Business magnate Dhammika Perera’s tile monopoly, Royal Ceramics PLC (RCL), is considering investing in production facilities overseas due to the difficulties in sourcing raw materials locally.

REUTERS: Sri Lankan shares yesterday ended at their lowest in near two weeks due to profit-booking in banking shares, but foreign inflows helped curb losses.

Calculating how much capital banks should have is often a bone of contention between regulators and banks. While there has been considerable progress on reaching consensus on an international standard, one key issue remains unresolved. This is a prop

A surprisingly weak run of US inflation data has investors backing off bets the Federal Reserve will meet its three targeted interest rate hikes this year and has breathed fresh life into the bond market after a rough start to the year.

Staff of Singapore Airlines and its GSA Aitken Spence Aviation Pvt Ltd, officially handed over several emergency relief items to the team from Aitken Spence Garments based in Koggala and Mathugama to be distributed among the victims of the recent flo

Leading property portal Lamudi Lanka (Pvt) Ltd., will host its third Real Estate Expo this weekend.  The event is set to provide direct access to the real estate world with a range of presenters and exhibitors showcasing Sri Lanka’s best p

Crown Paints reigned supreme at the recently concluded Construction Expo 2017 at the BMICH. The JAT Holdings stall which literally held centre stage at the exhibition was designed as Buckingham Palace symbolising the fact that it is the only paint in

Fine Furniture Sri Lanka, a retail store, unveiled its newly expanded showroom space of 15000 square feet spread across three floors located at Nawala Road, Rajagiriya recently.

Skyline Kotte has reached its final phase of construction and is to be unveiled by December, 2017.  Located at No. 633, Bangala Junction, Kotte, the 30-unit luxury apartment complex provides 5-star living at an affordable price.  Complete w

Princess Cruises’ most luxurious ship, The Majestic Princess, called at the Colombo port yesterday on her 49-day maiden voyage from Rome, Italy to Shanghai, China.

Ranaya Tea Factory achieved an all-time record price of Rs.695 for a BM grade in the Off Grade category on its very first appearance at the weekly tea auctions held on June 6, 2017.

As part of the Government of India’s commitment to construct 50,000 homes in Sri Lanka, the High Commission of India has launched a project to construct 4,000 homes for plantation workers in the Central and Uva Provinces. 

While there are so many waiting to find fault with the present government, we should also be thankful to our president for taking a very bold and timely decision to stop the importation of vehicles for all government institutions this year, consideri

DFCC Bank and Synapsys along with their partner Oracle recently launched the Oracle Planning and Budgeting Cloud Service together with a Customer Profitability Analytics (CPA) system, which is built on Oracle’s leading platform. 

The Export Development Board (EDB) organised Sri Lanka’s participation at the ‘SIAL Canada 2017’ recently in Toronto, Canada, in collaboration with the Sri Lanka Consulate in Toronto and Trade Facilitation Office (TFO) Canada.

Six Commercial Bank customers who used the bank’s online banking service over three months have been rewarded with iPhones under a promotion conducted by the bank. 

Citizens Development Business Finance PLC, a licensed finance company commonly known as CDB, for the March quarter (4Q17) reported earnings of Rs.394.4 million or Rs.7.26 a share, which translated to an increase of 22 percent year-on-year (YoY), the

In response to the devastating floods in Sri Lanka, Visa has stepped forward to help flood relief efforts by donating US$ 50,000 to the Sri Lanka Red Cross Society. 

Winning the National Business Excellence Awards (NBEA) has helped Lanka Orix Leasing Company (LOLC) Group to become the most profitable entity in Sri Lanka, its Chief Operating Officer and Chief Legal Officer Kithsiri Gunawardena said.

The show house of the Prime Group’s, Rs.25 billion ‘Prime Grand - Ward Place’ apartment project in Colombo - 7, which is expected to be completed by 2020, was officially opened to prospective customers recently.

Lending its support to the innumerable Sri Lankans affected by torrential rains, Mastercard announced that it has partnered with the United Nations World Food Programme’s (WFP) flood relief efforts in Sri Lanka.

Nations Trust Bank mobilized its CSR funds, and volunteers in putting together 500 family packs of dry rations as flood relief that were handed over to Sri Lanka Air Force disaster relief collection point at the Rathmalana Air Force Base. 

Sri Lanka faced severe damage due to the recent catastrophic floods which devastated most parts of the country. 

Leading logistics provider EFL announced the appointment of three new Independent Directors to its international board as part of its ongoing efforts to add international expertise to its management 

Blue Mountain’s erected lanterns to brighten up the streets of Colombo for Poson. This initiative carried out in partnership with the Colombo Municipal Council to celebrate the poya. Like with every 

This Ramadan, Hameedia is offering a range of exciting offers and collections, exclusively for ladies. Whether it’s a rich embroidered shalwar or a classic shawl that you’re in search of, you can now stock 

Qatar Airways today released its annual report for the fiscal year 2017 (April 1st 2016 to March 31st 2017) revealing a 21.7 per cent year-on-year net profit increase. The results also show an annual 

Lending its support to the innumerable Sri Lankans affected by torrential rains, Mastercard has partnered with the United Nations World Food Programme’s (WFP)flood relief efforts 

Sri Lanka Institute of Marketing (SLIM), the national body for  marketing, invites organisations to nominate outstanding individuals from their sales teams for the National Sales Congress (NASCO), 

Forbes has announced its annual list ranking of the ‘World’s Most Valuable Brands 2017’ after evaluating more than 200 global brands to determine the final list of 100 brands.