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 

Arpico shoppers can win 200 overseas holidays this Christmas

The excitement of shopping will extend well beyond the festive season this year for customers of the 

Fiscal front improves as deficit drops to 4.1% in 9 months

Despite the delayed increase in the value-added tax (VAT), the government has been able to show an 

Ewis wins best display stall at Infotel 2016

Showcasing innovation, technology, products and possibilities, Ewis won top honours with best display stall at the recently concluded Infotel 2016 held at the BMICH.

SL signs MoU with Singapore’s Surbana to develop Beira lakefront

??By Chandeepa Wettasinghe S u r b a n a J u r o n g Private Limited (SJ), an infrastructure and urban 

SAARC-ADB meeting on cargo, passenger ferry service to kick off today

At the 16th SAARC Summit held in Thimphu, Bhutan, from April 28 to 29, 2010, the SAARC leaders called for collaborative efforts to achieve greater intra-regional connectivity and endorsed the recommendation to declare 2010-2020 as the “Decade of Intra-regional Connectivity  in SAARC”. 

SL to connect household solar panels to national grid

The Public Utilities Commission of Sri Lanka (PUCSL) has decided to remove the legal barriers for 

Leomine Organics enters Sri Lanka in partnership with AsterSmart

Leomine Organics- one of the largest companies in India engaged in the production of textile dyes, pigment preparation, textile auxiliaries and water treatment chemicals has entered the Sri Lankan market by appointing Aster Smart International (Pvt) Ltd as the sole authorized distributor.  

Consumer prices decelerate to 3.4% in Nov.

Sri Lanka’s consumer prices rose 3.4 percent in November from a year earlier, slowing down from the 

Santa joins delivery service as Arpico gears to celebrate Christmas

No elves will be involved, but as the countdown to Christmas begins, retail giant Arpico has enlisted the ultimate icon of good cheer - Santa Claus to make its home delivery service extra special for online shoppers.

Nestle Lanka donates 5,000 hybrid plantlets to 1,000 coconut farmers

Directly engaging with the coconut farmers for the first time, Nestle Lanka donated 5,000 hybrid plantlets to 1,000 coconut farming families and initiated the development of a model coconut farm in Nikaweratiya recently. They will be initiating a similar project in Kebithigollewa as well donating 10,000 plantlets altogether across  150 acres.

Hong Kong-based Sritrims celebrates 20th anniversary in Lankan office

Sritrims (Far East) Ltd which is a fully owned Hong Kong-based company in Sri Lanka celebrated their 20th anniversary last week in their Sri Lankan liaison office. 

ComBank, Dunamis Capital, Aitken Spence win big at CSE Masterminds 2016

Commercial Bank of Ceylon PLC won the inaugural capital market quiz organised by the Colombo Stock Exchange (CSE) recently. Dunamis Capital PLC and Aitken Spence PLC emerged as the first and second runners-up of the competition, which was held at the CSE trading floor. 

Ceylon Chamber’s Sri Lanka -US Business Council launched

The Sri Lanka-US Business Council of the Ceylon Chamber of Commerce was inaugurated this week amidst an all-time high in the relationship between the two countries.

Sri Lanka’s Eswaran Brothers Exports ranked alongside IKEA and Toshiba

Winning the Gold Award for Environmental Best Practices at London’s Green Apple Environment Award ceremony, 

FinMin says majority of hotels not paying taxes

According to Sri Lanka’s Finance Minister Ravi Karunanayake, less than 30 hotels operating in the 

Belgian and Chinese hotel operators see investment potential in Sri Lanka

Two hotel chains based in Belgium and China are interested in having hotel properties in Sri Lanka 

August trade deficit widens 8% despite higher export gains

Sri Lanka’s trade deficit widened to US$ 782.8 million this August, an 8 percent fall Year-on-Year 

SL to finalize US $ 200mn swap with China Development Bank

Sri Lanka has reached the closing stages of negotiations for a US $ 200 million currency swap 

Hambantota port sale proceeds from January

The sales proceeds from the sale of the Hambantota port to an undisclosed Chinese party is 

SL mulls issuing sovereign bonds in 2017 and 2018

In a bid to stretch the international bond maturities that are due from 2019 continuously up to 2021,