SriLankan Catering (Pvt) Ltd. has reported an impressive Net Profit of Rs. 640 million in the 9-month period up to 31st December 2010; a 40% increase over the same period in the previous year.  This excellent performance came despite the compan

LB Finance recorded an income of Rs. 1.4 billion for the three months ended t December 31, 2010. This is an increase of 35% in income over the previous period of Rs 1.0 billion.  Profits after tax for the three months stood at Rs. 228 million u

Hemas PLC recorded a turnover of Rs 4.7 Billion for the quarter ending December 2010 with earnings of Rs 311 million. For the nine month period the company recorded earnings of Rs 900 million from a turnover of Rs 13.4 billion according to a review

Standard & Poor's on Thursday lowered Japan's long-term sovereign credit rating to AA minus from AA, saying it expected the country's fiscal deficits to stay high in coming years

The United Nation Resident and Humanitarian Coordinator in Sri Lanka, Neil Buhne yesterday said that though economic indicators showed there was development, a closer look at the employment of the labour force in Sri Lanka shows the unemployment of s

Kenya has opened the way for local airlines to launch direct flights to Colombo, Sri Lanka, after it signed a bilateral air services agreement that allows access to its skies

Lanka Orix Finance Company Ltd. - a member of the LOLC Group- and Commercial Bank signed a trailblazer agreement to install Commercial Bank's ATM at identified branches of the LOLC Group.

Strong evidence have surfaced that Sri Lanka's agriculture sector and economy is likely to go through a rather tumultuous period marred by food and water shortages following the recent freaky climatic developments both locally and internationa

Jetwing Sea hotel, formerly known as Jetwing Seashells was ceremonially opened last Saturday by Economic Development Minister Basil Rajapaksa.

Sri Lanka needs to focus on getting into regional or bilateral trade agreements that are not exclusive to only a few countries if they are to reap the benefits of global economic trade, Manager of the Development Prospects Group Andrew Burns said yes

Laugfs group has posted Rs.750 million Profit After Tax (PAT) for the nine months ended December 31, a 96 percent increase from a year ago, surpassing profit forecasts for the period, group Chairman W.K.H Wegapitiya said in a statement yesterday.

Sri Lanka Tourism's Refreshingly Sri Lanka Visit 2011 campaign was launched with 12 themes for  the twelve  months of the year last Saturday.

HSBC has introduced yet another exciting promotion that offers cardholders the convenience of purchasing daily essentials on their credit card and in-turn enjoy special home and away travel and holiday privileges, to further enhance their busy lifest

Laugfs Gas Ltd. has entered into a joint venture agreement with Bharat Petrolium Corp. of India to introduce innovative metal cutting gas in Sri Lanka under the brand name Laugfs Bharat Metal Cutting gas (LBMCG), a stock exchange filing by the firm

Hong Kong-based Shangri-La Asia Limited yesterday officially announced the purchase of six acres of Government land facing the Galle Face Green promenade, a prominent landmark in Colombo, Sri Lanka.

The Jaffna International Trade Fair will take place for the 2nd consecutive year giving the opportunity for all industries to setup their business in a land that has not been accessible for more than three decades.

World Bank Group Managing Director Dr. Ngozi Okonjo-Iweala says that it is encouraging to note that projects initiated by the ICT Agency of Sri Lanka (ICTA) give a new lease of life to disaster-hit communities in Sri Lanka.

Priority Banking of Standard Chartered Bank organized a networking breakfast event for their customers, last week. Highlight of the event was a presentation by eminent tax consultant, N.R Gajendran on benefits and conveniences attainable from the rec

Janashakthi joined forces with the United Nations, Ceylon Motor Sports Club (CMS) and the global governing body for motor sports and road safety the Federation Internationale de I'Automobile (FIA) - UK to launch the global campaign - a Decade of

The Government on Friday held a crisis meeting on the coconut industry with both sides cracking their ideas as to how best a more sustainable development could be struck.

Central Bank said yesterday earnings from exports increased by 27.6 per cent, year-on-year, to US dollars 802 million in October 2010. This is the third highest monthly export value ever recorded. Higher export earnings from the textile and garment

Recognising the contribution and role of Small and Medium Enterprises (SMEs) in the current post-war emerging economy, Etisalat Lanka provided a boost for the sector with the 'Etisalat Business Edge' forum.

The Central Bank of Sri Lanka (CBSL) announced the launching of new coin  to mark 60 years of Central Bank.

The Belgian business delegation which included over 50 representatives from 40 companies who visited Sri Lanka for 'Belgian Week 2010' held from 22-26 November to explore economic and investment possibilities, have expressed optimism on the

The National Chamber of Exporters of Sri Lanka (NCE) held its 16th Annual General Meeting on Friday, 26 November 2010 at Hotel Taj Samudra, Colombo.

NDB Bank, one of Sri Lanka's fastest growing banks, join hands with the Nation's Legendary Banking Services provider, Sampath Bank to form an enhanced ATM network spread across the island. 

With a "highly favourable" long term set of Budget proposals, the National Chamber of Commerce (NCCSL) yesterday said Budget 2011 was acceptable as it provided relief and incentives for future development.

In line with the 2011 Budget proposals that were presented on Monday, the Central Bank yesterday announced a nine point foreign exchange regulations relaxation, for the first time allowing foreign investors to invest in private company bonds and Sr

COLOMBO SRI LANKA (18 November) - The Sri Lankan Ministry of Environment with assistance of the Asian Development Bank (ADB) on Tuesday unveiled a draft National Climate Change Adaptation Strategy that should help the South Asian nation meet and over

In warm countries such as Sri Lanka, the very mention of the word air conditioning brings to mind a cool and comfortable environment. However, in cold climates, air conditioning could mean the heating of the environment to a comfortable level.