Women in Sri Lanka’s workforce declined to 36% in 2016 from 41% in 2010: WB report

Removing barriers to women’s paid work will encourage more Sri Lankan women to participate in the workforce, finds a new World Bank report.  Safe childcare and transportation, early orientation to career development to better prepare girls to enter and remain in the workforce and implementing gender equal labour laws and practices are among recommendations of the report.

Increase in employment despite supply-side inflation shows economic resilience: Governor

The weakening of theoretical economic relationships during a time of crisis shows the resilience in Sri Lanka’s economy, according to Central Bank Governor Dr. Indrajit Coomaraswamy.

Mobitel’s Cash Bonanza Season 2 winner drives away with a brand new Montero

The National Mobile Service Provider, Mobitel recently presented the 10th grand prize of a brand new Montero as a part of its year-round Cash Bonanza

CAMMS wins gold at NBQSA 2017

Global Enterprise Performance Management (EPM) software vendor, CAMMS – a world leader in planning and strategy, project

Universal Online Payment Portal payeasy.lk Now Bigger and Better

In today’s fast-paced world, most of us have hectic schedules with little or no time to even run simple errands like purchasing groceries or paying bills

Etihad Airways Start Of Grand Prix With Spectacular A380 Fly-Past

Abu Dhabi, United Arab Emirates – Etihad Airways, the national airline of the UAE, once again marked the start of the Formula 1 

Over 80% tax revenue collected from ordinary people via indirect taxes: Mangala

Finance and Mass Media Minister Mangala Samaraweera told a recent meeting that he was dismayed when he was told that 82 percent of the total tax revenue collected was in the way of indirect taxes, and was borne by ordinary citizens of the country.

Mangala’s plan to extend fishing rods to people instead of fish could backfire: academic

The government’s attempts to extend fishing rods to Sri Lankans instead of fish to relieve their hunger will be sorely tested due to the upcoming elections and the dependent mentality of locals, senior academics said recently.

ADB, Deutsche Bank enter deal supporting Sri Lankan SMEs

The Asian Development Bank (ADB) and Deutsche Bank AG announced an agreement to enter into a Supply Chain Finance (SCF) transaction under ADB’s Supply Chain Finance Programme (SCFP).  The SCF will provide over US $ 200 million in annual financing to small and medium-sized enterprises (SMEs) across developing Asia.

Central Bank establishes department to implement new foreign exchange law

The Central Bank of Sri Lanka has established a new department to implement the new foreign exchange law.

Danish pump giant sees plenty of business opportunity in Sri Lanka

The Danish pump giant, Grundfos, which has been in Sri Lanka for a quarter-century, sees ample opportunity in the island nation as the demand for water across drinking, agriculture and industrial use, is on the rise.

John Keells X Open Innovation Challenge winners enter 6-month accelerator programme

John Keells Holdings PLC (JKH) announced the six winners of its second John Keells X (JKX) Open Innovation Challenge at a Pitch Day recently. 

John Keells X Open Innovation Challenge

John Keells Holdings PLC announced the six winners of its second John Keells X Open Innovation  Challenge at  a Pitch Day recently

DFCC Bank secures USD 30 million in funding from BlueOrchard

DFCC Bank recently secured USD 30 million in funding from BlueOrchard, a leading global impact investment manager, following an agreement signed

Vallibel Finance pre-tax profits grow 38% to Rs. 807 mn

Vallibel Finance PLC returned its customary impressive half-year report card with exceptional growth in all key indicators, including Interest income exceeding Rs.2.9 billion and assets surpassing Rs.32.7 billion. 

Taiwan 3Q economic growth highest in over two years

AFP:  Taiwan’s economy grew 3.1 percent in the July-September period to a ten-quarter high thanks to robust overseas demand for consumer electronics products, the government said yesterday.

Abans Audio launches all-new LG X-Boom lineup

Abans Audio, the audiovisual arm of Abans PLC, recently released the new progressive range of LG X-Boom hi-fi and home theatre systems for the first time ever in  Sri Lanka. 

Sri Lanka attends Int’l Dialogue on Religious Tourism and Pilgrimage

Sri Lanka was invited to be a panelist at the high level dialogue of the International Congress on Religious Tourism and Pilgrimage that took place in Fatima, Portugal this week.

Rupee falls on importer dollar demand

REUTERS: The Sri Lankan rupee closed marginally weaker yesterday, as demand from importers for the U.S. currency outpaced dollar conversions by exporters and inward remittances, dealers said. 

Shares hit 2-month closing low on foreign selling

REUTERS: Sri Lankan shares fell to a near two-month closing low yesterday on foreign selling, while investors waited for clarity on new taxes introduced in the national budget and on key legislations. 

DFCC Bank secures US$ 30 mn funding to support SME, micro financing sectors

DFCC Bank recently secured US$ 30 million in funding from BlueOrchard, a leading global impact investment manager, following an agreement signed between the management of both organizations. 

Clogard rewards Lankan families to encourage oral hygiene across nation

Mothers usually have to face refusals when asking kids to brush their teeth. Clogard turned the activity into an exciting and fun experience by inviting young ones to fight germs and win prizes, encouraging good oral health.  

CMA Sri Lanka empowers another speechcrafter batch

The CMA Sri Lanka Toastmasters Club successfully conducted the fifth consecutive batch of speechcrafters sponsored by the Institute of Certified Management Accountants of Sri Lanka (CMA). 

Unilever and Sathosa launch ‘Idam Nidanaya’ Season 2 promo

Unilever Sri Lanka together with the nation’s largest state-owned retail network, Lanka Sathosa, unveiled the second phase of the ‘Idam Nidanaya’ mega land giveaway promotion at Water’s Edge, Battaramulla, recently.

Development Lotteries Board produces 17 millionaires again

Marking again a golden age of its history, the Development Lotteries Board (DLB) enjoys the pleasure of making the highest number of winners from the beginning of this month as well as in the previous month. 

Oman Air B737 MAX fleet to fly with Thales AVANT IFE System

Oman Air, the National Carrier of the Sultanate of Oman signed an agreement with Thales on the sidelines of the Dubai Airshow, to equip its B737 MAX

Former SLAITO President Chandra Wickramasinghe felicitated with highest honour

Former SLAITO president Chandra Wickramasinghe was bestowed with the honorary distinction of Officier de l’Ordre National du Mérite

Coca-Cola Sri Lanka Introduces Sprite Zero

Buoyed by the success of its sugar-free drink Coke Zero, Coca-Cola Sri Lanka is now set to launch Sprite Zero, the sugar-free

Nestlé brands Maggi and Nestomalt named Sri Lanka’s Top 10 FMCG brands

Nestlé’s two iconic brands, Maggi and Nestomalt, were named Sri Lanka’s Top 10 FMCG brands in the latest Brand Footprint Study by research company Kantar World panel

Transworld Feeders Kicks Off Service on Colombo - Chittagong Route with Mv. OEL Shasta

Dubai based Transworld Feeders ceremonially kicked-off their newest Feeder service on the Colombo - Chittagong sector with the 1,684 TEUMv. ‘OEL Shasta’