Sri Lankan shares treaded water yesterday, after falling for four straight sessions, as gains in communication services and energy firms were offset by a drop in technology and utility stocks.

NDB Bank PLC reported strong top line, but the profits slipped in the three months ended December 31, 2021 (4Q21) as the bank made outsize provisions against possible loan defaults and other financial assets although the asset quality had improved.

Sri Lanka is open to discussions with the International Monetary Fund (IMF) and other multilateral lenders for assistance, a Cabinet spokesman said yesterday, as it faces its worst economic crisis in years.

Sri Lanka’s tourist arrivals crossed the 70,000 mark in the first three weeks of February. Provisional data from the Sri Lanka Tourism Development Authority (SLTDA) released yesterday showed that the island nation welcomed a total of 73, 048 touris

Tourism Ministry yesterday requested President Gotabaya Rajapaksa to exempt tourist zones from the scheduled power cuts by the Ceylon Electricity Board (CEB).

Resus Energy PLC, a forerunner in renewable energy, operating a number of small hydropower and ground-mounted solar PV stations in Sri Lanka, recently connected its eighth small hydropower station to the national grid.

Associated Advanced Rubbers (Pvt.) Ltd recently signed an investment agreement with the Board of Investment (BOI) to set up a facility to manufacture advanced rubber material for direct and indirect export.

Reiterating its commitment to transforming Sri Lanka with cutting-edge digital solutions, SLT-Mobitel, the national ICT solutions provider, has partnered with the Department for Registration of Persons (DRP), marking an important milestone in Sri Lan

Lanwa Sanstha Cement Corporation (Pvt.) Ltd, a state-of-the-art cement manufacturing facility that is expected to be one of the region’s largest, is set to commence operations in early March of 2022.

The One Island Thousand Treasures (OITT) campaign was launched yesterday to generate content that would help narrate Sri Lanka’s compelling story to global travellers.

Sunshine Holdings announced the appointment of Ruvini Fernando to the company’s board as an Independent Non-Executive Director, with effect from February 21, 2022. With the new appointment, the board of Sunshine Holdings will be comprised of 10 dir

Leading tech firm Bileeta was recently recognised on an international platform for its recently developed vaccine information management system, at APICTA 2020-21 gala awards.

Tara Watergate Hotel owner Tara Kodituwakkuwas was recently felicitated with the Emerging Entrepreneur of the Year Award, at the annual WIM Awards in recognition of the courageous women in the field of entrepreneurship and management in Sri Lanka.

PGP Glass Ceylon PLC reported its nine-month results as at December 31, 2021, with a turnover of Rs.7,064 million and profit after tax (PAT) of Rs.1,078 million, as against a turnover of Rs.5,961 million and PAT of Rs.694 million in the previous year

Awarded as Sri Lanka’s best supermarket in 2021 by Retail Asia, Softlogic Supermarkets (Pvt.) Ltd continues to inspire the country’s deserving consumer with another one-of-a-kind global supermarket experience with Glomark Thalawathugoda, its 12th

National Development Bank PLC - Sri Lanka’s fourth largest listed bank and most awarded corporate posted sound all-round performance for 2021, notwithstanding the multiple challenges that marked the year

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

Efforts are underway to initiate the manufacturing of clay related products at the We-Uda factory located at Kurunegala for which the government is on the lookout for potential investors.

Sri Lanka’s commercial banks gave a record amount of credit to the private sector in 2021, defying the impact of the pandemic and its related vagaries on the broader economy, albeit the growth in the second half of the year somewhat eased compared

The income recorded from tourism for the month of January 2022 has almost doubled from what was initially captured and reported by the Central Bank. In a span of a week, the change in earnings reported has increased by over US $ 100 million.

Following the conclusion of its successful listing on the Colombo Stock Exchange, Hela Apparel Holdings has expanded its global footprint by formally commencing operations at its latest factory in Egypt recently.

Sri Lankan shares ended sharply lower yesterday, recording their worst day in over a year amid broad based losses and steep declines in energy, industrial and financial firms.

Hayleys Free Zone Ltd yesterday announced the re-exportation of the final 45 containers containing waste material brought to Sri Lanka from the United Kingdom.

Nestle Lanka PLC, the local unit of the Swiss-based global food and beverage giant, reported robust top and bottom line performance for the three months to December 2021 (4Q21), as the company was among the favorites to be benefitted from the strong

Sri Lanka’s slowly reviving tourism sector is already gearing up to face the next hit by taking the necessary measures to ensure it is cushioned against any upcoming crisis.

Hatton National Bank PLC (HNB) reported solid performance for the December quarter (4Q21) with improvements in asset quality, margins and return on equity amid robust growth in new loans.

Panasian Power PLC (PAP), a leading supplier of renewable energy to Sri Lanka’s national grid recently commissioned two ground solar power projects, 1MWac ground solar plants in Mahawa (also known as Maho), and Pannala, both in the North Western Pr

Pan Asia Banking Corporation PLC reported robust performance for the three months to December 2021 (4Q21) on the back of higher margins, improved asset quality and the growth in new loans.

The apparel manufacturing segment of Aitken Spence was awarded the Bronze Award for Industrial Excellence in the Manufacturing sector-Extra Large category Provincial level and a Merit Award in the Manufacturing sector – Extra Large category Nationa

The Airline Pilots Guild of Sri Lanka (ALPGSL) yesterday sought to set the record straight on a number of issues linked to its ongoing ‘Fly the Roster’ campaign while countering several erroneous and misleading reports published in connection wit