Sri Lanka’s first multinational textile manufacturer Teejay Lanka PLC saw its earnings for the quarter ended on March 31, 2023 (4Q23) declining, despite the gains at the top line, amid higher sales costs, finance expenses and increased taxation.

Colombo International Container Terminals (CICT) has announced the maiden call of a new service to the Port of Colombo that will connect Sri Lanka with the East Coast of the United States via Asia, strengthening another important trade route for expo

Legal luminary Dr. Harsha Cabral assumed duties as Chairman of state-run National Savings Bank (NSB) yesterday.

The HNBA Group delivered a strong financial performance in 2022, setting a high bar for the company to maintain and meet in 2023.

Responding to the increasing demand for gold loan services in the Kandy district, HNB Finance introduced a newly dedicated Gold Loan Unit at its Nawalapitiya branch located at No. 32/2, Ambagamuwa Rd, Nawalapitiya.

AIA Sri Lanka announced the appointment of Chanaka Liyanage as the company’s Chief Agency Officer, effective 01st April 2023.

In a situation where many people are forced to postpone their financing needs due to limited availability of financing solutions, very high rates and minimal time period being allowed for repayment, impacting their affordability, Amana Bank has come

DIMO has announced that it will be the platinum sponsor for the highly anticipated Construction, Power & Energy 2023.

People’s Bank awarded the grand prize of 10 million rupees to M.A. Suranjana Perera, as part of its highly anticipated ‘People’s Remittance Vaasi Kotiyai Bonanza’ campaign.

ICC Pvt Ltd, having completed 3500 housing units stands tall in being the only contractor plus Developer in Sri Lanka, with whom one can assure an investment worth a lifetime.

Sri Lanka needs a social housing plan. Over the years, I have repeatedly emphasized the detrimental impact of the housing shortage and high costs in Sri Lanka, particularly in the Colombo Metropolitan Area, on the country’s economic growth.

To help Sri Lanka advance the national development agenda to tackle some of the most pressing challenges faced in society, efforts are underway to strengthen the social innovation ecosystem in the island nation.

The Japanese government through the Food and Agriculture Organization of the United Nations (FAO) is providing US$ 4.6 million to strengthen the production capacity of smallholder paddy farmers in identified districts of the dry and intermediate zone

Tourist arrivals to the island nation continue to slow down with the number of weekly international travellers entering Sri Lanka dropping...

Despite the sharp upward revisions in electricity tariffs, the financial performance of the Ceylon Electricity Board (CEB) remains dismal....

Port City Colombo (PCC), the sprawling 269-hectare area of reclaimed land, is set to begin its construction phase, which is poised to attract investments worth US$ 14 billion, with its infrastructure development phase nearing completion.

Despite adverse market conditions, DFCC Bank PLC delivered strong March quarter (1Q23) results on the back of fattened margins...

Dialog Axiata PLC, the market leader in mobile telephony space posted higher earnings for the quarter ended March 31, 2023...

BOI Chairman Dinesh Weerakkody referring to a recent article published in Mirror Business claiming that half of the BOI projects...

China should play a formal role in the common framework for creditor talks set up by India and the Paris Club that is aimed.....

Indices closed in red as a result of price losses in counters such as Sampath Bank, National Development Bank and Hatton National Bank...

The United Nations Development Programme (UNDP) has recently entrusted Lanka Hydraulic Institute (LHI) to conduct a hydro....

Roshell Manpower Agency, one of Sri Lanka’s leading foreign employment agencies, was honoured with the five-star award at the Golden...

Cargills began its Village to Home programme over three years ago to strengthen the country’s small and medium entrepreneurs....

SPAR supermarkets Sri Lanka celebrated the culmination of five years of excellence in service and product standards with an awards....

New Anthoney’s Farms (Private) Ltd, one of the country’s leading poultry producers with a knack for innovation and sustainability, recently....

Hayleys Solar, the renewable energy arm of Hayleys Fentons, in partnership with Lumala, a pioneering bicycle brand in Sri Lanka....

Kia Motors (Lanka) Limited recently relaunched its website with an array of new navigational features, including scrolling videos, captivating....

The International Monetary Fund (IMF) expects Sri Lanka to complete the debt restructuring process by the first review of the country’s US $ 3 billion programme, which is scheduled for September-October.

Bank of Ceylon (BOC) has reported Rs.3.3 billion of profit before tax for the three-month period ended on March 31, 2023, amidst the unprecedented challenges continued to prevail from the previous year.