With environment, social and governance (ESG) factors becoming vital determinants of investment decisions, it is crucial for Sri Lanka’s listed firms to effectively measure and communicate ESG performance and impacts to their stakeholders.

INSEE Cement Sri Lanka yesterday said that it would be passing on the tax reduction benefits to its consumers and industrial customers.

The government has increased excise taxes to maintain the overall taxes on cigarettes, effective from December 1, following the reduction in the Value-Added Tax (VAT) and abolishing of the Nation Building Tax (NBT).

The Ceylon Chamber of Commerce (CCC), the country’s premier representative of the private sector, yesterday said it is optimistic that the revisions of taxes and levies announced by the new government would stimulate the economy.

(Colombo) REUTERS: Sri Lankan shares dipped yesterday, weighed down by consumer staple companies and as foreign selling dented sentiment, while the rupee ended stronger.

In its series of recommendations from page 911 to page 922 of its report, the Presidential Commission to Inquire into the Bond Scam (Bond Commission) has, inter alia, recommended as follows:

We believe that climate change is one of the greatest threats that we, as Sri Lankans, will face in the future. Therefore, we intend to provide our readers with local and international content with the objective to educate and inspire. We would also

Colombo bourse indices edged down marginally after hitting a 17-month high on Monday on concerns stemming from the likelihood of a significantly widened budget deficit for this year. The benchmark All Share Price Index closed 0.24 points down at 6214

Sri Lanka’s largest international bank, HSBC Sri Lanka and International Union for Conservation of Nature (IUCN) have joined hands to develop a cohesive low carbon development transition strategy for the local apparel industry. The strategy aims to

ECONOMYNEXT: Sri Lanka’s tax cuts could cost around Rs.500 to 550 billion a year, but will boost economic growth and future tax revenues, State Minister for Investment Promotion Keheliya Rambukwella said. “According to our calculation, we may los

NEW YORK (Reuters) - The New York Stock Exchange (NYSE) said yesterday it had filed with the U.S. Securities and Exchange Commission to allow companies going public to raise capital through a direct listing, instead of an initial public offering. Th

Sri Lankan insurers’ risk-based capitalisation (RBC) ratios have fallen with the adoption of new accounting standards for lease contracts; SLFRS 16, the local equivalent of IFRS 16, Fitch Ratings says.

Dialog Axiata Group and Daraz Sri Lanka have entered into a strategic partnership to collaborate on digital commerce.

The Finance Ministry yesterday said this year’s budget deficit is likely to settle around 7 percent of gross domestic product (GDP) due to significant dip in revenue amid slow growth and increase in election-related spending.

The government plans to provide immediate debt relief to the struggling small and medium-sized enterprises (SMEs), microfinance borrowers and to the borrowers in the agricultural sector.

Colombo’s upcoming major mixed development, Cinnamon Life, yesterday announced the visit of the legendary emerging market investment pioneer, Dr. Mark Mobius, for an exclusive breakfast forum hosted by the premier lifestyle brand.

Sri Lanka’s fruit and vegetable producers, processors and exporters recently urged the government to enact the long-delayed Plant Varieties Protection Bill, commonly known as plant breeder’s rights law, to boost fruit and vegetable exports by att

The Monetary Board of the Central Bank has granted the approval to cancel the licence issued to Lankaputhra Development Bank Limited (LDBL), with effect from April 1, 2019, with the completion of the merger of LDBL with Pradeshiya Sanwardhana Bank (P

(Colombo) REUTERS: Sri Lankan shares closed nearly unchanged yesterday, steadying at a 17-month high hit in the previous session, as positive sentiment surrounding tax cuts by the country’s new government continued to cheer investors, while the rup

The Ceylon Motor Traders Association (CMTA) yesterday confirmed that the sole authorised dealer for Audi in Sri Lanka, Drive One (Pvt.) Ltd, was not in any way involved in the alleged duty fraud that has cost the government a large sum of money.

The leading provider of cement in the country, INSEE Cement Sri Lanka, has created a commendable milestone in its corporate journey by introducing an i2i (innovation to industry) open collaboration space to upgrade the national construction industry.

Grit Property Group, a reputed global commercial and residential real estate investment and management firm, will be hosting a property investment and migration workshop targeting individuals, families, investors and companies wishing to diversify th

An increasing number of families are now opting to move to luxury apartments in search of a self-contained environment with easy access to essential facilities like quality schools, hospitals and the airport.

This is in response to the suggestion made by Daily Mirror to its readers to participate in finding solutions to climate change related problems.

The healthcare systems of many countries face considerable challenges in dealing with demographic transformations, and to cater to the consequent emerging health care needs.

The recently introduced fiscal stimulus package should be accommodated within a stable framework without comprising Sri Lanka’s fiscal and debt sustainability, the Central Bank (CB) stressed last week.

Aitken Spence PLC emerged victorious at the highly competitive Best Corporate Citizen Sustainability Award (BCCS) 2019, an award ceremony hosted by the Ceylon Chamber of Commerce in order to acknowledge and celebrate sustainability initiatives undert

Advocata Institute in a statement welcomed the newly appointed selection board for screening appointments of State-owned enterprises (SOEs).

The Hotel Association of Sri Lanka (THASL) welcomes government’s latest tax bonanza and commends it for implementing election pledges speedily.

The Central Bank (CB) had received fraudulent financial documents from an investor who was looking to restructure the troubled finance firm, The Finance Co. (TFC) as the firm’s licence is due to expire by end of this month.