Getting foundation right paramount for development: Sujeewa

Responding to the growing criticisms thrown at the government for not showing any visible economic development, International Trade State Minister Sujeewa Senasinghe asserted that the new regime has thus far spent its time in getting the foundation right to ensure the on-going development plans are executed in a sustainable manner. 

Standard Chartered Global CEO meets Malik

Standard Chartered Group Global Chief Executive Bill Winters was on an official visit to Sri Lanka recently. He was the first global CEO of Standard Chartered Bank to visit Sri Lanka despite the bank been in operation here since 1892. 

Asian growth steady despite weak global prospects, Brexit, says ADB

Growth in Asia and the Pacific’s developing economies for 2016 and 2017 will remain solid as firm performances from South Asia, East Asia and Southeast Asia help offset softness from the US economy, and near-term market shocks from the Brexit vote, says a new Asian Development Bank (ADB) report.

Rupee edges down on importer dollar demand

REUTERS: The Sri Lankan rupee edged down yesterday due to mild importer dollar demand, even as dealers expect the local currency to rise following US $ 1.5 billion in inflows from a sovereign bond issue. Sri Lanka raised US $ 1.5 billion in its first sale of dual-tranche eurobonds last week, although at a lower borrowing cost than initially expected, as yield-hungry global investors put in over US $ 5.5 billion in offers.

SL-Singapore free trade pact talks begin

Singapore and Sri Lanka have started talks for a free trade pact, including measures to free up trade in goods and services as well as investments, Singapore Trade Minister S. Iswaran said yesterday.  Sri Lanka’s push to build infrastructure and develop its industries presented prospects for Singapore firms to partner with companies in the Indian Ocean nation and contribute to its growth, Iswaran said in a statement.

Mihin Lanka staff funds Lady Ridgeway Hospital’s Operating Theatre Project

The staff of Mihin Lanka recently made a significant donation towards the Children’s Heart Operating Theatre Project at the Lady Ridgeway Hospital, an initiative earmarked by the staff as a part of their on-going CSR mandate. 

OZO Hotels contribute towards UNICEF Sri Lanka’s Water and Hygiene programme

Thailand-based ONYX Hospitality Group recently made a contribution towards the WASH initiative of UNICEF Sri Lanka, to support vulnerable children affected from floods and landslides, due to the intense wet weather situation experienced in the country. 

“BOC Hapana” scholarship seminar completes sixteen years with Matugama seminar

BOC Ran Kekulu “Hapana” program series reached its 1130th seminar at Matugama Ananda Shasthralaya on July 3rd. 

Nawaloka’s visionary leader extols virtues of self-belief

For a visionary leader, the primary accomplishment is not just the implementation of an idea, the expression of a charismatic personality, or the accumulation of wealth. Instead, it is reaching fulfillment in building a company that prospers with the values it stand for.

More ‘Arunalu’ account holders to top Year 5 scholarship achievers this year

High achievers at this year’s Year 5 scholarship examination can win millions of rupees in cash prizes if they are holders of Commercial Bank ‘Arunalu’ Children’s Savings Accounts.

Swim Week Colombo gets off to a flying start at the Colombo Port

Swim Week Colombo, presented by OLU Tropical Water, set itself higher goals to make a stronger impact internationally

Govt. remains resolute signing ETCA with India

The Sri Lankan government r e m a i n s e x t r e m e l y determined entering into an advanced trade 

Thai agri-food giant enters SL via Norfolk acquisition

Charoen Pokphand Group (C.P Group), a diversified conglomerate specialized in agriculture and food 

Lotus Energy calls mandatory offer on Browns Hydro Power

Lotus Renewable Energy (Pvt.) Ltd, a renewable energy developer based in Padukka has called for a mandatory offer to purchase the remaining shares of Browns Hydro Power PLC after purchasing a 

Former Lankaputhra GM files FR case

??By Yohan Perera T h e F o r me r General Manager of Lankaputhra D e v e l o p m e n t Bank, 

Standard Chartered global chief upbeat on SL’s prospects

??By Indika Sakalasooriya Standard Chartered Global CEO Bill Winters, who was on a brief visit to Colombo

SL breaks two months of contraction in manufacturing in June

S r i L a n k a ’ s manufacturing activities have picked up in June after lagging two months in a row 

Touch Travel Pass - one step forward to regulate passenger transport

By Supun Dias The all new peoples touch t r a v e l p a s s l a u n c h e d b y P e o p l es Bank in 

Moratuwa Uni team to take part in Microsoft Imagine Cup finals

After a lapse of several years, a Sri Lankan student team from the Engineering Faculty of Moratuwa 

Top corporates come on board to stage WEDF 2016

??By Shabiya Ali Ahlam Top local corporates and institutions have partnered with the Export Development Board (EDB) to support the upcoming World Export Development Forum 2016 (WEDF), 

Two EWIS companies ranked in 2016 GPTW survey

For the second consecutive year, E-W Information Systems, together with EWIS Peripherals have 

A customer complaint can become profitable when it’s resolved professionally

What can a customer do when he or she is dissatisfied with a product or a service’s performance? 

Disrupt Asia to boost Sri Lankan tech startup ecosystem

The global economy is seeing a disruptive force changing its landscape in a much bigger way than the blue chip, and this change is being driven by the tech startups of the world. 

SAP SE launches independent user group in Sri Lanka

The local system analysis and programme networking space yesterday received fresh impetus with a 

PickMe releases public API and GIS Map

As PickMe celebrates its first year of operations, the Company as a responsible corporate citizen, 

JobStreet Lanka to host travel and tourism business seminar

Travelers can consult guide books and road maps to navigate unfamiliar destinations, but entrepreneurs starting a tourism business are usually left to wander on their own.  

OPPO announces new entery -level device ‘A37’

Bringing consumers superior photography and meticulous design at an incredible price, OPPO has 

Institute of Hospitality Sri Lanka holds 24th AGM

The 24th Annual General Meeting (AGM) of the Institute of Hospitality (IOH) Sri Lanka International branch was held recently, reappointing Sidath Kodikara as Chairman for the third   

VirtusaPolaris bags National HR Excellence Gold Award

VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd and a leading worldwide provider of information technology (IT) consulting and outsourcing services, 

Amana Takaful Life’s Rs.75mn IPO to open on July 21

The Initial Public Offering (IPO) of Amana Takaful Life Limited (ATLL) – a fully-owned subsidiary of Amana Takaful PLC – via an offer for sale of Rs.75 million, will open on July 21, 2016.