and distributo,r Alcobronz (Pvt) Limited. 

Overseas Realty Ceylon PLC, the owner manager and developer of the World Trade Center Colombo (WTC), is displaying a giant Vesak lantern at its premises to celebrate this year’s Vesak festival. As UN Day of Vesak is hosted in Sri Lanka, it will

MBRK, the premium men’s clothing brandlaunched an innovative promotion that surprised and delighted shoppers. 

With just a few clicks, customers can now visit the exciting world of ayurveda shopping with the re - launched Siddhalepa.com website.

In an industry crowded with many brands, Laojee has been able to maintain a winning streak in Sri Lanka’s branded  tea segment. 

Renuka Foods rolled out an exciting and unusual competition to encourage consumers seeking a handy-sized, delicious thirst quencher to enjoy its popular range of Richlife milk in vanilla, chocolate, strawberry and ice coffee flavours. 

Jockey’s exclusive stores showcase the range and depth of all the brand’s products and are best suited to cater to discerning customers. 

The upcoming Sri Lanka Investment and Business Conclave 2017 has seen interest from investors and business partners from over 20 countries, who are looking for opportunities in diverse sectors of the local economy.

REUTERS: The Sri Lankan rupee ended slightly higher yesterday as a foreign and a local bank sold dollars, offsetting importer dollar demand, dealers said.

Lakdhanavi Limited, which is the power generation arm of LTL Holdings Group, has been awarded another contract by the Bangladesh Power Development Board (BPDB) to construct a 114 MW thermal power plant using heavy fuel oil (HFO).  

REUTERS: Sri Lanka’s tea output rose 20 percent in April compared to a year earlier after rains ended a six-month drought that had lasted to February, the state-run Tea Board said yesterday.Production in the first four months of the year edged

The Malaysian High Commission in Sri Lanka is working to catalyze around US $ 200-300 million in foreign direct investment (FDI) from Malaysia to Sri Lanka over the coming years. “Our target is to bring around US $ 200-300 million in investment

REUTERS: Sri Lankan shares edged down yesterday as investors booked profits in blue chips such as John Keells Holdings PLC, with analysts saying the market was waiting for policy direction from newly-appointed Finance Minister Mangala Samaraweera.

Tourism Development and Christian Affairs Minister John Amaratunga shied away from accounting for the numerous foreign tours of tourism officials at the cost of millions of rupees in taxpayer money over the past two years despite noting their lack of