Prime Minister Mahinda Rajapaksa will declare open today the newly-constructed apron and taxiway constructed as part of the Bandaranaike International Airport (BIA) Expansion Project.

Melwa Hotels and Resorts (Pvt.) Ltd is set to infuse further US $ 52 million to expand the room capacity at Hilton DoubleTree Hotel, in Negombo.

Having recorded a whopping post-tax profit of Rs.53 billion, LOLC retains the number one spot in the 28th edition of the LMD 100 as Sri Lanka’s Most Profitable Listed Company in 2020/21.

Kuwait Airways Corporation (KAC), the national carrier of the State of Kuwait and the world’s five-star airline, announced yesterday that it intends to double its capacity in and out of Colombo from December 5, 2021, as part of a strategy for resto

ACL Cables PLC reported strong top and bottom line figures for the three months ended in September, as the company rode on a wave of robust growth in the construction sector activity in both the infrastructure and commercial development spheres.

The Commercial Bank of Ceylon PLC was declared Sri Lanka’s ‘Best Corporate Citizen’ in 2021 by the Ceylon Chamber of Commerce (CCC) recently, achieving the pinnacle of recognition for sustainability and good corporate citizenship in the country

JAT Holdings PLC recently announced the appointment of Nishal Ferdinando as the newest member of the company’s Board of Directors.

BMICH, Sri Lanka’s most recognizable and iconic landmark together with the Sri Lanka Association of Professional Conference, Exhibition & Event Organizers (SLAPCEO) announced that they have implemented all safety guidelines recommended by the healt

Stax has announced strategic investment by Blue Point Capital Partners, which will accelerate geographic expansion, growth and learning opportunities for talent, and enhancements to its core offerings around data/analytics, commercial due diligence,

The second phase of the expansion of the Bandaranaike International Airport (BIA) in Katunayaka will be officially declared open tomorrow (25 November).

Sri Lanka’s aviation traffic will increase further in the coming weeks with four new airlines gearing up to launch direct flights to the country from December.

Sarvodaya Development Finance’s (SDF) Initial Public Offering (IPO) to raise Rs.1 billion, which opened yesterday on the Colombo Stock Exchange (CSE) was oversubscribed the same day.

The local startup sphere came under fresh spotlight as Sri Lankan co-working space, start-up incubator and accelerator Hatch was recognised as ‘The Best Co-Working Space’ in the world at the Global Startup Awards 2021.

Award-winning co-working space Hatch is looking to expand its footprint, both within the country and overseas, so that an increasing number of start-ups can capitalise on the platform.

Commercial Bank of Ceylon PLC won the coveted ‘Best Corporate Citizen Sustainability Award 2021’ at an annual event organised by the Ceylon Chamber of Commerce to recognise sustainable champions of the local corporate world.

Sri Lankan shares rose more than one percent for a second straight session yesterday, driven mostly by gains in financial stocks.

The COVID-19 integrated home-based care solution, conceptualised and implemented effectively by the Health Ministry, announced successful administration of care to over 100,000 home-quarantined COVID-19 patients last week.

CFA Society Sri Lanka rang the Opening Bell to commence trading at the Colombo Stock Exchange (CSE) yesterday to celebrate its 20-year anniversary.

Virtusa, a global provider of digital strategy, digital engineering and IT services and solutions, announced Sri Lanka’s inaugural Inter-University SRE Hackathon, the first national level TechOps competition focused on Site Reliability Engineering

Sri Lankan global HR software solutions provider hSenid Business Solutions successfully concluded its investor forum yesterday, ahead of its IPO, which is due to open on December 3, 2021.

Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) Past President Nishan Fernando made history yesterday, when he became the first Sri Lankan to Chair the Asian-Oceanian Standard-Setters Group (AOSSG), a regional organisation tasked with

John Keells Holdings PLC (JKH) yesterday announced plans to raise US $ 80 million via a private placement to the Asian Development Bank (ADB) by issuing up to 122.5 million new ordinary shares of the company to fund the investment plans of its superm

Capping off a year of record-breaking export-led growth, both Lanka Monthly Digest’s (LMD) Top 100 and Business Today Top 40 have ranked Hayleys PLC as Sri Lanka’s number one corporate for 2020-21.

In an effort to strengthen the weak social safety network, Labour Minister Nimal Siripala de Silva has announced plans to introduce a new mandatory insurance scheme for migrant workers, with a maximum converge of US $ 15,000.

The government’s organic fertiliser pivot hasn’t entirely lifted the country out of subsidy culture, in which the agricultural community is entrenched with for decades but it provides the necessary stop-gap measure to ensure undisrupted farming a

Sri Lanka’s national headline inflation, as measured by the year-on-year (YoY) change in the National Consumer Price Index (NCPI), rose to 8.3 percent in October, from 6.2 percent a month ago, the Central Bank said, based on the data prices gathere

Sri Lanka’s producer prices jumped to the highest level in five months in September, as the manufacturers across broader industries had to contend with myriad issues stemming from the global commodities prices boom, worsened by the supply chain cru

The Event Management Association of Sri Lanka applauded the government’s decision to allocate Rs.500 million in the next year’s (2022) budget to compensation for the losses incurred during the pandemic.

The inauguration of new bridge across Kelani River in Peliyagoda is scheduled to be held on November 24, 2021, with the participation of the President, Prime Minister, Ambassador of Japan in Sri Lanka, Chief Representative of JICA Sri Lanka Office an

Sri Lanka’s largest textile manufacturer Teejay Lanka PLC has announced the achievement of an 81 percent reduction in greenhouse gas (GHG) emissions from the disposal of sludge waste, after one year of sustained operation of industry best practices