Business

Total tea exports during the period January-August 2021 rose to 187.57 million kilos showing an increase of 13.43 million kilos over the same period last year. Total tea exports from January to August 2020 was 174.14 million kilos.…

Thornton Engineering, the Next Ventures owned civil engineering company, has acquired a 100% stake in Dane Engineering (Pvt) Ltd. for Rs 350 million, creating a construction business with a combined portfolio of Rs 5.9 billion.…

In their monthly Economic Outlook for September- October predicts that restrictions imposed on the current account and capital account are likely to blow back rather than improve the balance of payment situation. “Swaps and…

The Planters’ Association of Ceylon (PA) and the Plantation Human Development Trust (PHDT) announced major progress in their collective efforts to safeguard all residents of Sri Lanka’s estate community, with over 85% of the community…

Prolonged restrictions on vehicle importation could pose challenges to growth prospects of Sri Lankan finance and leasing companies (FLCs) says Fitch Ratings in their ‘Sri Lanka Finance and Leasing Companies Dashboard: FY21.…

Sri Lankans biggest privately funded development, Colombo Port City (CPC) which will help to elevate Sri Lanka to its next level will be celebrating 7 years of its existence today. (17). The project was inaugurated by its brainchild…

The Central Bank will launch Road Map 2021 for Sri Lanka on October 1, new Governor of CBSL Ajith Nivard Cabraal said yesterday upon taking office as the 16th governor. He said these new strategies would be spelt out towards…

Swiss International Airlines has planned to resume their services on November 4, 2021 to Sri Lanka, Airport and Aviation Services (Sri Lanka) (Private) Limited (AASL) said. The airline will operate a twice weekly winter schedule…

ICRA Lanka Limited, the premier investment rating agency in Sri Lanka affiliated to Moody’s, has reaffirmed that JAT Holdings PLC remains worthy of the agency’s much coveted A+ Rating with a stable outlook. JAT Holdings PLC has…

Leaders of Sri Lanka’s apparel sector highlighted the industry’s prioritization of employee safety through the adoption of and adherence to comprehensive health measures, while ensuring business continuity and thereby the industry’s…