Rupee weaker on importer demand

REUTERS: The Sri Lankan rupee traded weaker yesterday as importer dollar demand surpassed inward remittances of the U.S. currency amid a lack of exporter conversions, dealers said. The spot rupee was at 145.10/15 per dollar at 0721 GMT, compared with Thursday’s close of 145.00/15. One-week forwards were at 145.25/35, compared with the previous day’s close of 145.15/30.

Shares end down, dragged by large caps

REUTERS: Sri Lanka’s benchmark index fell for the third straight session yesterday, dragged down by large caps, as investors stayed on the sidelines amid confusion over falling bond yields, stockbrokers said.

Sri Lanka moves strong delegation to Guangxi’s CAEXPO 13

Over 25 Lankan exporters, biz reps and officials are joining one of the strongest ever Lankan trade delegations to land in China today (September 10). 

Government likely to apply Swiss Challenge process retrospectively

The Sri Lankan government is likely to apply the Swiss Challenge process retrospectively on unsolicited projects already awarded and started at local government levels.

Walkers Piling begins SL’s first sea piling project

Walkers Piling (Pvt) Ltd, a subsidiary of MTD Walkers PLC, yesterday announced that they have commenced work on Sri Lanka’s first sea piling project at the Mutuwal Harbour. 

CICT brings one of the largest ships afloat to Colombo

One of the largest shiOne of the largest ships afloat is expected to call on Sri Lanka for the first time, setting a new ps afloat is expected to call on Sri Lanka for the first time, setting a new 

Tasmanian govt. exploring ways to benefit from Lanka’s strategic location

In search of opportunities to plug into the Asian markets, top official of the Tasmanian government 

Maldivian envoy invites Lankan corporate sector to invest there

The Maldivian High Commissioner in Sri Lanka Zahiya Zareer invited the Sri Lankan corporate sector to invest in development projects in Maldives.

Shares hit more than 1-mth closing low; large caps down

REUTERS: Sri Lanka’s benchmark index hit a more than one-month closing low yesterday, dragged 

Malaysian sovereign fund Khazanah selling stake in utility Tenaga

REUTERS: Malaysian sovereign wealth fund Khazanah Nasional Bhd is divesting part of its stake in national power utility Tenaga Nasional, two sources familiar with the matter told Reuters yesterday.

Janashakthi group property subsidiary acquires construction firm for Rs.90mn

Janashakthi group subsidiary Kelsey Developments PLC has acquired a controlling stake in a 

Royal Turf Club SLABA Runway 2016 launched

The Sri Lanka Apparel Brands’ Association (SLABA), which represents indigenous apparel brands, 

Pan Asia Bank staff helps Lady Ridgeway Hospital

Pan Asia Bank Battaramulla branch recently donated a fully-automatic water boiler to the Cardiothoracic Ward of Lady Ridgeway Children’s Hospital.

China’s overdue credit card payments rise 5 pct in Q2

China’s overdue credit card payments rose 4.91 percent in the second quarter from the quarter 

Workers relate with importance of their companies’ CSR involvements by 64%: Regus

Regus, the global provider of flexible workspace had revealed that the subject of a company’s 

Balasooriya Private Hospital receives Silver, Bronze at CNCI Achiever Awards

Balasooriya Hospital Chairman Priyanthalal Balasooriya received the Bronze award in the Medium category – Service sector (national level) and the Silver award in the Medium category – Service 

Commercial Bank to keep 76 branches open on Hadji Festival Day

The Commercial Bank of Ceylon has announced it will keep76 branches open for business on 

Sampath Bank’s new Marketing Head shines at CMO Asia Awards

Nadi B. Dharmasiri, who took up the reigns as the Head of Marketing at Sampath Bank in July this 

Tropic Fishery excels at Presidential Export Awards

Tropic Fishery (Pvt.) Ltd was crowned as the Highest Value-Added Exporter of the Fish and Fisheries 

Ageism in the work place – Apple’s rejection of older engineer brings it out

Most of us have been through it at some point of our lives. The heady 20s are when you feel like 

Dutch finance minister seeks 20% cap on all corporate bonuses

AFP - Dutch Finance Minister Jeroen Dijsselbloem yesterday called for bonuses for company bosses t

Burger King opens outlet in Panadura

International restaurant giant Burger King has opened the doors of its newest outlet down Jayathilaka Mawatha, Panadura. 

Sampath Bank recognized at Int’l CSR Excellence Awards 2016 in London

Sampath Bank has remained a forerunner in its commitment to create a positive impact towards the 

361 Degrees gives back to Kitulgala

361 Degrees, Sri Lanka’s largest Team building, leadership, engagement, innovation, strategy and 

Rupee ends firmer on inward remittances

REUTERS: The Sri Lankan rupee ended firmer yesterday as late inward remittances ahead of the annual Haj pilgrimage surpassed the mild dollar demand from importers, dealers said.

Public transport misery

Commuters hang off a local passenger train in the morning in Colombo. Sri Lanka is looking to improve 

A feast of creative cooking at Abans

Tired of eating the same food, the same taste with the same ingredients? Then come to Abans Elite Kollupitiya this Saturday 10th September at 10.00 a.m. and learn the fine art of creative cooking 

Sri Lanka bill yields plunge at auction

Economynext: Sri Lanka’s bill yields plunged at Wednesday’s auction with the 12-month yield falling 

Collapse of Hanjin, cross-border insolvency and maritime claims

The entire shipping industry witnessed the long-awaited turn in business environment with last week’s 

ADB’s tie-up to open more market borrowings for HNB: Moody’s

Last week’s Asian Development Bank’s (ADB’s) investment in Hatton National Bank PLC’s (HNB) stock will open up further market borrowing opportunities for the latter with increased access to longer