Overseas Realty to acquire Shing Kwan-owned WTC floors through share purchase

Instead of buying the two floors of the World Trade Centre Building as planned, Overseas Realty (Ceylon)

EU renews Iran rights sanctions

AFP: The European Union yesterday renewed sanctions against Iran over its human rights record, even as it relaxes damaging measures imposed on 

BoI secures land for VW in Kuliyapitiya to assemble diesel vehicles

Sri Lanka’s apex investment promotion agency the Board of Investment (BoI) yesterday said they were

India’s Aavishkaar Frontier Fund and MA’s Foods conclude equity investment deal

Aavishkaar Frontier Fund, an India-based private equity fund, has successfully negotiated a capital infusion 

Economic reforms would be put forward in a way public could accept: FinMin

The much-awaited economic reforms would be introduced to the country at a rate that the public would

Hilton owning firm gets new board; Krishantha Cooray appointed as Chairman

The owning company of Hilton Hotel Colombo yesterday announced the appointment of new directors, with 

Sri Lankan economy poised to grow 5.3% this year: World Bank

Sri Lanka’s gross domestic product (GDP) is projected to grow by 5.3 percent until end-2018, compared 

Three-year IMF programme to reform Lankan economy

The International Monetary Fund (IMF) staff team in town yesterday said “significant progress” towards a staff-level

Expert says US$ 12bn Megapolis transport system a mega ‘folly’

The critical transport element of the much hyped US $ 40 billion Megapolis development project is likely

Husein Esufally appointed Janashakthi Insurance Chairman

J a n a s h a k t h i I n s u r a n c e PLC r e c e n t l y announced the appointment of Husein Esufally, a 

WTO says trade remedies for SL cannot be implemented overnight

??By Shabiya Ali Ahlam Vi s i t ing Wo r ld Tr ade O r g a n i s a t i o n ( W T O ) representatives expressed 

Country location key to spur growth: economist

??By Zahara Zuhair An economist recently highlighted that Sri Lanka’s geographic location and access to 

Access Engineering makes significant progress in Climate Resilience Improvement Project

The government of Sri Lanka has embarked on a comprehensive Disaster Risk Management (DRM) program

India’s beedi makers halt production over health warnings

REUTERS: India’s traditional cigarette industry, which makes hand-rolled smokes and employs more than 8

‘Gamin Gamata – Mega Salpila’ reaches out to Dambulla

Brown & Company PLC are reaching out to the residents of Dambulla this Avurudu Season by way of conducting 

Lack of fiscal discipline has plagued Lankan governments over the years: economist

Sri Lanka has recorded an impressive growth rate averaging 7 percent over the 2010-2014 period. This has be

Hameedia opens newest branch in Kurunegala

Continuously setting the benchmark in the fashion industry, Hameedia recently opened its newest branch in Kurunegala. 

“Kovul Nade” heralds new era for media and SLT partnership

Sri Lanka Telecom celebrated the impending arrival of the New Year by hosting its’ second annual traditional 

ComBank supports up and coming mobile game developers

The Commercial Bank of Ceylon has come forward to support up and coming mobile game developers by 

Litro Gas partners with SLIM as corporate sponsor

Litro Gas, the largest national importer and market leader of Liquefied Petroleum Gas (LPG) in Sri Lanka

Takehiko Nakao to stand for re-election as ADB President

Asian Development Bank (ADB) President Takehiko Nakao expressed his intention to stand for re-election 

Jade Restaurants announces fantastic seasonal offers

Jade Restaurants announced a range of promotional offers for its dine-in customers during the festive season

Around The Pearl takes off

Around The Pearl, a ten-day charity bicycle ride kicked off in the early hours of April 7, 2016 with over

Nuwan heads to India for T20 World Cup through Seylan Bank Facebook

Hosting innovative competitions and taking the genre of social and digital media to new heights, Seylan 

Laugfs Gas powers DMCC Plantations Rugby 7s

Laugfs Gas PLC has reaffirmed its pledge to uplift and strengthen the lives of estate sector communities

Oil prices rise in Asia as output meeting approaches

AFP - Oil prices bounced yesterday, with Brent climbing back above $40, as traders digested falling US

WB to boost funding for climate change projects

AFP - The World Bank on Thursday said it would increase funding for renewable energy and other projects 

UL891 returns to base in Bangkok

SriLankan Airlines flight UL 891 of April 7, 2016 from Bangkok to Colombo returned to base at Bangkok’s

EU, Mercosur try again to get free trade deal

AFP - The EU and South America’s Mercosur bloc agreed yesterday to make another effort to get talks

SL created new vistas for private sector investments: Ravi K

The budget presented in November 2015 created new vistas for private sector investments with emphasis