Kelsey Homes’ Riverside-Bollegala an ideal property to build your dream home

Kelsey Homes (Pvt) Ltd announces the launch of ‘Riverside – Bollegala’, a gated property within minutes of Kelaniya and Biyagama towns. 

Sri Lanka’s trade deficit widens as exports continue to falter

Sri Lanka’s trade deficit for November 2016 widened 47.2 percent Year-on-Year (YoY) to US$ 922.4 million due to higher imports expenditure amid a decline in exports, the data released by the country’s Central Bank showed. 

SL invited to address top finance forum

Sri Lanka has been invited to deliver the keynote address at the fourth High-Level Dialogue on Financing for Development in Asia and the Pacific, a Finance Ministry statement said.

Colombo City Centre mall to open ahead of schedule: official

The mall at the Colombo City Centre (CCC) mixed development project will be opened ahead of schedule for the December 2017 festive season, the Abans Group, one of the joint venture partners of the project, said.

HNB saga takes new twist; Harry J wants Dinesh as director

Business tycoon Harry Jayawardena appears to be pushing for the appointment of ex-Commercial Bank Chairman Dinesh Weerakkody to the board of Sri Lanka’s second largest private bank, Hatton National Bank PLC (HNB), amid a legal battle to bring in a new overseas investor that has requested rights for a vacant director seat.

Office space developer RIL Property’s Rs.960mn IPO gets CSE nod

RIL Property Limited (RIL), a developer, owner and operator of commercial office space in Colombo received in-principle approval from the Colombo Stock Exchange for a listing of its ordinary voting shares through an initial public offering (IPO).  RIL intends to offer 120 million ordinary voting shares to the public priced at Rs.8 per share to raise Rs. 960 million.  The funds raised through the IPO will be utilised to expand the busine

Hidden-hand blocking Sri Lanka’s anti-dumping law?

Despite numerous assurances given that a new Bill would be passed to protect the domestic produce from cheaper imports by the beginning of this year, a powerful hand in the coalition regime appears to be blocking the passage of the law, Mirror Business learns. 

Holi enthusiasm grips Colombo

The colourful Indian festival Holi was celebrated at the Paradise Beach Hotel in Mount Lavinia yesterday. The colourful event, which was organized by the ‘Colombo Indians’ drew a large crowd

SLIM-ESF features business tycoon S.R. Gnanam

The latest SLIM Experience Sharing Forum (ESF) was held recently at The Kingsbury Hotel featuring St. Anthony’s Group Managing Director S.R. Gnanam as the guest speaker. 

K. Sivagananathan Memorial Oration and Awards tomorrow

The 15th Annual K. Sivagananathan Memorial Trust (KSMT) Awards will be held tomorrow. 

Indonesian Vice Minister visits Business Council

A. M. Fachir, Vice Minister for Foreign Affairs of the Republic of Indonesia visited Sri Lanka recently during which time he met with the executive Committee of the Sri Lanka Indonesia Business Council along with other businessmen for a discussion

JICA helps communities resettle under new Kelani bridge construction project

Sedawatta and Wadullawatta communities live at the edge of the Kelani river virtually under the bridge at Peliyagoda. For many these communities may be merely an eyesore. And many forget that those living under the bridge are also residents of Colombo, with rights, hopes, dreams and aspirations as those going on the bridge.

BT Group agrees to separate broadband unit

AFP -  British telecoms giant BT Group has agreed to legally separate its broadband unit Openreach to remedy concerns over competition in the sector, the company announced yesterday.

Rupee rises slightly in dull trade; stocks down

REUTERS: The Sri Lankan rupee rose slightly yesterday in dull trade as exporter dollar sales surpassed the importer greenback sales a day after Central Bank’s moral suasion curbed further decline, dealers said.

New US environment chief questions carbon link to global warming

AFP - The incoming head of the US Environmental Protection Agency said this week that carbon dioxide is not the main driver of global warming, a position starkly at odds with the scientific consensus on climate change.

US oil slides below US$50 as ECB ups growth forecast

AFP - Oil prices took a battering on Thursday, with US prices falling below US$50 a barrel for the first time this year, amid worries about increased American shale production in the wake of ramped-up capital investment.

Royal Lanka Agencies opens GMT watch store at Majestic City

With the launch of GMT, an all-new wristwatch store catering to the fashion-conscious urbanites of Colombo and the suburbs, Royal Lanka Agencies (Private) Limited, an already well-established merchandizing entity, further enhanced its market position amongst Sri Lanka’s retail shopper.

Mother Sri Lanka salutes talented ladies this Women’s Day

Mother Sri Lanka’s (MSL) Patriot collection holds a unique story in each of its items; the lust for creativity and the talent revealed by small and medium entrepreneurs have resulted in the creation of beautiful hand crafted items. 

CIM Sri Lanka sets stage for first 2017 networking event

The Chartered Institute of Marketing Sri Lanka (CIM Sri Lanka) will be hosting its first networking event for this year titled ‘Evolution of Music in Sri Lanka’ on March 17, 2017, at the CIM office, No: 20, Deal Place A, Colombo 3, at 6:00 p.m.

NDB Capital Scholarship Trust conducts public speaking training for scholarship students

NDB Capital Scholarship Trust of NDB Capital Holdings Limited (NCAP) is different from other scholarship schemes which provide financial support for university students. Whilst granting financial assistance throughout the university studies, the Trust also supports to produce graduates who are more likely to succeed in the workforce and more appropriately skilled for gainful employment through its career counselling, internships, leadership and o

Women’s Day celebrated with Sari Connection’s Jaffna, Mullaitivu seamstresses

On Saturday, March 4, an event was held at the Barefoot Gallery Colombo to mark the International Women’s Day and showcase the Sari Connection project and its unique products with seamstresses from Jaffna and Mullaitivu.

Germany promises continued support for tourism development

Sri Lanka is targeting 150,000 German tourists this year. This was revealed during a meeting between Tourism Development Minister John Amaratunga and the Federal Minister for Economic Affairs and Energy, Brigitte Zypries on the sidelines of the ongoing ITB in Berlin this week. Zypries is also the Minister of Tourism in Germany. 

Eser Marketing MD launches two books on keeping fit

Eser Marketing Managing Director Harindra Eladetta launched two books authored by him recently. The book in Sinhala is titled ‘Wyayama Awashyada?’ and the book In English is titled ‘Fitness of Human Being’. 

The Marina turns Bolgoda Lake into water sports lovers’ relaxation heaven

The Marina, an exclusive member club built overlooking the calm and tranquil Bolgoda Lake, is the ideal getaway to enjoy a fun-filled, adventurous day or be at peace of mind by indulging in an aura of relaxation. 

Asia markets tepid after another crude sell-off but Tokyo rallies

AFP - Japanese shares rallied yesterday as the dollar surged against the yen ahead of key US jobs data, while other Asian markets swung as energy firms were hit by another sharp sell-off in oil. With the Federal Reserve all but certain to hike US interest rates at a much-anticipated meeting next week the non-farm payrolls release later in the day will be pored over for clues on bank policymakers’ plans for the rest of the year.

Nawaloka Hospitals wins ACCA Sustainability Award

Nawaloka Hospitals PLC was awarded the top award in the General Services and Utilities category at the ACCA Sustainability Reporting Awards 2016, organised by the Association of Chartered Certified Accountants (ACCA) Sri Lanka. 

Story of Samaposha comes alive with real farming families

The story of Samaposha, the favourite breakfast cereal that kick starts the day for Sri Lanka’s children, is woven around the life of farmers who grow the nutritious grain that goes into producing the product. These farming outgrowers form the backbone of the unique Samaposha backward integration scheme that enriches the nation’s health and economy. 

Fairway Selected To Turn Waste Into Energy!

Given the rapidly escalating problems surrounding the management of municipal solid waste (MSW) especially in the Western Province, the Government has seen fit to adopt a “waste-to-energy”

A mega offer from Renault KWID for the Avurudu Season - 5 lease instalments free with free insurance

What if you had a considerable breathing space from the time you sign up for your vehicle lease until you actually pay? That would indeed be a fantastic option, given the financial burden

JIT creates reading corner for Vajira Sri Children’s Development Centre

Just In Time Group’s goal is to create reading corners in orphanages and rural schools for children who are lacking this much needed knowledge development resource.