Sri Lanka’s tea industry witnessed an improvement in production and exports in 1H21 when compared with the corresponding period in 2020, although the country continues to grapple with the implications arising from the pandemic.

The shares of JAT Holdings Ltd will commence trading on the Colombo Stock Exchange (CSE) today, following the successful initial public offering (IPO), which got oversubscribed.

Seylan Bank PLC delivered some robust financial performance during the three months to June, as the bank accelerated lending despite some hibernation seen in the economy, due to the virus resurgence while it also benefitted from the slight improvemen

Sri Lanka Tourism Development Authority (SLTDA), with the support from Market Development Facility (MDF), Australia’s flagship private sector development programme, has launched a membership drive to encourage informal sector tourism operators to r

ICCSL, a pioneer in the issuance of a digital certificate of origin has commenced a 24/7 service to support export industries.

The Organization of Professional Associations of Sri Lanka has organized a webinar titled “Strategies related to supply chain to mitigate the impact of COVID- 19’ to be held tomorrow from 6 p.m. to 8 p.m.

The Board Secretaries Forum of The Sri Lanka Institute of Directors (SLID) held a webinar on ‘Enhancing and Expanding the Effectiveness of the Board Secretary’ recently.

Sanjaya Mohottala, Chairman Board of Investment (BOI) recently called on Woon Jin Jeong, Ambassador of the Republic of Korea to discuss several initiatives that would potentially increase FDI inflows from Korea to Sri Lanka.

Hela Clothing, a global apparel manufacturer with factories across Kenya, Ethiopia and Sri Lanka, was recently presented with the 2021 Collaboration Award at the latest Tesco Non-Food Partner Conference.

JAT Holdings Limited, Sri Lanka’s trusted industry leader in finishing and furnishing, witnesses immense organizational progress fueled by the firm’s intention to begin its manufacturing operations in Bangladesh further boosting its already estab

McLarens Group, one of Sri Lanka’s largest diversified conglomerates with a rich corporate heritage spanning over seven decades, has been recognized among the 70 best large workplaces in Asia by the global authority on workplace culture Great Place

The Cabinet nod was given to extend working capital facilities for 282 fully or partially State–owned ventures under ‘Saubhagya COVID-19 Rehabilitation Facility’ concessionary loan scheme to float up these entities out from the pandemic infused

The Cabinet of Ministers this week granted approval to a proposal to elevate Sri Lanka Institute of Tourism and Hotel Management (SLITHM) to degree-awarding status, and to promote it as a tertiary level higher education institution in the tourism and

State-owned retail network, Lanka Sathosa is stepping up efforts to diversify its product offering and is gearing up to open the first organic supermarket network in Sri Lanka.

The Commercial Bank of Ceylon has secured US$ 50 million (about Rs. 10 billion at current exchange rates) loan from the CDC Group, the UK’s development finance institution and impact investor, to facilitate lending to small and medium-sized enterpr

Outstanding balance of credit cards has continued its descent through June in a reflection of the extent to which consumer spending on general shopping to durable goods to broader services activities have shrunk after the fresh restrictions on travel

The Cabinet of Ministers this week reached a decision to remove all import taxes on milk powder to resume milk power imports to the country while maintaining the controlled prices unchanged in the local market.

Sea Horse Yachts (Pvt.) Ltd (SHY) recently entered into an agreement with Hambantota International Port Group (HIPG) to set up a state-of-the-art yacht building facility at the port.

DIMO, one of Sri Lanka’s leading conglomerates, has achieved another significant milestone on the international stage by securing a project for the supply, installation and maintenance of elevators, escalators and moving walks at Velana Internation

Military to Corporate (M2C) Entrepreneurship Capsule, the second batch of 24 serving officers, comprising 12 Major Generals, three Brigadiers, four Rear Admirals and five Commodores/Air Commodores, took the salute in a fitting finale before sunset at

National Development Bank PLC (NDB) aims at joining the trillion-rupee asset club in the next five years, with the lender turning more aggressive in loan disbursements on the back of strong capital buffers and liquidity after nearly Rs.10 billion in

Saudi Arabian energy giant Aramco has seen its profits jump almost four times boosted by a rise in oil prices as demand recovers.

Dialog Axiata PLC reported some robust financial performance for the three months ended in June (2Q21), as the virus-related restrictions forced people and businesses to rely heavily on data, voice and other digital services offered by the company to

British national of Sri Lankan descent, Daisy Veerasingham has been named by The Associated Press (AP) as its new President and CEO, who will take on the role from January 1, 2022.

Sri Lanka’s insurance industry emerged stronger in 2020, receiving a tailwind from the pandemic-induced conditions, as life insurance premiums rose the most in recent years while the general insurers ended up recording higher profits supported by t

Sri Lanka’s tourism sector that is harshly hit due to the outbreak of the COVID-19 pandemic has attracted over US $ 950 million worth of investments in the last 15 months, the Sri Lanka Tourism Development Authority (SLTDA) said.

New opportunities are opening up for Sri Lanka’s boat building industry, as the demand for boats for fishing, industrial, commercial and leisure purposes worldwide, regionally and locally are on the rise, EDB Chairman Suresh de Mel said.

As a proactive measure to address any issues or grievances faced by any of the microfinance clients, the Lanka Microfinance Practitioners’ Association (LMFPA), in consultation with the State Ministry of Samurdhi, Household Economy,

The United Nations World Food Programme (WFP) is supporting the Government of Sri Lanka with food items and funding to provide school children with take-home rations in lieu of in-school meals.

The gain in land prices in the Colombo district accelerated during the first half of the year, bucking a decelerating trend that lasted for two years, in a reflection that land prices are being gradually bid up with the rising demand caused by re-inv