ComBank celebrates Poson with ‘Pahan Gee’ recital

Commercial Bank of Ceylon celebrated Poson with a traditional Poson ‘Pahan Gee’ recital by a choir comprising of staff. 

Sri Lanka keeps policy rates steady

Sri Lanka’s Monetary Board yesterday decided to keep the policy rates unchanged —standing deposit facility

CB Governor expects no service extension until probe over

The Central Bank Governor Arjuna Mahendran has communicated to the Monetary Board that he would not

Janashakthi General emerges SLII Inter Insurance Company Quiz winner

Janashakthi General Insurance Limited (Janashakthi) emerged winners at Inter Insurance Company Quiz 2016 organised by the Sri Lanka Insurance Institute (SLII) recently. 

Astoria relief for students affected by floods

A community relief programme, to distribute school gear along with books for the children below the age of 10

SL’s thriving marine space to come under fresh spotlight in October

Sri Lanka’s thriving marine industry will come under fresh spotlight this year with the fifth edition of the Boat Show and Fisheries exhibition set to kick off in October.

Shares hit over 2-mth low ahead of rates decision; Brexit weighs

REUTERS: Sri Lankan shares fell for a fifth straight session to a more than two-month closing low yesterday

Rupee 1-wk forwards fall on importer dollar demand; Brexit weighs

REUTERS- Sri Lankan rupee one-week forwards fell yesterday as it faced pressure from a strengthening dollar after Britons voted to leave the European Union

State-owned Coop-City ranks third most preferred household purchase stop

State-owned ‘Coop-City becomes the third most preferred stop for household purchases amongst locals, beating 

Siddhalepa marks Poson islandwide

The Siddhalepa group was engaged in many activities to mark Poson around the country.   Placing dustbins,

Sunquick joins hands with National Bartenders Competition 2016

The hospitality industry of Sri Lanka is getting ready to experience and enjoy the creativeness and innovations

Moody’s warns of post-IMF economic fallback

Hot on the heels of Moody’s revising the outlook of Sri Lanka’s sovereign rating to ‘negative’ from ‘stable’

Dayanath resigns in less than 24-hrs after being announced Blue Diamonds Chairman

In an interesting turn of events, in less than 24 hours after being announced as the new Chairman of the beleaguered 

Rupee 1-week forwards edge up on exporter dollar sales

REUTERS:  Sri Lankan rupee one-week forwards ended firmer yesterday due to dollar selling by exporters

Central Bank expected to keep policy rates steady

REUTERS: Sri Lanka’s Central Bank is expected to keep its key interest rates steady for a fourth straight month today

Shares hit 2-mth closing low ahead of CB rates decision

REUTERS: Sri Lankan shares fell for a fourth straight session to hit a two-month closing low yesterday

Further revision to VAT amid lobbying

The government will consider goods supplied by small businesses deemed to have paid the value added tax 

SMEs to cash in 2016 FACETS gem show

The 26th edition of FACETS Sri Lanka, the prestigious annual international gem and jewellery show, is putting the spotlight on small and medium gem and jewellery enterprises this year with the novel introduction of a gem and jewellery mart when the exhibition opens from September 1 to 4, at the BMICH. 

Meet Korean Ambassador at NCC

Korean Ambassador Won-sam Chang will be the special guest speaker at a session on ‘Bilateral Trade Between Sri Lanka and Korea’ organised by the National Chamber of Commerce of Sri Lanka (NCC), on Thursday, June 30, 2016, from 3:00 p.m. to 4:30 p.m., at the chamber auditorium, No: 450, D.R. Wijewardena Mawatha, Colombo 10.

Private sector can play key role in SDG agenda, asserts Lankan economist at Oxford seminar

The private sector in the global south can play a key role in achieving the new global development goals, argued a Sri Lankan economist at an international seminar recently. 

TEDxColombo 2016 themed ‘Blueprint of Change’

In a world sworn by the mannerisms of a status quo, the only way to break out would seem to lie in the hands of select individuals who strive to make a difference - a difference that we can all relate to.  TEDxColombo is one of Sri Lanka’s oldest and largest TEDx events having sparked inspiration since 2011. This year, the energetic team behind the brand will be hosting their next grand-scale TEDx event with a seating capacity of over

‘Int’l Investor Perspective on Local Currency Solutions’ seminar on July 5

In an effort to expand the horizon of local banks, non-bank financial institutions and micro finance institutions, a specialized seminar entitled ‘International Investor Perspective on Local Currency Solutions’ is to be held on Tuesday, July 5, 2016 at Cinnamon Grand Hotel, Oak Room Colombo. The seminar is jointly organised by Netherlands-based The Currency Exchange Fund (TCX), FMO - Entrepreneurial Development Bank, Frontclear and UK

Tea output, exports continue to lag behind

??By Shabiya Ali Ahlam Sri Lanka’s tea industry continued to witness dampened progress with exports 

SL to borrow US $ 100mn to boost business competitiveness

Sri Lanka is to borrow US $ 100 million from the International Development Agency under special drawing rights

Chinese Chairman of Blue Diamonds steps down

Blue Diamonds Jewellery Wor ldwide PLC (BLUE) Chairman Xia Liqiang has stepped down from the post

EU steps up assistance to victims of Roanu in Sri Lanka

The European Commission is providing a further € 500,000 (approx. Rs.81 million) in humanitarian funding to Sri Lanka to bring emergency assistance to communities affected by Tropical Storm Roanu

Shares close at 8-wk low; rates decision awaited

REUTERS: Sri Lankan shares fell for a third straight session yesterday to hit a more than eight-week closing low

Boats Ordinance amendment to facilitate Jaffna coastal network

Sri Lanka is to amend the Boats Ordinance to develop and facilitate the coastal passenger and cargo transportation

IMF warns the US over high poverty, inequality

AFP: The International Monetary Fund (IMF) warned the United States over poverty and rising inequality

Aitken Spence-led consortium likely to bid for East Container Terminal

Blue chip conglomerate Aitken Spence PLC is expected to present an Expression of Interest (EOI) on East Container Terminal