The 2017 Esala festivals of the Kataragama Kiri Vehera and the Ruhunu Kataragama Maha Devalaya, two important places of worship in Sri Lanka were illuminated by Swadeshi Industrial Works PLC. The illumination is done under the theme ‘Swadeshi K

Activated carbon manufacturer Haycarb PLC said the supply shortages in the Indonesian operations and high coconut shell prices in Sri Lanka, India and Thailand are hurting its operations, and hence is looking at the possibility of passing on a fair s

The turnaround in the tea segment and the sustained profitability in the palm oil segment propelled Watawala Plantations PLC’s (WATA) profits during the April - June quarter (1Q18) when the plantations group was readying to segregate its tea bu

National Development Bank PLC Chief Financial Officer (CFO) Faizan Ozman has tendered his resignation following a controversial whistleblowing incident, Mirror Business reliably learns.

Access Engineering PLC (Access) is interested in exploring opportunities of setting up its own educational institute to impart vocational skills on to Sri Lankan youth and attract them to the labour-scarce construction industry.

Sri Lanka’s fiscal deficit for May 2017 fell 10.93 percent compared to 12 months ago to Rs.52.16 billion, with increased public investment overtaking higher income revenue, pushing the deficit for the first five months of the year down, oversha

REUTERS: The Sri Lankan rupee ended firmer yesterday, as dollar selling by banks surpassed mild importer demand for the greenback in dull trade after the long weekend, dealers said.

REUTERS:  Sri Lankan shares fell for an eighth straight session yesterday, posting their lowest close in nearly 3-1/2 months, with blue chips such as John Keells Holdings Plc leading the decline while selling by foreign investors also weighed on

Sri Lanka’s private sector credit has made a surprise recovery in June on the contrary to the widespread expectation that demand for private loans is easing in response to the back-to-back policy 

Chartered Accountant Lakshman Athukorala was recently appointed to the Independent Audit Advisory Committee of the United Nations Industrial Development Organization (UNIDO), in Vienna, Austria as recommended at the 45th session of the Industrial Dev

Women in Logistics and Transport (WiLAT), the Women’s Forum of The Chartered Institute of Logistics and Transport (CILT) Sri Lanka organized a field visit to the Finlay Cold Storage (Pvt) Ltd at Welisara recently. Members of WiLAT, undergraduat

Suboroto Bagchi, India’s best selling business author and acclaimed entrepreneur who co-founded Mindtree, a US$ 500 million global IT service company with over 15,000 employees, will be the keynote speaker at the India Day celebrations to be ho

Greentel Mobile introduces their Greentel X7 smart mobile phone which is undoubtedly a highlighted product that touches trendy choices of mobile fans. 

Evoke International is a 360-degree mobile service solutions provider, offering telecom operators a business enhancing ‘Value Added Service’ (VAS) that keeps them top of mind and current. 

Bairaha Farms PLC strengthened its director board recently with the appointment of two new directors.  They are M. I. Wahid, the current Group General Manager of Bairaha Farms PLC and Prof. Harischandra Abeygunawardena. 

Fortinet, the global leader in high-performance cyber-security solutions,announced it has been recognized as a leader in the 2017 Gartner Magic Quadrant for Enterprise Network Firewalls. 

We need to move beyond policy dialogue and economic summits, towards time-bound action plans and implementation. There clearly is a mutually respectful dialogue between the public and private sector today. The debates, arguments, criticisms, bouquets

The MoU is signed between Fitis and Slasscom to achieve collaborative efforts in developing the Information and communication (ICT), knowledge services and innovation sectors of Sri Lanka on recently. 

Damro Group, South Asia’s leading furniture retailer opened its largest showroom in Sri Lanka in Katubedda recently as it is on a major expansion drive throughout the country. 

The most luxurious global vacation brand, Club Med, has been gifting its clients the core emotion of happiness during their stay at its 80 exclusive properties around in some of the most beautiful natural settings in the world. 

The Sri Lanka Institute of Tourism and Hotel Management (SLITHM) may well be the only seat of higher educational learning in Sri Lanka with two significant milestones in its 50 year existence. 

Aitken Spence Travels was named as Sri Lanka’s leading destination management company at the 24th annual World Travel Awards held in the Maldives recently.

The employees in Sri Lankan firms may start to demand higher wages, after observing the higher price levels of goods and services stemming from weather-related supply-side disruptions, the Central Bank cautioned.

Sampath Bank PLC reported earnings of Rs.18.72 a share or Rs.3.49 billion profit for the quarter ended June 30, 2017 (2Q17), an increase of 39.1 percent from a year ago, mainly due to a jump in exchange and dividend incomes.

Tourist arrivals to Sri Lanka this July fell 1.8 percent to 205,482 tourists compared to July 2016, as the Chinese tourist boom, which pushed up the market growth during the last off-season, petered out, bringing to question whether even the revised

Logistics and warehouse supplier, Expolanka Holdings PLC, saw its profits for the June quarter being adversely affected by the pressure on yields in certain key trade lanes and the losses made by the group’s other investments. 

The financial sector regulatory bodies have started closer cooperation among themselves in recent months by establishing two regulatory processes to reduce the gaps in regulatory oversight, the Central Bank said recently.

Ceylon Grain Elevators PLC, a poultry group that operates a feed mill, has appealed to the government to allow it to directly import maize as the local prices remain elevated and the import restrictions have begun to hurt operations. 

A group of foreign tourists and some local tourists watch a session of snake charming at the Victoria Park, Nuwara Eliya. 

Advantis Bunkering was recently awarded the International Occupational Health and Safety Assessment Series certification or OHSAS 18001:2007 by Société Générale de Surveillance (SGS