Govt. hints at floating BOC and People’s Bank on stock market 

Presenting the budget for 2018, Finance Minister Mangala Samaraweera said he wants to see the two state lending giants Bank of Ceylon and People’s Bank to raise debt and equity capital to beef up their capital requirements.

Telecom industry continues to be tax magnet 

The telecommunication industry was brought under renewed taxation in the budget, with cellular towers and mass SMS advertising becoming liable to further charges.

DFCC Bank launches “Premier Go”

DFCC Bank PLC launched “DFCC Premier Go”, the first ever premier banking app in the industry, exclusively for its Premier customers, at a special launch event held

Lose Yourself to the Music of the Whales with F-Air

For thousands of years mankind has wondered about the creatures that roam the seas. As if the seas of our planet are a kind of parallel universe, a place of wonder, where exquisite beings

Finishing touches to designer budget at Rainbow’s End

Finance and Mass Media Minister Mangala Samaraweera and Finance and Mass Media Ministry Secretary Dr. R.H. Samaratunga were laying the finishing touches to Samaraweera’s self-titled ‘designer budget’ at the minister’s residence, ‘Rainbow’s End’ near Bolgoda Lake 

Rupee edges up on exporter conversions; market awaits budget

REUTERS: The Sri Lankan rupee ended a tad firmer in dull trade yesterday led by exporter conversions, while most market participants awaited cues from the national budget due today.

Govt. should ensure its economic policies are not mere hallucinations: economist

Days ahead of the budget, a corporate leader cum economist called on the government to maintain consistency among its economic policy statements, the budget and post-budget enabling legislation, to ensure that the government policies are not mere hallucinations and the economic actors are not insane to expect different results from poor implementation.

Stocks steady ahead of budget; turnover at 7-week high

REUTERS: Sri Lankan shares ended steady yesterday with turnover hitting a seven-week high on foreign selling in United Motors Lanka, while all eyes are on the 2018 budget presentation scheduled today.

Dipped 2Q boosted by plantation segment performance; gloves still in red

Dipped Products PLC’s (DIPD) September quarter was supported by its plantation sector performance— mainly the higher tea prices— and for a lesser degree by the glove manufacturing business. 

Dialog Axiata 3Q net profit up 31% to Rs.3.21bn

One of the country’s leading telecom operators, Dialog Axiata PLC, experienced a positive third quarter from July-September (3Q17) compared to the same period last year amidst increased revenue and the decline of indirect taxes on data services.

CB downplays domino effect in housing market from any trouble in luxury segment

The Central Bank this week said that even if one company in the luxury property market collapses, it would not have a knock-on, domino effect on the rest of the market and downplayed the possibility of an asset bubble in the property sector emanating from the luxury segment.

Embark brings ‘passion’ to Kurunegala

Embark,the popular brand with a cause, opened its 11th standalone store in the city of Kurunegala on 29 October. Keeping true to its vision of improving the lives of street dogs in Sri Lanka,

The Galle Face Hotel Promotes Clean Eating with Vegan Week 2017

Over 150 years of history and heritage later, the Galle Face Hotel continues to lead culinary trends in Sri Lanka. With a focus on promoting clean eating, the iconic hotel 

International Authority for Professional Coaching & Mentoring recognizes Deepal Sooriyaarachchi as a

Well-known business professional, Deepal Sooriyaarachchi has recently been conferred the title of ‘Accredited Master Coach & Mentor’ (AMC/M) by the International Authority for Professional

EDB organizes Sri Lanka pavilion at ASEAN Expo in China

The Export Development Board (EDB) organized Sri Lanka’s participation at the 14th China – ASEAN Expo (CAEXPO) in Nanning, China from 12th -15th September  in collaboration with the Sri Lanka Consulate in Guangzhou.

Dr.Hiran Hettiarachchi invited to speak at Asia Real Estate Summit in Singapore

Blue Mountain Group Chairman Dr. Hiran Hettiarachchi will represent Sri Lanka’s property sector at the prestigious ‘PropertyGuru Asia Real Estate Summit’ today at Sands Expo & Convention Centre, Marina Bay Sands, Singapore. 

Re-mastered Herman MillerAeron 2.0 unveiled

The re-mastered version of the most famous and best-selling office chair in the world, Herman MillerAeron 2.0 was unveiled in Colombo recently.

Hatch transforming Sri Lanka’s collaborative workspace

Sri Lankan start-up incubation and acceleration platform, Hatch, announced plans for the launch of the island’s single largest co-working office space designed exclusively for start-ups to collaborate, create and grow.

EFC to add muscle for building consensus on sustainable enterprises

First coined in 1987 by the World Commission on Environment and Development (WECD) or the ‘Bruntland Commission’, the term ‘sustainable development’ was defined in its report as: ‘Development that meets the needs of the present generation without compromising the ability of future generations to meet their own ends’. 

Sujeewa appointed as UNESCAP Trade and Investment Committee VP

At the fifth Asia Pacific Trade and Investment Week that was held recently in Bangkok, where the deliberations of the Committee on Trade and Investment were held, International Trade State Minister Sujeewa Senasinghe was unanimously appointed as Vice Chairman of the Fifth Session of the Committee. 

Ceylon Chamber to hold post-budget seminar

The Ceylon Chamber of Commerce (CCC) will hold a customary post-budget seminar on November 16, 2017, at its auditorium.

Malik to speak at Global Investment Forum

Sri Lanka’s investment opportunities will receive global spotlight with Development Strategies and International Trade Minister Malik Samarawickrama speaking at the ‘Global Investment Forum’ of the Investment Corporation of Dubai (ICD) taking place next week.

Fairway English Creative Writing Workshop

Home grown Sri Lankan corporate, Fairway Holdings, hosted the second annual Fairway English Creative Writing Workshop on the 3rd and 4th of November 2017. Over 150 amateur writers

Stocks edge down in thin trade; budget awaited

REUTERS: Sri Lankan shares inched lower yesterday, with trading volume slumping to a more than six-week low, as investors awaited the national budget presentation scheduled later this week.

Brokerage expects long-term outlook to remain positive

The bullish sentiments on the construction sector that prevailed over the last two years have reversed in the short to medium term, with a number of headwinds expected to negatively impact its growth prospects, a brokerage said yesterday. 

Rent-seeking key obstacle for serious entrepreneurship: Dr. Ekanayake

Many businessmen in Sri Lanka are rent-seekers or started out that way, which has left the country’s youth with a dearth of role models to look up to when becoming entrepreneurs, according to a former Ceylon Chamber of Commerce chairman.

Rupee edges up on banks’ dlr sales; budget in focus

REUTERS: The Sri Lankan rupee ended firmer yesterday as dollar sales by foreign banks outpaced strong importer demand for the greenback, while most market participants awaited cues from the national budget later this week, dealers said.

Higher revenue helps Aitken Spence record Rs. 583 mn as 2Q profits

Diversified conglomerate Aitken Spence (SPEN) recorded strong growth during the June-September quarter (2Q18), with higher revenue across all sectors, and sale of a subsidiary contributing towards profits during the period despite escalating expenses.

‘KotagalaKahata – Rasa Wasana’ Consumer Promotion Comes To A Successful Conclusion

The ‘KotagalaKahata – Rasa Wasana’ consumer promotion, which took place from the 22nd of June to the 25th of August 2017, recently came to a successful conclusion

Hirdaramani Supports Future of Sri Lanka Apparel

As Sri Lanka’s apparel industry looks to reinvent itself to meet a new fashion future, one of Sri Lanka’s oldest and most respected apparel makers, the Hirdaramani Group, have taken