The Sri Lanka Tourism Development Authority (SLTDA) this week partnered with the Urban Development Authority (UDA) to expedite the investment approval process by streaming it to cut down the project approval time period by half and reduce costs. 

Sri Lanka’s largest shipbuilder, Colombo Dockyard PLC (DOCK), which operates in collaboration with Japan’s Onomichi Dockyard, saw its net losses widening during the April-June quarter (2Q18) amid rise in costs and slowdown in income from

Colombo (REUTERS): Sri Lankan shares ended marginally weaker yesterday, marking their fifth straight session of losses, as foreign investors sold market heavyweight John Keells Holdings amid global worries.

Both the manufacturing and services sector experienced some slowdown in July, according to the Purchasing Managers’ Index (PMI) compiled by the Statistics Department of the Central Bank.

Sri Lanka’s banking sector woes will persist through the remainder of the year and possibly spill over into 2019, if the country’s wobbling economy continues to hurt the investment and consumer sen

Backed by the strong growth in loans and operational efficiencies, Sri Lanka’s second largest private sector lender in terms of assets, Hatton National Bank PLC (HNB), reported solid performance for its April-June quarter (2Q18), the interim fi

Colombo (RETUTERS):  The Sri Lankan rupee hit an all-time low for a second straight session yesterday, as importers bought dollars amid fears the local currency could depreciate further tracking weakness in emerging-market currencies, dealers sa

Commercial Bank of Ceylon PLC reported some solid financial performance for the quarter ended June 30, 2018 (2Q18), as the country’s largest private sector lender saw strong growth in new loans and deposits.

The recent new acquisitions weighed on the bottom line of the diversified conglomerate Hemas PLC during the quarter ended June 30, 2018 (1Q19), the interim financial accounts released to the Colombo Stock Exchange showed.

Following is a speech delivered by former President Mahinda Rajapaksa recently at the graduation ceremony of Oxford College of Business Colombo.

A key assistant type to a powerful politician in the current government is showing great promise when it comes to wealth accumulation.

A chairman of a statutory body that is involved in regulating an emerging industry we hear has hired 21 consultants.

The free trade arrangement (FTA) that was signed recently with an ASEAN country is set to run into hot water. A militant religious leader is getting ready to take on the architect of the FTA publicly and float a no confidence against the man for what

Sri Lanka’s largest aluminium extrusion manufacturer, Alumex PLC, a subsidiary of the Hayleys group, on Tuesday announced aggressive plans to sharply increase its aluminium extrusion exports to 10 percent from the current 2 percent and to tap i

Guardian Capital Partners PLC (WAPO), a unit of the Carson Cumberbatch group, on Tuesday said it is terminating a joint venture (JV) agreement it had entered into with a foreign party due to the “current economic conditions and unfavourable inv

The Monetary Board of the Central Bank yesterday said it has decided to extend the suspension of business and activities of the primary dealer operations of Pan Asia Banking Corporation PLC (PABC) for a period of six months, with effect from today.

Sri Lanka has been a country repeatedly hit by trade union strikes and street protests for past few years. Labor is one of the key factors that drive economic growth, in addition to capital. There are more labour-intensive industries than capital-int

The former foreign ministering type is livid with his party that he has not been given the portfolio back despite many promises by the green leader and the presiding type. The man, who is well known as a mover, is getting ready to make his next move

Sri Lanka will launch the long-delayed six-month digital marketing campaign in top source markets in Europe—the United Kingdom, Germany and France—from end of August, after the Cabinet of Ministers on Tuesday approved the Cabinet paper pr

Having decided a few years ago to make my permanent home in the remote village of Samagipura in the Anuradhapura District, I have been reawakened too much. The intention to seek village life and roots of my ancestors has been rewarded in many ways. S

A state-owned entity in the communications set up has mismanaged its finances to such a level that the entity has started to delay payments to its creditors. No creditor wants to take on the institution, given the size of its reach and the power the

The poor coordination of agricultural policies among government agencies, disharmony between agricultural and trade policies and the lack of congruence between agricultural and other national policies and goals, have become major roadblocks to uplift

The Sri Lanka Tourism Development Authority (SLTDA) Monday announced the relaunch of the annual Sri Lanka Tourism Awards, which is scheduled to be held on December 6, following a six-year hiatus.

(Colombo) REUTERS: The Sri Lankan rupee hit a near-record low yesterday on weakness in emerging-market currencies including the Indian rupee, and importer dollar demand, dealers said.

The excise duty reforms on beer in November last year have delivered social and financial returns to all stakeholders, Sri Lanka’s largest brewery, Lion Brewery (Ceylon) PLC (LION) said releasing its first quarter results for the 2018/19 finan

Sri Lanka’s banks will see a rebound in private sector credit triggered by the acceleration in consumption towards mid-2019, as the election minded-government is likely to loosen its grip on the tight spending and offer fiscal handouts to buy v

(Colombo) REUTERS: The Sri Lankan rupee hit a near-record low yesterday as weakness in emerging market currencies weighed, but later recovered to end the day flat, dealers said.

Chevron Lubricants Lanka PLC saw a growth in the company’s sales during its most recent financial quarter ended on June 30, 2018 (2Q18), ending a long losing streak in its quarterly revenues and made an operating profit, compared to what it pos

The director board of Sri Lanka Telecom PLC (SLT) has resolved to go for a private placement of shares to meet the minimum public free float requirement as per the Colombo Stock Exchange Listing Rules.

(Mumbai) REUTERS: China is exporting textiles to India through Bangladesh to get around a tax increase on imports, undermining New Delhi’s efforts to support local manufacturers, industry sources said.