Global corporate debt demand declines to $57 tn as credit risk concentrates in China, U.S.

Global corporate debt demand will peak at an estimated $57 trillion by 2019,...

Planters’ Association refutes rumor on double days’ pay

The Planters’ Association of Ceylon refutes incorrect and misleading ...

Biz Council invites Chinese companies to set up manufacturing units here

Sri Lanka has invited Chinese businesses to come and set up manufacturing units in the country by forming joint ventures with local partners.

Tea industry hails sanction ease on Iran

?Top tea industry representatives yesterday sounded a note of optimism concerning Ceylon tea’s ability to brew a stronger cuppa with the announcement on the easing of sanctions on Iran.

Govt. to construct steel flyovers with euro credit line

?Three steel flyovers will be constructed in Rajagiriya, Polgahawela and Ganemulla with a 53 million euro credit line from Spain, Cabinet Spokesman Rajitha Senevirathne yesterday said.

Shares end at over six-week high on hopes of political stability

REUTERS: Sri Lankan shares closed at their highest level in over six weeks yesterday on heavy volume, led by select stocks as hopes of political stability after the Aug. 17 parliamentary elections helped boost sentiment.

ADB sticks to 2015 growth forecast for SL

?The Asian Development Bank (ADB) kept its economic growth forecast of 7 percent for Sri Lanka in a supplement to its flagship Asian Development Outlook 2015 released in March.

Value addition will be key if foreigners want to own land: FM

Foreigners may be able to purchase land for commercial purposes in Sri Lanka once more under the new regime if they add enough value in Sri Lanka, while land lease taxes and financial services for foreigners are also being amended...

FM assures 41% repayment of Golden Key depositors’ funds

Finance Minister Ravi Karunanayake said yesterday that the government would finalize the arrangements pertaining to the payment of Golden Key depositors by July 24.

Sri Lankan tea industry reaching 150-year milestone

Sri Lanka Tea Board (SLTB) along with Colombo Tea Traders’ Association...

Public sector accounting standard in the making

The current regime is working with the Institute of Chartered Accountants Sri Lanka...

Enhancing recreational and biodiversity value of Ceylon Tea Trails

The Sri Lanka Business and Biodiversity Platform (SLBBP) of the Ceylon Chamber...

Biggest risk for marketers in next 10 years is keeping up with customers: CIM

The biggest problem the marketers will ave to face in 2025 is keeping...

CA Sri Lanka’s Strategy Summit to focus on future of strategy

Sri Lanka’s biggest ever Strategy Summit organised by the Business School...

IFAC, IIRC and GRI partner CMA Integrated Reporting Global Management Accounting Summit

The CMA Global Management Accounting Summit on the theme ‘Business Resilience...

Barista Lavazza encourages investors to venture into franchising

Barista Lavazza, Sri Lanka’s premier coffee house chain, ...

(ISC)2 Colombo Chapter elects new President

 International Information Systems Security Certification Consortium (ISC)2 Colombo Chapter, a community of Information Systems Security Professionals representing the parent organization in United States (www.isc2.org) 

Harsha charges Cabraal of misleading public

Refuting the claims made by the Vidwath Janatha Pavura led by the officials of the previous regime that the country is suffering an economic downturn, Policy Planning Deputy Minister...

Renewal of US GSP: What it offers Sri Lankan exporters

President Obama signed the ‘Trade Preferences Extension Act of 2015’ on 29 June 2015, authorizing the renewal of the US GSP scheme, almost 2 years after it expired. 

Metropolitan launches world’s highest resolution, full-frame DSLR cameras

The Canon EOS 5DS and Canon EOS 5DS R Digital SLR cameras featuring the world’s highest resolution* among 35mm format DSLRs was launched in Sri Lanka ...

EAP’s Swarna Solutions leads way in group’s sustainability agenda

?Swarna Solutions Ltd., a subsidiary of the EAP Group recently announced that the company has obtained its internationally recognized CarbonNeutral certification.  

Third ‘Ease of Doing Business’ forum today

?The Finance Ministry will be holding the third ‘Ease of Doing Business’ forum today, at 2:00 p.m., at the fourth floor auditorium of MILODA, Academy of Financial Studies, (Old Times Building), Sir Razik Fareed Mawatha, Colombo 1.  

Economic forum to discuss value addition in agri exports

?Sri Lanka Economic Summit 2015’s second day sessions to be held on August 5 will kick start with the topic of ‘Championing Value Addition in Agri Exports’ – which will discuss ways and means of championing value addition.

Mahapola Lotto now priced at Rs. 20

?With a mission to facilitate inclusion for each and every Sri Lankan, lotteries innovator Mahapola Lotto recently introduced a new price for its M Lotto ticket. 

BBDO takes home inaugural Glass Lion Grand Prix at Cannes

?BBDO Worldwide affiliate BBDO India, Mumbai won the Grand Prix in the inaugural Glass Lion category at the Cannes Lions International Festival of Creativity 2015 held in Cannes, France recently for its ‘Touch the Pickle’ campaign for sanitary protection brand Whisper. 

WB report sheds light on SL’s unregulated audit industry

The local auditing industry, a sizable portion of which is unregulated, should be governed to improve the investor climate and strengthen small and medium enterprises (SME), a World Bank report said.

EMP named principal sponsor for ‘Construct 2015’ exhibition

?Electro Metal Pressings (EMP), a company in the engineering construction industry, has stepped up as the principal sponsor for the upcoming most sought after exhibition ‘Construct 2015’ in its 15th consecutive year under the theme ‘Build Your Dreams’.

Carson divesting Pegasus shares; move to comply with free float rules?

?Diversified conglomerate Carson Cumberbatch PLC may be divesting a minor segment of its shares in Pegasus Hotels of Ceylon PLC in order to maintain the leisure subsidiary’s listing on the Colombo Stock Exchange pursuant to the minimum float rules.

Thakral One Singapore hails Internet Society for recognizing Sri Lankan technology pioneers

?Thakral One (Pte) Ltd, Singapore recently commended the Sri Lanka chapter of the Internet Society for recognizing the technology pioneers who were instrumental in connecting Sri Lanka to the Internet backbone 20 years ago. 

BOC launches newest fortune branch in Borella

?As a part of BOC’s transformation process bank has transformed its fifth pilot fortune branch in Borella to offer customers the best banking experience.