business Sri Lanka

The Colombo Consumer Price Index (CCPI) for all items for the month of December 2018 was 126.3. It records an increase of 0.1 index points that is 0.02 percentage points compared...

Colombo International Container Terminals (CICT) has reported handling 2.65 million TEUs for the 12 months ending December 31, 2018, recording a 13 per cent increase in its...

Dialog Axiata yesterday said the company has taken a major step forward in Sri Lanka’s 5G journey with the commissioning of South Asia’s first fully functional and standards...

For the first time a Chinese law firm, Baqian Law Group, has selected Sri Lanka to open their regional office for the South Asian region. Chairman, Baqian Law Group, Zhao...

The Colombo Port handled its seven millionth TEU (Twenty-Foot Equivalent Unit) yesterday. The cargo was brought by MV CPO Hamburg of the MSC line. The containers will be handled...

The word ‘profession’ means different things to different people. But at its core, it’s meant to be an indicator of trust and expertise. According to the Professional Standards...

The inflow of imported brass and silver craft items into our country has been the main obstacle faced by thousands of traditional craftsmen and their dependents living intheir...

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Deepal Wickremasinghe, the Chairman of the Southern Province’s leading private healthcare provider Ruhunu Hospital (Pvt.) Ltd, was recently endowed with an award for the service...

PayMedia, a rapidly evolving Financial Technology (Fin-Tech) company in Sri Lanka, won eleven awards in total in 2018, and was highly commended for the leadership of its Founding...

CIPM Sri Lanka, the Nation’s leader in Human Resource Management rolled out a series of outbound training and team building programmes for the management and executive staff...

Sri Lanka’s major tropical plants, cut flowers and best quality horticulture exporter Mike Flora Ltd has received National Awards for Science and Technology Achievements (NASTA)...

The staff of the Bank of Ceylon raised voluntary donations to aid victims of the natural disaster that has occurred due to torrential rain in the Northern Peninsula. Standing...

The government has begun discussions with the IMF, JAIC, Millennium Challenge Cooperation and other monetary bodies to obtain the normal services again. During the recent...

The re-appointment of ‘pre-October 26 Government’ and passing of the Vote of Account in Parliament, and with the political uncertainty that prevailed over the last 8 weeks...

Sri Lanka tourism is experiencing an increase of cruise liners calling in Colombo and this is attributing to the increase of tourist arrivals. Throughout 2018, Sri Lanka saw...

Sri Lanka Insurance Corporation (SLIC) has recently launched its three-year Strategic Plan, aimed at consolidating its dominant market position and exploring emerging opportunities...

The Colombo Port has created a unique all time record handling land mark 7 million TEU for 2018. The Ports Authority says that reaching the seven million TEU container volume...

The Monetary Board of the Central Bank of Sri Lanka, at its last meeting decided to maintain policy interest rates at their current levels. Accordingly, the Standing Deposit...

Three Sinha Group, one of the leading companies in construction field to invent a number of new products to Sri Lankan market, opened its latest branch at Walgama, Matara...

A leading company in the sale of environmentally friendly electric motorbikes, Green Bike Center, has introduced a hybrid scooter for the first time in Sri Lanka. The scooter...

CINEC Campus will open its doors to 2018 A/L students and their parents on January 5, 2019 to explore the potential educational avenues available to them, leading to a successful...

Sritrims, a member of the Speed Group of Companies, manufacturer and supplier of apparel and fashion accessories to renowned international brands across the global landscape...

ICC Green Energy, an arm of reputable general contractor, International Construction Consortium Pvt Ltd (ICC) introduces a range of garbage composter machines that can convert...

With a growing global presence and recognizing dynamic business environment, the management of ETA MELCO announced the change in the company name to A G MELCO Elevator Company...

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The core inflation, which reflects the underlying inflation in the economy, decreased to 3.1% in November from 3.4% in October on year-on-year basis. The annual average core...

The Board of Directors of The Lighthouse Hotel PLC has decided to invest a sum of Rs. 450 million (excluding government taxes) for the refurbishment, upgrade of rooms, public areas,...

Sri Lanka’s tourism industry has posted a 10.6% growth in revenue up to October 2018, compared to last year. Foreign exchange earnings from tourism up to October 2018 were...

The Commercial Bank of Ceylon has won the titles of ‘Best Commercial Bank’ in Sri Lanka and the ‘Best Foreign Bank’ in Bangladesh in 2018 from the UK-based Global Business Outlook...

Super luxury passenger vessel M.V. Marella Discovery of Marella Cruises with 1,732 passengers and 764 crew on board made her maiden call at the Port of Colombo recently. Managing...

Earnings from merchandise exports increased by 0.4 per cent (year-on-year) to US dollars 979 million in October 2018. The marginal growth of exports in October reflects mainly...

The first ever version of “Reach The Peak Sri Lanka hike“ reached its pinnacle when it drew a large number of hikers who were given a challenge to test their adventurous traits...

Club Waskaduwa Beach Resort and Spa will be celebrating their third year of operations next January. Chairman, Athula Makawitage who worked in Gulf and Japan for over two...

One of the world biggest cruise liners in the world, MSC Shipping sailed MSC Splendida with her 4000+ passengers to Colombo during their 29 day voyage on her way to Abu Dhabi. Departing...

The Sri Lankan rupee has further depreciated to Rs.182.7137 against the US dollar. As per the exchange rates recorded by the CBSL the selling price of the rupee stood at Rs....

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