Ceylinco Insurance PLC together with the Coconut Growers Association of Sri Lanka and Coconut Cultivation Board (CCB) has launched a novel insurance scheme to cover coconut plantations.

Accelerating post-COVID-19 economic recovery, Sarvodaya Development Finance (SDF) renewed its MoU with DIMO, covering a wide range of agriculture machinery products through its comprehensive leasing solutions, to support local farming communities.

Australian Prime Minister Scott Morrison vowed yesterday to press ahead with laws to force Facebook Inc. to pay news outlets for content, saying he had received support from world leaders after the social media giant blacked out all media.

Facebook Inc’s WhatsApp said on Thursday it will go ahead with its controversial privacy policy update but will allow users to read it at “their own pace” and will also display a banner providing additional information.

CNBC: JPMorgan says crude prices could see further upside ahead as oil continues to see strong gains so far this year.

Dipped Products PLC has seen higher sales for its rubber gloves, due to COVID-19-related healthcare requirements.

The government yesterday stressed it is less inclined to accept foreign assistance in capacity building for economic development as it has confidence in the capabilities of local experts in tackling challenges and charting the way forward for the cou

Growth at National Development Bank PLC (NDB) moderated during the quarter ended December 31, 2020 (4Q20) as new set of lockdowns from October decelerated the pace of loan growth, though the bank navigated the pandemic induced challenges successfully

LOLC Holdings PLC successfully raised Rs.10 billion via a listed debenture issue, of which the subscription list officially opened yesterday.

DFCC Bank PLC weathered the pandemic induced stresses successfully to emerge largely unscathed and reported higher earnings through prudent measures adopted to navigate the headwinds during the quarter ended December 31, 2020 (4Q20).

Despite higher sales, Nestlé Lanka PLC, the local unit of Swiss food giant, reported lower earnings for the December 2020 (4Q20) quarter, amid margin contraction and higher effective tax rate.

The local real estate sector is showing signs of recovery from the setback witnessed in 2020 due to the COVID-19 pandemic, with improved in​terest ​in residential properties observed among potential investors, revealed LankaPropertyWeb.

Meanwhile, the commercial capital Colombo has emerged as the most searched city for rent in 2020, indicating high interest among locals despite strict restrictions imposed due to the COVID-19 pandemic.

In a statement issued after meeting with President Gotabaya Rajapaksa, The Hotels’ Association of Sri Lanka (THASL) President Sanath Ukwatte thanked the government for taking all steps necessary to encourage foreign visitors to the country.

Fitch Ratings views most rated Sri Lankan corporates as less vulnerable than local financial institutions to the sovereign’s financial distress. “This is because most rated corporates have a combination of strong business profiles, low leverage,

Softlogic Holdings PLC’s top line reached near pre-pandemic levels in the three months ended on December 31, 2020 (3Q21), as the group successfully navigated the pandemic through strategies aimed at capitalising on the cash heavy local consumer, wh

Prime Minister Mahinda Rajapaksa officially launched Sri Lanka’s first waste-to-energy power plant in Kerawalapitiya, yesterday.

Sri Lanka’s largest private-sector renewable energy producer with diverse energy mix, Windforce (Pvt.) Ltd plans to raise up to Rs.3.2 billion by offering a 15 percent stake in the company through an initial public offering (IPO) on the Colombo Sto

The pandemic-induced intermittent lockdowns put a damper on the financial performance of Sri Lanka’s monopoly cigarette operator Ceylon Tobacco Company PLC (CTC), with the October-December 2020 quarter (4Q20) recording lower cigarette sales.

The pandemic-induced intermittent lockdowns put a damper on the financial performance of Sri Lanka’s monopoly cigarette operator Ceylon Tobacco Company PLC (CTC), with the October-December 2020 quarter (4Q20) recording lower cigarette sales.

Failure to get global shipping industry players onboard as joint venture (JV) partners in operations and development of the Colombo Port could potentially threaten its status as a top transshipment hub in the region, as Chinese-managed Hambantota Por

Reputed business leader Suresh Kumar Shah has been appointed Chairman of Ceylon Tobacco Company PLC (CTC) with effect from 16 February 2021.

The Cabinet of Ministers this week granted approval to extend waivers on landing and aircraft parking charges at Mattala Rajapaksa International Airport (MRIA) and Bandaranaike International Airport (BIA) to attract international airlines in a bid to

Premier blue chip John Keells Holdings has regained the mantle as the most valuable company on the Colombo Stock Exchange (CSE) after losing it briefly to diversified LOLC Holdings PLC, which enjoyed a stunning rally in January.

Sampath Bank emerged largely unscathed from the pandemic-induced challenges in the three months ended December 31, 2020 (4Q20), although the lender reported lower top and bottom lines due to slower growth in loans, payment holidays on loans and narro

Oil prices hovered near 13-month highs yesterday on the back of a cold snap shutting wells in Texas, the biggest crude producing state in the United States, while a wage deal in Norway averted outages in Europe, capping gains.

Cabinet nod has been received to introduce an online pre-paid transit card for Sri Lanka’s public transport service and to implement an electronic system for charging fees, based on a proposal of Lanka Clear (Pvt.) Ltd under the National Card Schem

The government has decided to select private sector investors through a competitive bidding process to implement a 100 kW solar power generation programme within next 18 months.

Reputed business leader, Suresh Kumar Shah, has been appointed Chairman of Ceylon Tobacco Company PLC (CTC) with effect from 16 February 2021.