The Colombo Stock Exchange (CSE) took a breather yesterday with profit-taking by investors, which resulted in the benchmark index to end in red.

Fitch has revised the national long-term rating of Abans Finance PLC (AFP), a member of the Abans group, from ‘BB+(lka)’ to ‘A(lka)’, following the revision of the national long-term rating of the parent company, Abans PLC, from ‘BBB+(lka)

Having first launched on March 20, 2020, ‘Hatch Open House’, a three-month mentorship programme that connects mentors with start-up founders to provide guidance and insight to grow their start-up, successfully concluded five cohorts, despite the

Pelwatte Dairy Industries expresses its delight on the promise of the President to allocate special lands for the dairy farmers, following several issues pertaining to the lack of land for cattle grazing in the districts of Ampara and Anuradhapura.

The Trade Development Authority of Pakistan (TDAP), under the auspices of the Commerce Ministry, will launch the first-ever virtual textile-specific trade exhibition of Pakistan from February 1-5, 2021, in light of the precautionary measures undertak

Policy-makers in the European Union (EU) choose austerity and balanced budgets over lifting tens of millions of Europeans out of poverty, a UN report said yesterday.

For the Entrepreneurship and Innovation Forum of Sri Lanka Association for Software Services Companies (SLASSCOM), uplifting innovators and entrepreneurs, a prospective set of change makers, is considered a key objective in the pursuit of achieving t

The Ceylon Chamber of Commerce’s (CCC) annual discourse on the year’s outlook will be held virtually on February 3, 2021, organised by the Chamber Academy.

Rotherham London College of Education located in Ja Ela, founded by Nethni Dhanapala and Randiya Fernando is an English Language College preparing students for Cambridge Assessment English Qualifications from the University of Cambridge through the B

In keeping with its free-spirited brand personality and its pursuit of excellence by endorsing the sport of cricket, Moose Clothing Company had signed on as Title Sponsor for the Sri Lanka Vs England 2021 World Test Championship which ended successfu

Farmers, hoteliers and homestay owners, fishers, producers of the famous Kanthale milk curd, Ayurveda healers, fruit growers, developers, safari jeep drivers, local dwellers—all derive their livelihoods from shared natural resources offered by the

In just three months since we released our last forecast in October, recorded COVID-19 deaths have doubled to over two million, as new waves have lifted infections past previous peaks in many countries. In these same three months, multiple vaccines h

From a foot-operated handwashing machine invented by a nine-year old boy in Kenya, to a new “sky park” opened in Bangkok on an disused railway line that could serve as a model for greening abandoned spaces, to the roll-out of robots in health cen

Sri Lanka’s tea industry ended the year 2020 on a dampened note as both production and exports witnessed a contraction compared to the previous year with the global pandemic leaving negative implications on the sector.

Sri Lankan rupee should be trading at Rs.185 to a US dollar at present according to the prevailing macro-economic fundamentals in the country, and the recent measures to freeze forward rate agreements by the Central Bank has enabled the currency to g

Interestingly, the Independent Advisor has recommended the shareholders On’ally Holdings PLC to accept the mandatory offer price of Rs.30.32 per share offered by its new controlling shareholder, Lanka Realty Investments PLC, which is below the curr

CIC Holdings PLC recorded robust results for the three months to December 2020 (3Q21) continuing the momentum from the previous two quarters in a sign that the company’ strategic redesigning exercise fits well with the country’s policy direction

The National Chamber of Commerce of Sri Lanka (NCCSL) this week called for greater focus on SMEs and MSMEs, as a boost in the sector is essential for the national economy to overcome challenges exacerbated by COVID-19.While a number of challenges pre

Amid increased use of advanced technologies in their day-to-day management and oversight functions, the Central Bank is now mulling to make use of Artificial Intelligence (AI) and Machine Learning to assist their regulatory supervisory functions of l

Sri Lanka’s spices and allied products sector is bracing itself to face a contraction in production across all spices by the end of this year due to reduced access to artificial fertilizers and pesticides, however the industry urges stakeholders to

The Colombo Stock Exchange (CSE) yesterday saw a changing of the guard with the diversified LOLC Holdings dethroning the long-time top dog John Keells Holdings PLC (JKH) as the most valuable listed entity on the CSE.

The isolation measures that kicked in since October, due to the second wave of COVID-19 and significantly lower revenues coming from its leisure operations, hindered the robust recovery momentum seen at John Keells Holdings PLC (JKH), as the group re

Technology investor Chamath Palihapitiya, the early Facebook Inc. executive and minority owner of the Golden State Warriors basketball team, threw his hat in the ring on Tuesday to replace Gavin Newsom as Governor of California.

Former Amaya Resorts and Spas Managing Director and Hayleys Head of Leisure Sector Lalin Samarawickrama, who relinquished his executive duties in March 2019, dispersed of his shareholding of 10 percent in the company, after almost two decades with th

The government settled more foreign loans in 2020 in comparison to what it borrowed from foreign sources, indicating its tilt towards domestic borrowing, as the interest rates remain at record low levels.

Leading poultry firm Bairaha Farms PLC emerged stronger during the three months ended December 2020 (3Q21), as it successfully navigated the market disruptions caused by the pandemic and the supply challenges caused by the shortfall in maize, a key i

The Cabinet of Ministers approved a proposal to conduct a complete feasibility study to select a suitable location to build the country’s first Pumped Storage Hydropower Plant that has been identified under the Long-Term Power Generation Plan 2018-

Diversified LOLC Holdings PLC today dethroned the long time top dog John Keells Holdings PLC (JKH) becoming the most valuable listed entity on the Colombo Stock Exchange (CSE) in terms of market capitalization.

After securing the Cabinet nod to increase the daily minimum wage of plantation workers up to Rs.1000 under the provisions of the Wages Board Ordinance, Labour Minister Nimal Siripala de Silva has issued one-week ultimatum to Regional Plantation Comp

In the backdrop of increased stock market activities, the Securities and Exchange Commission (SEC) yesterday cautioned investors and the general public not to rely on unsolicited stock tips/advice circulated through bulk SMS, websites and social medi