Jonathan Auerbach, who explored new frontiers for investors as co-founder of Auerbach Grayson & Co., a brokerage that specializes in international trading, has died at 70, Bloomberg newswire reported

Etihad Airways, the national airline of United Arab Emirates is to opearte daily flights to Colombo from January 2, 2013 amidst growing demand, the airline said in a statement

Sri Lanka’s apparel major, MAS Holdings is to make the biggest single investment in the history of its operations, as the firm is planning to set up US $ 70 million automated knitting plant, a press statement by the country’s investment p

The Treasuries yield rose across all maturities at the auction held yesterday where the government sold 23.6 billion in Treasury bills

International baby-product retailer Mothercare, opened its first store in Sri Lanka through a franchise partnership agreement with Softlogic group this week.

The Court of Appeal held that in the case of a recovery of Employees’ Provident Fund dues, from a Company under liquidation, that the Commissioner General of Labour must seek to recover the same from the Liquidator of the Company and not from i

Last night, at the EFFIE Awards 2012, WORDS Advertising struck Gold. WORDS was recognized with Sri Lanka’s first and only EFFIE Gold by the distinguished panel of judges for their work on “Trail”.

Sustenance of the insurance industry remains dubious, following the intense price competition that is prevalent in an overcrowded market, which is found eroding the underwritten profits of insurers, a veteran insurer in the country said.

Nestlé Lanka PLC, a unit of Switzerland-based Nestlé S.A., yesterday announced the appointment of a new Managing Director with effect from January 1, 2013

Sri Lanka's Treasury bill yields rose across all maturities yesterday with three-month and 12-month yields rising most, the Public Debt Department of the Central Bank said

Unilever Chief Executive Officer, Paul Polman is scheduled to arrive in Colombo today. Accompanying Polman will be Chief Operating Officer, Harish Manwani, and Executive Vice President of South Asia, Nitin Paranjpe. During this visit, Polman will be

Sri Lanka's first-ever Young Water Professionals Symposium (YWPS) will be held on Thursday, November 22, at the Galadari Hotel. Minister of Water Supply and Drainage Minister the Hon. Dinesh Gunawardena will be the chief guest and 2007 Nobel Peac

Mobitel, the country’s National Mobile Service Provider continued to grow its revenue despite heavy competition in the industry. Revenue for the first nine months of 2012 grew by 14% from Rs.15.9bn to Rs.18.2bn compared to the same period in th

Anticipated high capital expenditure for Sri Lankan telecommunications companies (telcos) will likely translate into a challenging year for smaller operators in the country over the course of next year, according to a report from Fitch Ratings.

Sri Lanka's Finance Ministry today entered into an agreement with Asian Development Bank (ADB) for additional financial assistance to improve the road connectivity between the country’s Northern Province and other provinces

Singer Sri Lanka f urther strengthened its position as the leader in Sri Lanka’s consumer durables sector as the Singer Group’s revenue rose by Rs. 3.2 billion to Rs. 18.7 billion, at the end of the third quarter.

Sri Lanka’s Aitken Spence PLC said its net profit for the quarter ended September 30 (2Q13) rose to Rs.731.4 million against Rs.468 million reported in the same period of the previous quarter, largely helped by strong gains from tourism operati

The Islamic finance industry in Sri Lanka achieved another milestone in its fast evolving history, with the launch of Sri Lanka’s first-ever Shariahbased income fund recently.

Amana Bank’s Managing Director/CEO Faizal Salieh delivered a country presentation on the topic ‘The Journey of Islamic Finance in Sri Lanka’ at the IFN Asia Forum held in Kuala Lumpur, Malaysia recently.

The BOI signed an agreement with Plumbago Lanka (Pvt) Ltd facilitating a business venture for mining and to export value added graphite. The company plans to invest US$20 to US $78 million over the next 4 years

In its continuous efforts in revolutionizing the ICT sector, Sri Lanka Telecom Mobitel – the country’s National Mobile Service provider launched ‘Mobitel Upahara’ for state sector employees back in 2008.

Knit fabric manufacturer Textured Jersey Lanka PLC (TJL) demonstrated its operating excellence by doubling net profits for the quarter ended 30 September 2012 (2Q FY2012/13), as per the financial results released to the Colombo Stock Exchange (CSE).

Aitken Spence bagged the Best Corporate Citizen Award 2012 at the annual Best Corporate Citizen Award ceremony organised by the Ceylon Chamber of Commerce, at Cinnamon Grand yesterday. Singer (Sri Lanka) became the first runner up, while Ceylon Biscu

Lanka Cement PLC plans to enter into a joint venture with other international cement manufacturers to set up a cement grinding and packing plant in an area outside the high security zone in Kankesanthurai, according to Lanka Cement Managing Director

John Keells Holdings (JKH), the largest company listed in the Colombo Stock Exchange (CSE) in terms of market capitalization, has recorded a net profit of Rs.2.4 billion for the September quarter (2Q13), up by 59 percent Year-on-Year, the interim acc

The tax extensions on supermarkets and large scale trading operations proposed in the Budget 2013 are likely to negatively impact listed entities with retail arms, CT Smith Stockbrokers, a stockbroker with a predominantly foreign clientele said in a

Higher finance costs, rupee depreciation and lack of one-off gains originating from sale of holdings in subsidiaries during the first half of the financial year 2012/13 have adversely impacted the profitability of Hayleys PLC, a diversified blue chip

Sri Lanka’s Commercial Bank PLC’s consolidated net profit for the nine months ended September 30, 2012 rose 25 percent year-on-year to Rs.7.6 billion, while net profit for the September quarter (3Q12) stood at Rs.2.3 billion, up 11.55 per

Doha, QATAR – Qatar Airways is offering customers in Qatar and around the world great savings to more than 100 destinations during its latest three-day global sale starting at midnight.

For the first time in Sri Lanka, Mobitel gives you the opportunity to purchase tickets for cricket matches via your Mobitel phone. This special service, offered via the National Mobile Service Provider’s mTicketing platform, is available by sim