Hirdaramani inaugurates new centre of operations for shared services teams

Hirdaramani is proud to announce the opening of The Hub, a new purpose-built centre of operations to house the core group shared services functions namely finance shared services & commercial under the H Connect brand and IT under the H One brand. 

Dollar surges, Asia markets dive on Fed rates signal

The dollar surged against its peers yesterdau and most Asian markets tumbled after the Federal Reserve indicated it will likely embark on a steeper path of interest rate hikes over the next year.

Fitch affirms Sunshine Holdings at ‘A(lka)’; outlook stable

Fitch Ratings has affirmed Sri Lanka-based diversified conglomerate Sunshine Holdings PLC’s national long-term rating at ‘A(lka)’. The outlook is stable.  

Exporters’ chamber discusses draft national trade policy

Sri Lanka is in the process of finalizing a national trade policy, which is being developed by the Development Strategies and International Trade Ministry, with the assistance of the Industries and Commerce and Finance Ministries and related state agencies, with inputs from the private sector and other stakeholders.

Altair builds Hindu shrine with facilitation of Gangaramaya Temple Chief Incumbent

Altair, the property development that is transforming the Colombo 2 neighbourhood with its iconic twin-tower high-rise, has responded to the request of a leading Buddhist prelate to build a Hindu shrine at the intersection of Union Place and Sir James Peiris Mawatha at Kompanña Veediya as a service to the community.

Richard Pieris Finance-Chilaw Finance merger to be completed in March

The Richard Peiris group’s financial arm, Richard Pieris Finance Limited (RPFL), has been granted 

Shares hit 2-wk closing low; blue chips weigh

REUTERS: Sri Lankan shares closed at their lowest in two weeks yesterday as foreign investor outflows 

Fed set to hike rates, policy outlook now hinges on Trump presidency

REUTERS: The Federal Reserve will conclude its two-day policy meeting on Wednesday afternoon 

SilkAir to operate flights to Colombo from April

SilkAir, the regional wing of Singapore Airlines (SIA), will commence flights to Colombo on April 8, 

Ceylon Chamber to hold seminar on electronic phytosanitary certification

The Ceylon Chamber of Commerce will hold two seminars to create awareness on ‘Establishing 

Rupee ends weaker; importer dollar demand weighs

REUTERS: The Sri Lankan rupee ended weaker yesterday as importer dollar demand surpassed selling 

Board of Investment signs MoU with Oxford Business Group for new report

Sri Lanka’s evolving trade and investment laws and their impact on FDI levels will be analyzed in a 

HMD launches first new Nokia phones

REUTERS: HMD Global, the Finnish company that owns the rights to use the Nokia brand on mobile 

Malaysia’s Axiata in US $600mn deal with Khazanah, Japanese firm

REUTERS: Malaysian mobile network operator Axiata said that sovereign wealth fund Khazanah 

MTI launches 2017 CEO survey with Wijeya Newspapers

For the sixth consecutive year, MTI Consulting will be carrying out the CEO Business Outlook 

SL approves 2017 budget, aims to raise revenue through taxes

REUTERS: Sri Lanka’s coalition government won the final vote on its 2017 budget which aims to 

SL’s still high credit growth flagged; CB told to stand ready for further tightening

The International Monetary Fund (IMF) last week expressed its deep concerns over private credit 

Exporters urge govt. to implement RAMIS in January

Sri Lanka’s exporters are urging the government to ensure the full implementation of Revenue 

Tea broker in hot water; licence suspension looms

A licence suspension is likely to be enforced on at least one of the eight tea brokers active in the 

CCC wins 8th Gold at CA Sri Lanka Annual Report Awards

The Ceylon Chamber of Commerce (CCC), the premier business chamber in the country, walked 

Copal Amba announces name change to Moody’s Analytics

Moody’s Corporation announced on Sunday that Copal Amba has been rebranded as the Knowledge 

FinMin says no privatization or sell-off of public assets

Finance Minister Ravi Karunanayake said the government would not privatize or sell-off any of the 

Central Bank holds 9th Int’l Research Conference

The ninth International Research Conference of the Central Bank of Sri Lanka was held recently at 

CSE shines at IPM Great HR Quiz 2016

Two teams representing the Colombo Stock Exchange (CSE) were placed as the winner and runner-

Airtel No 1 Internet service provider in Sri Lanka

TRC ranks Airtel with fastest 3G internet Speeds Huawei benchmark study ranks Airtel as No 1 internet Quality Index

Deutsche Post DHL Group and United Nations celebrate 10-year partnership

Deutsche Post DHL Group, the leading mail and Logistics Company, and the United Nations represented by the United Nations Office f

Thai windfall for Colombo bourse

Thailand stock exchange listed digital finance company, Group Lease Public Company Limited’s 

Sri Lanka to ink JV with Chinese firm to develop southern port

REUTERS: Sri Lanka will take part in a joint venture with China Merchants Port Holdings Company 

Analysts say int’l finance costs down at least 200bps with renewed confidence

Sri Lanka’s cost of international financing has gone down by at least 200 basis points (bps) so far 

SL industrial production expands 3% in 3Q

Sri Lanka’s Index of Industrial Production (IIP), which measures the performance of the country’s