Sumathi Holdings, a large and extensively diversified business conglomerate in Sri Lanka, began its monumental journey soon after Sri Lanka received independence in 1948. Backed by a rich history and heritage, U.W. Sumathipala & Sons was the brainchi

A bold new venture seeks to revolutionise Sri Lanka’s tender and procurement system by automating the buyer-seller experience and easing the disruptions caused by the COVID-19 pandemic.

Sri Lanka received the highest monthly tourist arrivals of 5,040 in August so far this year, amid relatively eased COVID-19-related restrictions globally and locally, aggressive vaccination drive and growing consumer confidence.

CNN: Sri Lanka and Jamaica in the Caribbean are now among the highest-risk destinations for travellers, according to the US Centres for Disease Control (CDC) and Prevention’s travel advisories list, which was updated on Tuesday.

The options to raise funds via Panda and Samurai bonds remain still open for Sri Lanka to shore up its foreign reserves, which fell to more than 11-year lows in July, before recovering last week after receiving US $ 1.2 billion in fresh inflows from

Sri Lanka yesterday saw the launch of its first-ever national ‘technovation’ programme ‘10,000 Ideas’, an effort that is aimed at connecting entrepreneurs to the larger entrepreneurship ecosystem.

Sri Lankan shares slumped for a third straight session yesterday, dragged by heavy losses in the financial and industrial companies.

The Sri Lanka Tourism Development Authority (SLTDA) this week put forward a series of requests to the Ministry of Health (MoH) to relax the health guidelines imposed to prevent the spread of the COVID-19 virus, an effort to make the island nation mor

Sri Lanka’s largest private bank Commercial Bank of (Ceylon) PLC is gearing to raise up to Rs.10 billion via a listed debenture issue and the Colombo Stock Exchange (CSE) in principle has approved an application to list the said debentures.

The Central Bank is looking at how to meet the Cabinet decision to provide concessionary rate working capital for nearly 300 state-owned enterprises, whose finances are badly hit hard by the pandemic-induced stresses.

Sri Lanka’s largest corrugated cartons manufacturer Expack Corrugated Cartons (Pvt) Ltd. plans to raise up to Rs.700 million offering 15 percent stake in the company through an initial public offering (IPO) on the Colombo Stock Exchange (CSE) to pa

The Cabinet nod has been granted to form a new entity named ‘Technology Park Development Company’ and to bring the proposed five technology parks under this entity, with plans for a possible listing on the Colombo Stock Exchange (CSE) in the futu

Advocata’s Bath Curry Indicator (BCI) which tracks the monthly changes in the price of a basket of commonly consumed food items recorded a 30 percent increase between August 2020 and August 2021.

The government yesterday said no final decision had been reached on appointing the current State Minister of Money & Capital Market and State Enterprise Reforms Ajith Nivard Cabraal to the position of the Central Bank (CB) Governor .

Fitch Ratings has assigned ‘A-(lka)(EXP) rating for National Development Bank’s proposed debenture issue to raise up to Rs.8 billion.

As Sri Lanka pursues the goal of reaching self-sufficiency in milk by 2024, the government has awarded 2, 771 acres of State land to private investors, while granting approval to import 4, 200 milch cows to boost annual liquid milk production by 22 m

As people took more loans to make the most out of the ultra low interest rates in town, it obviously helped the bottom lines of banks as seen from their solid earnings reports. It also lifted another industry, which is insurance.

Leading businessman Sumal Perera is venturing into livestock sector under a privately-held entity as it secured a 700-acre land parcel belonging to the National Livestock Development Board (NLDB) on a 30-year lease to commence a large-scale dairy fa

In a view to educate the public, the Chamber Academy, the knowledge arm of the Ceylon Chamber of Commerce, will be organising a timely discussion on the topic of COVID-19 and the way forward.

Aneetha Warusavitarana, Research Manager from Colombo-based independent policy think tank Avocata Institute, secured a place at the University of Cambridge for an MPhil in Public Policy.

A group of eight tour operators from the Netherlands arrived in Sri Lanka yesterday on a familiarisation tour organised jointly by Connaisance de Ceylon and Andrews Travel.

Higher taxes and levies slapped on legal alcoholic beverages will soon drive the less affluent population away from the ethnic coconut arrack and will make such products the privilege of the affluent few, should the status quo continues, as the shift

The confectionary and bakery item manufacturers are cautioning that the country is likely to witness a shortage of wheat flour, with the suppliers holding back their supplies with the intention of increasing the prices, while the authorities resistin

Although the Health Services Director General on Friday (September 3) announced a decision made to allow fully vaccinated tourists to move about the country freely outside the bio-bubble, the Sri Lanka Tourism Development Authority (SLTDA) said the t

Further increase in interest rates would be needed to arrest the exponential rise in the country’s consumer prices, which rose to a 12-month high in July, said SC Securities, igniting the debate over the future course of the monetary policy in Sri

National carrier SriLankan Airlines yesterday announced the resumption of scheduled flights to Paris The airline will operate scheduled flights between Colombo’s Bandaranaike International Airport and France’s Paris Charles de Gaulle Airport, fro

The asset quality of the non-bank finance company sector (NBFI), which made gains in the quarter ended in March 2021, deteriorated in the following June quarter, falling in lockstep with the banking sector asset quality.

Laugfs Maritime Services, Sri Lanka’s foremost ship owning and management company is geared to pursue growth goals through becoming a debt-free company by September 2021, and continuing to excel in providing Liquefied Petroleum Gas transportation a

Wire Communication Consultancy (WCC) Group announced its accelerated growth momentum with the expansion of its strategic Public Relations, Communications and Corporate Reputation Management services to Maldives, Australia and New Zealand, setting up

Arshad Ahamed has joined GroupM as Director Strategy with over 13 years of experience in the industry both locally and internationally.