FinMin pledges to implement all budget proposals on time

Finance Minister Ravi Karunanayake pledged that all the proposals incorporated in the budget 2017 

CA Sri Lanka, SAFA, WB and ADB deliberate on accrual accounting

As accrual accounting continued to gain ground, South Asia too has begun to extensively deliberate 

Softlogic Life wins Gold at LACP Spotlight Awards

Leading Insurer Softlogic Life PLC bagged a Gold award for its Annual Report 2015 at the 2016 

Sri Lanka wins ‘Best Destination of the Beaten Track’ at Conde Nast Awards

Sri Lanka Tourism was able to show its prestige and bag another award, titled the ‘Best Destination 

Delmege, Kenya Airways Cargo partners with SriLankan

Delmege Airline Services (Pvt) Ltd, Kenya Airways Cargo GSA for Sri Lanka and Maldives, recently 

CIMA to hold Launch Pad 2016 grand finale on Nov. 26

CIMA Launch Pad, an initiative of the CIMA Students’ Society, has grown to be a pivotal platform for 

Apparel exporters give thumbs up for budget 2017

The apparel sector, the country’s leading export industry, praised the 2017 budget for being progressive

Use core competence model to stay ahead of competition

The most powerful way to prevail in stiff competition is still invisible to many companies. Long time 

Twenty schools compete at first ever Colombo Aviation Quiz 2016

Ananda College Colombo won the inaugural Colombo Aviation Quiz 2016 from among 20 leading 

Singer Sri Lanka introduces Duo two-in-one laptop

Adding another product to its portfolio, Singer Sri Lanka introduced Singer Duo, a two-in-one laptop 

SLID ‘Brand in the boardroom’ event on Nov. 22

Continuing its Power evenings, the Sri Lanka Institute of Directors (SLID) will present ‘The brand in 

SAARC Chamber of Commerce and Industry and SAARC Development Fund sign MoU

SAARC Chamber of Commerce and Industry (SAARC CCI) President Suraj Vaidya signed a 

Qatar’s Hamad International Airport partners Audi to shuttle VIPs

Hamad International Airport (HIA) has welcomed the brand-new fleet of Audi luxury cars that will be 

Latest People’s Bank journal ‘Economic Review’ out now

Re-launched to an overwhelming response earlier this year, the People’s Bank publication brought out 

China Products Exhibition 2016 begins on Nov. 22

The stage is set for a spectacular display of China Products (Colombo Sri Lanka) Exhibition 2016, which will bring more than 120 quality exhibitors from China to Sri Lanka.

Oracle showcases innovative cloud offerings at Oracle Cloud Day

Oracle recently organized an Oracle Cloud Day in Sri Lanka to help its customers get insight from the industry experts as to how Oracle Cloud will enable them transform their businesses by building a 

Indo-SL fishery conflict: An impediment to sustainable development, traditional and human security

India and Sri Lanka are two neighbouring Indian Ocean states. A shallow and narrow strip of sea 

Korean Air posts record profit in 3Q16

Korean Air announced that the company posted its biggest quarterly profit in history, dispelling recent 

Emirates welcomes new generation A380 and Boeing 777 aircraft to fleet

Emirates has begun taking delivery of its new generation Airbus A380 and Boeing 777-300ER aircraft. 

Shifting to e-procurement could yield efficiency gains for govt: think tank

Implementing an easily accessible electronic procurement (e-procurement) platform for government procurements would save the government both time and money, and allow a level playing field when bidding for procurement opportunities, Verite Research said.

Govt. will revive crafts sector with new technology: PM

The Sri Lankan government is planning to introduce technological solutions for the country’s traditional crafts industry, it was revealed at the Shilpa Abhimani–2016 Presidential Awards and Handicrafts Exhibition inauguration. “It is time we bring in new technologies to this sector. Together with our Ministry of Telecommunication and Digital Infrastructure, we are planning to introduce new tech to Sri Lankan crafts sector,&rdquo

Turkey keen on Sri Lanka’s Megapolis

Turkey, which has one of the largest construction industries in the world, is interested in taking part in the Western Province Megapolis project, Turkish Prime Minister Binali Y?ld?r?m said.

PUCSL commits Rs. 250 mn to improve power sector next year

The electricity sector regulator, the Public Utilities Commission of Sri Lanka (PUCSL), is planning to spend Rs. 250 million on its Activity Plan 2017 to uplift the electricity sector.

NTB credit cards offer up to 40% savings on designated Aitken Spence hotels

Nations Trust Bank (NTB) recently announced an exclusive savings of up to 40 percent for its American Express and MasterCard credit cardholders, for their stay at selected Aitken Spence hotels and resorts. 

Cenmetrix receives Best Project Award in S. Korea

Cenmetrix walked away with the Best Project Award for the year 2016 at the Suprema Partner Conference held at Sheraton Grand, Songdo Smart City, South Korea.

ComBank’s ‘Arunalu’ supports country’s brightest young students

Twelve of Sri Lanka’s brightest young students have been rewarded by Commercial Bank of Ceylon with nearly Rs.750,000 in scholarships and cash prizes as Sri Lanka’s largest private bank began the disbursement of ‘Arunalu’ rewards to top achievers at the 2016 Year 5 scholarship examination. Total disbursements are expected to top Rs.5 million under this year’s rewards programme conducted by ‘Arunalu’ &ndas

Commercial High Court dismisses APL share sale reversal case

A court case filed by a shareholder of the Mackwoods Group to reverse the sale of Agalawatte Plantations PLC (APL) shares by Group Chairman Chris Nonis was dismissed yesterday in the Commercial High Court of Colombo.

Monsieur Fox brings Beaujolais Nouveau to Waters Edge

Somewhere in the Beaujolais region of France, an intelligent fox is busy packing his bags to make a trip to a sunny island in the Indian Ocean. After picking the perfect Gamay grapes and letting them ferment for just a few weeks, Monsieur Fox will be carrying with him a barrel of the finest ‘Beaujolais Nouveau’ to tempt the taste buds of the islanders.

Rupee edges down on capital outflow fears

REUTERS: The Sri Lankan rupee fell yesterday on persistent worries of capital outflows as incoming President Donald Trump’s policies are seen aiding higher U.S. interest rates and a strong dollar. Rupee forwards were active, with the spot-next trading at 148.70/95 per dollar, compared with Thursday’s close of 148.65/75. “The rupee is pressured although there is on and off dollar selling. Some foreign banks are buying dollars,&rd

German kitchen brand Leicht unveiled in Sri Lanka

Leicht, one of the leading German kitchen brands, was unveiled to the Sri Lankan market recently, at the Sri Lanka Design Festival held in Colombo. It was introduced by Centrepoint Homes, a fully-owned subsidiary of Fairway Holdings.