CB seen holding key rates steady ahead of budget: poll

REUTERS: The Central Bank is expected to keep its key interest rates steady tomorrow to support the sluggish economy despite a pick-up in inflation amid strong credit growth, a Reuters poll showed. All 11 economists in the survey predicted the Central Bank would keep its standing deposit facility rate (SDFR) and standing lending facility rate (SLFR) unchanged at 7.25 percent and 8.75 percent, respectively.

Stricter visa controls needed to evade anti-globalization impact: Former envoy

As the anti-globalization movement continues internationally, Sri Lanka must form stricter controls on immigration, and communicate this to the public to avoid further local unrest, according to Former Sri Lankan Diplomat Sarala Fernando.

Rainco pays tribute to Teachers

A heart touching video titled Guru Panduru was shared extensively on social media recently. Inspired by a true story, the video was conceptualized by Rainco as a tribute to Teachers to coincide 

Hatch - Transforming Sri Lanka’s collaborative work space

Sri Lankan start-up incubation and acceleration platform, Hatch, announced plans for the launch of the island’s single largest co-working office space designed exclusively for start-ups to collaborate,

Joint effort to promote sports tourism in Sri Lanka

The Tourism Development & Christian Religious Affairs Ministry and the Sports Ministry recently announced their plans to promote ‘sports tourism’ in Sri Lanka through a series of sports events which will kick off early November anchoring Sri Lanka as the hub for international sporting events and luring tourists. 

Dialog joins Eureka to offer world-class information security and IT audits

In an increasingly technology driven and futuristic world, there is a growing need for businesses to invest in seamless and secure  IT services. 

SLPA to host 19th Conference on International Network of Affiliated Ports

The 19th conference on International Network of Affiliated Ports (INAP) will be held on 07th and 08th November at the Kingsbury Hotel Colombo.  

CityNet Congress 2017 begins today

The CityNet Congress 2017 will be held from November 6th to 8th   at the Colombo Hilton. CityNet is the largest association of urban stakeholders committed to sustainable development in the Asia Pacific region. Established in 1987 with the support of UNESCAP, UNDP and UN-Habitat, the Network of cities has grown to include 135 municipalities, NGOs, private companies and research centres. 

Two latest Kenton bicycles introduced to Lankan market 

Faizal Hardware Stores, a leading Sri Lankan marketer of bicycles with over 30 years of history has introduced two new models under their flagship  brand ‘Kenton’.

Carmart delivers Sinotruk port tractors to Hambantota Port

Carmart (Pvt) Ltd has successfully delivered new Sinotruk port tractors to the Sri Lanka Ports Authority (SLPA). 

Special discount on Kangaroo Cabs for Vardhana Virtual Wallet users

Kangaroo Cabs is the latest merchant to sign up with DFCC Bank PLC to join its Vardhana Virtual Wallet (VVW) merchant network which connects over 10,000 customers and 800 merchants, demonstrating the rising demand for this innovative product. 

SR Metals receives NCE Silver Award

SR Metals is one of the leading copper and aluminum manufacturers in Sri Lanka was recently bestowed Silver Award in industrial sector, heavy engineered products sub sector, large category at NCE Export Awards – 2017 ceremony organized by the National Chamber  of Exporters.

Ansell launches rainforest conservation carbon insetting initiative

Ansell, a global leader in protection solutions and the largest manufacturer of personal protective equipment in Sri Lanka, recently marked a major milestone in sustainable manufacturing and environmental stewardship. 

Singer Life Style exhibition to begin on November 24th

Placed as the best brand of the country for the 11th consecutive year Singer Sri Lanka presents the Life Style Exhibition and Fun Fair 2017, a most prominent event of Sri Lanka to be held for the 7th consecutive year at the BMICH from 24th to 26th November from 10 am to 9pm.

Leo Burnett’s Murtaza Tajbhoy the first Sri Lankan to win IAA Champion Award

Murtaza Tajbhoy, Chief Strategy Officer of Leo Burnett Sri Lanka was awarded the IAA Champion award. He is the first Sri Lankan to win this prestigious accolade.    

Special discount on Kangaroo Cabs for Vardhana Virtual Wallet users

Kangaroo Cabs is the latest merchant to sign up with DFCC Bank PLC to join its Vardhana Virtual Wallet (VVW) merchant network which connects over 10,000 customers and 800 merchants, 

Fouzul Hameed to present exclusive Envoy Concept 2018

Hameedia, Sri Lanka’s leading menswear specialist will soon present the fifth edition of its annual fashion showcase – Envoy Concept 2018. This year, the show will run under the theme ‘ CurioCity’,  

Mitigating impact of natural disasters as important as managing fiscal front, debt: World Bank

While managing the risks related to fiscal and trade policy reforms, public debt and contingent liabilities, the World Bank yesterday insisted that Sri Lanka should also focus on mitigating the impact from natural disasters, which have become more frequent with climate change.  

FTA with China not an economic agreement: economist

The Free Trade Agreement (FTA) between China and Sri Lanka under negotiation is not economically motivated, and therefore Sri Lanka should get major concessions during the first ten years of the agreement, a top economist opined this week.  

Bairaha Farms September quarter hampered by poor chicken demand

The top line at Bairaha Farms PLC fell during the September quarter over the sluggish demand for chicken meat and the profits halved as the expenses took toll while the contribution from the group joint venture firms turned negative. 

JKH September performance reflects difficult economy

The September quarter (2Q18) financial performance of John Keells Holdings PLC (JKH), the most valued conglomerate in the country, largely reflected the difficult economic conditions its diverse businesses were facing, in an extremely challenging environment.  

Stock hold steady; budget, policy rate decision in focus

REUTERS: Sri Lankan shares closed steady yesterday ahead of a long weekend, with investors awaiting the national budget presentation and the Central Bank’s policy rate decision.

Hayleys group’s holding in Singer Sri Lanka expands

The mandatory offer announced by Hayleys PLC to purchase the remaining shares of Singer Sri Lanka PLC closed this week with 21.08 percent Singer Sri Lanka shareholders accepting the offer despite the independent advisors recommending the shareholders to reject the offer.

Maggi partners International Pepper Conference

Maggi recently partnered the 45th International Pepper Conference as Silver sponsor, as part of its commitment to use popular Sri Lankan spices in its products to naturally enhance flavour and encourage the use of spices in home cooking. 

Navin visits WATEC exhibition in Israel

Plantation Industries Minister Navin Dissanayake visited the WATEC exhibition in Israel.

National Chamber to hold seminar on Central Bank and business potential

A very informative seminar on how the Central Bank could help the business community and the business potential will be addressed by the senior officials of the Central Bank of Sri Lanka on Thursday, November 23, 2017, from 9:00 a.m. to 12:30 p.m., at the chamber auditorium, No: 450, D R Wijewardene Mawatha, Colombo 7. 

Five Sri Lankan QC teams achieve Gold at ICQCC in Manila

Five Sri Lankan Quality Circle teams representing four organizations have won Gold awards for their case study presentations during the International Convention of Quality Control Circles (ICQCC) held in Manila, Philippines on 25th and 26th October.

‘Singer Soopa Shasthra’ home science education programme concludes third phase

Singer Sri Lanka PLC successfully completed the third phase of the ‘Singer Soopa Shasthra’ programme jointly with the Education Ministry to boost the standard of home science education in schools across the country while also paving the way for school leavers to step into a career in the fast-growing hospitality industry.

People’s Bank Arts Circle cultivates the habit of reading

The book exhibition and fair to celebrate October, the month of reading was recently held at the third floor of People’s Bank Head Office.

Climate change-fuelled drought drives Sri Lanka’s farmers to cities

Thomson Reuters Foundation: When Siri Hettige, a sociology professor at the Colombo University, conducts surveys of young people across Sri Lanka, he never fails to ask one key question: Does anybody want to become a farmer?