Glyphosate use should be backed by evidence-based policies: Eran

Evidence-based policies need to be undertaken with regard to the use of glyphosate in Sri Lanka, in order to support one of Sri Lanka’s leading export earners, Finance State Minister Eran 

IOSCO says large portion of SL’s financial system unregulated

The global standard setter for the securities sector, the International Organization for Securities Commissions (IOSCO) recently highlighted that a significant portion of Sri Lanka’s financial system is unregulated, with various regulators for the sector acting without formal cooperation.

Bloomberg expects slightly higher interest rates in Sri Lanka towards 4Q17

Economists surveyed by Bloomberg during the last couple of days forecasted slightly higher interest rates in the Sri Lankan economy towards the latter part of the year from what is prevailing at present. 

Shares end higher on foreign buying; telecom leads

REUTERS: Sri Lankan stocks yesterday edged up from a near one-week closing low hit in the previous session, buoyed by industrial and telecom shares while offshore investors continued to be net buyers.

Softlogic to buy Suzuki Motors Lanka for Rs.250mn

Diversified conglomerate Softlogic Holdings yesterday said it had entered into a share sale and purchase agreement to fully acquire Suzuki Motors Lanka Limited a for a total consideration of Rs 250 million.

Rupee ends steady in thin trade

REUTERS: The Sri Lankan rupee ended steady yesterday as importer demand for dollars offset mild greenback sales by exporters and banks, while expectations that imports would increase weighed on the local currency.

“Hatharen Hathara“ –finding creativity in unexpected forms

You would most probably have heard the myth about being left-brainedor right- brained according to your capabilities and skills. However, we have extraordinary people who challenge this stereotype

JKOA strikes diamond again for Toshiba MFP’s

Sri Lanka’s trusted office automation solutions provider John Keells Office Automation (Pvt) Ltd has yet again proven itself to be a true game changer by securing the Diamond Award for the fourth 

Sand shortage sends construction costs spiralling upwards

Sri Lanka is currently facing a shortage of sand and granite essential for the construction industry, spiralling the construction costs upwards, Tokyo Cement Company (Lanka) PLC (TKYO), the country’s largest cement manufacturer and supplier, said.

SL to borrow US $ 75mn from IDA to modernize financial sector

The government is to sign a US $ 75 million loan deal with the International Development Agency (IDA) of the World Bank to modernize the country’s financial sector.

Aussie envoy urges SL to keep the reform scoreboard ticking with occasional big hit

The Sri Lankan government must continue with the recently started reform process over a long period, while notching up small wins, in order to generate meaningful gains for businesses and individuals, much like cricket, the Australian High Commissioner in Sri Lanka said.

Tourist arrivals in June up 4.5%; arrivals in first six months top 1mn

Tourist arrivals to Sri Lanka in June increased by 4.5 percent year-on-year (YoY) to reach 123,351 visitors, recording the third highest monthly growth so far this year, despite occurring during the usual quiet period for tourism in the country.

Top Indian economic advisor to deliver keynote at Sri Lanka Economic Summit

Dr. Arvind Subramanian, the Chief Economic Advisor of the Government of India will attend as the keynote speaker of the Sri Lanka Economic Summit 2017 inaugural session. 

CMI and KPMG to unravel GSP Plus potential at forum

The Sri Lankan business community is optimistic with Sri Lanka regaining GSP Plus.  There is much expectation that this would boost the exports of Sri Lanka. As GSP Plus provides an importer in the EU zero duty benefit on importation of listed goods, Sri Lankan exporters must negotiate favourable export prices for their goods with the buyers. 

Pathfinder Foundation to develop work programme with China’s Sichuan University

Following a fact-finding tour undertaken by a team of academics representing the prestigious Sichuan University (SCU) in April at the invitation of the Pathfinder Foundation (PF), a three-member PF delegation visited SCU recently with a view to exploring avenues for cooperation with that university. 

Fairway Holdings Appoints New CEO For Centrepoint Homes

Nilruk Jeevaratne has been appointed as Chief Executive Officer of Centrepoint Homes, a fully owned subsidiary of Fairway Holdings. 

Dress up in style this wedding season with Hameedia

Your wedding is one of the most important days of your life and it symbolizes the start of a beautiful journey. As a groom, all eyes will be on you and your bride, so it is truly important that you stand out 

Jaguar Land Rover Cars Closer To Driving City Streets Autonomously

Jaguar Land Rover will today demonstrate prototype autonomous technology called Autonomous Urban Drive that can enable a vehicle to operate autonomously through a city, obeying traffic lights  

Blue Mountain proudly hands over the keys to ‘Sovrano’ homeowners

The keys to ‘Sovrano’, Blue Mountain Apartments’ luxury apartment complex, were handed to owners by the company at a celebratory event attended by over 150 guests which included the new residents

Sampath Bank Continues to Receive Accolades for Digital Excellence

Sampath Bank received double honours for its excellence in use of digital technologies at the inaugural SLT Zero One Awards held recently. The Bank was honoured with the “Best Digital-Enabled 

April private sector credit dips as tightening measures take effect

Sri Lanka’s private credit slumped in the month of April to the great relief of the country’s Central Bank, as the rate hikes by the monetary authority in the past 16 months appeared to have yielded results. 

Lanka Hospitals IVF Centre sets industry records

The internationally accredited, multi award-winning Lanka Hospitals Colombo awaits the imminent announcement of its millennial IVF(In Vitro Fertilization - commonly known as test-tube) baby delivery. 

HSBC celebrates 125 years of banking in Sri Lanka

HSBC Sri Lanka celebrated a milestone 125 years of banking in the country on July 1, having commenced its operations in the country in 1892, just 27 years after its first offices were established in Hong Kong and Shanghai.

Japanese exporters request for early warning of tax changes

A group of Japanese industrialists requested Finance and Mass Media Minister Mangala Samaraweera to give them a fair warning before implementing the new tax system, in order to reduce exports risks.

Shares end near 18-mth high

REUTERS: Sri Lankan stocks posted marginal gains yesterday and ended near an 18-month high hit last week as telecom shares rose, while foreign investors continued to buy the island nation’s risky assets. Concerns over a proposed tax bill however weighed on overall investor sentiment, analysts said. 

Rupee ends down on importer dollar demand

REUTERS: The Sri Lankan rupee ended weaker yesterday as importer dollar demand outpaced greenback sales by exporters and banks, dealers said.

Amãna Bank receives shareholder endorsement for Rights Issue

The shareholders of Amãna Bank unanimously passed the resolution to increase the Bank’s stated capital by way of a Rights Issue at the Extraordinary General Meeting held yesterday 

Amãna Bank receives shareholder nod for rights issue

The shareholders of Amãna Bank unanimously passed the resolution to increase the bank’s stated capital by way of a rights Issue at the Extraordinary General Meeting held yesterday. 

Preethi Jayawardena takes over SLID’s helm

The Sri Lanka Institute of Directors (SLID) held its Annual Membership Meeting (AMM) recently with over 85 members present at this momentous evening when the leadership of the institute changed hands. 

Nestomalt presents third car to ‘Ran Ratha Wasana’ winner

Nestomalt, Sri Lanka’s leading beverage brand for over five decades, announced the third lucky winner of its ‘Ran Ratha Wasana’ raffle draw, B.W.C.K. Jayasekara from Madawella, Haguranketha.  The campaign has already attracted over 200,000 entries, from which five lucky winners win brand-new Kia Picanto cars.