Apartment prices in Wattala area further bolster: RIUNIT

Sri Lanka’s real estate expert, the Research Intelligence Unit (RIUNIT), says that Wattala in the Colombo suburb region is one of the developing markets for apartments.

Apartment prices in Wattala area further bolster: RIUNIT

Sri Lanka’s real estate expert, the Research Intelligence Unit (RIUNIT), says that Wattala in the Colombo suburb region is one of the developing markets for apartments. According to the most recent data from the RIUNIT, the average apartment (Tier 2 and 3) pricing in the Wattala area grew to Rs.23,447 per sq.ft. in August, from Rs.23,411 per sq.ft. in July. This represents a 3.5 percent annual rise, compared to Rs.22,689 in August 2022. With t

Nippon Paint introduces latest colour matching system for automotive refinishing

Nippon Paint Lanka recently launched its latest six-angle spectrophotometer for the exact matching of colours in auto-refinishing. The first...

ASPI drops by 1.5% during the day

Indices closed in red as a result of price losses in counters such as Commercial Bank, National Development Bank and Melstacorp....

Move to designate INR yet to spark interest among importers and exporters

Despite Sri Lanka making the Indian rupee (INR) a designated currency in August and several local banks opening up INR nostro accounts, the demand for INR among Lankan importers and exporters remains tepid, according to Central Bank Governor Dr. Nandalal Weerasinghe.

Massive government investment needed to shift to EV, says EU Ambassador Chaibi

The Ceylon Motor Traders Association (CMTA), the senior most automotive association in Sri Lanka, recently held another CMTA Stakeholder Breakfast Forum at the Hilton Colombo Residencies.

India-Sri Lanka high-speed passenger ferry services begin today

Minister of Ports, Shipping, and Aviation Nimal Siripala de Silva yesterday announced that the high-speed passenger ferry....

Freight forwarders hold 42nd AGM

The Sri Lanka Logistics & Freight Forwarders’ Association (SLFFA) held its 42nd Annual General Meeting on September 15th at the Shangri-La ...

BIA makes Rs.22bn profit for first 8 months

Ports, Shipping and Aviation Minter Nimal Siripala de Silva yesterday said Sri Lanka’s main airport, Bandaranaike International Airport (BIA) in Katunayke, has made a profit of Rs.22 billion for the January to August period.

US economist Claudia Goldin wins Nobel prize in economics

The Nobel prize in economics was yesterday awarded to American economist Claudia Goldin for research that has helped understand...

President appoints director board for Sri Lanka Personal Data Protection Authority

President Ranil Wickremesinghe has appointed a board of directors for the Sri Lanka Personal Data Protection Authority, comprising seven...

No more extensions: Tourism establishments told to renew liquor licences before year-end

The Sri Lanka Tourism Development Authority (SLTDA) has announced that no further extensions will be granted for liquor licences and...

Oil prices jump as Middle East turmoil roils markets

Oil prices surged more than 3 percent yesterday as military clashes between Israel and the Palestinian Islamist group Hamas....

EKHO Surf Hotel, Bentota to undergo Rs.250mn refurbishment

Kandy Hotels Company PLC, a member of Galle Face Hotel Group of Companies, yesterday said it has initiated a Rs.250 million refurbishment....

Tata Group’s Air India acquisition opens door for collaboration, says Minister de Silva

The acquisition of Air India by Tata Group and their order for 250 Boeing 777 aircraft present the national carrier SriLankan Airlines...

Adani’s Mundra Port celebrates 25 years of operations, growth

Commemorating a landmark journey, Mundra Port is celebrating 25 years of path-breaking operations, highlighting its expansion...

USA to support digitalizing of naval and aviation sectors

US Ambassador to Sri Lanka Julie Chung said Sri Lanka will have to face special challenges in digitalization using new technology; more...

Hankook Tire and Ronet Marketing collaborate to offer new driving experience

Hankook Tire, Korea’s premier tyre brand and a global force among the top 7 brand in the world, is now accessible to more motorists...

SEC and CFA Society Sri Lanka collaborate to promote research integrity among stockbroker firms

The Securities and Exchange Commission of Sri Lanka (SEC) and CFA Society Sri Lanka (CFASSL) recently joined forces to host a workshop....

Unemployment up at 5.2% in 2Q; labour force participation slips

Sri Lanka may need additional policy support and favourable economic environment to create more job opportunities Sri Lankans ....

SEC urges compliance officers to play a more effective and independent role

As part of their continuing efforts to strengthen market standards and investor confidence, officials of the Securities and Exchange Commission ....

Credit card usage sees gradual recovery after price and rate shocks

Credit card users were seen gradually swiping their cards, perhaps in a sign of slow pickup in consumer spending after the inflation eased...

CB forecasts surge in credit demand by year’s end; more meaningful recovery by 1Q24

The Central Bank expects the demand for credit to grow by the end of this year with the seasonal demand and a more meaningful recovery....

September records workers’ remittances inflows worth US$ 482mn

Higher workers’ remittance inflows continue to cushion Sri Lanka’s balance of payments with September recording remittances inflows ....

Life insurance biz shows lowest growth rate in premium incomes in five years in 2022

The long-term insurance sector in Sri Lanka witnessed its lowest premium income growth rate in five years, with a year-on-year...

US economy added 336,000 jobs last month, almost twice what was expected

The US economy added an estimated 336,000 jobs last month, blowing expectations out of the water, according to Bureau of Labour ....

CA Sri Lanka inaugurates 44th National Conference

Aimed at playing a pivotal role in helping the country navigate through the ongoing crisis and seize emerging prospects to help revive....

People’s Bank honours A/L toppers with laptops

People’s Bank proudly celebrated the achievements of outstanding students who secured the top positions in the G.C.E. Advanced Level ....

New British High Commissioner visits BOI

British High Commissioner to Sri Lanka Andrew Patrick met with Board of Investment (BOI) Chairman Dinesh Weerakkody, Investment ....

Sri Lanka Retail Forum 2023 set to be held on Oct. 19

The Sri Lanka Retailers’ Association (SLRA) is set to host the retail industry’s premier knowledge event, Sri Lanka Retail Forum 2023....