Business News

October trade deficit up to US $ 903mn from US $ 752mn YoY Cumulative trade deficit in 10 months at US $. 8.8bn from US $ 7.6…

Markets sank across the world even as the Fed predicted two interest rate increases next year down from three with the bank trimmi…

Businesspeople won't throw up their arms in despair and tell you that they are nervous about what the budget for the year 2019 wou…

Merging 2G and 3G operations soon and launch of nationwide 4G in 12 months Merger will end up Hutch having around 2,500 tower…

HONG KONG (AFP) - Asian investors battled to finish a volatile week with some stability yesterday as they weigh the outlook for Ch…

At least eight Licensed Finance Companies (LFCs) have to fulfil their Rs 1.5 billion minimum capital requirements by 1 January, a …

Overall computer literacy at 28.6% in 2017 One out of every five households owns either a desktop or a laptop computer Digi…

Sri Lanka will have a very bright 2019 though the end of 2018 has been unsteady, said Ranjit Page, Deputy Chairman and Chief Execu…

Sri Lankan apparel manufacturer Hela Clothing Group yesterday announced that it had secured a capital infusion of Rs.1.2 billion, …

Dave Group unveils innovative John Deere farming technology in Sri Lanka, at an event held at Colombo Hilton yesterday. (L-R) Vina…

The adjustments on gold and motor vehicle import tariffs coupled with good rainfall in catchment areas, which has positive implica…

Sampath Bank achieved Rs.14.2 billion in Profit Before Tax (PBT) within the first 3 quarters of 2018, 20.3% higher than the PBT of…

UNP Leader Ranil Wickremesinghe today said the interim order issued by Supreme Courts suspending the dissolution of Parliament was…

Singer (Sri Lanka) PLC announced its results for the first half ended September 30, 2018. Despite tough business conditions, the r…

John Keells Group revenue at Rs.32.57 billion for the period under review is an increase of 10 per cent over the Rs.29.62 billion …

A special discussion was held between the Secretary to the Ministry of Finance and the Ceylon Workers’ Congress (CWC) today (0…

Jetwing Symphony PLC (JETS), the investment arm of Jetwing, last week announced strong financial results for Q2 FY 2018/19. The c…

Net outflow of Rs. 4 b from CSE last week dwarfs Jan.-Sept. figure Says outflows putting major pressure on rupee in an alread…

Pan Asia Banking Corporation PLC, one of the fastest growing Sri Lankan commercial banks, reported its best ever profit recorded f…

The country’s economy was on the brink of collapse with the US Dollar exchange rate reaching Rs.180, Mahajana Eksath Peramuna (M…

The government has already received 88 enquiries for the  Hyatt and Hilton Hotels from leading investors from all over the world …

Prime Minister Ranil Wickremesinghe, highlighted the need to maintain Freedom of Navigation and Freedom of Digital Connectivity in…

The World Bank Group unveiled a new system on Thursday to rank countries based on their success in developing human capital, an …

Despite playing a huge role in the country’s economy, Sri Lankan entrepreneurs and SMEs are struggling to advance their business…

The vilification of oil palm in Sri Lanka on the grounds of the crop’s purported adverse impact on the environment is completely…