Japanese expert advocates precast housing for Sri Lanka

High rise buildings are built so it would ease the urban housing challenges and also for commercial 

Mark Prothero appointed CEO for HSBC Sri Lanka and Maldives

Mark Prothero has been appointed Chief Executive Officer for HSBC Sri Lanka and Maldives, effective 1 October 2016. 

Lanwa launches Steel Centres

Lanwa has come up with yet another steel solution in the market place – Lanwa Steel Centres, which 

Budget will be based on country’s development agenda: FinMin

Political agendas are immaterial for the current administration of good governance in preparing its national budgets, Finance Minister Ravi Karunanayake stressed. 

Hayleys Energy Services completes Sri Lanka’s first oil rig testing and modification

In a significant and strategic shift in the oil and gas industry in Sri Lanka, Hayleys Energy Services yesterday announced that it has completed the testing, repair and modifications of the hydraulic work over rig, the ‘Lewek Explorer 600’, due to be mobilized for an oil field project in Bangladesh shortly. 

European Union’s ‘Monsieur Brexit’ starts tough job

AFP - Frenchman Michel Barnier officially starts work as the European Commission’s Brexit negotiator today in an appointment that British media called a “declaration of war”.

SriLankan FAM tour for Lahore travel agents

SriLankan Airlines celebrated its launch of services to Lahore, by organizing a familiarization tour to Sri Lanka for a group comprising top travel agents and media personnel from the Lahore / Punjab Province area.

Asian, European markets sink on Deutsche Bank woes

AFP - Asian and European markets tumbled yesterday, tracking a sell-off in New York as worries about the future of German banking giant Deutsche Bank hammered financial stocks.

Rupee edges up as tight liquidity prompts dollar sales

Reuters - The Sri Lankan rupee traded slightly firmer yesterday, after four straight sessions of losses, as tight rupee liquidity triggered dollar sales by some banks, dealers said. The spot rupee was at 146.75/90 per dollar at 0556 GMT, compared with Thursday’s close of 146.90/147.00. The rupee has fallen 0.58 percent so far this week.

Chartered accountants can be all-rounders: MAS official

With companies becoming more demanding in today’s complex and challenging world, chartered accountants have the option of adapting to various situations as well as positions to become all-rounders despite hailing from an accounting background, said MAS Group Director and STR Holdings CEO/Managing Director Timothy Speldewinde. 

Sri Lanka Insurance powers Commando Challenge

  Sri Lanka Insurance Motor Plus has stepped forward as the exclusive insurance partner and a sponsor of the high-adrenaline Commando Challenge Supercross motor racing event, which will take place in October. 

MD commemorates World Children’s day

MD, pioneers in producing quality food products for Sri Lanka children, joins into celebrate the World Children’s Day. Lanka Canneries Limited, under the brand MD, has won the hearts of the Sri Lankan consumer, whether they be children or adults, with a wide range of products. 

PABC Sports Club powers Marians’ ‘Clarence Unplugged’

The popular band, Marians performed at the Bandaranaike Memorial International Conference Hall (BMICH) recently providing an evening full of acoustic music and dazzling entertainment to a full house. 

SIB partners NAFILIA Congress 2016

The number one group and pure life insurance broker in Sri Lanka, Strategic Insurance Brokers (SIB) took the seventh Congress of the National Forum for Life Insurance Advisors (NAFILIA) to a new level this year, extending the benefits of an international broking partnership for the congress.

Seylan Bank supports Hiru Golden Film Awards as official banker

Seylan Bank was the official banker for the Hiru Golden Film Awards held recently at Nelum Pokuna, Colombo, to felicitate artistes from Sri Lanka’s film and entertainment industry. 

SLTDA and Rupavahini launch travel programme to boost domestic tourism

In order to promote and develop the domestic tourism of Sri Lanka, Sri Lanka Tourism Development Authority which is under the Ministry of Tourism Development and Christian Religious Affairs together with Sri Lanka Rupavahini Corporation is going to start an amazing and attractive TV travel programme soon. 

Hameedia partners with Brides of Sri Lanka fashion show

The Brides of Sri Lanka fashion show concluded on a very high note with Hameedia, the renowned menswear specialist in Sri Lanka, partnering with the organisers as the main sponsor for the menswear collection for the 2016 season. 

Abans celebrates World Children’s Day at Pelawatte Elite showroom today

In honour of World Children’s Day 2016, Abans has organised a special day filled with fun and exciting activities for the entire family today, at Abans Elite Pelawatte from 10:00  a.m. onwards.

A touch of exotic, taste of elegance at Meubel House

Inspired by the Dutch word ‘Meubel’, meaning furniture, the brand has succeeded in captivating its clientele with a range of handpicked masterpieces which today adorn many homes, restaurants and hotels as well as corporate establishments.

Shares end higher; blue chips lead

Reuters: Sri Lankan stocks posted a fourth straight session of gains yesterday to end at a near one-month closing high, led by blue chips, while the drop in T-bill yields boosted sentiment.

EGB powers Miss Intercontinental 2016’s first-ever Colombo pageant

For the first time ever, Colombo is playing the role of host city for the sensational Miss Intercontinental 2016 international beauty pageant. This year’s edition, the international beauty pageant’s 45th annual event, is conceptualised by Cinnamon Hotels and Resorts and powered by EGB.

Ssshhh: Secret New Discovery kept under wraps with the help of child’s play

In order to create the world’s most capable family SUV you must first understand the needs of the world’s most capable families. That’s why Land Rover’s designers 

CIC Holdings PLC headlines the World Economic Development Forum as a Silver sponsor

CIC Holdings PLC is proud to be the Silver Sponsor for the World Export Development Forum (WEDF), organized by the Sri Lanka Export Development Board (EDB)

Rupee edges down on importer dollar demand

REUTERS: The Sri Lankan rupee ended weaker yesterday, posting its fourth straight session of 

CB rules out investigation on primary dealer unless audited accounts peculiar

The Central Bank (CBSL) will not launch an investigation into the controversial primary dealer 

Sri Lanka lubricant market grows 6.8% to Rs.23.4 billion: PUCSL

Sri Lanka’s lubricant market grew 6.8 percent to Rs.23.4 billion in 2015, with 10.1 percent growth in 

CB envisages own trading platform for G-Secs within a year

The Bloomberg electronic trading platform was implemented due to the widespread availability of the 

FinMin disputes 2Q GDP growth figure

Sri Lanka’s FinanceSri Lanka’s Finance Minister yesterday disputed the second quarter (2Q16) growth statistics  Minister yesterday disputed the second quarter (2Q16) growth statistics 

CA Sri Lanka to educate stakeholders on accounting standards

In its continuing efforts to educate its stakeholders on the latest changes to the accounting standards 

Lankan appointed as Singer Bangladesh CEO

Singer Bangladesh has appointed a Sri Lankan, Mohamed Fairoz, as Chief Executive Officer. Prior to