DFCC Bank PLC saw its profits for the quarter ended March 2022 (1Q22) cratered as it made thumping provisions against possible bad loans and other assets expecting tougher financial and economic conditions for its borrowers in the ensuing period. But

Both manufacturing and services activities slowed down significantly in April amid fewer working days, prolonged power outages, and difficulties in sourcing inputs including fuel and cooking gas for the production process.

The turnover at Colombo bourse yesterday hit a nine-week-high indicating a marked improvement in investor confidence following the two parliamentary votes which showed the country is moving towards political stability.

CFA Society Sri Lanka will lead a virtual discussion under the theme ‘Lessons Learned in Sovereign Debt Restructuring In Cyprus During 2012-13’ today, at 6:00 p.m. onwards, Sri Lanka time.

The hydropower companies in Sri Lanka had the opportunity to interact with Nepal’s Ministry of Energy, Water Resources and Irrigation (MOEWRI) and Nepal Electricity Authority (NEA) on the investment opportunities in Nepal for hydropower development

With chartered accountants known the world over to possess unique skills to power businesses across multiple sectors and industries, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) continued to work with the Institute of Chartered

Marking a key milestone in its sustainability journey, Hela Apparel Holdings has been awarded the prestigious ISO 14064-1:2018 certification by the Sustainable Future Group (SFG).

Pathfinder Capital (Pvt.) Ltd, an associate company of MMBL-Pathfinder Group, having examined the vast array of drones in the market, has chosen Israel-based Airobotics Ltd, which has developed an ideal solution for commercial drone applications.

The sharp fall in the value of the rupee helped swell the amount of outstanding loans and advances to the private sector in March, as the banks revalued their foreign currency assets and liabilities at the weaker rupee stood at the end of the month c

The consumer prices, which logged the highest ever increase in April, have left scores of people economically worse off, plunged many others into dire poverty and some into starvation, as the wages fail to keep pace with the consumer inflation.

The producer prices, an important inflation gauge similar to consumer prices, jumped the most in March, setting a fresh high, as the botched rupee float and the resulting multifold increases in the prices of all commodities and services added to the

Monopoly cigarette operator Ceylon Tobacco Company PLC (CTC) recorded higher top and bottom-line growths for the quarter ended on March 31, 2022 (1Q22), amid the growth in cigarette sales, recording a slight recovery from the prolonged COVID-19 impac

Sri Lanka’s trade account saw mixed results in March, with import expenditure recording an annual decline for the first time in over a year, following a sharp depreciation of the rupee and tougher import controls while the growth momentum in export

Hatton National Bank PLC (HNB) reported slightly higher earnings in the three months ended on March 31, 2022, although the bank made hefty provisions against the possible loans and other financial asset losses after the economy made a hard landing in

The massive impairment charges on loans and advances and other financial assets denominated in foreign currency weighed on Sampath Bank’s profits in the three months to March 2022 (1Q22) but the bank delivered on its core banking business, with inc

The new Prime Minister Ranil Wickremesinghe said the government may have to continue to seek the Central Bank liquidity until the taxes are raised, non-essential and non-urgent expenses are cut to bridge the gaping hole in the budget, in order to pay

The Central Bank (CB) expects the recently introduced middle spot exchange rate to strengthen the rupee exchange rate and to ease the liquidity pressures in the domestic foreign exchange market.

Sri Lanka Telecom PLC’s (SLT) investment towards fiberisation and the aggressive roll-out and marketing of fibre solutions paid off during the quarter ended March 31, 2022 (1Q22) as the group reported solid growth backed by higher revenues from its

IIHS (International Institute of Health Sciences) has entered into an agreement with the Western Australian Government to establish the Western Australian Certificate of Education (WACE) in Sri Lanka for the first time.

Reuters Breakingviews: India’s pledge to feed the world still holds more than a grain of truth.

The price of holding meetings and events in Sri Lanka has increased significantly in the recent months and is expected to expand further, a senior representative of the hotel sector said.

Even as Sri Lanka works to navigate uncertainties in its economic outlook, it must look to achieving a sustainable and low-carbon future, the International Finance Corporation (IFC) said.

The coastal town of Kalpitiya will receive a fresh boost with the Sri Lanka Tourism Development Authority (SLTDA) having sealed an agreement with a foreign investor to develop the Uchchamunai island.

Dubai’s Emirates airline yesterday posted an annual loss of US $ 1.1 billion, a sharp improvement on the US $ 5.5 billion loss in the previous year, as demand for international travel was boosted by governments easing pandemic-related curbs.

Elon Musk tweeted that his US $ 44 billion takeover of Twitter Inc. is “temporarily on hold” as he awaits data on its proportion of fake accounts, sending the social media giant into a tailspin.

The ongoing political crisis in Sri Lanka, which has over 2,000 trade unions on strike, is having spillover effects in the region, especially in Bangladesh.

Sri Lanka’s new prime minister has told BBC an economic crisis that has brought misery and unrest is “going to get worse before it gets better”.

DIMO has stepped up efforts to become well equipped to implement microgrid systems for the local industries to ensure an uninterrupted power supply.

Ceylon Agro Industries Ltd - Pima Group Sri Lanka, recognised its top sales achievers in its recently held Annual National Sales Conference 2022.

People’s Leasing and Finance PLC provide their contribution for the installation of the waste segregation bins in Sigiriya Rock Fortress in Dambulla on a need identified under the guidance of the Central Cultural Fund.