Business

For the first time in Sri Lanka, Abans will be moving to the manufacture of Air conditioners in Sri Lanka and also refrigerators. The total investment for the two projects would be in the excess of Rs. 3.5 billion in two stages.…

LOLC Life Assurance Limited and LOLC General Insurance Limited, two of the fast-growing Insurance companies in Sri Lanka were recognised for their profound commitment to their staff at the recent Asia’s Best Employer Brand Awards 2021…

The Bourse ended the week on a positive note this week with ASPI increasing by 291.41 points (or 3.03%) to close at 9,915.22 points, while the S&P SL20 Index also increased by 59.11 points (or 1.67%) to close at 3,605.72 points.…

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…

National Development Bank PLC has always been dedicated to providing exemplary services to all their customers whether they be individuals, corporates or institutions. With the introduction of NDB Privilege Banking, NDB has taken…

The Colombo Stock Exchange (CSE) benchmark All share Price Index (ASPI) reached an all-time high of 9,881 points today the first time in market history.

Jaffna farmers are now harvesting their grapes and the demand for it is picking up. However the leading super markets are yet to venture into this segment and purchase them in a more organized manner depriving the Northern farmer of…

Manufacturing PMI bounced back to 54.3 in September 2021, increasing by 9.2 index points compared to August 2021. This increase was mainly attributable to the significant improvements observed in New Orders and Employment sub-indices.…

The legacy of the pandemic may leave permanently higher unemployment and lower wage levels in the economy which would in turn affect the spending power of consumers, says ICRA Lanka ratings. “We expect the demand for services to…

First Capital Treasuries PLC, Sri Lanka’s leading non-bank primary dealer, recently announced the firm’s intention to enter an Initial Public Offering (IPO). The IPO is scheduled for November 2021 subject to regulatory approval.…