MAS Holdings has appointed Suren Fernando as Chief Executive Officer with effect from January 1, 2020, the first non-family CEO to lead South Asia’s largest apparel manufacturer.

Sri Lanka’s export sector has been given an ambitious revenue target of US$ 18.5 billion this year, where merchandise exports are expected to contribute US$ 13.5 billion and services US$ 5 billion.

The Central Bank (CB) has decided to extend the deadline for SME credit support programme which includes a loan moratorium, up to February 10 while expecting around Rs.300 billion SME loans to be rescheduled under the loan moratorium.

The Central Bank (CB) has submitted five complete forensic audit reports on the past bond transactions along with annexures and exhibits to Parliament following the Speaker’s request, a top CB official said.

Manjula de Silva will assume duties as the Secretary General and CEO of the Ceylon Chamber of Commerce, from February 1.

Data is growing at an unprecedented rate. In fact, 90 percent of the world’s data today were created within the last two years alone, which is mind-blowing.

Sri Lanka must further strategise its trade policy pursuing trade openness, as the country’s trade reaches uncharted territory amid the scheduled expiration of the GSP Plus concession in 2023, Brexit and intensifying competition from other trading

Premier blue chip John Keells Holdings PLC (JKH) showed resilience in its key business segments during the quarter ended December 31, 2019 (3Q20), with only the leisure segment being a laggard after the Easter attacks erased the earnings and some pro

The apex body of Sri Lanka’s foreign employment agencies, the Association of Licensed Foreign Employment Agencies (ALFEA), says it is powerless to act against the errant foreign employment agencies, which are exploiting the country’s migrant work

Fitch Ratings yesterday said the loan moratorium for the small and medium-sized enterprises (SMEs) and the broader credit support scheme announced by the government will keep Sri Lankan banks’ asset quality weak and result in prolonged unwinding of

The United Kingdom has updated its travel advice on Sri Lanka following the confirmation by the Sri Lankan Health Ministry that a patient has tested positive for coronavirus.

The majority of Sri Lanka’s private sector wants the government to play a supportive role in facilitating and promoting joint ventures between Chinese and local firms to fully harness China’s benefits of the Belt and Road Initiative (BRI).

Piramal Glass Ceylon PLC, Sri Lanka’s only glass bottle manufacturer, saw its December quarter (3Q20) earnings surging amid higher domestic sales, stoked by festive season.

Evacuating foreign nationals from the epicentre of China’s deadly virus outbreak is unnecessary, the World Health Organisation said on Tuesday according to state media.

The Small Hydro Power Developers Association (SHPDA) seeks President Gotabaya Rajapaksa’s intervention to sort out issues in the mini hydro sector, which has been stagnant since 2016 due to the Ceylon Electricity Board (CEB) halting the implementat

Ceylon Cold Stores PLC delivered robust performance for the quarter ended December 31, 2019, as the country’s largest consumer food company by revenue managed to sustain its top line growth.

Businessman Ravi Wijeratne’s offer to purchase MTD Walkers PLC from its parent has expired as there had been no positive development or progress on the intended transaction.

Following is the speech delivered by the President of National Chamber of Commerce of Sri Lanka Asela de Livera at the 61st Annual General Meeting held on January 21st at Hotel Kingsbury.

When I look at old pictures from my childhood in Germany, I see with fresh eyes how my grandmother and my mother went about their day on our farm, milking cows, working hard, and contributing to our family’s livelihood. They were strong independent

The value of a currency depends on a number of factors that affect the economy of a country, such as balance of payment, government debt, foreign exchange reserves, foreign investment, trade deficit, economic growth rate, inflation, macroeconomic pol

LB Finance launched its mobile wallet, ‘LB Cash-In-Mobile’ (CIM) with the aim of revolutionising the traditional cash payment habit among the Sri Lankans. CIM is essentially a smartphone app that functions as a digital wallet. In fact, it is a s

The government has been told to rethink the current tax duty structure on vehicle imports and Luxury Tax, as they have effectively put a lid on vehicle imports in excess of 1,600cc engine capacity.

World stock markets and oil prices plunged yesterday, as panicking investors bolted for safer assets after China warned that the spread of a deadly coronavirus was accelerating.

First Capital Research (FCR) expects the Monetary Board of the Central Bank to maintain the policy rates at the upcoming monetary policy review—the first one for 2020—on Thursday, as there is ample space for the market lending rates to come down

Sri Lanka’s Regional Plantation Companies (RPCs) are scheduled to submit a new wage model to Secretary to President Dr. P.B. Jayasundera today, to facilitate the state-mandated wage hike for plantation workers from March 1.

BPPL Holdings PLC said its top line growth was constrained by the use of its recycled plastic—a key ingredient in the making of brush and brush filament—for trials in its new yarn plant, which was not in full commercial production by end-December

John Keells Hotels PLC (KHL) continued to remain in red for the consecutive third quarter ended December 31, 20419 (3Q20), amid higher losses recorded by the group’s both Sri Lankan and Maldives operations.

The Rs.750 million debenture issue by the primary dealer, First Capital Treasuries PLC, was oversubscribed yesterday.

The advances in technology have made nearshoring – the practice of shifting production operations to a nearby country closer to the end market – and reshoring – bringing back offshore production back to the home country – more viable for appa

Following is the speech delivered by Central Bank Governor Deshamanya Prof. W. D. Lakshman at the 61st Annual General Meeting of the National Chamber of Commerce held recently.