Business

During the past few years, Sri Lanka’s macroeconomic fundamentals have improved and the domestic financial sector has become stronger and more resilient

The short term Treasury bill yields fell at yesterday's auction held to re-issue Rs.12 billion maturing bills, the Public Debt Department of the Central Bank said.

Much has been said about Sri Lanka’s potential for growth, and indeed there are many national and corporate plans being rolled out towards this end. There is high focus on several key areas of improvement, such as Infrastructure, policy frameworks, citizen services, education and so on.

The global rubber industry has always been concerned over the fluctuating supply and spiralling prices of natural rubber (NR). Natural rubber is a highly valuable biomaterial in contrast with other bio-polymers and it cannot be replaced by other synthetic materials for many vital applications like heavy-duty truck/bus

Several publicly listed firms and leading business houses in the country have been offered some of the enterprises that were vested with the government under the Revival of Underperforming Enterprises or Underutilized Assets Act in 2011.

Sri Lanka's rupee hit a six-week low yesterday, weighed down by banks' demands for dollars to settle bond-related sales and importer buying of the U.S. currency, dealers said.

Central Bank has told commercial banks to cut the interest rate charged on credit card advances by 4 percentage points in a bid to reduce other lending rates, the Deputy Governor said yesterday.

Nestlé Lanka PLC’s Bandula Egodage has been appointed as the Chairman/Chief Executive Officer (CEO) of the Export Development Board (EDB) of the Ministry of Industry and Commerce, ministry officials stated.

An Australian firm is looking to make an initial US$ 150 million investment in Sri Lanka’s mineral sands prospects in the near future, according to Australian High Commissioner to Sri Lanka, Robyn Mudie.

Sri Lanka’s Hemas Holdings PLC, a family-run conglomerate with a strong presence in FMCG and healthcare sectors has embarked on to develop 3 new hotel properties in partnership with Thai-based Minor Group, a top official of the firm said.

It was  most timely that  Razik Zarook ,Chairman ,Bank of Ceylon ,Former Chairman NARA and co- Chair of Our Nations and the Sea (ONS)  in his address at the World Ocean Day on  June 7 (2013) at the BMICH  highlighted  the....

The recent decision to authorize the development of integrated tourism resorts, including gaming, has stirred up much controversy. It is an issue that needs to be examined in a hard headed and rational manner, devoid of emotion, hypocrisy and opportunism.

The stock market has outdone many financial instruments in the recent past due to the high return yielded. The market has grown by nearly 33 percent since June 2012 and has already experienced a growth of around 14 percent for the current year. Further on, it has outdone regional markets such as..............

Sri Lanka's Hemas Holdings PLC, a family run conglomerate with a strong presence in FMCG and healthcare sectors has embarked on to develop 3 new hotel properties in partnership with Thai based Minor Group, a top official of the firm said.

Imagine for a moment that you work in a cherished company and your team shared a common goal or standard for excellence in your work. Imagine your leader believed your team could and would be able to be ‘the best’ at what you do.

The bulldozers are working and a construction crane is being erected on that vacant lot you pass each day going to and from home. The sign on the fence states that a new 150 room 3-star hotel is being built with a planned opening date of mid -2014. If you have ever wondered just how that hotel was created

The composition of Sri Lanka’s foreign financing has undergone a major shift from concessional to non-concessional loans in 2012 with the country’s graduation to a middle income country, the latest Finance Ministry annul report showed.

The Colombo Stock Exchange (CSE) is striving to introduce the real- time margining and Delivery Versus Payment (DVP) mechanism for settlement of equities, despite certain setbacks in the implementation process, a top official said.

Sri Lanka’s Central Bank is to issue guidelines to direct banks to cut lending rates and narrow the gap with the inflation rate, central bank Governor Ajith Nivard Cabraal said.

The high-street fashion label Avirate will be joining a large and diverse portal of online retailers in Australia effective as of May 22, 2013 with its brand new Australia website.