Business

Dialog consolidates performance with strong 1stQ results

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May 14, 2019 09:12 am

Dialog Axiata PLC’s Group Net Profit After Tax (NPAT) has recorded significant growth in the first quarter ending March 2019 to reach Rs. 4.9 billion against Rs. 0.1billio...


IMF Executive Board completes 5th Review under Sri Lanka’s facility, approves US$164.1 mn  

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May 14, 2019 08:53 am

The Executive Board of the International Monetary Fund (IMF) on Monday completed the Fifth Review of Sri Lanka’s economic performance under the program supported by an ext...


SriLankan Airlines appoints a new Chief Commercial Officer, new Chief Financial Officer

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May 07, 2019 12:28 pm

SriLankan Airlines has appointed Joshua Bustos as its Chief Commercial Officer and Shaminda Samaraweera as its Chief Financial Officer with effect from April this year.&nbs...


Security forces in control of Sri Lanka’s crisis

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May 06, 2019 07:15 pm

Sri Lanka’s security crisis, in the aftermath of the Easter Sunday bombing, is not deep rooted, according to "their" reading, Military spokesman Brig. Sumith Ata...


Troubled ETI Finance to pay further 10% to depositors

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May 02, 2019 07:06 pm

The ETI Finance (ETIF) has so far received over Rs.11 billion and these funds have been used to repay 20 per cent of the deposits and accrued interest liabilities of ETIF while ...


Govt. positive on tourism recovery within 10 months

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April 30, 2019 10:09 pm

Sri Lankan Prime Minister Ranil Wickremesinghe told a gathering of tourism industry stakeholders on Tuesday that the government hopes the tourism industry could recover fro...


Sri Lanka's national carrier sees flood of cancellations

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April 30, 2019 02:41 pm

National carrier, SriLankan Airlines has seen a flood of cancellations, after the Easter Sunday bombings, and expects to lose at least US$100 million in revenue due to an estima...


Nestle Lanka AGM postponed to June

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April 30, 2019 12:29 pm

Shareholders of Nestle Lanka were informed on Tuesday that the AGM and EGM (Extraordinary GM) scheduled for Wednesday May 8 has been rescheduled for June 10 at 10 am-11 am at th...


Tourist cancellation tsunami in Sri Lanka

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April 29, 2019 05:31 pm

ForwardKeys, an international agency that analyses global future travel patterns, has said thatt Sri Lanka has faced a tsunami of cancellations in the aftermath of the attacks o...


Sri Lanka's President agrees to financial relief to hoteliers

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April 29, 2019 12:26 pm

Sri Lankan President Maithripala Sirisena on Monday agreed to provide the maximum possible financial relief immediately to hoteliers in the aftermath of the blasts that rocked C...


Eco Friends: a recycling waste management solution for Sri Lankan households 

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April 29, 2019 12:01 pm

Eco Friends is the newest entrant in the environmental waste management industry, seeking to change the way recyclable waste is collected from Sri Lankan households.  ...


Ceylinco Life policyholders to receive record Rs. 5 bn as annual bonuses

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April 29, 2019 10:26 am

Ceylinco Life has announced annual bonuses totalling a record Rs. 5 billion to some 300,000 policyholders from the surplus generated by the company’s Life Fund in 2018,...


SriLankan Airlines postpones AGM

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April 29, 2019 10:02 am

The Annual General Meeting and the Extraordinary General Meeting of national carrier SriLankan Airlines, scheduled for Tuesday April 30, has been postponed, the airline said ...


Ceylinco General Insurance pays advance of $1 mn to Shangri-La Hotel Colombo

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April 26, 2019 05:04 pm

Ceylinco General Insurance in collaboration with Chubb Insurance of USA paid an advance of US$1 million to Shangri-La Hotel Colombo on Thursday April 25, just four days after th...


UPDATED: Bomb-affected Cinnamon Grand accepts new bookings

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April 26, 2019 11:07 am

Bomb-affected Cinnamon Grand, Colombo has commenced taking new bookings from April 22 onwards and all its restaurants - excluding those in the affected area on the lower ground ...


Sri Lanka can ‘no longer’ postpone economic reforms, Central Bank says

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April 25, 2019 06:15 pm

Sri Lanka can no longer afford to postpone its reforms agenda, if it is to progress along a high and sustainable growth trajectory over the medium term and catch up with countri...


Bomb-affected Kingsbury re-opens tomorrow

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April 24, 2019 06:55 pm

Kingsbury Hotel, Colombo, one of three hotels devastated by suicide bombers in the Easter Sunday carnage, is opening its doors to normal operations tomorrow (Thursday). The hote...


Inflation rises in March 

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April 23, 2019 06:16 pm

Sri Lanka’s headline inflation, measured by the year-on-year change in the National Consumer Price Index (NCPI), increased to 2.9 per cent last month from 2.4 per cent in ...


Sri Lankan exporters denounce extremism in all forms

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April 23, 2019 04:16 pm

Sri Lanka's National Chamber of Exporters (NCE) on Tuesday denounced in one voice the “extremist and barbaric acts of a group of terrorists” which has shake...


Sri Lanka women’s chamber urges unity, acting responsibly 

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April 23, 2019 03:58 pm

The Women’s Chamber of Industry and Commerce on Tuesday urged all Sri Lankans to stand united, to act responsibly and to support all authorities to restore law and order i...


CSE trading resumes on Tuesday

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April 23, 2019 12:59 pm

  The Colombo Stock Exchange in consultation with the Securities and Exchange Commission of Sri Lanka started trading and related market operations on Tuesday...


COYLE condemns terrorist attacks, condoles with victims

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April 23, 2019 11:00 am

The Chamber of Young Lankan Entrepreneurs (COYLE), on Tuesday, “unequivocally condemned the recent terrorist attacks on churches and hotels in our motherland”. ...


‘Silence’ at Colombo stock market

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April 23, 2019 09:42 am

The Colombo Stock Exchange will be observing a minute’s silence on Tuesday morning when trading resumes at local 10.30 am as a mark of respect to the victims of the tragic...


Sri Lanka’s business community condemns attacks, urges unity, to stay calm

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April 22, 2019 02:43 pm

Sri Lanka’s business community has condemned Sunday’s acts of terror which killed more than 290 people and created havoc at three churches and three luxury hotels, a...


Colombo stock market resumes trading on Tuesday

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April 22, 2019 02:22 pm

After a day-long closure on Monday owing to devastating bomb blasts in the capital (Colombo) and outside on Sunday, the Colombo Stock Exchange said trading will resume on Tuesda...


Shangri-La, Kingsbury hotels shut until further notice

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April 22, 2019 01:12 pm

Shangri – La Hotel Colombo on Monday said it was closing until further notice after devastating bomb attacks on the hotel and two others – Cinnamon Grand and Kingsbu...


CSE says won't be open for trading at regular time tomorrow

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April 21, 2019 11:21 pm

The Colombo Stock Exchange (CSE) has said that it would not be open for trading at the regular time on Monday  (Apr 22). A communication is to follow on the resumption of t...


Sri Lanka's chambers shocked by the ferocious Easter Sunday attacks

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April 21, 2019 05:07 pm

Several chambers of commerce, including Sri Lanka’s main Ceylon Chamber of Commerce, in a joint statement on Sunday said it was “shocked and deeply saddened by the m...


All domestic flights in Sri Lanka suspended after multiple blasts

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April 21, 2019 02:40 pm

Airport authorities said today that they have issued the highest level of threat to all airports both domestic and international in Sri Lanka following a spate of blasts this mo...


Tourism, early casualty from Sri Lankan blasts

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April 21, 2019 01:13 pm

At least five foreigners were among at least 138 killed in morning blasts in three churches and three Colombo 5-star hotels on Sunday, according to government sources while tour...






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Features & Analysis

In Pictures: Vesak celebrations

Though security considerations in the aftermath of the Easter Sunday terrorist attacks led to the cancellation o...

Gamini Dissanayake Foundation opens new Head Office in Kollupitiya

The Gamini Dissanayake Foundation opened its new Head Office at the first floor of the Blue Ocean Apartment building ...

Sri Lankan High Commission in UK hosts reception for national cricket team

The Sri Lankan High Commission in London, recently hosted a reception for the Sri Lankan cricket team in the UK that ...

Elections Commission extends deadline to accept entries for PAURA short film festival

The deadline for accepting short film entries for the 'PAURA' Short Film Festival organised by the Elect...



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