Kelani Tyres PLC yesterday said it would invest up to Rs.3.2 billion to increase its tyre manufacturing capacity and upgrade its machinery.

Sri Lanka’s consumer prices hit a 13-year high in January, as the country continues to grapple with import restrictions, foreign exchange shortages and failed harvests.

The Urban Development Authority (UDA) is gearing to call requests for proposals (RFPs) for a high-rise mixed development project on the Chalmers Granaries land, which is now branded as ‘Golden Gateway to Port City’, seeking US $ 1 billion investm

The electricity sector regulator, the Public Utilities Commission of Sri Lanka (PUCSL), yesterday said a proposal put forward by the Ceylon Electricity Board (CEB) to interrupt power would not be allowed until February 4, 2022.

The PUCSL will hold another round of talks with private and public sector parties that have the estimated capacity of generating up to 300MW via the generators in their possession.

The Central Bank yesterday said the country’s non-bank financial institutions (NBFI) sector has seen “significant improvement” in terms of regulatory capital requirements, as a result of its Masterplan for Consolidation of Non-Bank Financial In

Sri Lanka’s consumer durables industry is expected to face fresh headwinds from weaker consumer sentiments, lower disposable incomes amid acceleration in inflation and the potential for further tightening of import controls amid the foreign currenc

The balance of payment (BOP) deficit continued to widen from its previous high, as the 11-month deficit in 2021 reached a record US $ 3,674 million, reflecting the continuous bleeding of foreign exchange in the country’s dealings with the rest of t

In recognition of Ceylon Tobacco Company PLC’s (CTC) industry leading strides in its people management philosophy, the company has secured the title of Top Employer for 2022.

CIPM Sri Lanka together with the Sri Lanka Standards Institution (SLSI) has initiated a collaboration to define much needed National standards in human resource management recently.

INSEE Cement held its annual Seniority Awards recently to appreciate employees who have contributed to and served the company for more than 20 years.

Pan Asia Bank recently announced two additions to its Board of Directors, welcoming Sandra Walgama and Chethiya Umagiliya as Directors to join its eminent panel of board members.

Over the years of excellence, iPay has positioned their brand name as the most vivid and the vibrant finance application available in Sri Lanka.

LCB Finance opened a new branch in Deiyandara recently. CEO / Executive Director K. G. Leelananda said that with the opening of their branch at Deiyandara they have established 7 branches in the Southern province and will reach 8 branches in the Sout

NDB’s 2020 Annual Report themed ‘Everyone. Everwhere’ was recognized with the Bronze Award across all sectors along with three other awards at the CMA Excellence (Institute of Certified Management Accountants of Sri Lanka) in Integrated Reporti

Nations Trust Bank has relaunched ‘Nations Business Banking’ with the aim of uplifting and empowering the country’s commercial business sector.

The insurance industry was able to achieve a growth of 6.19 percent in terms of overall Gross Written Premium (GWP), during the 3rd quarter of 2021, recording an increase of Rs. 9,366 million when compared to the same period in the year 2020.

The Central Bank yesterday said the country’s non-bank financial institutions (NBFI) sector has seen “significant improvement “ in terms of regulatory capital requirements as a result of its Masterplan for Consolidation of Non-Bank Financial In

Sri Lanka has managed to attract over 75,000 tourists up to 29 January.

The government is targeting US$ 15 billion from merchandise exports for this year as such earnings in 2021 reached an all-time high crossing the US$12 billion mark for the first time in a challenging year.

Expolanka Holdings PLC continued to push its limits as the logistics giant delivered another record high top and bottom line performance for the quarter ended December 31, 2021 (3Q22), on its core business which had been growing at a blistering pace

Trade Minister Bandula Gunawardane is seeking the President’s intervention to secure the cess revenue from international trade to fund export development programmes, which are critical to meet the country’s export targets.

The Ambassador of the EU Delegation in Sri Lanka, Denis Chaibi together with Chairperson of Sri Lanka Tourism, Kimarli Fernando, launched the initial stage of the island’s first ever long distance walking trail, with the unveiling of the signage at

The container throughput at the Port of Colombo hit an all-time high of 7.25 million TEUs recording growth of 5.84 percent in 2021 over the previous year, Sri Lanka Port Authority (SLPA) data showed.

JAT Holdings PLC delivered sturdy sales and profits for the three months ended December 31, 2021 (3Q22), as the company capitalised on the construction sector rebound and the soaring commodities prices, which enabled it to adjust prices.

Despite the prevalent elevated consumer prices, the Central Bank said it would maintain its mid-term inflation band between 4 to 6 percent levels, as officials expressed optimism that prices would decelerate as demand cools down and supply chain tro

Benchmark Innovation was in the spotlight at The Dragons of Asia Awards 2021 winning 2 Gold and Blue awards for their outstanding creative work. The Dragons of Asia is a marketing communication recognition program that recognizes and awards agencies

Redworks, the specialized corporate communications arm of Phoenix Ogilvy Group completed a successful year in 2021 by gaining momentumin performance despite the challenging business environment.

ADA Sri Lanka, the data and artificial intelligence company recently held the official product launch of TV Audience – a comprehensive TV viewership monitoring tool designed and developed by Dialog Enterprise.

Hatton National Bank (HNB) has partnered with Evoplay, Sri Lanka’s first, free-to-view, premium ad-supported digital entertainment platform for their digital advertising purposes.