Sri Lanka’s market leader in wood coatings and multinational conglomerate JAT Holdings PLC has posted exceptional financial performance for the second quarter of FY 2022/23.

The tea production for the month of October decreased by 22.4 percent when compared with the corresponding month of the previous year.

The auction quantities continued to remain low at the Colombo Tea Auction and this week a total of 4.79 MnKgs came under the hammer, which was met with good demand.

Despite numerous macroeconomic challenges, E.B. Creasy Group posted a solid top line performance in the first half of the current financial year, driven by outstanding results in its core segments of homecare, personal and healthcare and in industria

As the country is experiencing a labour exodus, the Central Bank Governor Dr. Nandalal Weerasinghe stressed that the time has come for the government to carry out radical labour reforms by opening the country’s labour market in order to reverse the

The Monetary Board of Central Bank as widely expected kept key interest rates unchanged at the current levels of 14.5 percent and 15.5 percent respectively for standing deposit and lending facility rates yesterday maintaining its aggressive monetary

China has recorded its highest number of daily Covid cases since the pandemic began, despite stringent measures designed to eliminate the virus.

The global tea promotions campaign, which has been conceptualised and tweaked for many years is expected to kickoff in 2023, the Sri Lanka Tea Board said yesterday.

Airtel Sri Lanka yesterday said it entered into an investment agreement with the Board of Investment (BOI) to channel foreign currency investments for the development of the country’s telecom infrastructure, with emphasis on expansion and optimisat

Logistics major Expolanka Holdings PLC yesterday said it has taken further steps to expand its global business by submitting proposals to call for expressions of interest (EOI) for the acquisition of certain logistics companies in international marke

National carrier SriLankan Airlines is faced with a fresh challenge to tackle, as it is currently witnessing an exodus of airline pilots, SriLankan Airlines CEO Richard Nutall told journalists in Colombo, yesterday.

In a bid to ease the liquidity conditions in banks, the Central Bank issued fresh directions allowing them to temporarily do away with the requirement to report the Statutory Liquid Assets Ratio (SLAR) separately for domestic and off-shore banking un

The Treasury bill yields continued to ease at yesterday’s weekly auction, ahead of the eighth monetary policy meeting, which is largely expected to keep the policy rates unchanged.

While the Central Bank is largely expected to keep the key rates unchanged at the monetary policy review scheduled to be announced today, First Capital Research (FCR) expects the current pause in the policy rate hike seen since July could be followed

The Global Sales Conference organised by SriLankan Airlines to promote the island nation for tourism closed on a high note, with travel agents from across the world pledging support to sell the destination.

Nestlé Lanka reaffirms its commitment towards Sri Lanka by investing over Rs.2 billion in its state-of-the-art factory in Kurunegala by building a new vacuum band dryer.

Meta, formerly known as the Facebook company and Hutch have collaborated to allow all Hutch subscribers to access Facebook in ‘text-only’ mode, without any data charges, thereby enabling them to stay connected even when there is a delay in renewi

AkzoNobel, a leading paints and coatings company and producer of Dulux paints in Sri Lanka, has revealed its highly anticipated Color of the Year 2023: Wild Wonder. A hue inspired by the warm tones of harvested crops, its upbeat glow connects us with

For those demanding the highest in quality, security and convenience, the Alpha Industries range of safes has always been sure to please.

Anton, a leading manufacturer in the Sri Lankan PVC industry, water tanks and roofing amongst industrial and consumer sectors, recently made history by introducing its vast product range to the Maldives.

Sri Lanka’s apparel exporters are forecasting a 30 percent drop in export orders with the main export markets, gripped by inflationary pressures, plunging into a recession.

To address the looming shortage of grains for the animal feed industry and maize-based food items, due to the ongoing socio-economic....

Sri Lanka Economic Summit (SLES) 2022 organised by the Ceylon Chamber of Commerce, will explore the factors vital to Sri Lanka,....

Emirates yesterday announced plans to add one more daily direct flight between Dubai and Colombo from December 1, 2022 to cater....

The official data shows that deterioration of Sri Lanka’s external balance is partly due to the increase profit repartitions by foreign....

Sri Lanka is purposely ignoring the economic opportunities of oil palm cultivation, at a time when the rest of the world is strengthening....

The German Act on Corporate Due Diligence Obligations in Supply Chains, which comes into force from January 1, 2023, presents .....

The private sector representatives and economists took aim at the inexplicably massive defence allocation in Budget 2023, at a time....

Sanasa Development Bank PLC (SDB bank) yesterday announced the appointment of the veteran banker Priyantha Talwatte as its Chief Executive....

The Central Bank is widely expected to keep the policy interest rates at the current levels while skewing a bit more towards a dovish....