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

Sri Lanka has entered into a framework agreement with New Fortress Energy (NFE), a US-based entity to build the country’s first Liquefied Natural Gas (LNG) terminal.

Picture shows organic fertilizer stocks at Commercial Fertilizers Company stores in Hunupitiya, Wattala ready for distribution.

The government defended its decision not to sign the proposed establishment of 15 percent global minimum tax rate on multinational corporations (MNCs) citing possible impacts on Foreign Direct Investments (FDIs) into the country.

Leading UAE based investment banking advisory firm, Alpen Capital, in its Banking and Non-Banking Financial Institutions (NBFI) Sector, Sri Lanka report 2021 notes both sectors remain competitive despite challenges exacerbated by the pandemic, with n

Foreign Direct Investments (FDIs) which were earlier primed to take off to about US$ 1.5 billion to US$ 2.0 billion in 2021 could come in well below that level as the current economic conditions have dampened investor sentiments while the much hyped

The non-bank finance institutions in the country improved their asset quality and earnings in lockstep with their banking counterparts riding on a solid growth in the economy in the first quarter, but the sector is not completely out of risks as it s

Sri Lanka’s manufacturing and services activities recovered marginally during the month of June from the adverse impacts of the third wave of the COVID-19 pandemic.

The currency in circulation rose the most during the first half of the year, as the Central Bank provided unprecedented stimulus by way of liquidity injections, which gained pace since the onset of the pandemic last year.

In what appears to be a sign of renewed optimism for the economy to jump start from the perceived setback in the second quarter, the Central Bank indicated it expects the banking sector to unleash anywhere north of Rs.800 billion in fresh private sec

Fitch Ratings has assigned Siyapatha Finance PLC’s (A(lka)/Stable) proposed Sri Lankan rupee subordinated listed debentures an expected National Long-Term Rating of ‘BBB+(lka)(EXP)’.

Rank Holdings fame Ravi Wijeratne yesterday announced a mandatory offer to acquire the remaining shares of SMB Leasing, after increasing his stake in the company over the 30 percent threshold, following a right issue.

Sanjeeva Jayawardena, President’s Counsel, has been reappointed to the Monetary Board of the Central Bank of Sri Lanka (CBSL), for a fresh term of six years, up to June 2027, by President Gotabaya Rajapaksa, consequent to his nomination being appro

Sri Lankan shares closed higher for a fourth straight session yesterday, helped by gains in financial stocks and consumer staples.

Sri Lanka has further eased restrictions for tourists by allowing quarantine-free entry for those fully-vaccinated, a step that would provide the much required impetus for the struggling industry.

The shipping industry is divided over the recent guidelines issued by the Director General of Merchant Shipping (DGMS), imposing caps on maximum charges payable by importers to service providers in recovering their import consignments, which was lobb

Manohari Abeyesekera, Director/Chairperson Audit Committee of National Savings Bank (NSB), has been elected by the CIMA Members to represent South Asia in the Chartered Institute of Management Accountants (CIMA- UK) Global Council for a three-year te

The Event Management Association Sri Lanka (EMASL) this week called on the government to stop giving the industry step motherly treatment since it is on the​​ brink of collapsing with hardly any work since the beginning of the pandemic.