Daraz, Sri Lanka’s fastest-growing online marketplace, is committed to elevating the local e-commerce landscape by enabling local entrepreneurs to seamlessly sell their products to the international market. The platform, currently

Pioneer chicken processor Bairaha Farms PLC subsidiary Glboal Reach Foods Pvt. Ltd. has invested Rs.310 million in a new venture that involves the production and export of certain niche meat-based products. The company is e

Chevron Lubricants Lanka PLC, the country’s lubricant market leader in terms of market share, saw its third quarter earnings ended September 30, 2023 (3Q23) falling amid flat revenues and higher cost of sales. The company reported

Printcare PLC, a leading printing and packaging company in the country said it is setting up a fully-fledged packaging company in Kenya. A stock market filing sa

Lanka IOC PLC said yesterday it has been granted with the renewal of Petroleum Products License for a period of 20 years with effect from January 22, 2024. Prior to the re

Autogroup International Sri Lanka (AGI), a 100 percent Australian-owned company specialising in the conversion of vehicles from left-hand drive to right-hand drive and then reex

The Colombo Stock Exchange (CSE) yesterday announced the launch of regulated short selling (RSS) through stock borrowing and lend

Sri Lanka is looking to enter into more trade agreements with Asian nations to enhance its trade integration across South, Southeast and East Asia, as the country seeks to improve its economic prospects. The President’s of

`SriLankan Airlines was crowned as the Leading International Airline - South Asia, at the South Asian Travel Awards (SATA), in Bangalore, India, recently. SriLankan further sec

In recognition of its picturesque setting and exceptional hospitality, Radisson Blu Resort Galle has been honoured with the prestigious APEX Award for Most Scenic Destination Wedding Venue. Situated in the scenic southern

Expolanka Holdings PLC/Classic Travel (Pvt.) Ltd Director Leisure Cluster Sabry Bahaudeen was elected as President of the IATA Agents Association of Sri Lanka (IAASL), at the 35th Annual General Meeting. An old boy of Royal Co

The third session of Sri Lanka Economic Summit 2023 (SLES 2023), conducted by the Ceylon Chamber of Commerce on November 28 and 29, will centre around exploring how Sri Lanka can capitalise on its strategic location and implement a ‘+1 strategy’

The Central Depository Systems (CDS), a fully-owned subsidiary of the Colombo Stock Exchange (CSE), recently signed an agreement with LankaPay, Sri Lanka’s national payment network, joining its Online Payment Platform, to develop an innovative paym

Sri Lanka’s ornamental fish industry received a much-needed boost from the Export Development Board (EDB) Ornamental Advisory Committee meeting, which was held recently at the EDB. Chaired by Orn

The United States has stressed the equal and equitable treatment of all creditors in Sri Lanka’s debt restructuring efforts while congratulating the island nation on securing a staff-level agreement with the International Monetary Fund (IMF).

As Sri Lanka continues to deal with the outflux of its talent pool, largely owing to the prevailing economic conditions, the Institute of Policy Studies (IPS) stressed the need to look at designing an appropriate mix of policies to address labour and

Sri Lanka plans to amalgamate the country’s plantation industry and agriculture sector as part of its effort to modernise the country’s agricultural landscape.

The Cabinet of Ministers this week approved a resolution to accept a JPY 200 million grant from the Government of Japan to promote the growth of the Sri Lankan fisheries industry.

The Jaffna International Trade Fair 2024, a transformative annual event that has played a pivotal role in fostering economic growth and community development in Sri Lanka’s Northern Province, is back with its 14th edition. Organized by Lanka Exhibi

The BOI, keeping with its strategic planning goals of attracting more digital and technology-driven FDI with Salus Safety Robotics Pvt Ltd a subsidiary of Salus Safety Inc., a South Korean company with over three decades of industry experience, is in

Boat & Marine Show 2023 organized by Chamber of Marine Industries of Sri Lanka (CMISL) and Sri Lanka Export Development Board (EDB) in association with Ministry of Industries, Tourism Promotion Bureau and other relevant stakeholders will be held fro

President Ranil Wickremesinghe held discussions with Sinopec Group Chairman Ma Yongsheng and top executives of Sinopec Group in Beijing last week to discuss their ongoing projects in Sri Lanka. Sagala Rathnayake Senior Advisor to President, Governor

Colombo Dockyard PLC (CDPLC) this week ceremoniously handed over the third vessel of the 5000DWT Eco Bulk Carriers series, named Misje Viola, to Norwegian company Misje Eco Bulk AS. The event was attended by Misje Eco Bulk AS Chairman Roald Misje, co

AFP: Dutch brewing giant Heineken said yesterday that it sold less beer in the third quarter, noting that higher prices and the poor economic outlook was affecting consumer demand. The company, whose stable of brands includes Amstel, Sol and Tiger, s

The interim injunction issued by the Colombo Commercial High Court, restraining the four defendants, including Chint Power Solutions (Pvt.) Ltd, from using the ‘Chint Power’ trade name in any manner and using Chint Power name or any other name th

The Colombo Stock Exchange was yesterday informed that the Nepalese billionaire Binod Chaudhary’s CG Corp Group has completed the deal to acquire the majority stake of Union Bank of Colombo PLC. The deal was first announced in December 2022 and rec

The Colombo Stock Exchange (CSE) was yesterday informed that the Nepalese billionaire Binod Chaudhary’s CG Corp Group has completed the deal to acquire the majority stake of Union Bank of Colombo PLC.

Dialog Axiata PLC recently achieved a significant milestone by becoming the first telecommunications service provider in the country and among the select few in South Asia to be awarded the ISO 27701 certification, the internationally recognised stan

In the first 22 days of October, Sri Lanka welcomed 77,763 tourists, bringing the year-to-date total to 1,094,019, according to provisional data from the Sri Lanka Tourism Development Authority (SLTDA).

The Ministry of Tourism, in its recent efforts to boost international tourism to Sri Lanka, received a series of approvals from the Cabinet of Ministers this week.