Debt is central to the functioning of a modern economy. Firms can use it to finance investments in future productivity. Households can use it to finance lumpy purchases, such as big consumer 

Dentsu Aegis Network yesterday announced the acquisition of a majority stake in the Grant Group, the largest independent creative agency and the pioneer of advertising in Sri Lanka. 

The inaugural edition of the Women Icons Summit & Awards, a premier platform that celebrates and honours the accomplishments and contributions of women who have excelled in different spheres of life, was held amidst great fanfare at the Raffles T

Competing against 3,011 entries across 18 award categories at Adfest 2017, TBWA\Sri Lanka brought glory to the country by being the only Sri Lankan agency to clinch a metal at the recently concluded awards presentation.

Hemas Holdings PLC hosted a forum on Women’s Educational Empowerment and Economic Opportunity yesterday with a keynote delivered by Krishanti Vignarajah, the Sri Lankan-American Senior Advisor to the Asian University for Women (AUW), Bangladesh

Keeping up with the Kardashians unleashed upon the world not just the success and impact of reality TV - it also brought several spin-offs,

Macbertan (Private) Limited marked its 20th milestone in company history by recognizing long service employees at an awards ceremony held recently at hotel Palm Village. It was a function filled with glamour, where long Service Employees were rewarde

Dinapala Group of Companies, a leading name in the field of business in this country is a commercial organization established in 1956 in Kandy. 

Cinnamon Grand held its annual service awards to acknowledge and reward the long-term commitment of hotel’s associates at the Oak Room recently. 

PickMe, Sri Lanka’s home grown technology based taxi hailing service is well into its second successful year of operations.  

The government is hoping to build a national consensus for the role of public-private partnerships (PPPs) in revamping state-owned enterprises (SOEs), Public Enterprise Development Minister Kabir Hashim said this week.

An outspoken economist yesterday advised Sri Lanka’s Central Bankers and politicians to adopt a more or less a homegrown monetary and fiscal policy instead of following mythical monetarism and free markets.

Compelling and eloquent speaker and award-winning author Dr. Shashi Tharoor, a former Under-Secretary-General at the United Nations (UN) will be in Colombo next week for the launch of Prime Minister Ranil Wickremesinghe’s biography authored by

The Ceylon Electricity Board (CEB) is currently refusing to pay interest on Rs. 10 billion in customer security deposits that have been made when opening new connections, until the state-owned entity returns to a financially viable status or better t

Sri Lanka’s premier trade chamber, Chamber of Commerce, yesterday welcomed the decision by the Finance Ministry to postpone the abolition of Simplified Value Added Tax (SVAT) system that was due to come into effect  on April 1.

REUTERS:  The Sri Lankan rupee firmed up yesterday, led by exporter dollar sales and inward remittances but demand from importers for the U.S. currency weighed on sentiment,  dealers said.

India’s Manipal Technologies Limited (MTL) in association with Sri Lanka’s Lake House Printers and Publishers PLC (LHPP) yesterday launched a cutting-edge digital banking solution to cater to the growing needs of the Lankan banks and thei

Sunshine Holdings PLC is celebrating its 50th anniversary. 

Sri Lanka’s top cable manufacturer, ACL Cables sponsored the ‘Best Performer Award’ for the BSc. Engineering Honours Degree for Electric and Electronic Engineering at the recent SLIIT Convocation.

Widely known for its production of tea and the chilly climate, the city of Nuwara Eliya has certainly secured a special place in the hearts of many local and international tourists.

Coinciding with celebrations for the 150th anniversary of Ceylon Tea, the Watawala Family of companies stepped forward as Gold Sponsor to the Colombo International Tea Convention 2017.  Organized by the Colombo Tea Traders’ Association (CT

A new dimensional shopping experience came to life in Ja-Ela this week when two of the Softlogic Group’s retail operations -- Burger King and Softlogic Max -- joined forces in a single-location with a simultaneous opening in this suburban encla

The unfortunate reality is that every year 3000 children are born with Congenital Heart Disease (CHD) in Sri Lanka. Deepening the lament is the fact that each day is a battle between life and death for 

DFCC Bank recently hosted an European Investment Bank (EIB) delegation to an exclusive event to honour its mutual longstanding and fruitful association with EIB for the last 15 years. The EIB

The International Day of Forests (IDF) is celebrated globally on 21st March each year as a platform to raise awareness of the importance of all types of forests and of trees outside forests for the benefit of current and future generations. 

The Siddhalepa Group’s green initiatives reached a new dimension recently when the company issued 100,000th waste bin donation to a temple in a remote part of the country. 

Harpic, in collaboration with the Ministry of City Planning & Water Supply, will install toilets in 100 homes across the island this year, under a new program that aims to improve access to sanitation facilities throughout Sri Lanka. 

Sri Lanka’s electricity consumers are likely to be in for a rude shock again as another round of price increase is expected anytime soon amid shortages in generation capacity and increasing transmission and distribution costs, according to a le

Sri Lanka’s lubricant market has become messy due to a large number of unlicensed players acting on rules unto themselves due to lax regulations and their activities have caused losses to the government, licensed operators and consumers at larg

AFP: The EU blocked the blockbuster merger of the London Stock Exchange (LSE) with Germany’s Deutsche Boerse yesterday, snagged by competition concerns and the fallout from Brexit.