IMF urges Sri Lanka to maintain tightening policy bias until inflation ebbs

The International Monetary Fund (IMF) has urged Sri Lanka to maintain a tightening bias on monetary policy until clear signs emerge that inflationary pressures and credit growth are moderating.

Korea Eximbank approves US$ 14mn for garbage collection compactors to Sri Lanka

The Export-Import Bank of Korea (Eximbank) has approved US$14 million for the supply of garbage collection compactors to Sri Lanka. 

UNIDO supports initiative to setup packaging testing centre in Sri Lanka

United Nations Industrial Development Organization (UNIDO), within the framework of the European Union (EU) – Sri Lanka Trade Related Assistance project, is supporting the creation of a packaging testing center in Sri Lanka. 

Bitcoin plunges 15% in wild trading

AFP: Bitcoin plunged as much as 15 percent to below US$ 14,500 on profit-taking yesterday, capping a roller-coaster week that saw the currency hit a series of record highs and underlining concerns about its volatility.

Tax concessions galore for firms running H’tota port

Gazette notifications pertaining to tax exemptions that would be granted to two public private entities that will run the Hambantota port were presented to Parliament for its approval yesterday. 

SriLankan celebrates 70th anniversary of commercial aviation

Exactly 70 years ago, on December 10th 1947, a Douglas DC-3 aircraft named Sita Devi took off from Ratmalana airport for Palalay Jaffna and Madras. With this historic flight, Air Ceylon, the national carrier of Sri Lanka was born.

Asian markets on course for broad gains after volatile week

AFP: Asian markets rallied yesterday, bringing a volatile week to a positive end as tech firms extended their rebound while investors tracked advances on Wall Street following reports Donald Trump is planning to unveil a big-spending public works plan.

Abans launches Apple iPhone X in Sri Lanka

Abans, the authorized reseller and service provider for Apple in Sri Lanka launched the iPhone X yesterday at its flagship store at the Colombo Racecourse. 

Ceylinco Life’s Upamalika Ratnayake wins CIO of the Year award

Ceylinco Life Chief Digital Officer Upamalika Ratnayake was named the Chief Information Officer (CIO) of the Year at the first-ever Women in IT Awards (WITA) organised by the Women in IT Association in Sri Lanka, recently.

Metropolis Healthcare celebrates 12 years in Sri Lanka

Metropolis Healthcare Ltd, a global chain of pathology labs and diagnostic centres, celebrates 12 successful years in Sri Lanka. 

Diva ‘Idame Vasanawa’ celebrates 7th year

There can be few greater joys than owning your own home. For three lucky Diva consumers, the first steps towards this ultimate dream were recently made a reality during the seventh edition of Diva’s ‘Idame Vasanawa’ competition.

Play Expo 2017

Play Expo 2017, the country’s largest video gaming and e-sports championship with the largest gathering of geeks,

PSSL 62nd International Competition and Exhibition of Photography kicks off today

The Photographic Society of Sri Lanka (PSSL) will hold its 62nd Annual International Photographic Competition and Exhibition today and tomorrow, at Mihilaka Medura, BMICH, Colombo 7. 

NDB mobile banking customers walk away with Christmas vouchers

Over 150 new customers walked out with Christmas Bonanza vouchers at Arpico Hyde Park Corner after opening a new National Development Bank PLC (NDB) account and registering for NDB mobile banking. 

Little Asia Emporium introduces discounts for festival season

Little Asia Emporium, a leading showroom for ready-made garments, is coming up with a fabulous pack of discounts for its valuable customers to match with its reputation in its trade of saris and wedding dresses. 

Babybear gears up for Christmas season

Babybear Boutique Sri Lanka opened its doors bringing a world of wonder to Lankan shores a year ago and in celebration of its first anniversary, it’s offering all clients a savings from 20 percent up to 40 percent and a host of various activities for the season.

Sinolan Tea with Odel launches super Sri Lankan tea variety

Sinolan Tea, in collaboration with one of Sri Lanka’s foremost shopping complexes, Odel, launched a super variety of Sri Lankan tea at a tea promotion at the Odel Store recently. 

Waters Edge to hold Flavours of Szechuan - Chinese Food Festival

Bilateral ties between Sri Lanka and China date back to centuries when our island nation was an important hub on the Silk Route. Those ties have blossomed in modern times to share close cultural, diplomatic and financial ties with our neighbour.

Mr. England visits Adidas flagship store at Racecourse Colombo

Jack Eyers, holder of the 2017/2018 Mr. England title, recently visited the Adidas flagship store at the Racecourse Shopping Complex in Colombo. 

Malith Engineering Works receives ‘Wayamba Vijayabhimani’ Award

Malith Engineering Works, Giriulla could seize the award for the most excellent company in the category of small-scale in the field of industry/manufacturing sector at the ‘Wayamba Vijayabhimani Viyawasaya Vishishtatha Sammana Pradanaya 2017’

Mr.England visits the Adidas flagship

Jack Eyers, holder of the 2017/2018 Mr.England title, recently visited the Adidas flagship store at the Racecourse Shopping Complex in Colombo.

Sanken Group completes one year of Capitol TwinPeaks

Sanken Construction is going full steam ahead with the construction of the iconic Capitol TwinPeaks and in fact is well ahead of schedule

SriLankan: Govt.’s litmus test for SOE restructuring?

The fate of the ailing national carrier, Sri Lankan Airlines, will be decided soon as the airline has now become a litmus test for the government to prove its commitment towards restructuring of loss making state-owned enterprises (SOEs)—one of the key conditions of the ongoing three-year programme Sri Lanka has with the International Monetary Fund (IMF). 

David Pieris Group concludes annual seminar for O/L students in North

Sisu Denuma-2017, two-day seminar for O/L students organized by David Pieris Group of Companies in collaboration with Sarasavi Mithuro Organization of the University of Colombo was successfully concluded in Mullaitivu recently.

Hyundai Lanka launches Hyundai Lanka Foundation

Hyundai Lanka (Pvt.) Ltd, Sri Lanka’s sole authorised importer and distributor of Hyundai vehicles, announced the launch of Hyundai Lanka Foundation recently, to uplift and empower people through selected charitable organisations.

Laugfs hosts Pehesara art competition for third consecutive year

Laugfs held the Pehesara Art Competition for the third consecutive year with the enthusiastic participation of Laugfs employees’ children islandwide in celebration of World Children’s Day 2017.

PPP agreement inked to tap business opportunities offered by SDGs

Sri Lanka yesterday saw a progressive step being taken towards reaching the 2030 Sustainable Development Goals (SDGs) with the inking of a strategic Public Private Partnership (PPP) agreement between FMCG giant Unilever Sri Lanka, the United Nations Development Program (UNDP) and the United Nations Global Compact (UNCG).

Dr. Dan Seevaratnam reflects on a legacy of social empowerment through oil palm

In recounting the history of the Sri Lankan plantation industry, there are numerous examples of industry veterans whose work made vital and lasting positive contributions to the industry and the people whose lives are directly and indirectly connected to the plantation sector. Prominent among such contemporary planters is the locally and internationally renowned Dr. Dan Seevaratnam. 

Home Lands acquires Field View Hotel Athurugiriya for Rs.325mn

The company invested Rs.325 million to acquire the hotel.  Nestled in Tropical Greenery with serene environment, Field View Holiday Resort Hotel was known for its eco-friendly cottages. With this acquisition Home Lands Skyline, a flagship entities of Home Lands Group, expects to create a dream housing project to broaden the concept that has already been there to experience a 

First EU GSP business guide for Lankan exporters published

Titled the ‘EU GSP+ Business Guide for Sri Lankan Exporters’ manual is produced by Geneva’s International Trade Centre (ITC) in collaboration with the Government of Sri Lanka and funded by the EU, and is now available online.