Tourism to get boost with racing up in the hills

With tourism being a key foreign exchange earner, horse racing is bound to bring in many high spending tourists as is the case around the world, witnessed at the Royal Ascot, the Melbourne Cup, in Dubai, Japan, Hong Kong and elsewhere. 

We need to increase our yield to meet increasing world demand: SAPPTA Chief

Following is the full speech by Spices and Allied Products Producers Association (SAPPTA) Chairman Vernon Abeyratne, delivered at the SAPPTA AGM held at Ramada Hotel, Colombo recently. 

CCC launches ‘TIPS’ to boost trade awareness for businesses

The country’s trade agenda received a boost this week with the Ceylon Chamber of Commerce launching a platform to enhance the awareness level of its members on the country’s  trade policies.

LOLC’s Conrad Dias named ‘CIO of the Year’

The Chief Information Officer (CIO) of the LOLC Group,. Conrad Dias was honoured with the CIO of the Year Award at the recently held ICT Awards 2016. 

SL’s immediate policy priority should be on export-oriented industrialisation: top economist

While giving a tacit seal of approval for the Sri Lankan government’s plan to promote export industries through economic zones, Australian National University Arndt-Corden Department of Economics, Crawford School of Public Policy Economics Prof. Prema-chandra Athukorala, who was speaking at the second Advocata Public Lecture last week, warned that the government must ensure policy consistency and ease of doing business for global production

Spikes Asia announces speaker line-up

The countdown to Spikes Asia has officially begun and the full speaker programme has now been announced for the festival, which runs from September 21 to 23, 2016.

Sparklink travels marks 37 years of excellence

Sparklink travels marked the completion of 37 years in Travel Excellence on 8th of August. 

UCSC’s annual international ICT conference to kick-start in September in Negombo

University of Colombo School of Computing (UCSC) announced that this year’s International Conference on Advances in ICT for Emerging Regions (ICTer2016) will be held in Negombo from 1st to 3rd September. 

CIM Sri Lanka celebrates academic achievements at 2016 Graduation

The Chartered Institute of Marketing (CIM) Sri Lanka concluded its graduation ceremony and the membership investiture for the year 2016 recently. 

Cathay Pacific announces 2016 interim results

The Cathay Pacific Group reported an attributable profit of HK$353 million for the first six months of 2016. This compares to a profit of HK$1,972 million for the same period in 2015.  Earnings per share were HK9.0 cents compared to HK50.1 cents for the first six months of the previous year. 

S-lonDiyasara Student Circle held at Hambantota

In its quest to preserve the resplendent gift of water, S-lon is proud to announce another edition of S-lon ‘Diyasara Student Circle’,

Star-studded Spikes Asia speaker line-up is announced

The countdown to Spikes Asia has officially begun and the full speaker programme has now been announced for the Festival,

Minister refuses free plant subsidy for big spice growing firms

The Primary Industries Minister last week refused to reintroduce the free plant subsidy to big spice 

WB unveils new procurement framework for Sri Lanka and South Asian partner countries

The World Bank (WB) recently unveiled a new procurement framework to help Sri Lanka and its other 

Urjit Patel named new Governor of Reserve Bank of India

AFP: The Indian government during the weekend named insider Urjit Patel as the new Governor of 

FinMin says tax income up 27% in first seven months

Sri Lanka has been able to increase tax income by 23 percent or Rs. 143.8 billion to Rs. 769.7 billion in the first seven months of the year 

Operating costs weigh down Nawaloka Hospitals June profit

Pioneers in private healthcare in Sri Lanka, Nawaloka Hospitals PLC saw its group net profits falling by 21 percent to Rs.45.3 million or 3 cents from a year ago amid rising operating and finance costs, 

Ceylon Chamber to discuss ways to improve business with China

The Ceylon Chamber of Commerce will hold a discussion session on August 26, to gain inputs from the Lankan businesses on how to enhance business activities with China.

DIMO wins big at ‘The Asia Best Employer Brand’ Awards

Diesel & Motor Engineering PLC (DIMO) has made its mark yet again at a higher level by bagging a 

“Asia Best Employer Brand 2016” conferred on Bank of Ceylon

Adding another jewel to its crown, the 7th annual awarding ceremony of “Asia’s Best Employer Brand” 

CA Sri Lanka kicks off registrations for 52nd Annual Report Competition

A competition of this nature would help the country to get more investors and issuers to the Colombo bourse, as it improves the governance and accounting standards, Colombo Stock Exchange (CSE) 

South Asia Maritime Forum opens 2nd Colombo Int’l Maritime Conference 2016

South Asia is interestingly getting international attention as a region that is poised to keep the global 

Union Assurance: Mid-Year Convention 2016

The Chief Executive Officer and Top Management along with its employees and sales force of Union 

Brandix pays tribute to people at ‘Rasadiya Mangalya’ 2016

The power of inspiration that animates the Brandix Group was in conspicuous evidence when Sri 

Six steps to think like a smart stock market investor

Number crunchers and quantitative analysts make a lot of money in the stock market. However, the most successful investors also use psychology as a tool to enhance returns. Thus, the article will 

Spectacular kite festival

Colourful kites dotted the Colombo skies yesterday at the kite festival organized by a leading privately owned television network in the country. The picture shows kites in the Galle Face sky, and in the 

Ignite your kid’s creativity this holiday season

Just like you, every mom is concerned about engaging her kids during the holidays. Watching your child in front of the TV for hours can be very disturbing. When they do take a break from the TV, it is 

Amana Bank’s June quarter profit hurt by higher expenses, narrowing margins

Sri Lanka’s Amana Bank PLC saw its net profit for the quarter ended June 30, 2016 (2Q16) falling by 62 percent to Rs.17.9 million from a year ago as the higher expenses weighed down Sri Lanka’s first 

China’s Sinochem Shipping selects Colombo Dockyard for repair requirements

Sinochem Shipping Co. Ltd (Hainan)-owned and Aoxing Ship Management (Shanghai) Ltd-managed tanker SC Hong Kong called Colombo Dockyard for drydocking and lay up repairs.

Regus Sri Lanka ties up with Mountain Hawk Express

Regus Sri Lanka has entered into a strategic tie up with Mountain Hawk Express (Pvt) Ltd (MHE), paving the way for the international courier giant to use two of Regus’ locations as FedEx Authorised Ship Centres.