Sri Lankan shares closed lower yesterday, weighed down by losses in industrial and financial stocks, after an increase in interest rates by the country’s central bank to control inflation failed to lift investor sentiment. The CSE All-Share index e

Iraq topped the list as the largest importer for Ceylon Tea in 2021, pushing Turkey down to second position.

The year 2021 brewed a strong Ceylon Tea cuppa by showing improvements in production, exports, and revenue despite repeated challenges faced by the industry.

Chevron Lubricants Lanka PLC, Sri Lanka’s lubricant market leader, delivered a strong performance in the third quarter last year by substantially regaining its market share from its closest competitors.

Jan Paul Bethke, a leading German importer of Sri Lankan fruits and tea, urged Sri Lankan agri-product exporters to practise effective and superior packaging, if they are to be successful in terms of capturing markets in Europe.

The Council of Palm Oil Producing Countries (CPOPC) recently held a webinar to highlight the importance of promoting good agricultural practices of smallholder farmers in the Asia Pacific, Central Latin America and Africa.

With the view of adhering to globally recognised sustainability practices, New Anthoney’s Farms (Private) Ltd, one of the leading names in the poultry sector, was awarded the prestigious Greenhouse Gas Verification Statement from Netherlands-based

The 12th Annual General Meeting (AGM) of the Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) was held recently.

Sri Lanka’s leading private sector bank HNB PLC partnered with local automotive giant Indra Traders to provide the customers with exclusive leasing solutions for unregistered and pre-owned vehicles and freezers.

Voll Lanka (Pvt.) Ltd, the newest member of one of the leading businesses in the field of transport and supply in the island, Navil Group of Companies, is now open at No. 329/1C, New Kandy Road,

Fairfirst Insurance delivers another Sri Lankan first by fuelling its innovative Click2Claim platform with artificial intelligence (AI)-powered claim settlements.

KIA Motors, the sole distributers of KIA in Sri Lanka, recently launched the all-new KIA Sri Lanka mobile app in partnership with Evoke International.

The first batch of trainees at the Ceylon German Technical Training Institute (CGTTI), Borella, sponsored by David Pieris Motor Company (Pvt.) Ltd (DPMC), passed out recently while the second batch was recruited simultaneously.

CEAT Kelani Holdings has moved into the new year with the added impetus of its appointment as an original equipment manufacturer (OEM) for a range of heavy-duty trucks, tippers and light commercial vehicles assembled in Sri Lanka by Lanka Ashok Leyla

DIMO, one of the leading conglomerates in Sri Lanka, is providing the customers who are planning to buy pre-owned luxury vehicles, with speedy, hassle-free, trusted service, through its pre-owned vehicle sales arm ‘DIMO Certified’.

All registered tourist establishments will soon be required to accept foreign exchange from non-residents of Sri Lanka.

The Central Bank of Sri Lanka (CBSL) announced today that it will take further policy measures to strengthen macroeconomic stability and pave the way for a gradual recovery in the economy.

The government is projecting a 20-25 percent loss in the country’s agricultural output, as a direct result of its ill-thought-out, ambitious organic agriculture drive.

Despite a growing chorus for a restructuring of Sri Lanka’s outstanding debt, such a move could entail further rating downgrades, as it implies that investors would receive less value than what they were promised when the bonds were issued original

A unit of Access Engineering Group, Access Logistics Park Ekala (Pvt.) Limited, has won a bid to develop a 36-acre logistics and business park mixed development project in Ekala, Ja-Ela, from the Urban Development Authority (UDA).

The Cabinet has cleared a draft bill to amend Intellectual Property Act No. 36 of 2003, which would allow the National Intellectual Property Office (NIPO) to register geographical indications (GI) on products that have specific geographical origins t

Macksons Bathware (Pvt.) Ltd, a unit of Macksons Holdings, has secured a 20-acre land plot in the Raigama Green Industrial Zone on long-term lease to set up a sanitaryware plant, with an investment of Rs.6 billion.

Sri Lanka will build four more flyovers in the Muththettugala railway crossroad and Hiripitiya junction, Pasyala junction, Negombo Maristella junction and Thalawathugoda junction, to reduce traffic congestion, with financing from Hungary.

The year 2022 has started off with a bang for the Maldives tourism sector, as over 24,000 tourists visited the country within the first few days of January.

Ceylon Petroleum Corporation (CPC) has agreed to provide 10,000 MT of diesel to the Ceylon Electricity Board (CEB), which would be sufficient for the generation of electricity for eight days, potentially averting the power cuts that were supposed to

Microsoft’s US $ 69 billion deal to buy video game powerhouse Activision Blizzard is expected to win out with regulators despite vows in Europe and the United States to rein in tech titans.

Sri Lankan shares inched higher yesterday as communication services and real estate companies rose, although weakness in the energy sector limited gains.

State Minister of Aviation and Export Zones Development, D.V. Chanaka said international flights would commence from Ratmalana airport from the 29th of this month.

H2O One announced that Deepthi Upul Sumanasekera, the former National Water Supply & Drainage Board (NWSDB) General Manager has joined the board of Directors of H2O One Private Limited.

Central Depositary Systems (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), has strengthened its client base for the provision of registrar services with the addition of Chrissworld PLC.