Sampath Bank introduces Visa payWave credit cards

Reaffirming its leadership position in introducing many firsts to Sri Lanka, Sampath Bank introduced an innovative feature for contactless payments with the unveiling of Visa payWave credit cards, the 

Bharti Airtel tops Transparency International’s emerging market listing

Bharti Airtel, a leading global telecommunication services provider with operations in 19 countries across Asia and Africa, has been ranked first in a listing of 100 emerging market multinational 

Australian envoy to address Lankan biz community at Ceylon Chamber

Australian High Commissioner in Sri Lanka Bryce Hutchesson will address the Sri Lankan business community on July 14, 2016, at the Ceylon Chamber of Commerce.

Singapore Foreign Affairs Ambassador-at-Large to address CFA Awards

The annual flagship event of the CFA Society Sri Lanka, the CFA Sri Lanka Capital Market Awards, which each year features eminent personalities whose knowledge and expertise on the global markets 

Weblook International awarded ISO certification

Weblook International (Pvt) Ltd, a pioneer interactive and innovative ICT solutions provider from Colombo has been awarded the prestigious ISO 9001 certification for excelling in its operations.   

Singer revitalizes Home Science education nationally

Singer Sri Lanka PLC, the country’s most trusted consumer durables retailer, has successfully commenced the second phase of “Singer Soopa Shasthra” programme jointly with the Ministry of 

VAT, NBT suspension only till parliament approval: Ravi K

??By Lahiru Pothmulla While respecting yesterday’s Supreme Court order given preventing the implementation 

Sri Lanka’s two-tranche bond orders top US $ 4.5bn; yields lower: source

REUTERS: Sri Lanka’s first dual-tranche sovereign bond orders exceeded US $ 4.5 billion while the final guidance for both tranches fell at least 25 basis points from the initial guidance, a source close 

India’s biggest gas importer plans setting up terminals in Sri Lanka, B’desh

REUTERS: India’s biggest gas importer Petronet LNG aims to spend up to US $ 3 billion in the next five years to expand overseas, setting up terminals in Bangladesh and Sri Lanka among other 

Rupee trades weaker ahead of sovereign bond sale

REUTERS:REUTERS: The Sri Lankan rupee ended weaker yesterday as importers and banks bought dollars,  The Sri Lankan rupee ended weaker yesterday as importers and banks bought dollars, 

Brexit could raise fresh concerns over SL’s balance of payment: Moody’s

Close on the heels of Sri Lanka securing an International Monetary Fund (IMF) lifeline to avert a looming balance of payment (BoP) crisis, one of the top three global rating agencies yesterday 

Tourism authorities to regulate beach boys

??By Chandeepa Wettasinghe Sri Lanka Tourism authorities will be moving towards the regulation of 

Mackwoods battle hots up amid confusing statements from two opposing camps

By Shabiya Ali Ahlam An ugly battle is currently being waged between two estranged factions of the Nonis family 

Harsha to address Brexit briefing forum

Foreign Affairs Deputy Minister Dr. Harsha De Silva will be the keynote speaker at a Brexit briefing forum on Friday, July 15, 2016. The luncheon forum will be joined by the High Commissioner to Britain with other industry personalities to discuss the probable consequences when Britain leaves the EU. The event is organised by Shippers’ Academy Colombo with strategic support by the Council for Business with Britain. 

DG Commerce elaborates on FTAs at COYLE meeting

“It is important to remember that free trade agreements (FTAs) have become vital especially, for small countries like Sri Lanka, which have opened up their economies, which may not be that successful in facing up to the high competition in the global market,” stated Commerce Department Director General Sonali Wijeratne at the Chamber of Young Lankan Entrepreneurs (COYLE)  General Meeting.

IWMI-WB convene South Asian climate adaptation, water resources management experts

Following the Paris COP 21 meeting, where water management was prominent in discussions on responding to climate change, a two-day meeting of experts from seven South Asian countries – Afghanistan, Bangladesh, Bhutan, India, Nepal, Pakistan and Sri Lanka – and the international 

BOI signs US $ 982mn worth investments in June

In the month of June 2016, the Board of Investment (BOI) of Sri Lanka has signed 46 new investment agreements of a total value of US $ 982 million estimated investment, the state-run agency said.   These projects cover a wide range of sectors such as manufacturing, construction, mixed development, hotel, mini hydropower, trading house, solar power, apparel, research and development and education. 

Lankan insurance industry to see more M&As - Fitch

Sri Lanka’s overcrowded insurance sector will see market-driven consolidation by way of mergers and acquisitions (M&As) during the next few years as insurers will work towards getting rid of their less 

Bourse loses Rs.113bn over capital gains tax fears in June - brokerage

The Colombo Stock Exchange (CSE) lost Rs.113 billion, or 4 percent month-onmonth in June as fears of a capital gains tax and its consequences on equity investments severely impacted investor 

Chinese FM visits Kelaniya temple

Chinese Foreign Minister Wang Yi (C) looks on during a visit to the Kelaniya Rajamaha Viharaya in Kelaniya on July 9.

In a first, Kerala imposes 14.5% ‘fat tax’ on junk food

Business Standard: In a first-of-its-kind move in the country, Kerala has introduced a ‘fat tax’ on the consumption 

G20 nations pledge to boost trade despite growing protectionism

AFP: The world’s top 20 economies will work to boost sluggish global trade despite growing protectionism,

Contradictory arrival forecasts cause confusion in tourism industry

Confusion among tourism authorities continues with the portfolio minister casually claiming that Sri Lanka would reach 2

DSI opens another showroom in Nugegoda

The 28th of June saw D. Samson & Sons (Pvt) Ltd celebrating the opening of a brand new showroom at S.D.S Jayasinghe Road, Nugegoda. 

Hire1 moves forward with top honours at Venture Engine 2016

Revolutionising Sri Lanka’s courier and logistics space with a novel approach of on-demand delivery 

Standard Chartered offers mortgage loans at 12.75%

Standard Chartered introduces its mortgage loans available to those seeking an asset in residential property. The bank has a suite of facilities catering to the requirements of different investment 

Labour Minister addresses COYLE on Budgetary Relief Allowance Act

Addressing the Chamber of Young Lankan Entrepreneurs (COYLE) at a business conclave in 

Ceylon Chamber’s ‘Cyber security’ seminar today

The Ceylon Chamber of Commerce will hold a seminar today on ‘Cyber Security’, in a bid to create 

Abans launch Sonata range from Titan

Abans, sole agent in Sri Lanka for Titan, the world’s fifth largest watchmaker and a part of the TATA Group, celebrated its strong presence in Sri Lanka with a Dealer Appreciation Meet on 1st July at Taj 

President calls to promote Sri Lanka as Ayurvedic hub

President Maithripala Sirisena recently stressed the importance of adapting to local healing systems