Shares fall for 4th straight session; VAT proposal weighs

REUTERS: Sri Lankan shares fell for a fourth straight session yesterday, led by large caps, as 

FinMin goes extra mile to collect views for upcoming budget

The Finance Minister Ravi Karunanayake will engage in an official tour of the Trincomalee district on 

Minister sits on tea hub proposal fearing for his legacy

The tea blending hub policy, which spring up from time-to-time, will require wide stakeholder approval 

CPC faces Rs.2bn monthly losses after excise duty hike

REUTERS: Sri Lanka’s state-owned Ceylon Petroleum Corporation (CPC) will incur a loss of about 

Asian Alliance seeks shareholder nod to change name

Asian Alliance Insurance PLC is to call an Extraordinary General Meeting (EGM) to obtain shareholder nod to change its name to Softlogic Life Insurance PLC.

Pan Asia Bank joins hands with Al Ansari Exchange to offer ‘Cash Express’

Pan Asia Bank joined hands with Al Ansari Exchange LLC which is a leading exchange company in 

No liberalization of professionals under upcoming FTAs: Kelegama

Sri Lanka’s bilateral free trade agreements (FTAs) that are currently being considered have no liberalization of professionals, a senior official confirmed.

Pathfinder meets with China Communist Party representatives

A visiting delegation representing the Communist Party of China (CPC) met with the officials of the 

HNB Assurance June profits fall amid higher benefits, claims and expenses

Hatton National Bank PLC subsidiary, HNB Assurance PLC saw its net profit for the quarter ended 

GlaxoSmithKline names insider Emma Walmsley as new CEO

GlaxoSmithKline said yesterday it had chosen its head of consumer healthcare, Emma Walmsley, as its new Chief Executive, after considering internal and external candidates.

Tasmania keen to leverage Sri Lanka’s geographic location: Minister

First I would like to say how delighted we are to be here in Sri Lanka. This is our first official visit 

India’s Adani buys Australian port operator from Glencore

REUTERS: A unit of India’s Adani Enterprises Ltd will buy the company that operates Australia’s 

ACL Cables launches first debit card for electricians

ACL Cables together with Commercial Bank recently launched the first ever cobranded debit card for electricians.

European banks represent the world’s biggest contrarian trade: Citi

REUTERS: Buying European bank stocks would be the world’s biggest contrarian trade, Citi analysts s

Mercantile Investments shifts Ampara branch office

Mercantile Investments and Finance PLC has shifted its Ampara branch office to its new premises 

Informal tourism sector continues to grow despite snags

Tourist stays in unregistered accommodation grew by 37.53 percent Year-on-Year (YoY) for 2015, but r

New Zealand pledges assistance to develop milk production sector in Sri Lanka

One of the leading world milk industrialists, New Zealand, said that it will extend its full assistance to 

Rupee weakens after liquidity injections; spot market trades halted

Economynext: Moral suasion returned to Sri Lanka’s forex markets Tuesday with trading in the spot 

Amunugama discusses poultry industry expansion

Special Assignments Minister Dr. Sarath Amunugama presided over a meeting to discuss the expansion 

DFCC Bank named ‘Official Banking Partner’ for Shape South Asia Initiative

DFCC Bank is proud to be the ‘Official Banking Partner’ for the Shape South Asia 2016 event, to be 

Obama’s Asia policy: A solid double

On rare occasions, international issues are resolved by a dramatic, decisive development. Much more often, progress is incremental. As United States President Barack Obama has said, an 

DFCC Bank PLC ‘Official Banking Partner’ for the ‘Shape South Asia 2016’ Global Initiative

DFCC Bank is proud to be the ‘Official Banking Partner’ for the Shape South Asia 2016 event, to be held in Colombo from 22nd to 25th September 2016.

Swarnavahini to bring a bucket full of laughter to your doorstep - ‘JoduGedara’

The Swarnavahini television channel, part of the EAP Broadcasting Company recently launched its latest comedy series, ‘JoduGedara’. The comedy drama series

Pest Control with a ‘Green Touch’

There’spest control, then there’s carbon neutral pest control ! The Exterminators (Private) Limited – Sri Lanka’s most decorated and Asia’sonly Carbon Neutral®

Navin assures limited glyphosate imports for tea industry

The government is likely to allow the importation of 800,000 litres of the weed killer glyphosate essential for tea plantations starting from the next two to three months, Plantation Industries Minister Navin Dissanayake said recently at the Planters’ Association of Ceylon Annual General Meeting. “I’m sure maybe in two months, three months, I can have a formula in place,” he said.

CIMA–CA ink MoA to boost accounting profession

The finance management field yesterday saw two of Sri Lanka’s leading accounting professional bodies joining hands in an effort to further push and encourage the stream in the country.

Confectionery with unhealthy, banned ingredients in market

Imported food products manufactured using banned ingredients are seen flooding into the local market risking the health of the Lankan consumer but the authorities have done little to nab those unscrupulous traders, the association representing the confectionery manufacturers charged.

Shanghai biz delegation wants more commercial links with Sri Lanka

A delegation from the China Council for the Promotion of International Trade (CCPIT) of Shanghai Sub Council visited the Ceylon Chamber of Commerce (CCC) recently.

Palm Gardens Hotels to invest US $ 110mn for 3 Maldivian resorts

The Browns group subsidiary, Palm Gardens Hotels PLC (PALM), is to become the latest entrant to the Maldivian tourism scene with the company planning to construct three resorts in the Indian Ocean archipelago with an investment of US $ 110 million.

Malaysia’s Axiata says committed to long-term investment in Sri Lanka

Amid speculative reports of Malaysia’s Axiata Group Berhad (Axiata), the parent company of Sri Lanka’s Dialog Axiata PLC (Dialog), trimming its exposure in overseas ventures, Axiata yesterday said it would “continue to fortify its commitment” to Dialog and the Sri Lanka market.