Business News

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…

Recognised as one of the world’s preeminent financial advisory and asset management firms, 170-year-old Lazard has shown interes…

Singer (Sri Lanka) PLC announced its Group results for the year ended December 31, 2017. The results showed an increase in Group r…

While Sri Lanka has been performing well at the primary education level, significant policy gaps exist when it comes to secondary …

Sri Lanka recorded its highest-ever level of apparel exports during the year ended 31 December 2017, courtesy of the restoration o…

Chittagong (Bangladesh) (AFP) - Sri Lanka will bank on the guile of record-breaking left-arm spinner Rangana Herath as they try to…

Lanka Bell, Sri Lanka’s iconic telecom operator has achieved a significant milestone of reaching 50,000+ households and bus…

Jan 25, 2018 (LBO) – Sunshine Holdings has invested 9 million rupees to partner with Strategic Business Innovator (Pvt) Ltd, an …

Softlogic Holdings PLC has come to an agreement with Samena Ceylon Holdings Ltd. to raise private equity in order to restructure t…

Colombo, Jan. 23 - Sri Lankan Prime Minister, Ranil Wickremesinghe has asked His Holiness, Syedna Aaliqadr Mufaddal Saifuddin, th…

Singapore and Sri Lanka signed a free trade agreement on Tuesday (Jan 23) which will deepen economic ties and facilitates greater …

There were serious financial, operational and management discrepancies in the National Olympic Committee of Sri Lanka between …

The Central Expressway which will connect two airports, two ports, industrial zones, tourism zones and main cities, will create a …

Sri Lanka’s total apparel exports for 2017 are expected to be around US$4.7 billion with earnings to November having exceeded th…

The top three achievers in the commerce stream at the 2017 GCE Advanced Level exam were recently awarded with scholarships from th…