Rupee stronger on foreign bank dollar sales

REUTERS - The Sri Lankan rupee traded stronger yesterday as a foreign bank sold dollars while importers buying greenback slowed down as they awaited further appreciation, dealers said.

Asia markets, dollar turn lower ahead of Yellen speech

AFP - Asian markets mostly drifted lower yesterday while the dollar dipped, as investors waited on a speech later in the global day by Federal Reserve chief Janet Yellen.

British economy accelerates in second quarter: data

AFP - Britain’s economic growth picked up speed in the second quarter, official data confirmed 

Spa Ceylon in regional expansion drive, opens branch in Hyderabad

‘Spa Ceylon,’ the world’s leading luxury Ayurveda brand, continues to expand its global foot print and has just opened a grand 4000 square feet store & spa in the prestigious Jubilee Hill area in 

Iran wants pre-sanctions oil market share: minister

AFP - Iran wants its pre-sanctions share of the crude market, Oil Minister Bijan Zanganeh said 

SriLankan flight schedule changes due to BIA runway work

SriLankan Airlines wishes to advise its valued customers of changes to its schedule over a three-month period commencing from 06th January 2017 to 06th April 2017,due to the closure of Colombo’s 

E FM partners JCI BIZMEET 2016

Sri Lanka’s Lifestyle station E FM has sponsored the first of 10 informative networking events under 

NTB announces free supermarket shopping spree winners

Nations Trust Bank (NTB) continues to provide opportunities to its cardholders with attractive benefits that are pertinent. The latest promotion, allows all NTB American Express (Amex) and MasterCard 

Abans Finance 1Q profits grow by 31%

Abans Finance, a member of the Abans group, has registered a pre-tax profit of Rs.51.5 million for 

Ceylon Steel enters into standardized ‘flat iron’ production

Making steel industry history in Sri Lanka, Ceylon Steel Corporation enters into the production of standardized ‘flat iron’. 

Sri Lanka’s Everest conquerors inspire CEAT team

The skill, endurance and determination that took two Sri Lankan climbers to the summit of the world yielded important lessons for employees of CEAT Kelani Holdings, the country’s leading tyre 

People’s Bank Pensioner’s Association elects new office bearers

The 28th Annual General Meeting of People’s Bank Pensioners’ Association was recently held at the 

Bigger and better discounts with ‘Sampath August Offers’

SampathCards, the renowned credit card brand for offering value-added discounts, is introducing the sequel of its monthly composite offers – ‘Sampath August Offers’.

Industry players uneasy over govt.’s move to liberalize lubricant market

The government’s decision this week to go ahead with the 2016 budget proposal in liberalizing the 

Reforms aim to simplify tax, increase base, compliance: FinMin

REUTERS: Sri Lanka’s new government is drafting reforms aimed at simplifying taxes, widening the tax base and increasing compliance, Finance Minister Ravi Karunanayake said.

Persistent inquiries into possible SL-B’desh FTA, trade discussion reveals

The Bangladesh High Commission in Colombo is inquiring into the possibility of having a free trade 

Private hospital group chief says SL facing dearth of medical professionals

Sri Lanka is currently facing a shortage of trained medical personnel, one of the country’s leading 

Strong financial services segment boosts LOLC June quarter

The diversified conglomerate, Lanka Orix Leasing Company PLC (LOLC) increased its net profit in 

EFL receives ISO 14064 certification

Leading Sri Lankan freight forwarding company, EFL (Expolanka Freight) made history after it became the first South Asian company in its industry to be awarded ISO 14064-1:2006 certification. 

Sanken Overseas selects IFS Applications9

IFS, the global enterprise applications company, announced that Sanken Overseas (Pvt.) Ltd, a 

DPL receives Presidential Award for ‘Highest Value Added Exports’

Dipped Products PLC (DPL), Sri Lanka’s leading non-medical glove exporter, was recognised as the 

Abans Service Centre provides job updates live on your mobile phone

Abans, always the first to offer the highest quality of service to their customers, have just launched another unique facility to provide enhanced convenience to their customers. 

HNB to sell Rs.6bn debt to support Tier II capital

Fitch Ratings has assigned Hatton National Bank PLC’s (HNB; AA-(lka)/Stable) proposed 

LiMAX home appliances completes 2nd year of operation in August

LiMAX is the brand name of NSW Ventures (Pvt) Ltd., incorporated as a private limited Company in Sri Lanka in August 2014. This company was founded by three persons who decided to venture out 

BASF opens first plant in Sri Lanka to meet local demand for construction chemicals

BASF’s first production plant in Sri Lanka will produce standard and custom-made performance-based construction chemicals under the Master Builders Solutions brand. 

G. P. De Silva & Sons Int’l awarded ‘Best Value Added Exporter’ for 2015

G. P. De Silva and Sons International (Pvt) Ltd, the leading player in producing and exporting 

CTC appoints Rukshan Gunatilaka as Supply Chain Director

Ceylon Tobacco Company PLC (CTC) recently announced the appointment of Dr. Rukshan Gunatilake as the Supply Chain Director. 

Corporate earnings slow to 7% in June quarter as consumption slows

Sri Lanka’s listed companies’ earnings in the June quarter grew by 6.6 percent to Rs.50 billion from a 

Sanasa Bank disassociates with scam claims

Sanasa Development Bank PLC, in a hastily organised press conference yesterday asserted that a 

Sri Lanka July tea exports, earnings down

Sri Lanka’s tea exports for the month of July 2016 totalled 25.7 million kilograms (M/kgs) showing a