Sony introduces additions to Extra Bass audio lineup in Sri Lanka

With the belief of ‘music deserves respect’, Sony introduced three additions to its Extra Bass audio lineup, in Colombo recently.

LOLC wins National Business Excellence Award 2016

The LOLC group reached the pinnacle of excellence when it was crowned as the overall Gold award winner at National Business Excellence Award (NBEA) 2016 at a glittering awards ceremony held recently in Colombo. 

VW bosses forced to pay back private jet costs

AFP: Bosses at troubled German auto giant Volkswagen have been forced to pay the company back 

Sri Lanka exports rise, deficit narrows in September as vehicle imports fall

Sri Lanka’s export earnings rose for the second consecutive month in September 2016 to US $ 898 

October tourist earnings and remittances up

The data also showed that earnings from tourism arrivals recording US $ 249.3 million in October 

Private sector urged to lead economic growth with higher exports

Sri Lanka’s private sector has to lead the country’s growth with exports, the country’s Central Bank 

Rajendra Theagarajah joins Cargills Bank as Joint Deputy Chairman

Cargills Bank Limited, the banking arm of the Cargills group, last Friday announced the appointment 

Importers praise Ravi K for maintaining lower taxes in budget 2017 on tile and sanitaryware products

The Tiles & Sanitaryware Importers Association (TSIA), recently commended Finance Minister Ravi 

NSBM Green University finalizes strategic plan with MTI

The National School of Business Management (NSBM) Green University Town has approved the six-

Prof. Munasinghe honoured for contributions to energy policy

2007 Nobel Peace Prize co-laureate Prof. Mohan Munasinghe was presented with the prestigious 

Cargills MD appointed to CT Holdings board

CT Holdings PLC (CTH) last Friday announced the appointment of M. Imtiaz A. Wahid as Non-

Govt. to introduce AI-run national toll system next year

The Sri Lankan government will be introducing a nationwide toll system run by artificial intelligence by the 3rd quarter of 2017, a leading official of the state’s Information Communication Technology Agency (ICTA) said.

Korea Eximbank to develop master plan to strengthen Kandy traffic network

As the second largest city in Sri Lanka, Kandy is geographically located as a nodal point of major road networks in Sri Lanka.  However, at present, the city is afflicted with increasing traffic congestion caused by unsystematic road networks in the city. Hence there is a great need for a comprehensive study to develop a tailored and systematic traffic network that takes into consideration the urban expansion of the city. 

Sri Lanka hosts Lions Club’s 44th ISAAME Forum

Attracting over 2000 foreign delegates from over 60 countries, the 44th ISAAME (India, South Asia, Africa and Middle East) Forum, hosted by The Lions of multiple district 306 Sri Lanka, started in Colombo recently. 

China must ‘walk the talk’ on trade: former WTO chief

AFP -  Beijing’s pledges to pursue trade liberalisation in the face of a potentially more protectionist US under Donald Trump meant it was time for China to “walk the talk” on the issue, former WTO director-general Pascal Lamy said yesterday.

Asian markets slip as investors take step back

AFP - Asian stocks turned negative yesterday and oil prices retreated along with the dollar as investors took a step back from a recent rally, while caution set in ahead of a crunch referendum in Italy at the weekend. World markets have been rising since Donald Trump’s shock US election win on hopes his big-spending, tax-cutting policies will boost the world’s largest economy. 

Rupee gains on exporter dlr sales, subdued importer demand

REUTERS – The Sri Lankan rupee was trading marginally higher yesterday as exporters sold dollars while the demand for the greenback from importers was subdued with the year-end festival season setting in, dealers said. Rupee forwards were active while spot-next forwards were at 148.85/95 per dollar at 0603 GMT, compared with Thursday’s close of 149.00/02.

Iflix premiers Channel Zero horror anthology series first instalment in Sri Lanka

iflix, Southeast Asia’s leading Internet TV service, is thrilled to premiere the first instalment of Syfy’s acclaimed horror anthology series Channel Zero in Sri Lanka. Beginning November 20, all six-episodes of the entire first season, Candle Cove, will be available exclusively to iflix members to download and binge watch.

Diva ‘Idame Vasanawa’ helps dreams come true

There can be a few greater joys than owning your own home. For three lucky Diva consumers, the first steps towards this ultimate dream were recently made a reality during the sixth edition of Diva’s ‘Idame Vasanawa’ competition.

Mobitel Cash Bonanza Montero Extravaganza awards 10th lucky winner

Cash Bonanza Montero Extravaganza 2016 introduced by the national mobile service provider, SLT Mobitel, has become one of the most popular competitions in the country. It rewards customers on a monthly and daily basis an amazing Rs.3,500 lakhs including 12 luxury Mitsubishi Montero jeeps to 12 lucky winners. The 10th lucky winner to walk away with the Montero for October 2016 is Prabath Krishantha Rathnayake from Polgolla. 

NTB sponsors 61st Int’l Photography Exhibition

Nations Trust Bank (NTB) recently extended sponsorship to the Photographic Society of Sri Lanka (PSSL) for the 61st International Photography Exhibition organised by the society. The event successfully concluded at Temple Trees in Colombo.

World cities seek $375 bn to fight climate change

AFP - The world’s big cities will need $375 billion of investment to curb climate change, a major gathering of mayors heard Thursday.

Lanka IOC raises premium product retail prices after diesel tax increase

REUTERS: Sri Lankan fuel retailer Lanka IOC put up prices for its premium brands yesterday, three 

Shares end 1% higher; foreign buying seen

REUTERS: Sri Lankan shares jumped more than 1 percent yesterday as investors sought bargains in 

Carlson Rezidor firms up two Radisson hotels in Sri Lanka, plans more

EconomyNext: US-based Carlson Rezidor Hotel Group has firmed up deals to manage two hotels in 

Moody’s maintains stable outlook on Lankan banking sector

Downward pressure on asset quality and liquidity conditions due to continued loan growth

Rupee eases on importer dollar demand

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

Ravi says use of non-strategic SoE sale proceeds for debt servicing is myth

Claims that the US$ 1 billion revenue expected to be realized from the sale of non-strategic State-

Hayleys Agriculture unveils DJI Agras agriculture drones in Sri Lanka

The research and development arm of Hayleys Agriculture Holdings in collaboration with DJI training 

SLT launches new calendar themed ‘Traditional rice’

Since 800 B.C Sri Lanka has been home to the cultivation of rice, evidence of this lies in the