Architect 2023, which kicked-off yesterday in Colombo, brought together leading companies and entrepreneurs, who are actively involved in various sectors with regard to construction and architecture, locally and internationally.

Sunquick Lanka (Private) Limited, the local manufacturer of the much-loved Sunquick fruit concentrate Sunquick BiBi ready-to-drink (RTD), officially declared open its Sunquick RTD manufacturing facility in Horana, on February 23, 2023, reassuring its

The Colombo Tea Auction saw 5.0 MnKgs come under the hammer this week that was met with fair general demand often at irregular rate.

Norochcholai Coal Power Plant, Sri Lanka’s first-ever coal powered electricity generating unit that was built from Chinese funds, has suffered frequent breakdowns causing heavy financial losses to the Ceylon Electricity Board (CEB) over the years.

Bogala Graphite Company this week announced its plans to venture into making graphene oxide, which can be used in local cement manufacturing.

US Treasury Secretary Janet Yellen yesterday expressed confidence in China cooperating with other countries seeking to provide debt relief to distressed countries, specially Zambia and Sri Lanka.

Cementing its Sri Lankan roots as an authentic Sri Lankan brand, the Coconut Tree, a multi-million-pound restaurant chain specialising in Sri Lankan cuisine and beverages plans to open its flagship restaurant in Colombo within next three months.

The ongoing squeeze on disposable incomes could trim the revenue growth in telecommunication sector as red-hot inflation and higher taxes would shift people to prioritise their spending on essentials, negatively affecting the sector players’ margin

Sri Lanka’s Merchant Shipping Secretariat is yet to issue license for Non-Vessel Operating Common Carriers (NVOCCs) under the new category to allow NVOCC agents to obtain their own port terminal payment facilities.

The decline in poultry feed related revenues and the demand for chicken in the final three months of last year has weighed on the top and bottomlines of Ceylon Grain Elevators PLC.

Bill yields continued their descent this week on optimism of a deal with the International Monetary Fund (IMF) sooner than expected, but the Central Bank failed again to sell the entire bill stock it offered at the auction.

Sancharaka Udawa, Sri Lanka’s premier travel and tourism fair, is scheduled to be held on May 19 and 20, this year, in Colombo, ending a three-year hiatus.

Telecom service provider Dialog will be able to maintain a credit profile commensurate with a ‘AAA(lka)’ rating in the next 12-18 months, despite the lower demand for telecom services, escalating costs and a significant increase in the company’

The inaugural review of the Sri Lanka Innovators’ Forum (SLIF), a project initiated by the Gamani Corea Foundation as its contribution to help Sri Lanka come out of the current economic crisis, will kick off tomorrow (24) in Colombo.

The Sri Lankan tourism industry appears to be maintaining its momentum toward recovery, with nearly 80,000 visitors arriving in the country during the initial three weeks of February.

The Board of Investment (BOI) enterprises have contributed a total of US $ 8.7 billion through merchandise exports for the year 2022, which is an expansion of 8 percent when compared with the revenue fetched in 2021.

Tata Tele Business Services (TTBS) has retained MTI Consulting for the second phase of its business strategy.

A senior U.S. Agency for International Development (USAID) official was in Sri Lanka recently to better grasp the needs of food-insecure communities, as the country grapples with the worst ever economic crisis in history.

National Development Bank PLC (NDB) reported some solid numbers in the three months to December to close the year despite coming under....

The Securities and Exchange Commission (SEC) yesterday announced the appointment of veteran banker Faizal Salieh as its Chairman.

Inflation measured by the national prices eased in January from a year ago continuing the months-long streak of disinflation, but the price....

President Ranil Wickremesinghe warned that the Sri Lanka could face a prolonged recovery period similar to Greece which spent 13 years....

The plantation sector yesterday called on the government to respect the spirit and covenants of privatisation and by no means re-visit....

Sri Lanka’s apparel sector denounced the 66 percent electricity tariff hike that came into effect last week, as the decision will lead....

The government is projected to run at Rs.531 billion deficit in March, including a Rs.23 billion shortfall in financing recurrent expenditure....

While refuting the claims on fresh borrowings during this year, the government yesterday stressed that the borrowings so far during the year have been limited to the roll-over of maturing Treasury bills.

Tea production continues to move along a declining trend, with the month of January recording a 16 percent dip year-on-year.

The local unit of Switzerland-based food giant, Nestle Lanka PLC, saw the December 2022 (4Q22) quarter earnings declining amid the sharp increase in income taxes, marketing, selling and distribution expenses and administrative expenses, though the fu

Hatton National Bank PLC (HNB), Sri Lanka’s second largest private bank in terms of assets, saw a sharp rise in impairments on possible loan losses eating into the earnings of its fourth quarter and full financial year ended on December 31, 2022.

Pan Asia Banking Corporation PLC reflected resilience amidst a multitude of adversities emerging from the challenging macro-economic conditions, as the bank reported its financial performance for the year 2022, which showed judicious portfolio manage