Local representatives of the World Food Program (WFP) this week issued a fresh warning to relevant stakeholders, pointing out Sri Lanka’s paddy cultivation is heading towards a ‘worst case scenario’ due to the ongoing drought and th

Nestlé Lanka PLC, the local unit of world’s largest food company, saw its October-December quarter (4Q16) net profit increasing to Rs.860.1 

The capital market regulator, Securities and Exchange Commission (SEC) has re-opened 11 cases involving market manipulation, which were closed for two to three years ago, a top SEC official said. 

ECONOMYNEXT: Norwegian companies are interested in investing in Sri Lanka’s shipping and ports sector, the country’s envoy Thorbjorn Gaustadsaether has said.

Nominations are invited for the seventh Top 50 Professional and Career Women Awards 2017, which is to take place on July 14th, organized by the Women in Management (WIM) and IFC, a member of the World Bank Group partnering the event for the third con

Development Strategies and International Trade Minister Malik Samarawickrama visited Thailand recently to explore avenues of expanding and diversifying the bilateral trade and investment relations and progressing on the establishment of the industria

The International Chamber of Commerce Sri Lanka (ICCSL), the domestic chapter of Paris-based international world business organisation, commenced its Foundation Certificate in International Business (FCIB) for the year 2017 offering a plethora of kno

Japanese Ambassador to Sri Lanka Kenichi Suganuma invited Sri Lankan businesses to penetrate the Japanese market as it would provide them with tremendous opportunities as the Japanese are wealthy people.  He said that the Japanese market is very

Global geopolitical powers should attempt to be apolitical when developing the Trincomalee port and the area around the Bay of Bengal, in order to ensure maritime security for all stakeholders, the Eastern Province Governor advocated last week.

Once the electronic government procurement (e-GP) system is introduced, it would help the government to make the public procurement more efficient and transparent, said Finance Minister Ravi Karunanayake. 

Chinese e-commerce sensation and Alibaba Founder Jack Ma will likely be visiting Sri Lanka this year, Finance Minister Ravi Karunanayake claimed last week.

Sanasa Development Bank PLC (SDB) last week raised equity capital to the tune of Rs.510.65 million from the International Finance Corporation (IFC), the private sector investment arm of the World Bank, a disclosure filed with the Colombo Stock Exchan

REUTERS: Sri Lanka’s tea output fell 15.3 percent in January due to adverse weather, poor application of fertilisers and a government ban on pesticides, the state-run Tea Board said yesterday.  “Mainly it is the weather; in addition

REUTERS: Sovereign wealth funds pulled US $ 37.8 billion from global stock and bond markets in 2016, data from research firm eVestment showed, although the fourth quarter flows showed a slowdown in the rate of redemptions.

The Central Bank of Sri Lanka (CBSL) yesterday launched a data library for the public via the CBSL external website.

Asia Pacific Brewery (Lanka) Ltd changed its corporate identity to Heineken Lanka Limited with effect from February 13, 2017. 

The implications incorporating socio-economic rights to Sri Lanka’s proposed constitution will be the focus of a seminar by Dr. Pratap Bhanu Mehta, a political scientist with extensive international and South Asian experience.

Pizza Hut Sri Lanka, the well-loved international fast food chain that’s given Sri Lanka a whole range of delicious treats throughout the years, tantalises the island with another range of delectable pizzas! Introducing Thin Crust Pizzas! A gou

Entries are now open for the ‘Achiever Awards 2017’ for Industrial Excellence competition, which is to take place on August 17, 2017, organised by the Ceylon National Chamber of Industries (CNCI), the premier industry chamber in the count

Marina Foods (Pvt) Ltd, the biggest manufacturer of coconut oil in Sri Lanka, outlined its processes of producing safe and hygienic coconut oil, using state-of-the-art technology in compliance with internationally accepted quality standards to the pa

The Chairperson of the Bandaranaike National Memorial Foundation, former President Chandrika Bandaranaike Kumarathunga addressed the foundation staff for the 2nd time since assuming duties as Chairperson in February 2015.

Rising temperatures and increasing costs on electricity bills have invoked consumers across Sri Lanka to avidly search for air conditioners that provide greater energy-efficiency and more powerful cooling in their homes. 

The Ceylon Chamber of Commerce (CCC) has released a document containing recommendations on helping Sri Lanka’s industries prepare for trade liberalization. 

Love Digits, an app that brings both dating and gaming services to users, was launched in Sri Lanka this month. 

Sri Lanka slipped down to the ‘Mostly Unfree’ country territory this year in the Index of Economic Freedom, with the lack of government integrity being the only contributor towards the slip in both the ranking and the score.

Two leading experts from World Trade Organization (WTO) are now in Colombo for today’s pioneering session by the Department of Commerce to work on one of the most technically-demanding barriers for Lankan exporters-- Sanitary and Phytosanitary

Lanka IOC PLC (LIOC), the unit of Indian Oil Corporation Limited has reported earnings of 48 cents a share for the October-December quarter against Rs.1.66 a share earned a year ago. 

Diversified conglomerate, Laughs Gas PLC, saw its October-December quarter going into red while its nine months profits also falling sharply despite the top line recording gains, the interim results showed. 

Melstacorp Limited, which houses Sri Lanka’s largest hard alcohol maker, reported earnings of Rs.1.34 per share or Rs.1.67 billion in net profits for the October-December quarter, down 7 percent from a year ago as finance costs and taxes rose s

REUTERS: Unilever rejected a surprise US $143 billion takeover bid from U.S. food company Kraft Heinz Co on Friday, saying it saw no reason to discuss a deal which it said had no financial or strategic merit.