The number of internet and email subscribers in Sri Lanka increased by 77.3% Year-on-Year (YOY) during the second quarter of this year reaching approximately 1.15 million subscribers according to the latest economic indicators report from the Central

John Keells group's, Ceylon Cold Stores, popularly known as Elephant House, saw a 4 percent year-on-year (YoY) decline in net profits to Rs.179.3 million for the September quarter (2Q13), with its Keells Super supermarket chain still in the red,

Sri Lanka was highlighted alongside the frontier markets Vietnam and Bangladesh, as being ideal investments for foreign investors with a high risk appetite seeking to diversify their equity portfolios, in an equity strategy report from HSBC.

The Lankan Angel Network (LAN), the first of its kind in Sri Lanka is launched with the purpose of bringing together the Sri Lankan investor and mentor community and to scale the startup ecosystem.

New motor vehicle registration during the month of August fell 38.7 percent Year-on-Year (YoY) to 27, 766 amidst import duty increase on motor vehicles, the official data issued by the Central Bank showed.

In its continuous mission to lead Sri Lanka’s ICT transformation across the island, the National Mobile Service Provider, Sri Lanka Telecom Mobitel opened its second regional contact centre in Mullaitivu recently.

Addressing a forum and panel discussion on the topic of ‘Capital Markets, Integrity and Development’ organized by the European Chamber of Commerce of Sri Lanka, Dr Batagoda voiced his opinion on the right of information in Sri Lanka.

G20 finance chiefs yesterday began two days of talks aimed at quelling fears of a global economic downturn amid a persistent Eurozone debt crisis and a looming fiscal crunch in the United States.

Avirate, a truly Sri Lankan brand is not only expanding locally, but internationally as well. They are proud to announce that they have expanded in India as of recent in UB City Bangalore, India’s first Luxury Mall.

Treasury yields rose across all maturities at yesterday auction with 12-month longterm yields rising most, the Public Debt Department of the Central Bank said.

The banking unit of John Keells group, Nations Trust Bank (NTB) has appointed Arjuna Gunaratne as its new Chairman with effect from today

For the third consecutive year, Sri Lanka’s National Mobile Service Provider, Sri Lanka Telecom Mobitel won the coveted ‘Excellence in Engineering’ award, under the category ‘Infrastructure – Service Sector: Large”

Geely, the Fortune 500 Chinese automotive multinational that now owns 100% of Sweden’s Volvo and part produces the famed London’s black taxi cabs, is entering Sri Lanka.

The National Mobile Service Provider, Sri Lanka Telecom Mobitel held its Business Partner Awards Convention recently at the Sri Lanka Foundation Institute in Colombo.

The Kandy Cancer Treatment Unit Fund signed a M.O.U. with Sri Lanka’s famous son, Muthiah Muralidaran, appointing him as Brand Ambassador, on the 18th of October.

Sri Lanka must break its colonial chains of being a follower and facilitate an environment where innovation and invention can lead the economy out of ‘Third World’ status’, Senior Minister of Scientific Affairs Prof. Tissa Vitarana

The management of the Employee’s Provident Fund (EPF) must be removed from the control of the Central Bank of Sri Lanka in order to prevent conflicts of interest, according to Opposition Member, Dr. Harsha de Silva.

Meaningful reforms targeted at retirement funding, including the possible segregation of Sri Lanka’s largest social security scheme, the Employees’ Provident Fund (EPF), is urgently required in order to ensure that retirees have access to

Kuwait’s Emir Sheikh Sabah al-Ahmad al-Sabah yesterday proposed setting up a $2 billion fund to fight poverty in Asia and said the Gulf state will donate $300 million to its corpus

H & M Shipping Services (Pvt.) Ltd., a joint venture between Hemas Transportation ( Pvt.) Ltd. and Mercantile Shipping Company PLC launched its brand new crew boats ‘MercMas I’ and ‘MercMas II’ at a colourful ceremony in G

Deterioration of Euro-zone economies could have a negative impact on the sovereign credit ratings of countries in the Asia Pacific region, including Sri Lanka, according to a report from Standard & Poor’s (S&P) Ratings Services.

The Ministry of Industry and Commerce has announced its support to the next Commonwealth Business Forum (CBF ‘13) to be held in November 2013 in Colombo, and the campaign is scheduled to be launched by President Mahinda Rajapaksa today.

A four-acre land in Pettah has been leased out to the Krrish Group of India for commercial purposes under a lease payment of Rs. five billion for 99 years, the Urban Development Authority (UDA) said yesterday.

Making a landmark order in an Intellectual Property Law case, Supreme Court ruled that importing of genuine HP products through alternative sources on a prima facie basis sustain the specific provisions of the Intellectual Property Law of permitting

Following the success of the World Spice Food Festival since 2005, Sri Lanka Tourism Development Authority has once again made arrangements to conduct the World Spice Food Festival 2012, with the aim of showcasing culinary expertise from around the w

The total active credit cards within Sri Lanka increased by 55,864 between December 2011 and July of this year, according to provisional figures from the Central Bank of Sri Lanka.

ONGC Videsh (OVL), the overseas arm of the state oil explorer has held initial talks with Cairn India for a partnership in Sri Lanka, where Cairn drilled successfully to announce the island’s first hydrocarbons discovery, Indian media reports s

Maliban Biscuit Manufactories (Pvt) Ltd. re-launched one of their most popular and sought after brands 'Lemon Puff' that has been a favourite biscuit among Sri Lankan youth for more than 40 years.

Out of the 14 teams that vied for the right to represent Sri Lanka at the Young Spikes competitions to be held in Singapore this year Tharanga Rathnasekara and Champika Anuradha from Mindshare will represent Sri Lanka as the winners of the local medi

The world renowned Islamic Finance News (IFN) Roadshow will hit the shores of Sri Lanka this September, bringing together the country’s Islamic Finance industry and its key regulatory stakeholders to one forum to discuss the issues, challenges