The sale of a majority of shares in state-owned enterprises (SOEs) is not privatization, but commercialization, Finance Minister Ravi Karunanayake stressed recently, despite past instances being classified to the contrary.

One of Sri Lanka’s eight tea brokers, Ceylon Tea Brokers PLC, recently called on the industry to consider preparation to break into Asia’s high-growth beverage market, as traditional commodity exports are starting to lose steam.

The Index of Industrial Production (IIP) which measures the activity in the country’s manufacturing sector, expanded to 104.3 this October from 101.6 in September.

Apparel manufacturers catering to the domestic market should get ready to become exporters under the government’s new trade policies

Contrade (Pvt.) Ltd, a leading industrial productions company has been able to snatch the ISO 9001 certification for its quality production and administration assurance.

The Ministerial Committee on Economic Management headed by Prime Minister Ranil Wickremesinghe has given the nod this week to import new rice volumes up to 250,000 metric tonnes to meet local market demand. 

Moody’s Investors Service cast its doubts over the achievement of the budgeted revenues by the Sri Lankan government in 2017,

Balasooriya Hospital Chairman Priyanthalal Balasooriya received the Silver award in the Large category – Service sector (National level) and the Silver award in the Large category – Aervice sector (Provincial level) at the Sri Lankan Entr

Renowned motivational speaker and trainer Dhammika Kalapuge held a workshop recently for Wijeya Newspapers Ltd Circulation and Brand and Promotion Department employees at Hilton Colombo Residencies on the topic of ‘Be the best you are born to b

The Colombo Christmas Street (CCS) 2016, a trade and fun fair organized by the Ministry of Tourism and Religious Affairs together with the Colombo Municipal Council,

AFP - Most Asian markets struggled yesterday with traders spooked by geopolitical concerns following deadly attacks in Europe but Tokyo’s Nikkei returned to winning ways, reversing an earlier sell-off as the yen rebounded.

“Sri Lanka is an extremely hospitable country. This is reflected through the warm smiles and welcoming nature of the local people, which is often a rare sight elsewhere in the world,” said Tajikistan Minister of Economic Development and T

Leo Burnett Sri Lanka, the local office of the global advertising network Leo Burnett Worldwide, repeated its success at Campaign Asia’s Agency of the Year (AOY) awards by securing the Gold for Agency of the Year for the Rest of South Asia.

REUTERS - The Sri Lankan rupee closed weaker yesterday on dollar buying by banks and importers, with dealers saying the rupee was expected to fall further unless the country’s central bank stepped in to raise interest rates.

The Development Lotteries Board, which has earned prestige for being the leader of introducing the latest trends to the lottery market, took measures to launch a new lottery recently.

The graduation of the 3rd batch of the Sri Lanka Institute of Directors (SLID) ordinary members took place at World Trade Centre recently.

Thailand Ambassador Nopporn Adchariyavanich assured that his country would support Sri Lanka to strengthen the tax structure. 

Nippon Paints Lanka, one of the island’s largest paint manufacturers, was adjudged the Gold award winner at the recently held National Business Excellence Awards (NBEA) 2016, an annual competition conducted by the National Chamber of Commerce o

Brown & Company PLC announced that its annual report was awarded Silver for the Trading sector at the 52nd Annual Report Awards competition conducted by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) at a glittering event that

Ratings agency Moody’s yesterday noted that Sri Lanka’s Central Bank may have to tighten its monetary policy to limit capital outflows, in the midst of the country’s reserves falling significantly over the past two months. 

State-owned Bank of Ceylon (BOC), Sri Lanka’s largest bank, will be listing a Rs.5 billion debenture on the Colombo Stock Exchange tomorrow, in order to improve its capital adequacies and to expand its loan book amid high private credit growth.

Pan Asia Banking Corporation PLC (PABC) has recently entered into an agreement with Geneva-based Symbiotics Group to raise over US $ 17 million through a senior debt arrangement to support PABC’s sustainable small and medium-scale enterprise (S

REUTERS: Prime Minister Ranil Wickremesinghe has ordered a reversal and a probe into the Rs.1.3 billion Seylan Bank foreign deal as it failed to follow proper procedure, the country’s finance minister said yesterday.

Russel’s celebrated its 28th awards ceremony recently at Hotel Sapphire, Wellawatta with a grand gala dance.

Orient Finance PLC, which was relisted on the Colombo Stock Exchange earlier this year, will be raising Rs.400 million through the issuance of five-year, redeemable preference shares to meet its capital adequacy requirements.

REUTERS: The Sri Lankan rupee closed weaker yesterday on importer dollar demand, as the market braced for declines in the local currency with the Central Bank raising the spot reference rate following a hike in US interest rates, dealers said.

Preethi Fernando, a connoisseur of crystal ware and all things fine and luxurious reopened her super luxury crystal boutique recently with Maliban Biscuit Company Chairman A.G.R. Samaraweera gracing the occasion as the chief guest. 

This August holiday, Surf Excel’s ‘Raja Wada Paddo’, an initiative aimed at encouraging children to use their creativity by making their own toys with discarded items and Surf packs, kept children creatively engaged for the season.

Tokyo Cement Company (Lanka) PLC commenced the initial testing of a cutting-edge cement manufacturing plant in Trincomalee at a soft opening ceremony held recently.

Laugfs Holdings, one of the largest diversified business conglomerates and a trusted name in Sri Lanka, yet again clinched an award for its pioneering GnTracker device at the prestigious Asia Pacific ICT Alliance (APICTA) Awards 2016 held recently in