Blue Mountain Apartments breaks ground for ‘Avalon’ in Colombo 5

Blue Mountain Apartments recently held the ground-breaking ceremony to commence construction of ‘Avalon’, an affordable luxury apartment complex with 18 units, located in Somadevi Place, Colombo

‘Suncity@116’ – The pride of Moratuwa

A prominent presence in the construction industry for over two decades, Suncity Property Developers proudly launches ‘Suncity@116’, a luxury apartment project in Moratuwa at 116, Rawatawatta Road

Govt. to sneak in capital gains tax under new Inland Revenue Bill

The highly controversial capital gains tax, which was put on the back burner for little over a year, is now making a comeback as part of the new Inland Revenue Bill, as the cash-strapped coalition regime, burdened with massive debts, attempts to shore up its revenues.   

Rupee edges down on importer dollar demand

REUTERS: The Sri Lankan rupee ended weaker yesterday as late importer dollar demand surpassed sales of the greenback by exporters and banks earlier in the session, dealers said.

Shares slip from 18-month high; John Keells drags

REUTERS: Sri Lankan stocks ended slightly weaker yesterday, down from an 18-month high hit in the previous session, as investors sold blue chip shares such as John Keells Holdings PLC, brokers said. Analysts said concerns over a proposed tax bill weighed on overall investor sentiment. But foreign investors continued to snap up the island nation’s risky assets.

Another minister dumbfounded by SL’s peculiar booze laws

Hot on the heels of Finance and Media Minister Mangala Samaraweera calling for the restrictions on the sale of alcohol on certain days to be liberalized, Finance State Minister Eran Wickramaratne said he was stunned to find out that women cannot legally purchase liquor in Sri Lanka. 

Tea Board Chairman slams unwieldy govt. bureaucracy for sad state of affairs

Suffocating government bureaucracies and processes were lambasted by the Sri Lanka Tea Board Chairman, drawing an equally emotional response from the Finance State Minister at the Colombo Tea Traders’ Association (CTTA) annual general meeting held last week.

Auto agents say will continue to lobby govt. over short-sighted, discriminatory policies

The Ceylon Motor Traders’ Association (CMTA) said that it would continue to lobby the government with regard to the discriminatory, short-sighted and ad hoc policy changes, which keep on hurting the country’s legitimate auto industry. 

What decides how rich you are?

Everyone needs to earn money to lead a happy life, getting their needs and wants fulfilled. Therefore, no one can live without money. They either earn or depend on someone who earns money. People are allowed to earn and gather wealth aplenty, as per their religion and the law in the country. 

Ceylinco Life policyholders treated to Singapore tour with families

The ‘holiday season’ continues for the policyholders of Ceylinco Life, with another batch of 50 policyholders and their families being accorded a three-day, all-expenses-paid visit to Singapore, under the life insurance leader’s ‘Family Savari’ mega promotion.

Asia’s equity market has further room to run

Equity markets in Asia ex-Japan have had their best start to the year since 2009, rising almost 20 percent in US dollar terms. China and Korea – our preferred markets – have led the pack, posting gains of 25 percent and 21 percent, respectively. 

Economic Summit to discuss importance of ‘walking the talk’ to realize greener growth path

The importance of Sri Lankan businesses aligning its growth plans with greener practices to help develop a ‘sustainable era,’ will be discussed intensely at the upcoming Sri Lanka Economic Summit 2017.

Bank of Ceylon clinches Gold at LankaPay Technovation Awards

Sri Lanka’s first and only payment technology innovation awards- Lanka pay Technnovation Awards 2017, awarded the Bank of Ceylon as the overall Gold winner for ‘Excellence in Interbank payments’ after being selected as No.1 for the highest number of awards, overall year on year revenue growth of all clearing products in rupee terms, total number of products connected to the Lankapay network, honouring the financial commitments o

Tunisian envoy discusses bilateral issues with National Chamber

Nejmeddine Lakhal, Ambassador of the Republic of Tunisia based in New Delhi with the President of the National Chamber, Sujeeve Samaraweera, at the Chamber 

Kanrich Finance ads Nuwara Eliya branch to network

Kanrich Finance Ltd with its history spanning over 45 years has been loyally serving its clientele offering unique and trusted financial solutions. 

CEB’s Least Cost Long-Term Generation Plan 2018-2037 faces public scrutiny

In line with the duty of developing and maintaining  an “efficient, coordinated and economical system of electricity supply for the whole of Sri Lanka”, the Ceylon Electricity Board (CEB) has submitted its Least Cost Long-Term Generation Expansion Plan 2018-2037 (LTGEP) for the approval of the Public Utilities Commission of Sri Lanka (PUCSL). 

Protest against new revenue bill

A protest organised by the Inland Revenue Trade Join Front was held yesterday in front of the department premises against the new Inland Revenue Bill. 

Maliban celebrates 150 years of Ceylon Tea around the world

The biscuit manufacturer with a heritage of over 65 years joined hands with The Ceylon Tea Board in celebrating 150 year anniversary worldwide. 

Verité Research works with regional businesses to address policy issues

Verité Research is a private interdisciplinary think tank engaging in strategic analysis and policy reform. 

NDB Securities forecasts slow but steady growth for banking sector

Pioneer stock-broking and equity research firm NDB Securities Ltd (NDBS) published an update on the outlook of the banking sector along with an analysis on nine listed licensed commercial banks.

ComBank receives ‘Best Bank in Sri Lanka’ award from FinanceAsia

The Commercial Bank of Ceylon was represented by its Chief Operating Officer/Executive Director S. Renganathan at the FinanceAsia Country Awards in Hong Kong, at which the bank received the award for the Best Bank in Sri Lanka for the seventh time. 

Electronic Device Ban Fully Lifted On Flights From Abu Dhabi To The United States

“We welcome the decision by the US Department of Homeland Security to lift the electronic devices ban on flights between Abu Dhabi and the United States, following the successful validation

Cooking made easy – get 3 scrumptious curries from a single pack of Sera coconut milk

Though there are many distinct features of Sri Lankan cuisine that set it apart from culinary styles across the world, the one, surefire ingredient that adds an authentic

99X Technology becomes first Lankan IT company to enter ‘GPTW Hall of Fame’

99X Technology stole the show at the Great Place To Work awards ceremony this year, held on June 28th at Cinnamon Grand Colombo, when it was felicitated with five awards, and was among the first companies in the country to be inducted into the Great Place To Work Hall of Fame as a result of being ranked among Sri Lanka’s best workplaces for five consecutive years.

ESOFT Metro Campus signs MoU with CSSL for NITC 2017

ESOFT Metro Campus, the private sector higher education network signed a Memorandum of Understanding (MoU) with the Computer Society of Sri Lanka (CSSL) recently regarding the upcoming National IT Conference (NITC) 2017 which will be held under the theme ‘Towards Digital Prosperity’.

Grade 5 Mobile App released for students sitting for Grade 5 Scholarship Exam

Grade 5 Mobile App is released for students who are planning to sit for Grade 5 Scholarship Exam.   A very special online (internet) product is being launched to improve the knowledge of the students who are planning to sit for the Scholarship Exam there 

zMessenger sweeps SLT ZeroOne Digital Excellence Awards

zMessenger, the multiple-award winning full service digital marketing agency in Sri Lanka, bagged four wins at the Sri Lanka Telecom (SLT) ZeroOne Awards recently, thereby highlighting the stellar performance of the agency’s most innovative solutions.

LankaClear-JCBI partner to establish National Card Scheme in Sri Lanka

LankaClear (Private) Limited (LankaClear), an organisation incorporated in 2002 and owned by the Central Bank of Sri Lanka (CBSL) and all licensed commercial banks operating in Sri Lanka, and JCB International Co., Ltd (JCBI), the international operations subsidiary of JCB Co., Ltd (JCB), announced 

CA Sri Lanka’s BSc in Applied Accounting Degree marks highest ever intake in 2017

The BSc. Applied Accounting Degree offered by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), which has gained much respect and popularity amongst students and employers within a short span of time, recorded the highest ever intake this year, with over 500 students including foreign students following the specialised degree.

NDB wins ‘Best SME Bank Sri Lanka’ at Global Finance Review 2017

As a result of NDB’s strides to make meaningful change to the small and medium enterprises (SMEs) industry, the bank was felicitated with an award as ‘Best SME Bank Sri Lanka’ by Global Banking and Finance Review 2017.  NDB Director/CEO Dimantha Seneviratne said, “We are indeed humbled by