The results of Sri Lanka’s local government elections held on February 10, 2018 are causing unexpected political turmoil in the country. The resounding electoral performance of former president Mahinda Rajapaksa’s newly-formed party, Sri

Looking back over its past three years in management, common belief holds that the government needs to get its priorities right. The unfortunate events of Kandy and its enduring aftermath are a culmination of mismanagement of affairs by the powers th

DHL Express, the world’s leading international express services provider, announced the launch of a new innovative DHL Locker. This is part of its global On Demand Delivery service offering, providing customers with an innovative and convenient

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider and the exclusive partner network for Samsung in Sri Lanka, announced the launch of the Samsung Galaxy S9 and S9 Plus along with pre-order facilities. 

The International Women’s Day is always an important marker in my calendar and this year’s theme ‘Press For Progress’ couldn’t be more exciting.

The Maldives International Education and Career Expo will be held for three consecutive days on March 29, 30, and 31, 2018, in Male´. 

IPM Sri Lanka – the nation’s leader in human resource management, conducted its popular IPM Certified HR Auditor Programme in collaboration with TV Rao Learning Systems (TVRLS), India recently at OZO Hotel in Colombo.

Finlays Colombo Limited has entered into a joint venture agreement with two wholly-owned subsidiaries of the John Keells group for the development of its land at 186, Vauxhall Street. 

Armed with a new strategic plan, National Development Bank PLC’s (NDB) new Director/CEO Dimantha Seneviratne says he and his team are ready to take the bank to the next level and transform NDB to one of the systemically important private sector

Sri Lanka’s banks are expected to face a yet another challenge, this time from a new accounting standard, which came into effect on January 1, 2018.  The new International Financial Reporting Standard 9 issued on financial instruments wil

REUTERS: The Sri Lankan rupee ended weaker yesterday due to importer dollar demand while late exporter sales of greenback capped the fall, dealers said. The rupee which traded at 155.83 during the day closed at 155.70/75 per dollar, compared with Mon

REUTERS: Sri Lankan shares rose slightly yesterday and posted their highest close in nearly two weeks as investors picked up beverage and telecom stocks, and foreign investors returned to the market following a communal violence last week, dealers sa

Private credit growth may exceed the Central Bank projections of 13.5 percent for 2018 by a significant margin if the agriculture sector recovers this year, according to Hatton National Bank PLC (HNB), Sri Lanka’s second largest private lender

Fifty three tea factories are facing the prospects of having their licences revoked in the near future, after getting caught adulterating tea during a regulatory survey, the Sri Lanka Tea Board said yesterday.

After concluding the two-day official visit to India, President Maithripala Sirisena arrived in Japan yesterday to further strengthen the long-standing bilateral relations between Japan and Sri Lanka, the President’s Media Unit said.

The Sri Lanka Tourism Promotion Bureau (SLTPB) conducted a well-coordinated media campaign at ITB 2018 in Berlin last week, the Tourism and Christian Religious Affairs Ministry said in a statement. As part of this campaign, a high-profile press confe

The officials behind the now defunct Lanka Rating Agency (LRA) have sent a fresh application to the Securities and Exchange Commission (SEC) requesting permission to re-enter credit rating space in the country, Mirror Business learns.

The Laugfs group is expecting its heavily indebted, loss-making hospitality subsidiary, Laugfs Leisure Ltd, to break even by the 2020 financial year, after going public this year.

The country’s largest conglomerate, the John Keells group, has won a government tender for two land plots in the Muthurajawela sand fill area for the next 30 years to conduct logistics operators.

Fitch Ratings Lanka Chief Executive and Country Head Maninda Wickramasinghe last week said Sri Lanka has too many banks, insurance and finance companies, much more than the country needs and the proliferation of such companies has left scant scope fo

The situation in Kandy shamefully took a deeper communal turn after the attacks on the religious sites and shops in the Digana and Teldeniya areas in Kandy. After 30 years of war, we, Sri Lankans, have still not learnt that we should never exploit, i

Communal violence is not new in Sri Lanka and has raised its ugly head periodically since independence in 1948. 

‘Nelna’, under its agricultural arm Nelna Agri Development (Pvt.) Ltd, has cultivated 60,000 mango plants following the global good agricultural practices (GGAP), in 650 acres in the Ratnapura and Monaragala Districts. It has achieved its

In the milieu of various risks that banks encounter in financial intermediation, the broadly classified risks are (i) Credit risk (ii) Market Risk and (iii) Operational risk. Despite sufficient regulatory rigor and bank’s own integrated risk ma

Following is based on the speech delivered by Plantations Industries Minister Navin Dissanayake at the National Institute of Plantations Management (NIPM) National Symposium.

The recently concluded Sri Lanka Ceramic and Glass Symposium 2018, the seventh of its kind to be held in Sri Lanka, saw a memorable and insightful keynote delivery by the renowned MAS Holdings Chairman Mahesh Amalean.

Citizens Development Business Finance PLC (CDB) is raising up to Rs.2.0 billion via corporate bonds to fund its aggressive growth during the ensuing financial year, as the company has been seeing some handsome growth in assets and profits during rec

The Sri Lankan government has entered into two emergency power deals with the private sector at a hefty cost to the tax payer, as the inadequate rainfall in main catchment areas has reduced the country’s hydro-power generating capacity. 

Sri Lanka’s economic growth is set to pick up pace with reforms largely remaining on track, and the authorities should now push for more liberalised factor markets and take steps to close a “sizeable gender gap” for inclusive growth

Sewing machine producer Singer Industries (Ceylon) PLC is diversifying its manufacturing into components and accessories manufactured and marketed by the Singer Group due to falling demand for traditional sewing machines and resultant excess product