business Sri Lanka

Although few Auctions were cancelled during the month of March 2020, the Online Tea Auction commenced in April 2020 with a promising turn around in Tea prices, which resulted in...

The premier grocery delivery service via app has now expanded beyond Colombo and suburbs, with a record of successfully delivering thousands of orders has proven to be the...

HNB PLC successfully concluded the country’s first-ever hybrid virtual Annual General Meeting on May 29. The 51st AGM was hosted at the HNB Towers Auditorium and Conference...

Minister of Health Pavithra Wanniarachchi Supun Weerasinghe - Group Chief Executive, Dialog Axiata, Dr. Amal Harsha De Silva -  Deputy Director General of Health Services,...

Headline inflation as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100) declined to 4 per cent in May 2020 from 5.2 per cent...

The Commercial Bank of Ceylon has committed approximately Rs 10 billion to a Bank-funded COVID-19 Support Loan Scheme to assist affected SME enterprises. This assistance would...

Re opening a new era in the Sri Lankan Paper industry, the abandoned Valaichchenai Paper Mill is being resurrected by Minister of Small and Medium Business and Enterprise...

AIA Sri Lanka’s health and wellness platform, AIA Vitality, conducted its second consecutive ‘Healthiest Workplace Survey’ (HWS) in 2019.  The aim of the HWS is to understand...

The Merchant Bank of Sri Lanka & Finance PLC (MBSL) has been emerged again as one of the top 15 financial service brands in Sri Lanka according to the latest issue...

People’s Bank has introduced the Aswenna loan facility with the intention of supporting the Government’s development program of making Sri Lanka sustainable again. This was...

CBL Samaposha aids the nation by ensuring continuous operations to strengthen the food supply chain and launching a series of activities to uplift children’s wellbeing during lockdown. In...

Gulf Air, the national carrier of the Kingdom of Bahrain, confirms the return of operations out of the Islamic Republic of Pakistan starting from May 31, with resumption of direct...

The Ceylon Association of Shipping Agents (CASA) is urging authorities to permit the carrying out of crew changes in Sri Lanka based on similar conditions emulating ports such...

China has pledged a package of 4 trillion yuan (US$559 billion) worth of cost cuts for the country’s struggling factories and merchants in 2020, the largest economic rescue plan...

While businesses continue to face upheaval amidst the backdrop of COVID-19, GRI has reported that it is poised to meet the challenges of its new working environment and continuing...

Sunshine Holdings PLC (Company) said the company is obtaining an inter company loan of Rs.3, 500 million from Estate Management Services (Private) Limited, which is a fully owned...

Laxapana Batteries PLC said it is expected that the current situation would have a significant negative impact on the revenue and profits of the Company at least in the first half...

The market opened this week taking a step towards establishing normalcy increased trading by 1 and a half hours with the market close time brought back to 2.30 p.m. The Bench...

Microsoft and the Ministry of Education in Sri Lanka have signed a memorandum of understanding (MOU) on May 14, 2020 to advance remote pedagogy during a time when the health...

Sunshine Foundation for Good, the corporate social responsibility (CSR) arm of the diversified conglomerate Sunshine Holdings, recently donated 12 fully-equipped Intensive...

Dulani Fernando, CEO of CA Sri Lanka, Sanjaya Bandara, Vice President of CA Sri Lanka, Tishan Subasinghe, Council Member of CA Sri Lanka, Manil Jayesinghe, President of CA...

The banking and finance sector is hit by a multitude of factors and a sharp deterioration in the credit quality of the existing loan book is the biggest challenge faced by...

As an IMO Goodwill Maritime Ambassador and the council member of the Nautical Institute United Kingdom and Secretary of the Sri Lanka Branch, I feel this is one of my duty...

Fitch Ratings says today that it has recalibrated its Sri Lanka National Rating scale to reflect changes in the relative creditworthiness among Sri Lankan issuers following Fitch’s...

 Home Lands Skyline has resumed construction work after lock-down since March 2020. Construction activities of Homelands Skyline commenced on May 11 and company assures...

Bangkok (ESCAP news) – A new joint UN project is seeking to help governments and businesses keep transport networks and borders operational and facilitate the flow of goods and...

vivo, the innovative global smartphone brand is gearing up to look beyond the impact of COVID-19 in Sri Lanka and to ensure that they join the battle to win against the global...

Lion Brewery (Ceylon) PLC, which was compelled to halt production and dispatch for nearly two months due to the curfew following the Covid-19 global pandemic, has resumed exports...

Nalin Wijekoon, a Charted Accountant by profession with over decades of experience and expertise in the banking and Finance Industry assumed duties as the Chief Executive...

As the COVID 19 pandemic situation is still evolving, Piramal Glass Ceylon in a stock exchange notification said it is difficult to fully quantify the future business impact on...

‘Zhejiang Export Online Fair’ (Sri Lanka - Auto Part) event conducted over Zoom Online Conference Platform, will be held from June 1 to 5 between 12 noon to 4 30 pm every day. “Zhejiang...

Genie, Sri Lanka’s first and only Fintech solution certified by the Payment Card Industry Data Security Standards (PCIDSS), has strategically partnered with Bank of Ceylon...

The ‘Restart Sri Lanka Inventor Linkage Programme’ was held recently at Gangaramaya Temple, Colombo from 9 am to 5pm. Participating in a TV talk show yesterday Minister of...

Paradise Travels Nugegoda, E9 Travels South Korea, MAC Aviation Services and Sri Lanka Foreign Employment Bureau, completed the first program to send back 160 Sri Lankan...

ICRA Lanka expects the outlook for Sri Lanka Non-banking Financial Institutes (NBFIs) to be more challenging than for Licensed Commercial Banks (LCBs) in the period following...

The Ceylon Chamber of Commerce is organizing a webinar on “Post COVID-19 New Business Opportunities in Vietnam and Thailand” on June 10 at 10.30 am. The key speakers of the webinar...

The Advocata Institute recommends that the government removes the tax levied on menstrual hygiene products for women, this Menstrual Hygiene Day. The female population in Sri Lanka...