ComBank to begin exchange house operations in Italy this year

Hot on the heels of obtaining the regulatory approval to start commercial banking operations in the Maldives in 2015, Sri Lanka’s Commercial Bank PLC has now received the licence from the European Union to start a fully-fledged exchange house in Rome, Italy.  

Canada expresses interest to set up LNG power plant

The Canadian government has proposed to initiate an electricity generation project in Sri Lanka using liquefied natural gas (LNG), a Finance Ministry statement said. 

Rupee forwards end weaker; seen falling on economic woes

REUTERS: Sri Lankan rupee forwards ended weaker yesterday due to importer dollar demand, while dealers expect growing uncertainty after the announcement of new tax hikes to weigh on the currency in the short term.

Hero Motocorp awarded ‘Manufacturing Innovator of the Year’ by TIME

Leading Indian motorcycle manufacturer Hero MotoCorp has received the coveted ‘Manufacturing Innovator of the Year’ award at the inaugural TIME India Awards, instituted by the New York – headquartered TIME magazine, one of the world’s oldest and most prestigious news magazines. Abans Auto is the sole agent for Hero motorcycles in Sri Lanka.  

Service charge: A boon or bane for local hospitality industry?

Levying a service charge on hotel and restaurant customers could be contributing to the downfall of the Sri Lankan hospitality industry, which is already suffering due to the businesses unwilling to invest in their employees with proper recognition, training and pay.

Countrywide consumer prices up 1.7% in February

Sri Lanka’s national inflation measured by the National Consumer Price Index (NCPI) rose to 1.7 percent on a year-on-year (YoY) basis, accelerating from 0.7 percent in January, as the effect of administered price cuts on essential goods was seen waning.   

Shares end at near 3-wk high; foreign investors continue exit

REUTERS: Sri Lankan shares closed at a near three-week high yesterday in dull trade as cautious investors selectively bought risk assets, while foreign investors exited amid a rise in yields of government securities.

Power regulator observes multiple failures at CEB for recent blackouts

Sri Lanka’s energy regulator, the Public Utilities Commission of Sri Lanka (PUCSL) has identified a number of failures on the part of the Ceylon Electricity Board (CEB) for the repeated island wide blackouts 

Economist recommends four key areas for SDG implementation

A t o p e c o n o m i s t r e c e n t l y recommended four key areas the developing nations should look at when implementing 

Fitch assigns Singer Finance’s Rs.1.5bn listed debt ‘BBB(lka)’

Fitch Ratings has assigned Singer Finance (Lanka) PLC’s (SFL) proposed senior secured redeemable debentures 

Sri Lanka’s government taxes people more in 2015

Sri Lanka’s revenue- hungr y government has taxed its people more in 2015, as the tax income to gross

Sri Lanka’s government taxes people more in 2015

Sri Lanka’s revenue- hungr y government has taxed its people more in 2015, as the tax income to gross

Macro challenges to make SL’s upper middle income dream a distant reality?

Sri Lanka’s journey towards becoming an upper middle income country is likely to be delayed, given the slower pace of economic development amid difficult macroeconomic conditions and tough external

UoM students deliver commercially-viable fabric solutions for TJ

Textured Jersey (TJ), the region’s largest textile manufacturing company again extended its support to undergraduates

IPS calls policy makers to engage more with consumers

The Institute of Policy Studies of Sri Lanka (IPS) stresses the importance of consumers and policy makers getting together to identify issues that affect the country’s consumers. IPS Executive Director, 

Embracing ‘Opportunities’ – A fun-filled weekend of networking, ambition and learning

The British Council Sri Lanka was pleased to launch ‘Opportunities’ – a career and skills summit in its 

Shares fall from two-week high on tax, economic woes

REUTERS: Sri Lankan shares fell yesterday after two sessions of gains as uncertainty over a capital gains tax,

CCC supports PIMA-Olympics

The Ceylon Chamber of Commerce recently signed an MoU with the Post Graduate Institute of Management 

Prima KottuMee and Prima Treats spice up 137th ‘Battle of the Blues’

Prima KottuMee and Prima Treats are two products that have always been popular among the younger generations.

WILAT pledges to shine a light on climate action with Earth Hour

WiLAT (Women in Logistics and Transport) Sri Lanka partnered with Earth Hour, Sri Lanka to raise their voice for climate action focused on promoting sustainable lifestyle and best practices in the industry.

Holcim, Maga, CSR hold Deciders’ Forum on Sustainable Cities

Holcim (Lanka) Ltd, a member of the LafargeHolcim group, which is a global leader in the building material industry, 

Nuwara Eliya gears up for ‘racing at the highest peak’ on March 20

Over 60 horses will be seen in action when the newly-formed Royal Turf Club (RTC) Nuwara Eliya horse races commence on March 20 from 10:30 a.m. onwards at the redeveloped Nuwara Eliya Race Course.

Snorkel lift at Pallekelle Nobles Manufacturing

Hydromec International (Pvt.) Ltd has supplied a Snorkel M1230E vertical mast lift to work in the new warehouse

Exide sponsors S. Thomas’ College Rugby Season 2016

Browns Exide, a market leader in automotive batteries in Sri Lanka, has come forward as principal sponsors

Internalization of agenda 2030 starting point for sustainable development: Ravi K

In a bid to ensure that the nation undergoes an allinclusive development, F i n a n c e Min i s t er Rav i Karunanayake said yesterday that the internalization of agenda 2030 for sustainable development is ideally

Top Lankan team heading to Brussels to discuss EU fishery ban

A top Lankan delegation is scheduled to leave for Brussels on March 30 to discuss the EU Fishery ban.

Sunquick Drink & Win promo gifts Sisil double-door refrigerators to first 25 winners

Sunquick’s ‘Drink & Win’ 2016 first phase consumer promotion awarded 25 lucky Sunquick customers

Development Lotteries Board offers biggest jackpot ever in Sri Lanka

The Development Lotteries Board, which consistently offers new and exciting lotteries, introduced something 

Access Engineering excels in irrigation sector

The Jaffna - Kilinochchi water supply and sanitation project – Iranamadu component is making great strides intending to strengthen and augment the Iranamadu reservoir; a part of which could be used for Jaffna drinking 

Sri Lanka poised to achieve 6.5% growth despite snags: Ravi K

Sri Lanka is slated to achieve an average economic growth of 6.5 percent by the year-end, despite the