business Sri Lanka

The Research Intelligence Unit(RIU) will be hosting its annual edition of RIU Investor Forum on May 17, 2018 at the Sri Lanka High Commission in London, UK. Their objective is...

The first 10 MW dendro power plant in Sri Lanka constructed at Kalawaaragama in Moneragala District by Green Watts (Pvt) Ltd is scheduled to be commissioned in September 2018. The...

The external sector performance in November 2017 was supported by continued inflows to the financial account of the Balance of Payments (BOP) mainly with higher foreign inflows...

 Fitch Ratings has assigned DFCC Bank PLC’s (DFCC, B+/AA-(lka)/Stable) proposed Sri Lanka rupee-denominated Basel III-compliant subordinated unsecured debentures an expected...

John Keells Holdings said group net profit has fallen 13% to Rs 4.49 billion in the December 2017 quarter from the previous year. The Group profit before tax (PBT) for the...

Granite Capital (Pvt Ltd) will invest Rs 600 million to launch Sri Lanka’s first international residential community villa development project, Catalina in Koggala. Catalina...

A meeting was held between President Maithripala Sirisena and a delegation of Board of Directors of Asian Development Bank (ADB) at the Presidential Secretariat on Tuesday. The...

 Fonterra Sri Lanka’s General Manager of Marketing, Vidya Sivaraja was recently appointed Managing Director of the Malaysia and Singapore business, effective February 1, 2018. It...

 Harris Premaratne has retired from the board of Pan Asia Banking Corporation PLC as the Deputy Chairman with effect from January 28 on reaching 70 years of age as per...

Volkswagen, the world’s biggest carmaker, is under fire globally from politicians and environmentalists following revelations it helped to fund experiments in which monkeys and...

Sri Lanka’s budget openness in the latest survey has scored 44 out of 100, coming in next to last in South Asia, tied with Pakistan. Open Budget Survey, which scores 115 countries...

Abans Finance PLC has partnered with Newgen, a provider of Business Process Management (BPM), Enterprise Content Management (ECM) and Customer Communication Management (CCM)...

 The industry partnership (IP) program is a joint academic cum industry work exposure programme that helps undergraduates understand the essence of business at large. Airtel...

Facebook has said it will block any advertising promoting cryptocurrency products and services. The company said it was open to emerging technologies but many companies were not...

Sri Lanka’s latest taxi booking and trip scheduling app Taxiyak has taken another leap in delivering higher order value to its partner drivers. Taxiyak officially signed up...

Gulf Air, the Kingdom of Bahrain’s national carrier, has been independently ranked by UK aviation analysts OAG the third most punctual airline in 2017, amongst Middle East...

Hellmann Worldwide Logistics (HWL) and MAS Holdings establish the joint venture “Hellmann MAS Supply Chain (HMSC)” in Sri Lanka by combining Hellmann´s existing contract logistics...

MullenLowe Sri Lanka, the fully owned operation of the multibillion-dollar New York based Inter Public Group (IPG), completed 2017 on a record high. In a tough economic climate...

The Pathfinder Foundation in collaboration with the National University of Singapore organised a one-day joint symposium on “The Belt and Road Initiative: the Politics, Potentials...

Fitch Ratings has downgraded Housing Development Finance Corporation Bank of Sri Lanka’s (HDFC Bank) National Long-Term Rating to ‘BBB-(lka)’ from ‘BBB(lka)’. HDFC Bank’s senior...

Silk Air, the regional wing of Singapore Airlines (SIA), will be increasing flight frequency to Singapore to meet growing travel demand. It will come into effect from March...

The Spices and Allied Products Producers’ and Traders’ Association yesterday expressed satisfaction over the decision taken by the government to ban the re-export of pepper...

Sri Lanka customs data analysed by Siyaka Research confirms that the country earned a highest ever Rs. 233.3 billion from tea exports in 2017. A massive 26% or Rs. 48 billion...

Ideal Developments Canada and Pura Resorts Canada a subsidiary of the Ideal Group announced the first ever international FDI into Sri Lanka’s east coast. It will consist of...

The Citi Bank Group in their rating model on leading frontier markets shows Sri Lanka, Romania and Kenya as the most attractive markets based on six key metrics: earnings...

Last Tuesday, Singapore (Aaa stable) and Sri Lanka (B1 negative) signed a free trade agreement. Although the countries have not yet publicized the full details of the Sri...

LPG retailers in Sri Lanka have been compelled to increase the price of a domestic gas cylinder due to global LPG gas price hikes that has been ongoing since October 2016. The...

The high profile “Ambassadors Forum on Entrepreneurship and SME Development – East Meets West” in Bahrain was conducted and organized by Bahrain SMEs Society and Union of...

The Indian economy should grow between 7 per cent and 7.5 per cent in the next fiscal year starting April 1, 2018, with exports and private investment set to rebound, the...

The ban of imports and usage of the Glyphosate weedicide has affected the Sri Lankan tea plantations and exports particularly to Japan, which is a major market for tea. Glyphosate...

Nipuna Illangarathne, Managing Director of Virco International (Pvt) Ltd which has been in the operation since 2015 was recently awarded as the young entrepreneur of the year...

The Pathfinder Foundation in collaboration with the Institute of South Asian Studies (ISAS) of the National University of Singapore is planning to organise a one-day joint...

Ceylinco Insurance PLC was chosen as Sri Lanka’s best insurer by not only one but several key business ranking indices recently. Ceylinco Insurance was chosen amongst Sri...

Sri Lanka’s premier fair for footwear and leather lndustries will be held during February 2-4, 2018 at the Sirimavo Bandaranaika Memorial Exhibition Centre of the BMICH. This...

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, launched an Artificial Intelligence (AI) powered personal voice service skill to support its expansive product...

The Shangri-La Hotel has purchased 400 copies of the book ‘Condominium Living the Emerging Trend’. Clarence Tan, Project Director, Shangri-La said the book is extremely helpful...