Access Engineering in pre-fabricated steel building construction at Lakvijaya power station

Access Engineering PLC is scoring once again a remarkable progress in the steel structure fabrication sector in civil engineering industry in Sri Lanka with its involvement towards the steel structure

President visits Siddhalepa Health Center in Germany

President Maithreepala Sirisena visited Siddhalepa Health Center in Berlin during his recent visit to Germany, and commended the effort of Siddhalepa Group to promote Sri Lankan Ayurveda in Europe. Ministers,

Rupee forwards end weaker on importer dollar demand

REUTERS: Sri Lankan rupee forwards ended weaker yesterday, pressured by importer demand for the greenback, despite a 50-basis-point rate hike

Shares fall for 3rd day as investors shun risky assets

REUTERS: Sri Lankan shares fell for a third straight session yesterday to a 22-month closing low, as investors shunned risky assets and an interest rate hike last week continued to dampen sentiment. Local

Economic think tank urges policy makers to further explore export finance solutions

As Sri Lanka’s exports continue to slow down, Colombo-based economic think-tank Verité Research has urged policy makers to look towards further exploring export finance, an enabling policy that could potentially

Beer drinkers to switch to arrack this year following tax hike: Fitch

Fitch Ratings yesterday said Sri Lanka would witness a shift in consumer behaviour from beer to hard liquor this year.

CCC urges govt. to bridge ETCA information gap

Sri Lanka’s premier trade chamber, Ceylon Chamber of Commerce (CCC) yesterday urged the government to bridge the information gap relating to the proposed Economic and Technology Cooperation Agreement 

Economic think tank urges policy makers to further explore export finance solutions

??By Shabiya Ali Ahlam As Sri Lanka’s exports continue to slow down, Colombo-based economic think-tank Verité Research has urged policy

DFCC Bank funds Laugfs’ solar power project

DFCC Bank has provided financial support to Laugfs Group in establishing its first solar power project at Hambantota.

Vehicle imports plunge could result in deficit blowout: economist

The sharp fall in vehicle imports in January could have severe implications on government’s revenue collection and budget 

Tea production up in January; but exports and earnings dip

The local tea sector saw its production output for January kicking off with a positive note, but witnessed dampened year-on-year (yoy) growth in its export quantities and earnings.

DHL extends TAPA certification stronghold in Asia Pacific

DHL Express, the world’s leading international express provider, has recorded a new milestone in its continuous drive to offer superior security and service levels in end-to-end supply chain solutions in Asia Pacific

K & D Management Services marks 10th anniversary

K & D Management Services Ltd celebrated its 10th anniversary recently. Celebrations took place at the company’s head office in Kelaniya headed by its Chairperson Grace Silva, giving prominence to Buddhist and Christian religious activities. A n a l l - n i g h t P i r i t h chanting with almsgiving ceremon

Nolimit triumphs at Triumph dealer convention with Gold award

Nolimit, the biggest fashion retail chain in Sri Lanka, seized the gold award as the ‘Best Dealer’ for the 8th consecutive year at the recently concluded Triumph dealer convention, competing with more than 60

Ceyoka showcases nextgen insulation and water proofing products

Sri Lanka’s largest, most prestigious and influential annual architect exhibition organized by the Sri Lanka Institute of Architects held recently, featured the latest products and services used by practicing architects, 

Mega education and career expo to be held in Maldives

The Maldives International Education and Career Expo will be held for three consecutive days from April 21 to 23, 2016 in Male. 

Iran shows optimism about crude oil concessions to SL

Iran government has responded positively to supply crude oil to Sri Lanka at concessional prices, a Sri Lankan Finance Ministry statement yesterday said.

S’pore High Commissioner imparts knowledge on investment best practices

The Board of Investment of Sri Lanka (BoI) conducted an interactive discussion where the chief guest was High Commissioner of Singapore to Sri Lanka Chandra Das. The High Commissioner shared his

Sarada de Silva invited to address World Spice Conference 2016

National Chamber of Exporters of Sri Lanka (NCE) President Sarada de Silva is invited to attend World Spice Conference 2016 and make a presentation on ‘Spice Industry – Sri Lanka Perspective’. Since its inception in 

Over 100 foreign investors to attend CCC ‘Sri Lanka Investment Business Conclave’

The upcoming ‘Sri Lanka Investment and Business Conclave’ organised by the Ceylon Chamber of Commerce (CCC) has attracted 100 plus overseas investors with the largest group expected to come from Kuwait,

LOLC group attracts US $ 247 foreign funding through ADB, FMO

The LOLC group has attracted US $ 247 million in funding for three of its subsidiaries through the largest ever syndicated loan for the Sri Lankan non-banking financial sector so far. “This is the largest facility 

Post-sanction Iran aims to boost bilateral relations with ‘friendly’ Sri Lanka

In a bid to boost trading activities following the removal of sanctions, Iran yesterday stressed its willingness to enhance bilateral relations with “friendly” Sri Lanka. Calling for increased efforts between the two countries

Shares end lower as investors shun risky assets

REUTERS: Sri Lankan shares edged down for a second straight session yesterday, hovering near a 22-month low, as investors preferred low-risk assets in line with global peers and as an interest rate hike last week 

Malaysia and S’pore to offer insight into restructuring SoEs

The Sri Lankan government will be entering into discussions with two of the world’s largest sovereign funds over the next two weeks to strategize the restructuring of the ailing stateowned enterprises (SoEs). 

Govt. to enter 2-month economic restructuring phase: FinMin

The government will be entering a restructuring phase over the next two months to bring in the exchange management legislation and a facility from the International Monetary Fund (IMF), the country’s Finance Minister said. 

January motor vehicle registrations slump

Sri Lanka’s motor car registrations crashed across the board in January amid the new LTV rules on vehicle financing and significantly higher increase in import tariffs.

Bourse bets big on IMF package for recovery

A standby facility with the International Monetary Fund (IMF) could boost the Colombo bourse as such an arrangement would likely to push the state towards divesting...

Lack of rules governing foreign ownership of property would lead to manipulation: expert

The non-publication of any regulations or guidelines allowing foreigners to own land on a freehold basis up to now could allow the system to be manipulated by officials, an expert said.

National consumer prices down 0.7% in January

Sri Lanka’s national inflation measured by National Consumer Price Index (NCPI) has slowed down to -0.7 percent on year-on-year basis mainly due to the higher base of the corresponding period in 2015. 

TMI Solutions moves IVD business to new location

TMI Solutions (Pvt) Ltd, the sole distributor for Nihon Kohden Corporation products in both Sri Lanka and Maldives moved its In Vitro Diagnosis (IVD) operations to a new premise in Rathmalana recently.  The occasion was graced by Yasuhiro Yoshitake, senior board member of the Nihon Kohden Corporation and Eiji Iwasaki, Managing Director for Nihon Kohden Corporation Singapore Regional Head quarters.