Indra Traders (Pvt.) Ltd has partnered John Keells Hotels PLC to build a 160-room, three-star, lean luxury hotel in Kandy, with an investment of US $ 29.32 million.

Tea production in August fell 14 percent, compared to the corresponding month of the previous year, according to a leading Colombo-based tea brokerage.

The motorbike and three-wheeler tyre manufacturers in Sri Lanka have stated that there is no shortage of motorbike and three-wheeler tyres in the local market and therefore there is no need to import any.

The committee appointed to look into the malpractices that were said to have taken place in state-owned banks under the previous regime, has received over 100 complaints, according to a Finance Ministry communiqué.

The financial performance at Colombo Dockyard PLC (DOCK) soured during the three months to June, as the firm’s shipbuilding operations significantly slowed amid the COVID-19 pandemic but the ship repairing business held up, albeit weaker compared t

Massive sums of allegedly dirty money have flowed for years through some of the world’s largest banking institutions, said an international journalism investigation published Sunday, which denounced shortcomings in sector regulations.

Indra Traders (Pvt) Ltd. has partnered John Keells Hotels PLC to build a 160-room, 3-star, lean luxury hotel in Kandy with an investment of US $ 29.32 million.

The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) announced this morning that a “progressive national digital initiative” has been embarked upon by entering into a Memorandum of Understanding (MoU) wit

With multitude of challenges hampering the plantation sector, the Regional Plantation Companies (RPCs) last week vowed to launch a renewed effort to migrate into a productivity-based wage model linked to the commodity price replacing the current out

Foreigners, who stayed away from rupee denominated government securities for months, have finally returned with some heavy buying.

Despite COVID-19 related disruptions, Sri Lanka’s apex investment promotion body, Board of Investment (BOI) said it has approved agreements worth US$ 1.5 billion in the first nine months of this year.

Privately owned Raddella Holdings recently began the construction of Sri Lanka’s first and only biotech insulin manufacturing plant.

The big three listed poultry industry firms, Ceylon Grain Elevators, Three Acre Farms and Bairaha Farms are expected to have a bounty earnings season for the three months through September and possibly a higher market share as they have received a wi

The outstanding balance of total credit cards in Sri Lanka continued to add on during July, though at a slower pace compared to the previous month, implying that consumer spending continued to recover from their lows reached during April and May.

Persons employed in the broader agriculture sector have expanded from the first quarter of 2019 through the first quarter of 2020 amid a shrinking labour force, defying expectations that more people are migrating into industrial and service-oriented

Under the guidance of the Ministry of Tourism, Sri Lanka Tourism Development Authority and the Department of Trade Commerce and Tourism of Central Provincial Council have organized a three-day special programme and several other events to celebrate t

At the e-auction held on September 15th & 16th, an all-time record price of Rs.760 was recorded for a BM grade manufactured by Mahesland Tea Factory.

European Central Bank President Christine Lagarde said yesterday that there are still too few women in top jobs, and that the coronavirus pandemic has exacerbated the problem.

Ogilvy Digital of the Phoenix Ogilvy Group Sri Lanka won big at Sri Lanka’s pioneering web design competition, BestWeb.lk 2020, walking away with a tally of four awards in total.

The Commonwealth Enterprise and Investment Council (CWEIC) announced this month the appointment of Niro Cooke to its Board. Cooke, a Sri Lankan professional, is at present the youngest Board member appointed to the statutory board of the CWEIC.

Apple will launch its first online store in India next week, the Silicon Valley giant said yesterday, hoping to cash in on the country’s festive season and grow its tiny share of the booming market.

Asian and European markets traded mixed yesterday with investors anxious over the reimposition of coronavirus restrictions, the stuttering global economic recovery, and US lawmakers’ failure to agree on new stimulus.

The Sri Lanka Automotive Component Manufacturers’ Association (SLACMA) recently announced that the government is actively seeking to promote automotive assembly with locally secured components, in order to boost the industry and create better job o

The Government of Sri Lanka is inviting supplier community to register with Electronic Government Procurement System (e-GP System) that wishes to supply goods, work and consultancy and non-consultancy services to the government.

The Sri Lanka Automotive Component Manufacturers’ Association (SLACMA) says the government is actively seeking to promote automotive assembly with locally secured components, in order to boost the industry and create better job opportunities.

The government yesterday did not mince its words to clearly lay out what is expected from the country’s capital market as the stakeholders were told to venture out from their comfort zones and work judiciously towards the development and expansion

Sri Lanka’s vehicle registrations in August slumped across the board barring a few commercial vehicle categories as protracted controls in place on personal vehicle imports put a damper on an otherwise soaring sector at a time borrowing cost hovers

National Development Bank PLC (NDB), Sri Lanka’s fourth largest listed bank, successfully raised Rs.6.5 billion through a five-year Basel III complaint, tier II,listed, rated, unsecured, subordinated, redeemable debentures with a non-viability conv

Trade Minister Bandula Gunawardana said he proposed to the President and the Cabinet this week to allocate half of the export CESS tax revenue to assist entrepreneurs through the Export Development Board (EDB).

Laugfs Gas PLC fully owned subsidiary, Laugfs Terminals Ltd., yesterday celebrated the 100th ship call for loading of LP Gas at its port-based, all weather LP Gas storage and transhipment terminal complex located at the Hambantota port.