Nationwide consumer prices up 5.3% in May

Inflation, as measured by the change in the National Consumer Price Index (NCPI) increased to 5.3 percent in May

Moody’s cuts outlooks of 3 local banks following sovereign outlook downgrade

Following the downgrading of Sri Lanka’s B1 sovereign rating outlook to negative from stable, Moody’s yesterday revised down the outlooks of Bank of Ceylon, Hatton National Bank and Sampath Bank,

Shares fall after Moody’s outlook revision

REUTERS: Sri Lankan shares fell yesterday for a second straight session, a day after Moody’s revised down

Tea Board commissions tea land survey for accurate data

The Sri Lanka Tea Board is currently in the process of surveying all tea plantation areas in order to create a map

Brexit battle on knife edge in last 48 hours

AFP: Financier George Soros warned of a Black Friday plunge in sterling if Britain votes to quit the EU as new polls

Jinasena water management solutions to battle CKD

Jinasena (Pvt.) Limited, one of the leading water management systems and solutions providers in Sri Lanka, is observing a growing demand for its water purification solutions as the country intensifies its battle against chronic kidney disease (CKD) which has been linked to contaminated or unfiltered water.

First Capital Wealth Fund outperforms all unit trusts

First Capital Asset Management Limited, managers of the First Capital Wealth Fund, announced a dividend of Rs.100 per unit. The First Capital Wealth Fund was Sri Lanka’s best performing fixed income unit trust for calendar years 2013 and 2014. 

MTI commended for contribution to Bahrain

Bahrain’s Minister for Electricity and Water Affairs Minister Dr. Abdulhussain Mirza received MTI Consulting Chief Executive Officer Hilmy Cader and discussed the company’s contribution in the field of consultancy and working on the development of management systems.

Nestlé hosts zonal Food Conference for Out-of-Home business in Sri Lanka

Nestlé Professional, Nestlé’s Out-of-Home business that provides culinary and beverage solutions to the restaurant and food service industries, is hosting its 2016 zonal Food Conference for Asia, Oceania and Africa in Sri Lanka this week. 

Malik meets Korea’s Vice Minister and biz team

Kim Kyung Hwan, Vice Minister of Korea’s Ministry of lands, Infrastructure and Transport visited SriLanka this week.

Exporters hail fish ban removal; commend govt.

 The Exporters Association of Sri Lanka (EASL), an affiliated trade organization of the Ceylon Chamber of Commerce yesterday welcomed the lifting of the EU ban imposed on the export of Sri Lanka fisheries products to the EU market.

Ceylon Chamber lines up top panel to discuss PPPs

‘Sri Lanka Economic Summit 2016,’ organized by the Ceylon Chamber of Commerce has lined up a top panel of experts from both the public and the private sector to discuss opportunities existing for Public Private Partnerships (PPPs) in the country.

MyDeal.lk new location marks another stride in expansion

One of Sri Lanka’s pioneering e-commerce companies MyDeal.lk recently moved to a new showroom marking yet another stride in an illustrious expansion drive. 

CNCI, Ind-Expo organise seminar on ISO 9001: 2015

The Ceylon National Chamber of Industries (CNCI), the pioneering industry chamber in the country, together with Ind-Expo has planned to conduct a full-day seminar on the 2015 version of ISO 9001.   Ind-Expo Director General Shantha Kuruppumullage said that the 2008 edition of ISO 9001 has now been replaced with the 2015 version. Since it has been revised to meet the needs of today’s business world, this seminar is very important for an

‘John Keells X’ open innovation challenge registration now open

“John Keells X” is a four-month open innovation challenge organized by John Keells Holdings PLC (JKH), aimed at galvanising the creative and intellectual talent of the public, in a competition format.  This challenge is open to any individual or team that wishes to present world-class disruptive innovative ideas and will stand the chance of winning up to Rs. 3 million in prize money and potentially further funding for commercial

Daya Gamage to feature at next NCC ‘Meet the Minister’

Primary Industries Minister Daya Gamage will grace the National Chamber of Commerce (NCC) on ‘Meet the Minister’ programme for an interactive session with the business community on June 23, from 3:00 p.m. to 4:30 p.m., at the chamber auditorium, Colombo 10.

Channa Wijesekara gets top post at Industries Ministry

Ministry of Industries & commerce has appointed Channa Wijesekara as the Chairman of the Advisory Council on Wood & Wood based Industries recently. He is currently the President of Wood & Wood Based Industrialists Association in Sri Lanka.

SL - German Training Institute to be opened in Kilinochchi next month

The establishment of the Sri Lanka-German Training Institute (SLGTI), a landmark project initiated by German Development Cooperation (GIZ) in partnership with the Government of Sri Lanka, was announced at a press conference attended by Mahinda Samarasinghe, Minister of Skills Development and Vocational Training and Dr.Juergen Morhard, Ambassador of the Federal Republic of Germany to Sri Lanka and the Maldives. 

NCE hails EU lifting of ban on fish exports

The NCE which has leading exporters of fisheries products in its membership is pleased on the success of the government in having the EU lift the ban of fishery product exports.   

Government to allow foreigners to buy land

The government is gearing to introduce amendments to existing land laws within three to four weeks, in a major push

Indian central bank chief to step down in surprise move

AFP: The popular Reserve Bank of India Governor Raghuram Rajan will step down when his term ends in September

SL likely to enjoy GSP Plus till 2020 if application submitted now: EU official

Sri Lanka, currently on a positive growth trend, is likely to enjoy the GSP Plus facility until 2020 if the application i

Keen interest among local businesses to venture into UAE

RAK Investment Authority, the investment promotion agency of Ras al-Khaimah, United Arab Emirates

Economist says govt. approach to PPPs needs review

Government actions with regard to investments and public private partnerships (PPPs) are hampering possible investment

Minister urges tea hub concept needs research before execution

??By Chandeepa Wettasinghe The tea hub concept, which received support during the 2016 budget , wil l requ ir e

TEDxColombo 2016 themed ‘Blueprint of Change’

TEDxColombo is one of Sri Lanka’s oldest and largest TEDx events having sparked inspiration since 2011.

CIOB unveils Western Region Road Structuring and Transport Plan

The Ceylon Institute of Builders (CIOB), in collaboration with the Megapolis and Western Development Ministry

Ceylon Chamber holds 21st AGM of SLANZBC

The 21st Annual General Meeting (AGM) of the Sri Lanka-Australia-New Zealand Business Council (SLANZBC) 

FinMin sends letter of demand to UPFA lawmaker over defamatory statement

Finance Minister Ravi Karunanayake has sent a letter of demand to UPFA Kalutara District Parliamentarian 

Sri Lanka to enter Russian gem and jewellery market

The Sri Lanka Export Development Board (EDB), National Gem and Jewellery Authority (NGJA) and Sri Lanka