Business

Sri Lanka is seeking to invite potential investors from India to set up manufacturing operations in the new Hambantota Pharmaceutical Zone and is likely to offer a number of incentives, including tax sops. Senior officials from…

ICRA Lanka in their mid-year Economic Report expects the number of the Non-Bank Financial Institutions (NBFI) to reduce over the coming year and views this to be a positive development for the sector stability. Under the sector…

SLT-MOBITEL, posted a 29.9% year-on-year growth of Group Profit After Tax (PAT) of Rs. 6 billion for the first half of 2021. Cost consolidation across verticals and a group wide undertaking to minimize waste, convert waste to…

A renowned Engineering professional Eng. Vijitha Herath assumed duties on August 3, 2021 as the Chairman of Sri Lanka Insurance the leading insurance services provider in Sri Lanka. Prior to being appointed to the rank…

The newly established Export Circle in conjunction with the 82 Anniversary of the Bank Ceylon was open by Prime Minister Mahinda Rajapaksa on August 2 via internet technology from Temple Trees. This Export Circle has been established…

Washington: India and the US will virtually co-host the fourth annual Indo-Pacific Business Forum (IPBF) in October, the State Department has announced. The IPBF, now in its fourth year, is the leading event to promote trade,…

Maud Meijboom-van Wel has assumed duties as Managing Director of HEINEKEN Lanka Limited, taking over the reins from her predecessor, industry veteran Dusty Alahakoon who was responsible for transforming HEINEKEN Lanka Limited into a…

In the journey of finding hidden talents of Sri Lankan youth and their unsung contribution to the nation, Women in Management (WIM) in partnership with Sri Lanka National Youth Services Council will host the second ‘New generation…

Sri Lanka, which was earlier expected to be a laggard, is now among the countries with the fastest vaccination rates in the world, says ICRA Lanka in their Economic outlook for 2H 2021. Expedited vaccine rollouts in many major…

Pan Asia Banking Corporation PLC reported an impressive performance for the six months ended 30th June 2021to report a Pre-Tax Profit of Rs. 1,822Mn and a Post-Tax Profit of Rs. 1,356Mn with growth rates of 27% and 50% respectively,…