Lion Brewery (Ceylon) PLC saw revenues recovering during the three months to March 2021 (4Q21) from a lower base last year, but virus resurgence and the subsequent restrictions on consumer activity have clouded the firm’s future outlook.

The World Economic Forum has cancelled its 2021 annual meeting scheduled for Singapore in three months time, the Swiss-based organisation said this week.

Singer Sri Lanka PLC reported soaring profits for the three months ended in March 2021 (4Q21) as consumers splurge on home appliances, electronics, smartphones and laptops as they went on a shopping binge in search of items to upgrade their kitchens,

The Sri Lanka Tourism Development Authority (SLTDA) together with the United Nations Development Programme (UNDP) launched an e-survey to gain inputs from industry stakeholders for the formulation of the National Tourism Policy.

It has revised the outlook of Asia Asset Finance PLC to BBB+[Stable] from BBB+(Negative) considering growth performance with capital, operational, financial and managerial support from its parent company Muthoot Finance Limited (MFL).

The Facebook Journalism Project and Reuters have partnered to launch an online training program, Reuters Digital Journalism Course. The program aims to support journalists in nine countries across the Asia Pacific, including Sri Lanka, to build a str

The Sri Lanka Tourism Development Authority (SLTDA) together with the United Nations Development Program (UNDP) launched an e-survey today to gain inputs from industry stakeholders for the formulation of the National Tourism Policy.

The World Economic Forum (WEF), an international organisation for Public-Private cooperation, has announced its decision to cancel the 2021 annual meeting that was scheduled to be held in Singapore, due to the escalation of the COVID-19 pandemic acro

The word ‘sustainability’ is often distorted without being used in ecological context to get its proper meaning. In simple terms, we have the responsibility to protect the right of future generations to live in a safe environment.

Despite the ongoing COVID-19 third wave in the country, First Capital Research (FCR) is largely ruling out a possible rate cut and expects the Central Bank (CB) to hold policy rates at the fourth monetary policy review announcement of the year schedu

Sri Lanka’s manufacturing and services activities slowed in April, in line with the seasonal pattern but the COVID-19 third wave lockdowns and other restrictions appear to be putting a serious damper on the expectations for the next three months co

Access Engineering PLC, the foremost civil engineering company in Sri Lanka, expanded its asphalt manufacturing plant operations by opening its seventh plant in Kollankuttigama in Ganewalpola, Kekirawa recently, in order to enhance its greater effici

Inflation fears, which are already making their presence felt in the consumer and supplier markets since of late could accelerate, perhaps even prompting the Monetary Board to take its foot off from the gas pedal ending the current stimulus.

Banks have begun to receive calls and e-mails from their clients, mostly from small business owners, expressing grievances and requesting relief amid the new wave of lockdowns, as consumer traffic has waned significantly.

Revenue growth at Ceylon Tobacco Company PLC (CTC) eased during the three months ended in March 2021 (1Q21), albeit recovering from the pandemic-struck December 2020 quarter but profits remained flat.

The Central Bank (CB) plans to assign supervisory ratings for all licensed banks from October 1 onwards, under the recently finalised rating model based on the Bank Sustainability Rating Indicator (BSRI), to facilitate a risk-based supervision framew

First Capital Research (FCR) recently said the current level of the massive amount of liquidity in the money market and the Central Bank’s continued support for government finances, by way of record level of Central Bank liquidity, would keep the b

The findings of a World Health Organisation (WHO) and International Labour Organisation (ILO) study revealed that the number of deaths due to long working hours has increased significantly in the recent years and it is imperative for governments and

The Embassy of China in Sri Lanka, Colombo, has urged Chinese entities engaged in joint ventures in Sri Lanka to ensure that all project sites and buildings comply with the trilingual rules of the island nation.

Profits at Bank of Ceylon (BoC) soared as the State lending giant saw a burst in loans in the three months ended in March (1Q21) as the economy was off to a robust start while the lender was also at the forefront in channelling billions of funds into

Sri Lankan government debt is leading gains in Asian dollar bonds this year as investors bet that the nation will avoid defaulting on its short-term notes, with the help of a Chinese funding facility.

While the banking sector emerged nearly unscathed from the pandemic, the less talked about insurance industry came off stronger in 2020 with almost every key performance metric in the sector doing better as the slump in claims in the general insuranc

Chevron Lubricants Lanka PLC reported stellar performance for the three months ended in March 2021 (1Q21) amid recovery in economic activities.

Chrissworld Limited will be listed on the Empower Board of the Colombo Stock Exchange (CSE) with effect from May 18 2021.

Sri Lanka Telecom PLC (SLT) delivered strong financial performance for the quarter ended in March (1Q21), sustaining the pandemic-fuelled demand for data and other telecommunication services from a year ago, as the company reported double-digit growt

The Central Bank bought US$ 62.81 million from the domestic foreign exchange market in April, as the monetary authority was making net absorptions in its quest to re-build reserves out of non-debt creating foreign currency flows.

The World Bank (WB) projects that the inward remittance flows to South Asia will slow slightly to 3.5 percent year-on-year (YoY) this year, after rising by around 5.2 percent YoY in 2020, defying the predictions.

Board of Investment (BOI) Chairman Sanjaya Mohottala yesterday stressed the need for continuing the manufacturing process as a national responsibility, despite the current COVID-19 pandemic situation in the country.

Hayleys Fabric PLC, the knit fabric maker of the Hayleys group, turned a profit for the three months ended in March 2021 (4Q21) but the performance was a moderation from the previous two quarters.