Business

SLL to install new equipment in 157 sites 

Comments - 0 / views : 138
May 28, 2019 12:13 pm

The Board of Investment (BOI) signed an agreement with Sri Lanka Telecom (SLT) recently aimed at installing new telecommunication equipment in 157 sites. This approval was also ...


Investor enthusiasm grows as Hela Clothing completes series A funding round

Comments - 0 / views : 114
May 28, 2019 12:01 pm

Sri Lankan apparel manufacturer, Hela Clothing Group, announced it has completed the balance of US$3.6 million from its Series A funding round bringing the total equity raised t...


National Insurance Trust Fund office relocates

Comments - 0 / views : 108
May 28, 2019 10:52 am

The National Insurance Trust Fund has relocated its head office to 95, Sir Chiththampalam A Gardiner Mawatha, Colombo 2 (next to Cinnamon Lakeside Hotel).  All serv...


Exporters urged to export more to make up for SL tourism losses

Comments - 0 / views : 203
May 27, 2019 02:11 pm

The Exporters’ Association of Sri Lanka (EASL) is encouraging its members to maximize their exports, mainly in the industrial sector; and in sectors such as fruits, vegeta...


CSE and SEC initiates effort to restore confidence among foreign investors 

Comments - 0 / views : 133
May 22, 2019 11:13 am

The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC), in a bold step to reassure foreign investors, recently organized an Invest Sri La...


SL battered biz community comes together with a pledge towards recovery

Comments - 0 / views : 154
May 22, 2019 09:47 am

By Quintus Perera Exactly a month after the Easter Sunday bombing, a 300-strong group of private sector businessmen representing nine business chambers in the country ga...


Hayleys revenue up 34% YoY to Rs 219 billion in FY 18/19

Comments - 0 / views : 111
May 21, 2019 04:51 pm

Sri Lankan multinational, Hayleys PLC, has recorded outstanding growth in revenue and operating profits in the financial year ended March 2019 (FY18/19) with group revenue expan...


Ceylinco Life makes strong start to 2019 with Q1 income of Rs. 7.2 billion

Comments - 0 / views : 80
May 21, 2019 01:59 pm

Steady growth of its life insurance business and strong investment gains saw Ceylinco Life generate total income of Rs. 7.17 billion in the first quarter of 2019, achieving...


Creating a decent set of Sri Lankan taxi drivers

Comments - 1 / views : 436
May 17, 2019 08:38 am

The need for a decent set of drivers of taxis to help people get about their daily transport is very much felt since for a long time three-wheel drivers have been considered as ...


CB extends actions taken on troubled TFC

Comments - 0 / views : 182
May 15, 2019 09:37 am

The Monetary Board of the Central Bank of Sri Lanka (CB) has decided to extent by another three months from May 15, recent actions taken in connection with the troubled The Fina...


CICT opens Sri Lanka’s only Dangerous Goods Storage Facility

Comments - 0 / views : 197
May 14, 2019 12:10 pm

Sri Lanka’s first, and South Asia’s most advanced, Dangerous Goods Storage Facility (DGSF) was commissioned last week (May 10) at the Colombo International Container...


HNB Group warns of negative business impact from April 21 incidents

Comments - 0 / views : 135
May 14, 2019 10:40 am

Amidst challenging market conditions, Hatton National Bank posted a profit before tax of Rs. 3.3 billion and a profit after tax of Rs. 2 billion for the first quarter of 2019 bu...


Brexit seminar by Ceylon Chamber on May 24

Comments - 0 / views : 63
May 14, 2019 10:22 am

The Ceylon Chamber of Commerce is organising a seminar under the theme of ‘Brexit and its Implications to Sri Lanka’ on May 24 at the Chamber auditorium starting at ...


London Stock Exchange signs MOU with Colombo Stock Exchange

Comments - 0 / views : 120
May 14, 2019 09:42 am

The London Stock Exchange Group (LSEG) this week signed a landmark Memorandum of Understanding (MoU) with the Colombo Stock Exchange (CSE) to facilitate further collaboration be...


Dialog consolidates performance with strong 1stQ results

Comments - 0 / views : 100
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  

Comments - 0 / views : 129
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

Comments - 4 / views : 635
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

Comments - 0 / views : 456
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

Comments - 0 / views : 223
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

Comments - 1 / views : 318
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

Comments - 0 / views : 748
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

Comments - 0 / views : 102
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

Comments - 0 / views : 779
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

Comments - 0 / views : 291
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 

Comments - 0 / views : 331
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

Comments - 0 / views : 55
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

Comments - 0 / views : 150
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

Comments - 0 / views : 549
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

Comments - 0 / views : 406
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

Comments - 0 / views : 528
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...




Top Stories

O/L students to receive temporary identification certificate due to shortage in NIC cards

G C E Ordinary Level (O/L) students who have applied for their Digital National Identity Card (NIC)'s, will be issued a temporary certification...

24 October 2019 - Views : 7

SriLankan flight diverted to Mattala due to bad weather

24 October 2019

Gotabhaya's manifesto to be revealed tomorrow ; separate manifestos for each province

24 October 2019

CPC faced losses upto Rs 105 billion last year ; COPE report shows

24 October 2019

Features & Analysis

In pictures : Christmas cake mixing at Taj Samudra

The Taj Samudra recently held its traditional cake mixing celebrations at the Grand Marquee. Captured here are images...

Designer Nayana Ascharya Peiris among BBC's 100 inspiring women of 2019

Designer Nayana Ascharya Peiris has been named among the BBC's 100 inspiring and influential women from arou...

Special screening programme for breast cancer at Early Detection Centre in Narahenpita

October is designated as ‘Breast Cancer Awareness Month’, worldwide. Cancer ranks amongst the leading thr...

The Wolf is back! ‘Big Bad Wolf Book Sale’ to get underway from tomorrow

The wolf is here with books for us to devour! The highly anticipated ‘Big Bad Wolf Sale’ which is open to...