Flexicare unveils export-oriented medical devices manufacturing facility at Bandaragama
Flexicare Lanka – a fully owned subsidiary of Flexicare Group, U.K. – recently inaugurated its state-of-the-art manufacturing facility in …
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Foreign Minister calls on Bangladesh PM; progress reviewed towards Preferential Trade Agreement
Foreign Minister of Sri Lanka Prof. G. L. Peiris called on Prime Minister Shaika Hasina at her office in Dhaka, Bangladesh. Minister Prof. Peiris …
YTD 9M results exceed historical 12M earnings to record LKR 292bn by Sept: Softlogic Stockbrokers
Corporate earnings recorded a phenomenal increase up +98% YoY from LKR 190bn to LKR 377bn on a Trailing 12 months (TTM) basis despite the impact of …
ACL Cables PLC posts 189-pct profits at end of Q2
ACL Cables PLC, Sri Lanka's No.1 cable manufacturer has posted a phenomenal 189% year-on-year profit increase at the end of its second quarter …
JICA extends support for Sri Lanka’s socio-economic development
The Japan International Cooperation Agency (JICA) is ready to support the socio-economic development needs of Sri Lanka, said JICA, Director General …
CSE revises index calculation methodology of All Share Price Index
The Board of Directors of the Colombo Stock Exchange (CSE) has approved the revision of the index calculation methodology of the All Share Price …
Fitch Affirms Ceylon Electricity Board at ‘AA –(lka)’; Outlook Stable
Fitch Ratings has affirmed Sri Lanka-based Ceylon Electricity Board's (CEB) National Long-Term Rating at 'AA-(lka)' with a Stable Outlook. They have …
Singapore Airlines to Resume Daily Services Between Colombo and Singapore
Singapore Airlines (SIA) today resumes daily services between Colombo and Singapore, increasing flight frequencies to seven times weekly from five …
New Kelani Bridge construction completed by Advantis Projects and Engineering
Advantis Projects and Engineering, a subsidiary of Hayleys Advantis Limited, has successfully completed its share of construction work on the New …
Sampath and NDB Bank underwrite Sarvodaya Development Finance IPO
The Initial Public Offering (IPO) of Sarvodaya Development Finance (SDF) will open to the public on 23rd November and will comprise an initial issue …
Budget 2022 Proposals: Reactions from IPS Researchers
Dr Dushni Weerakoon Budget 2022 appears to be more of a stop-gap budget rather than one that sets out a framework on how revenues will continue to be …
Loops, Truecaller partners to enable safety and efficiency to daily life business communications
Loops Integrated enters into a landmark partnership with Truecaller. Loops Integrated – a creative-led integrated marketing agency acclaimed for …
Aitken Spence records Rs. 2.9 Bn EBITDA across all sectors for 2Q with a 388% growth
The leading blue-chip conglomerate, Aitken Spence PLC reported an impressive growth of 388% from its earnings before interest expense, tax, …
Cost efficiencies drive 9-month growth for ComBank
The Commercial Bank of Ceylon Group has achieved characteristically equitable growth for the nine months ending 30th September 2021, despite a …
HIPG signs MoU with BOI; joint shared services for industries in Southern Province
Hambantota International Port Group (HIPG) and the Board of Investment of Sri Lanka (BOI) signed a cooperative “Shared User Services” Memorandum …
US Delivers USD 150Mn in Financing to DFCC Bank to Support Community-Based Women Entrepreneurs
The United States government disbursed USD 150 million in financing to DFCC Bank on November 12 to support sustainable development of Sri Lankan …
Sampath Bank Maintains its Sustainable Growth Trajectory
Sampath Bank produced strong results for the nine months ended 30th September 2021, despite the challenges caused by prolonged impact of the COVID …
Finance Minister proposes to release all vehicles seized at Customs subject to taxes
Finance Minister proposes to release all vehicles seized at the Sri Lanka Customs owing to non-payment of applicable taxes and other reasons. Such …
Government seeks to collect Rs 140bn from Social Security Contribution
Aiming to rebuild Sri Lanka's economy affected by the Covid pandemic, a “Social Security Contribution” has been proposed by the Finance Minister. …
Finance Minister proposes one-time tax for big companies & financial institutions
Finance Minister Basil Rajapaksa proposed to impose a one-time tax surcharge of 25 percent on persons or companies with taxable income over Rupees …
Budget 2022: Download Full Budget Speech
Budget Speech 2022: DOWNLOAD Budget Speech 2022 (Annexures):
Sri Lanka Budget 2022 – LIVE Coverage
The Minister of Finance Basil Rajapaksa is delivering the Second Reading of the Appropriation Bill for the financial year 2022 in Parliament. Finance …
Reliance Industries acquires amanté from MAS Holdings
MAS Holdings announced that one of its subsidiaries, MAS Brands, which owns and operates the retail lingerie business under the brand amanté, was …
eChannelling Q3 financial performance sets foundation for growth: Records 116-pct growth YOY
eChannelling PLC, the largest Channelling Network in Sri Lanka and a subsidiary of SLT-MOBITEL, is gearing towards a quantum leap with acquisitions, …