Sri Lanka’s Finance Minister has distanced himself from a company that assembles motor vehicles in Sri Lanka saying he has no personal interest in assisting an individual company despite some media reports suggesting otherwise. 

Sri Lanka’s coalition government is attempting to sell the state resources for a pittance by trying to cover up the true financial viability of such assets under state ownership by repeatedly portraying such assets have led the country into a d

REUTERS: The two founders of Panamanian law firm Mossack Fonseca were arrested on Saturday, the attorney general’s office said, after both were indicted on charges of money-laundering in a case allegedly tied to a wide-ranging corruption scanda

The Calcutta-based cigarette-to-hotels conglomerate, which is currently building a luxury hotel in Colombo, will seek the approval of its shareholders to set up multi-specialty hospitals and promote medical tourism, Indian news reports said. 

Sri Lanka’s up market fashion and lifestyle retailer, Odel PLC, saw its bottom line getting dented the most during its December quarter and during the nine months due to higher administrative and finance costs albeit the top-line showing a mode

Nepal’s only Forbes-list billionaire, long-standing investor in Sri Lanka and CG Group Chairman Binod Chaudhary (second from left) last week launched his memoir titled ‘Making it Big’ in Sri Lanka with Prime Minister Ranil Wickremes

The Japanese Ambassador to Sri Lanka , Kenichi Suganuma  will be the Special Guest speaker in  ‘Meet the Ambassador’ programme on ‘Bilateral trade between Sri Lanka and Japan’  on February  21st at the Nati

The Sri Lanka–Thailand Business Council visited Thailand from the 1st – 4th of February for B2B meetings and bilateral talks with their Thai counterparts.

Pro Food and Pro Pack and Agbiz Exhibition, Sri Lanka’s largest food, packaging and agriculture expo will be held from 4th - 6th August  for the 16th consecutive year at the Sirimavo Bandaranaike Memorial Exhibition Hall.

Nestlé’s Maggi Coconut Milk Powder, Nespray Nutri-Up and Nescafé Ice CoffeeRTD (Ready-To-Drink) were recognized for their high quality standards at the recent SLSI (Sri Lanka Standards Institution) Certification Awards. 

‘Oh to be in England’ could be the refrain that some lucky policyholders of Ceylinco Life will soon be singing when they learn that they are the winners of the grand prize in the 10th edition of the life insurance leader’s ‘Fa

Fitch Ratings yesterday revised Sri Lanka’s outlook to stable from negative while affirming the country’s credit rating at ‘B+’ largely due to fiscal side improvements, stable growth prospects and policy coherence stemming fro

National carrier SriLankan Airlines yesterday said the leasing of one of its aircraft to Pakistan International Airlines (PIA) has been the ‘most profitable’ commercial agreement undertaken by the airline in the recent past.

The Central Bank will be entering into discussions with the top management of state banks in the country through which private credit had expanded at unnaturally high rates, in a bid to cut down credit growth.

REUTERS: The Sri Lankan rupee ended steady yesterday ahead of a long weekend as dollar sales by exporters offset demand for the U.S. currency from banks to facilitate continuing exit of foreign investors from government securities, dealers said.

Leading electrical cable manufacturing company, Sierra Cables PLC (SIRA), posted a net profit of Rs.81.02 million for the quarter ended December 31, 2016 (3Q17), a 27.61 percent increase year-on-year (YoY).

REUTERS: Sri Lankan shares closed slightly weaker yesterday, snapping two straight sessions of gains and hovering near a more than 10-month closing low hit earlier this week, as concerns over rising market interest rates weighed on sentiment.

One of the world’s most eminent architects, who has a unique association with Sri Lanka, will visit the country next week to grace the 35th annual sessions of the Sri Lanka Institute of Architects (SLIA).

Aitken Spence Elevators, the sole distributor of OTIS elevators and escalators in Sri Lanka, was recently awarded the ISO 9001:2008 certification for its Quality Management System (QMS) by SGS Lanka (Pvt) Ltd. 

Food and Nature (Pvt) Ltd, well known as Fadna took part at the 24th Prod Expo international exhibition held in Moscow recently.

Committed to enhancing customer engagement, Hameedia is ensuring this year’s Valentine’s Day is extra special by offering amazing discounts and exciting opportunities for 20 couples to go on super dates that will be the most memorable yet

St. Regis Packaging, the first company to obtain SLS certification for Rigid T Sacks and Multiwall paper sacks for bulk packaging of tea, has achieved yet another breakthrough by reducing the environmental impact of one of its paper sacks, significan

The Central Bank already has plans to raise up to US $ 2.5 billion in debt through a syndicated loan and an international sovereign bond to build the country’s foreign reserves to US $ 7.5 billion by the end of this year, the Central Bank offic

Finnish Ambassador to Sri Lanka Rauli Suikkanen said that he would call leading entrepreneurs of his country to invest in Sri Lanka. 

Although asserting that action has been taken to curtail the operations of the controversial primary dealer Perpetual Treasuries, Central Bank Governor Dr. Indrajit Coomaraswamy yesterday refused to give the details by taking refuge in the secrecy pr

REUTERS: Sri Lanka’s fuel imports in January jumped to double typical monthly levels, with the country rushing to plug an energy shortfall as severe drought hits its hydropower output, industry sources said.

The Central Bank yesterday said it remains vigilant over a possible creation of a construction bubble due to the runaway credit growth.

An application by Dr. Chris Nonis, the former Sri Lankan High Commissioner to the United Kingdom, and one Lalith Fonseka to obtain enjoining orders against Agalawatte Plantations PLC, its directors and subsidiary Mackply, was refused by the District

Laugfs Holdings was announced winner of ‘Best Stall Representation’ at the EDEX Job Fair 2017 held at BMICH recently. 

Organised by the National Chamber of Commerce (NCC), a one-day workshop on ‘Productivity Improvement Techniques’ for manufacturing and engineering industries will be held on Thursday, February 23, 2017, from 9:00 a.m. to 4:30 p.m., at the