The initial public offering (IPO) of Exterminators Limited, Sri Lanka’s premier pest management and environmental enhancement technology company, was oversubscribed in a matter of hours on the opening day.

Amid the sharp increase in construction costs, Kassim-family-controlled Ex-pack Corrugated Cartons (Pvt.) Ltd has downsized its original investment plan to set up the country’s largest state-of-the-art corrugated plant.

Sri Lanka is operating neither with guidance for headline and core inflation nor a private sector credit growth target for this year, which can be taken as a lack of policy direction from the authorities to steer the economy forward.

The earnings from tourism have exceeded US $ 500 million for the first two months of the year, with the industry generating an excess of US $ 300 million for the month of February.

Ernst & Young Country Manager Manil Jayasinghe and Ernst & Young Partner Financial Accounting and Advisory Services Hiranthi Fonseka together with Partner D.L.F De Saram Manjula Sirimane and Kareena Teh – Partner | Solicitor Advocate LC lawyers LLP

The newly-developed website of the Pathfinder Foundation, www.pathfinderfoundation.org, was launched in New Delhi by Nobel Prize for Peace recipient Shri Kailash Satyarthi, a renowned Indian social activist, who campaigned to create a child-friendly

Ambassador of Turkey to Sri Lanka R. Demet Sekercioglu will be the special guest speaker at a session on bilateral trade between Sri Lanka and Turkey, on Wednesday, March 16, 2022, from 2.30 p.m. to 4:30 p.m., at the National Chamber Auditorium, No.

The Ceylon National Chamber of Industries (CNCI) has planned to host a very important webinar to make the industrial sector employees aware of the Sri Lanka Customs’ initiative for Authorised Economic Operator (AEO) and Complaint Economic Operator

The newly-launched Hatch Makerstudio is a community workspace designed for innovators, providing access to state-of-the-art digital fabrication technology and equipment for start-ups and individuals to prototype and test their innovations. It is an i

The Central Bank issued fresh directions to licensed commercial banks and the National Savings Bank (NSB) last week rescinding the earlier instructions issued on capping the interest rates offered on foreign currency deposits, effective from March 11

Two Indian naval vessels visited the Hambantota International Port (HIP) for replenishments and husbandry services.

The Central Bank in an extraordinary gazette issued on Friday included payments to local suppliers as part of permitted payments and commitments from the dollar proceeds before converting the residual amount into Sri Lankan rupees on or before the se

In an effort to diversify source markets for Sri Lanka tourism, authorities have kicked off a fresh initiative to attract visitors from Bangladesh.

Pest management and environmental enhancement technology company Exterminators Limited’s IPO will open today.

Ahead of Finance Minister Basil Rajapaksa’s Indian visit next week to finalise a US$ 1 billion credit line, India has inked a joint venture and shareholders’ agreement (JVSHA) with Sri Lanka to develop a 100 MW solar power plant in Sampur in the

National carrier SriLankan Airlines aims to reach greater heights next year and several efforts are underway to pull it towards a positive growth trajectory after years of reported losses.

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on Wednesday announced the official rebranding of the prestigious Annual Report Awards Competition, as TAGS Awards, from this year onwards.

CFA Society Sri Lanka is hosting an information session on the CFA Programme on Tuesday, March 15, 2022, at 3:00 pm, with speakers CFA Society Sri Lanka President Dinesh Warusavitharana, CFA, Investment Research Managing Director and Acuity Knowledge

The CEO Forum of the Sri Lanka Institute of Directors (SLID) recently arranged a panel discussion and webinar titled ‘How the Pandemic has Changed the Way CEOs Must Lead’, to discuss and share insights on the pandemic-led leadership style changes

The Colombo Stock Exchange (CSE) entered into an understanding with Global Reporting Initiative (GRI) in 2018 to foster effective sustainability performance and communication among the listed companies.

The Support for Integrated Rural Development Enterprise programme was implemented by the British Council in partnership with Chrysalis and Care Germany over the last 4.5 years with the funding of the European Union.

The Sri Lanka Japan Business Council will present a seminar on the theme of Japanese design and Sri Lankan manufacturing excellence on March 16, at Ramada Hotel, Colombo, at 6:00 p.m. onwards.

The private sector stakeholders of the tourism sector met with the officials of the Tourism Ministry this week to share their concerns with regard to the repeated challenges faced in steering forward.

Sri Lanka’s consumer electronic retailer Singhagiri (Pvt.) Ltd has stepped up efforts to revolutionise the history of the television industry in the country by making available locally assembled systems that are equipped with improved technology.

A total of 5.2 MnKgs came under the hammer this week at the Colombo Tea Auction, which was a marginal increase from the 4.98 MnKgs on offer the previous week.

Women entrepreneurs in emerging markets face a daunting gender finance gap when it comes to growing their start-ups, a research by International Finance Corporation (IFC) showed.

Goldman Sachs analysts downgraded their forecasts for U.S. economic growth for this year, reckoning that spikes in oil and other commodities since Russia’s invasion of Ukraine will hurt spending.

Sri Lanka’s largest private fuel retailer hiked diesel prices more than 40 percent yesterday, compounding the hardship for ordinary people in the country’s worst economic crisis since independence.

Russia has hit back at western sanctions for invading Ukraine by imposing export bans on a string of products until the end of 2022.

The Fundamental Rights petition filed by the Electricity and Renewable Energy Consumers Association, seeking an interim order staying the proposed ground-mounted solar power projects, has been fixed for May 12 by the Supreme Court.