Singer Sri Lanka PLC recorded robust sales during the three months ended in September (2Q21), with consumers buying more consumer electronics, household furniture, smartphones and laptops, as the COVID-19 pandemic demanded them to work from homes.

Two local workers and four Chinese employed at another CHEC project in Kotahena, Colombo 13, who were temporarily residing in one of the accommodation facilities at the Port City Colombo construction site, tested positive for COVID-19, during the tes

The present global pandemic has accelerated the actions of more people using computers and telecommunication-linked facilities for purposes of commercial and domestic communication.

The Cabinet of Ministers this week approved a proposal to establish a 400-acre special pharmaceutical manufacturing zone equipped with modern facilities in Hambantota.

Quick rebound in export volumes and group-wide cost efficiency measures paid off as Hayleys PLC reported robust top and bottom line performances for the quarter ended in September (2Q21), recording the group’s best ever six months.

Supported by healthy gains at the top line amid pent up consumer demand, Nestlé Lanka PLC, the local unit of Swiss food giant, reported improved earnings for the September quarter (3Q20), the interim financial accounts released to the Colombo Stock

Dialog Axiata, Sri Lanka’s premier connectivity provider, announced the launch of 5G roaming that would enable Dialog subscribers to roam on 5G networks while overseas.

The first round of promotional efforts taken to position Sri Lanka as a holiday destination amidst the pandemic has turned out successful with the ‘Couch Safari’ initiative of the Tourism Promotion Bureau becoming increasingly popular amongst int

Rating agency ICRA Lanka says the rupee would hold up its value through the end of the year as exports and remittances remain strong amid controls in place on non-essential imports and less than a half billion dollars in debt remaining to be settled

The Cabinet of Ministers this week approved the proposals to award contracts to U.A.E-based ES Energy DMCC and Singapore-based Swiss Singapore Overseas Enterprises Pte. Ltd. to procure petrol (92Unl) and diesel for the next eight months.

Ceylon Tobacco Company PLC (CTC) said its sales reached pre-pandemic highs as the cigarette volumes picked up fast to surpass the year earlier levels in the three months ended in September 2020 (3Q202). The sole cigarette manufacturer in the country

The Central Bank yesterday directed banks to extend the debt moratorium to COVID-19-affected businesses and individuals for a further six months, commencing from October 1, 2020.

Expolanka Holdings PLC secured exceptionally strong top and bottom line growth during the quarter ended on September 30, 2020 (2Q21), largely as a result of a focused and consistent strategy, along with the ability to stay agile and optimise opportun

United Motors Lanka PLC (UML) posted a group profit of Rs.366 million for its September quarter (2Q21), compared to Rs.13.5 million in the corresponding period last year, supported by the increase in revenue and margins in vehicle sales, aftersales a

Meanwhile, workers’ remittances continued to increase notably for the fourth consecutive month, recording a healthy growth of 36.1 percent in September 2020, year-on-year (YoY), to US $ 703 million.

The trade deficit continued its descent in September from a year ago, amid the rise in export earnings while the temporary restrictions on non-essential imports and low oil prices kept a check on the import bill, assisting the external sector of the

The banking sector asset quality held up during most of the third quarter, albeit weakening somewhat from the levels seen at the beginning of the year.

MTD Walkers PLC lost Rs.4.5 billion for the fiscal year ended in March 2020 (FY19/20), along with a Rs.3.4 billion hole in the balance sheet, the long overdue financial results filed with the Colombo Stock Exchange (CSE) showed.

Diversified conglomerate Ambeon Group announced the appointment of apparel industry veteran Ajith de Silva as the new chief of South Asia Textiles Limited.

Thousand five hundred drivers and riders form the cream of PickMe’s network will be deployed to handle the initial round of essentials delivery to selected isolated locations in the Western Province.

On average, a tobacco-user household spends nearly Rs.2000 per month on tobacco, constituting 4 percent of the household budget. Spending on tobacco can drive out other critical expenditures, including basic needs. This crowd-out effect would be grea

This concept termed ‘new international economic order’ is not a new one – it’s a 50-year-old concept to promote the interests of developing countries vis-à-vis developed countries in early 70s. This is relevant now because the international

The Colombo Stock Exchange (CSE) has launched an action plan to address key areas relating to the process of listing a company on the CSE with the objective of enhancing its efficiency thereby better serving the funding requirements of companies belo

Sri Lanka’s private sector credit, a key measurement of economic activities, expanded at a faster pace in September than a month before, continuing a momentum set forth in August as both individuals and businesses borrowed to sustain their consumpt

Sri Lanka Telecom PLC (SLT) reported stronger top and bottom line results for the three months ended in September (3Q20) as demand for telecommunication services surged as the pandemic upended how people work, shop, educate, interact and entertain.

People continue to shun credit card debt for the second month in a row in September although they appear to be signing up for new cards.

The Sri Lanka Association of Inbound Tour Operators (SLAITO) has thanked the government and Central Bank for taking the initiative to grant a further three-month moratorium on COVID-19 working capital loans taken by the industry.

The relief package extended by the government to the tourism sector was welcomed by stakeholders, however, the industry said further relief is required to stay afloat as the country grapples with the second wave of COVID-19.

Operations of Bodyline apparel factories of MAS Holdings in Horana and Agalawatte will begin as soon as health authorities give clearance for it, the management said yesterday.

Sri Lanka’s external foreign reserves in October were at just under six billion dollars even after the government settled a billon dollar sovereign bond earlier in the month, while the remaining outstanding dollar denominated debt for the remainder