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

AFP - Singapore sovereign wealth fund GIC will pay close to US$ 60 million for a 50 percent stake in a leisure and dining development in Britain, a joint statement said yesterday.

Rohanthi Wijewickrama for business, economic and entrepreneurial accomplishment Mohamed Shihan Haniff for the contribution to children and world peace

The Ten Outstanding Young Persons of Sri Lanka (TOYP) Awards for 2016 was held recently with the presence of Junior Chamber International President, Paschal Dike from Nigeria as the chief guest. 

REUTERS: The Sri Lankan rupee fell 3.9 percent in 2016, with the spot currency reference rate hitting a record low yesterday, as higher imports and private sector credit as well as lower export earnings weighed on the currency throughout the year.

Nawaloka Hospitals held a lineup of festive activities to celebrate the spirit of Christmas on 21st December. 

Lanka Shakthi Technologies (Pvt) Ltd opened up a branch in Galle to expand its operations to Southern province. 

Etisalat Sri Lanka celebrating unbreakable bonds with the staff and their families recently held a carol service at their Rotunda Store and a Christmas decoration competition at their head office in Colombo.

CPI Footwear (Pvt) Ltd recognized for their trustworthy mark in the world of footwear manufacture and sales grabbed Business Excellence Award at Entrepreneurship 2016 organized by Sri Lanka Chamber of Small and Medium Industries. 

AFP - Tokyo retreated again yesterday despite Toshiba’s shares ending their three-day free fall but Hong Kong rallied as Asian markets brought down the curtain on a volatile year. 

AFP-  China’s State Grid Corporation is set to build a US$1.5 billion power line across Pakistan to enable the transmission of 4,000 megawatts of electricity from the country’s north to south, the government said yesterday.

REUTERS: Sri Lankan shares fell yesterday, posting a yearly decline of about 10 percent, in thin trade due to year-end holidays, while investors waited for directions from the Central Bank on the rupee and interest rates.

REUTERS: The Sri Lankan rupee closed steady yesterday as light importer dollar demand was met by exporter selling and moral suasion by the Central Bank boosted sentiment, dealers said. They said the local currency might weaken in January after the Ce