Floating umbrellas of Portugal at The Factory Outlet

Ever wanted to go to Portugal? Come over to The Factory Outlet in Havelock and witness a glimpse of the Portugal culture. 

CIM Sri Lanka networking event hits high note with eminent musicians

CIM Sri Lanka hosted its first networking event for 2017, titled ‘Evolution of Music in Sri Lanka’ recently at the CIM Office, in Colombo.

SLTC welcomes new students at inauguration ceremony

The Sri Lanka Technological Campus (SLTC) held an inauguration ceremony earlier this week to welcome the new students.

Exchanging scrapped notes

An Indian woman reads a notice board as she stands in a queue outside the Reserve Bank of India (RBI) to exchange old 500 and 1000 currency notes in Mumbai on yesterday. 

Is Asia’s growth independent of the West?

Asia’s integration has been reshaping the global economic landscape. The emerging economies in the East and Southeast Asia (grouped together as emerging East Asia) now account for about 25 percent of total global trade and 21 percent of global gross domestic product (GDP), compared with about 10 percent and 5.8 percent, respectively, in 1985. Is this formidable growth of integrated Asia now independent of growth rates in major developed eco

Dealing with sovereign debt—The IMF perspective

Debt is central to the functioning of a modern economy. Firms can use it to finance investments in future productivity. Households can use it to finance lumpy purchases, such as big consumer 

Grant Group joins Dentsu Aegis Network for next phase of growth

Dentsu Aegis Network yesterday announced the acquisition of a majority stake in the Grant Group, the largest independent creative agency and the pioneer of advertising in Sri Lanka. 

‘Women Icons’ Singapore honour for Indrani Fernando

The inaugural edition of the Women Icons Summit & Awards, a premier platform that celebrates and honours the accomplishments and contributions of women who have excelled in different spheres of life, was held amidst great fanfare at the Raffles Town Club recently.

TBWA\Sri Lanka – only Lankan agency to clinch metal at Adfest 2017

Competing against 3,011 entries across 18 award categories at Adfest 2017, TBWA\Sri Lanka brought glory to the country by being the only Sri Lankan agency to clinch a metal at the recently concluded awards presentation.

Hemas hosts Women’s Educational and Economic Empowerment Forum

Hemas Holdings PLC hosted a forum on Women’s Educational Empowerment and Economic Opportunity yesterday with a keynote delivered by Krishanti Vignarajah, the Sri Lankan-American Senior Advisor to the Asian University for Women (AUW), Bangladesh – a regional university supporting women’s empowerment – and former Policy Director to the Office of First Lady Michelle Obama. 

Why next generation of young women must look for better role models than Kylie Jenner

Keeping up with the Kardashians unleashed upon the world not just the success and impact of reality TV - it also brought several spin-offs,

Macbertan rewards long service employees at 20th year celebrations

Macbertan (Private) Limited marked its 20th milestone in company history by recognizing long service employees at an awards ceremony held recently at hotel Palm Village. It was a function filled with glamour, where long Service Employees were rewarded for their contribution to the company.  Long standing customers of Macbertan, some of whom had been doing Business with the company from the inception were also recognized. 

Dinapala Group holds annual dealers’ convention

Dinapala Group of Companies, a leading name in the field of business in this country is a commercial organization established in 1956 in Kandy. 

Cinnamon Grand felicitates associates at service awards 2016

Cinnamon Grand held its annual service awards to acknowledge and reward the long-term commitment of hotel’s associates at the Oak Room recently. 

PickMe creates right work culture for young and dynamic

PickMe, Sri Lanka’s home grown technology based taxi hailing service is well into its second successful year of operations.  

Government to build national consensus for PPPs: minister

The government is hoping to build a national consensus for the role of public-private partnerships (PPPs) in revamping state-owned enterprises (SOEs), Public Enterprise Development Minister Kabir Hashim said this week.

Top economist advocates homegrown monetary and fiscal policy for Sri Lanka

An outspoken economist yesterday advised Sri Lanka’s Central Bankers and politicians to adopt a more or less a homegrown monetary and fiscal policy instead of following mythical monetarism and free markets.

Shashi Tharoor to speak at PM’s biography launch

Compelling and eloquent speaker and award-winning author Dr. Shashi Tharoor, a former Under-Secretary-General at the United Nations (UN) will be in Colombo next week for the launch of Prime Minister Ranil Wickremesinghe’s biography authored by Dinesh Weerakkody  The book will be launched at the BMICH. 

CEB refuses to pay interest on customer security deposits

The Ceylon Electricity Board (CEB) is currently refusing to pay interest on Rs. 10 billion in customer security deposits that have been made when opening new connections, until the state-owned entity returns to a financially viable status or better terms are negotiated, Mirror Business learns. Multiple sources have revealed to Mirror Business that CEB has refused to pay interest due to its current loss making status.

Govt. postpones SVAT abolition

Sri Lanka’s premier trade chamber, Chamber of Commerce, yesterday welcomed the decision by the Finance Ministry to postpone the abolition of Simplified Value Added Tax (SVAT) system that was due to come into effect  on April 1.

Rupee edges up on exporter dollar sales; stocks rise

REUTERS:  The Sri Lankan rupee firmed up yesterday, led by exporter dollar sales and inward remittances but demand from importers for the U.S. currency weighed on sentiment,  dealers said.

Lake House Printers and India’s Manipal Technologies launch digital banking solution

India’s Manipal Technologies Limited (MTL) in association with Sri Lanka’s Lake House Printers and Publishers PLC (LHPP) yesterday launched a cutting-edge digital banking solution to cater to the growing needs of the Lankan banks and their customers.

Sunshine Holdings celebrates 50 years of responsible entrepreneurism

Sunshine Holdings PLC is celebrating its 50th anniversary. 

ACL Cables sponsors ‘Best Performer Award’ for Electronic Engineering at SLIIT Convocation

Sri Lanka’s top cable manufacturer, ACL Cables sponsored the ‘Best Performer Award’ for the BSc. Engineering Honours Degree for Electric and Electronic Engineering at the recent SLIIT Convocation.

Experience ‘Little England’ with Cocoon

Widely known for its production of tea and the chilly climate, the city of Nuwara Eliya has certainly secured a special place in the hearts of many local and international tourists.

Watawala signs as Gold sponsor for Colombo International Tea Convention

Coinciding with celebrations for the 150th anniversary of Ceylon Tea, the Watawala Family of companies stepped forward as Gold Sponsor to the Colombo International Tea Convention 2017.  Organized by the Colombo Tea Traders’ Association (CTTA), the Sri Lankan tea industry’s apex body, the Colombo International Tea Convention will take place at the Cinnamon Grand hotel on 7th and 8th August. 

Softlogic enlivens Ja-Ela with Burger King and Softlogic Max

A new dimensional shopping experience came to life in Ja-Ela this week when two of the Softlogic Group’s retail operations -- Burger King and Softlogic Max -- joined forces in a single-location with a simultaneous opening in this suburban enclave.

Join the line of donors to save thousands of beautiful Little Hearts

The unfortunate reality is that every year 3000 children are born with Congenital Heart Disease (CHD) in Sri Lanka. Deepening the lament is the fact that each day is a battle between life and death for 

“EIB Considers DFCC Bank A Preferred Partner” Says Andrew Mcdowell, Vice President, European Invest

DFCC Bank recently hosted an European Investment Bank (EIB) delegation to an exclusive event to honour its mutual longstanding and fruitful association with EIB for the last 15 years. The EIB

FAO and Forest Department mark International Day of Forests

The International Day of Forests (IDF) is celebrated globally on 21st March each year as a platform to raise awareness of the importance of all types of forests and of trees outside forests for the benefit of current and future generations.