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 

Go Outdoors launches fully-automated E-Commerce website

Keeping in line with its aggressive expansion plans, Go Outdoors, a fully-owned subsidiary of Fairway 

Blue Ocean Group partners Otis for upcoming developments

Blue Ocean Group of Companies has selected Otis to be the exclusive elevator solutions provider for its upcoming and future real estate projects. 

Falling pound a boon for British tourism

AFP - On a sunny afternoon near Big Ben, two weeks since Britain’s historic decision to leave the European Union, little has changed for visitors to the capital London except that their visits are now 

Asian markets sink again, US jobs data in focus

AFP - Asian markets fell yesterday morning, at the end to a volatile week dominated by the fallout from Britain’s European Union exit, with investors now turning their attention to the release of US jobs data.

Rupee gains as foreign investors buy bonds; stocks up

REUTERS- The Sri Lankan rupee strengthened in one-week forwards yesterday, as foreign banks sold dollars on behalf of offshore investors to buy local bonds, dealers said.

BOI-EDB partnership and co-operation to yield considerable economic benefits

A meeting was held recently between the Board of Investment of Sri Lanka and the Export Development Board, to explore areas of co-operation between the two key economic agencies and 

People’s Bank conducts Poson Bathi Gee

The staff members of People’s Bank hosted Bathi Gee for the 11th time on Poson Poya. The event was held adjacent to the Ruwanveli Maha Seya in Anuradhapura. 

Britain leaving EU will not impact our economy much: Chamber Chief

Expressing his views on Britain leaving the European Union (EU), the President of Colombo Chamber of Commerce, Dr. Amila Kankanamge said such incidents happen in the world from time-to-time and 

Ananda College Colombo Sri Lanka’s Green Energy Champion 2016

Ananda College Colombo was announced as the winner for the inaugural Green Energy Champion islandwide competition held recently.

Oil prices rise on bargain-buying

AFP - Oil prices rebounded yesterday after tanking nearly five percent the day before as bargain 

Excel World unveils a world of new experiences

Excel World has added an exciting assortment of fresh new features aiming to offer its customers maximum entertainment pleasure, right in the heart of Colombo. Excel World launched this ambitious 

NDB hosts Best Speaker Contest 2016

The splendorous grand finale of the NDB Best Speaker Contest organised by the National Development Bank PLC (NDB) was recently held at the DHPL Auditorium of the NDB-EDB Towers.

RDA announces Highway Tree Planting Week

The Road Development Authority (RDA) in its efforts to reinforce sustainable development has identified an opportunity to plant trees on the wayside of the Southern Expressway. At the invitation 

Melbourne showcases food produce in Sri Lanka

The Australian High Commission, Colombo recently hosted a food and wine event to showcase Australia’s finest produce. Held at the Australian Residence, the reception had 150 guests dine on an 

Land Rover ‘Dynamic Drive’ revs up Swim Week Colombo

Land Rover celebrated a collaboration of design and creativity at the recently concluded OLU Swim 

Cabinet meets next Tuesday to decide essential prices

The Cabinet of Ministers will meet next Tuesday (July 12) to decide on the prices of essential goods, 

OPPO celebrates FC Barcelona partnership 1st anniversary

Celebrating the one-year anniversary of its ongoing partnership with FC Barcelona, OPPO has announced the new F1 Plus FC Barcelona Limited Edition.

Vim ‘Diviyata Disne’ spreads enthusiasm for entrepreneurship in Kurunegala

Vim ‘Diviyata Disne’ continues to gather momentum as it helps women on their quest to gain greater