business Sri Lanka

CHINA is set to dominate the global economy as it becomes the richest country in the world by 2032, experts have revealed. The United States will be overtaken as the most...

Sri Lanka’s biggest year-end shopping fiesta, the wOw.lk Shopping Carnival, will once again bring bargains galore to Sri Lankan shoppers on December 29, 30 and 31, 2017 at the...

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Malaysian Prime Minister Dato' Sri Mohd Najib bin Tun Abdul Razak watches a demonstration of the Finger Reader at The Dialog Iconic in Colombo, during his recent state visit...

Leo Burnett Sri Lanka’s iconic leader and world-renowned advertising professional Ranil de Silva, will step down from his role after serving as the agency’s Managing Director...

Fairfirst Insurance's latest partnership was with the All-Island School Children Transport Association, an independent body of school van drivers whose objective is to raise...

The diversified Raigam Group will look at a Colombo Stock Exchange listing soon, said its Chairman Dr. Ravi Liyanage. He said that they have several companies and would look...

Central Bank (CB) Governor Dr Indrajit Coomaraswamy yesterday emphasized that the CB was still looking for a credible investor with proof of funds to bail out troubled Central...

Sri Lanka Telecom PLC (SLT), a blue-chip company and a dominant player in the Sri Lankan Telecom and Information Technology Enabled Services (ITES) space, announced today that...

Sunshine Holdings PLC announced that it would be further consolidating its stake in Estate Management Services Limited (EMS), the holding company for Watawala Plantations...

In a strategic move to diversify into the IT solutions domain, Lanka Century Investments PLC.(LCI), a conglomerate reputed for its market dominance in manufacturing, real...

The Central Bank (CB) yesterday announced that the CB has decided to maintain policy interest rates at their present levels. However, the CB will continue to cautiously monitor...

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xIndia is set to overtake the United Kingdom and France to become the world’s fifth largest economy next year, a report said Tuesday. Currently ranked seventh, India will...

The role of rules based multilateral trading system led by WTO has become more crucial in paving a level playing field for its members, in particular for small economies such...

Depositors of CIFL who have been denied of their money with due interests at a press conference held at OPA observed that an integrated approach is being made to recover their...

One of the leading industrial glove manufacturers in the world, based in Katunayake and Koggala has second thoughts about investing a further US$ 100 million and generating...

Maliban Biscuits Manufactures (Pvt.) Ltd was feted with the ‘Prestigious Brand of Asia’ accolade by the World Branding Awards at an event held at Thailand recently. The ‘Prestigious...

Malaysian Prime Minister Dato’ Sri Mohd Najib bin Tun Abdul Razak experiencing Dialog’s digital innovations in digital education, digital inclusion and the application of...

GDP growth for 3Q 2017 was lower than expected (grew by 3.3% YoY) with overall agricultural activities reporting a negative growth mainly due to the unfavorable weather conditions...

Samaposha, Sri Lanka’s favourite breakfast cereal, especially among children, has launched ‘Nutri Plus’ a new breakfast cereal for the whole family. Samaposha Nutri Plus Kurakkan...

The Swadeshi Industrial Works PLC, the market leader in Sri Lanka for herbal personal care products, has sponsored the “Aloka Poojawa” of the historic Sabaragamuwa Maha Saman...

Samson Rubber Industries, the manufacturer and distributor of Lotus Tyres, has seen its sublime imprint of trust amongst Sri Lankans for many decades, and it honoured its...

The annual customer loyalty programme of the Singer Sri Lanka, Kalmunai branch was held recently at the Kalmunai branch premises. Singer Sri Lanka, Kalmunai branch Manager...

Research paper released on Thursday by tech giant Accenture revealed that artificial intelligence (AI) could add 957 billion dollar to the Indian economy by changing the nature...

Fitch Ratings has affirmed the National Long-Term Ratings of the following banks: - NSB at ‘AAA(lka)’; Outlook Stable. BOC at ‘AA+(lka)’; Outlook Stable. DFCC at ‘AA-(lka)’; Outlook...

The Information and Communication Technology Agency of Sri Lanka (ICTA) stated that some 600 locations has been connected under the initial phase of free public Wi-Fi initiative...

Five star hotels light up for Christmas: Taj Samudra; The Kingsbury; Hilton Colombo, Cinnamon Grand and Cinnamon Lakeside. Daily News Business will also take a break for Christmas...

The overall rate of inflation as measured by NCPI on year on year basis is 8.4% in November 2017 and inflation calculated for October 2017 was 8.8% . YoY inflation of food group...

Novustech Transact Lanka (Pvt) Ltd have invested over Rs. 1.5 billion in 2017 and 2018 to install ATMS and wireless POSS machines in Sri Lanka. Senior Vice President Directors,...

Fitch Ratings have revised DFCC’s outlook for both its International and National Long Term Ratings to ‘Stable’ from ‘Negative’ while affirming the ratings at B+ and AA- respectively. The...

Singapore Airlines (SIA) will be increasing flight frequency to Cape Town, South Africa, to meet growing travel demand. Cape Town will be served with a daily flight via Johannesburg,...

The Chance Sports of Borella the leader in the Sports Wear was rewarded at the annual Sramamibhani Award Ceremony held at BMICH. This award was given for their continuous...

Economists and scholars are praising China’s commitment to encourage high-quality development, as the Central Economic Work Conference that concluded here Wednesday outlined...

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   Sri Lanka Telecom (SLT), the country’s leading Telecommunication provider proudly announces the much awaited launch of its calendar for the upcoming year. Continuing...

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Sri Lanka Malay Association launched a revised version of ‘Resipe Makanan Melayu’, which is a Recipe Book on authentic Sri Lankan Malay Recipes. The event was graced by Thalatha...

The Securities and Exchange Commission of Sri Lanka (SEC) at its 394th and 395th meetings held on August 4 and August 14, 2017, having deliberated on the adequacy of the current...

Nations Trust Bank (NTB) is to undertake a rights issue of 40,105,614 ordinary non-voting convertible shares in the proportion of four shares for every 23 held as on January 12,...

Fitch Ratings has assigned Bank of Ceylon’s (BOC, AA+(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated unsecured debentures a final National...

The year 2018 looks to be a year of good economic growth around the globe, according to PricewaterhouseCoopers. Global growth is projected to reach 3.7% in purchasing power...

Sri Lanka is placing its name on the global map as a sought after destination by various international news feature reviews, as Eurasia review mentioned Sri Lanka as the most...