Business News

Inflation in Sri Lanka, as measured by the National Consumer Price Index (NCPI) slowed to 3.2 percent in February 2018 from 5.4 pe…

Construction of ‘The One’ commenced in September 2017 and Phase 1 due to be completed in December 2021 Mega project inclu…

Japanese businesses must take advantage of Sri Lanka’s strategic location, preferential market access into key economies, and be…

Sri Lanka’s internet and smartphone use has grown to a considerably high level in recent years but e-commerce users among them a…

High Commissioner of Seychelles in Sri Lanka, Conrad Mederic, has requested State Minister of Fisheries and Aquatic Resources Deve…

The silent tears fall on smouldering embers but it cannot douse the flames of hatred which engulfed the hill station town of Digan…

When it comes to taming the complexity of procurement, size doesn’t matter. Mid-market companies face the same challenges in man…

Rejects media reports, says reserves, inflation and broad money on target  No reason to raise interest rates in the near ter…

Sri Lanka Telecom (PLC) Group said this week its Operating Profit Before Depreciation and Amortisation (EBITDA) improved by 5.4% t…

The United States Agency for International Development (USAID) YouLead program and Microsoft Sri Lanka signed a partnership to lau…

Ma’s Tropical Food Processing Manager Sarah De Alwis receives the top award for ‘All Food and Beverages’ from Minister of In…

Despite the volatile macro environment Union Bank has performed exceptionally well in 2017 resulting in a 35.6% increase in profit…

Nations Trust Bank closed the financial year 31st December 2017 with a post-tax profit of Rs. 3,371Mn, up by 18% over the previous…

Sri Lanka and emerging nations faces tighter credit conditions and higher interest rates, with policy rates in developed nations s…

Private sector credit expands by Rs. 617 b in 2017 but lower than Rs. 756 b in 2016 CB expects status quo to pick up with pr…

Sells 126,838 new life policies in the year reviewed Pays out Rs. 6.7 billion in net claims and benefits to policyholders Ceylinco…

Sri Lanka Apparel Exporters Association Chairman Felix Fernando requested the Indian government to either improve the existing app…

Inflation in Sri Lanka, as measured by the National Consumer Price Index (NCPI) slowed to 5.4 per cent in January 2018 from 7.3 pe…

Controversial National Payment Platform revived: Many an eyebrow has been raised by a government move to set up a hybrid company a…

In the backdrop of challenging external environment, Seylan Group has reported a resilient performance by recording a profit after…

The United Arab Emirates (UAE) and Sri Lanka have signed a Memorandum of Understanding (MoU) to foster cooperation in the labour a…

A whopping Rs. 662.95 billion was transacted through digital banking channels alone, by customers of the Commercial Bank of Ceylon…

First Capital Research (FCR) believes inflation rate to moderate, foreign reserve position to be maintained above US$ 7 billion le…

The manipulation of the secondary bond market by Perpetual Treasuries caused three state institutions, Employees’ provident Fund…

EPF has invested Rs.10.8bn in 7 private equity investments up to 2014 Of that, Rs.9.3bn has not generated any returns to this…