Singer Mega celebrated its 24th anniversary yesterday. As part of its celebrations, Singer Mega showrooms islandwide will have special anniversary offers across all categories and a host of special activities for both existing and new customers until

Asia Asset Finance (AAF) PLC’s issuer rating was upgraded by ICRA Lanka Limited to [SL]A- from [SL]BBB+, an important benchmark of credit quality for partners and customers. AAF is a 73% owned subsidiary of Muthoot Finance Limited (MFL), which is

Sri Lanka’s reviving tourism sector now has its very own window to share employment opportunities, with the launch of the country’s first and only job site dedicated to the industry.

Wavemaker Sri Lanka, GroupM’s media, content and technology agency, recently clinched a global award at WARC Awards for Media 2021.

The Confederation of Micro, Small and Medium Industries (COSMI) and Centre for International Private Enterprise (CIPE) entered into a memorandum of understanding (MoU) to assist the communities affected by large-scale infrastructure projects in Sri L

Sri Lanka’s hotel sector workers yesterday staged a protest in front of the Labour Department, seeking government intervention in several matters.

A man had filed action against a woman at the Nugegoda District Court on the basis that a defendant woman is defaming the man by way of social media platforms such as Instagram and Facebook.

The capital market operator, the Colombo Stock Exchange (CSE), announced it would revise the index calculation methodology of the All Share Price Index (ASPI) from full market capitalisation-weighting to public float-adjusted market capitalisation.

The Sri Lanka Prosperity Index (SLPI), a measure of the country’s prosperity, inched up in the first year of the pandemic in 2020, the Central Bank of Sri Lanka (CBSL) said.

John Keells Holdings PLC (JKH) has concluded phase one of the private placement with Asian Development Bank (ADB) upon the conclusion of the allotment of 65.04 million new ordinary shares (initial placement shares ) at Rs.154.50 per a share to secure

The government yesterday presented to Parliament the Special Goods and Services Tax (SGST) Bill that is aimed at simplifying the existing tax structure.

The growth in the money supply in the economy has eased in recent months in a sign that the August pivot to monetary tightening has caused some pullback on the fast pace at which the money supply grew since the onset of the pandemic.

State Minister of Aviation and Investment Zone Development D.V. Chanaka yesterday assured there wouldn’t be a shortage of aircraft fuel despite the ongoing fuel crisis in the country due to the foreign exchange shortage.

Sri Lankan shares closed lower yesterday, weighed down by losses in industrial and financial stocks, after an increase in interest rates by the country’s central bank to control inflation failed to lift investor sentiment. The CSE All-Share index e

Iraq topped the list as the largest importer for Ceylon Tea in 2021, pushing Turkey down to second position.

The year 2021 brewed a strong Ceylon Tea cuppa by showing improvements in production, exports, and revenue despite repeated challenges faced by the industry.

Chevron Lubricants Lanka PLC, Sri Lanka’s lubricant market leader, delivered a strong performance in the third quarter last year by substantially regaining its market share from its closest competitors.

Jan Paul Bethke, a leading German importer of Sri Lankan fruits and tea, urged Sri Lankan agri-product exporters to practise effective and superior packaging, if they are to be successful in terms of capturing markets in Europe.

The Council of Palm Oil Producing Countries (CPOPC) recently held a webinar to highlight the importance of promoting good agricultural practices of smallholder farmers in the Asia Pacific, Central Latin America and Africa.

With the view of adhering to globally recognised sustainability practices, New Anthoney’s Farms (Private) Ltd, one of the leading names in the poultry sector, was awarded the prestigious Greenhouse Gas Verification Statement from Netherlands-based

The 12th Annual General Meeting (AGM) of the Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) was held recently.

Despite a growing chorus for a restructuring of Sri Lanka’s outstanding debt, such a move could entail further rating downgrades, as it implies that investors would receive less value than what they were promised when the bonds were issued original

A unit of Access Engineering Group, Access Logistics Park Ekala (Pvt.) Limited, has won a bid to develop a 36-acre logistics and business park mixed development project in Ekala, Ja-Ela, from the Urban Development Authority (UDA).

The Cabinet has cleared a draft bill to amend Intellectual Property Act No. 36 of 2003, which would allow the National Intellectual Property Office (NIPO) to register geographical indications (GI) on products that have specific geographical origins t

Macksons Bathware (Pvt.) Ltd, a unit of Macksons Holdings, has secured a 20-acre land plot in the Raigama Green Industrial Zone on long-term lease to set up a sanitaryware plant, with an investment of Rs.6 billion.

Sri Lanka will build four more flyovers in the Muththettugala railway crossroad and Hiripitiya junction, Pasyala junction, Negombo Maristella junction and Thalawathugoda junction, to reduce traffic congestion, with financing from Hungary.

The year 2022 has started off with a bang for the Maldives tourism sector, as over 24,000 tourists visited the country within the first few days of January.

Ceylon Petroleum Corporation (CPC) has agreed to provide 10,000 MT of diesel to the Ceylon Electricity Board (CEB), which would be sufficient for the generation of electricity for eight days, potentially averting the power cuts that were supposed to

Microsoft’s US $ 69 billion deal to buy video game powerhouse Activision Blizzard is expected to win out with regulators despite vows in Europe and the United States to rein in tech titans.

Sri Lankan shares inched higher yesterday as communication services and real estate companies rose, although weakness in the energy sector limited gains.