UB Finance Company Limited managed to get its lending and deposit caps lifted after its two key shareholders, Union Bank of Colombo PLC (UBC) and Shorecap II Limited together injected fresh capital worth Rs.2.0 billion in October via a rights issue.

Sri Lankan shares clocked a fifth consecutive record closing high yesterday, boosted by a surge in industrial stocks.

Browns Investments PLC (BI), the strategic investment arm of the LOLC Group this week disposed its entire stake of 20 percent in Sierra Construction Ltd. and Sierra Holdings Ltd.for a total consideration of Rs.3.27 billion while acquiring assets wort

Access Engineering PLC (AEL), Sri Lanka’s premier construction enterprise, is nearing the completion of a housing project in Bloemendhal, Colombo 14, which is expected to be completed later this month.

Sri Lanka’s largest and leading cement manufacturer is powering the local construction industry’s steady recovery with a portfolio of value-added services,

Galle Face Properties Ltd, a subsidiary of conglomerate Renuka Holdings PLC, recently partnered with Sampath Bank PLC, as the exclusive project funding partner for the development of the Galle Face Icon, a 30-storey building with grade A office space

Leema Creations, the most celebrated interior solutions provider in Sri Lanka, recognised by the industry in Sri Lanka and overseas during the past decade, has proven once again that it has reached the pinnacle of excellence in the interior industry

Mahendra Engineering (Pvt.) Ltd, a pioneer in providing architectural and structural designs, bills of quantities (BOQs), valuations and all types of other engineering services, reaffirms its excellence by winning the Businessman of the Year Platinum

Guththila Strategic Solutions has carved a distinctive niche in the industry for its single-minded pursuit of excellence in advertising: infusing a realistic, practical, grassroots-oriented approach to creativity, producing advertising, which connect

MediaInc., a cutting-edge initiative aimed at creating ‘positive disruption’ in Sri Lanka’s media space, has finalised its first cohort: three innovative start-up media outlets that will receive comprehensive support in implementing their ideas

With a view to incentivise the adoption of battery systems in rooftop solar systems, the Cabinet nod was granted this week to introduce a new tariff system for the rooftop solar sector, to enhance the reliability in electricity supply.

The Colombo District Court recently has issued an injunction order preventing YouTube LLC, the parent company in California and Colombo Today (YouTube channel), from publishing defamatory videos on YouTube that could tarnish the reputation of the Rus

Global leader in algorithmic customer engagement, Algonomy revealed its plans yesterday to acquire Sri Lanka tech firm Linear Squared.

Sri Lanka-headquartered Hela Apparel Holdings Limited, the holding company of Hela Clothing Group, eyes to benefit from Egypt’s strategic location, as it prepares to officially commence shipments from this month from its latest manufacturing facili

Sri Lankan shares recorded their fourth straight session of all-time highs yesterday, lifted by a rally in financial and industrial stocks.

The shares of Kapruka Holdings Limited will commence trading on the Main Board of the Colombo Stock Exchange, under the code ‘KPHL’, tomorrow, Friday 7, 2022.

LOLC Holdings yesterday said the two group finance companies, LOLC Finance PLC and Commercial Leasing & Finance PLC, would be merged under the Central Bank’s master plan of non-bank financial institution consolidation.

Asia Securities has become the first ZeroCarbon certified investment services firm in Sri Lanka. This major milestone is a result of the firm’s deep commitment to the future of its community and decisive management actions to significantly reduce t

Auto Miraj, which is an automobile services provider in Sri Lanka and in UK, has diversified into hotel business in Sri Lanka.

Mattakelle Estate located in Talawakelle which is renowned for producing high quality teas established an all-time record at the first tea auction for the year 2022, held on 5th January by securing anattractive price of Rs.1,200 per kg for a Dust1 gr

The government plans to sign an agreement with India to jointly operate the Trincomalee Oil Tank Complex with Lanka IOC PLC next week following Cabinet approval this week.

The Central Bank has yet again raised the ceiling rate of term deposits offered by finance companies after Treasury bill yields started adjusting upwards lately as such deposit rates are tied to 1-year Treasury bill rate.

Sri Lankans continued to lose jobs in the third quarter through September 2021 while some gave up on looking for jobs after the pandemic and its associated economic downturn pushed scores of people into the sidelines, deepening the skill shortages fa

President Gotabaya Rajapaksa is likely to appoint a Cabinet-level negotiation committee to hold discussions with ‘friendly countries’ seeking financial assistance ahead of the country’s external debt repayments this year.

Macksons Holdings, the manufacturer of Multilac paints and Macktiles floor tiles, yesterday became the first private sector company to announce a salary hike for its employees in line with the government’s relief package announced on Monday, which

Sri Lankan shares hit an all-time high yesterday, and marked their fifth straight session of gains, boosted by financial stocks.

ICTA, in partnership with industry partners FITIS, SLASSCOM, BCS and CSSL and National Partners Export Development Board and Board of Investments, will be hosting the inaugural National Digital Consortia, from January 10 to 13, 2022.

The 12th edition of the Jaffna International Trade Fair (JITF), a mega trade fair, will be held in the heart of Jaffna this January 21, 22 and 23.

As Sri Lankan migrant workers flock to informal remittance channels with the growing gap between the official exchange rate and black and grey market exchange rates, Labour Minister Nimal Siripala de Silva urged the government to offer Rs.240 per US

Credit card spend, a proxy for the spending pattern of mostly the urban consumer, continued to gain more momentum in November, after a sharp upsurge recorded in October, which corresponded with the easing of virus-related restrictions.