Completing yet another social welfare project, David Pieris Group recently sponsored a set of Hoardings and Mini Hoardings displayed at Minneriya National Park featuring conservation messages for the 19th consecutive year.

DSI Tyres recently donated Rs. 4.8 million worth Philips multipara monitors to the Gampaha District General Hospital.

‘Clogard Natural Salt Tab Wasana’, an initiative by Clogard Natural Salt aimed at raising awareness on the power of natural salt in oral hygiene, coupled with the desire to facilitate online learning for children, allows participants a chance to

Moody’s Investors Service yesterday downgraded Government of Sri Lanka’s long-term foreign currency issuer and senior unsecured debt ratings to Caa2 from Caa1 under review for downgrade, concluding a review for downgrade initiated on July 19, 202

In response to the rating action by Moody’s, the government through the Central Bank, expressed its strong displeasure and called it “irrational” and “hasty”.

A writ petition filed by General Secretary of Democratic United National Front (DUNF) Ariyawansa Dissanayake seeking an order staying the Central Bank of Sri Lanka from paying a pension to the newly appointed Central Bank Governor Ajith Nivard Cabraa

Tighter liquidity in the overnight money market is likely to persist, prompting banks to compete for funds putting upward pressure on deposit rates which have shown initial signs of ticking up since the Central Bank raised key interest rates in Augus

Leading real-estate developer, Iconic Development, part of India’s Apurva Natvar Parikh group, has entered into a Sale and Purchase Agreement (SPA) to purchase 134.64 perch property in Obesekarapura, Rajagiriya owned by Alliance Finance Co. PLC fo

Shaw Wallace & Hedges Limited and Shaw Wallace Investments PLC, subsidiaries of Renuka Group yesterday acquired 63.54 percent stake of Carson Cumberbatch group’s specialised private equity company,

The Export Development Board (EDB) announced the revision of the export target for 2021 to US$ 15.72 billion from the US$ 15.68 set earlier this year.

Ceylon Cold Stores PLC (CCS) recorded a loss in the three months ended in September (2Q22) with revenues edging down as production costs remained stubbornly unchanged while other overheads climbed

Sri Lanka’s export sector has fulfilled 70 percent of its new revenue target for 2021 in the first three quarters of the year with September merchandise exports earnings reaching nearly US$ 1 billion.

CIPM Sri Lanka, the nation’s leader in human resource management, together with the World Federation of People Management Associations (WFPMA) and Asia Pacific Federation of Human Resource Management (APFHRM) announced that the world’s most premi

Leading Sri Lankan apparel manufacturer Brandix has embarked on a journey to strengthen the company’s gender equality policies and procedures with technical support from the United Nations Population Fund (UNFPA), to support and provide an inspirin

The ‘performance first’ work ethic embraced by First Capital Holdings PLC, a Janashakthi group company, received industry validation recently, as it was certified as a great workplace by the independent analysts at Great Place to Work (GPW) in Sr

Ceylinco Life has been certified a Great Workplace in Sri Lanka for the second consecutive year with a five-mark improvement over the overall rating accorded to the life insurance leader last year, following an independent analysis conducted by Great

CIMA, ICC Sri Lanka and the Daily FT recognised the winners of Sri Lanka’s Most Admired Companies Awards, at an event held at the BMICH on October 27 and Cargills was among Most Admired Companies of Sri Lanka 2021.

LOLC Life Assurance Limited and LOLC General Insurance Limited, two of the fast growing insurance companies in Sri Lanka, were recognised for its profound commitment to its staff at the recent Asia’s Best Employer Brand Awards 2021, organised by th

Global economic developments have impacted Sri Lanka’s external sector performance and the economy overall.

In Sri Lanka, small business is a very big deal. The numbers tell the story. The Census and Statistics Department, in its decennial Economic Census of 2013/14, found that over 99 percent of all business establishments are micro, small and medium ente

The energy industry globally operates with fluctuating prices that determine the final price of LPG across markets. Globally, the LPG prices have been shifting with the demand and currency discrepancies, causing costs to soar and markets to tumble, a

Mahindra & Mahindra Ltd. (M&M), together with Ideal Motors, a fully owned subsidiary of the Ideal Group, recently unveiled the new Bolero City Pik-Up in Sri Lanka in the presence of Industries Minister Wimal Weerawansa.

In its latest step to drive economic and social value creation, DFCC Bank, the pioneer in commercial banking, announced the launch of the ‘DFCC Auto Loan’ facility, an innovative vehicle loan scheme that enables greater affordability for consumer

The Export Development Board (EDB) has announced a revision to the export target for 2021 to US $ 15.72 billion from the US $ 15.68 set earlier this year.

Moody’s Investors Servicehas today downgraded the Government of Sri Lanka’s long-term foreign currency issuer and senior unsecured debt ratings to Caa2 from Caa1 under review for downgrade, concluding a review for downgrade initiated on July 19,

The Central Bank this week issued a fresh warning to the public to be on alert on financial scams.

It is vital to support Sri Lanka’s services and informal sectors, which form the largest share of the economy, to recover from the pandemic-induced hardships, as they remain the hardest-hit from the once-in-a-century health crisis, according to a W

Overseas Realty (Ceylon) PLC yesterday announced the appointment of Ajit Mahendra De Silva Jayaratne as the new Chairman of the company,

World-renowned property developer South City Projects Kolkota let out a sigh of relief yesterday with the construction of Sri Lanka’s tallest residential building Altair Colombo coming to a successful close and ready to be officially handed over to