The Cabinet approval has been granted to a proposal to establish rice mills as private-cooperative partnerships across the country and to allow additional rice imports as a solution to exorbitant prices of rice prevailing in the market, despite maint

Sri Lankans will be able to visit Switzerland without any restrictions from September, with the country opening its borders to fully vaccinated travellers.

The Ceylon Chamber of Commerce (CCC) this week urged the government to embrace a more consultative approach in charting the way forward and creating a conducive environment for local business to operate, by forming a national level committee.

The Cabinet of Ministers this week approved the ‘Inclusive Connectivity and Development Project’, which is to be implemented with US $ 500 million financial assistance from the World Bank (WB), with an aim to strengthen the agricultural supply ch

The topic of August 20th Mid Afternoon Chat webinar at 3.00 p.m. conducted by KPMG Sri Lanka Academy will be ‘Ramifications of new tax rules on dividends’.

Institute of Certified Management Accountants of Sri Lanka (CMA Sri Lanka) in association with National Development Bank Investment Bank (NDBIB) will host a Continuing Professional Development (CPD) webinar on ‘Strategic Mergers and Acquisitions fo

Sri Lanka will become the first country to benefit from an IFC global initiative designed to boost access to affordable and quality health-care through digital technology across the region—amid increased demand for services in the wake of COVID-19.

The Colombo City Restaurant Collective (CCRC) yesterday called on the government to expedite efforts in vaccinating those below 30 years of age since it is essential for the frontlines to be jabbed when operating during the pandemic.

The Colombo Stock Exchange (CSE) has launched an investigation into the technical difficulties experienced by broker systems vendors in the first two days of implementing the delivery vs. payment (DVP) mechanism.

Softlogic Holdings PLC maintained its top line intact during the three months to June (1Q22) as its key business verticals such as retail, healthcare and financial services helped the group to overcome pandemic-induced challenges.

The consumer and healthcare sector tilt provided Hemas Holdings PLC the defence against virus related restrictions on swaths of the economy during the three months to June, eclipsing all its businesses to its pre-pandemic performance but the company

Although most central banks around the world are ending their virus era policy support measures and turning hawkish, Sri Lanka might not go along with them in lockstep as the pandemic continues to batter the country’s economic recovery, making a ca

Union Bank of Colombo PLC (UBC) could either divest its finance company subsidiary, UB Finance Company Limited (UBF) or infuse further capital to meet the minimum regulatory capital, which is coming due by the end of this year as attempts to find sui

Sri Lanka’s trade deficit with China continued to widen in the first half of the year, crossing the US $ 2 billion mark, representing half of the country’s deficit in the trade account in the period.

Billionaire businessman Dhammika Perera has entered the top 20 shareholder list of Sri Lanka’s top private sector bank, Commercial Bank of Ceylon PLC, for the first time becoming its 14th largest ordinary voting shareholder in the quarter ended on

Laugfs Gas PLC plunged into a near billion rupee loss in the three months to June (1Q22), the second such quarter in a row, as the company was continuously denied of a price hike to reflect the rise in global LP gas prices, forcing it to absorb losse

Access Engineering PLC, the country’s premier civil engineering company, has recorded an impressive after-tax profit of Rs.550 million at company level for the quarter ended on June 30, 2021 (1Q22), up 162 percent year-on-year (YoY), despite the ch

Pan Asia Banking Corporation PLC yesterday informed the Colombo Stock Exchange that the Central Bank has extended the suspension on its primary dealer licence has been further extended by six months, from August 15, 2021.

Lion Brewery (Ceylon) PLC managed to sustain its revenue in the three months to June (1Q22), despite recording “zero sales” for 30 days, due to a month-long lockdown. The largest brewer in the country generated sales of Rs.10.6 billion in the Apr

The industrial production in June edged up from the levels seen in May but it was nowhere near the highs it reached in March, prior to the virus resurgence prompted the authorities to reimpose restrictions on the economic activities from around mid-A

The manufacturing and services activities further expanded during the month of July, though the expectations for the next three months deteriorated significantly amid the rapid spread of COVID-19 throughout the country.

In appreciation of the professional and yeoman service the Board of Directors of 1990 Suwaseriya Ambulance Service has carried out for the past three years, President Gotabaya Rajapaksa has reappointed the same Board of Directors for another three ye

K.E. D Sumanasiri assumed duties as the General Manager of Bank of Ceylon yesterday. Sumanasiri assumed duties as the 22nd General Manager of the bank at its Head Office with the presence of Chairman Kanchana Ratwatte and few other key officials.

The management of Bandaranaike Memorial International Conference Hall (BMICH) set the record straight on a message that is circulating on social media that claims the entity has been eradicating stray dogs roaming in its premises.

ICCSL in partnership with DailyFT, Daily Mirror Business, CA Sri Lanka, GPW Sri Lanka, HRCornucopia, Job Enrich, PIBT, hSenid, LearnTV and CareerMe will host a webinar to discuss ‘The Role of Education, Skills and HR for Sri Lanka’s Success’ to

Fitch Ratings last week said it no longer factors in extraordinary support into the ratings of Bank of Ceylon (BOC) and People’s Bank despite their strong State linkages, because the sovereign’s ability to provide extraordinary support is severel

Determined to have no default in debt repayment, the government shared it will turn to the underused assets under its ownership to generate the required finances to iron out what seems to be a never ending debt crisis.

Ceylon Tobacco Company PLC (CTC) saw its top line easing further in the three months to June (2Q21) from the preceding three months ended in March as cigarette volumes declined by 16 percent from the March quarter due to mobility and other restrictio

Hatton National Bank PLC (HNB) recorded robust performance for the quarter ended June 2021 (2Q21) amid strong core banking operations, while all the group companies contributed towards the consolidated performance.

The Securities and Exchange Commission of Sri Lanka (SEC) and Colombo Stock Exchange (CSE) will introduce a Delivery vs. Payment (DVP) system for stock market transactions from today.