business Sri Lanka

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Consumer price inflation in Colombo has risen to 5.5% in January 2017. From a year ago and inflation calculated for December 2016 was 4.5% .YoY inflation of Food Group has increased...

Dipped Products Limited Group (DPL) turnover for the nine months of the financial year 2016/17 was Rs. 18 billion, compared to Rs.16 billion for the same period of the previous...

Trade agreements with India and Singapore will not lead to a major turnaround in FDI inflows to Sri Lanka, Institute of Policy Studies of Sri Lanka Deputy Director Dr.Dushni...

 Sri Lanka’s ability to benefit from the Madrid Protocol is hobbled by the delays in local trademark registration,Verite Research said. Despite the significant growth...

Tilko Jaffna City Hotel is looking to build a city hotel in Colombo and have expanded their foot print in Jaffna as well with three new hotels.The company which has interests...

 Cuban Ambassador to Sri Lanka Juana Elena Rodrigues invited the Sri Lankan business community to explore business opportunities in pharmaceutical, renewable energy,...

Fitch Ratings believes firm demand will absorb higher prices caused by the introduction of value added tax (VAT). The government introduced VAT of 15% on alcoholic beverage...

Revenue loss to country could exceed Rs 700 billion     A minister’s effort to obtain cabinet approval to provide duty rebates for used vehicle parts imported to...

Selacine Television Institute the only government advertising agency in Sri Lanka, celebrates its 35th anniversary on February 2, 2017. Selacine Television Institute’s vision...

Toyota Lanka launched the Toyota Genuine Battery at Ceylon Motor Show on January 28. Exclusively engineered and individually designed for each Toyota model, this battery is...

Saegis University Campus, Nugegoda, which is renowned for quality education and its affiliations with Prestigious International Universities in UK, Scotland and Australia...

Lanka Hospitals and the National Insurance Trust Fund (NITF) for the 7th consecutive year, entered into an affiliation offering government employees access to high quality...

Colombo equities demonstrated positive investor sentiment yesterday. The Benchmark Index, ASPI closed the day at 6,140.54 points, gaining 2.84 points or +0.05%. Foreigners took...

Sri Lanka’s foreign direct investment (FDI) dived 54% to US$ 450 million in 2016 year-on-year, as against US$ 970 million in the previous as inconsistent tax and economic policies...

The Central Bank of Sri Lanka (CBSL) has extended the time allocated to raise Amana Bank’s Core Capital to Rs 7.5 billion from January 1 to June 30 2017. The Bank is required to...

Dubai carrier Emirates said it has adjusted its crews for flights to the United States following President Donald Trump’s travel ban on people from seven predominantly Muslim...

Ceylon Tobacco Company said it will be closing its leaf depots in Anuradhapura and Sigiriya. In December 2016 the company announced that it was considering the closure of...

The International Monetary Fund (IMF) program has been successful in helping Sri Lanka to sort out its fiscal problems, but the program has not been successful in getting...

  Sri Lankan needs stronger laws to curb the import of low quality cosmetics to Sri Lanka,‘4Ever Skin Naturals Chairperson Chandani Bandara said.Speaking to Daily News...

Grand Hyatt Colombo to be ready by March 2018  The Sri Lanka Insurance Corporation (SLI) has tied up with Gulf Insurance and Reinsurance Company (GIRI) in Kuwait to offer...

The 8th consecutive Jaffna International Trade Fair (JITF 2017), the largest Consumer Exhibition concluded at Jaffna last week, ended with a record of over 300 stalls. One...

The Marina Bolgoda arranged an all island tour for a group of enterprising Sri Lankans who boldly decided to take on the seas of the wonder of Asia. The journey started from The...

S&T Interiors announced today that it has successfully completed the turnkey interior project for the Mövenpick Hotel, Colombo. S&T Interiors is a subsidiary of S&T...

Asiri Cake and Catering Deniyaya have diversified to the leisure sector and will soon float the Asiri Eco Hotels chain. Asiri Cake and Catering Deniyaya Chairman Rohan Indika Wijesinghe...

Eastern Provincial Councilor A.L.Thavam has made necessary arrangements to beautify the Meera Odai ferry at Akkaraipattu, as health resorts to attract the local and foreign...

Nawaloka Neuro Centre upholds the lofty ideal of reaching the best of Neuro healthcare in Sri Lanaka, ably assisted by the latest technology, equipment and a team of talented...

Future Mobility, an electric car company jointly invested by Tencent and Foxconn and run by foreigners in China, plans to invest CNY11.64 billion, which is about USD1.7 billion,...

 The U.S. economy grew at an annual rate of 1.6% in 2016, the Commerce Department reported Friday. In the last three months of the year -- between October and December --...

Sri Lanka’s Premier Footwear and Leather Fair organised by the Sri Lanka Footwear and Leather Products Manufacturers Association in collaboration with the Ministry of Industry...

The National Chamber of Commerce of Sri Lanka will conduct a session on “Bilateral Trade between Sri Lanka and Cuba on January 31, from 3 p.m. to 4.30 p.m at the Chamber Auditorium...

Fitch Ratings has affirmed SriLankan Airlines Limited’s (SLA) US dollar-denominated government guaranteed bonds at ‘B+’. The airline’s bonds are rated at the same level as...

Sri Lanka must adjust its development model and economic growth which will require continued structural changes for greater diversification and productivity increases and...

Senior officials from the U.S. Millennium Challenge Corporation (MCC) visited Sri Lanka on January 23 to 26 to discuss joint efforts to fight poverty and promote economic...