Vidullanka PLC (VLL), a mini hydro operator said it was carrying out a private placement of shares to partly settle the purchase of a mini hydro project in Uganda, subject to Colombo Stock Exchange and shareholder approval. 

REUTERS: The Sri Lankan rupee yesterday ended firmer for a third straight session on exporter and bank dollar sales, but the gains were capped by concerns about possible depreciation in the absence of Central Bank guidance, dealers said.

The recently surfaced mystery gazette notification with regard to government securities (G-Secs) is part of an obsolete law, which the Central Bank has been attempting to comply with, and the law would be amended as soon as possible, the country&rsqu

REUTERS: The Sri Lankan rupee ended firmer yesterday aided by late exporter dollar sales, but concerns over possible further depreciation in the absence of Central Bank guidance weighed on the sentiment, dealers said.

Diversified manufacturing and trading company and Lankem Ceylon PLC subsidiary, C. W. Mackie (CWM), last week entered into a Rs.1.1 billion joint venture (JV) with Denmark-based soft drink giant, Co-Ro A/S, to produce its popular ‘Sunquick&rsqu

REUTERS: Sri Lankan shares fell yesterday to hit their lowest close in more than two weeks as investors were worried over rising interest rates, but foreign buying and block deals in Expolanka Holdings boosted the turnover.

A directive from the Central Bank regarding the extension of the deposit limit for the senior citizen deposit programme with effect from March 1 has already been sent to the banks, both Finance Minister Ravi Karunanayake and Central Bank Governor Dr.

With the core objective of working concertedly towards greater good and progress of the automobile repair business, a new organization called ‘The Sri Lanka Automobile Service Providers Association’ (SLASPA) was inaugurated by entrepreneu

In 1987, the lottery that was introduced to the market as ‘Saturday Fortune’ gained such popularity that it was also made available on Wednesdays. 

The newly formed Scan Technologies Global (Pvt) Ltd. secured the installation, testing & commissioning of GREE VRF Air-Conditioning systems of Astoria project under construction in the heart of Colombo city. 

Umavi Pathirana recently presented a research paper on ‘Simplifying Legal Statements using Natural Language Processing’ at the 2nd Asia Pacific Conference on Contemporary Research (APCCR) in Kuala Lumpur, Malaysia. 

The Chartered Institute of Marketing (CIM) Sri Lanka will be hosting its first CIM CEO’s Breakfast Forum for this year on 01st March at the Hilton Colombo Residences from 7.30 am onwards. 

A stakeholder meeting on managing social and economic changes towards the Sustainable Development Goals (SDG) this week pointed out it is imperative for the National Planning Department to take the lead in charting the path for Sri Lanka to fulfil th

AFP: German auto giant Volkswagen last week said it raced back into the black in 2016 as car sales hit an all-time high, in the latest sign of its ‘dieselgate’ scandal fading into the rearview mirror.

Japanese Ambassador Kenichi Suganuma receives a token of appreciation from National Chamber of Commerce President Sujeeve Samaraweera at the ‘Meet the Ambassador’ programme held recently  

Five hundred thousand jobs will be created by the ongoing development projects under the administration of the good governance in the next six months, said Finance Minister Ravi Karunanayake. 

Kelani Cables PLC has launched its newest product, ‘Kelani Hybrid Bulb’ that has the endurance to be alight for 2000 hours non-stop. 

Orient Finance announced advances in its trade-in vehicle portal, which significantly accelerates the speed at which the lease applicants can calculate their lease amounts and thereby make faster, more informed credit decisions.

The 109th birth anniversary of late Deshamanya NU Jayawardena, first Sri Lankan Governor of the Central Bank, senator and financier, was celebrated recently. 

Advantis Warehousing, a subsidiary of Hayleys PLC, recently commenced offering digital document storage solutions through their brand DOCSTO expanding their document storage portfolio. 

Ceylon Tobacco Company PLC (CTC), which enjoys a virtual monopoly in the manufacturing of cigarettes, yesterday said its contribution to government coffers by way of taxes slowed down in the final quarter (4Q16) of the financial year ended December 3

The Ceylon Chamber of Commerce (CCC) together with GS1 Lanka will hold a workshop under the title ‘Understand supply chain through global standards’, which will explain to participants how to use GS1 standards,

An award-winning author and expert in international business, marketing and innovation will be the key speaker at the ‘Future of Business’ event organized by the Ceylon Chamber of Commerce.  Jaideep Prabu, Professor of Business and E

‘Lankan Fest 2017’, organized by the LankanFest Inc. and endorsed by Colombo Chamber of Commerce was held for the third consecutive year, on the 26th February at the Riverwalk - Crown Entertainment Complex in Melbourne, Australia. 

Incorporation of socio-economic rights into the constitution of a country does not guarantee their delivery to the people nor will ensure good governance, to a top political scientist specialized in constitutional law told a public forum in Colombo,

The Union Bank of Colombo PLC (UBC) group reported 12 cents a share or Rs.136.3 million in earnings for its October-December quarter, recording an increase of 75 percent year-on-year (YoY) supported by some solid growth in its loan book in spite of t

Sri Lanka’s Finance Minister Ravi Karunanayake yesterday slammed the country’s Central Bank for mismanaging the public debt issuing process, following the revelation of a mystery gazette notification during the proceeding of the Commissio

High net worth investor Dr. T. Senthilverl last week divested his entire shareholding in Bogawantalawa Tea Estates PLC (BOPL) for Rs. 93 million.He had sold 11.1 percent of the shares or 9.3 million shares in BOPL last Thursday for a consideration of

People’s Merchant Finance PLC (PMF), a subsidiary of state-owned People’s Bank, will be holding an extraordinary general meeting next month to decide on divesting one of its major assets, and streamlining activities, in order to prevent f

The negative outlook on global lingerie giant Victoria’s Secret for this year is unlikely to have a major impact on Sri Lanka’s apparel industry, a major supplier to the high end lingerie brand, experts Mirror Business talked to opined.&n