While renewing its call for the liberalization of the country’s tea industry, the Tea Exporters’ Association (TEA) yesterday highlighted a number of issues plaguing the industry, urging the authorities for swift assistance to arrest the d

Seylan Bank PLC recorded a net profit of Rs.818.5 million or Rs.2.37 a share for the quarter ended March 31, 2017 (1Q17), up 22 percent from a year ago, the interim financial accounts released to the Colombo Stock Exchange showed yesterday. 

The cabinet this week approved the plans to double the issuance of Sri Lanka Development Bonds to US $ 3 billion.

REUTERS: The Sri Lankan rupee strengthened yesterday as a foreign bank sold the dollar, while investors awaited the International Monetary Fund’s approval for the disbursement of a loan as well as a proposed sovereign bond sale, dealers said.

Overseas Realty (Ceylon) PLC (OSEA), the local unit of the Singapore-based real-estate group, Shing Kwan Group, saw its March quarter (1Q17) net profit rising by 21 percent to Rs.881 million or 72 cents a share from a year ago, supported by a hefty f

The Sri Lanka Tourism Promotion Bureau (SLTPB) took part in the Arabian Travel Market (ATM) for the 14th consecutive year recently, in an attempt to attract more tourists from the Middle East region to Sri Lanka, an SLTPB press release stated.

The Global Alliance for Trade Facilitation (GATF) yesterday presented Sri Lanka with a fresh opening to uplift its processes on trading across borders but implied a turnaround must be witnessed in the near future if it is to capitalize on the “

At the Colombo tea auction held on April 24 and 25, 2017, an invoice of Dickwella Estate BP was sold at Rs.720 per kilogramme, setting a new record.

Brandix has been ranked Sri Lanka’s most valuable export brand for the third consecutive year in the just-released 2017 Brand Finance rankings of the country’s leading brands.

Our homes make up an essential component of our daily lives, providing not only shelter, but a living space where we can spend precious time with family and enjoy relaxing periods of solitude. 

The Trump administration is proposing to sever the funding line to the United States Agency for International Development (USAID) office in Sri Lanka in 2018 under federal budget cuts aiming to fulfill promises of cutting US donations for humanitaria

Sri Lanka’s Asia Capital PLC and Japan’s Belluna Co. Ltd. yesterday broke the ground for a US $ 51 million 4-star business hotel in Colpetty, Marine Drive. 

In a rather surprising move, Laugfs Holdings Chairman W.K.H. Wegapitiya, yesterday bought little over 27 million shares or approximately 6 percent stake in the mid-sized bank, Pan Asia Banking Corporation PLC, in a deal worth over Rs.500 million.

REUTERS: The Sri Lankan rupee closed slightly weaker yesterday on light importer dollar demand, but the currency is expected to trade in a narrow range until the market sees direction from an IMF loan tranche disbursement and sovereign bond sale, dea

Sri Lanka having identified the spice sector as an avenue to expand its export earnings, the Spice and Allied Products and Traders’ Association (SAPTA) has urged the Primary Industries Ministry to increase focus on pepper, instead of cinnamon i

Sri Lanka’s first-ever country session for its exporters on the historic World Trade Organisation’s (WTO) Trade Facilitation Agreement (TFA) will commence in Colombo today.

The Ceylon Chamber of Commerce in its initiative to assist small and medium enterprises (SMEs) in the Northern Province is making arrangements to publish a registry of SMEs operating  in the region. 

 Sri Lanka’s leading tea producers from the Hayleys Group, Kelani Valley Plantations (KVPL) and Talawakelle Tea Estates PLC (TTEL), recorded victories at the recently concluded Forbes and Walker Tea Awards 2016.

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

Customers who made purchases from Gestetner outlets across Sri Lanka last year were enrolled in a draw through which over 100 prizes were awarded. 

The American Chamber of Commerce has agreed to further expand investment in Sri Lanka due to the country’s economic transparency, a Finance Ministry statement said yesterday, quoting Finance Minister Ravi Karunanayake. 

Sri Lanka’s apparel industry is currently grappling with a “strange development”, according to an industry expert, with the apparel export earning figures for the first two months of this year recording declines despite the full ord

A group of private sector employers recently requested the government to provide further relief to them with regard to the budgetary relief allowance, which is making a massive impact on their businesses. 

As Sri Lanka is observed to be actively preparing for Madrid Protocol Accession, the National Intellectual Property Office (NIPO) stressed the urgent need for increased resources to speed up efforts.

The District Court of Colombo yesterday dismissed a case filed by Dr. Chris Nonis and Lalith Fonseka against Agalawatte Plantations and its subsidiary on a preliminary objection taken by the counsel of Agalawatte Plantations and its directors.  

REUTERS: The Sri Lankan rupee traded weaker yesterday due to importer dollar demand while the broader market awaited positive news on the International Monetary Fund (IMF) loan and sovereign bond sale, dealers said.

Tourism Development and Lands Minister John Amaratunga  formally opened the Sri Lanka pavilion at the Arabian Travel Market in Dubai yesterday.  This Travel Market is one of the leading travel exhibitions in the Middle East. The Middle East

The Centre for Indo-Lanka Initiatives of the Pathfinder Foundation, Carnegie India together with Vivekananda International Foundation (India) will conduct a conference on April 28, 2017 in Colombo, with the participation of leading academics, profess

In an effort to safeguard the intellectual property (IP) rights of traditional knowledge and cultural expressions (TK & TCE),  a group of international technical experts yesterday kicked off the process of setting up legal instruments to ens

Dankotuwa Porcelain PLC (DPL), Sri Lanka’s premier manufacturer of Porcelain products announced that the company was adjudged winner of the bronze award in the catering products/table top specialties category at the prestigious European Product