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.

Recently, the ICTA unveiled a credit scoring framework as part of its efforts to support start-ups. Developed in partnership with PwC, the framework helps banks identify the creditworthiness of start-ups that apply for loans.

The Colombo Commercial High Court has issued an enjoining order against four defendants, including popular music artist Santhush Weeraman and Saregama Music (Pvt.) Limited, for allegedly violating the copyrights of the song ‘Me Bajar Ekata Malli’

The battered tourism industry renewed its call for assistance yesterday with the Sri Lanka Tourism Development Authority (SLTDA) urging the Central Bank of Sri Lanka (CBSL) to offer further relief until some form of revival can be witnessed.

Sri Lanka’s banks have been suspended from declaring cash dividends until the financial statements for the year ended December 2021 are finalised and audited.

Oil producing nations have agreed to increase their output, with the aim of reducing prices and easing pressure on the world economy.

Canwill Holdings (Private) Limited, a joint venture company established to develop Grand Hyatt Colombo project has received fresh capital infusion to the tune of Rs.2.0 billion from Sri Lanka Insurance Corporation (SLIC), its largest shareholder.

Citing several challenges that has arisen due to the pandemic, Sri Lanka’s insurance industry players are preparing to seek a deferment on the transition to the new IFRS standard for insurance contracts—IFRS 17— which is scheduled to come into

Sri Lanka’s merchandise exports topped US$ 5.5 billion in the first half of the year with June earnings reaching a three-month high, flirting with the US$ 1 billion mark, according to Sri Lanka Customs data compiled by the Export Development Board

Governments need to focus on long-term policy responses to address inequality and vulnerability in face of shocks like the COVID-19

To help close the gender gap and promote greater work-life balance, particularly at a time of COVID-19 impacts, IFC and the Federation of Chambers of Commerce and Industry Sri Lanka (FCCISL) have launched a new online learning series to strengthen bu

Sri Lanka Customs in yet another landmark initiative towards making the import and export process seamless has partnered with LankaClear to introduce LankaSign digital signatures for online document submission.

Hayleys Fabric further reduced its carbon footprint by 15 percent with the installation of the largest private sector rooftop solar power system in Sri Lanka, contributing 6,241,500kWh of power per annum to the National Grid.

“Reading is the gateway that opens up one’s mind to a wealth of knowledge leading to a never-ending journey of learning. It not only relaxes the mind and gives pleasure but also opens up multiple views on a particular situation, developing the an

The Joint Apparel Association Forum (JAAF), the apex body for the Sri Lankan apparel industry expressed optimism over the possibility of securing an industry-critical extension of EU GSP Plus programme after its most recent round of discussions with

The Ceylon Electricity Board (CEB) was able to cut its losses significantly during the four months ended in April 2021 as demand surged for power with economy returning to normalcy, while the generation mix tilted slightly towards less expensive non-

Local manufacturers across wider segments are confronted with the incessant high prices hovering near double digits as lockdowns added to their woes by way of crippling their supply chains and higher import costs amid import controls and weaker rupee

JAT Holdings, Sri Lanka’s industry leader in finishing and furnishing, will commence its Initial Public Offering (IPO) on July 20.

Kicking off the June quarter earnings season, Keells Food Product PLC (KFP) reported lower earnings for the three months ended in June 30, 2021 (1Q22), largely due to the lockdown effect on consumer spending.

COVID-19 upended the balance sheets of many countries in the Asia Pacific (APAC) region with rising public debt relative to the size of their economies, but the situation became more pronounced in Sri Lanka as the country entered the pandemic with an

A Fundamental Rights petition filed seeking an order preventing the Treasury Secretary from taking any steps to sell, lease or alienate state properties vested with Selendiva Investments Limited Company was on Thursday (15) fixed for September 21 by

Barista, the largest and much-loved cafe chain in Sri Lanka, recently launched its dedicated Coffee app, digitally crafted by Arimac Lanka, in order to allow customers easy access to their favourite Barista goodies.

Experienced leasing and banking officer H.K.D.W.M. Dammika Kumara Hapuhinna has been appointed as CEO of Merchant Bank of Sri Lanka and Finance PLC (MBSL).

Fulfilling another promise in President Gotabaya Rajapaksa’s Vision of Prosperity policy statement, the City University programme of establishing universities in every district commenced on Thursday.

An entire whisky distillery was being shipped out from Scotland to China yesterday.

The U.S. Cotton Trust Protocol welcomes Sri Lankan textile manufacturer Teejay Lanka and its wholly-owned subsidiary Teejay India as new members.

The food and beverage sector saw a robust transition of volumes from the hotels and restaurant sector to the modern and general trade sectors, as the pandemic-induced restrictions on in-door dining, banquets, resort stays and other events upended con