Port City construction in full swing

Work on the US $ 1.4 billion China-funded Colombo Port City is steaming ahead. The developing company, China Harbour, is expected to invest a further US $ 1 billion on the construction of three 60-storey buildings within the Port City that will house the proposed Colombo International Financial Centre. The Central Bank expects FDI flows into the Port City and Hambantota port to drive Sri Lanka’s growth 

Avian Technologies hosts Sophos Partners at gala event

Avian technologies, a leading provider of total unified threat management and secure content management

GroupM highest award-winning Media agency of the year

GroupM Sri Lanka became the country’s most awarded media agency in 2017, successfully adding another

How can TPP without US still make sense?

Since the withdrawal of the United States from the 12-country Trans-Pacific Partnership (TPP) early this year, the once promising mega trade deal has lost momentum. 

The small, silent revolution that could change your commute

Electric cars are all over the media as major disrupters of urban mobility. These stories seem to consign to oblivion that electric cars take up as much space as their combustion counterparts and, arguably, take up even more of our time than guzzler cars and that, in terms of sheer numbers, the real game changer is the electric bicycle.

Budget 2018 vs. foreigners buying property in Sri Lanka

The highly anticipated 2018 budget of the Sri Lankan government concluded recently with a number of surprises that were not seen in budget proposals in the past few years. 

EDB establishes strategy to boost local rubber exports

Sri Lanka Export Development Board (EDB) having collaborated with Asian Development Bank carried out a study to identify issues being encountered by companies in their value chains pertaining to few identified sectors in Sri Lanka such as Rubber, Fruits and Vegetables with the objective of assisting them to address some of the major issues hindering exports.

Can private standards restore credibility to the palm oil industry?

Palm oil has gained notoriety for its links to tropical deforestation, biodiversity loss, greenhouse gas emissions, disturbance of carbon-rich peat land, exploitation of workers and land grabs.

Sri Lanka Insurance begins business for 2018

The inauguration of business activities for 2018 at Sri Lanka Insurance took place on January 2 amidst a gathering comprising Chairman SLIC Hemaka Amarasuriya and Executive Director Nilu Wijedasa. 

Bank of Ceylon launches ‘B-App’ to begin New Year

The Bank of Ceylon commenced its banking activities for 2018-New Year celebrations with a multi-religious ceremony and the launching of the bank’s newest mobile application ‘B-App’ with the patronage of Chairman Ronald C. Perera and the General Manager 

Cargills Bank opens doors to Kaduruwela

Cargills Bank opened its new branch in Kaduruwela in December last year, located at 896, Nidahas Swarna Jayanthi Mawatha, Kaduruwela.  

NDB celebrates New Year with religious observances

The Chairman Ananda Athukorala, CEO Dimantha Seneviratne, management and the staff of the National Development Bank PLC celebrated the first working day of the year 2018 at their Nawam Mawatha 

Motor racing champ Malagamuwa receives Pan Asia Bank World Mastercard

Sri Lankan motor racing champion Dilantha Malagamuwa recently became a Pan Asia Bank World Mastercard holder where he accepted his World Mastercard Credit Card from Pan Asia Bank’s DGM- Marketing and Personal Banking Nalaka Wijayawardane at Pan Asia Bank head office. 

NDB celebrates Rs. 4 bn mobile banking app transactions in December

NDB celebrated the reach of Rs. 4 billion worth of mobile banking transactions in December 2017, prior to the end of the year. 

Central Bank unveils Road Map 2018

The Central Bank of Sri Lanka yesterday launched its ‘Road Map 2018: The Monetary and Financial Sector Policies for 2018 and Beyond’ in the presence of the cream of the country’s banking and finance sector, top public officials, members of diplomatic missions and international organisations   

NTB Amex promotes health and wellness with spectacular savings

All goals for the year ahead and plans that one wishes to see to fruition will be that much easier to achieve if one is healthy. With this in mind, Nations Trust Bank (NTB) American Express (Amex) cards entitle card-members to exclusive savings and privileges at a host of health and wellness partners. The most renowned gyms, spas, recreation clubs, health food restaurants and health and wellness retail establishments are now accessible to card-me

PickMe welcomes Isira Perera as Chief Operating Officer

PickMe, Sri Lanka’s most innovative ride-hailing service announced the appointment of Isira Perera as the Chief Operating Officer (COO) with effect from December 1st 2017.

DHL Express named Asia Pacific’s Top Employer once again

DHL Express, the world’s leading international express services provider, has been named 2018 Top Employer for Asia Pacific as well as eight countries in the region: Australia, Hong Kong, India, Malaysia, New Zealand, the Philippines, Singapore, 

Dinara Clothing wins Silver at Entrepreneur of the Year Awards 2017

Dinara Clothing (Pvt.) Ltd seized the Silver award in the large-scale category for the Central Province at the Entrepreneur of The Year Awards 2017 organised by Federation of Chambers of Commerce and Industries of Sri Lanka (FCCISL).

Nawaloka Hospitals installs second MRI scanner

Sri Lanka’s pioneer private healthcare provider, Nawaloka Hospitals recently installed the second MRI scanner to offer more accurate and efficient diagnostic and imaging services which will avoid waiting times for 

Rupee ends steady in dull trade

REUTERS: The Sri Lankan rupee closed steady yesterday in dull trade, as demand for dollars from importers and banks offset conversion of the US currency by exporters, dealers said.  

New Banking Act in the offing

A new Banking Act and a new bank monitoring system will be introduced soon, the Central Bank said yesterday in its Road Map for 2018.

Interim orders awarded inter parte against Ali Asger Shabbir

The members of the Gulamhusein family have obtained a series of interim orders against Ali Asger Shabbir, the youngest son of the reputed businessman, the late Dr.Shabbir Abbas Gulamhusein, regulating the affairs of Adamexpo Limited. Ali Asger Shabbir had claimed that Dr. Shabbir Gulamhusein sold to him 99.99 percent shares of Adamexpo Limited prior to his death. 

Cash-strapped Sri Lanka to raise US $ 5bn in bonds in 2018

AFP: Sri Lanka said yesterday it hopes to raise a record US $ 5.0 billion through bond issues this year as it seeks to repay its substantial debts.

CB expects economy to grow 5-5.5% this year

The Central Bank expects Sri Lanka’s economic growth to pick up pace this year despite the subdued growth in 2017, which is estimated to be below 4 percent, lower than the projected 4.5-5 percent growth at the beginning of the year.

CB announces 6-month programme to revive ETI Group finance firms

The Central Bank on Tuesday revealed a host of measures to bring the illiquid, mismanaged, non-banking financial institutions (NBFIs) in the ETI Group back into liquidity within six months, after placing the management of the parent company in the hands of an expert panel. 

Jiffy Products Sri Lanka wins multiple awards at NBEA 2017

Jiffy Products Sri Lanka recently won three awards at National Business Excellence Award 2017.

Grim year ends for Darjeeling tea

The Hindu: The embattled Darjeeling tea industry will close 2017 with one of its lowest outputs, estimated at about three million kilograms as against the average annual crop of about 8.5 million kilograms over the last few years.

Jiffy Products Sri Lanka receives multiple awards

Jiffy Products Sri Lanka recently won three awards at National Business Excellence Award 2017. The company

DFCC Bank launches a New Year ‘Season of Gifts’ campaign across the branch network

Perseveringin its mission to inculcate the savingshabit amongst the nation’s population, DFCC Bank yet again introduces