Teejay Lanka PLC managed to report a slight increase in the bottom line for the final quarter ended in March 2018 as the weft knitted fabric maker continued its positive march in quarterly earnings it set out in December quarter.  

Tourist arrivals to Sri Lanka for the month of April rose 12.6 percent year-on-year (YoY) to 180, 429 amid higher arrivals from Asia & Pacific and Europe, the data released by Sri Lanka Tourism Development Authority (SLTDA) showed.

Sri Lanka’s trade gap widened considerably to US $ 1.06 billion in February from US $ 743 million a year earlier, while the cumulative gap for the first two months of the year expanded to US $ 2.1 billion from US $ 1.68 billion during the same

Litro Gas Lanka Ltd recently announced the price hike of a Litro gas cylinder (12.5kg) by Rs.245, following the approval from the Consumer Affairs Authority (CAA). “The price increase was a necessity and a long overdue step that the company was

Higher loans, stretched margins and fee incomes helped Sampath Bank PLC to record higher earnings for the quarter ended in March 2018, offsetting the negative impact from the increased provisions made on possible bad loans. 

Sri Lanka’s largest supermarket operator, Cargills Food City said it would offer 500 grammes of pumpkin to every customer, whose bill value exceeds Rs.750, in a bid to help out the pumpkin farmers in Nawagaththegama.

Sri Lanka should keep its options open when it comes to electricity generation to secure the country’s energy future and meet the increasing demand as its economy grows, according to energy sector experts at the Asian Development Bank (ADB).

Distilleries Company of Sri Lanka PLC reported a surge in profits for its January-March quarter (4Q18), as the country’s largest and oldest spirit maker increased the prices to pass on higher taxes on alcoholic beverages in November, last year.

Diversified conglomerate Softlogic Holdings PLC has entered into a master franchise agreement with France’s Delifrance S.A., to develop, open and operate Delifrance outlets in Sri Lanka with its trademarks.

Leaders often can encounter ‘information overload’ in their work. They know the importance of measuring results but can find themselves faced with an overwhelming hodgepodge of numbers rather than a simpler and more focused set of data th

When it comes to risk, here’s a reality check: All investments carry some degree of risk. Stocks, bonds, mutual funds and exchange-traded funds can lose value, even all their value, if market 

Plantation Industries Minister Navin Dissanayake yesterday asserted that the populist government interventions in Sri Lanka’s rubber industry have indirectly led to subsidization of big businesses as well as to corruption, 

The 8th edition of the tourism and travel fair ‘Sancharaka Udawa’ was inaugurated by Tourism Minister John Amaratunga at the BMICH yesterday.  The two-day event which is being organized by Sri Lanka Association

Minister of Finance and Media Mangala Samaraweera who is currently attending the 51st Annual meeting of the Asian Development Bank (ADB) in Manila held discussions with In-Chang Song, an Executive Director of the Board of ADB at the ADB Headquarters

At a time when ‘youth are a rare resource’, the need to give priority to Occupational Health and Safety (OSH) measures at the workplace is unprecedented, observed the Director General, Employers’ Federation of Ceylon (EFC), Kanishka

The President of The Hotels Association of Sri Lanka (THASL) Sanath Ukwatte said the recent incidents in Mirissa and harassment of foreigners in general has brought in great disrepute and has tarnished the cou

The Tea Exporters Association (TEA) welcomes the government decision to lift the ban on use of glyphosate weedicide on tea and rubber plantations. The Association thanks the President and the Prime Minister for the decision taken in the best interest

REUTERS: Asian shares fell yesterday while the dollar ran into some profit-taking after several weeks of strong gains as financial markets turned their attention to looming U.S. payrolls data for fresh catalysts.

Sri Lanka has attracted US $465 million in Foreign Direct Investment (FDI) in the first quarter of 2018 (1Q18), exceeding the Board of Investment (BOI) target of US $378 million for the period, Development S

There is a long-standing debate about whether development assistance should finance tertiary education. The debate largely revolves around the impact of public subsidies for university students on income distribution and equity.

Nearly 70 percent of the world’s poor live in rural areas and rely on agriculture for their livelihood. Target 2.3 of the Sustainable Development Goals (SDGs) aims to double the agricultural productivity and incomes of small-scale food producer

In 2015, 193 countries adopted the 17 Sustainable Development Goals (SDGs) as an overarching policy roadmap through 2030. These goals are predicated on the idea that for a sustainable future, economic growth must go hand-in-hand with social inclusion

Former Central Bank Governor Ajith Nivard Cabraal yesterday claimed that the government has meddled with GDP calculations in 2014, 2015 and 2016 to increase the real GDP growth rate of 2016 from 2.2 percent to 4.4 percent.

REUTERS: Sri Lankan shares ended marginally firmer, led by financials, though gains were muted as investors looked for fresh cues from political and economic fronts, brokers said.

REUTERS: The Sri Lankan rupee ended steady yesterday, holding near the record low hit in the previous session, as importer dollar demand was met by greenback sales by state banks, dealers said, while a top Central Bank official warned against 

Transparency and a clear communication strategy were presented as the key factors behind the success of the Public-Private Partnership (PPP) Centre of the Philippines—a case in point where Sri Lanka could definitely take 

 The Asian Development Bank (ADB) yesterday said it would substantially increase its lending to Sri Lanka this year as the country has undertaken larger development projects in rece

Tourists were seen sunbathing at the Trincomalee Beach in Sri Lanka’s Eastern Province, despite the heat-wave advisory issued by the Meteorological Department yesterday, that included the Eastern Province

Sri Lanka’s Finance and Mass Media Minister Mangala Samaraweera arrived in Manila, the Philippines, yesterday to take part in the 51st Annual Meeting of the Asian Development Bank’s (ADB) Board of Governors.

President Maithripala Sirisena has intervened in removing the exorbitant service charges slapped by the National Gem and Jewellery Authority (NGJA) on gem and jewellery exports and asked the NGJA Chairman and Director General (DG) to tender their res