The Supreme Court yesterday permitted respondent parties including the Attorney General and Finance Minister to file objections against several Fundamental Rights petitions filed challenging the legality of the Cabinet memorandum that authorised to e

The International Trade Administration Agency under the United States (U.S.) Department of Commerce (DoC) has launched an investigation into certain steel nails imports from Sri Lanka and a few other countries violating anti-dumping (AD) and counterv

Sri Lanka Shippers’ Council (SLSC) yesterday joined the chorus calling the government to urgently resolve the issues faced by businesses in carrying out day-to-day business activities as there is no indication​ as yet to how the ongoing challenge

Veteran corporate leader Roshanie Jayasundera Moraes joined the board of directors of Kelsey Developments PLC, a member of the Janashakthi group, as an Independent Non-Executive Director, with effect from January 10, 2022.

Efforts are underway to bring back Sri Lanka’s lost coffee industry with private sector stakeholders, together with the government assistance looking to bring specialty coffee, produced, processed and value added in the country, under fresh focus.

The Association of International Marketing Graduates in Sri Lanka (AIMGSL) is scheduled to host the AIMG CEOs’ Breakfast Forum on February 2, 2022, at Earls Court, Cinnamon Lakeside Colombo, with the overarching theme and focus of the event to be

Talal Rafi will be giving a guest lecture on the topic ‘How can SMEs and start-ups navigate the post-pandemic business environment’, at the Central Bank of Sri Lanka on February 7.

Veteran journalist Saroj Pathirana was appointed as an advisor to Verité Media in January 2022.

Business Magnates, a meeting of the finest business minds organised by Hashtag Media, powered by CIMA Sri Lanka, successfully concluded recently at The Kingsbury Colombo.

The BMICH, Sri Lanka’s most recognisable and iconic landmark, recently won the prestigious BWIO Platinum Award of Honour for the Most Outstanding Service Excellence Organisation for the Year 2020, in the large venue facilitators category.

Flexiprint (Pvt.) Ltd, Sri Lanka’s pioneer manufacturer of tea bag tags, tagged pyramid tea bag mesh and envelopes for the tea manufacturing industry and labels for FMCG and other industries,

Hela Apparel Holdings, the holding company of Hela Clothing Group, made history this month with the successful oversubscription of the largest initial public offering (IPO) in the past decade.

Premier diversified blue-chip John Keells Holdings PLC delivered strong top and bottom line performances for the three months ended on December 31, 2021 (3Q22), as the performance of the group’s all business segments reached near pre-pandemic level

A new board of directors has been appointed for the country’s apex investment promotion body, the Board of Investment (BOI), Mirror Business learns.

The Sri Lanka Tourism Development Authority (SLTDA) entered into memorandums of understanding (MoUs) with eight government agencies yesterday, to speed up the approval process of tourism investment projects.

The Inland Revenue Commissioners Association yesterday filed a Special Determination petition in the Supreme Court, challenging the constitutionality of the bill titled Special Goods and Services Tax.

Main Opposition Samagi Jana Balawegaya (SJB) yesterday filed legal action against the proposed Special Goods and Services Bill (SGST), MP Kabir Hashim said.

Luminex Limited, a multifaceted engineering company with 35 years of operations has announced its plans to be listed on the CSE, subjected to regulatory approvals.

The Sri Lanka Institute of Nanotechnology (SLINTEC) has commenced research and development activities to develop an ammonia-based refrigeration technology to expand Sri Lanka’s cold storage capabilities, potentially saving US $ 200 million per annu

Amana Bank has appointed Imtiaz Iqbal as its Chief Operating Officer (COO) with effect from 1 January 2022.

LOLC Investment Holdings Two (Pvt.) Ltd, a subsidiary of LOLC Group has secured a land block located on Cotta Road in Rajagiriya on long-term lease basis to develop a mixed development project with an investment of Rs.13 billion.

The government has decided not to pursue the proposed US$ 3.6 billion fuel credit line with Oman due to certain conditions in the agreement.

The government is contemplating on clearing legal barriers in granting Ceylon Electricity Board (CEB) to directly import fuel to power the thermal power plants in order to avoid future power cuts.

Sri Lanka’s November trade deficit fell amid stronger exports, which outpaced a soaring import bill due to higher global commodities prices, in particular the price of oil and the higher demand set forth with high amount of liquidity made available

The Cabinet nod has been granted to the Finance Ministry to enter into agreements on double taxation and tax evasion on income tax avoidance with India, Turkey and the Czech Republic.

The government has decided to allocate Rs.40 billion to compensate paddy harvest losses incurred by 1.04 million farmers in the 2021/2022 Maha season due to the ban on chemical fertilisers and agrochemicals.

Ceylon Cold Stores PLC turned around its performance in the quarter ended in December after a brief sales decline in the previous quarter which swung the company into a loss as the ending of lockdowns and the brisk pace of the demand helped the compa

Sri Lanka’s power sector regulator Public Utilities Commission of Sri Lanka (PUCSL) expects the Ceylon Electricity Board (CEB) to submit a fresh Long-Term Generation Expansion Plan (LTGEP) in compliance with the government’s renewable power gener

The renewable energy developers in the country yesterday called on the government to support the sector by turning the promises made into action, since the only solution to Sri Lanka’s ongoing power crisis is to increase the contribution of renewab

Singer’s long-standing history in Sri Lanka started in 1877 as a simple sewing machine company. Today, Singer has grown to be a pioneer in the consumer durable market boasting a product portfolio of over 600 electronic items and 1200 home appliance