Poultry industry stocks gained sharply on the Colombo Stock Exchange (CSE) yesterday with the Cabinet of Ministers deciding to ban cattle slaughter in Sri Lanka.

Softlogic Capital PLC, the financial sector holding company of the diversified Softlogic Holdings PLC yesterday said it has agreed to buy the majority stake of Abans Finance PLC from Abans PLC in a Rs.995 million deal.

Moody’s Investors Service yesterday downgraded the long-term foreign currency deposit ratings of Bank of Ceylon (BOC), Hatton National Bank PLC (HNB) and Sampath Bank PLC to Caa1 from B3, and the banks’ long-term local currency deposit ratings to

Stock market regulator, the Securities and Exchange Commission (SEC) yesterday said significant contributions to market turnover have been recorded from key cities in the country apart from capital Colombo. “Significant contributions to turnover ha

Sri Lanka-India relations are multifaceted and are characterised by strong civilisational links that span many millennia. Currently, trade and economic relations are structured around an institutional and legal architecture, which includes regional p

Moody’s Investors Service yesterday downgraded Sri Lanka’s long-term foreign currency issuer and senior unsecured ratings to Caa1, from B2 and changed the outlook to stable, after more than five months since the rating agency put the country’s

The main All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) yesterday crossed the 6,000-point psychological threshold, amid aggressive play on a couple of illiquid stocks, which have limited public free float.

Sriyan De Silva Wijeyeratne, who has been serving as Managing Director of Hemas Manufacturing and Group Digital Lead since May this year, has been appointed as an Executive Director to the board of Hemas Holdings PLC, with effect from October 1, 2020

Homegrown mid-sized technology service player, 99X yesterday said it is gearing up for a new wave of growth, one that would move beyond the borders of Sri Lanka, following the “complete” digital transformation of the entity.

Despite the challenges, Sri Lanka’s tea industry, with state assistance, is hoping for a gradual transformation to a sophisticated industrial enterprise by venturing into the production of a wide range of value-added products while enhancing effort

The deficit between the government’s revenue and expenditure for the seven months ended July 2020, expanded by Rs.188.5 billion, declining from the deficit of Rs.214 billion recorded for the first six months, while the data showed tax revenues maki

The new lending rates, the rates which capture the prices of a broader spectrum of loans from small businesses to house mortgages to personal loans, have further moved downwards in August, in a sign that the excess liquidity and aggressive monetary e

High-net-worth investor Dr. T. Senthilverl has upped his stake in Industrial Asphalts (Ceylon) PLC (ASPH), to over 10 percent, the Colombo Stock Exchange was informed yesterday.

Moody’s Investors Service today downgraded the Government of Sri Lanka’s long-term foreign currency issuer and senior unsecured ratings to Caa1 from B2 and changed the outlook to stable.

The main All Share Price Index (ASPI) of Colombo Stock Exchange (CSE) today crossed the 6, 000 point psychological mark amid aggressive play on a few illiquid stocks, which have limited public free float.

A fun-packed event themed ‘Passing of the Baton’ was held last week to mark Kasthuri Chellaraja Wilson taking over as the Group CEO of diversified conglomerate Hemas PLC from October 1, 2020. The picture shows the outgoing Group CEO Steven Ender

Private sector credit made a strong rebound in August as banks ramped up disbursements of credit to private borrowers, from large to small businesses and individuals as economy gathered pace after the coronavirus put a dampener on credit growth durin

Worker remittances to Sri Lanka rose in August, continuing its ascent for the fourth month in a row, alleviating fears that the key foreign exchange income to the country will leave a deeper hole adding to the external pressures triggered by the cor

Sri Lanka’s booming FinTech industry’s lack of focus on technological innovations such RegTech products in enhancing regulatory compliance is creating serious challenges in ensuring anti-money laundering/combating the finance of terrorism (AML/CF

The Ceylon Chamber of Commerce will be organising the 20th Sri Lanka Economic Summit (SLES) on 1st and 2nd of December 2020 at the Shangri-La Hotel, Colombo.

EY recently announced the expansion of the EY Foundry start-up incubator programme to cover Australia, New Zealand and the ASEAN markets of Indonesia, Malaysia, Philippines, Singapore and Sri Lanka.

JK Land Private Limited (JK Land), a fully owned subsidiary of John Keells Holdings PLC (JKH) last week acquired a further 26.7 percent equity stake of Vauxhall Land Development Private Limited (VLDL), an existing subsidiary of JK Land, which owns 9.

Diversified conglomerate Hayleys PLC is seeking to partly divest its Singer Sri Lanka PLC stake in less than three years into its blockbuster acquisition of the consumer durables behemoth as the group accumulated debt throughout its acquisition spree

US securities regulators charged BMW with inflating its retail sales volumes to investors, fining the luxury car company US$ 18 million in a settlement announced Thursday.

The Pathfinder Foundation (PF), Institute of South Asian Studies (ISAS) and National University of Singapore (NUS) have scheduled a webinar on Monday (28th) at 3.30 p.m. - 4.45 p.m. on Sri Lanka’s foreign policy imperatives under the Rajapaksa admi

Hundreds of miners have joined a strike in Poland this week by staying underground after their shifts in protest as Poland comes under pressure from the EU to phase out coal mines.

Asian markets rose yesterday on bargain-buying after another torrid week for investors, who are growing increasingly concerned about US lawmakers’ failure to even hold talks on a new stimulus and surging virus infections that are prompting fresh co

Pelwatte Dairy Industries, Sri Lanka’s leading local dairy producer, is on a renewed mission to meet the domestic milk demand and uplift the socio-economic status of local dairy farmers.

The Korea International Cooperation Agency (KOICA) in partnership with Korean NGO ‘The Lamp Lanka’ helps estate communities in Central Province to strengthen COVID-19 response capacity by providing essential food items and hygiene products.

In a global climate where China has established its standing as the second largest and fastest growing economy in the world, the extent of the country’s scale and integration has meant that proficiency in Chinese has become a coveted asset.