Business

Covering the latest developments in the business world, including mergers and acquisitions, new product launches, executive changes, and company earnings reports.

Business

Intrepid Travel Sees Sri Lanka as Key Player in Ambitious Growth Strategy

Intrepid Travel, the world’s largest adventure travel company and a champion of responsible tourism, is placing a significant bet on Sri Lanka. Chairman.

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Business

Sri Lanka’s Graphite: A Golden Opportunity in the Electric Vehicle Boom

Sri Lanka possesses a unique advantage in the global market – its graphite. This high-quality mineral, known as vein graphite, is considered the.

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Business

Richard Pieris Group Weathers the Storm with Strong Financial Performance

Despite a challenging economic climate in FY2022/23, the Richard Pieris Group demonstrated remarkable resilience. The company achieved a significant milestone, recording total revenues.

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Business

Sri Lanka Unveils New Benchmark for Corporate Transparency: The TAGS Compliance Badge

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has taken a significant step towards promoting transparency and excellence in corporate.

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Business

NDB Cautiously Optimistic About Sri Lankan Economy: Debt Payments, Rate Cuts, and Growth on the Horizon

Sri Lanka’s economic outlook received a mixed forecast from NDB Bank at their recent Investor Earnings Call event on March 20th, 2024. While.

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Business

Sri Lankan Seed Industry Gets a Boost: CIC Seeds Launches Locally Developed Hybrid Vegetables

Sri Lanka’s agricultural sector is set for a significant improvement with CIC Seeds (Pvt) Ltd., a subsidiary of CIC Agribusiness, achieving a major.

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Business

Abans Receives Favorable Rating for Debenture Issuance

Fitch Ratings has assigned a positive ‘AA- (lka)’ National Long-Term Rating to the proposed debenture issuance by Sri Lanka’s Abans PLC. Abans, a.

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Business

Controversy Surrounds Central Bank Salary Hike

Sri Lanka’s Central Bank (CBSL) recently implemented a salary revision for the 2024-2026 period, sparking public debate. This decision, reached through a collective.

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Business

Colombo Dockyard Makes a Splash at Singapore’s APM 2024

Sri Lanka’s economic revival is turning heads, and Colombo Dockyard PLC (CDL) is feeling the wave. With a recently bolstered business environment, CDL.

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Business

Sri Lanka’s Wind Power Project Stalled Amid Political Wrangling and Environmental Concerns

Sri Lanka’s ambitious plan to harness clean energy through a wind power project in Mannar has hit a roadblock. Despite its potential to.

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