SL gets US $ 128mn ADB funds for safe water in Colombo and suburbs

The Asian Development Bank (ADB) is giving Sri Lanka another loan of US $128 million to fund safe water and wastewater management in Colombo and suburbs.

Rupee ends up on bank dollar sales, cenbank spot rate

REUTERS: The Sri Lankan rupee ended firmer yesterday as exporter dollar sales by a local bank and 

MUSSD to set up verification centre of taxi meters

Sri Lanka’s growing public taxi system will soon find its fare rates closely monitored with the 

SANASA Development Bank concludes ‘Lakdaru’ refresher seminars

A series of refresher seminars to prepare students throughout the island for the 2016 Year 5 

Kanrich CSR project targets reducing plastic, polythene usage at Kandy Perahera

One of Sri Lanka’s fastest-growing finance companies, Kanrich Finance, is launching a unique corporate social responsibility (CSR) programme to promote the minimal use of plastic bottles and 

Union Assurance initiates islandwide dengue awareness campaign

Union Manushyathwaya, the corporate social responsibility (CSR) brand of Union Assurance (UA) 

NTB 2Q net down over subdued loan growth and narrowing margins

Nations Trust Bank PLC (NTB) saw its June quarter (2Q16) net profit narrowing by 10 percent year-

Economics of the Olympics

Olympics are not only a revered festival of sports but are also an interesting case study of economics. The summer Olympics bring together over 11,000 athletes from 204 countries that 

Textured Jersey amongst Forbes ‘Asia’s 200 Best Under a Billion’

South Asia’s largest textile manufacturer Textured Jersey (TJ) have been placed on the Forbes “Asia’s 200 Best Under a Billion” list of 2016.  

It’s family funtime again at Abans!

Abans presents, “Family Funtime,” a morning of fun and excitement for the whole family at our Elite Showroom Kollupitiya which is scheduled for every Saturday this month from 10:00 am onwards.  

PM sheds light on SL’s grave HR issue

Sri Lanka, at the moment, is successfully tackling a number of issues, but concerns around human resources are an area, which neither the private sector nor the public sector is anywhere close to 

Alliance Finance celebrates 60th anniversary

Alliance Finance Co. PLC (AFC), one of Sri Lanka’s oldest and trusted finance companies, celebrates 60 years of unparalleled service spanning four generations of customers in Sri Lanka.  

DFCC Bank forges strategic partnership with Export Development Board

DFCC Bank PLC recently partnered with the Sri Lanka Export Development Board as the exclusive banking partner of the upcoming World Export Development Forum, which is set to take place in 

Economist stresses importance of int’l trade and innovation to drive economy

The Sri Lanka – Indonesia Business Council (SLIBC) which functions under the aegis of the Ceylon 

SriLankan enters into “wet lease” agreement with PIA

SriLankan Airlines has entered into a “wet lease” agreement with Pakistan International Airlines (PIA), owned by the government of Pakistan, whereby an Airbus A330-300 aircraft will be leased by 

Economic growth with a human face

President Sirisena, who has a good understanding of what is happening on a daily basis in rural Sri Lanka – where majority of our people resides – has asked for greater support for small and medium enterprises (SMEs) as their development would directly improves the livelihoods of lower-middle 

ComBank and DIMO exclusive Mercedes-Benz deal for lease customers

Commercial Bank and Diesel & Motor Engineering PLC (DIMO) have come together to provide 

Silvermill Group wins big at Presidential Exports Awards

Silvermill Group of Companies won a total of 5 presidential export awards at a gala event held on August 9th. 

CTC holds SADP fair

Ceylon Tobacco Company (CTC) held its Sustainable Agricultural Development Programme (SADP) annual fair recently at the CTC premises, showcasing the products grown by the beneficiary families 

Golden Falcon Group appoints Jabeer Ali to oversee Cooper Tires

Golden Falcon Group   announced the appointment of  Jabeer Ali  as a Country Manager: (Business Development) Sri Lanka & Maldives. 

DFCC Bank forges strategic partnership with EDB

DFCC Bank PLC recently partnered with the Sri Lanka Export Development Board as the exclusive banking partner of the upcoming World Export Development Forum,

Kanrich Finance’s Unique CSR Project Targets Reduction of Plastic & Polythene Usage at the Kandy Per

One of Sri Lanka’s fastest-growing finance companies, Kanrich Finance, is launching a unique Corporate Social Responsibility (CSR)

SLIM Brand Excellence draws largest number of entries ever recorded

Year after year SLIM Brand Excellence has continued to grow in scale and quality, and as in the case of previous years

PM to inaugurate Sri Lanka Human Capital Summit today

The Sri Lanka Human Capital Summit, a public-private initiative between the state National Human Resource Development Council of Sri Lanka (NHRDC) and Association of HR Practitioners (AHRP), will be inaugurated today by Prime Minister Ranil Wickremesinghe. 

Better margins, moderate loan growth propel HNB 2Q net up 41%

Sri Lanka’s second largest private lender by assets, the Hatton National Bank PLC (HNB) group, posted a net profit of Rs.3.36 billion or Rs.8.56 a share, recording an increase of 41 percent from a year ago, supported by a moderate growth in loans and better margins, the interim results showed.  However, the quarterly results were somewhat dented by the trading loss of Rs.2.6 billion incurred from the bank’s trading book, which ma

Stepping out of comfort zone vital for tea market expansion, says tea broker

Averting a storm in Sri Lanka’s tea cuppa would require the industry to step out of its comfort zone and take proactive decisions in market expansion and such moves are essential to be made in the short term if Ceylon tea is to retain its stance in the global stage, according to a listed tea broker. With the local tea industry yet to respond to the call for the widening of its market horizon, Ceylon Tea Brokers PLC asserted that in the emer

Sri Lanka weighs hike in tobacco tax to help boost revenues

REUTERS: Sri Lanka plans to hike a tax on tobacco as it seeks alternative sources of income after two Supreme Court rulings delayed a plan for tax hikes to raise Rs.100 billion in revenue this year, the cabinet spokesman said yesterday.

Distilleries June net up amid higher booze sales

Sri Lanka’s listed distiller and the diversified conglomerate, Distilleries Company of Sri Lanka PLC (DCSL) made a net profit of Rs.1.92 billion or Rs.6.41 a share for the quarter ended June 30, 2016 (1Q17) recording an increase of 9.6 percent from a year ago, the interim results shows.  The performance was predominantly supported by the group’s beverage unit as other segments either weighed over the performance or failed to make

SL to follow Swiss Challenge guidelines for unsolicited proposals

Sri Lanka’s Cabinet of Ministers has approved a proposal to include Swiss Challenge Procedure guidelines to the government procurement guidelines prepared by the country’s Finance Ministry. 

President pledges not to privatise any profit-making SOE

President Maithripala Sirisena yesterday pledged that none of the profit-making state-owned enterprises (SOEs) would be privatised.