Despite the pandemic woes, China Merchants Port (CMPort) Holdings Company Limited-managed Colombo International Container Terminal (CICT) of the Colombo Port and multi-purpose Hambantota Port continued to remain in the growth path last year.

Hemas Holdings PLC reported robust revenues and profits for the three months to March 2021 (4Q21), as the company’s performance mirrored a fast rebounding economy aided by a surging consumer spending spell.

A state-of-the-art petroleum testing laboratory will be made available at the Hambantota International Port (HIP), a facility that will be established in partnership with Intertek Lanka (Pvt) Ltd.

In the face of the third wave of the pandemic, at the call of China Embassy and China Chamber of Commerce in Sri Lanka, China National Aero-Technology International Engineering Corporation(AVIC-ENG) offered a temporary tent facilities with the size o

The Hotels Association of Sri Lanka (THASL) is deeply concerned by the exponential increase in COVID-19 cases and deaths across the island. We wish to express our fullest support to the government, medical professionals, tri-forces and civil servants

Sri Lanka’s tourism sector had to grapple with a series of challenges in the past. Despite the difficulties, the industry has been successful in coming out stronger with every impact.

Engulfed with years of poor planning, execution coupled with inefficient operations, Sri Lanka’s public sector health insurance scheme, Agrahara, partly funded by the Treasury, has been failing to achieve its key objectives while increasingly relyi

John Keells Holdings PLC reported robust revenues and profits for the three months ended March 31, 2021 (4Q21) barring the leisure sector on a resurgent economy, as its multiple business segments reached pre-pandemic levels, while its frozen confecti

JAT Holdings, Sri Lanka’s market leader in the wood coatings sphere is gearing to raise up to Rs.2.2 billion offering 16.24 percent stake in the company through an initial public offering (IPO) on the Colombo Stock Exchange (CSE).

During a turbulent financial year that was affected by the unprecedented COVID-19 pandemic, Aitken Spence Group’s non-tourism sectors delivered the highest ever profit before tax (PBT) of Rs. 5.01 billion for the twelve months ending 31stMarch 2021

Sri Lanka’s largest private lender by assets, Commercial Bank of (Ceylon) PLC, is gearing to raise up to Rs.10 billion via a Basel III compliant listed debenture issue.

The Bangladesh Bank (BB) board this week approved in principle a draft US$200 million currency swap deal with Sri Lanka, which is struggling to maintain a moderate foreign exchange reserve.

Sri Lanka’s pandemic-hit hospitality sector is on the verge of collapse with revenue flows drying up due to the absence of tourists, The Hotels Association of Sri Lanka (THSASL) said yesterday while renewing its call for further government assistan

CIC Holdings PLC delivered strong financial performance for the three months to March 2021 (4Q21) as its multiple interests in agriculture and dairy, livestock feed, industrial, pharmaceutical, and seeds & fertilizer were best served by the condition

The Central Bank of Sri Lanka (CBSL) announced that the Employee’s Provident Fund (EPF) Department has made arrangements to provide services remotely and regionally due to the imposed travel restrictions in the country.

The Central Bank is engaged with banks and finance companies to see if some form of relief could be afforded to borrowers troubled by the ongoing restrictions on businesses and livelihood imposed by the authorities to stem to virus spread.

Prices of samba rice have risen by over 40 percent and price of coconut oil have risen by a little under 50 percent in the twelve months to May 2021 despite record paddy harvest for two years in a row, while the government banned import of palm oil.

People’s Bank filed action against ‘People’s Capital Investments & Credit (Pvt) Ltd’ at the Commercial High Courts Colombo and obtained an enjoining order on 21.05.2021 restraining the latter from using the trade name “People’s” in thei

The Ceylon Electricity Board (CEB) cut losses during the three months ended in March 2021 as the State-run utility generated higher revenues from sale of electricity, while generation costs slipped.

Share broking revenue accounted for the most of the profits generated by John Keells PLC, the commodities and stock broking arm of John Keells group, as the company rode on the domestic investor-fuelled run on stocks during the quarter ended March 31

Sri Lanka’s national prices rose in April as prices of food items from rice to coconut oil to chicken to fish rose faster than the prices of non-food items, the Department of Census and Statistics said.

Central Bank will ease the regulatory environment for corporate sector to raise foreign funds, as the monetary authority is exploring options to woo foreign exchange as the country enters into a stretched period of troubles in its external front due

The sole local representative for AstraZeneca and Pfizer in Sri Lanka, Hemas Pharmaceutical (Pvt.) Ltd said it welcomes the request by the Ministry of Health (MoH) to the private sector to assist and facilitate vaccine purchase from any source.

The Central Bank yesterday said arrangements have been made to provide the services of the Employees’ Provident Fund Departments remotely, due to the travel restrictions in the country.

The Colombo Stock Exchange (CSE) yesterday said trading would function as per regular trading hours, despite the mobility restrictions coming into place from tonight.

Sri Lanka Investment Forum (SLIF) 2021, the first and largest virtual investor forum in the region, is set to draw participation from portfolio and direct investors from across the globe.

WindForce Limited, Sri Lanka’s largest private sector renewable energy producer, yesterday announced the acquisition of a 92.5 percent stake of Fairway Waste Management (Pvt.) Ltd.

Considering the current pandemic situation in the country, Board of Investment (BOI) Chairman Sanjaya Mohottala is requesting all factory administrations to ensure maximum safety of their staff, in compliance with the health guidelines, during factor

Sanasa Development Bank PLC (SDB bank) eyes to raise up to Rs.4.53 billion from the proposed issuance of 88 million new ordinary voting shares to the public via a secondary public offering (SPO), after arriving at a price of Rs.51.50 per a share.

The remittance income in April jumped 38.3 percent from a low base a year ago, as such income plunged to its worst in April last year when the pandemic made a large part of the world economy to go into lockdowns, disrupting financial and trade flows.