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

The country’s manufacturing activities, which plunged in April, shrank further in May after movement restrictions on and other economic activities were intensified disrupting the smooth functioning of factories, putting a further dent on their outp

CFA Society Sri Lanka, University Outreach committee recently organized a series of guest lectures at the Department of Finance, University of Kelaniya in association with Acuity Knowledge Partners on Financial Modelling and Investment note writing w

A. Baur & Co. (Pvt.) Ltd., also known as Baurs, will be bringing down a team of renowned experts from Switzerland to study the country’s agriculture ecosystem with the purpose of providing scientific and practical solutions to converse into an orga

MTI Consulting has completed the strategic plan for Rwanda Cooperation - the Rwanda State-owned Enterprise charged with the responsibility of sharing the country’s home grown initiatives and good practices that have enabled Rwanda’s remarkable so

Continuing to deliver world-class entertainment and edutainment to its customers, Dialog Television has extended the premium streaming service – Amazon Prime Video for the first time in Sri Lanka via its latest ViU Hub 2.0 decoder powered by Androi

Furthering its efforts to ensure that no child is left behind in continuing their education, Dialog Axiata Group has extended free access to its education bouquet Nenasa Sinhala, Nenasa Tamil and Guru TV channels through Dialog Television and ViU App

Laugfs Gas PLC yesterday said it had to temporarily suspend the import and distribution of LP Gas due to higher landed costs and controlled cooking gas prices in the domestic market.

Adani Ports & Special Economic Zone Ltd (APSEZ), the flagship ports operator of billionaire Gautam Adani’s group, is looking to raise at least US$ 500 million on offshore debt through dollar bonds.

Finance Minister Basil Rajapaksa this week instructed people’s representatives and government officials to act in a manner that does not cause inconvenience to the people at a time when the country is in a difficult situation due to the COVID-19 p

The exposure to State and State-owned enterprises at People’s Bank has risen to nearly 50 percent of its total loans outstanding by the end of the first quarter in 2021 from 38 percent in 2019, but the momentum could slowdown going forward with lim

Ceylon Cold Stores PLC (CCS) lost its momentum in its top and bottom lines during the three months ended in June 30 (1Q22) as the virus-induced restrictions buffeted its gains, though the performance was higher compared to the year earlier period, ch

Largely debunking the claims that 2019 tax cuts deprived massive revenues to the State coffers, Sri Lanka reported higher tax revenues during the first four months of 2021, as the country was off to a burst in economic activity before the virus contr

SLASSCOM and Wijeya Newspapers Limited signed a Memorandum of Understanding allowing for cooperations between the two institutions to promote and jointly produce articles and video content on SLASSCOM initiatives and events within the Wijeya Group. S

The new CEO at Lion Brewery Ceylon PLC recently urged the need for drastic policy changes over consumption-killing taxes and the other restraints that prevent the legal alcoholic beverage (alcobev) industry from expanding its reach, which effectively

The Hambantota International Port (HIP) recorded its highest discharge levels of bulk cargo recently, when a shipment of gypsum consigned for Insee Cement was unloaded at a rate of 24,000 metric tonnes per day by port operations.

Sri Lanka Export Development Board (EDB) and Sri Lanka High Commission in New Delhi, India, jointly organised an online briefing session with Amazon India recently, to explore the digital marketing opportunities available for the Sri Lankan exporters

SriLankan Airlines emerged victorious at the prestigious Asian Leadership Awards (ALA) 2021 by winning the award for ‘Best in managing health at work’ in the Asian HR Leadership Awards category.

The freshly drafted Petroleum Resources Bill that would open up new opportunities for Sri Lanka’s energy sector has received clearance from the Attorney General and the Cabinet of Ministers this week gave approval for the bill to be published in th

Knit fabric maker Teejay Lanka PLC is currently exploring opportunities to expand its operations to Bangladesh and Africa, while investing further in its existing plants in Sri Lanka and India to add capacity, as the company aspires to achieve a cons

The government is contemplating on introducing a system to regulate the online trading platforms and bring some of them under its tax regime, Trade Minister Bandula Gunawardena told Parliament yesterday.

JAT Holdings Limited’s Initial Public Offering (IPO) of 82,904,846 ordinary voting shares by way of a combination of an offer for subscription and an offer for sale at the Colombo Stock Exchange (CSE), which opened yesterday, was oversubscribed on

A proposal to develop luxury water villas that would boost Sri Lanka’s tourism offering received the Cabinet nod this week.

The Financial Intelligence Unit (FIU) of the Central Bank yesterday said it imposed penalties on two banks, amounting to Rs.3.0 million, during the second quarter, for not complying with the anti-money laundering laws.

The dearth of trained medical practitioners and skilled nurses have hamstrung Sri Lanka’s private healthcare sector, which otherwise has a huge upside for faster takeoff with the rising middle-income class and corporate medical insurance schemes.

LOLC Holdings PLC yesterday revealed plans to raise up to Rs.2 billion via an unlisted debenture issue.

Kelsey Developments PLC, a member of the Janashakthi Group and the pioneering real estate developer in Sri Lanka, announced the appointments of two new board members, Air Chief Marshall (ACM) Gagan Bulathsinghala and Arul Sivagananathan, with effect

The International Finance Corporation (IFC) has appointed Hector Gomez Ang as Regional Director for South Asia.

Four tea grades manufactured by Liyonta Tea Factory recorded four top prices in one e-Auction held on July 13 and 14, 2021.