REUTERS: Sri Lankan shares closed higher for a second straight session yesterday, moving further away from a near seven-year closing low hit earlier this week, as local investors bought beaten down stocks.

The Sri Lanka Chamber of Pharmaceutical Industry has welcomed the move by the government, in consultation with the National Medicines Regulatory Authority (NMRA), to gazette a 14.4 percent increase in the Maximum Retail Price (MRP) of 60 price-contro

Sri Lankans are preparing to celebrate Vesak festival which falls over the weekend. Even amid security concerns, people are seen purchasing Vesak decorations from stalls set up at roadsides in Colombo. This year Vesak festival in Sri Lanka is being c

Sri Lanka’s apparel exporters seek government support to develop a dedicated textile industry in the country to source the required fabric base for apparel exports in order to enhance the utilisation of European Union’s (EU) GSP Plus facility. In

The recent Easter Sunday bombings and the resultant economic slowdown don’t pose a major threat to Sri Lanka’s debt refinancing capacity, according to the International Monetary Fund (IMF).

REUTERS: Sri Lankan shares rose yesterday, snapping their 10-session losing streak to recover from its lowest close in nearly seven years as investors bought beaten down shares. The rupee edged higher for the second session after four straight days

Sri Lanka’s largest ship builder, the Colombo Dockyard PLC (DOCK), saw its losses widening during the March quarter (1Q19) despite a significant increase in the company’s top line performance, the interim financial accounts released to the Colomb

The Colombo Stock Exchange (CSE) has approved in principle an application submitted by the Mahaweli Coconut Plantation Limited for the listing of its shares on CSE’s secondary Diri Savi Board. The company plans to list 33.8 million ordinary voting

The Central Bank yesterday extended the suspension on the troubled non-banking financial institution, The Finance Company PLC (TFC), to consider the business restructuring proposal submitted by the company.

The sales slowed at Sri Lanka’s monopoly cigarette player, Ceylon Tobacco PLC (CTC), during the March quarter (1Q19), as CTC had to jack up the prices of some of its products, as a result of the government hiking the taxes in two instances within a

Despite the setbacks suffered by the rest of the licensed banks, DFCC Bank PLC managed to survive some of the economic vagaries to keep its performance ticking during the quarter ended March 31, 2019, the lender’s interim financial accounts showed.

The decline in the loan book, higher impairment charges and taxes dented the March quarter (1Q19) performance of Commercial Bank (Ceylon) PLC, Sri Lanka’s largest private lender with over Rs.1.3 trillion in assets, the interim financial accounts re

Swiss Ceylon Associates (Pvt.) Ltd. was founded by citizens of Sri Lanka and Switzerland who have the bond of friendship for many decades and is aiming to create a sustainable organization for the next generation of their families whom they have incl

Stafford International School, Colombo 7 yesterday categorically rejected any claim or responsibility towards the image circulating on WhatsApp and on social media platforms, claiming its teachers are posting islamophobic comments on social media.

SLT muve is a naval smart transport service introduced by Sri Lanka’s pioneering and leading telecommunication services provider – Sri Lanka Telecom group.

The Chamber of Young Lankan Entrepreneurs (COYLE) condemns all acts of violence that result in further unnecessary attacks on innocent people and damages to property.

A Briton whose bride died on their honeymoon two days after arriving in Sri Lanka was allowed to return home after a court lifted a travel ban yesterday.

(Colombo) REUTERS: Sri Lankan shares fell for the 10th straight session yesterday and closed at their lowest in nearly seven years, as sectarian violence dented investor sentiment, while the rupee edged higher after four straight sessions of losses.

CIPM Sri Lanka hosted a ceremony with the objective of honouring and appreciating the yeomen service rendered by the past presidents during their respective tenures and to recognize the Chartered Fellow Members who bring honour and recognition to CIP

Sri Lanka’s economy is not growing as fast as its potential would suggest. The final data on the country’s economic performance has not yet been collated, all forecasts point to a GDP growth rate of approximately 3.6 percent in 2018. While this i

With Chinese Vice Premier Liu He scheduled to arrive in Washington late last week, hopes and expectations were rising that the US and China were on the verge of successfully concluding a trade agreement that would cool trade tensions and restore some

Pan Asia Banking Corporation PLC reported lower profits for the quarter ended March 31, 2019 (1Q19) amid higher taxes and negative growth in the lender’s loan books, the interim financial accounts released to the Colombo Stock Exchange showed.

For the first time in Sri Lanka it is now possible to plan your financial future in a stable foreign currency with Nations Trust Bank’s newly introduced Foreign Currency Investment Plan.

NDB’s Ran Naya Pawning service now offers customers one month interest free for all pawning transactions held for more than six months.

Laying the foundation for a comprehensive digital payment ecosystem in Sri Lanka, the country’s most innovative bank, Hatton National Bank PLC, announced the launch of its own digital wallet and payment app, HNB Solo.

The Commercial Bank of Ceylon has been adjudged the ‘Social Media Brand of the Year 2019’ for the second consecutive year at the 8th Global Customer Engagement Forum & Awards in Mumbai, sharing the honour with joint Gold winner Switzerland Touri

(Dubai) REUTERS: Emirates Chief Commercial Officer Thierry Antinori has resigned, a spokeswoman said on Sunday, days after the Gulf airline announced its weakest profit in a decade.

SilkAir, the regional wing of Singapore Airlines has launched the first non-stop flights between Singapore and Busan in South Korea.

Minister of Tourism, Wildlife and Christian Affairs John Amaratunga met with British High Commissioner to Sri Lanka James Dauris this week to discuss the  improvements in the security situation post-Easter Sunday terror attacks, and informed the

A group of 12 tour operators from St. Petersburg, Russia is currently in Sri Lanka for a familiarization tour with Aitken Spence Travels.