Billionaire investor George Soros bought nearly 20 million shares of electric truck start-up Rivian Automotive Inc (RIVN.O) in the quarter ended on December 31, securities filings showed Friday.

McLarens Group, the master distributor of 3M in Sri Lana, which provides world-class automotive, industrial and construction products, achieved a record-breaking year in 2021, despite the many challenges presented by the global pandemic.

Sri Lanka’s most innovative transport services management provider Oki Doki (Pvt.) Ltd, a subsidiary of Expolanka Holdings PLC, recently secured a rank in the Great Place to Work 2022 list.

DSI Tyres, the No.1 award-winning tyre brand in Sri Lanka, has marked a historical win against companies from a wide range of industries and fields by winning the Local Brand of the Year 2021 Silver award and Product Brand of the Year 2021 Bronze awa

The Industry 2022 exhibition stall of Ideal Group, Sri Lanka’s premier organisation with core business interests in motor franchise imports and motor spare parts, generated strong public interest drawing large crowds.

The Ceylon Motor Traders Association (CMTA) yesterday raised concerns about the difficulties in establishing letter of credit (LC) facilities with regards to spare parts orders.

Sri Lanka Print Exhibition and Trade Fair 2022, organised by the Sri Lanka Institute of Packaging and Sri Lanka Association of Printers, kicked off at the BMICH yesterday.

Car spare parts dealers in Sri Lanka’s main city of Colombo are receiving a steady stream of customers looking for what is fast becoming a prized commodity in the island nation - side mirrors for Suzuki’s compact Wagon R.

Award-winning destination management company Asian Adventures Travel Management welcomed its first large incentive tour to Sri Lanka yesterday since the outbreak of the COVID-19 pandemic.

The Board of Investment (BOI) recently entered into an agreement with TPS Ceramic Industries (Pvt.) Ltd to set up a US $ 8.4 million manufacturing facility in the Kalutara district.

The local retail industry said it has seen the worst hit from the implications stemming from the pandemic and finds itself in a more aggravated situation

Fitch Ratings this week said the Sri Lankan banks are likely to face continued asset-quality pressure in 2022, as the rising macroeconomic stresses stemming from the sovereign credit profile pose a threat to borrowers’ repayment capacity, alongside

Sri Lankan shares fell more than one percent yesterday, logging losses for a fourth straight week, weighed down by industrial and financial stocks.

The boss of one of Asia’s biggest airlines has called on governments in the region to open their borders for the sake of people’s livelihoods.

Hayleys Group continues to provide vital support towards education to its adopted villages with the ‘Puritas Sathdiyawara Going Beyond’ project being implemented for the seventh consecutive year.

Citizens Development Business Finance PLC (CDB) has surpassed Rs. 50 million in its National Pandemic Response effort which included contributions to the national healthcare system and support of communities impacted during the lockdown.

The Environment Unit of national carrier SriLankan Airlines concluded another subproject under its master Upcycle Project by donating repurposed wheelchairs to the residents of the Sarana Buddhist Foundation’s home for the elderly recently.

Norlanka, one of Sri Lanka’s largest sustainable exporters of baby and kidswear, was awarded the ISO 14064:1 certification by the Sri Lanka Climate Fund (SLCF) recently.

As more and more organizations express their commitment to minimizing the usage of single use plastic, Sri Lanka’s leading direct selling company, Global Lifestyle Lanka acknowledged that a firm committed towards not using single use plastic throug

Colombo has its very own sports centre that offers a range of sea-borne experiences with Lanka Sportreizen (LSR) having launched ‘Clubhouse’ at the Port City.

Pegasus Reef Hotel kicks off today the wedding event of the year, the ‘Pegasus Wedding Show’.

Samsung Sri Lanka announced the release of its new Galaxy Tab A8, the most streamlined and powerful Tab A Series device yet.

Nestlé Milo’s has kicked off a campaign for children across the island to be active during the pandemic.

Chatham Street of Colombo one has been added with the hottest rustic themed pub and grill, with The JOINT entering the scene.

Sri Lanka’s hotel sector yesterday asserted that the proposed blackouts for large-scale electricity consumers will be detrimental for the tourism industry, given that it is only beginning to slowly recover from the massive hit experienced in the la

In an unexpected move, the government has withdrawn the waiver on liquor license renewal fee for the tourism sector that was made available till 31 December 2022.

While SriLankan Airlines may not be looking for outside parties to divest in its core airline business partly or fully, the airline remains open for partnerships for its catering and ground handling businesses should the deals be attractive, accordin

Sri Lanka’s fast crumbling power sector needs improved collaboration among stakeholders where all are treated as equals, an energy expert said.

The Central Bank (CB) is likely to instruct State-owned banks to extend letter of credit (LC) facilities to Laugfs Gas PLC, which is struggling to procure LP gas (LPG) shipments amid the on-going foreign exchange crisis, according to industry sources

The Commercial High Court has refused to grant an interim injunction against Vortex Aventura (Private) Limited, restraining from directly or indirectly using any tradename or any business identifier, including domain names or email addresses,