The newly appointed Indian High Commissioner to Sri Lanka Taranjit Singh Sandhu met Minister of Development Strategies and International Trade Malik Samarawickrama and held bi-lateral discussions at the ministry this week. 

The export arm of Aitken Spence Printing and Packaging – ACE Exports was awarded at National Business Excellence Awards (NBEA) 2016 in recognition of its overall business excellence and contribution made towards economic progression of the coun

CIMA Sri Lanka’s first CPD event of the year, the CIMA Mastercourse on Taxation will begin on 12 February and continue until 23 April.  

Open source technologies has been recognized as an enabler for a variety of problems , providing accessible technologies to a number of services as well as for mass collaboration in sharing knowledge with others to create new resources and opportunit

The Ceylon Chamber of Commerce launched its ‘Economic Review and Outlook 2017,’ a new report, which contains information on trends, risks and prospects of both Sri Lankan and the global economy.  

The Colombo Chamber of Commerce (CCC), in its pursuit of assisting and providing support to the small and medium enterprises (SMEs) of Sri Lanka, has once again facilitated an exciting opportunity for local businesses to gain international exposure t

Delays in local trademark registration process could undermine the massive benefits deriving from Sri Lanka’s decision to comply with the Madrid Protocol, according to the Colombo-based think tank,  Verité Research.

Sri Lanka’s consumer prices measured by Colombo Consumer Price Index (CCPI) rose to a six-month high of 5.5 percent in January from a year earlier, accelerating from the previous month’s 4.5 percent under a revised base-year and market ba

Politicians are continuing to create unsound policies advocated by laymen to the field of agriculture in order to victimize the poverty-stricken farming population, which would result in an imminent derailment of the economy, scholars warned this wee

Dipped Products PLC (DPL), the non-medical glove manufacturing unit of the Hayleys group, made a net profit of Rs.1.78 a share or Rs.106. 7 million for the quarter ended December 31, 2016 (3Q17) amid strong top line growth while keeping the costs und

The electricity sector regulator, Public Utilities Commission of Sri Lanka (PUCSL) has issued guidelines to the Ceylon Electricity Board (CEB) and the Lanka Electricity Company private limited (LECO) to pay an interest on security deposit of electric

The Central Bank this week approved Pan Asia Banking Corporation PLC’s request to further extend the deadline for meeting the interim capital adequacy requirements for the banking sector.

An independent research house has projected a gloomy outlook for Sri Lanka this year with the economy just growing a mere 3.9 percent amid slowing consumer spending, a depreciating rupee and an expanding budget deficit, though private sector credit i

After years of delay, HVA Foods PLC is likely to finally receive its legally entitled lease agreement for a 175-acre state land near Wilpattu to start a US $ 4 million organic agricultural resort, expanding a 20-year-old pilot project.

The Central Bank for the second time has granted additional time to the licensed commercial bank, Amana Bank PLC, to meet the interim minimum core capital, required to have been met by January 1, 2017, according to a filing to the Colombo Stock Excha

Ceylon Tobacco Company PLC (CTC) yesterday announced that it would be closing two of its leaf depots situated in Anuradhapura and Sigiriya.

The construction of a Rs.600 million, five-hectare poultry farm in Nellikulama in Anuradhapura approved by the Cabinet Committee on Economic Affairs (CCEA) has received opposition from the Forest Department. 

The Ceylon Chamber of Commerce (CCC), which is the premier business chamber in the country, takes part in the eighth Jaffna International Trade Fair, which commenced on January 27, 2017. The CCC showcases the range of business services that it offers

Private sector companies should sue government agencies which are not fulfilling contractual obligations, Finance Minister Ravi Karunanayake urged last week, continuing his assault on the country’s public sector and officials. 

Thomson Reuters Foundation: A new synthetic fertiliser could help farmers to save money, boost food production and reduce planet-warming emissions, scientists have found after trialling it on rice farms in Sri Lanka. 

Diversified plantation company, Watawala Plantations PLC (WATA), saw its performance improving during the December quarter (3Q17) due to strong gains from the palm oil segment and improving tea prices, the interim financial accounts filed with the Co

REUTERS: Sri Lanka’s foreign direct investment (FDI) slumped 54 percent to reach an ‘extremely low by any standard’ level last year, the government said as inconsistent tax and economic policies weighed on offshore investments.

John Keells Hotels PLC recorded improved financial performance for the December quarter as its Sri Lankan city hotels and Maldivian resorts showed improved occupancy, the parent company John Keells Holdings said in an earnings release. 

John Keells group subsidiary, Ceylon Cold Stores PLC (CCS), which has interests in consumer goods manufacturing and retailing saw both its top line and bottom-line making significant gains during the December quarter supported by stronger consumption

Sri Lanka’s pioneer chicken processing firm, Bairaha Farms PLC, posted a net profit of Rs.14.82 cents a share or Rs.237.1 million for the December quarter (3Q17), which generally sees higher sales due to festive demand.  

Expanding its presence in Sri Lanka, Domino’s opened its 23rd restaurant in Boralesgamuwa on 21st December, amidst much fanfare and celebration. 

Singer Sri Lanka PLC, the leading retailer of household and electrical appliances in the country, launched the MasterChef Gourmet Plus kitchen machine, latest high-tech version to complement the kitchen machine range under renowned French brand Mouli

Nature’s Beauty Creations Ltd. (NBC) has appointed Bimal Silva as theDirector/Group Chief Executive Officer (GCEO) as a milestone endeavour in their steady vision of creating a global brand of herbal cosmetics from Sri Lanka by 2020. 

President Maithripala Sirisena and German Ambassador to Sri Lanka and the Maldives Jörn Rohde officially handed over the facilities awarded for the winner of the Green Energy Champion competition, including a solar PV system, which now powers th

3WConsulting (3WC), Sri Lanka’s leading enterprise renewal and management consultants, together with the Global Retail Association (GRA) has announced the launch of the international Retail Mastery Programme, which will introduce the country&rs