HIP’s RORO numbers, which is expected to increase rapidly this year, was endorsed by NYK vessel MV HERMES LEADER, which arrived at the port this week, with new volumes.

The Monetary Board of the Central Bank has extended the suspension on primary dealer activities of Perpetual Treasuries Limited by another six months.

Nawaloka Hospitals PLC recently held its 33rd Annual General Meeting (AGM) on 30 December 2022. The event took place via a virtual setup in line with the guidelines issued by the Colombo Stock Exchange (CSE).

Lion Brewery has been named the ‘Export Brand of the Year’.

The Commercial Bank of Ceylon has announced the enabling of ‘Visa Direct’ and ‘Mastercard Send’ card-based fund transfer facilities for the first time in Sri Lanka.

The Treasury bill yields continued their weeks-long descent to usher in the new year at the first weekly bill auction held yesterday for 2023 while the Central Bank also sold the entirety of bills it offered, extending the recent trend of full accept

In a bid to increase the dollar earnings from the tourism sector, the government yesterday said measures have been taken to allow international visitors to pay in US dollars at national parks across the country.

The tea industry recorded the highest national sales average for a calendar year in 2022, with the January to December 2022 cumulative average reaching Rs.1,234.24.

A mixed outlook for the country’s tea industry is forecasted in 2023 amid the global challenges, of which the impact is becoming increasingly difficult to predict.

Financial services sector professional Nishaman Karunapala has been appointed as General Manager/CEO of HDFC Bank PLC, with effect from January 4, 2023.

China’s commercial authorities have cancelled registration requirements for businesses engaged in foreign trade activities from December 30, 2022, following a revision of the country’s Foreign Trade Law, the Commerce Ministry said.

INSEE Cement, Sri Lanka’s leading cement brand and member of the Siam City Cement Public Company Limited of Thailand, yesterday announced the appointment of Jan Kunigk as Chief Executive Officer (CEO) as of January 1, 2023.

Finance Ministry yesterday announced the removal of the Ports and Airport Development Levy on invertors and converters used to generate electricity through renewable energy sources.

While a more active interbank market is intended by the Central Bank when it announced certain limitations into commercial banks’ access to dual standing windows effective from January 16, its effective implementation and thereby its lateral object

FACETS Sri Lanka, the premier gem and jewellery show is all set to commence on the 7th of January.

Spirits soared at The Dentsu Rise Up Global Challenge Sri Lanka Edition, when young talent between the age group of 17-27 showcased their best ideas to inspire consumers in Sri Lanka to drastically reduce food waste and were awarded and recognized ce

Texas based non-profit organization Medical Bridges, together with Amelie and Daniel Linsey Foundation and Capital Trust Properties recently coordinated a donation worth over US$ 200,000 of essential medical equipment for patients affected by Covid-1

The South Asian Federation of Accountants (SAFA), which represents over 400,000 accounting professionals, has appointed Vice President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) Heshana Kuruppu as its Vice President with ef

Elephant House and Keells Krest clinched two Gold awards along with the NCE Challenge Trophy at the 30th annual NCE Export Awards 2022, held recently.

ACL Cables PLC was ranked amongst Sri Lanka’s Top 40 Corporates according to leading magazine Business Today’s Top 40 for the year 2021/2022.

Union Assurance announced the appointment of Senath Jayatilake as the Deputy Chief Executive Officer, effective January 1st 2023. Prior to this appointment, he held the position....

The government is forging ahead to establish a holding company under the Treasury to expedite the restructuring of State-owned enterprises (SOE). President Ranil Wickremesinghe....

Prabhash Subasinghe has resigned from the director board of SDB bank PLC with effect from December 31, 2022. A filing to the Colombo Stock Exchange....

Electric car maker Tesla says it delivered record 1.3 million vehicles last year, 40 percent more than in 2021. It comes after the company delivered more than 405,000...

The growth spurt witnessed in corporate earnings for nearly two years during the pandemic slowed in the quarter ended on September 30, 2022 as the economic crisis and tight policies that followed took massive....

The Cabinet nod has been granted to setup a Rapid Service Unit as a one-stop unit at the Urban Development Authority (UDA) to expedite development projects in urban areas. Minister of Urban....

The Cabinet green-light has been granted for the Fisheries Ministry to sign the protocol on inspection, quarantine and veterinary hygiene requirements for marine fisheries aquatic....

The ASPI edged up as a result of price gains in counters such as Commercial Bank, Lanka IOC and Melstacorp with the turnover crossing Rs. 2.8 billion. Meanwhile, the S&P SL20....

EFL 3PL, the leading 3PL company in Sri Lanka, bagged Gold for the second consecutive year in the B2B Brand of the Year category, at the recently held SLIM Brand Excellence Awards 2022. This recognition....

While the topic of shipping liberalisation has generally been the subject of frequent and heated debate in 2022, the key stakeholders across Sri Lanka’s logistics and export sectors have become increasingly....