Seylan Bank PLC reported some robust performance for the three months ended on December 31, 2021 (2Q22), with almost all key indicators having improved amid satisfactory growth in loans and capital heft, which is going to get a further boost in the m

Venture Engine has spotlighted the resurgence of the start-up sector with its successfully concluded Finale, which was held on February 23, 2022.

Meta, formerly known as Facebook, has partnered with Sri Lanka’s National Youth Services Council (NYSC) to launch an entrepreneurship programme boosting economic growth for the country.

Tea is a drink with endless variations – whether you like it with a serving of scones or spiced, like Indian Chai or infused with mint like Moroccan tea or even Japanese Matcha. It’s the most popular drink in the world after water, with a stagger

People’s Bank picked the first batch of winners of the ‘People’s Remittance Vaasi Kotiyai, Ewannai Dinannai Draw’ where the daily and Weekly Winners for the first two weeks of February were selected.

Sri Lanka Insurance (SLI) partners with Sri Lanka Institute of Marketing (SLIM) as the insurance partner for the ‘Agrisaviya’, the first Agri-Business Management and Entrepreneurial Programme offered in Sri Lanka.

Orient Finance PLC recorded a Profit Before Tax (PBT) income of Rs.139 million for the three months ended December 31, 2021 (3Q22), demonstrating a growth of 97 percent in comparison to the corresponding period in the previous financial year.

Abans Finance PLC, a member of Abans Group, recorded its best ever Profit After Tax (PAT) of Rs. 306 million for any financial year during the nine months ended December 31, 2021. The firm’s total assets reached close to Rs.10 billion.

Trading at the Colombo Stock Exchange was halted for the second consecutive day today for 30 minutes as the S&P SL20 Index declined by 5 percent from the previous session.

The long-delayed global tourism campaign will receive funding assistance from the Treasury with Finance Minister Basil Rajapaksa having agreed to extend US $ 56 million for the effort.

SriLankan Airlines has adorned one of its aircraft with customised livery to reaffirm its status as the official airline of the much-awaited ‘Raid Amazones 2022’.

The Colombo bourse yesterday plunged nearly 7 percent, with investors probably getting a grasp of the serious economic crisis unfolding amid over four-hour-long power outages, due to lack of diesel to generate electricity.

India’s Foreign Minister Subrahmanyam Jaishankar said yesterday the country is willing to make investments in Sri Lanka to help it ease a financial crisis, foreign media reported.

Seylan Bank PLC yesterday revealed the plans to raise up to Rs.6 billion via a listed, Basel III-compliant debenture issue.

A joint venture among Dialog Broadband Networks, Formis Network Services and Access International has secured a bid to design, supply, implement and maintain a court automation for the judicial system of Sri Lanka.

The foreign exchange shortage, which took a turn for the worse in the recent past, resulting in regular power cuts, is likely to hit the Independent Power Producers (IPPs), due to the potential delays in payments from the Ceylon Electricity Board (CE

Lanka Tiles PLC announced that the specialised clay tiles from Samson Rajarata Tiles (Pvt) Ltd will now be made available to customers through its network.

Fitch Ratings yesterday said number portability, which is expected to be introduced in 2022, is unlikely to have a material impact on Dialog Axiata PLC, the market leader across mobile, pay-TV and home broadband segments in the country.

Overseas Realty (Ceylon) PLC recorded a steady growth in revenue and profitability, primarily driven by the Havelock City residential sales.

Capitalising on the improved connectivity brought about by the ongoing development of the road networks across the country, Prime Lands said it will position new properties with easy highway access.

Access Engineering PLC (AEL), Sri Lanka’s foremost civil engineering enterprise is nearing completion of the Anuradhapura North Water Supply Project (ANWSP) - phase I, eyeing the end of March 2022 for completion.

The Government of Sri Lanka (GoSL) has very ambitious plans for the country’s economic transformation, including an economic growth expectation of more than 6 percent during the five-year period of 2022-2027.

Colombo District Court Judge Anura Aluthge yesterday issued an enjoining order restraining Commercial Bank PLC from acting upon the board resolution passed on November 29, 2019.

Testa Bake House was established in 1982 as a small business and today expands its network of branches throughout the island as the Testa group provides hygienic processed foods, bakery products and other foods to government agencies, private institu

Daraz CEO and Founder Bjarke Mikkelsen visited Sri Lanka on February 14 and 15, 2022 and held an exclusive meeting with Prime Minister Mahinda Rajapaksa.

In line with Colombo prices, the national consumer prices too climbed in January reaching its highest levels since officials began compiling data for the index in October 2015 as food prices climbed and the non-food prices continued to gain pace.

Sri Lanka will sign a Memorandum of Understanding (MoU) with the United States (US) to improve the capacity of local milk production.

The Cabinet of Ministers this week approved a proposal to provide incentives under the Strategic Development Project Act for the proposed US$ 70.4 million luxury urban hotel by Sri Lanka’s Damro Group.

Oil prices surged close to US$ 100 per barrel yesterday as major crude producer Russia prepared to send troops into two breakaway regions of Ukraine, sparking Western nations to ready economic sanctions against Moscow.

The deficit in the budget hit an all-time high in January-November 2021 period, as the latest fiscal data showed revenue slippages and expenses over and above what was budgeted and what was spent a year ago.