Delays in local trademark registration process could undermine the massive benefits deriving from Sri Lanka’s decision to comply with the Madrid Protocol, according to the Colombo-based think tank,  Verité Research.

Sri Lanka’s consumer prices measured by Colombo Consumer Price Index (CCPI) rose to a six-month high of 5.5 percent in January from a year earlier, accelerating from the previous month’s 4.5 percent under a revised base-year and market ba

Politicians are continuing to create unsound policies advocated by laymen to the field of agriculture in order to victimize the poverty-stricken farming population, which would result in an imminent derailment of the economy, scholars warned this wee

Dipped Products PLC (DPL), the non-medical glove manufacturing unit of the Hayleys group, made a net profit of Rs.1.78 a share or Rs.106. 7 million for the quarter ended December 31, 2016 (3Q17) amid strong top line growth while keeping the costs und

The electricity sector regulator, Public Utilities Commission of Sri Lanka (PUCSL) has issued guidelines to the Ceylon Electricity Board (CEB) and the Lanka Electricity Company private limited (LECO) to pay an interest on security deposit of electric

The Central Bank this week approved Pan Asia Banking Corporation PLC’s request to further extend the deadline for meeting the interim capital adequacy requirements for the banking sector.

Sri Lanka has come up with various interesting ways to make its tourism product exciting to the increasing number of tourists visiting the island nation.

‘PremayataIdakEtha’ by contemporary poet SupunAthukorala was recently launched to the public at the National Library and Documentation Services Board auditorium in Colombo 07.

Cash Bonanza Montero Extravaganza 2016 Introduced by the National Mobile Service Provider, SLT Mobitel, has become one of the most popular competitions in the country

Banking customers around the globe seem to be making the transition from traditional banking methods to E-banking. The costs and the difficulties associated with traditional banking

An independent research house has projected a gloomy outlook for Sri Lanka this year with the economy just growing a mere 3.9 percent amid slowing consumer spending, a depreciating rupee and an expanding budget deficit, though private sector credit i

After years of delay, HVA Foods PLC is likely to finally receive its legally entitled lease agreement for a 175-acre state land near Wilpattu to start a US $ 4 million organic agricultural resort, expanding a 20-year-old pilot project.

The Central Bank for the second time has granted additional time to the licensed commercial bank, Amana Bank PLC, to meet the interim minimum core capital, required to have been met by January 1, 2017, according to a filing to the Colombo Stock Excha

Ceylon Tobacco Company PLC (CTC) yesterday announced that it would be closing two of its leaf depots situated in Anuradhapura and Sigiriya.

Nations Trust Bank PLC (NTB) recently partnered with Softlogic Life to offer an exclusive life insurance cover along with a critical illness cover to its Max Bonus savings account customers.

The present government which is keen on receiving direct foreign investments for the country, took a very positive step in this connection by establishing an international Arbitration Centre, at the World Trade Centre. 

The construction of a Rs.600 million, five-hectare poultry farm in Nellikulama in Anuradhapura approved by the Cabinet Committee on Economic Affairs (CCEA) has received opposition from the Forest Department. 

The Chartered Institute of Marketing (CIM) Sri Lanka will be hosting its first CIM Talking Point Programme for this year today (31st) at the Hilton Colombo Residences from 6.00 pm onwards.  It will bring together top business leaders

One of the most widely read business newspapers in India turned broadsheet on 12 September 2016, defying the trend in developed countries to go digital only, creating more space for editorial and advertising content. 

During the past few years, several data breaches have made global headlines. You may remember the Target Stores data breach in 2013 that put the credit card numbers and personal information of millions of people into the hands of cybercriminals. Acco

Standard Chartered yesterday gave thumbs up for Sri Lanka’s economic outlook as the global investor interest in the country is “going through the roof” due to a combination of push and pull factors stemming from the island nation&rs

IFS, the global enterprise applications company, announced that LankaBangla Finance Limited (LBFL) has chosen to implement IFS Applications 9 to support mission-critical processes such as financials, procurement, inventory management, HR, and documen

Asiri Central Hospital, part of Asiri Group of Hospitals, which comes under Softlogic Holdings PLC, shared its success stories in breakthrough treatment option, neuro-interventional treatment, at the hospital auditorium, recently.

The Ceylon Institute of Builders (CIOB), the premier professional body, which actively promotes green constructions in the country, launched its website www.greenbuild.lk at the Taj Samudra Hotel in Colombo recently. 

Oliver Impex (Private) Limited, recently launched the latest brand of cement to the highly lucrative and booming construction market in Sri Lanka. 

Bank of Ceylon (BOC) recently converted its Kekirawa branch into a green branch, the third green branch with the first two being the Kilinochchi and Thissamaharama branches, which were opened in line with the bank’s 77th anniversary in 2016.&nb

In line with its commitment to build capability and talent in Sri Lanka across marketing and advertising tale, IAA unveils the much awaited Brand Mantra 2017.

Underpinned by solid growth and boosted by medium-term fiscal support, the Sri Lankan economy rode out a difficult year in 2016, though the government measures to curb spending and boost revenue may impact investment and expansion in the coming year.

Stax, a global strategy consulting firm that advises leading private equity (PE) funds worldwide, noted that investment and merger and acquisition (M&A) activity in Sri Lanka has increased over the past two years. 

RN Constructions (Pvt.) Ltd, a leading construction contractor in industrial developments in Sri Lanka stressing that the government should give priority to local direct investments, also expressed its displeasure over the local regulatory environmen