business Sri Lanka

...

Union Assurance Life (UAL) reported steady progress in the life insurance business, reporting 18% growth in gross written premium compared with the previous year. Profit amounted...

Millennium Housing Developers has recorded an admirable performance recording a profit of Rs 146 million with an EPS of 1.09 for the year 2016/17. “We are extremely pleased...

The12-month inflation dropped to 6.0% in May 2016, from 6.9% in April according to the Department of Census and Statics. In May 2016, consumer prices rose 1.8%, one of the...

Sunshine Holdings PLC posted consolidated revenues of Rs. 19.2 billion for the 2016/17 financial year (FY16/17), up 10.3% Year-on-Year (YoY) leading to an improved Profit...

LOLC Group concluded an excellent year sealed by its strongest financial performance to date and for the year ended March 31, 2017, the Group recorded PBT of 24.4 billion...

The demand for real estate is in a huge upward curve in Sri Lanka and this trend is likely to continue, said Executive Director, John Keels Holdings, Krishan Balendra. Speaking...

Capitol Developers Limited’s latest 470 apartment twin tower project Capitol TwinPeaks announced that it has completed the Piling stage fully and that construction is progressing...

Reference the new item published in the Daily News under the headline “Wellawatta building collapse: low quality steel, inferior concrete mixture main culprits” on May 31,...

Melwa Steel together with a Swiss company will invest US$ 35 million to increase productivity in their factory. An official from the company said that to accommodate this...

More than 133 foreign investors and business partners met 116 Lankan counterparts at the “Sri Lanka Investment & Business Conclave 2017”yesterday at Cinnamon Grand. The...

Ravi Abeysuriya, CFA, has been recognised by CFA Institute, the global association of investment professionals that sets the standard for professional excellence, by receiving...

  ...

...

Sanjay Wijemanne, the former Head of Retail Banking at Standard Chartered Bank, Sri Lanka, will join Fairway Holdings’ as Group Director of Sales and Marketing. With his appointment,...

SriLankan Airlines will expand its network to Yangon, capital of Myanmar, from June 1, 2017, with the commencement of a codeshare partnership with Myanmar Airways International...

...

...

...

The knowledge and competence of the new Minister of Foreign Affairs will boost the program to implement Commercial Diplomacy - states the NCE. The National Chamber of Exporters...

The World Bank expects India’s economy to expand at 7.2 per cent this fiscal, but said that the note ban temporarily disrupted growth last fiscal, which slowed to an estimated...

Lanka Ashok Leyland ended another successful year with improved results touching total revenue of Rs. 11.4 billion owing to an excellent fourth quarter where revenue reached...

Ceylinco Life has accelerated into FY 2017 posting robust income growth and exceptional profit growth for the three months ending March 31, 2017. Sri Lanka’s life insurance...

The hotels were not affected due to major floods and disasters that came to Sri Lanka. “Now the weather condition in the country is getting better,” said Minister of Tourism...

SBI/FMO Fund and IFC, a member of the World Bank Group, will invest a total of US$ 22 million. (Rs. 3.3 bn.) in the SANASA Development Bank PLC (SDB Bank). SDB Bank is the...

The State Engineering Corporation says the use of low quality steel and inferior concrete cement mixture were the two main causes of the building collapse at Wellawatta which...

Administrative Secretary of Free Trade Zone Manufactures’ Association (FTZMA) Anura Nishantha Perera a member of FTZ TM Club has been elected as Division Director division...

We are about to celebrate the first anniversary of the entry into force of the FAO Port State Measures Agreement (PSMA), the world’s first binding international treaty aimed...

Commex Sri Lanka SRL, Commercial Bank’s fully-owned subsidiary in Italy for money transfers, recently appointed Air Connect Travels and Tours of Via Valeggio, Verona, as its...

As part of the 7th Professional and Career Women Awards 2017, Women in Management (WIM) and IFC, a member of the World Bank Group, hosted a panel discussion ‘Women Leadership...

Prosperous Capital and Credit Limited (PCCL) has won global accolade and has being nominated for a Green Leadership award at the Asia Responsible Entrepreneurship Awards (AREA). The...

...

 A 50-member high-profile delegation, led by Business Department of Liaoning Province and Shenyang Zhongqiao International Exhibition Co.Ltd, will arrive in Colombo on June...

The Sri Lanka Tobacco Retailers’ Association met newly appointed Finance Minister Mangala Samaraweera, at the Ministry of Finance last week, to highlight several issues facing...

Out of the microfinance borrowers over 80% of them are women, said Pres­i­dent Lanka Mi­cro­fi­nance Prac­ti­tioner’s As­so­ci­a­tion (LMFPA), M.M. At­tanayake. He said most...

Expolanka Holdings PLC recorded a revenue of Rs 63 billion for the twelve months ended March 31, 2017 supported by a growth of 13% and profit before tax (PBT) of Rs. 1.75...

Dialog Axiata extending its successful flood relief programme in 2016, whereDialog customers donated Rs. 15 million and Dialog added a further Rs. 50 million towards helping...

Successive governments have dumped employees in the Sri Lanka Ports Authority (SLPA) and have looked at SLPA as a place where they could get employment for the unemployed...

...

...