Australian HC to talk at NCC trade session

High Commissioner of Australia Bryce Hutchesson will be the special guest speaker at a session on ‘Bilateral trade between Sri Lanka and Australia’ organised by the National Chamber of Commerce of Sri Lanka (NCC), on Tuesday, October 25, 2016, from 3:00 p.m. to 4:30 p.m., at the chamber auditorium, No: 450, D.R. Wijewardena Mawatha, Colombo 10.

Chinese investors, manufacturers to visit SL

In terms of trade, China is Sri Lanka’s second largest trading partner and most significant source of imports, accounting for 20 percent of Sri Lanka’s total imports in 2015. While China accounts for just 2.9 percent of Sri Lanka’s exports, it holds great promise as an emerging export market as Sri Lankan exports to China have been growing at a faster rate than with the rest of the world. This potential for trade is bringing inc

Number of Lankan SMEs carrying out int’l transactions on the up

The number of Sri Lankan small and medium enterprises (SMEs) that have conducted international 

Sri Lanka’s September manufacturing expands but services slow

The official Purchasing Managers’ Index (PMI) calculated by the Central Bank showed that 

Linda appointed to Serendib Hotels board

Entrepreneur Linda Speldewinde has been appointed to the board of Serendib Hotels PLC, the hospitality 

ComBank gets nod to list debentures worth Rs.7bn

The Colombo Stock Exchange has approved in principle to list debt instruments amounting to Rs.7 

Tourist arrivals to Maldives edge up 2% in August

Tourist arrivals to the Maldives edged up 1.9 percent year-on-year (YoY) to 112,282 in August, as the 

Chevron September net up 20% amid intense competition; EPF sheds stake

Chevron Lubricant Lanka PLC, Sri Lanka’s lubricants market leader increased its September quarter 

Janashakthi continues to support Lankan exporters at NCE Awards

Janashakthi Insurance PLC partnered with the National Chamber of Exporters (NCE) for the recently concluded NCE Awards at the Hilton Colombo. This is the 24th consecutive year the awards have been held.

Rupee steady; importer dollar demand offsets exporter sales

REUTERS: The Sri Lankan rupee traded steady yesterday for a second straight session as dollar demand from importers offset exporter sales of the U.S. currency in the absence of Central Bank intervention, dealers said.

Benetti Asia GM discusses investment opportunities

The General Manager of Benetti-Asia from Italy, Nizar Tagi, met  Minister of Development Strategies and International Trade Malik Samarawickrama recently to discuss  investment  opportunities  on  marina  infrastructure  yacht building  and  potential  areas  to  extend  assistance  in  Sri Lanka. 

Shares fall for 5th day; John Keells down

REUTERS: Sri Lankan shares closed lower for a fifth straight session yesterday, led by conglomerate John Keells Holdings, as investors stayed on the sidelines ahead of corporate results and seeking cues on the economy from the federal budget next month.

WUSC organises transformational business seminars

The World University Service Canada (WUSC) in collaboration with national level organisations has organised a series of evening seminars from October 17 to 20 in Colombo on the 19 qualities of a transformational company and on the virtuous circle business model. 

China to sign some US$24 bn in loans to Bangladesh as Xi visits

REUTERS: China is set to sign off on loans worth over US$ 24 billion to Bangladesh during President Xi Jinping’s visit yesterday, Dhaka’s biggest foreign credit line to date that will help it build power plants, a seaport and railways.

Mother Sri Lanka launches ‘How to select a university for my child?’ Future Forum

Mother Sri Lanka is a movement that has always worked on guiding the future generation of Sri Lankans to become better individuals who can contribute to the development of this country.  Today’s students who are just entering into O/L and A/L streams and their parents are finding it extremely difficult to decide on the correct higher education path due to lack of information in terms of new trends as well as an overload of information

Talks to boost Sri Lanka-Hungary trade ties

Minister of Foreign Affairs and Trade of Hungary Peter Szijjarto visited Sri Lanka to participate in the World Export Development Forum 2016 in Colombo. He met Minister of Development Strategies and International Trade Malik Samarawickrama and held discussions on bilateral trade and investment  opportunities  between Hungary and Sri Lanka.

Asia stocks up after China data, Bangkok soars

AFP - Asian and European markets climbed yesterday following news Chinese factory gate prices increased for the first time in more than four years, while the death of Thailand’s king sparked bargain-buying after suffering a sell-off in his final days.

Beijing to merge chemicals giants: Bloomberg

AFP - Beijing is planning a mega-merger of chemicals giants Sinochem and China National Chemical Corp. in a massive deal that would reshape the chemicals industry, Bloomberg News reported yesterday. 

Three pioneer hospitality institutions celebrate World Children’s’ Day

In celebration of the World Children’s’ Day, Sri Lankan Cares, the charitable arm of SriLankan Airlines, South Asia’s Grand Dame’s Galle Face Hotel and the pioneers in the transport world in Sri Lanka, Ebert Silva, joined hands for the second year to make children their main focus, under the theme ‘In remembrance of you’.

St. Joseph’s College Prefects’ Day concludes on high note

With the participation of 150 prefects from many schools islandwide, the Annual Prefects’ Day of St. Joseph’s College, Colombo 10 concluded on a successful note. Titled ‘Aberrance 2016’, this glamorous event was organised by the 2015/2016 Prefects’ Body of St. Joseph’s College.    

West Indies ‘A’ team enjoys SriLankan hospitality again

The West Indies ‘A’ team once again travelled to Sri Lanka aboard SriLankan Airlines’ flight UL 504 from London to Colombo recently, enjoying the famed caring and warm service in the Business Class cabin.

Paranthan Chemicals creates better hand hygiene in Sri Lanka

The Global Handwashing Day (GHD) is celebrated on October 15 in view of raising awareness on the importance of handwashing with soap and cultivating this as a habit which leads to disease prevention and reduction of childhood mortality related to respiratory and diarrheal diseases.

Perpetual Treasuries 14-month profit exceeds Rs.10bn: leaked CB report

Perpetual Treasuries Limited (PTL), the controversial primary dealer connected to the family of former 

Chinese Vice Minister urges WTO members to improve trade facilitation agreement

China affirmed its commitment to helping its regional peers to reach their full growth potential, but 

Hanjin Shipping puts Asia-U.S. shipping network up for sale

REUTERS: South Korea’s Hanjin Shipping Co Ltd is selling major businesses, including its Asia to 

China pledges investments exceeding US$ 10 bn to Sri Lanka over next 3 years

China has pledged over US$ 10 billion in investments to Sri Lanka over the next 3 years in addition to 

FinMin’s social media account hacked

Finance Minister Ravi Karunanayake yesterday distanced himself from two fake social media 

Shares close below key level of 6,500

REUTERS:  Sri Lankan shares closed below a key psychological level of 6,500 yesterday in thin 

Retailer’s Association and Ceylon Chamber sign MoU

The Sri Lanka Retailer’s Association (SLRA) entered into a Memorandum of Understanding (MoU) 

S-lon Lanka wins Gold at Construct Exhibition

Continuing its streak of achievements and recognition, S-lon Lanka (Pvt) Ltd announced the winning