UL ups flight frequency to Singapore

13 Dec 2020 - 0     - 421

SriLankan Airlines announced today its decision to increase the frequency of passenger flights on Colombo-Singapore route.

IMF Resident Representative pays courtesy call on State Minister of Finance Cabraal

19 Aug 2020 - 0     - 196

International Monetary Fund (IMF) Resident Representative to Sri Lanka Tubagus Feridhanusetyawan paid a courtesy call on the State Minister of Finance, Capital Markets and Public Enterprise Reforms Ajith Nivard Cabraal at the Finance Ministry.

Committee to probe into wrongdoings at state banks

19 Aug 2020 - 0     - 128

Finance Minister Mahinda Rajapaksa received the nod of the Cabinet of Ministers today to appoint a committee to look into the irregularities and malpractices that were said to have taken place in the state-owned banks during the period the previous government was in power.

Sri Lanka to participate in Paperworld Middle East

01 Mar 2019 - 0     - 59

Paperworld Middle East is the one-stop platform to discover the latest market trends, connect with leading players and explore a vast variety of paper-based products and brands. With dedicated sections for office supplies, school articles and printing materials, the exhibition promises exciting three days packed with opportunity and innovation. The trade show also features a broa

SLASSCOM, CSE and Hatch set sights on empowering start-ups

01 Mar 2019 - 0     - 54

ííThe Colombo Stock Exchange (CSE) in collaboration with the Securities and Exchange Commission of Sri Lanka (SEC), SLASSCOM and Hatch recently hosted an awareness session on the Empower Board, discu

People’s Bank gets new chairman

01 Mar 2019 - 0     - 1897

Nissanka Nanayakkara, PC assumed duties as the Chairman of People’s Bank yesterday. Nanayakkara functions as the Legal Secretary of the United National Party and is also a member of the UNP Working Committee. He is also the Chairman of Litro Gas Lanka Limited. Finance State Minister Eran Wickramaratne, MPs S.M.Marikkar and Hesha Vithanage, Bank Of Ceylon Chairman Ronald C. Perera, People’s Bank CEO/GM Vasantha Kumar and People’s Bank Senior Dep

Commercial Leasing and Finance opens Horana, Nikaweratiya branches

01 Mar 2019 - 0     - 424

Commercial Leasing and Finance PLC (CLC) made the 64th and 65th additions to its islandwide branch network recently, reinforcing its profound relationship with its customers. CLC’s 64th branch was ceremonially declared ope

Ceylinco Life introduces ‘Smart Protection’ policy

01 Mar 2019 - 0     - 165

An innovative life insurance product that guarantees a refund of the total premiums paid plus the sum assured at maturity while offering life cover, which is a minimum of eight times the sum assured, has been launched by Ceylinco Life. The first of its kind in the local market, this

Thilak Piyadigama appointed as SDB bank CEO

01 Mar 2019 - 0     - 727

The veteran banker counting over 30 years of experience in the industry, Thilak Piyadigama takes over the reins of SDB bank as the new CEO, with effect from March 1, 2019. He has held senior management positions in the banking and technology industries in Singapore, the UAE, UK and Sri Lanka, working for Standard Chartered Bank (SCB) and Nations Trust Bank (NTB).

NCE to conduct ‘Exporters Post-Budget Forum’

01 Mar 2019 - 0     - 57

The National Chamber of Exporters (NCE), the only private sector chamber that exclusively serves Sri Lankan exporters, will conduct ‘Exporters Post-Budget Forum’ on March 8, 2019, at Orchid Room, Hotel Galadari, from 3:30 p.m. onwards, following the presentation of the annual budget of the government by the finance minister. The forum will address the taxation and fiscal issues related to the budget, their implications on the export sector and

Fitch rates NDB’s Basel III sub debt final ‘A(lka)’

01 Mar 2019 - 0     - 25

Fitch Ratings has assigned National Development Bank PLC’s (NDB) (A+(lka)/Negative) proposed Basel III-compliant subordinated debentures a final National Long-Term Rating of ‘A(lka)’. The notes, which total up to Rs.6.5 billion with maturities of five years, include a non-viability clause and qualify as regulatory Tier II capital for the bank. The bank plans to use the proceeds to strengthen its Tier II capital base and support loan-book expans

Expert coaching assistance for export SMEs

01 Mar 2019 - 0     - 26

The International Trade Centre (ITC), headquartered in Geneva, is currently implementing the EU-Sri Lanka Trade-Related Assistance Project, which aims to increase the trade competitiveness of small and medium size enterprises (SMEs) in the regional and European Union (EU) markets. This four-year EU-funded project supports the improvement of SME export competitiveness and value addition in sectors with high potential for economic growth and dev

Hutch signs BOI agreement to invest US $ 115mn

18 Feb 2019 - 0     - 90

KKS port area to be made vibrant economic hub: PM

18 Feb 2019 - 0     - 77

Red clay roofing tile industry urges govt. to relax excessive red tape blocking raw material sourcin

18 Feb 2019 - 0     - 57

Sri Lanka’s red clay roofing tile industry recently urged the government to reduce excessive regulations and procedures in place with regard to sourcing their main raw material—clay— which has hiked the cost production, driving over 200 clay roofing tile plants out of business.

Electricity tariff reduction is cost reflective: energy expert

16 Oct 2014 - 0     - 789

An independent study carried out by a leading energy consultant with international repute shows that the recently announced electricity tariff reduction is reflective through the reduction in cost of production and thus, could not completely attribute to merely a politically-motivated election goody as claimed by many.

US-SL trade talks open in Colombo

16 Oct 2014 - 0     - 433

The premier annual trade event in historic US-Sr Lanka relations opened for the 11th time in Colombo yesterday and a top US institution that ensures ‘Made in America’ brand across the world, is renewing its ties with Sri Lanka after more than a decade.

Legacies, clouds and uncertainties

16 Oct 2014 - 0     - 580

You have now seen the basic numbers from our latest projections in the October 2014 World Economic Outlook released recently. We forecast world growth to be 3.3 percent in 2014, down 0.1 percent from our July forecast, and 3.8 percent in 2015, down 0.2 percent from our July forecast.

Budget 2014 must articulate sound labour market strategy

16 Oct 2014 - 0     - 530

Treasury Secretary DR P.B Jayasundra last week highlighted the need to brand Sri Lanka as a knowledge destination. The veteran public servant knows very well that the key to improving labour market competitiveness in the economy lies in raising human resource capabilities.........

BOC partners Jaffna railway station reconstruction

16 Oct 2014 - 0     - 1261

After 23-long years of absence from the railways the famous ‘Yal Devi’, the legendary train that linked Jaffna with Colombo,...

Senlanka Destinations, newest addition to Sri Lanka’s travel sector

16 Oct 2014 - 0     - 424

The newest addition to David Pieris Group of Companies, Senlanka Destinations (Pvt.) Ltd, started its operations, recently at the new DPL Office Complex at No. 1F, Avissawella Road, Wellampitiya.

Norfolk celebrates 20 years of offering quality and safe products to consumers

16 Oct 2014 - 0     - 1024

A joint venture of British and Sri Lankan origin, Norfolk Foods offers quality meat, fish, poultry and vegetarian products. Established in October 1994, the company has catered to the discerning epicurean and offers over 150 products.

Mediafactory group appoints Michael Holsinger as Group COO

16 Oct 2014 - 0     - 1344

The Mediafactory group has appointed experienced industry professional Michael Holsinger as its Group Chief Operating Officer (COO) in a bid to strengthen its growth trajectory and fine-tune synergies among its subsidiary communication agencies.

Hemas to exit power biz in Rs.1.68bn deal

15 Oct 2014 - 0     - 898

Hemas Holdings PLC yesterday said it had entered into a share sale and purchase agreement to fully divest its shareholding in Hemas Power PLC to a consortium of buyers, consisting of NDB Capital Holdings PLC, ACL Cables PLC and Trydan Partners Private Ltd for a consideration of Rs.1.68 billion—Rs.17.90 per share.

Penalising customer loyalty

15 Oct 2014 - 0     - 384

There’s a huge reservoir of loyalty floating around out there.  People are loyal to their nation. People are loyal to their president. People are loyal to their political party. People are loyal to their club. People are loyal to their school. People are loyal to their religion.  People are loyal to their job. People are loyal to people.

Markets too do need to take profits

15 Oct 2014 - 0     - 548

The All Share Price Index (ASPI), which rose to 7,406 points, peaked on October 3, 2010 (the highest the index has achieved since the all-time high in February 2011) and started to take a breather in the subsequent days.

Chinese tourist arrivals reach milestone

13 Oct 2014 - 0     - 71

Lanka ceremonially welcomed the 100, 000th Chinese tourist to the country in 2014, at the Bandaranaike International Airport on Saturday.

Successful leadership begins with a clear and compelling vision

13 Oct 2014 - 0     - 670

We have seen how successful leaders have mastered the art of self-leadership. They are authentic, reliable, fair and trustworthy and also compelling. Such leaders have also taken time to crystallize a personal vision of the future, which will become the foundation or cornerstone for a shared vision.

Are you a wise investor?

13 Oct 2014 - 0     - 387

Sri Lanka’s economy is growing steadily and recorded a gross domestic product (GDP) of 7.8 percent p.a. at the end of the second quarter this year. An improving external environment, higher investments and a recovery in domestic consumption, all indicate even better prospects for the country.........

President rings bell to kick off capital market conference

10 Oct 2014 - 0     - 231

Sri Lanka hosted its first post-war capital market conference yesterday at the Cinnamon Lakeside Hotel. Here President Mahinda Rajapaksa...