Zahira College ‘Crescent Lights ’16’ sponsors make presentations

The ‘Crescent Lights 2016’ exhibition and fun fair organised by the Old Boys’ Association of Zahira College with the college authorities will be held from September 2 to 4, 2016 commencing at 2:30 p.m. each day at the college grounds. This will be the first of a series of events for the anniversary year 2016/17.

Abans launches flagship Skechers store

Abans PLC, one of the top trusted and renowned brands in Sri Lanka, has been announced as the sole distributor for a global leader in performance and lifestyle  footwear -- Skechers.

Careems presents ‘Sail’ collection

Careems, Sri Lanka’s premier jewellery makers, unveiled a new collection of ‘sailing’ inspired jewellery at the 26th edition of Facets Sri Lanka international gem and jewellery show. Since its inception in 1890, the heritage luxury jewellery brand has been synonymous with quality gemstones, superior craftsmanship and exquisite design. Careems’ Sail collection was displayed at the Facets Premier Jewellery Pavilion, which sh

John Keells Scholarship Programme holds English Day 2016

“The John Keells Scholarship Programme has opened a golden opportunity for students from rural and low economic backgrounds. I have gained better skills in writing and speaking English than before, after my completion of this course. I believe that this programme has improved my English knowledge more than enough to get through my O/L and A/L examinations easily so I’m looking forward to that,” said Thakshila Dilhara, a student

Abans engages MTI for competitive edge in HRM

The Abans group, operating across multiple sectors in Sri Lanka, has concluded another advisory assignment with MTI Consulting, this time focusing on human resource and talent optimization.   The Abans group is also one of the investment pledgers and sponsors of MTI’s ‘idea2fund’, which is also proving to be a source of entrepreneurial talent for the highly diversified and fast-growing group.

HSBC sees scope for G20 trade boost at Hangzhou Summit

Leaders of the G20 grouping of the world’s largest economies have a clear opportunity to give fresh impetus to global trade and economic growth when they meet for their annual summit, which takes place this year in Hangzhou, China. 

Funding war for influence begins!

The United States (US) government has called tit-for-tat on the Chinese government’s promise to commit US$ 5 billion in foreign direct investments (FDIs) to Sri Lanka over the next 5 years, by 

China values SL’s economic independence: envoy

Sri Lanka should start diverting more of its exports to China, which values the economic 

Sri Lanka’s June exports, imports down; trade deficit expands

Sri Lanka’s export earnings in June fell 5.0 percent from a year ago to US $ 897 million bringing the total decline in exports during the first six months of this year to 5.8 percent to US $ 5.1 billion, the C

Govt. trying to create sustainable growth framework to stabilize economy: Malik

A top Cabinet minister yesterday admitted that much more should be done by the unity government to satisfy the expectations of the people, who are becoming impatient in the face of unfulfilled 

Top economist says FTAs undemocratic

Going into the heart of contract law and judicial processes, an economist recently pointed out that the free trade agreements (FTAs) already implemented and currently under negotiation are undemocratic 

SLKECC President emphasizes importance of attracting FDIs to Sri Lanka

The 22nd Annual General Meeting and the Interactive Session on “Opportunities for Partnerships with Korea through the Megapolis Project”, organized by the Sri Lanka – Korea Economic Co-operation 

All-time record price for Abbotsleigh tea

Abbotsleigh  estate selling under garden mark “Florence”, situated in the Hatton region  has achieved  an 

IFC says ready to finance Sri Lankan private sector

IFC Country Manager for Sri Lanka and Maldives Ameena Arif says, her organization is ready to finance Sri Lanka’s private sector projects by providing mid to long term loans via a multiple of 

HNB strikes US $ 50mn private placement deal with ADB

Hatton National Bank PLC (HNB), the country’s second largest private bank in terms of assets, has 

Fairway appoints Imal Fonseka as Group CEO

Fairway Holdings, established by well-known entrepreneur Hemaka de Alwis, is preparing to go to the next level of corporate dynamism by strengthening its management team. 

Sri Lankan gems and jewelry sparkles at FACETS 2016

As Sri Lanka is gearing up to become the ‘sapphire capital’ of the world, the local gem and jewelry sector sparkled under fresh spotlight yesterday with the kickoff of the 26th edition of Facets Sri 

SL-South Korea bilateral talks

Kyuang- hwan Kim Minister of Lands Transport and Infrastructure South Korea and Minister of Tourism 

CB continues to push for fund redistribution to rural regions

Sri Lanka’s new Central Bank Governor may continue to push the country’s financial sector, mainly banks, to redistribute funding to rural regions, an initiative started by his predecessor.

Central Bank likely to keep rupee weak to support export competitiveness

In a bid to keep the rupee from appreciating, Sri Lanka in recent months has bought dollars from the market reversing its course from selling the greenback as the Central Bank wants a competitive exchange rate to support exports in the import-dependent economy.

Major milestone in US-SL trade to be reached today

A major milestone in the historic US-Sri Lanka bilateral trade will be reached today when the Work Plan under US-Sri Lanka Trade and Investment Framework (TIFA) goes into immediate effect after inked by both sides.

Doing Business Forum today at Miloda auditorium

The ninth Ease of Doing Business Forum organised by the Finance Ministry will be held at 2:00 p.m. today at the 4th Floor auditorium of Miloda, Academy of Financial Studies, (Old Times Building), Sir Razik Fareed Mawatha, Colombo 1. 

Colombo inflation eases to 4.3% as food prices fall

Consumer prices in Colombo have slowed to 4.3 percent during the 12 months to August from 5.5 percent in July, recording the second consecutive monthly decline in headline inflation, as the food prices marked a significant drop in the month, the data from the Census and Statistics Department showed.

Independent director exodus from Richard Pieris group companies

An exodus of independent directors from two Richard Pieris group companies has taken place at an alarming rate this year, raising questions over their overall  corporate governance.

Batticaloa trade expo to kick start in October

The 3rd Edition of Batticaloa International Trade Exhibition (BITE) 2016 is scheduled to be held on the 30th September, and 1st & 2nd of October 2016 at the Shivananda Vidyalaya Grounds in Batticaloa.

Special exhibition to showcase best of Sri Lankan products at WEDF

Close to 40 of the most elite brands in Sri Lanka will be displaying the best of local products at a special exhibition that will coincide with the World Export Development Forum (WEDF) 2016.  With the global summit scheduled to be held in Sri Lanka on the 12th and 13th of October this year, Sri Lankan enterprises such as Brandix  Apparel Ltd, MAS Holdings, Akbar Brothers, Ceylon Tea Services, Camso Loadstar, Virtusa, 99X  Technolo

World Bank hails SL for speedy achievements in development goals

The World Bank states that Sri Lanka has been rapidly achieving its development goals, which were set at the time the loans were granted. 

Norwegian Embassy and Pathfinder Foundation sign agreement

The Royal Norwegian Embassy in Colombo and the Pathfinder Foundation (PF) signed an agreement for providing a grant to the ‘Centre for Indo-Lanka Initiatives’ (CILI) functioning under Pathfinder Foundation.  

CLC Education Loans joins hands with EDEX Mid–Year Expo

This year’s EDEX Mid-Year Expo is to be held on the 3rd & 4th of September at Sri Lankan Exhibition and Convention Centre (SLECC). 

Fior Drissage Jewellers poised to enter major international markets

Fior - Drissage Jewellers Ltd (FDJL) is one of the leading fine Jewellery manufacturers, marketers and exporters of diamonds & Gem studded Gold jewellery is the exclusive marketer of “Clear Set” Diamond Jewellery, popularly known as Floating Diamond Jewellery in Sri Lanka.