Business

SL battered biz community comes together with a pledge towards recovery

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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...






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Features & Analysis

In Pictures : French National Day

The French National Day was held recently at the Colombo Hilton. Captured here are images from the evening. Pix by Am...

SOS Children’s Village celebrates 100th birth anniversary of its founder

SOS Children’s Villages Sri Lanka recently celebrated ‘SOS Day’ honoring the 100th birth anniversar...

Car-free day draws a crowd

Colombo’s first open street concept day saw residents reclaiming their streets from Green Path to Independ...

Reviving our island spirit - #DineEscapeRebuild

The Island Story, a brand new travel company with a fresh perspective on travel is collaborating with Botanik Rooftop...



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