The Colombo Stock Exchange (CSE) has launched an investigation into the technical difficulties experienced by broker systems vendors in the first two days of implementing the delivery vs. payment (DVP) mechanism.

Softlogic Holdings PLC maintained its top line intact during the three months to June (1Q22) as its key business verticals such as retail, healthcare and financial services helped the group to overcome pandemic-induced challenges.

The consumer and healthcare sector tilt provided Hemas Holdings PLC the defence against virus related restrictions on swaths of the economy during the three months to June, eclipsing all its businesses to its pre-pandemic performance but the company

Although most central banks around the world are ending their virus era policy support measures and turning hawkish, Sri Lanka might not go along with them in lockstep as the pandemic continues to batter the country’s economic recovery, making a ca

Union Bank of Colombo PLC (UBC) could either divest its finance company subsidiary, UB Finance Company Limited (UBF) or infuse further capital to meet the minimum regulatory capital, which is coming due by the end of this year as attempts to find sui

Sri Lanka entered into an agreement today with China Development Bank for an Rs. 61 billion term facility

Today 17 August 2021 is a special day for Indonesian citizens all over the world for celebrating the 76th Anniversary of Indonesian Independence Day. On the same day in 1945, the first President of Indonesia Ir. Soekarno declared the proclamation of

The lingering virus could dampen the economic activities through the end of September, further delaying any hopes for a tangible recovery in the economy, which was continuously battered by half a decade of subdued growth before contracting last year.

Sri Lanka’s trade deficit with China continued to widen in the first half of the year, crossing the US $ 2 billion mark, representing half of the country’s deficit in the trade account in the period.

Billionaire businessman Dhammika Perera has entered the top 20 shareholder list of Sri Lanka’s top private sector bank, Commercial Bank of Ceylon PLC, for the first time becoming its 14th largest ordinary voting shareholder in the quarter ended on

Laugfs Gas PLC plunged into a near billion rupee loss in the three months to June (1Q22), the second such quarter in a row, as the company was continuously denied of a price hike to reflect the rise in global LP gas prices, forcing it to absorb losse

Access Engineering PLC, the country’s premier civil engineering company, has recorded an impressive after-tax profit of Rs.550 million at company level for the quarter ended on June 30, 2021 (1Q22), up 162 percent year-on-year (YoY), despite the ch

Pan Asia Banking Corporation PLC yesterday informed the Colombo Stock Exchange that the Central Bank has extended the suspension on its primary dealer licence has been further extended by six months, from August 15, 2021.

Lion Brewery (Ceylon) PLC managed to sustain its revenue in the three months to June (1Q22), despite recording “zero sales” for 30 days, due to a month-long lockdown. The largest brewer in the country generated sales of Rs.10.6 billion in the Apr

The industrial production in June edged up from the levels seen in May but it was nowhere near the highs it reached in March, prior to the virus resurgence prompted the authorities to reimpose restrictions on the economic activities from around mid-A

The manufacturing and services activities further expanded during the month of July, though the expectations for the next three months deteriorated significantly amid the rapid spread of COVID-19 throughout the country.

In appreciation of the professional and yeoman service the Board of Directors of 1990 Suwaseriya Ambulance Service has carried out for the past three years, President Gotabaya Rajapaksa has reappointed the same Board of Directors for another three ye

K.E. D Sumanasiri assumed duties as the General Manager of Bank of Ceylon yesterday. Sumanasiri assumed duties as the 22nd General Manager of the bank at its Head Office with the presence of Chairman Kanchana Ratwatte and few other key officials.

The management of Bandaranaike Memorial International Conference Hall (BMICH) set the record straight on a message that is circulating on social media that claims the entity has been eradicating stray dogs roaming in its premises.

ICCSL in partnership with DailyFT, Daily Mirror Business, CA Sri Lanka, GPW Sri Lanka, HRCornucopia, Job Enrich, PIBT, hSenid, LearnTV and CareerMe will host a webinar to discuss ‘The Role of Education, Skills and HR for Sri Lanka’s Success’ to

Persons with disabilities (PWDs) are an important group that needs to be considered when building an all-inclusive COVID-19 recovery plan.

Pursuant to the World Anti-Counterfeiting Day, which fell on June 8th, we are reminded of the severe impact and threat of counterfeit and pirated products on our lives and the economy.

Despite overwhelming evidence supporting vaping as a reduced harm product in the place of tobacco smoking, some governments in the world continue to maintain bans on e-cigarettes and related products, depriving consumers the opportunity to switch to

Fitch Ratings last week said it no longer factors in extraordinary support into the ratings of Bank of Ceylon (BOC) and People’s Bank despite their strong State linkages, because the sovereign’s ability to provide extraordinary support is severel

Sri Lanka’s gross official reserves weakened as expected in July after the government settled a billion dollar bond with coupons among other obligations on July 27.

Determined to have no default in debt repayment, the government shared it will turn to the underused assets under its ownership to generate the required finances to iron out what seems to be a never ending debt crisis.

Ceylon Tobacco Company PLC (CTC) saw its top line easing further in the three months to June (2Q21) from the preceding three months ended in March as cigarette volumes declined by 16 percent from the March quarter due to mobility and other restrictio

Hatton National Bank PLC (HNB) recorded robust performance for the quarter ended June 2021 (2Q21) amid strong core banking operations, while all the group companies contributed towards the consolidated performance.

The Securities and Exchange Commission of Sri Lanka (SEC) and Colombo Stock Exchange (CSE) will introduce a Delivery vs. Payment (DVP) system for stock market transactions from today.

Sampath Bank PLC saw its earnings for the quarter ended June 2021 (2Q21) surging, but the bank’s loan growth remained modest during the first half of the year.