Green Herbal Products wins MASSCO Business Award

In recognition of the service towards the upliftment of herbal products in Sri Lanka, Green Herbal Products was awarded a special MASSCO award 2017 held at Hotel Ramada Colombo recently.

International Chamber of Commerce Sri Lanka to hold 51st AGM this week

The International Chamber of Commerce Sri Lanka (ICCSL) which celebrates its 62 years anniversary this year will hold its 51st Annual General Meeting and the anniversary celebrations at the Hotel Galadari, Colombo on September 29.  

Alpha Industries extend support as Gold Sponsor for ‘Office 2017’

Alpha Industries, a leading security solution (physical storage) provider and furniture manufactures in Sri Lanka recently joined hands with ‘Office 2017’, an exclusive exhibition showcasing workplace solutions, as the Gold sponsors for the mega event. 

Litro Gas Lanka partners Chefs Guild to power culinary expo

Litro Gas Lanka, the largest importer and supplier of LP Gas in Sri Lanka partnered the Chefs Guild of Lanka for the 10th consecutive year to sponsor the 17th edition of the country’s biggest culinary food exhibition and trade show, ‘Culinary Art Food Expo 2017’ (CAFÉ2017). 

Sanjeev and Kumar back with ‘The Smart Professional’

Sanjeev Jayaratnam and Kumar de Silva are back once again with their signature motivational, skills development, and corporate etiquette workshops – The Smart Professional

Urban Trendz: Quality and affordability in one-stop-shop

Positively noted as a happening shoppers’ paradise, Urban Trendz is a multi-brand retail store having such a super assortment of exclusive fashion brands as United Colors of Benetton, AND, Global Desi, Allen Solly, Van Heusen, V.Dot, John Miller,

Ankara welcomes SLAITO tour groups

Ankara, the authentic Turkish restaurant in Colombo recently celebrated its sixth month in operation.  Since its inception earlier this year in February, Ankara has become a favourite dine-in restaurant for the city dwellers as well as many tourists from around the world. The restaurant known for its 

Cathy Rich marks 25 years of food processing technology leadership in Sri Lanka

Sri Lanka’s pioneer in food processing technology Cathy Rich marked the completion of 25 years in Sri Lanka. 

Doubling down on GVC-linked FDI

  ]Asia and the Pacific has long been the world’s top destination for foreign direct investment (FDI), propelled by increasing trade and investment openness in the region. From 2001 to 2016, Asia’s share of global FDI increased from 12 percent to 28 percent.

Mission accomplished? OPEC banishes contango

“There is no doubt that the oil market is moving in the right direction,” the Organisation of the Petroleum Exporting Countries noted with satisfaction in its most recent bulletin published  on Wednesday.

Twenty years on: Asian crisis and regional financial arrangements

Proposals for an Asian Monetary Fund (AMF) dominated corridor conversations at the 1997 International Monetary Fund (IMF)–World Bank annual meetings in Hong Kong. The Asian financial crisis had erupted a few months earlier and was engulfing the region.

Dr. Ganeshan Wignaraja to deliver keynote at CILT International Conference 2017

Eminent scholar and economist Dr. Ganeshan Wignaraja is slated to deliver the keynote address at the Chartered Institute of Logistics and Transport (CILT) Sri Lanka ‘International Conference - 2017’ to be held on 3rd October at the Balmoral Hall of The Kingsbury Hotel, Colombo.

CB releases ‘Sri Lanka Socio-Economic Data – 2017’ publication

‘Sri Lanka Socio-Economic Data – 2017’, the annually published data folder of the Central Bank of Sri Lanka, is now available for public information. The current data folder is the 40th volume of the series. This easy-to-carry data folder contains information on country p

Abbotsleigh Estate achieves all-time record price

At the tea auction held on 20th September, an invoice of PF1 from Abbotsleigh Estate, Watawala selling under the Florence Mark secured an all-time Colombo tea auction record price of Rs.710/- per kilogram in the CTC High Grown Category.

GOPIO SL to host career development programme for A/L students

The Sri Lankan chapter of Global Organization for Persons of Indian Origin (GOPIO) SL organized a career development seminar today.

Perfect Business Solution wins Gold at CNCI Awards 2017

Perfect Business Solution Services (PBSS) grabs another Gold award as the best service company in the national level at CNCI Awards 2017 held recently at Galadari Hotel Colombo.

UK banks to check immigration status from January: govt

AFP:  UK banks will start carrying out immigration checks on all account holders from January, part of a crackdown on those in the country illegally, the government said this week.

Asia markets down and dollar weaker, North Korea back in view

AFP: Asian markets turned lower yesterday as investors cashed in at the end of a mostly positive week while the dollar weakened against its main peers with analysts questioning the chances of a third US interest rate hike this year.

S&P lowers Hong Kong credit rating following China cut

AFP: Standard & Poor’s yesterday slashed Hong Kong’s top-notch credit rating, a day after lowering China’s, warning of potential spillover risks the mainland’s ballooning debt pile.

Swedish telecom firm Telia to pay corruption fine of nearly US$1 bn

AFP: Swedish telecom firm Telia will pay fines of nearly US$1 billion to settle a bribery case brought by US, Swedish and Dutch authorities, the US Justice Department announced Thursday.

World Bank commends GoSL on positive social indicators

Executive Director of the World Bank for the constituency of India, Bangladesh, Bhutan and Sri Lanka, S. Aparna, together with the World Bank’s Country Director for Sri Lanka and the Maldives, Idah Z. Pswarayi-Riddihough, called on the Minister of Finance and Media Mangala Samaraweera this week at the Finance Ministry. 

Regional consultations for National Export Strategy in Galle

Regional Consultations as part of the design of Sri Lanka’s National Export Strategy (NES) took place in Galle yesterday.

CB seen holding policy steady to support economy

Sri Lanka’s Central Bank is expected to keep its key interest rates steady on Tuesday, a Reuters poll showed, to support a stuttering economy even as inflation accelerates amid strong credit growth.

CIMA Global President meets Prime Minister

David Stanford - CIMA Global President met with Prime Minister Wickremasinghe at Temple Trees to discuss potential opportunities for CIMA to work with the government to build a skilled workforce and financial literacy in the country. Venkkat Ramanan - 

Difficult NAFTA round three set to start in Canada

AFP: The third round of talks on revamping NAFTA, which start today in Ottawa, are expected to be punishing as diplomatic tensions mount.

Budget airlines to drive plane demand in next 20 years: Boeing

AFP:  Smaller planes will dominate aviation orders worldwide in the next 20 years, driven by the needs of budget airlines in emerging markets like Southeast Asia, Boeing said yesterday.

Mahogany Masterpieces opens new showroom

Instilling unbridled passion into the craft of producing timelessly stunning works of art destined to add unique style to any interior space, Mahogany Masterpieces expands its presence with the opening of its brand-new store at No 87, Dickmans Road Colombo 5.

Hameedia’s ‘What’s Your Fit’ campaign continues educating fashion-conscious gentlemen

Hameedia, Sri Lanka’s premier men’s wear specialist renowned for quality and style, recently introduced ‘What’s Your Fit?’ campaign at the beginning of August to extend its fashion expertise to its loyal customers. 

Russia keen on more OPEC cooperation

AFP: Russia’s energy minister said yesterday that he was in favour of continuing cooperation with the OPEC oil cartel as their joint accord to cap output bears fruit in boosting the price of crude. “We should keep the pace and definitely moreover follow through on the concerted action,” Alexander Novak said at the start of a meeting of oil-producing countries in Vienna.

Ten Sri Lankan youth will attend the prestigious Spikes Asia Festival of Creativity

Eight outstanding young professionals from Sri Lanka’s advertising industry and two students have been selected to represent the country at the annual Young Spikes 2017 & Cheil Young Creative