The Jaffna International Trade Fair (JITF 2017), the largest consumer exhibition and trade fair in the fast-growing northern region of Sri Lanka, will have an exclusive pavilion for the education sector due to the high demand for the area, specially

Ceylon Tobacco Company PLC (CTC) yesterday said it is letting go 20 percent of its factory staff on the back of sharp decline in its sales volumes.

Sri Lanka’s budget deficit up to October was contained at Rs.547.53 billion or 4.41 percent of gross domestic product (GDP) with higher revenue holding back higher expenditure to improve the situation from Rs.612.24 billion or 5.47 percent of G

The Sri Lankan government has been tackling illegal alcohol operations more efficiently recently, which has created more business for formal hard liquor manufacturing companies, the industry’s market leader said recently.

Lamurep Investments Ltd, an investment vehicle which now holds 43.4 million shares or 32.12 percent of Sunshine Holdings PLC, yesterday announced a voluntary offer to buy the remaining shares of the company at Rs.47.50 per share.

REUTERS: The Sri Lankan rupee closed weaker in its first session of the year yesterday as a lack of inflows weighed on sentiment, dealers said.

Telecom operator Lanka Bell, which has been whammed with taxation, is hoping to get back on its feet through efficiencies and cost cutting, its parent Melstacorp PLC (MELS) said recently.

Commercial Bank’s credit cardholders are now eligible to enjoysubstantial savings onpurchases made at Flemingo Duty Free at the Bandaranaike International Airport (BIA).

Janis McDavid was born in 1991 in Hamburg, Germany and grew up with four siblings in Bochum, Germany. 

Finance Minister Ravi Karunanayake assuring sustained economic development in the New Year said he was delighted to announce the introduction of a bonanza for all school children from 2017.

 DFCC Bank, in its efforts to celebrate the spirit of season has been very active in the month of December, adding to the festive ambience in Colombo. 

Hayleys PLC owned, Talawakelle Tea Estates PLC (TTE PLC) was honoured with a Gold Award under the plantation companies category for the third successive year by the Institute of Chartered Accountants of Sri Lanka at the 52nd Annual Report Awards cere

Sri Lanka’s Industry and Commerce Ministry yesterday threw its full weight behind the latest national initiative on poverty and sustainable resources.

AVIC International Hotels Lanka Limited, a subsidiary of the Aviation Industry Corporation of China (AVIC) and a Global 500 company recently launched AVIC Astoria’s Tower 1 to the public at an event which took place amidst a ceremonial gatherin

Pathfinder Foundation Founder Milinda Moragoda visited Japan recently. The photo shows him with senior Japanese emissary, Ambassador Yasushi Akashi and Foreign Affairs Ministry International Cooperation Bureau Director General Takio Yamada. Akashi an

Business Initiative Directions (BID) recently recognised Hypromac Engineering Services of Sri Lanka for commitment to quality, leadership, technology and innovation in the pursuit of excellence. 

Colombo International Container Terminals (CICT) has reported a throughput of 2 million TEUs for the 12 months ending 31st December 2016,

In a filing to the Colombo Stock Exchange last Friday, Sri Lanka’s premier connectivity provider, Dialog Axiata PLC, announced the succession of Supun Weerasinghe, as its Group Chief Executive, taking over from Dr. Hans Wijayasuriya who led the

Despite the slight slowdown seen in private sector credit granted by the banking system in the country in October on a year-on-year (YoY) basis, the month marked the highest credit granted in absolute terms after March this year, bringing the total p

An influential shipping industry body recently said delays in the construction and operations of the East Container Terminal (ECT) of the Colombo Port may result in investors and container volumes shifting to regional ports.

Sri Lanka’s headline inflation in capital Colombo accelerated to 4.1 percent during the 12 months to December from 3.4 percent due to faster rise in food and beverage (F&B) prices and moderate increases in non-food prices, the data released

Melstacorp PLC, (MELS) the latest entrant to the Colombo Stock Exchange, and the new parent of the blue chip Distilleries Company of Sri Lanka PLC (DCSL), is planning to focus on the three core areas of niche tourism,

The sale of state-owned investments continued last week, with Overseas Realty Ceylon PLC (ORCL) acquiring the remaining shares of its subsidiary Mireka Capital Land (Pvt) limited from state-run Bank of Ceylon for Rs.3.88 billion.

For the first time in the private healthcare industry in Sri Lanka, Lanka Hospitals hosted ‘Clinical sessions 2016’, a forum created for medical professionals to share and upgrade knowledge, develop a learning culture and maintain continu

Unilever’s iconic beauty brand Lux, catapulted them into the New Year with yet another innovative promotion guaranteed to ignite the Lux spark in the hearts and minds of its consumers, namely ‘Lux Suwadaka Siwu Abarana’.

Minuki Group of Companies are pioneers of trusted total solution providers with the noble and diligent service to the footwear industry in Sri Lanka, was presented the National Silver Award by President Mithripala Sirisena at the  “SLCSMI

Ceylon Biscuits Limited (CBL) took centre-stage yet again at the ‘Best Corporate Citizen Sustainability Awards 2016’ held recently. 

Colombo City Centre, the majestic mixed-use development project by Abans Group in collaboration with SilverNeedle Hospitality is getting ready to redefine the benchmark of luxury in Colombo, Sri Lanka. 

Sri Lanka kept policy rates were unchanged during yesterday’s monetary policy review as private credit showed signs of slowing, though in absolute terms the figure still remained high, the country’s Central Bank said.

The trading of shares of Melstacorp PLC, the new parent company of the restructured Distilleries Company of Sri Lanka PLC (DCSL), commenced yesterday at the Colombo Stock Exchange (CSE), with great optimism from both the CSE and Melstacorp top manage