Delmege Forsyth & Company Limited, one of the leading diversified conglomerates in Sri Lanka, takes pride in introducing its latest product offerings to the local market. Delmege Hiru Kahata and Breeze BOPF teas, the latest products from the cons

In the wake of allegations of continuous mismanagement practices at publicly listed companies, a leading attorney in the country called on the independent directors on the boards of such companies to either speak up or quit. “You have to ensure

Colombo port has been ranked 23rd among the world’s best 25 ports in accordance with the Alphaliner rankings in 2016, a Ports and Shipping Ministry statement said.

Seylan Bank PLC, a licensed commercial bank with an asset base of Rs.356 billion, reported earnings of Rs.3.46 or Rs.1.2 billion for its October – December quarter, up little under 5 percent from a year ago, the interim results of the banking g

Consumer durables and electronics retailer Singer (Sri Lanka) PLC posted a net profit of Rs. 531.41 million for the quarter ended December 31, 2016 (4Q16), up 38.02 percent year-on-year (YoY) despite increase in indirect taxation and removal of some

REUTERS: Sri Lanka’s Cabinet has approved a proposal to employ a global stock and bond settlement house to help boost foreign investment in its government bonds, a cabinet document  showed yesterday.

REUTERS: Indian online marketplace Snapdeal is to lay off 600 employees and its founders will forego their salaries as the company struggles to turn a profit in a market increasingly

Singer, the largest consumer durables retailer in Sri Lanka, is to soon introduce Senasuma Plus – a pioneering warranty and safeguard for all products – to its customers. 

Hands Global (Pvt.) Ltd that introduced the world-renowned EUROtec Smart CCTV camera bulb equipped with European technology and quality to the local market, taking a step forward to expand its network in order to meet the demands, introduced its new

Varun Beverages Lanka (Pvt.) Ltd announced the winners of the recently conducted popular ‘Pepsimoji’ competition, which attracted a record number of entries from across the island.  

As a strong advocate and practitioner of sustainable initiatives within the construction industry in Sri Lanka, INSEE Cement was lauded with the Green Platinum Award at Haritha Sihinaya 2017, an educational and environmental exhibition organised by t

StudyCo Lanka, a subsidiary of StudyCo, which is an Australia-based educational recruitment company representing all the universities in Australia, was launched in Colombo recently. 

Colombo port has been ranked 23rd among the world’s best 25 ports in accordance with the Alphaliner rankings in 2016, a Ports and Shipping Ministry statement said.

As Sri Lanka continues to struggle in improving its dairy industry, the leading global milk processor, Fonterra, stressed tax hikes on milk imports are not the way forward to boost the local capacity as such moves would eventually lead to a scarcity

ECONOMYNEXT: Lanka Harness, a Sri Lanka-based precision technology company that makes airbag sensors and seat belts, plans to buyout its parent Ito Springs of Japan.

ECONOMYNEXT: Sri Lanka will raise at least US $ 450 million from a syndicated loan for which the government has selected six banks, a media report said.

The retailing and fast-moving consumer goods (FMCG) giant, Cargills (Ceylon) PLC, posted a net profit of Rs.636.84 million for the third quarter ended December 31, 2016 (3Q17) recording a 37.52 percent increase year-on-year (YoY).

REUTERS: The Sri Lankan rupee ended weaker yesterday on importer dollar demand as local traders bought the US currency as a precaution amid concerns of a steep depreciation in the rupee in the absence of Central Bank intervention, dealers said.

REUTERS:  Sri Lankan shares rose slightly yesterday from a more than one-week closing low hit in the previous session as investors bought banking shares, but concerns over rising interest rates weighed on sentiment.

Prima Management Services (Pvt.) Limited (PMS), a leading IT solutions company, became the first Sri Lankan company to be awarded the ‘Solution Gold Partnership Certificate’ by Sweden-based Axis Communications, a leader in  network v

The National Chamber of Exporters of Sri Lanka (NCE) renewed its commitment to support the economic development activities of the Northern Province, to enhance the income of the people by conducting an awareness programme for  non-member exporte

Leading blue chip conglomerate, Aitken Spence PLC has once again reaffirmed its support to the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) with yet another  lead sponsorship. 

Dr. Priyantha Wijayatunga, former Director General of the Public Utilities Commission of Sri Lanka (PUCSL) and a Senior Professor of Electrical Engineering at the University of Moratuwa, has been appointed as Director South Asia Energy Division of th

ProMate, the leading Sri Lankan brand of exercise books, manufactured in compliance with international standards, established a new sales record during the last school term, Printxcel (Pvt.) Ltd Chief Operation Officer Nalinda Jayamanne said.

Santani, Sri Lanka’s first purpose-built luxury wellness resort, has been featured in Travel + Leisure’s coveted 2017 It List of the best new hotels around the world. 

Sri Lanka is honoured by the appointment of Rohan Victoria as Vice President of the Asian Packaging Federation (APF), the apex body of the packaging industry in the Asia  Pacific region.

Serendib Flour Mills recently launched its new corporate website in keeping with its vision to strengthen its online presence. 

At this week’s ex-estate tea auction held on February 22, 2017, an invoice of PF1 from Carolina Estate, Watawala, established an all time Colombo Tea Auction record price of Rs. 640 for no less than 5 invoices of the PF1 grade and, all invoices

The Central Bank’s laissez-faire policy towards the country’s foreign exchange management came under severe scrutiny yesterday as the country’s financial sector stakeholders argued whether such a policy has delivered the desired out

Inflation, as measured by the change in the National Consumer Price Index (NCPI) (2013=100), which is compiled by the Department of Census and Statistics, increased to 6.5 percent in January 2017 from 4.2 per cent in December 2016, on year-on-year (Y