Rupee ends steady in dull trade

REUTERS:  The Sri Lankan rupee closed steady yesterday in dull trade as exporter dollar sales and inward remittances offset importer demand for the U.S. currency in the absence of dollar buying by state-run banks, dealers said.

Sri Lanka likely to miss 2017 revenue goal on tax proposal delay

REUTERS: Sri Lanka is likely to miss its revenue target this year due to delays in implementing proposals set out in the 2017 budget, a top Finance Ministry official said yesterday.

Campaign Asia names Selonica Perumal in their “Top 40 Women in Asia to Watch”

Selonica Perumal, Director of Publicis, has been named as one of the Top 40 Women to Watch by Campaign Asia. Selonica joins an elite group of professional women in the marketing communications 

Mount Lavinia Hotels award winning chefs partner with Michelin Star Chef Tom Aikens

Mount Lavinia Hotel held an exclusive evening featuring the hotel’s award-winning chefs partnering with Michelin Star Chef Tom Aikens in preparing a special dinner for a crème de la crème list of 

FACETS 2017 to attract several foreign delegations

The Gem and Jewelry Industry of Sri Lanka as well as the premier platform which showcases it, the FACETS Gem and Jewelry Exhibition, has gained much international acclaim and recognition.

Sampath Bank Athletic Championship 2017

Sampath Bank Athletic Championship 2017 was held recently at the Mahinda Rajapaksa Stadium, Diyagama. Mr. Nanda Fernando, Managing Director, Sampath Bank PLC was the Chief Guest of the 

Sri Lanka – Asia’s Next Property Hotspot?

With land and house prices seeing unprecedented appreciation in 2017 alone, Sri Lanka has emerged as Asia’s new destination for attractive real estate returns with its prime beach front land

Shares fall for third straight day; blue chips drag

REUTERS: Sri Lankan shares fell for the third straight session yesterday, hitting their lowest close in more than four months, as investors sold heavyweights amid continuing uncertainty over a proposed tax reform bill.

Dufry wins tender to carry out duty free operations at BIA

Sri Lanka will award a five-year duty free retail concession to Dufry AG of Switzerland to carry out duty free operations at Bandaranaike International Airport (BIA).

Union Assurance June net up on higher premiums, investment income

Union Assurance PLC reported earnings of Rs.66.9 million or Rs.1.14 a share for the April-June quarter (2Q17), up 16 percent year-on-year (YoY) as the growth in premiums and investment income rose quite strong, the interim results showed.  

Kantala becomes first SL fashion brand to successfully achieve crowd funding target

Sri Lankan fashion accessory brand ‘Kantala’ recently launched its range of vegan fashion accessories internationally, via the crowd-funding platform IndieGoGo, catering to the fashionable yet conscious consumer. 

Rupee ends firmer on exporter dollar sales, inward remittances

REUTERS: The Sri Lankan rupee closed higher yesterday for a third straight session as exporter dollar sales and inward remittances surpassed mild importer demand for the US currency in the absence of dollar buying by state-run banks, dealers said.

Leema wins National Silver Award for ‘Large Category Business’ at CNCI

Leema Creations (Pvt.) Ltd, the total interior solutions provider in Sri Lanka was recognized and honoured with the National Silver Award for Large Category Business at CNCI Achiever of the year 2017 award ceremony held at Hotel Galadari last week. 

New tourism plan admits shortcomings in promotional work by officials with limited capability

The Sri Lankan government has finally admitted that its recent tourism activities, conducted by the Sri Lanka Tourism Promotions Bureau (SLTPB) officials with limited competence, capability and experience, have given little in return for the country.

Warner Bros.and Mattel Inc. partner Tomahawk to introduce exclusivebicycles

Proud to be called Sri Lankan, Tomahawk isthe only company to be accredited as the sole agent and distributor of Ben10 and Barbie bicycles in Sri Lanka,  and is known for having exclusive licenses by Mattel Inc. USA and Warner brothers USA.

Govt. says polythene ban in effect from Sept. 1

The government has decided to implement the ban on high-density polythene (HDPE) from September 1 as earlier planned but punitive action against the production, sale and usage of such will be taken from January 1, 2018 onwards.

Kalinga Wijesekera reelected President of Sri Lanka – Indonesia Business Council (SLIBC)

Sri Lanka – Indonesia Business Council (SLIBC) which functions under the aegis of the Ceylon Chamber of Commerce held its 24th Annual General Meeting recently, at Movenpick Hotel, Colombo,

OPPO gives opportunity for Sri Lankan's to win Deepika Padukone’s phone

The camera phone brand OPPO, today launched an excitingcompetition which gives Sri Lankans the opportunity to win a OPPO phone autographed by OPPO’s brand ambassador Deepika Padukone. 

OPPO launches F3 "FC Barcelona" Limited Edition - from Enthusiasts to Experts in Sri Lanka

The camera phone brand OPPO has just broughtOPPO F3 “FC Barcelona Limited Edition” to Sri Lanka - celebrating one of the most popular football clubs in the world, the FC Barcelona or Barca,

Tacology

Taco Bell, the newest addition to Sri Lanka’s bustling international cuisine scene, is currently the hottest topic amongst Colombo’s ardent foodies, giving everyone something to taco ‘bout.  Originally 

Etihad Airways Presents Manish Arora At Lakmé Fashion Week

Etihad Airways presented internationally renowned designer, Manish Arora’s Paris collection at Lakmé Fashion Week last night. The Paris-based designer’s Autumn /  Winter ’17 collection, ‘CosmicLove’ 

Internationally acclaimed Ingco power tools from Pamankada Group

Ingco, a world renowned brand when it comes to industrial power tools and accessories, are making lives easier for artisans in various constructing, building and manufacturing fields in Sri Lanka as well as around the globe. 

Oman Air and Industrial Optimizers signan agreement

Oman Air and Industrial Optimizers have signed an agreement concerning. The MP2 Aero Fleet Assigner optimizer, including the functionality for scheduling and Network analysis.  

A&E strategically aligns with CGS to improve productivity through tech

A&E, a global leader in premium quality industrial and consumer sewing thread, embroidery thread and technical textiles, announced this month its strategic alliance with CGS, a provider of business 

Fairway National Literary Awards: Past winners revisited

The countdown to the announcement of the 2017 shortlist for the Fairway National Literary awards allows a moment of retrospective reflection about the FNLA, the prize and its past winners. The FNLA 

Choose your style statement with Hameedia’s ‘What your fit?’ campaign

Hameedia, Sri Lanka’s premier men’s wear specialist renowned for quality and style has dedicated the weekends beginning from August 18th through September 30th to extend their fashion expertise to

Domino’s launches everyday value meals

Domino’s Sri Lanka created a paradigm shift in the Quick Service Restaurant Industry by launching its everyday value offers for its discerning consumers.

CB appoints new Deputy Governor

The Monetary Board of the Central Bank, with the concurrence of Finance Minister Mangala Samaraweera, has promoted Assistant Governor C.J.P. Siriwardana to the post of Deputy Governor with effect from August 19, 2017.

Cargills Bank turns Rs.17mn profit in 2Q over higher loans

Cargills Bank Limited showed signs of better prospects in the highly competitive Sri Lankan banking landscape as it recorded a positive growth in the most recent quarter, supported by a strong growth in loans. 

Tea output jumps 19% in July

REUTERS: Sri Lanka’s tea output rose 18.9 percent in July compared to a year earlier, the state-run Tea Board said as industry officials attributed the gain to lower production last year.