The local tea sector braved through the challenges stemming from the pandemic to record an “excellent performance” in 2021; however, more focused efforts are required to sustain the momentum in 2022, as regional competition gets aggressive, the

The stock market commenced trading in 2022 with a bang, as the benchmark index recorded its highest single-day gain while the daily turnover topped Rs.9.5 billion.

Sri Lanka’s oldest finance company Alliance Finance Company PLC (AFC) has secured a US $ 5 million medium-term financing facility from impact investing fund EMF Microfinance Fund AGmvK, Liechtenstein, advised by Swiss-based Enabling Qapital S.A.

The Colombo District Court has delivered a judgment in favour of the defendant parties regarding a property in Colombo that was derived by right of long and prescriptive possession.

The Central Bank has revised the earlier rule, which set maximum interest rates on mortgage-backed housing loans, effective from January 1, 2022, considering the rising interest rates in the economy and the current and expected macroeconomic developm

DFCC Bank ushers in the New Year with the appointment of new Chief Executive Officer Thimal Perera who took over the reins from the 01st of January 2022.

Among the records made last year—most of which didn’t necessarily bring in a sense of achievement—was the record phase at which money was printed, as the Central Bank, influenced by the Modern Monetary Theory (MMT), flooded the markets with liq

Public Utilities Commission of Sri Lanka (PUCSL) is calling for qualified consultants who could investigate the reasons for the woeful financial situation of the Ceylon Electricity Board (CEB) and to propose how to introduce reforms to the country’

John Keells Group (JKH) is seeking an extension from the Central Bank to reduce its shareholding in Nations Trust Bank PLC (NTB).

Credit to the private sector recovered in November from October lows indicating that the economy is on a recovery phase after the end of mobility restrictions, while the private sector is also beginning to spend to meet the strong demand coming throu

Chamal Jayaratna, Sri Lanka’s award-winning jewellery and watch designer, has won the Luster Award for Foam and Pearls Earring, at the 2021 International Pearl Design Competition (IPDC) USA, organised by the Cultured Pearl Association of America

Exterminators Limited, Sri Lanka’s premier environmental enhancement solutions provider, announced the appointment of Dr. Nihal Attygalle and Ajith Kumara as Non-Executive Independent Directors of the company’s board of directors.

Brilliant Cuts (Pvt.) Ltd gets recognised by the South Asian Partnership Summit, as the company wins the Best Woman Leadership Excellence in Entrepreneurship Award 2021, under the women leadership category and the Export Management Sector Excellence

Kapruka, the pioneering e-commerce platform that has evolved into Sri Lanka’s largest locally owned global e-com platform, announced its plans to launch a ‘used goods marketplace’ a as fully-owned new sub-brand – Soldout.lk.

Sharing the flavours of Sri Lanka, combined with Ceylon Tea in a carefully crafted tea inspired menu, the t-Lounge by Dilmah is centrally located at Pullman Dubai Creek City Centre.

A 28-member business delegation from Hungary will arrive in Sri Lanka on January 12, to explore trade and investment opportunities in Sri Lanka.

The Pathfinder Foundation produced a Report ‘Pathfinder Beyond the Box; a New Economic Vision for post-Covid Sri Lanka’, which was presented to senior policy makers and made available to the public in May 2020.

Brombil tea factory situated in Pelawatte in Kalutara district has produced and sold the highest quantity of tea for a factory in Sri Lanka in 2021 with 3,834,290 kgs.

The Japan Sri Lanka Technical and Cultural Association (JASTECA), established as an alumnus of the Association for Overseas Technical Scholarship (AOTS), held its 35th Annual General Meeting on November 27th at Galadari Hotel Colombo.

A gentle Christmas rally normally seen in prices every December turned into a blowout in December 2021, as inflation in Colombo soared to a 12-year high.

DIMO, a leading diversified conglomerate in Sri Lanka, recently introduced the all-new Komatsu PC210-10M0 excavator to Sri Lanka.

People in Colombo were seen yesterday purchasing fireworks to welcome the year 2022, despite the hardships currently they are undergoing, due to the surge in consumer prices and shortages of cooking gas and certain food items. However, firework vendo

The Colombo Commercial High Court has issued interim orders against the directors of Asiabike Industrial Limited, who have allegedly mismanaged the funds of the company referred to in the petition.

Oil analysts have lowered their price forecasts for 2022 as the Omicron coronavirus variant poses headwinds to recovering fuel demand and risks a supply glut as producers pump more oil, a Reuters poll showed yesterday.

Telecommunications Regulatory Commission of Sri Lanka (TRCSL) Director General Oshada Senanayake has tendered his resignation.

Ukrainian SkyUp Airlines made its first flight from Kyiv, the capital of Ukraine, to Hambantota Mattala Airport on December 28, 2021.

The shares of LOLC General Insurance (CODE: LGIL-N-0000) commenced trading on the Colombo Stock Exchange (CSE) yesterday.

The local plantations sector welcomes the new year with hopes and positivity, even though the year 2021 was one of many challenges, due to the abrupt policy decisions made by the government.

Despite the sky rocketing cost of living, cooking gas related explosions and massive shortages of certain commodities amid the foreign exchange crunch,

The Central Bank yesterday issued fresh instructions to be followed by licensed commercial banks and the National Savings Bank when determining what the maximum interest rates on foreign currency denominated deposits would be, effective from today (D