Sri Lankan shares hit fresh record highs at close yesterday, helped by gains in financial and consumer stocks.

The Colombo Stock Exchange (CSE) has decided to push back the proposed listing of Laugfs Gas PLC’s former subsidiary Laugfs Eco Sri Limited until the legal battle between the company and Commissioner of Motor Traffic (DMT) is finalised.

In an effort to break the vicious cycle stemming from the COVID-19 pandemic that can result in further scarring on businesses and households in the near term, the Central Bank of Sri Lanka (CBSL) yesterday asserted it is imperative for the government

Dipped Products PLC’s profits declined in the three months to September, ending more than a year-long streak of robust top and bottom line performances set off at the initial stage of the pandemic, as the supply returned with the capacity expansion

Capital Alliance Limited (CAL) has announced its intentions to list on the Colombo Stock Exchange, by way of an equity initial public offering (IPO). It will be the first standalone non-bank primary dealer to debut on the CSE.

Lion Brewery (Ceylon) PLC (LION) reported subdued financial performance for the three months to September (2Q22), as the beer maker had to contend with the prolonged lockdowns, which erased nearly a month-long sales amid the soaring commodities price

Teejay Lanka PLC has built on its robust first quarter performance in the second quarter of 2021-22, helped by strong demand for fabric from strategic customers, due to the changing dynamics of the global market, increased capacities and depreciation

Taprobane Seafoods, Sri Lanka’s largest and most integrated seafood company, yesterday announced its partnership with Atman Group.

Hatch in collaboration with the US Department of State recently announced ‘AccelerateHER‘, Sri Lanka’s first accelerator programme for female founders and a gender-based awareness-raising initiative, aimed at developing women entrepreneurs with

The Ceylon Chamber of Commerce will organise a virtual session on Analysing the National Budget 2022 on November 15, starting at 9:30 a.m.

LOLC has been listed amongst the LMD ‘Hall of Fame’ of the Most Respected Entities for 2021. The award was recently presented to LOLC Group Managing Director/CEO, Kapila Jayawardena by Hiran Hewavisenti, Editor-In-Chief of LMD. The globally dive

The 11th of November 2021 is nearly upon us and with it, the biggest one-day sale of the year, hosted by Daraz is back! This fast-growing e-commerce platform consistently proves its efficiency in catering to customers across the country and the 11.11

SLT-Mobitel signed a Memorandum of Understanding with The Creative Isle (Pvt) Limited (TCI) recently to create a virtual interactive marketplace for micro and small-scale entrepreneurs.

On October 21st, Lyceum International schools took another step ahead by opening a whole new space for education for Pre-Primary level Lyceumers in Kegalle.

The youngest brand in Sri Lanka’s modern trade fraternity, Softlogic Glomark won big at 2021 Retail Asia Awards recently, winning the ‘Supermarket of the Year – Sri Lanka’ and ‘Digital Innovation of the Year – Sri Lanka’ awards for revo

Dilmah Ceylon Tea Company PLC has been selected – for the 4th consecutive year - as one of the 10 Most Admired Companies in Sri Lanka, for performance beyond convention and creating value for shareholders, customers, employees and the wider communi

Sri Lankan shares dropped more than 2 percent yesterday, hurt by weakness in financial and industrial stocks.

High net worth investor Nimal Perera was among the top 10 shareholders of Nestle Lanka PLC as at September 30, 2021, with its third largest shareholder, Norges Bank exiting the top 20-shareholder list of the company.

Bank of Ceylon (BOC) majority stake owned, public quoted Merchant Bank of Sri Lanka & Finance PLC (MBSL) achieved a significant milestone by raising Rs. 2.1 billion through a rights issue.

Tourism Minister Prasanna Rantunga said 9,545 foreign tourists visited Sri Lanka last week.

PwC yesterday presented its latest assessment of Port City’s economic impact to the Economic Commission. The assessment evaluates the potential impact of Port City Colombo across five key macroeconomic variables—employment, GDP, FDI, balance of p

Sri Lanka Telecom PLC reported stellar top and bottom line performance for the three months to September (3Q21) as the telecommunications services juggernaut was riding on the wave of demand for data and other digital services set off by the pandemic

The Sri Lanka Export Development Board (EDB) in collaboration with the Sri Lanka Embassy in China and Sri Lanka Consulate General in Shanghai has made arrangements to organise Sri Lanka’s participation at the fourth China International Import Expo

World Bank Vice President for South Asia Hartwig Schafer yesterday concluded a six-day visit to Sri Lanka, reiterating the World Bank’s commitment to support Sri Lanka’s inclusive and resilient recovery from the COVID-19 pandemic and emphasising

MTI Consulting, led by its CEO Hilmy Cader, is in Kigali this week to launch its East African operations, whilst working on nationally strategic consulting projects for Rwanda.

Following the success of last year’s budget event, Verité Research will be hosting an expert commentary on the budget speech immediately after it has been presented to Parliament on November 12.

Sri Lanka is slated to witness a boost in the number of tourists this winter season, as Poland is gearing up to contribute to the tourist traffic starting December 7.

Prime Lands Residencies PLC reported robust sales and profits for the three months to September, its second fiscal quarter, as the company is riding on the strong demand for real estate and housing.

The prices of residential lands in Sri Lanka are soaring to what appears to be unsustainable levels amid strong demand, leaving many first-time buyers by the wayside or making them wait longer before they could afford basic housing.

Cargills (Ceylon) PLC saw its revenues slip in the three months ended on September 30, 2021,