business Sri Lanka

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The asset base of Sri Lankan cooperatives have increased to nearly Rs three billion (US $ 18 million)-and coops are no longer charitable but they too should now compete in...

The Board of Directors of AIA Group Limited announced that AIA has delivered strong results for the year ended November 30, 2017 with double-digit growth across their main...

Despite the volatile macro environment Union Bank has performed exceptionally well in 2017 resulting in a 35.6% increase in profits from operating activities to Rs. 782 million. This...

Nations Trust Bank closed the financial year December 31, 2017 with a post-tax profit of Rs.3,371 million, up by 18% over the previous year with pre-tax profits increasing...

The Colombo South Teaching Hospital, Kalubowila, the second largest government hospital in the Colombo District, has received a fully-equipped High Dependency Unit (HDU) from...

Minister Dr. SarathAmunugama participated at a seminar organized jointly by the Sri Lanka Embassy in Thailand and the Chulalongkorn University of Bangkok, on the theme of...

Keells Supermarkets has awarded Lanka Value Foods, their award for the “Most Innovative Supplier” for the year 2017/2018. LVF which manufactures cheeses and greek yoghurt under...

Dell EMC is to announce the appointment of Chrishan Fernando as the new Dell EMC Country Manager for Sri Lanka and Maldives. Chrishan, who will be based in Colombo, joins...

Renewing a successful working partnership of three consecutive years, a Memorandum of Understanding (MoU) was signed between The Chartered Institute of Marketing (CIM) Sri...

Stepping out of being a young tech start-up and making its way towards the larger perimeters of tech-based businesses, PickMe, recently announced a significant expansion of...

Steelcase had decided to enter the Sri Lankan market to cater to the needs of its global customer who are now in Sri Lanka, said Praveen Rawal, Steelcase, Asia Pacific Managing...

An evening of ‘empowerment and eco vision - press for progress’ an event to celebrate International Women’s Week next month, Ladies VIP Night will be held on March 7 at the...

The State Government of Victoria, in association with the Consulate General of Sri Lanka in Melbourne and the Aus-Lanka Business Council, organised a well-attended networking...

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The 110th birth anniversary of the late N U Jayawardena, first Sri Lankan Governor of the Central Bank, Senator and Financier, was held recently. N U Jayawardena was the founder...

Vallibel Finance PLC will issue 17,312,750 ordinary shares by way of a rights issue, which shall rank equal and pari passu with the existing ordinary shares five new ordinary shares...

Fitch Ratings has affirmed Sri Lanka-based conglomerate Richard Pieris & Company PLC’s (RICH) National Long-Term rating at ‘A(lka)’ with a stable outlook. Fitch has also affirmed...

Moody’s Investor Services notes that household debt has increased in many advanced economies over the past decade. The increase in and diversification of household income...

Registering steady double digit growth in premiums through FY 2017, Janashakthi Insurance PLC (Janashakthi) posted a consolidated Gross Written Premium (GWP) of Rs. 15.115...

Dialog Broadband Networks, a subsidiary of Dialog Axiata PLC,was rated Gold under the Leadership in Energy and Environmental Design (LEED) for Sri Lanka’s first UPTIME Tier...

Allianz announced yesterday that the company has completed its acquisition of Janashakthi General Insurance Limited, after receiving all the necessary regulatory approvals. This...

SriLankan Airlines regrets the continuing delays and congestion at Colombo Airport. Due to a combination of unforeseen events, including a bird strike which damaged an aircraft...

Qatar Airways invites passengers to discover breathtaking new destinations by taking advantage of its latest global sales promotion, offering them fantastic discounts to many...

Thalduwa Island Villas, a boutique hotel opened at Ahangama, plans to offer special ‘Board meeting packages’ to cooperate. “What we offer is to create special private areas...

Softlogic Automobiles (Pvt) Ltd, a subsidiary of Softlogic Holdings and the Authorized Distributor and Service Agent for King Long buses in Sri Lanka, delivered 10 King Long...

Founder of the world-renowned and award-winning restaurant Ministry of Crab in Colombo, Chef Dharshan Munidasa, visited Anantara Tangalle for an exclusive culinary event on...

Cyber threat refers to the possibility of a malicious attempt to damage or disrupt a particular computer network or system. Across the world the threat of such acts loom over...

Diesel and Motor Engineering has diversified in to the agriculture sector and entered into a sale and purchase agreement with two companies involved in the import of fertilizer,...

The Commercial Bank of Ceylon PLC has posted profit before VAT and NBT of Rs 28.064 billion for the year ending December 31, 2017 reflecting growth of 18.14%, a performance...

EU member countries were keen on the effective use of digital signature and promotion of a paperless concept, to reduce red tape, delay and duplication of work. This was highlighted...

Sri Lanka Ports Authority (SLPA) was awarded the Ports Authority of the Year 2018 Award by the Global Ports Forum (GPF). The 4th GPF awards ceremony followed by the conference...

The Sri Lanka Ports Authority (SLPA) has posted a record profit of Rs. 13.2 billion in 2017. Ports and Shipping Minister Mahinda Samarasinghe revealed these figures at a convocation...

Sri Lankan corporates brings down foreign CEO’s and Administrators to work in Sri Lanka and pay them around Rs. Six to 20 million monthly while sending Sri Lankan house wives...

The commercial, state-run Bank of China, not to be confused with the People’s Bank of China, the country’s central bank, has filed a patent with the Chinese State Intellectual...

The third wave of MTI’s ‘idea2fund’ successfully completed the second round’s concept presentations on the 17th of February at the Hilton Colombo. ‘idea2fund’ is a venture...

The Bourse ended on a positive note this week as the ASPI increased by 11.70 points (or +0.18%) to close at 6,575.39 points, while the S&P SL20 Index also increased by...