CMA Sri Lanka is organising CMA Excellence in Integrated Reporting Awards 2021, for the seventh consecutive year.

The Colombo Stock Exchange (CSE) successfully concluded yet another virtual forum organised as part of an awareness drive for islandwide small and medium enterprises (SME).

International Monetary Fund (IMF) Chief Economist Gita Gopinath this week warned that the emerging and developing markets would see continuously elevated prices into next year, stoked by the persistently higher food prices and weaker domestic currenc

The Ceylon Electricity Board Engineers’ Union (CEBEU) claims that the government’s aggressive target to generate 70 percent of the electricity required through renewable energy by 2030 is unfeasible, as it needs US $ 3-4 billion investment in upg

The Electricity and Renewable Energy Consumers Association yesterday filed a Fundamental Rights petition in the Supreme Court, seeking an Interim Order staying the proposed ground-mounted solar power project.

The Sri Lanka Export Development Board (EDB) announced yesterday the formulation of a Vocational Education Training Plan (VET Plan) for the electrical and electronics sector (EEC sector), to pave the way for further development in the country’s ele

Opening the banking sector earnings for the June quarter (2Q21), National Development Bank PLC (NDB) reported some stellar financials on robust growth in loans amid improving margins.

The local automobile component manufacturers have granted over 5,000 new employment appointments in the Western province over the past few months, according to Sri Lanka Automobile Component Manufacturers’ Association (SLACMA) President Dimantha J

Lanka IOC PLC saw its June quarter (1Q22) performance impacted by travel restrictions that were imposed from mid-April, but the performance was better than the year earlier period when restrictions were harsher.

United Motors Lanka PLC (UML) has appointed Independent Non-Executive Director Devaka Cooray as Chairman of the company with effect from July 27.

The Ceylon Chamber of Commerce (CCC) has assured President Gotabaya Rajapaksa that it is eager to promote a number of sectors, including exports and tourism, as soon as the country returns to normalcy with its vaccination drive, according to a media

John Keells Hotels PLC (KHL) saw the revenue momentum losing in both its Maldivian and Sri Lankan resort sectors during the June quarter (2Q22), reflecting the impact of COVID-19 third wave and the resulting restrictions on travel and leisure activit

Former Deputy Secretary of the Ceylon Bank Employees Union (CBEU) yesterday filed a Special Determination petition in Supreme Court seeking a declaration that the Bill titled “Finance” requires the approval by the people at a Referendum in additi

Tourism sector employees have reached their breaking point after grappling with the hardships stemming from the pandemic and the Easter Sunday attack, thus it is imperative for the government to look into their grievances without further delay, the H

Kuoni has launched an expanded Indian Ocean programme for 2022, with the addition of 13 new resorts across the region.

Nations Trust Bank PLC (NTB) yesterday announced the successful oversubscription of its unlisted debenture prior to its opening, aggregating Rs.5 billion in applications.

Fitch Ratings has upgraded Sri Lanka-based Ideal Finance Limited’s National Long-Term Rating to ‘AA-(lka)’, from ‘BB-(lka)’ and removed the rating from Rating Watch Positive (RWP). The Outlook is Stable.

The Board of Investment (BOI) of Sri Lanka recently entered into an agreement with Rakna Property Holdings Ltd, a subsidiary of Rakna Arakshaka Lanka Limited, for a mixed development project.

HNB Finance PLC (HNBF) is eyeing possible mergers and acquisitions (M&As) in the current financial year, in order to pursue inorganic growth opportunities for the company to propel its growth momentum while growing in size.

Leading developer John Keells Properties has officially begun the handover of the first keys of the ‘The Suites’ residential apartments at Cinnamon Life.

The pandemic-induced school closures and the resulting loss of learning are expected to cost 1.5 percent of the future economic output of an OECD (Organisation for Economic Co-operation and Development) country, with the impact running deeper elsewhe

Sri Lanka’s largest brewer Lion Brewery (Ceylon) PLC has urged the government to reconsider the new sticker system, which has been introduced to prevent the possible excise duty leakages, as it only adds to the production cost and unlikely to incre

The Ceylon Motor Trader’s Association (CMTA), one of the oldest automotive associations in South Asia, comprising companies that are the franchise holders of global automobile manufacturers, held its 101st Annual General Meeting (AGM) on June 30th.

edotco Group Sdn. Bhd. (edotco), the leading regional integrated telecommunications infrastructure services company, has strengthened its commitment in Sri Lanka with the appointment of Gayan Koralage, as the Acting Country Managing Director of edotc

Sri Lanka’s largest plastic recycler, Eco Spindles, presents a sustainable solution to managing plastic waste by recycling plastic bottles directly into yarn or monofilaments.

It will be an uphill task for the tea industry to maintain its export earnings with the potential decline in volumes caused by the chemical fertilizer ban and the prevailing low prices at the auctions, according to Fitch Ratings.

CIC Holdings PLC delivered strong revenues and profits for the three months ended in June 30 (1Q22), maintaining the momentum it gained last year, as the group’s interests in multiple business lines stood to benefit from pandemic created conditions

The Central Bank on behalf of the government is expected to settle a maturing US$ 1 billion international sovereign bond (ISB) that falls due tomorrow (27th).

National prices continued to remain high in June as prices of food items continued their climb, while the non-food prices followed suit amid effects of the fuel price hike in the second week of the month feeding to transport costs, which rose sharply

An International Monetary Fund (IMF) bailout package presents the government with “the perfect excuse” to usher in much needed, yet unpopular economic and public finance reforms to drive economic growth, while enabling the country to find a mid t