Sri Lankan shares closed little changed yesterday, after logging two straight sessions of losses, as gains in consumer discretionary and staples offset a drop in energy stocks.

The strength of the condominium market, measured by way of the quarterly sales of apartment units, recovered in the three months to September 2021 from a pandemic-induced slump seen in the previous three months as well as from the same period in 2020

The total outstanding public debt has increased slightly under Rs.2.0 trillion during the first nine months, as the cash-strapped government had to borrow more since the country was hit with multiple waves of coronavirus since April this year, hobbli

Sri Lanka’s number one and most trusted real estate developer Prime Group recently celebrated the completion of yet another exceptional, nature-inspired luxury living experience, Lake Villas, an architectural masterpiece nestled along the coniferou

Twenty construction companies from Sri Lanka and Nepal connected via Zoom for an interactive B2B session, jointly organised by the Sri Lanka Embassy in Nepal and Export Development Board of Sri Lanka (EDB), recently.

In the hope of a bright and steady future, the Sri Lanka Institute of Architects launched Architect 2022, Architects’ Work and Trade Exhibition, at Galadari Hotel, recently.

SLT-Mobitel, the national ICT solutions provider, recognised for providing state-of-the-art digital solutions for modern living, announced the recent agreement with Orient Construction Company (Pvt.) Ltd, among the top-ranked contractors in the count

On December 17, 2021, Fitch downgraded Sri Lanka’s rating to ‘CC’, the lowest rating prior to default. With external reserves at around US $ 1.6 billion and almost US $ 1 billion in debt-service payments coming due in January 2022 (and US $ 7 b

Assetline Leasing Company Limited (ALCL) recently opened its 54th branch in Borella to further enhance customer accessibility and convenience.

Veteran banker Priyal Silva assumed duty at Bank of Ceylon (BOC) as DGM at the Corporate and Offshore Banking Division.

People’s Bank, the pioneer in Sri Lanka’s digital banking sphere, reached yet another milestone when launched its 200th People’s Wiz credit facility-enabled branch in Athurugiriya, on December 27, 2021.

Orient Insurance Limited Chief Executive Officer Tanuj Edward was appointed to the company’s board as an Executive Director, recently.

At the 2021 Next 100 Global Awards, LOLC Finance was named as the Finance Company for Credit Cards. The Next 100 Global Companies list recognises companies at the forefront whose strategies,

The global Foreign Direct Investment (FDI) position witnessed an expansion of US$ 2.2 trillion in 2020 when compared with 2019, an increase led by Europe and the Asia Pacific region.

The Central Bank this morning said Sri Lanka’s official foreign reserves have increased to around US $ 3.1 billion from US $ 1.6 billion by end-November, though without revealing the source of the funding.

SDB bank Chief Executive Officer (CEO) Thilak Piyadigama has obtained an enjoining order from District Court of Colombo preventing any attempts of him getting suspended or terminated from the bank.

The Securities and Excchange Commission (SEC) and the Colombo Stock Exchange (CSE) have formed a joint committee to set up a Central Counterparty (CPP), which is enabled under the the new SEC Act which came into force on September 19, 2021.

The way in which the Covid-19 pandemic has developed over the closing weeks of the year gives reason for concern and to once again put public health above everything else, United Nations World Tourism Organisation (UNWTO) said.

Sri Lankan shares ended lower for a second straight session yesterday, dragged down by financial and healthcare stocks.

The Treasury has been requested by a committee set up to look into State Owned Enterprises (SOEs), including key utilities such as power, energy and water, to suspend State assistance, potentially opening the path to end the reliance on tax payer fun

Bangladesh Bank (BB) has extended the validity of the credit facility it extended to Sri Lanka by three months after the expiry of the first three-month tenure of the credit facility.

The shares of Myland Developments Limited commenced trading on the Colombo Stock Exchange (CSE) yesterday.

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) continued to play a catalyst role in not only developing the professionals’ standards across the country, but by also spearheading a range of new initiatives aimed at supporting Sma

The Secretary General of Joint Apparel Association Forum (JAAF) Tuli Cooray has urged all members to ensure their employee’s Covid-19 vaccination is saved in ‘digital format’ and present them as ‘proof of vaccination’ whenever required.

Evergreen Group situated in Horangalla, Thalgaswela in Galle district produced and sold the highest quantity of tea for a group in Sri Lanka in the year 2021 selling 12,426,411 kg.

“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring

The way in which the COVID-19 pandemic has developed over the closing weeks of the year gives reason for concern and to once again put public health above everything else, United Nations World Tourism Organisation (UNWTO) said.

The Securities and Excchange Commission (SEC) and the Colombo Stock Exchange (CSE) have formed a joint committee to set up a Central Counterpart (CPP), which is enabled under the the new SEC Act which came into force on September 19, 2021.

Amethyst Resort Passikudah, part of the premier hospitality company Aitken Spence Hotels, has opened its doors to welcome furry friends as a pet-friendly hotel from December 13, 2021.

Leading hospitality brand Heritance Hotels and Resorts, part the premier hospitality company Aitken Spence Hotels, topped LMD’s list of Customer Excellence Survey in the category of Nationwide Hotels 2021, further reiterating its commitment to exce