Banking sector capital adequacy levels weaken

??By Chandeepa Wettasinghe Sri Lanka’s banking s e c t o r c a p i t a l adequacy levels came under pressure

Multinationals should create more value for Lankans: Kishu

The multinational corporations (MNCs) should be creating more value for Sri Lankan citizens, Chevron Lubricants

Lighthouse Hotel firm to build Rs.350mn property in Unawatuna

The Lighthouse Hotel PLC, the owners of Lighthouse Hotel in Galle, is to construct a 36-room hotel in Unawatuna

HNB Assurance posts Rs.33.5mn net profit in 1Q

Hatton National Bank PLC (HNB) subsidiary, HNB Assurance PLC posted a net profit of Rs.33.5 million

Importers to halt vehicle imports until rupee strengthens

In an attempt to save costs for importers, customers and the government, the two associations importing

Sri Lanka to float US $ 500mn syndicated loan

ECONOMYNEXT: Sri Lanka is planning to float a US $ 500 million syndicated loan shortly, which will be

SL should avoid mistakes done by other South Asian cities when developing Megapolis: CCC Chair

The Ceylon Chamber of Commerce (CCC) Chairman said Sri Lanka should avoid mistakes done by other

Astoria grabs attention of Chinese and international investors

The first Sri Lankan mega project to be exhibited at the 2016 Beijing International Property and Investment

Turkish Foreign Economic Relations Board delegation due next week

The executive members of the Turkey Sri Lanka Business Council of the Foreign Economic Relations Board

India’s Aavishkaar supports social impact entrepreneurship in Sri Lanka with Venture Engine

Aavishkaar, an Indian impact investment firm, has partnered with Venture Engine to introduce Sri Lanka’s first Social Impact Award for entrepreneurs

Sri Lanka’s first Institute of Hospitality & Banking opens today

The Swiss Institute of Hospitality & Banking opens today in Sri Lanka, with Tourism Minister Amaratunga

Leema introduces chemical pressure impregnation

As another progressive act to service customers more vigorously, furniture specialist and the largest interior 

Fiscal reforms tied with IMF funding hard to achieve: Fitch

Although the US $ 1.5 billion 3-year International Monetary Fund (IMF) programme could ease Sri Lanka’s

Fiscal reforms tied with IMF funding hard to achieve: Fitch

Although the US $ 1.5 billion 3-year International Monetary Fund (IMF) programme could ease Sri Lanka’s

Laugfs’ Dubai trading arm acquires 31% of firm’s B’desh operations

The recently set up trading unit of Laugfs Gas PLC, the only private sector LP gas distributor in the country,

Rupee up on IMF loan, bond issue boost

REUTERS: The Sri Lankan rupee edged higher yesterday as a loan agreement with the International Monetary

Better late than never!

Kelsey Home Developments PLC, a Schaffter family company yesterday disclosed to the Colombo bourse

PABC March net profit up 72% to Rs.304mn

Pan Asia Banking Corporation PLC (PABC) increased its net profit for the quarter ended March 31, 2016

Nayana Mawilmada joins Megapolis

Former Urban Development Authority Director General Nayana Mawilmada has joined the Western Region Megapolis

Acceleration of Megapolis development requires private sector involvement: Project Head

As Sri Lanka is on the lookout for ways and means to fast track its development, a senior official of the Western Megapolis Planning Project stressed the involvement of the private...

Midea acquires Toshiba home appliance business

Midea, one of world’s largest manufacturers of home appliances announced a majority acquisition of the home appliances business of Toshiba Corporation of Japan.  

Sri Lanka should implement several policies to position as regional hub: WB report

A recent World Bank report revealed that Sri Lanka’s apparel prices are higher than its competitors in all major product categories, driven at least partly by relatively high and rising labour costs.  

Czech Republic opens Honorary Consulate in Colombo

To further strengthen the friendship between the two nation’s Czech Republic and Sri Lanka, the Honorary Consulate of the Czech Republic was declared open at Park Street, Colombo- 2...

Speed Water marks 13 years in business

Speed Water Systems, a leading Sri Lankan company which produces purified bottled drinking water under the company’s inspiring slogan...

New Joint Action Plan will further strengthen trade and investment ties: US envoy

Expressing confidence in economic ties between the US and Sri Lanka reaching greater potential, a top US Trade Representative affirmed the newly announced Joint Action...

New Joint Action Plan will further strengthen trade and investment ties: US envoy

Expressing confidence in economic ties between the US and Sri Lanka reaching greater potential, a top US Trade Representative affirmed the newly announced Joint Action...

Venture Engine finale to feature 500 Startups fund, high profile VCs

Sri Lanka’s pioneering entrepreneur empowerment platform Venture Engine will once more welcome the participation of top global startup accelerator 500 Startups...

Derivative action against IFS by Informatics dismissed

The Commercial High Court of Sri Lanka, dismissed a derivative action instituted by Informatics International Lanka (Pvt) Ltd (Petitioner) against IFS AB

Phoenix Ogilvy wins big at SLIM Effie Awards 2015

Phoenix Ogilvy displayed a scintillating performance by clinching 2 Silver, 2 Bronze and 2 Finalist, winning 6 awards in total at the recently concluded SLIM Effie Awards 2015 at the Water’s Edge. 

Nihon Kohden gears for another successful financial year

Ever since Nihon Kohden appointed TMI Solutions as their representative in Sri Lanka, Nihon Kohden was able to regain ..