Business tycoon Harry Jayawardena appears to have taken a step back in his plans to appoint former Commercial Bank Chairman Dinesh Weerakkody to the board of the country’s second largest private lender, Hatton National Bank PLC (HNB).

Diversified Lankem Developments PLC has resolved to raise Rs.150 million by way of a rights issue subject to shareholder approval.

Sri Lanka’s poorest province is the home to some of the country’s most active e-commerce users, one of Sri Lanka’s digital business founders said this week.

BRAC Lanka Finance PLC, a LOLC group company specialised in microfinance, last week announced a rights issue in the proportion of 5 new shares for every 4 held at an issue price of Rs.10 a share to raise Rs.1.32 billion in equity capital, a stock exc

Sri Lanka has ideal investment opportunities to secure diverse business options as the country has been achieving economic prosperity through accelerating growth with social inclusion, Minister of Finance Ravi Karunanayake told an investors meeting i

Ericssonin collaboration with Mobitel and the Ministry of Telecommunication and Digital Infrastructurehas formally signed the 5G Island of Innovation Memorandum of Understanding (MoU) in Colombo, Sri Lanka on 10th March, representing a landmark strat

A general view of Tanjong Pagar container terminal is seen in Singapore on March 17.

Sri Lanka’s apex State operated entrepreneurship developer, the National Enterprise Development Agency (NEDA), is now on a major youth entrepreneur drive-and the latest node in Sri Lanka’s grassroots market linkage network to start operat

AFP: World Bank investments in commercial financial institutions are indirectly allowing land-grabs, evictions and pollution in Southeast Asia, a watchdog group charged in a report yesterday.

REUTERS: Oil prices dipped yesterday as the market looked for clues on how effectively OPEC production cuts are working to absorb a global supply overhang.

Sri Lanka’s youth are immensely talented and a preview of their wondrous talent was glimpsed at the ‘ITN Youth with Talent’ grand finale, which held the audience enthralled. As the official banking partner of the show, Seylan Bank a

Dhammika Kalapuge’s most popular inspirational and educational programme ‘Service Mantras’ will be repeated for the seventh time on March 30, 2017, at The Kingsbury, Colombo. 

The traditional pirith ceremony held every year at AMW took place recently at the Suzuki showroom located in Borella.

REUTERS: The Sri Lankan rupee edged down yesterday on dollar demand from a foreign bank, but a state bank sold dollars, capping losses in the local currency, dealers said.

The seventh Annual Nations Trust Bank American Express Golf Extravaganza 2017 teed off at the Royal Colombo Golf Club recently.

Strathspey Estate, situated in Upcot, managed by Maskeliya Plantations PLC, which is owned by Richard Pieris Group of Companies, performed very many religious activities to bestow merit to James Taylor, the father of the Ceylon tea industry, and thos

The World Water Day is commemorated on March 22 highlighting the importance of freshwater and advocating for the sustainable management of the water resources.

Chinese Communist Party International Department Minister Hon Song Taopaid visited the BMICH during his recent visit to Sri Lanka. 

Sri Lankan consumers must fight collectively for the enactment of digital consumer rights protection laws in Sri Lanka to keep privacy violating corporates at bay, leading attorneys in the country advocated this week during a forum in Colombo.

REUTERS: The Federal Reserve will stick to a gradual path of interest rate rises even if inflation runs above its 2 percent target, Chair Janet Yellen said on Wednesday, signaling that the U.S. central bank is willing to use low rates to push down ev

REUTERS: The Sri Lankan rupee ended weaker yesterday on dollar demand from importers, but moral suasion by the Central Bank capped the fall after expectations of a nearly US$1 billion inflow from a bond sale failed to ease pressure on the currency, d

Sri Lanka’s only private sector liquid petroleum gas (LPG) supplier, Laugfs Holdings PLC, is currently planning to expand its operations to Myanmar and the Maldives, while its US$ 100 million expansion plan in Bangladesh is also progressing the

REUTERS: Sri Lanka’s 2017 growth rate is likely to be significantly lower than the government and Central Bank forecast, mainly due to a severe drought and tight monetary and fiscal policies, private economists said.

REUTERS: Sri Lankan shares hit a one-year closing low yesterday, falling for an eighth straight session, as concerns the Central Bank would raise rates next week weighed on sentiment after the International Monetary Fund urged it to tighten monetary

On a one to 10 scale, where one is ‘well below our potential’ and 10 is ‘at peak potential’, how is your organisation currently performing in the marketplace?

Development Strategies and International Trade Minister Malik Samarawickrama accompanied by Ambassador Rodney Perera met with European Commissioner for Trade Cecilia Malmström recently at the European Commission in Brussels. 

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 &