Euro extends gains as ECB fuels ‘taper’ talk but equities soften

The euro extended its gains yesterday after the European Central Bank said it would begin re-evaluating its easy-money policies in the autumn, fuelling talk that the age of cheap money was coming to an end.

U.S. toughens stance on foreign deals in blow to China’s buying spree

  A secretive U.S. government panel has objected to at least nine acquisitions of U.S. companies by foreign buyers so far this year, people familiar with the matter said, a historically high number that bodes poorly for China’s overseas buying spree. 

Rupee steady; importer dlr demand offsets exporter sales

The Sri Lankan rupee was steady yesterday with demand for the greenback from importers offsetting dollar sales by exporters and foreign banks, dealers said. 

FTC probing allegations of Amazon’s deceptive discounting

As part of its review of Amazon’s agreement to buy Whole Foods, the Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts, according to a source close to the probe.

Pan Asia Bank Toastmasters Club installs first executive committee

Pan Asia Bank Toastmasters Club installed its first executive committee recently marking the beginning of a journey towards nurturing the next generation of corporate leaders.

Overwhelming entries for Mom, Me and My Milo campaign

Building on the tremendous success of the Mom, Me and My Milo campaign in the last two years, Milo is once again bringing together the most important stakeholders at the heart of its brand - moms and kids - to bond and enjoy an active lifestyle together.   

DIMO Overall Gold Winner in CMA Excellence in Integrated Reporting Awards

The third‘CMA Excellence in Integrated Reporting Awards –2017’awards presentation ceremony was held on 17th of July at Cinnamon Lakeside, Colombo in line with CMA National Management Accounting Conference under the theme of ‘Digital Transformation – A new Strategic Imperative’.

New Inland Revenue Bill to be passed in parliament next month

The new Inland Revenue Bill, which the government is pinning its hopes on to create a just and broad taxation system, will likely be passed by parliament this August, after incorporating amendments proposed by the Supreme Court and other stakeholders, Sri Lanka’s Finance and Media Minister said.

Foreign Affairs Minister guest speaker at Rotary Club Colombo West

Foreign Minister Ravi Karunanayake was invited by the Rotary Club of Colombo West as the Guest Speaker at their luncheon meeting chaired by President Roshan Perera, with Pravir Samarasinghe, Secretary Harsha Rajan and Governor Senaka Amarasinghe at the head table. 

Cotton Collection’s Niloufer Anverally honoured as Business Role Model

Cotton Collection Founder/Managing Director Niloufer Esufally Anverally, was honored as Business Role Model of the Year 2017 at the recent Top 50 Professional and Career Women Awards 2017. 

IMF deal on Greece ‘very positive’ for markets: EU’s Moscovici

The International Monetary Fund’s approval of a one-year US$1.8 billion loan for Greece was a “very positive signal for the markets,” the EU’s Commissioner for Economic and Monetary Affairs, Pierre Moscovici, told AFP yesterday. 

Berendina recognizes academic achievements of vulnerable youth

Berendina Employment Centre (BEC) in collaboration with World Vision (WV) recently conducted the certificate awarding ceremony to recognize 41 students who completed the Professional Skills Development Programme in Batticaloa. 

SLIM NASCO attracts record high entries as judging process begins

As entries closed for the eagerly awaited National Sales Congress (NASCO) 2017, The Sri Lanka Institute of Marketing (SLIM) which organizes the 

Amãna Takaful conducts Road Safety workshop for student traffic controllers of Matara

The rapid increase in road accidents often ending in fatalities is a matter that draws much attention from the media and the public alike. According to the statistics of the Sri Lanka Police at least

Energy regulator approves coal-free power generation plan for next 20 years

Amidst lobbying from environmentally-conscious stakeholders, the Public Utilities Commission of Sri Lanka (PUCSL) approved a revised coal-free power generation scenario for the next 20 years at a present value of US$ 15.52 billion, in the process saving US$ 1.13 billion over the Ceylon Electricity Board’s (CEB) coal-heavy option.

Sixteen foreign speakers to bring in int’l perspective to Economic Summit

Sri Lanka Economic Summit 2017 which will focus on how the Lankan economy can be transformed from potential to realization has lined up 16 foreign speakers to bring in an international perspective to the discussion table.

Shares fall for seventh session in eight; foreigners buy

REUTERS: Sri Lankan shares fell for a seventh session in eight yesterday and posted their lowest close in a month with blue chips leading the losers.

China unveils plan to become world leader in AI by 2025

REUTERS: China unveiled a national Artificial Intelligence (AI) development plan yesterday, laying out its ambitions to build world-leading technology amid heightened international friction over applications of AI in military technology. The value of the country’s core AI industries will exceed 150 billion yuan (US$22.15 billion) by 2020 and 400 billion yuan (US $59.07 billion) by 2025, the State Council said in 

Rupee steady; bond yields down after t-bill auction

REUTERS: The Sri Lankan rupee traded steady yesterday with dollar sales by exporters and foreign banks offsetting demand for the greenback from importers, while yields on government securities fell a day after T-bill yields came down, dealers said.

Gem and Jewellery Association launches Facets 27th edition

The Sri Lanka Gem and Jewellery Association (SLGJA) announced the launch of the 27th edition of the Facets International Gem and Jewellery Exhibition, at a press conference held at OZO Colombo recently. 

CILT delegation attends Macao Int’l Convention

Chartered Institute of Logistics and Transport (CILT) held its International Convention recently in Macao at the Sheraton Grand Hotel, Cotai Central. 

SLICM 20th convocation today

With 29 years of experience functioning as a specialized training institute, the Sri Lanka Institute of Credit Management (SLICM) stands tall as the only professional body in Sri Lanka accredited to offer a professional qualification in credit management. Today, the SLICM will hold its 20th annual convocation ceremony at the Centre for Banking Studies auditorium in Rajagiriya.

Stax-SLID present 2017 Family Business Survey, panel discussion

Global strategy consulting firm Stax in collaboration with the Sri Lanka Institute of Directors (SLID) presents ‘Taking Over the Mantle’, an event to unveil the results from the first-ever survey of Sri Lankan family firms and a vibrant panel discussion with some of Sri Lanka’s finest family business leaders across generations. 

Colombo Uni Manufacturing Management Master’s students visit Thailand Toyota, Sodick factories

Students of the Master in Manufacturing Management programme of the University of Colombo recently visited the Toyota Motor Corporation and Sodick Electrical Discharge Machines (EDMs) manufacturers in Thailand. 

FACETS 2017 set to showcase the best of Sri Lanka’s Gem & Jewelry Industry

The Sri Lanka Gem & Jewelry Association announced the launch of the 27th edition of the FACETS International Gem & Jewelry Exhibition,

Fadna Shape Up Tea Double Active completes 10 years

Fadna Shape Up Tea, the perfect solution for a dream figure, will celebrate its 10th year anniversary as the market leader in Sri Lanka since 2007.

Laugfs International hosts workshop for Airman generator dealers, service agents

Laugfs International (Pvt) Limited, the trading arm of Laugfs Holdings, recently hosted a one-day workshop for its Airman Generator dealers and service agents including its sales, operations and service teams, where individuals were exposed to an outstanding training programme exclusively with Airman Japan representatives. 

Clarion International launches ‘Solar Power Branches’ in key cities

Clarion International Ltd, a company with a 32-year track record that has saved the nation billions of rupees in energy solutions, recently opened ‘Solar Power Branches’ in several key cities across the island, paving the way for customers seeking world-class solar power solutions to easily access the company’s products and services.

Caltex awards third lucky duo of Star Drive competition

On June 13th, the third two winners of Caltex Star Drive – Car and Bike Chase” received their brand-new Bajaj Discover 125cc motorcycles plus a year’s worth of free engine oil at an event held at the Chevron House in Colombo 3. 

CA Sri Lanka announces 53rd Annual Report Awards

Reiterating  Colombo Stock Exchange’s commitment to encourage companies to embrace concepts such as integrated  reporting which  promotes  corporate  transparency  and  performance in relation to  financial  and non-financial development that  ultimately results in  enhancing  shareholder  value, Colombo Stock Exchange Chairman Ray Abeywardena this week pledged that they will