Sri Lanka’s manufacturing and services sectors lost some momentum in January compared to the previous month though both sectors recorded index values over 50 percent, still signalling an expansion. 

The diversified conglomerate, Hayleys PLC, reported earnings of Rs.7.08 a share for the October–December quarter of 2016, against Rs.7.12 a share earned during the same period last year, as the performance was dented by a surge in finance costs

Specialized private equity company, Guardian Capital Partners (WAPO), expanded its investment activities during the quarter ended December 31, 2016 (3Q17), with an investment of Rs.42 million on a hospitality and banking sector vocational training in

Strengthening its fundamental ethos of rewarding transparency, the Association of Chartered Certified Accountants (ACCA) Sri Lanka holds its flagship calendar event for the thirteenth year in succession on February 28th at Cinnamon Grand.  

CIC Holdings PLC (CIC), the diversified crop and agricultural solutions provider, reported earnings of Rs.3.58 a share for its October–December quarter (3Q17), down from Rs.5.93 a share reported during 

South Asia Textiles Limited (SATL), a leading Sri Lankan textile manufacturer specializing in producing

The Cabinet of Ministers has approved a proposal to raise US $ 1.5 billion through a sovereign bond issue to repay loans and manage interest payments.

Diesel & Motor Engineering PLC (DIMO) recently achieved recognition for their widely acclaimed annual report. 

The Sri Lankan government should introduce an independent accreditation body to monitor and regulate both state and private sector higher education institutes, a leading figure of a state-run economic policy think tank advocated this week.

Diversified conglomerate Sunshine Holdings PLC posted a net profit of Rs. 13.46 million for the quarter ended December 31, 2016 (3Q17), down 92 percent year-on-year (YoY) from a net profit of Rs. 174.63 million, largely due to pharmaceutical price co

Sampath Bank PLC, Sri Lanka’s third largest private lender by assets, reported earnings of Rs.14.44 a share for its October–December quarter against Rs.8.91 a share reported a year ago, the interim results released to the Colombo Stock Ex

Diversified Aitken Spence PLC reported earnings of Rs.2.14 a share or Rs.870.1 million for the December quarter (3Q17) recording an increase of 36.5 percent from a year ago, the interim report showed.

Sri Lanka’s leading investment banking firm and the preferred partner in financial markets, Capital Alliance (CAL), has created history by becoming the only broker to register an account digitally with the Colombo Stock Exchange (CSE) for the f

The fifth Annual Capital Market (CAPM) Conference, organised by UTO EduConsult in conjunction with KPMG and Adl Capital as the key knowledge partners, will be held for the fifth consecutive year on February 21, 2017.

The Pathfinder Foundation (PF) will convene ‘Trincomalee Consultations’, a two-day conference participated by the countries in the Bay of Bengal, which are dependent on the bay for their trade and other interactions. 

Sri Lanka’s leader in mobile telecommunications services, Dialog Axiata PLC (Dialog), doubled its December quarter (4Q16) net profits to Rs.1.25 billion or 15 cents a share in spite of some hefty net finance costs resulted from higher borrowing

Zero Plus Co. Ltd, a Japanese firm with interests in cosmetic production, mail-order business and fitness, has invested US $ 1 million in a 700 kilowatt (kW) mini hydro project in Erathna, Ratnapura. The project,

REUTERS: Sri Lanka has launched a tender to develop a gas block in the Mannar Basin off its northwest coast, vacated when Cairn India pulled out of an exploration project in 2015 as oil prices plunged.

The vein graphite supplier, Bogala Graphite Lanka PLC, nearly doubled its net profit for the quarter ended December 31, 2016 (4Q16) to Rs.24.23 million from Rs.12.44 million recorded during the corresponding quarter in 2015 amid higher top line growt

The leading brush manufacturer, BPPL Holdings, also known as the Beira group, will be opting for a Rs.368.22 million initial public offering (IPO) on the Diri Savi Board of the Colombo Stock Exchange (CSE) next month.

The leading brush manufacturer, BPPL Holdings, also known as the Beira group, will be opting for a Rs.368.22 million initial public offering (IPO) on the Diri Savi Board of the Colombo Stock Exchange (CSE) next month.

The pioneering coconut shell-based activated carbon manufacturer, Haycarb PLC, reported earnings of Rs.7.08 per share for the October – December quarter 2016, up from Rs.5.74 a share reported a year ago despite the continued cost pressure stemm

REUTERS:Sri Lankan shares hit a more than one week closing high yesterday as investors picked up battered blue chips such as John Keells Holdings PLC and Dialog Axiata PLC, brokers said. The Colombo stock index ended 0.73 percent firmer at 6,138.73,

The state-owned retail chain Lanka Sathosa, which caters to low-income families, will be introducing modern technology to its previously announced expansion, Industry and Commerce Minister Rishad Bathiudeen said.

Pan Asia Banking Corporation PLC, Sri Lanka’s fastest growing commercial bank, was the banking partner for the recently concluded Japan Expo Premier 2017 exhibition. The exhibition was held from February 2 to 4, 2017, at the Bandaranaike Memori

During the recently held PRODEXPO International Exhibition in Moscow, 

The Ceylon Chamber of Commerce (CCC), which on a regular basis publishes key business publications providing vital business information, analysis on economic trends and statistics and also sector-based reports, has now made them available online for

Sri Lanka’s real estate consulting firm, Jones Lang LaSalle (JLL) announced the appointment of Steven Mayes as full-time Managing Directorof its Sri Lanka operations. 

A one-off effect of the Value Added Tax (VAT) increase on education spending was the main contributor to core inflation in Colombo this January, which should alleviate concerns on sustained high inflation, Central Bank Governor Dr. Indrajit Coomarasw

Thomson Reuters Foundation: Vimalabudhi Thero, head monk at the Beragama village Buddhist temple, is consumed more by worldly concerns than matters of the soul these days.