Sri Lanka has appointed seven lead managers for a sovereign bond worth up to US$1.5 billion and could tap the capital market as soon as next month, a source close to the deal said this week.

AFP: Asian investors yesterday wound down after a strong week, with profit-taking weighing on markets and attention turning to the release of US growth data later in the day.

AFP: China’s ride-hailing leader Didi Chuxing is close to finalising a fund-raising deal that would make it the most valuable start-up in Asia with a value of US $50 billion, Bloomberg News  reported yesterday.

Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, kicks off the discussions with the communities that raise concerns on the environment impact of the Norochcholei coal power plant in the North  Western Province.

The NCE commends the unity government on its success in regaining the GSP Plus facility after overcoming the final hurdle in the EU Parliament. 

AFP: Eurozone bank lending to businesses rebounded in March after slowing in February, European Central Bank figures showed yesterday, in an encouraging sign for policymakers.

AFP : South Korean business leaders voiced alarm yesterday after US President Donald Trump said he might tear up a free trade agreement with Seoul, warning the deal was a ‘major pillar’ of the allies’ ties.

Coca-Cola Beverages Sri Lanka Ltd (CCBSL) once again partnered with Fox Hill Supercross 2017 as the official beverage partner to the longest-running motor racing event in Sri Lanka as it celebrated its silver jubilee of 25 years. 

April 2 was a special day at Lotus Grove in Dehiwela when its residents, their families and friends heralded in the New Year celebrations with the annual LG Aluth Avurudu Sports Day.

Ceylon Agro Industries Ltd together with the Friendly Hands Club, Ethimale, celebrated the Sinhala and Tamil New Year with a ‘Harvest Festival’ as a gesture of giving thanks to an excellent harvest given by Prima Pacific Maize seeds and i

The name Atlas, conjures much nostalgia, many memories and so much love amongst young and not so young homes, schools, offices and communities across Sri Lanka. Many a successful professional and entrepreneurs looks back in life to acknowledge that A

Prof. Mohan Munasinghe, Sri Lanka’s only Nobel Peace Prize winner delivered the inaugural Nobel keynote speech at the Global Water and Sustainability conference in Barcelona, Spain recently. He made his speech and also launched the latest editi

National carrier, SriLankan Airlines, made an operating loss of Rs.14.1 billion in 2016 compared to a loss of Rs.4.9 billion in 2015, the 2016 Central Bank annual report released this week showed.

The International Monetary Fund (IMF) is likely to release the US$ 168 million third tranche for Sri Lanka’s US$ 1.5 billion 3-year Extended Fund Facility (EFF) by mid-June, Finance Minister Ravi Karunanayake said.

The absence of senior government officials at the Global Alliance for Trade Facilitation (GATF) forum here this week despite being invited, was frowned upon by the visiting heads of the international agency and the private sector, as their presence w

REUTERS - The Sri Lankan rupee closed steady yestreday in dull trade, but local bond yields fell after the government approved a proposal to double the borrowing limit on Sri Lanka Development Bonds to US$3 billion this year, dealers said.

REUTERS:  Sri Lankan shares closed at a near seven-month high in heavy trading yesterday as foreign buying for 25 sessions in a row took net inflows into equities to Rs.13.1 billion ($86.1 million) and  boosted sentiment.

Sri Lanka’s second largest private lender, Hatton National Bank PLC (HNB), announced its plans yesterday to raise Rs.15 billion through a rights issue, subject to shareholder approval.

Sri Lanka experienced a marginal year-on-year decline in its per capita gross domestic product (GDP) in US dollar terms at current market prices in 2016 in a year highlighted by continuous natural disasters and a weakening rupee.

Englander, the world-renowned mattress brand based in Chicago, USA, made its debut at the new flagship store at Arcade Independence Square in Colombo on April 26, 2017. 

Many investors are actively reducing their exposure to equities and are seeking alternative assets to boost returns without dramatically altering their overall risk profile. Hence, commercial forestry is rapidly becoming a preferred choice of sustain

The Sri Lanka Retailers’ Association (SLRA) will launch the first ever retail development programme in partnership with Sensei Lanka. 

The CMA Students’ Guild will host its Annual Conference on the theme ‘Transition from an Accountant to a Finance Business Partner’ on May 04th  at Sasakawa Auditorium Colombo 03.

Sri Lanka – Russia Business Council of The Ceylon Chamber of Commerce organized a get-together recently to discuss the progress made during the recent visit, the Council members made to Russia, as a part of the Presidential Delegation to Russia

Organized by the Sri Lanka Gem and Jewellery Association (SLGJA), this year’s edition of the country’s leading international gem and jewellery show ‘Facets’ is set to take the global community by storm. 

Libert Paints, Belgium, a leading manufacturer of professional paints and coatings, established since 1894, offering high-quality solutions from a wide range of protective and industrial coatings, hygiene solutions and floor and building paints, join

United Tractor & Equipment (Pvt.) Limited (UTE), recognised as a provider of precision-engineered solutions, hosted a customer awareness session titled ‘Oil-free for a cleaner world’ recently to create awareness of the benefits of usi

The Browns Agriculture Division won a prestigious award from its principal partner Massey Ferguson, for being the oldest distributor – 65 years in Southeast Asia.

The government appears to be making a last-ditch effort to appease the European Union (EU) Parliament with regard to the essential human rights reforms, as a crucial vote on Sri Lanka’s readmission to the Generalized System of Preferences (GSP)

Ceylinco Insurance PLC has announced a dividend of Rs.27.50 per share to its shareholders for the year 2016, which constitutes a 275 percent dividend of the original share price.