Merchant Bank of Sri Lanka & Finance PLC (MBSL), a unit of State banking giant Bank of Ceylon yesterday said its first tranche issued to raise Rs.1.0 billion in debentures was oversubscribed on the opening day as the company received applications

The recent capacity enhancement and the commissioning of the dual furnace firing at Piramal Glass Ceylon PLC appears to be having a limited positive impact on the company’s immediate financial performance as profits and margins are projected to

The diversified manufacturing and trading conglomerate, Lankem Ceylon PLC (Lankem), last week gained the full ownership in its subsidiary JF Packaging (Pvt.) Limited for Rs.320 million, a disclosure to the trading floor of the Colombo bourse said.

LMD – Brands Annual 2017 edition has listed leading e-Commerce company, MyDeal.lk amongst Sri Lanka’s 10 top e-Commerce brands. 

Kelani Cables PLC’s unique joint CSR programme ‘Kelani Saviya’ which served the youth of the country by producing professional electricians continuously for the past 10 years will be extended further for a period of five years by th

The 25th Annual Interbank Quiz Competition organized by the Clearing Association of Bankers (CAB) is to be held on April 29 (4:00 p.m. onwards) at the Galadari Hotel.  

Walkers CML International (Private) Limited, a subsidiary of MTD Walkers PLC, yesterday said it has secured its first luxury residential project in the Maldives. 

Insee Cement emerged victorious at the recently concluded SLIM-Nielson People’s Awards 2017, where Sanstha Cement was lauded with the Brand of the Year Award for housing and construction for the sixth consecutive year. 

REUTERS: Sri Lankan shares rose more than one percent to end at a six-month high yesterday as foreign investors increased the pace of stock purchases, with the net single-day inflow hitting its highest in nearly three years.

Lee Hedges PLC (SHAW) recently acquired the full control of Lee Hedges Investments Limited (LHI), which has been carrying out real estate development on behalf of SHAW.

Corporate leader Ishara Nanayakkara has upped his direct holding in Browns Investments PLC, the strategic investment vehicle of Browns and LOLC groups, Nanayakkara’s broker, LOLC Securities, informed the Colombo bourse yesterday.   

REUTERS: Flamboyant businessman Vijay Mallya, pursued by Indian authorities over unpaid loans tied to his defunct Kingfisher Airlines, was arrested in London yesterday and appeared in court for an extradition hearing.

Nation Lanka Finance PLC, a licensed finance company with an asset base of around Rs.8.0 billion has raised Rs. 250 million via a subordinated debenture issue by  way of a private placement with the objective of buttressing the company’s t

REUTERS: The Sri Lankan rupee closed weaker yesterday due to dollar demand from importers, but the currency is expected to steady in the near term, dealers said. Rupee forwards were active, with two-week forwards ending at 153.15/25 per dollar, compa

Leading    telecommunications services provider Dialog Axiata PLC has proposed to relax some of the criteria to make its high performing employees become eligible for the Employee Share Option (ESOP) scheme, which is a part of its Long Term

Renewable energy developer Vidullanka PLC is experiencing some headwinds in its attempt to acquire a Uganda-based renewable energy firm, which will delay the issuing of Vidullanka shares to fund  the acquisition.

South Asia Gateway Terminal (SAGT), a private container terminal operating at the Colombo port, has managed to strike a deal with its workers, ending a 13-day operational disruption at its berth, SAGT said in a statement, yesterday.  

The Asian Development Bank (ADB) recently said it could not rule out further tightening of the monetary policy by the Central Bank of Sri Lanka during this year to fend off any adverse developments in the economy. 

Despite all the noise about the current political stalemate, expected economic slowdown and crisis-stricken agricultural sector, Sri Lankans have increased their daily intake of proteins by way of eating more chicken meat, perhaps to produce more ene

Sri Lanka’s stock market, which has lost significant value during the last couple of years, is now on a mission to rebuild investor confidence by clamping down on market manipulation with the help of whistleblowers. 

The installation of an advanced container scanning system, which has attracted controversy, would take place within the next two to three months, Sri Lanka’s finance minister said recently. “We will probably start in the next two to three

REUTERS:  An islandwide protest on Friday by Sri Lankan doctors demanding closure of a private medical college crippled the health services, leaving thousands of patients unattended and threatening the investment climate.

REUTERS: Oil rose further above US $ 55 a barrel yesterday, supported by another shutdown at Libya’s largest oilfield and heightened tension over Syria following the US missile strike.

Sri Lanka’s industrial activity picked up slightly this February compared to a year ago, amidst higher inflation, although production slowed down compared to January 2017, provisional data released by the Census and Statistics Department showed

Huawei, the number one growing smartphone brand in Sri Lanka, launched its seasonal Avurudu promotion tagged ‘Avurudu Bonus’ providing gift vouchers worth Rs.1.5 million for customers who purchase the Huawei GR5 2017 and P9 Lite between M

Blink International recently announced the launch of a dedicated multi-brand watch experience and service centre. 

International Trade State Minister Sujeewa Senasinghe has been formally invited for the second time to attend a prestigious meeting at the Centre for International Development (CID) at Harvard University’s Kennedy School of Government.

The students at the University of Colombo were recently provided with access to the extensive library of economic reports on emerging markets produced by the global research and consultancy firm Oxford Business Group (OBG).

The world today is awakening to the realization that sources of renewable energy are more beneficial for energy consumption in both domestic and industrial aspects. Solar power is one such type of renewable energy that has gained widespread popularit

Farlin, one of the world’s most trusted baby care brands, unveiled the country’s first Farlin Corner store featuring the entire line up of Farlin products in Matale recently.