Diversified conglomerate Hayleys PLC, continuing with its buying spree, yesterday struck a mega deal to acquire a 71 percent stake in leading consumer durables retailer Singer (Sri Lanka) PLC (SSL) in a whopping Rs.12.5 billion deal.

Third Space Global, a UK owned BOI approved company, opened its new regional headquarters at Orion City, Colombo 9 on 13 September 2017. The company has grown to over 200 staff since

Cartier hosted an extraordinary evening in collaboration with the Maison’s partner, Chatham Luxury. An exclusive watches selection were presented for the first time in Sri Lanka to showcase stunning 

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, on Tuesday showed clear intentions of becoming a major player in the country’s finance space with the acquisition of a listed finance company, as the dividing line between tech

The cabinet of ministers has decided to purchase 300,000 metric tonnes (MT) of pressurized liquid petroleum gas (LPG) for the state-run Litro Gas from Shell International Eastern Trading Company. Shell International was also the winner of the previou

The interest on savings made by Sri Lankans have been made liable for a higher withholding tax by the new Inland Revenue Act, which was passed in parliament last week, a business forum in Colombo was told yesterday.

The diversified business group, Fairway Holdings, yesterday said it would be purchasing 75 percent of Ascot Leisure (Pvt.) Ltd for a total of Rs.70 million.

The Google Loon dream of the current government is still alive, with Telecommunication and Digital Infrastructure Minister Harin Fernando set to make a renewed effort at negotiations with the International Telecommunication Union (ITU) for the rights

The government has decided to carry out a research project to examine the possibility of adding value to the graphite mined in Sri Lanka by way of using such in rechargeable batteries. 

Sri Lanka’s rise as a global tourism destination was recognized at the 22nd Annual General Assembly of the United Nations World Tourism Organization that is  currently underway.

Australia-based Margosa Graphite Ltd (Margosa), together with Lanka Resources and Mining (Pvt.) Ltd (LRM) announced that it would commence an extensive high-resolution helicopter-borne time-domain electromagnetic survey (HTDEM) to accelerate its expl

Showcraft International (Pvt.) Ltd in collaboration with Futurex Trade Fair and Events (Pvt.) Ltd, leaders in organizing trade fairs, promotions, organized the sixth Sri Lanka Buildcon International Expo and fifth Sri Lanka Wood International Expo 20

Almost a month to the day it operated the first ever commercial A380 flight to Sri Lanka, Emirates is offering travellers from Colombo a chance to celebrate the forthcoming delivery of its 100th A380 with special fares to destinations across the airl

The Institute of Certified Management Accountants of Sri Lanka (CMA) will conduct a seminar on the new Inland Revenue Act on Wednesday, September 20, 2017, from 8:30 a.m. to 12:30 p.m., at Cinnamon Lakeside, Kings Court.

With the tourism boom in the recent post-war period of Sri Lanka, there has been a considerable growth in the small and medium enterprise (SME) segment of accommodation providers. This growth has been possible primarily due the strong presence of onl

Reiterating its commitment in adding value to the citizens of Sri Lanka, Seylan Bank introduced the ‘Seylan Income Saver’, a novel proposition devised for corporates and employees to offer a wide array of benefits for savings account hold

AVIC International Holding Corporation, a subsidiary of the Aviation Industry Corporation of China (AVIC) and a Global 500 company, was proudly acknowledged as part of an influential initiative, Investor Forum 2017 which took place on 30th August, at

With the ‘Great Singapore Airlines Getaway’, there is no better time than now to experience more of the world with Singapore Airlines and SilkAir.  

Sri Lanka’s own Elephant House has unveiled its most exotic beverage to date, Lemoki; the perfect combo of Lemon and Kiwi flavours. This is the first time that a beverage with Kiwi and Lemon has been introduced locally.

The International Day for the Preservation of the Ozone Layer falls on Saturday, September 16 and Sadaharitha Plantations, as the leader in the business of commercial forestry will commemorate the occasion by inviting the nation to join hands with th

The Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL), Commercial Bank and Channel 17 (CH17) have launched a special Mastercard branded hybrid debit card exclusively for entrepreneurs in the Small and Medium Enterprise (SME) secto

Insee Cement recently signed a Memorandum of Understanding (MoU) with the National Institute of Occupational Safety and Health (NIOSH) to partner with the institute and initiate a robust mechanism to provide academic and practical training for youth

Commercial Leasing and Finance PLC (CLC) ensures its commitment towards its customers by continuously delivering their finest services more comprehensively through every step forward. Validating their brand promises, CLC Embilipitiya branch was reloc

Institute of National Security Studies Director General Asanga Abeyagoonasekera was invited by the Cambridge University, Jesus College, for the 35th International Symposium on Economic Crime, held from September 3 to 10, 2017.

Demonstrating its commitment to the nation’s engineering and construction field, UltraTech Cement (Pvt.) Ltd, sponsored the Society of Structural Engineers’ Sri Lanka Annual Session 2017 at the Cinnamon Grand Hotel Colombo recently. 

The ‘Invest Sri Lanka Investor Forum’ organized by the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) in association with CSE member firms and leading listed companies will be held on16th Octobe

Championing an ambitious re-development and remodelling programme aimed at optimising healthcare delivery, Durdans Hospital opened its new purpose-built car park building to the public, which will be accessible via Alfred Place, adjoining  R. A.

Cargills Bank Limited announced the divesture of 80.34 percent stake controlling interest in Colombo Trust Finance PLC (CTF) to Dialog Axiata PLC. 

Samsung Electronics revolutionized the Smart TV industry in the world with their liquid crystal display (LCD) TVs,eleven years before iPhone was introduced.

Sri Lanka Chapter is set to present ‘Good vs. Gold’, an inspiring session featuring the globally acclaimed Group Creative Director of Leo Burnett Toronto, Anthony Chelvanathan.