business Sri Lanka

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Sri Lanka Tea production in November 2019 totalled 23.9 M/kgs, showing a decrease of 0.9 M/kgs vis-à-vis 24.8 M/kgs of January-November 2018. High Growns have shown a fairly significant...

Ethiopian Airlines (EAL) will operate flights to Colombo from April. The airline wholly owned by the Ethiopian government is looking at operating four flights per week. Chairman...

The Plastics and Rubber Institute of Sri Lanka has signed an MoU with the Plastics and Rubber Institute of Singapore. This was announced by the President of the PRISL, Kaushal...

SDB bank completed a Tier 2 capital investment from the Belgian Investment Company for Developing countries (BIO) recently. Effected via a debt capital instrument amounting...

The Colombo International Container Terminals (CICT) has announced it handled a total of 2.9 million teus in 2019, achieving an 8.6 per cent increase in its throughput and...

The Government is once again opening up ‘Grand Hyatt in Colombo’ property for international investors, State Minister of Information and Communication Technology Laksman Yapa...

The latest Financial Literacy and Entrepreneurship Development Programme of the Commercial Bank of Ceylon focused on empowering women in Handapanagala, Wellawaya, when the...

Integrity Associates (Pvt) Ltd recently won Gold award for the Best Local SME Brand of the year 2019 at the SLIM Brand Excellence Awards Ceremony. Integrity Associates had...

CIPM Sri Lanka – the Nation’s leader in human resources management teamed up with the Enable the Disabled (ETD) Foundation to upgrade the Children’s Park at the BRC Grounds...

With a heritage as a premier development bank in Sri Lanka, DFCC Bank is now a full service commercial bank that offers a gamut of products and services catering to the Sri...

With a heritage as a premier development bank in Sri Lanka, DFCC Bank is now a full service commercial bank that offers a gamut of products and services catering to the Sri Lankan...

UNP Pradeshiya Sabha councillor of Pannala PS in the Kurunegala District H. A. Damian Jayalal (47), a father of three met with a road accident on December 28 and died on the...

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 ICRA Lanka Limited, Subsidiary of ICRA Limited, group company of Moody’s Investors Service, has reaffirmed the Issuer rating of [SL]A- (pronounced S L A minus1) with stable...

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India is expected to overtake Germany to become fourth-largest economy in 2026 and Japan to become third largest in 2034, according to a recent report by the UK-based Centre for...

Sri Lanka Tourism Development Authority (SLDA) cautions the licensed establishments which adopt discriminatory practices against local tourists with ‘foreigners only’ policy with...

The Sri Lankan unemployment rate has increased from 4.7% to 4.9% in the second quarter of 2019. The numb r of unemployed persons was estimated at 420,231 during the second...

In terms of electricity demand growth and investment needs, single-buyer and transmission licensee Ceylon Electricity Board (CEB) forecasts that sales will grow at the rate...

Prime Minister’s Senior Advisor on Economic Affairs Ajith Nivard Cabraal, met with the Central Bank top officials, Bank CEOs and the Auditors of Banks last week at the Prime...

Sri Lanka Telecom, the leading ICT and digital solutions provider in the country successfully concluded the company’s SME Solutions Partnership Day 2019, at Taj Saumudra,...

Boosting the revival of the tourism industry in Sri Lanka, Aitken Spence Maritime facilitated Marella cruises sailing their largest super-luxury cruise ship, Marella Discovery...

The Institute of Chemistry Ceylon is conducting a seminar on “Good Laboratory Practices, Quality Management & Accreditation on January 7, 2020. from 8.30 am to 4 pm at...

Dreamforce, Esri, the global leader in mapping and location intelligence, announced that Salesforce has selected Esri as the key geospatial partner for Salesforce Maps. Salesforce...

Indian start-ups in the agritech sector received more than $248 million funding in the first six months this year, according to a report unveiled by NASSCOM on Monday. The report,...

The Commercial Bank of Ceylon, the private bank with the largest branch and ATM network operation in the country, recently opened a branch in Madampe in the Puttalam District,...

Electrodeals.lk the novelty online store, opened its official showroom at Galle Road, Bambalapitiya, on December 13. Electrodeals.lk offers a brand new online shopping experience...

The Industrial Development Board of Ceylon (IDB) Moratuwa, which is celebrating their Golden Jubilee this year, has organized SMIDEX 2019 an award and felicitation ceremony...

New Chairman of the Sri Lanka Tea Board Jayampathy Molligoda stressed that Sri Lanka could easily leverage on our rich ‘Ceylon’ heritage but, we needed to understand the global...

Vehicle registrations in November across most categories in comparison with the previous month are down. The slowdown maybe on account of the elections said J. B. Securities. Brand...

 Senior Lecturer at the Department of Sociology, University of Colombo, Jagath Wellawatta has been appointed as the Chairman of Sri Lanka Insurance with effect from December...

Tea industry stakeholders have now come under one banner to come up with a 10- year Master Plan. This includes the Colombo Tea Traders Association (CTTA) , the Planters’ Association...

With the revival of economic activity Sri Lanka will double its economic growth rate from the current 2.7% to 4.5% in 2020 and will further accelerate growth to around 6.5%...

The Tourist Information Centre (TIC) at The Bandaranaike International Airport (BIA) of Sri Lanka Tourism had a different atmosphere altogether, getting into the festive mood...

 The National Carrier of Sri Lanka and member of the One World alliance, reaffirming the success of its marketing communication endeavors, concludes the year with seven...

The Grand Kandyan Hotel reiterated its excellence when it emerged victorious, clinching the Award at the National Business Excellence Awards 2019 organized by the National...

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Fitch has revised the Outlook on Ceylon Electricity Board’s (CEB) National Long-Term Rating to Negative from Stable and has affirmed the rating at ‘AA+(lka)’. The rating on CEB,...

Sri Lanka remains electrically isolated from the larger Indian subcontinent. Asian Development Bank (ADB) has supported studies on technical and commercial aspects of a prospective...

Gulf Air - the national carrier of the Kingdom of Bahrain – and SriLankan Airlines - the national carrier of Sri Lanka - have entered into a codeshare partnership with effect...

Easter Sunday attacks had a major negative impact on the shipping sector and the Colombo Dockyard too saw the cancelation of a US$ 50 million order due to it. Minister of...