Amaya Leisure PLC, Hayleys group’s leisure arm has sold 6.18 million shares or 84.3 percent of its subsidiary, The Beach Resorts Limited, to businessman Dhammika Perera for a consideration of Rs.330.1 million in a related party transaction, a s

A leading exporter has urged the government to resolve the prolonged issues with the existing free trade agreement (FTA) with India prior to signing the controversial trade and services pact which will open up market access to both goods & invest

Employees of the Hambantota Port who are now facing the possibility of mass layoffs may be recruited by the Sri Lanka Ports Authority or the new owners of the port, China Merchant Holdings, depending on qualifications, a Sri Lankan minister said this

The economic digitalization process proposed by Budget 2017 will create a conducive background, giving easy access to markets and technology, Finance Minister Ravi Karunanayake said.

The Annual General Meeting of the Computer Society of Sri Lanka (CSSL) was held recently, and the new executive council for the year 2017 was duly elected. 

ECONOMYNEXT: The Sri Lanka Ports Authority will next year employ its first female gantry crane operators presently undergoing training at its Mahapola Training Institute, Minister of Ports and Shipping Arjuna Ranatunga said.

REUTERS: Gold demand in India remained subdued this week despite a sharp fall in prices to over 10-1/2 month lows as a severe cash crunch and holidays kept buyers away from the market, while premiums in China fell from near 3-year highs touched in th

REUTERS: The concentration of wealth among euro zone’s richest households has increased since the bloc’s debt crisis, even as wealth levels fell across the board due to lower property prices, a survey released by the European Central Bank

AFP - Hong Kong and Shanghai led an Asian sell-off yesterday, as markets followed Wall Street lower and oil prices weakened on the last trading day before Christmas.

Hatton National Bank (HNB) staff held their annual Christmas carols at their head office auditorium recently. 

Seylan Bank recently held its annual Christmas carols under the theme ‘Celebrating Christmas in Harmony’ to usher in the festive season. 

The Season 4 of the Shopping Star annual shopping promotion, jointly organised by Unilever Sri Lanka and Cargills Food City draws to a successful closure recording a surplus of interest from customers. 

REUTERS: The Sri Lankan rupee was steady in lacklustre trading yesterday ahead of a long weekend, amid little importer demand for the dollar,  dealers said.

Over the years Coca-Cola with its well-loved Christmas adverts and campaigns, as well as its ongoing promise of refreshment, has become an integral part of the holiday season. The festive season however,

Pan Asia Bank recently organised an evening of Christmas carols to celebrate the spirit of the season. At this event, which was held at Pan Asia Bank’s head office, talented choristers of Pan Asia Bank staff entertained the audience with a sele

Cash Bonanza Montero Extravaganza 2016, introduced by the national mobile service provider SLT Mobitel, saw A.L. Sathkumara from Weerapokuna walk away with the Montero for November 2016, as the 11th lucky winner. 

Abans recently held its Christmas carol competition at Abans Elite Welisara. 

REUTERS: Sri Lankan shares fell for an eighth straight session yesterday, closing at their lowest in more than eight months, in typical holiday-thinned trade as investors stayed away ahead of the Christmas weekend.

The LOLC group’s Brac Lanka Finance PLC (NIFL) yesterday announced its plans to raise Rs.1.32 billion through a rights issue of shares

?Despite the bullish attitude of the country’s finance minister, Sri Lanka’s import-driven economy is unlikely to experience any respite on its external front for a significant period of time, senior economists warned recently, compoundin

Focusing on healthy vegetarian lifestyle, Sujan International (Pvt.) Ltd has introduced a range of highly nutritional beverages and vegi kottu with moringa. 

Maliban Biscuits, Sri Lanka’s most renowned and trusted biscuit manufacturer, has become the only food company..

Randeniya Internatinal (Pvt.) Ltd received the award for Best Entrepreneur 2016 in the Western Province recently.

Dialog Television, the leading satellite entertainment network in the country with over 800,000 customers, launched its newest post-paid monthly rental package Power Plus to the market recently. 

The LOLC group company, Sagasolar Power (Private) Limited (Sagasolar), announced the opening of the first-ever utility-scale solar power plant in Sri Lanka.

Despite the progress made over a few minor matters, since the silent revolution on January 8, 2015, which established the coalition government, no good governance has been established thus far and Sri Lanka is dangerously getting closer to relapsing

The Finance Ministry has released Rs.5.5 billion to the Agriculture Ministry to be distributed among the farmers to purchase fertilizer for the Maha season.  

Sri Lanka’s national inflation, measured by the National Consumer Price Index (NCPI), slowed to 4.1 percent in November from 5.0 percent in October, on a year-on-year (YoY) basis.

Keells Food Products PLC (KFP), the processed food manufacturing arm of the country’s largest conglomerate John Keells Holdings PLC (JKH), yesterday got itself transferred to the secondary Diri Savi Board from the Main Board of the Colombo Stoc

State banking giant Bank of Ceylon’s (BOC) listed rupee debenture issue up to Rs.8 billion was snapped up on the opening day (yesterday) with the value of total applications received exceeding over Rs.10 billion.