John Keells Holdings PLC (JKH) yesterday said the staff issues at Cinnamon Bey, Beruwala have been resolved and the five-star property is back in business.

Sri Lanka’s construction sector and the complementary real estate activities lost steam during the third quarter ended in September from a five-year high growth recorded by the former in the preceding quarter partly due to the high base effects in

A booster dose of Johnson & Johnson Inc’s single-dose COVID-19 vaccine was 84 percent effective at preventing hospitalisation in South African healthcare workers who became infected as the Omicron variant spread, researchers said yesterday.

Apple has placed an iPhone factory in southern India “on probation” following protests over food poisoning and living conditions.

Sri Lankan shares closed higher yesterday as strong gains in the consumer discretionary sector countered losses in energy stocks.

Opposition lawmaker Harsha de Silva called the Central Bank’s (CB) claim of gross foreign exchange reserves reaching US $ 3.1 billion as merely window dressing.

The global foreign direct investment (FDI) position witnessed an expansion of US $ 2.2 trillion in 2020, when compared with 2019, an increase led by Europe and the Asia Pacific region.

Sri Lanka is gearing up to welcome an increasing number of tourists from Ukraine, with SkyUp Airlines having once again launched a charter programme to the island nation.

The COVID pandemic triggered a 71 percent drop in international flights in and out of the UK in 2021, says a new report. About 406,060 international flights operated from the UK this year, compared with 1,399,170 in 2019 before travel was restricted

Sri Lankan shares closed little changed yesterday, after logging two straight sessions of losses, as gains in consumer discretionary and staples offset a drop in energy stocks.

The strength of the condominium market, measured by way of the quarterly sales of apartment units, recovered in the three months to September 2021 from a pandemic-induced slump seen in the previous three months as well as from the same period in 2020

The total outstanding public debt has increased slightly under Rs.2.0 trillion during the first nine months, as the cash-strapped government had to borrow more since the country was hit with multiple waves of coronavirus since April this year, hobbli

SDB bank Chief Executive Officer (CEO) Thilak Piyadigama has obtained an enjoining order from District Court of Colombo preventing any attempts of him getting suspended or terminated from the bank.

The Securities and Excchange Commission (SEC) and the Colombo Stock Exchange (CSE) have formed a joint committee to set up a Central Counterparty (CPP), which is enabled under the the new SEC Act which came into force on September 19, 2021.

The way in which the Covid-19 pandemic has developed over the closing weeks of the year gives reason for concern and to once again put public health above everything else, United Nations World Tourism Organisation (UNWTO) said.

Sri Lankan shares ended lower for a second straight session yesterday, dragged down by financial and healthcare stocks.

The Treasury has been requested by a committee set up to look into State Owned Enterprises (SOEs), including key utilities such as power, energy and water, to suspend State assistance, potentially opening the path to end the reliance on tax payer fun

Bangladesh Bank (BB) has extended the validity of the credit facility it extended to Sri Lanka by three months after the expiry of the first three-month tenure of the credit facility.

The shares of Myland Developments Limited commenced trading on the Colombo Stock Exchange (CSE) yesterday.

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) continued to play a catalyst role in not only developing the professionals’ standards across the country, but by also spearheading a range of new initiatives aimed at supporting Sma

The Secretary General of Joint Apparel Association Forum (JAAF) Tuli Cooray has urged all members to ensure their employee’s Covid-19 vaccination is saved in ‘digital format’ and present them as ‘proof of vaccination’ whenever required.

Evergreen Group situated in Horangalla, Thalgaswela in Galle district produced and sold the highest quantity of tea for a group in Sri Lanka in the year 2021 selling 12,426,411 kg.

Sri Lanka has welcomed a total of 69,941 tourists in the first 26 days of December, bringing the total number of arrivals to 174,930 for the year so far.

Meanwhile, the immediate parent of Browns Investments PLC (BIL), Brown & Company PLC, yesterday said it is planning to raise up to Rs.5 billion through a debenture issue.

Browns Investments PLC (BIL), a unit of LOLC Group, yesterday said it completed the acquisition of two plantation companies owned by the James Finaly group, which was announced last week.

With the exorbitant market prices of the required fertilisers driving the tea plantations into financial turmoil, the government has decided to provide 40kg of fertilisers for each 100kg green tea leaf produced at a fair price for an interim period,

As the issue of food insecurity grapples the world, Sri Lanka ranks alongside India on having the highest child wasting in South Asia, the latest regional overview on food and nutrition by the Food and Agriculture Organisation of the United Nations (

In what is seen as the latest move to extend relief to the pandemic-affected borrowers, the Central Bank has asked the banks to extend the pause on the recovery actions on loans and leases till March 31, 2022.

Sri Lanka, which saw decade-high prices in November amid supply chain issues and excessive money printing, is now risking wage-spiral inflation, as workers are going on strike demanding higher wages to fight against the soaring prices.

D. Samson Industries (Pvt.) Ltd (DSI) recently received the patent rights (Patent No. 19992) for its new category of footwear for the first time in Sri Lanka, including its latest innovation – the common flip-flops with a new trendy look that have