September inflation slows over lower food prices but core-inflation up

Sri Lanka’s headline inflation measured by the Colombo Consumer Price Index (CCPI) has edged 

SLAASMB wants Agalawatte Plantations’ annual financial statements re-audited

The Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB) last week directed 

World’s largest integrated tourism group to operate charter flights to SL this winter

TUI, the world’s largest integrated tourism group will be operating weekly charter flights to Sri Lanka after a lapse of six years, starting from December 2016 until March 2017.

PUCSL tells CEB to submit action plan quickly to avert crisis

The energy sector regulator, the Public Utilities Commission of Sri Lanka (PUCSL), has requested 

Commercial Credit parent to divest controlling stake in Myanmar micro lending subsidiary

Commercial Credit & Finance PLC’s parent BG Group last month signed a Memorandum of 

Getting beyond rhetoric on education and skills sector reform

Annually, the World Economic Forum ranks countries in the Global Competitiveness Index — a 

Hong Kong – A blend of cosmopolitan luxury and attraction

Synonymous with Hong Kong is a skyline vista imprinted on mind – veiled by a thin haze in the light of day and a galaxy of lights after sunset – ever since strolling on that iconic promenade to view the 

Reinvent company by revising business model to improve profit margins

All successful companies operate according to a business model that can be broken down into four 

HSBC ‘Premier’ customers to sight music’s biggest stars at Grammys

As music’s biggest night comes around in February 2017, HSBC Premier together with Mastercard 

‘Seylan Tikiri’ offers ‘World Children’s Month’ for 3rd consecutive year

Seylan Bank’s children’s savings account – ‘Seylan Tikiri’ - once again unveils delightful activities to celebrate the occasion of World Children’s Day. 

Charter House introduces Grohe’s innovative 3D showering

Specialists in bathware, sanitaryware and kitchen solutions, Charter House International, which was 

CAHM introduces series of new courses on travel and tourism industry

The Colombo Academy of Hospitality Management (CAHM) introduced a series of new courses for 

Mercedes-Benz Fashion Runways to position SL as global destination for travel collections

Mercedes-Benz Fashion Runways Sri Lanka will become the first event to host an 

Interbrand enters Sri Lanka

Interbrand, the world’s largest and most influential brand consultancy, has announced its entry into 

PM invites Kiwi businesses to invest in CIFC

Sri Lanka has invited the business community in New Zealand to invest in the proposed Colombo 

Nivasie’s Orchid Phase II rides high on Orchid Malabe success

Nivasie Developers, the property developing stalwart of Sri Lanka, is catering to a new wave of real estate demand in Malabe, with its recently launched Phase II of the Orchid Apartment housing 

AkzoNobel hosts CSA scholarship winners on architectural tour of S’pore

Five of the City School of Architecture’s (CSA) most promising students were treated to a rare tour of AkzoNobel’s regional headquarters and research and development (R&D) facilities in Singapore. 

Aitken Spence Travels hosts top Belgian tour operator ‘Travel Sensation’

The largest international travel operator in the country – Aitken Spence Travels recently hosted Travel Sensation, the Belgium-based renowned tour operator. 

People’s Bank embarks on aggressive digitalization drive

Committed to enhancing customer convenience, People’s Bank has embarked on an aggressive digitalization drive to deliver greater convenience and speed to customers. 

Alliance Finance upgrades logo to mark six decades of operations

Alliance Finance Co. PLC (AFC), one of Sri Lanka’s oldest and trusted finance companies, recently 

DFCC Bank celebrates customer service week

DFCC Bank recently announced its inaugural customer service week celebration from 3rd to 9th September. 

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.