Sri Lanka’s tourism industry has experienced only minimal impact from the recent floods, state and private sectors stated yesterday, which has led the tourism authorities to maintain their revenue and arrival forecasts for the year.

Ondaatjie family controlled Mercantile Investments and Finance PLC (MIF) yesterday divested its entire holdings in Sri Lanka’s largest private lender, Commercial Bank of Ceylon PLC, in a Rs.1.43  billion deal.

Royal Ceramics Lanka PLC reported earnings of Rs.889.7 million or Rs.8.03 a share for the January –March quarter (4Q17), recording an increase of slightly over 17 percent year-on-year (YoY) due to healthy growth in profits from tiles, sanitary

A top Sri Lanka Ports Authority (SLPA) official recently appealed to the detractors of the state institution to recognize the sacrifices it is making to create a level playing field for the private sector while delivering a positive performance.

 Diversified conglomerate, Laugfs Gas PLC, posted a net loss of Rs.747.6 million for the March quarter (4Q17), against a net profit of Rs.120.9 million year-on-year (YoY) due to higher cost of sales and higher finance costs arising from the high

The inauguration of ‘Sri Lanka Investment and Business Conclave 20017’ organized by the Ceylon Chamber of Commerce was held yesterday under the patronage of President Maithripala Sirisena. 

The National Chamber of Exporters of Sri Lanka (NCE) which is the private sector chamber exclusively serving Sri Lankan exporters, whose member exporters make a substantial contribution to the economic development of Sri Lanka through exports, welcom

The work on phase one of the Southern railway extension came to a sudden stop due to the heavy deluge that inundated the Matara district last Thursday and Friday. Most of the base camps established by China National Machinery Import & Export Corp

Turning a new page in Sri Lanka’s business history, the entire company registration process is to be fully automated thereby slashing the waiting period for the birth of a new company. 

The pioneers of Cochlear implants in Sri Lanka, J.M Wickramarachchi & Company celebrated 40 years of selfless service to the nation recently. 

SriLankan Airlines will expand its network to Yangon, the capital of Myanmar, from 1st June, with the commencement of a codeshare partnership with Myanmar Airways International (MAI), one of Myanmar’s best-known airlines.

PickMe, the homegrown startup with the leading tech-based taxi-hailing app in Sri Lanka, continues its efforts to uplift the spirit of their drivers with the launch of ‘Lakshapathi Waram’, a unique initiative to honour the values of their

In celebration of Vesak, Union Bank held Bodu Bathi Gee Saraniya 2017at the bank’s head office.  Chairman of Union Bank’s group companies NAMAL Asset Management and UB Finance- Alexis Lovell, Director and Chief Executive Officer- Ind

Amâna Takaful being the insurance pioneer of the ‘takaful way’ since 1999, is not only a pioneer in the Takaful field but is also a trusted establishment that places employee growth and well-being as a top priority. It is one such w

Laugfs Supermarkets chain concluded its ‘Lakshapathi’ Raffle Draw conducted over a 45-day period, featuring cash prizes worth Rs. 100,000 and a daily total bill wipe-off opportunity, in a bid to reward loyal customers. 

 DP Logistics (Private) Limited (DPL), a subsidiary of David Pieris Group of Companies has moved from Wellampitiya to Pelawatta to provide greater accessibility and convenience to its customers. The new address is No. 941, Pannipitiya Road, Pela

The Summer Season of Colombo Fashion Week in March 2017 saw the introduction of a new annual initiative called Fashion Films. This brought together two creative streams of fashion and films; Five 

Mobitel, the National Mobile Service Provider, takes its ‘We care. Always’ pledge a step further by organizing its 16th ‘Eye Clinic Project’ on 27th May 2017. Demonstrating its social responsibility 

The Sri Lanka Association of NVOCC (non-vessel operating common carrier) Agents (SLANA) said that it would work with the new Ports and Shipping Minister to address the negativities created by the laws and regulations passed by the previous regime, wh

REUTERS: A severe and intensifying cyclone churned north towards Bangladesh yesterday after heavy rain in Sri Lanka and thunderstorms in eastern India killed at least 201 people, with more torrential downpours forecast.

Edgbaston Asian Equity Trust, the Houston Texas-based fund of UK-based Edgbaston Investment Partners, for the first time, is featured among the top 20 shareholders of Sri Lanka’s premier blue chip John Keells Holdings PLC (JKH).

The Sri Lanka Tobacco Retailers’ Association met the newly appointed Finance Minister Mangala Samaraweera at the Finance Ministry last week to highlight several issues facing traders and tobacco sales. 

REUTERS: Sri Lankan shares fell yesterday in dull trade to close at their lowest in two weeks, as investors booked profits in heavyweights such as John Keells Holdings PLC and Commercial Bank PLC while floods and landslides that hit the island nation

TAL Lanka Hotels PLC, which operates the Taj Samudra hotel in Colombo, managed to narrow its net losses to Rs.1.19 million during the March quarter (4Q17), compared to a Rs.28.35 million net loss year-on-year (YoY) through cut backs in expenses, duri

‘When sleeping women wake, mountains move’ a famous Chinese proverb is starting to become more and more relevant in today’s context, in an era where the role of women have become ever more essential in the development of economies a

Maliban Biscuits was honoured as ‘The Most Loved’ biscuit manufacturer, amongst a host of other top brands in Sri Lanka, according to the latest LMD Brands Manual 2017 compiled by Brand Finance and presented by Media Services.

At this week’s tea auction, an invoice of PD grade from Abbotsleigh Estate, selling under the ‘Florence’ mark, secured an all-time record price of Rs.720 per kilogramme in the CTC high-grown category.

The Indian CEO Forum Sri Lanka (ICF) recently held its annual general meeting (AGM), where Special Assignments Minister Dr. Sarath Amunugama was the chief guest and Indian High Commissioner in Sri Lanka Tajinder Sandhu was the guest of honour.

Etihad Airways has been unveiled as the official airline partner of the 2019 Special Olympic World Summer Games, an event that will bring more than 7,000 athletes from 170 nations to Abu Dhabi in March of that year.

V.K. Sharma, Chairman LIC of India and Chairman, LIC (Lanka) Ltd. accompanied by Hemant Bhargava, M.D. of LIC of India and Director, LIC (Lanka) Ltd. are in Colombo to attend the 49th Board Meeting of LIC (Lanka) Ltd.