business Sri Lanka

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The District Court of Colombo on 24th July, 2017 refused the applications for Enjoining Orders sought by Sri Lanka Telecom PLC (SLT) against Dialog Axiata PLC (DAP). SLT had instituted...

Fitch Ratings has downgraded Sri Lanka’s Lion Brewery (Ceylon) PLC’s National Long-Term Rating to ‘A+(lka)’ from ‘AA-(lka)’. The Outlook is Negative. The agency has also downgraded...

For the first time in Sri Lanka, Opex Holding (Pvt) is planning on moving towards manufacturing and exporting specialty liquid fertilizer products to African and Southeast Asian...

Millennium Housing Developers PLC (MHDL), recorded an outstanding financial performance for the first quarter ending June 30, 2017 posting all-time high Q1 revenue of Rs. 965 million...

 Fitch Ratings has affirmed Sri Lanka-based cable manufacturer Sierra Cables PLC’s (Sierra) ational Long-Term Rating at ‘BB+(lka)’ with a Stable Outlook. Sierra’s rating...

Abans Finance, a member of Abans Group, has registered a pre-tax profit of Rs. 197.4 million for the period ended March 31, 2017, compared to Rs. 130.5 million recorded in...

Successive governments have completely neglected the export sector for far too long which has resulted in exports declining by the year, said President of exporters association...

The Ceylon Chamber of Commerce’s (CCC) National Agenda Committee (NAC) on Infrastructure presented a set of recommendations on fast-tracking Private-Public Partnerships (PPP)...

The deal to sell a majority stake in Hambantota Port to China Merchants Port Holdings Company Limited for $1.12 billion and under a lease term of 99 years is credit positive...

Though there are several Sri Lankan brands which have made it to the global arena, only a few companies have been able to thrive with their operations overseas. LAUGFS is...

With decades of experience in the travel industry, Shums & Sons Travels (Pvt) Limited opened its doors for the very first time in Hambantota recently at No 108, Tissa...

Emirates has announced it will increase the frequency of flights between Dubai and Khartoum from five to seven a week starting August 8. As with Emirates’ current flights...

The Ceylon Chamber of Commerce, in association with the Department of Sri Lanka Customs, will organize a series of half day seminars on Export and Import Procedures in order to...

99X Technology held Sri Lanka’s first-ever technical meetup on the open source web framework Serverless earlier this month. The event saw some awesome cutting-edge globally...

As technology has become an integral part of everyone’s life, the Sri Lankan education landscape needs to be quick to adopt Information and Communications Technology (ICT)...

AIA has delivered an excellent set of results in the first half of 2017 with record VONB growth of 42 per cent to US$1,753 million. The Board has declared a 17 per cent increase...

Sinhaputra Finance has reported an increase of 84% in pre tax profit compared to the previous year, despite allowing for a provision of Rs. 329 mn. The effect of this provision...

Janashakthi Insurance PLC was recognized for its work as a responsible corporate citizen at the Fintelekt Insurance Awards 2017 held in Mumbai, India, recently. The insurer...

The country needs another six percent plus growth in the export sector to strengthen its economy further, Central Bank Governor Dr. Indrajit Coomaraswamy said. Dr. Coomaraswamy...

The new investigation team of Securities and Exchange Commission of Sri Lanka (SEC) was able to complete three investigations and four others are at different stages of completion...

Very soon the rich would have to pay more taxes and they would be slightly hit. The rich should really pay 20% tax but the government is only asking to pay 11%, said Minister...

 The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) felicitated the new Inland Revenue (IR) Commissioner General Ivan Dissanayake at a ceremony held recently. Addressing...

Significant progress has been made with respect to the promulgation of a new governing legislation for the SEC in the form of the Securities Exchange Act, said Vajira Wijegunawardane...

Huawei Consumer Business Group recently announced its 2017 first half year financial results. Sales revenue for the first six months of 2017 increased by 36.2% year-on-year to...

For the second consecutive year, Fairfirst Insurance the market leader for health insurance, won the title of Excellence in Medical Insurance at the recently held Fintelekt...

Sri Lanka’s premier startup conference and showcase, Disrupt Asia 2017 (DA17) concluded on a successful note recently helping the country establish new startup ecosystem paradigms. Organised...

Hayleys Advantis Limited broke ground for a Mega Distribution Centre (DC) in Kotugoda, on July 28, paving the way for the construction of the largest facility of this nature...

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Battawatte Estate, Madulsima, realised an all-time record price of Rs. 780per kilo for sale of its Orange Pekoe (OP) grade offered at the Colombo Tea Auction July 25/26. This sale...

The Department of Census and Statistics (DCS) has launched a publication titled ‘Status of Sustainable Development Goals (SDGs)Indicators in Sri Lanka: 2017’ and a website to disseminate...

UN’s specialized agency for industrial development is to usher and inclusive and sustainable industrialization framework to Sri Lanka. The new initiative of United Nation’s...

Dr. Ali Asger Shabbir yesterday purchased 85,557,022 ordinary shares of Ceylon and Foreign Trades PLC (CFT) at a price of Rs. 5 per share thereby increasing his stake to 61.027%. Dr....