The finance and leasing companies carry more susceptibility to interest rate risk amid the elevated domestic interest rates, said Fitch Ratings, as they hold mostly fixed-rate loans, which have a slow repricing cycle than their liabilities, of which

Overseas Realty (Ceylon) PLC reported some robust financial performance in the nine months through September but the most recent quarter performance reflected signs of slowdown in the residential property market amid the soaring interest rates and in

Kosala Gamage was elected to the board of the Colombo Stock Exchange (CSE), with effect from October 20, 2022.

CIC Holdings PLC reported some solid top and bottom line performances for the three months ended on September 30, 2022 (2Q23), as the group successfully navigated the challenges in the economy coming from runaway inflation and soaring interest rates.

Sampath Bank PLC last week announced plans to raise up to Rs.5.0 billion via a BASEL III-complaint subordinated debenture to bolster its Tier II capital, with an option to upsize the issue up to Rs.10 billion, in what could be seen as the first major

The government has decided to increase the annual tax on casino operations by a hefty 150 percent to Rs.500 million, with effect from August 1, 2022, along with the increases in the other taxes imposed on betting and gaming operations.

National carrier SriLankan Airlines bagged a Gold Award in the category of ‘Marketing-Carrier’ at the 27th Pacific Asia Travel Association (PATA) Gold Awards 2022.

As Sri Lanka has taken some bold steps in recent weeks to increase state revenue by way of increasing tax rates,

The Colombo Tea Auction saw marginally higher offering this week, with quantities totalling 5.5 MnKgs.

The tea production for the month of September saw a slight dip of 1.79 MnKgs when compared with the corresponding month of the previous year.

Carbonated soft drink manufacturer Coca-Cola Sri Lanka this week unveiled in Sri Lanka its new glass bottle packaging, the ‘Big Buddy Bottle’, which will keep both the pocket and planet happy.

Sri Lankan engineering ingenuity at Colombo International Container Terminals (CICT) has given the maritime world a potentially life-saving innovation that eliminates the risks run while mooring large ships.

After competing with 15 countries over the past three months,

Sri Lanka is currently implementing the second stage of the Hydro-chlorofluorocarbon Phase-out Management Plan (HPMP) for the gradual phase-out of hydrofluorocarbons (HFCs) in the RAC sector after having successfully phased out chlorofluorocarbons (C

The Ceylon Motor Traders Association (CMTA) yesterday expressed serious concern over the viability of Sri Lanka’s motor industry in the face of the latest increases in taxes proposed by the government.

The Federation of Renewable Energy Developers (FRED) yesterday highlighted their plight with the government withdrawing the 14 percent concessionary tax on renewable energy sector and slapping it with a 30 percent corporate tax. FRED pointed out that

Colombo-based research house First Capital Research (FCR) said Sri Lanka would be able to cut its Balance of Payment (BoP) deficit to roughy a quarter of last year’s levels by the end of 2022 before flipping into a surplus next year on gradual reco

PGP Glass Ceylon PLC reported some solid top and bottom line performance in the three months ended in September amid myriad macro-economic challenges and supply chain problems although the industrial juggernaut was seen contending with soaring cost i

Sri Lanka has secured the bid to host the Miss Tourism World 2022 pageant in December this year, after competing against 15 countries.

Strategically located in the heart of the capital, lauded as Colombo’s most distinctive office space of the future, the Mireka Tower at Havelock City was ceremoniously opened yesterday by President Ranil Wickremesinghe.

British inflation jumped back above 10 percent in September on soaring food prices, official data showed yesterday, with the country gripped by a cost-of-living crisis bedevilling the government.

In another sign that the Central Bank remains resolute maintaining its current ultra-tight monetary policy through at least the end of this year,

Sri Lanka’s state-run investment promotion agency, the Board of Investment (BOI), yesterday renewed its attempt to streamline the approval process with the launch of a new one-stop shop.

As the situation in Sri Lanka continues to improve, Mastercard yesterday announced its latest effort to promote the island nation as a safe and affordable destination for inbound travellers.

An extensive study in the IT/BPM sector in Sri Lanka found that only 30 percent of the entities have embarked upon environmental, social, and corporate governance (ESG) activities, an area that is becoming increasingly important in the current global

The weeks-long foreign investor interest seen in rupee bonds during September has fizzled out, perhaps due to the expectations of further tightening of monetary policy by the United States Federal Reserve and the strengthening US dollar against the o

The Central Bank managed to sell only a fraction of the Treasury bills issued at the auction held yesterday in a reflection that majority bids had come at much higher yields although expectations are rising for the yields and the rates to ease in the

Business tycoon Dhammika Perera’s eldest daughter Donna Brindhini Perera has been appointed as a Non-Executive Director of several companies of her father’s business empire.

The Cabinet has cleared the path to establish a 12-member Cabinet Sub-Committee on economic growth and revival chaired by President Ranil....

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, announced the appointment of Dr. Sharmini Coorey as an Independent, Non-Executive Director....