World’s top investment bank Lazard explores SL, works with MTI
Recognised as one of the world’s preeminent financial advisory and asset management firms, 170-year-old Lazard has shown interest in Sri Lanka, with...
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Singer revenue tops Rs. 51.5 billion despite tough business conditions
Singer (Sri Lanka) PLC announced its Group results for the year ended December 31, 2017. The results showed an increase in Group revenue of 9.8 % comp...
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IPS Highlights the Importance of Developing Skills in Sri Lankan Graduates
While Sri Lanka has been performing well at the primary education level, significant policy gaps exist when it comes to secondary and tertiary educati...
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Sri Lanka records highest-ever apparel exports
Sri Lanka recorded its highest-ever level of apparel exports during the year ended 31 December 2017, courtesy of the restoration of the Generalized Sy...
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Sri Lanka banking on 'wily old fox' Herath, says Chandimal
Chittagong (Bangladesh) (AFP) - Sri Lanka will bank on the guile of record-breaking left-arm spinner Rangana Herath as they try to extend their recent...
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Lanka Bell connects 50,000+ homes, businesses
Lanka Bell, Sri Lanka’s iconic telecom operator has achieved a significant milestone of reaching 50,000+ households and businesses with its fou...
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Sunshine Holdings invests Rs.9mn to partner with investment firm
Jan 25, 2018 (LBO) – Sunshine Holdings has invested 9 million rupees to partner with Strategic Business Innovator (Pvt) Ltd, an investment firm to b...
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Softlogic to raise Rs. 7 b including foreign equity investments up to $ 35 m
Softlogic Holdings PLC has come to an agreement with Samena Ceylon Holdings Ltd. to raise private equity in order to restructure the diversified blue ...
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PM asks Bohras to help hold investment conference in Mumbai
Colombo, Jan. 23 - Sri Lankan Prime Minister, Ranil Wickremesinghe has asked His Holiness, Syedna Aaliqadr Mufaddal Saifuddin, the 53rd Dai-Al-Mutlaq...
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Singapore and Sri Lanka sign free trade agreement
Singapore and Sri Lanka signed a free trade agreement on Tuesday (Jan 23) which will deepen economic ties and facilitates greater trade flows between ...
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Audits reveal serious discrepancies in NOCSL finances
There were serious financial, operational and management discrepancies in the National Olympic Committee of Sri Lanka between 2010 and 2012, repor...
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Central Expressway will create vibrant economy- PM
The Central Expressway which will connect two airports, two ports, industrial zones, tourism zones and main cities, will create a new economy in the c...
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Sri Lanka expects US$4.7bn from apparel exports in 2017
Sri Lanka’s total apparel exports for 2017 are expected to be around US$4.7 billion with earnings to November having exceeded that of 2016, Minister...
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CA Sri Lanka scholarships for top three A/L commerce achievers
The top three achievers in the commerce stream at the 2017 GCE Advanced Level exam were recently awarded with scholarships from the Institute of Chart...
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CMPort pays second tranche of US$97.3 mn in H’tota Port investment
China Merchant Port Holdings (CMPort) made the payment of US$ 97.365 million to the Sri Lanka Ports Authority (SLPA) as the second tranche of its inve...
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Major investment to upgrade railway system
Sri Lanka is making a major investment in upgrading its railway system by importing new engines and wagons from Chinese and US companies, according to...
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Kerawalapitiya-II delay could cause Rs 204 B loss
Sinister moves by the authorities to sabotage awarding the Kerawalapitiya-ii combined cycle power project to a local company could cause Rs 204 billio...
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SL coconut growers oppose coconut imports
Coconut growers are vehemently opposing the Government’s attempts to import fresh unhusked coconut, saying it would ruin coconut cultivation in Sri ...
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Sugar Killer Tea comes to Lankan market
Sugar Killer Tea, a sugar free, yet sugar-like-taste filled tea which is a hundred percent natural discovery from Sri Lanka has been introduced to t...
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IMF says economy normalising but reforms essential
Recommends fiscal consolidation and tightening monetary policy 2018 growth predicted at 4.6% below CB projections Further delays in SOE refo...
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CEAT Kelani to invest Rs. 3 b in country’s tyre industry over next two years
Unveils master plan to set up new Truck Bus Radial tyre plant in Kelaniya Expands existing cutting-edge passenger car radial tyre plant Doubles...
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Top Sovereign Wealth Funds in Sri Lanka to explore investment opportunities
Development Strategies and International Trade Minister Malik Samarawickrama yesterday opened the two-day Roundtable Investment Forum with Sovereign W...
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