Business

The need for multi-pronged broad reforms to stabilize the economy and to ensure long-term policy consistency were some of the key highlights at a pre-budget discussion held on October 21, addressing a number of economic issues…

For the first time at an international “World Expo” event, promotion of Sri Lankan products and services are to be organized by The National Chamber of Exports of Sri Lanka (NCE) taking the initiative of organizing a special event on…

Teejay Lanka PLC has announced the appointment of Mr Masaru Okutomi, the Chairman and CEO of Pacific Textile Holdings Limited of Hong Kong, as a non-executive Director of the Company with immediate effect. Okutomi replaces Wan…

Allianz Lanka once again partnered with other Allianz offices from around the world to raise much-needed funds to mitigate critical issues facing countries ravaged by the COVID-19 pandemic, via the Allianz World Run, an initiative that…

Ambassador of Malaysia to Sri Lanka, Tan Yang Thai, recently met with a delegation from the Palm Oil Industry Association Sri Lanka (POAISL), to discuss the benefits of a collaborative approach towards uplifting Sri Lanka’s rural…

Shares in embattled Chinese property giant Evergrande opened up 6% in Hong Kong after Chinese media reported it had made an interest payment before a crucial deadline. The company missed an $83.5m (£61m) payment last month,…

Jason Avanceña has been appointed Managing Director of Nestlé Lanka PLC effective 1 October 2021 and will lead Nestlé’s operations in Sri Lanka and the Maldives. He takes over from former Managing Director, Fabrice Cavallin, who moved…

The Governor of the Central Bank Ajith Nivard Cabraal had discussions with the Governor of Qatar Central Bank (QCB) Sheikh Al-Thani, one of the longest-serving Governors in the world last week. The duo also discussed ways and…

Colombo International Container Terminals (CICT) has continued its winning streak on the global stage by winning the award for the ‘Best Container Terminal in Asia’ in the Under 4 million TEUs category for a record fifth consecutive…

The Government plans to convert Trincomalee Port to a mega industrial port city that will house ship repairs and shipbuilding, a petroleum refinery, fertilizer manufacturing, steel and mineral sand industries and biomass storage…