PGP Glass Ceylon PLC reported lower profits in the three months to September as the company saw impaired revenues in both domestic and export markets,

The government was called on by Confederation of Micro, Small and Medium Industries Sri Lanka (COSMI) to refrain from experimenting economic theories and models on the business community,

Sri Lanka’s crippled tourism sector that is struggling to stay afloat is “very disappointed” in the statement made by Finance Minister Basil Rajapaksa and feels “hammered down” by the government especially at a time when some stimulus is ne

The Cabinet of Ministers green-lighted to publish the updated version of the draft Private Data Security Bill in a gazette notification and to table it in Parliament for approval.

Industrial stocks powered Sri Lankan shares to a record closing high yesterday, a day after the main index crossed the 11,000 level for the first time.

The Cabinet cleared the path for the Sri Lanka Posts Department to secure the required office infrastructure by implementing multi-purpose projects on a public-private partnership (PPP) basis within the lands allocated for the department, while reduc

Sunshine Holdings PLC reported robust revenues and profits for the three months to September, as the conditions favoured its healthcare cluster while the agri-business benefitted from higher palm oil net sales average.

The government assured that the country has sufficient stocks of petroleum oil while cautioning that panic buying may lead to short-term shortages at fuel stations.

Flexicare Lanka, a fully-owned subsidiary of Flexicare Group, UK, has set up a state-of-the-art modern manufacturing facility in Bandaragama, with a total investment of over US $ 15 million.

Sri Lanka’s hard-hit tourism sector has received investments amounting to US $ 101 million in the last nine months, despite the COVID-19 pandemic, of which 22 projects worth of US $ 92 million have received the nod to kick off, Tourism Minister Pra

Prime Minister Mahinda Rajapaksa ceremonially opened the Kandy New Wastewater Management System yesterday in the presence of Mizukoshi Hideaki,

Reviving the ailing gem industry will help increase exports and contribute generously to the country’s dwindling dollar reserves, says Sri Lanka Gem & Jewellery Association (SLGJA).

Kapruka, Sri Lanka’s largest locally owned e-commerce enterprise with a global presence, recently welcomed two new members to its Director Board.

The upcoming Sri Lanka Economic Summit 2021will host a lineup of contemporary dialogues under this year’s theme ‘Springboard for revival: Opportunity to reset’. Day two of the event will feature a session dedicated to ‘Resetting the Export P

Recent years have seen a significant rise in the number of start-ups being established within Sri Lanka, resulting in the creation of a burgeoning sector that many of the country’s business experts regard as an essential factor that would drive the

Colombo Port City which has already attracted a few investors, is set to lead Sri Lanka’s economic resurgence in the near future, its Executive Project Management Director Raja Edirisuriya said.

SriLanka@100, a private sector-led business development platform supported by the United States Agency for International Development (USAID), announced its third round of applications for mid-market companies looking for business advisory services to

The shares of Lanka Credit and Business Finance Limited (LCB), which commenced trading on the Colombo Stock Exchange (CSE) yesterday, closed 10 percent above the issued price after opening double the IPO price.

The Colombo Stock Exchange’s (CSE) benchmark All Share Price Index (ASPI) surpassed 11, 000 points for first time yesterday and closed at 11, 008.33 largely due to increased investor play on illiquid shares, which the CSE said would be dealt with e

The Cabinet of Ministers had held extensive discussions on the pros and cons of seeking International Monetary Fund (IMF) assistance amid a worsening foreign exchange crisis, which has resulted in difficulties in importing fuel, cooking gas and other

National Development Bank PLC’s debenture issue to raise Rs. 8.0 billion via Basel III compliant listed, rated, unsecured, subordinated and redeemable debentures oversubscribed within hours from opening the issue, yesterday.

The Cabinet nod has been granted to recognise the country’s cinema trade as an industry officially with a view to promote and gain international recognition for the sector.

Singapore Airlines (SIA) yesterday announced the resumption of daily services between Colombo and Singapore, increasing flight frequencies to seven times weekly from five weekly flights.

Sri Lanka’s manufacturing and services activities measured by the Purchasing Managers’ Index (PMI) gained substantially in October after the economy was unshackled from the remaining virus-related restrictions from the beginning of the month givi

The Cabinet nod has been given to implement tourism promotion programmes in main tourism source markets of United Kingdom, Germany, France and India targeting 2021/2022 tourist season as an add-on act to the global tourism promotion programme.

The National Chamber of Exporters of Sri Lanka is organizing the post budget forum, to be held today (17) from 3.00 p.m. onwards.

National Chamber of Commerce of Sri Lanka (NCCSL)in a statement yesterday recognized the efforts of the government to signal all the stakeholders that they are in a path towards managing fiscal space by estimating budget deficit for 2022 in single di

Sabry Bahaudeen representing Classic Travel (Pvt) Ltd was unanimously elected as President of the Travel Agents Association of Sri Lanka (TAASL).

The hospitality industry which had been historically male-dominated, for the first time in the association’s history appointed Gitanjali Chakravarthy Haaland as the Vice President at its AGM coinciding with the 50th golden anniversary of Ceylon Hot

Vivya, the first-ever Sri Lankan heirloom rice-infused skincare solutions range, is poised to enter in the South Asian market and beyond.