Pan Asia Banking Corporation (PABC) Chairman Eshana De Silva has increased his shareholding in the bank over the last quarter, the recently released interim financial accounts of the mid-sized bank showed.

REUTERS:  Sri Lankan rupee forwards ended slightly weaker yesterday on mild dollar demand from importers, but anticipated dollar inflows from sovereign bonds and syndicated loans prevented steeper losses in the local currency,  dealers said

Sri Lanka’s premier cable in Sri Lanka, ACL Cables PLC, was ranked 41 amongst the Top 50 Valuable Brands for 2017, a continued ascent from last year’s ranking.    

Chemanex PLC, one of the leading producers and importers of industrial chemicals and intermediates in Sri Lanka, recently introduced a new construction chemical product line to the market at a ceremony held at Taj Samudra Hotel, Colombo. 

President Maithripala Sirisena ceremoniously inaugurated Tokyo Cement’s second biomass power plant in Trincomalee recently, as part of a series of events held in commemoration of late Deshamanya A.Y.S. Gnanam, Founder Chairman of the company.

The Hayleys group company, Kelani Valley Plantations PLC (KVPL), took top awards at the recently concluded Ceylon Specialty Estate Tea of the Year Competition taking place in Bejing, China. 

Introduced in 2011, the country’s premier annual internship programme ‘Fast Track15’ (FT15) organised by Ceylon Tobacco Company PLC, Commercial Bank of Ceylon PLC and John Keells Holdings PLC will commence in June 2017.

The stage is set for the fourth consecutive Bradby Fiesta to add colour, glamour and festivities to the school rugby’s most anticipated game, where the ‘lions’ from Kandy clash with the ‘elephants’ from Colombo.  

Sri Lanka must convert its plans into action by conducting market research to fuel its tourism policies in the future, an Australian tourism expert urged recently after evaluating the country’s 2020 Tourism Vision policy document.

REUTERS: U.S. private equity firm TPG, one of three bidders short-listed to buy a 49 percent stake in state-owned SriLankan Airlines, has pulled out of talks about the potential acquisition, the Chairman of the national carrier said.

Finance Minister Ravi Karunanayake appears to have moderated his views on the Central Bank even further as he recently expressed mixed sentiments on how far he is willing to go to clip the wings of the country’s monetary authority. 

While providing a better understating of Board of Investment (BOI) policies for foreign investments, BOI Chairman Upul Jayasuriya assured that all foreign investments were safe in Sri Lanka, and that BoI was always prepared to facilitate  any sh

The sluggish consumer demand dented the sales of Nestlé Lanka PLC, while the prolonged drought pushed up the costs impacting the consumer food maker’s bottom line, the interim results filed by the company with the Colombo Stock Exchange

Sampath Bank PLC reported earnings of Rs.12.81 or Rs.2.39 billion for its January - March quarter (1Q17), a 29.6 percent jump from a year ago, but the margins slightly narrowed amid rising cost of funds. 

REUTERS: India launched a communications satellite last week for its smaller neighbours to share, part of its efforts to build goodwill in the region and counter Chinese influence, but arch- rival Pakistan said it would stay away from the project.

Diversified manufacturing and trading conglomerate, Lankem Ceylon PLC, is gearing up for a rights issue worth Rs.480 million in the near future to settle inter-company borrowings and working capital requirements.

As they are in the process of looking for prospective investors, the Chinese officials of the Colombo Port City, the offshore city being built on a man-made island, said that any interested developer or investor could contact them to invest in the pr

Bogawantalawa Tea Estates PLC, renowned for its outstanding quality of tea grown in the Golden Valley nestling in the central hills, is perhaps the world’s first tea growing, manufacturing and marketing companyoffering uncompensated Carbon Neut

Comfort World International, the market leader in mattress manufacture and retail in Sri Lanka, Maldives and Seychelles, introduced Serta mattresses, the emperor of mattresses to Sri Lanka recently. 

From ancient times, our ancestors used the ginger and coriander juice for ailments. 

The 31st International CA Students’ Conference themed ‘Transmute, to Transmute’ concluded on a high note with over 600 CA students from across the country as well as the South Asian region participating, where the importance to embr

Both Sri Lanka and the Czech Republic have expressed interest to further enhance and deepen bilateral ties between the two countries as there is a big potential for further development.

 Established in 1992, Arthacharya Foundation celebrates its silver jubilee this year. 

Rochelle Bibile, a young designer with an eye for the daring and unique, sees her vision become reality through partnering with MTI’s idea2fund. 

‘Kodomo’ Kiddies Tooth paste marketed by UTN Trading Company (Pvt) Ltd, contributes for the project of  Little Hearts,

Aitken Spence partnered with Thalassemia Foundation of Sri Lanka to raise awareness of Thalassemia disease through a walk which was conducted in Colombo on  May 06th. 

Sri Lanka’s premier blue chip, John Keells Holdings PLC (JKH), which is currently building a massive mixed development project in the heart of Colombo, saw its net profit for the January-March quarter (4Q17) increasing 10 percent year-on-year (

The Central Bank of Sri Lanka, on behalf of the Sri Lankan government successfully priced a new US$1.5 billion 10-year international sovereign bond on  May 4th. 

Jan Walliser, the World Bank’s Vice President for Equitable Growth, Finance, and Institutions, arrived in Colombo for an official two-day visit. 

AFP: Indonesia said yesterday it has filed a US$2 billion lawsuit against an energy company over an oil spill off Australia that it claims caused environmental damage in the  archipelago’s waters.