Business News

Singapore-registered Blue Summit Capital Management Ltd and Sri Lanka’s Ben Holdings Ltd. have made a joint investment to purcha…

Gold and car imports have doubled this year compared to last year, creating tremendous pressure on the fiscal position and on the …

Values up 28.5% to Rs. 98 b and by 15.4% to Rs. 87.5 b excluding one-off profits for two corporates Food, Beverage and Tob…

The Asian Development Bank (ADB) has agreed to invest $10 million of equity in DCDC Healthcare Services Private Limited (DCDCPL), …

Auditor General Gamini Wijesinghe called on the Mahanayake’s of the Malwathu and Asgiri Chapters and commented on the proposed A…

Details of anomalies in the contract SriLankan Airlines had entered into with Phoenix Rising Ventures (PRV) were exposed at the Pr…

The number of star class hotels in operation in Sri Lanka currently and that are to be built in the future will push Sri Lanka's h…

The Ministry of Mass Media and Finance issuing a statement says that the claims made by the former governor of the Central Bank of…

Sri Lanka’s trade deficit widened in April 2018 from a year ago as export earnings growth was flat while imports rose sharply dr…

To attract Top 200 global tourism operators to the country   Sri Lanka Tourism Promotion Bureau (SLTPB) signs as the Offic…

Importers say effortto enact new Customs law not proceeding as fast as expected  Hope authorities will expedite process, p…

Imports and Exports Controller General Damayanthi Karunarathna accepting her appointment from International Trade State Minister S…

Sri Lanka Ports Authority (SLPA) during the corresponding period of 2017 had earned a record net profit of Rs. 13.2 billion and be…

Recognising the rapid growth in the local construction industry and increased demand for bitumen, the Ceylon Petroleum Corporation…

US President Donald Trump has threatened to levy a 10% tariff on $200bn (£151bn) of Chinese goods in a tit-for-tat trade row with…

South Asian countries like Sri Lanka could make significant economic gains by improving international transport times, according t…

Sri Lanka to attract 2.5 mn arrivals for 2018 Sri Lanka Tourism is aiming for all time record revenue of US$ 4 billion from …

Central Bank Governor Dr. Indrajit Coomaraswamy yesterday gave assurances of a well-managed rupee, insisting the monetary authorit…

The Ministry of Finance says the total worth of nonmonetary assets in the government amounts to 814 billion rupees. Issuing a s…

New regulations to be published on 22 June Govt. to absorb interest of microfinance loans below Rs. 150, 000 as relief measu…

Doha Bank Group opens Colombo office. Sri Lanka’s economy is stable and many investor’s are keen on starting businesses in S…

Amendments to the Monetary Law Act (MLA) is to be present to Parliament next year to suit the Flexible Inflation Targeting (FIT) f…

Sri Lanka is hoping to convince India to remove the existing quota system for the apparel industry and instead requesting a US$500…

The Sri Lankan banks satisfy many of the key matrices such as growth, profits, efficiency and asset quality against most regiona…

HNB Assurance Group delivered a notable financial performance, reporting a Profit After Tax (PAT) of LKR 699 MN for Q1 2018 reflec…