John Keells Logistics ventures into operations optimization
John Keells Logistics (Pvt) Ltd (JKLL), a leading third-party logistics (3PL) services provider in the country, partnered with Infor, a globally ren...
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LNP - Tokyo Cement Group renews Foundation of Goodness partnership
Tokyo Cement Group pledged its support to the Foundation of Goodness for another year, to extend their multi-prongged activities aimed at rural cric...
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LNP - Ideal Group introduces industry-first insurance reward scheme
Ideal Motors Pvt Ltd and its subsidiary Ideal First Choice Pvt Ltd (part of the Ideal Group of Companies) have pioneered an insurance reward scheme fr...
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LNP - Sorry state of rubber industry in SL
Rubber plantation was established in Sri Lanka over the past nearly 10 decades for extracting latex for the manufacture of raw rubber grades namely ...
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LNP - Govt. must take lead in providing social welfare, not private sector: IPS
By Shabiya Ali AhlamThe ongoing health crisis saw the private sector step up efforts in extending relief to vulnerable groups but it is the government...
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LNP - CSE offers scholarships for business journalists to follow Diploma in Financial Markets
Following the successful completion of its second intake in 2019 the Advance Diploma in Financial Markets (ADFM) offered by the Colombo Stock Exchan...
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LNP -NBFI sector to incur substantial losses in FY-21 - First Capital
The Non-bank financial institution (NBFI) sector may record substantial losses and display the weakest performance in the decade for FY21E says First ...
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LNP - August trade deficit narrows amid lower imports
Sri Lanka’s trade deficit continued to narrow as imports continued to decline at a faster pace than the decline in export earnings in the month of...
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LNP - Export earnings strike near US$ 1bn in August
Sri Lanka’s exporters appear to be chugging along vigorously in their respective fields since the coronavirus related restrictions eased, as they ...
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LNP-Apparel exports drop 30% in 1H'20
Apparel exports during the first six months of the year (1H’20) declined 30 per cent to nearly US$ 1.8 billion, with exports in June plummeting 20...
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LNP - KH posts Rs.2.43 bn loss in 1Q 2020/21
Sri Lanka’s foremost conglomerate, John Keells Holdings (JKH) Group’s profit before tax (PBT) is a negative Rs.2.43 billion in the first quarter o...
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LNP - Coronavirus: Vietnam bans wildlife trade over pandemic risk
Vietnam has banned the import of wildlife and wildlife products to reduce the risk of new pandemics. The move also bans wildlife markets for such item...
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LNP - Apparel sector yet to see any light at end of tunnel
By Shabiya Ali Ahlam Sri Lanka’s apparel sector, which has been undergoing an extremely tough time due to the economic malaise created by COV...
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Development of local canned fish industry could save country US$ 70 mn annually
The Canned Fish Manufacturers Association of Sri Lanka (CFMASL), thanked the government for assisting local producers and industries during the Covid ...
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May trade gap narrows amid sharp drop in imports
Sri Lanka’s trade deficit narrowed by US $ 416 million in May 2020 to US $ 407 million, as imports slumped to less than US $ 1 billion for the first...
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LNP - Dialog Awarded Sri Lanka’s Most Valuable Brand by Brand Finance for Second Consecutive Year
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, had the distinction of being awarded the title ‘Sri Lanka’s Most Valuable Brand’...
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CBSL approves Rs.28 billion business revival loans
The Central Bank has approved 13,861 loan applications under the Phase-I of Saubagya (Prosperity) Loan Scheme, totaling Rs. 27.9 billion, out of which...
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SLI only insurance company to secure AAA(lka) Fitch Rating
Sri Lanka Insurance emerged as the only insurer in Sri Lanka to maintain National Insurer Financial Strength (IFS) rating of ‘AAA(lka) with a Stable...
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Construction sector to demonstrate resilience - ICRA Lanka
Construction sector is expected to demonstrate resilience compared to other economic sectors of Sri Lanka ICRA Lanka in their Construction Sector Outl...
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Tourism business weighs on Aitken Spence March performance
The well-diversified nature helped Aitken Spence PLC to weather two back-to-back crises within one financial year but its leisure sector tilt still ha...
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Prime Group sets benchmark for real estate industry with credit rating
Prime Group has made history becoming the first institution in the Sri Lankan real estate industry to receive a prestigious issuer rating of [A-] Stab...
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Singer March revenues below expectations; expects retail operations to normalise from Sept. quarter
Singer Sri Lanka PLC’s March 2020 top line came in at below the previous year’s levels but reported higher operating profits, possible from reduce...
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