India’s Foreign Minister Subrahmanyam Jaishankar said yesterday the country is willing to make investments in Sri Lanka to help it ease a financial crisis, foreign media reported.

Seylan Bank PLC yesterday revealed the plans to raise up to Rs.6 billion via a listed, Basel III-compliant debenture issue.

A joint venture among Dialog Broadband Networks, Formis Network Services and Access International has secured a bid to design, supply, implement and maintain a court automation for the judicial system of Sri Lanka.

The foreign exchange shortage, which took a turn for the worse in the recent past, resulting in regular power cuts, is likely to hit the Independent Power Producers (IPPs), due to the potential delays in payments from the Ceylon Electricity Board (CE

Fitch Ratings yesterday said number portability, which is expected to be introduced in 2022, is unlikely to have a material impact on Dialog Axiata PLC, the market leader across mobile, pay-TV and home broadband segments in the country.

Colombo District Court Judge Anura Aluthge yesterday issued an enjoining order restraining Commercial Bank PLC from acting upon the board resolution passed on November 29, 2019.

Testa Bake House was established in 1982 as a small business and today expands its network of branches throughout the island as the Testa group provides hygienic processed foods, bakery products and other foods to government agencies, private institu

Daraz CEO and Founder Bjarke Mikkelsen visited Sri Lanka on February 14 and 15, 2022 and held an exclusive meeting with Prime Minister Mahinda Rajapaksa.

Sri Lanka will sign a Memorandum of Understanding (MoU) with the United States (US) to improve the capacity of local milk production.

The Cabinet of Ministers this week approved a proposal to provide incentives under the Strategic Development Project Act for the proposed US$ 70.4 million luxury urban hotel by Sri Lanka’s Damro Group.

Oil prices surged close to US$ 100 per barrel yesterday as major crude producer Russia prepared to send troops into two breakaway regions of Ukraine, sparking Western nations to ready economic sanctions against Moscow.

The deficit in the budget hit an all-time high in January-November 2021 period, as the latest fiscal data showed revenue slippages and expenses over and above what was budgeted and what was spent a year ago.

Sri Lankan shares treaded water yesterday, after falling for four straight sessions, as gains in communication services and energy firms were offset by a drop in technology and utility stocks.

NDB Bank PLC reported strong top line, but the profits slipped in the three months ended December 31, 2021 (4Q21) as the bank made outsize provisions against possible loan defaults and other financial assets although the asset quality had improved.

Sri Lanka is open to discussions with the International Monetary Fund (IMF) and other multilateral lenders for assistance, a Cabinet spokesman said yesterday, as it faces its worst economic crisis in years.

Sri Lanka’s tourist arrivals crossed the 70,000 mark in the first three weeks of February. Provisional data from the Sri Lanka Tourism Development Authority (SLTDA) released yesterday showed that the island nation welcomed a total of 73, 048 touris

Tourism Ministry yesterday requested President Gotabaya Rajapaksa to exempt tourist zones from the scheduled power cuts by the Ceylon Electricity Board (CEB).

Resus Energy PLC, a forerunner in renewable energy, operating a number of small hydropower and ground-mounted solar PV stations in Sri Lanka, recently connected its eighth small hydropower station to the national grid.

Associated Advanced Rubbers (Pvt.) Ltd recently signed an investment agreement with the Board of Investment (BOI) to set up a facility to manufacture advanced rubber material for direct and indirect export.

Reiterating its commitment to transforming Sri Lanka with cutting-edge digital solutions, SLT-Mobitel, the national ICT solutions provider, has partnered with the Department for Registration of Persons (DRP), marking an important milestone in Sri Lan

Lanwa Sanstha Cement Corporation (Pvt.) Ltd, a state-of-the-art cement manufacturing facility that is expected to be one of the region’s largest, is set to commence operations in early March of 2022.

The One Island Thousand Treasures (OITT) campaign was launched yesterday to generate content that would help narrate Sri Lanka’s compelling story to global travellers.

Sunshine Holdings announced the appointment of Ruvini Fernando to the company’s board as an Independent Non-Executive Director, with effect from February 21, 2022. With the new appointment, the board of Sunshine Holdings will be comprised of 10 dir

Leading tech firm Bileeta was recently recognised on an international platform for its recently developed vaccine information management system, at APICTA 2020-21 gala awards.

Tara Watergate Hotel owner Tara Kodituwakkuwas was recently felicitated with the Emerging Entrepreneur of the Year Award, at the annual WIM Awards in recognition of the courageous women in the field of entrepreneurship and management in Sri Lanka.

PGP Glass Ceylon PLC reported its nine-month results as at December 31, 2021, with a turnover of Rs.7,064 million and profit after tax (PAT) of Rs.1,078 million, as against a turnover of Rs.5,961 million and PAT of Rs.694 million in the previous year

Awarded as Sri Lanka’s best supermarket in 2021 by Retail Asia, Softlogic Supermarkets (Pvt.) Ltd continues to inspire the country’s deserving consumer with another one-of-a-kind global supermarket experience with Glomark Thalawathugoda, its 12th

Sri Lanka’s commercial banks gave a record amount of credit to the private sector in 2021, defying the impact of the pandemic and its related vagaries on the broader economy, albeit the growth in the second half of the year somewhat eased compared

The income recorded from tourism for the month of January 2022 has almost doubled from what was initially captured and reported by the Central Bank. In a span of a week, the change in earnings reported has increased by over US $ 100 million.

Sri Lankan shares ended sharply lower yesterday, recording their worst day in over a year amid broad based losses and steep declines in energy, industrial and financial firms.