REUTERS: The Sri Lankan rupee ended weaker yesterday due to importer dollar demand, dealers said, but the market expected pressure on the currency to ease after the government raised nearly US $ 1 billion via a bond auction.

Sri Lanka’s manufacturing activity expanded in February as the manufacturing sector PMI rose 0.9 index points compared to the previous month’s record of an index value of 57.1, the latest data released by the Central Bank showed. 

Sri Lanka’s gross domestic product (GDP) grew at 5.3 percent in the fourth quarter of 2016 (4Q16) compared to the same period of the previous year and the economic growth rate for the year 2016 was estimated at 4.4 percent, the country’s

The Colombo Stock Exchange (CSE), in association with the Securities and Exchange Commission of Sri Lanka (SEC), Sri Lankan High Commission in Australia and with the participation of stockbroker firms and unit trust companies, will host a series of &

Almost all the dollars earned by over a million housemaids auctioning their sweat and blood in the Middle East and the dollars spent by around two million tourists annually visiting the country are just getting evaporated as import-dependent Sri Lank

Watercare Technologies (Pvt) Ltd, Sri Lanka’s most sought after professional organization providing total water care solutions announced it has been awarded the coveted ISO 14001 certification, hence becoming the first water treatment company i

Kiribathgoda has received its own Burger King restaurant, following the opening of the 14th such outlet in Sri Lanka at a prime location in this bustling suburb, by master franchisee Softlogic Restaurants (Pvt) Ltd., a fully-owned subsidiary of Softl

The National Chamber of Commerce of Sri Lanka (NCC) will hold a half-day seminar on ‘EPF & ETF’ (English medium) on Thursday, March 23, 2017, from 1:30 p.m. to 4:30 p.m., at the NCC auditorium, No: 450, D.R. Wijewardene Mawatha, Colom

Unilever Sri Lanka’s flagship brands Sunlight, Vim, Lifebuoy, Signal and Laojee all secured prestigious awards at the recently concluded SLIM-Nielsen People’s Awards 2017. 

The Aitken Spence group recently entered into a partnership with France’s DPD Group, the second largest international parcel delivery network in Europe, which is now available in Sri Lanka and the Maldives.

The Malaysian Global Innovation & Creativity Centre (MaGIC) has launched a new accelerator programme called the Global Accelerator Programme (GAP). First announced by Prime Minister Najib Razak during the inaugural Global Entrepreneurship Communi

Former Sampath Bank Managing Director Aravinda Perera has been appointed the Managing Director of Royal Ceramics PLC with effect from yesterday. 

Consumer durables, particularly the consumer electronics and IT products are set for favourable growth in 2017 despite  the triple threat from higher interest rates, higher taxation and a depreciating rupee, consumer durables giant Singer (Sri L

Hatton National Bank PLC, Sri Lanka’s second largest private sector bank, will be comfortable expanding its loan book this year at similar levels to last year to meet its aggressive Vision 2020 plan, a key official of the bank said yesterday.

Department of Public Enterprises of the Finance Ministry said yesterday that the government will be signing Statement of Corporate Intents (SCIs) with selected state owned enterprise (SOEs) today. 

Vidullanka PLC’s 6.5 megawatt (MW) Muvumbe small hydro power plant located in Uganda will be connected to the African state’s national grid next week, the company said in a filing at the Colombo Stock Exchange.

Sri Lanka’s premier business chamber yesterday stressed the need to consult the country’s private sector before finalising the proposed Inland Revenue Bill, which is expected to come into effect from April 1, 2017. 

The Hanover-based international tour operator, TUI Group, has disclosed its plans to use Sri Lanka as a hub in the Indian Ocean region to service other regional destinations, during a meeting with Sri Lanka’s tourism minister, who is currently

Singer Sri Lanka, the country’s leading consumer durable retailer, celebrated its 11th consecutive win as Sri Lanka’s popular brand at the latest edition of the SLIM-Nielsen Peoples Awards held at Waters Edge recently.

Thomson Reuters Foundation: The worst drought in five years has pushed 900,000 people in Sri Lanka into “acute food insecurity”, the World Food Programme (WFP) says.

REUTERS: Sri Lankan shares hit a five-week closing low yesterday on worries the country’s Central Bank would raise interest rates at a meeting next week after the International Monetary Fund (IMF) urged it to tighten monetary policy, brokers sa

The Aitken Spence group, following the representation of a leading global international express network for over 35 years in Sri Lanka and the Maldives, has entered into a partnership with the second largest international parcel delivery network in E

REUTERS: Hong Kong-based Shangri-La Asia has increased its investment in Sri Lankan properties by 60 percent to US $ 800 million, in order to meet demand for larger-than-planned apartments in Colombo, an official said yesterday.

The Central Bank yesterday said a new set of Rs.1 and Rs.5 coins would be issued for circulation after changing the metal/alloy from brass-plated steel (gold colour) to stainless steel (silver colour).

Brantel Lanka (Pvt) Ltd., one of the biggest players in the country’s mobile phone market, has diversified into the supply and installation of closed circuit television (CCTV) cameras, following the appointment of the company as sole distributo

Fashion Bug, one of Sri Lanka’s leading retail clothing stores clinched the Gold Award for ‘Best Key Account Partner’ for the fourth consecutive year at the recent Annual Sales Conference of Triumph International.

The Chamber of Young Lankan Entrepreneurs (COYLE) appointed its new Chairman Kushan Kodituwakku for the year 2017/18 at the Annual General Meeting held recently at the Oak Room of Cinnamon Grand, Colombo.

Elephant House Cream Soda has won a remarkable 11th “Beverage Brand of the Year” at the recent SLIM-Nielsen People’s Awards 2017. 

eMarketingEye, the award-winning Sri Lankan integrated Digital Marketing Agency and a pioneer in the industry, bagged 5 awards at the prestigious 2016 HSMAI Adrian Awards held recently. 

Former Central Bank Governor Ajith Nivard Cabraal in a statement yesterday refuted the recent allegations by the Finance Ministry of managing the public debt fraudulently and issuing treasury bonds in violation of the law.