Stax Secures strategic investment from US-based Blue Point Capital Partners
Stax Inc, an analytically-driven global M&A strategy consulting firm management consultancy with offices in Sri Lanka and the United States secured a strategic investment from a US-based private equity firm, Blue…
First Capital, Vallibel Power, and Laxapana Batteries emerges as the strongest dividend-paying Sri Lankan stocks
First Capital Holdings has emerged as the strongest dividend yield stock among listed entities on Colombo Stock Exchange (CSE) for the one-year period ending on the 30th of June this…
Approval for the appointment of 08 Secretaries to Ministries granted by the Committee on High Posts
The appointment of 08 Secretaries to Ministries has been approved by the Committee on High Posts. General (Retd.) Kamal Gunaratne, Secretary to the Ministry of Defense was among the Secretaries…
USAID Launches Fresh 5-year, $19m Initiative to Support Sri Lanka’s renewable energy Ambitions
The United States Agency for International Development (USAID) announced its new $19 million, 5-year Sri Lanka Energy Program recently. Once finalized, this grant will support the Government of Sri Lanka’s…
Inaugural LANKA COFFEE ASSOCIATION Aims to Restore Ceylon Coffee Brand
Sri Lanka was once the third-largest producer of coffee in the world. Devastatingly, the coffee leaf rust disease wiped out the country’s plantations in the 1860s and exports have remained…
Commercial Bank Captures the ‘Best Corporate Citizen Sustainability Award for the first time
Commercial Bank of Ceylon PLC won the coveted ‘Best Corporate Citizen Sustainability Award 2021’ at an annual event organized by the Ceylon Chamber of Commerce, the country’s premier business chamber,…
Sri Lanka’s Central Bank to Steer Towards a More Hawkish Direction – First Capital
Ahead of the Monetary Policy Review Meeting of the Central Bank of Sri Lanka (CBSL), the First Capital Research predicted a 50% probability for a policy rate hike to prevent…
Gem Dealers in Sri Lanka Welcomes Govt Moves on Ease of Doing Business in Budget 2022
The Largest Association of Gem Dealers in Sri Lanka, the Chinafort Gem and Jewellery Traders Association welcomes the Government’s initiatives to promote Ease of Doing Business measures in the Gem…
Sri Lanka shuts only oil refinery to manage forex crisis
By Uditha Jayasinghe (Reuters) – Sri Lanka has temporarily shut its only oil refinery as part of efforts to manage dwindling foreign exchange reserves, the energy minister said on Tuesday, triggering…
Expolanka Survives from 25% surcharge tax proposed in budget 2022
Sri Lanka’s second-largest listed firm, Expolanka Holding PLC will not be subjected to a one-off 25% surcharge tax proposed in budget 2022 given the company’s earnings heavily skewed its overseas…