Now is not the time to sell China short

China continues to dominate discussions about the health of the world economy. Many are concerned about China’s slowing growth and its ability to manage the difficult transition from a controlled economy dominated by manufacturing to a more open economy with greater reliance on domestic consumption. Some policy decisions last year also scared the market.  

SLITHM to hold 37th Graduation Ceremony

The Sri Lanka Institute of Tourism & Hotel Management (SLITHM), the country’s national tourism and hospitality management institute, will hold its 37th Graduation Ceremony for 100 students on Friday June 17, at the BMICH Main Conference and Concert Hall.

ACCA awards Bodyline with Approved Employer Status

The Association of Chartered Certified Accountants (ACCA) recently awarded Bodyline ( Pvt) Limited, with the Approved Employer status for Professional Development.

Ceylinco Life policyholders tour Dubai and Singapore

The policyholders of Ceylinco Life and their families were treated to holidays in Singapore and Dubai recently, as the life insurance leader’s ‘Family Savari 9’ mega promotion neared its conclusion.

MyDeal.lk-MyStore.lk announce card-less transactions with Sampath Vishwa

MyDeal.lk in partnership with Sampath Bank PLC recently announced further enhancements to its e-commerce platform by introducing a card-less payment option for its growing customer base of tech-savvy shoppers.

Aquafresh launches Sri Lanka’s first-ever alkaline water

Sri Lanka’s premier bottled, drinking water company, Aquafresh, recently introduced the country’s first-ever brand of alkaline water – Alkafresh. With a pH balance of 9+, Alkafresh is specially purified drinking water with trace levels of magnesium and calcium carbonates which as a whole, provide alkalinizing benefits and is ideal for those seeking a pure, balanced form of hydration. 

Commerce Dept and BCIS to hold Trade in Services seminar this month

The Department of Commerce in collaboration with the Bandaranaike Center for International –Studies (BCIS) will hold an interactive awareness seminar from 27-28 June at the Bandaranaike Centre for International Studies (BCIS) on Trade in Services. 

CDB heralds exceptional financial performance on 20th anniversary

Celebrating its 20th anniversary as a harbinger of change and trailblazing forerunner in the Non-bank financial institution (NBFI) sector in Sri Lanka, Citizens Development Business Finance PLC (CDB) reported exceptional financial results for FY 2015/16, revelling in its innovative persona, corporate stewardship and incomparable team. 

Sri Lanka’s greying economy - An impending problem

The United Nations marks today (June 15) as the World Elder Abuse Awareness Day. Abuse of older people is either an act of commission or of omission, which may be either intentional or unintentional. The abuse may be physical, psychological, financial or other material maltreatment. It is increasingly seen as a problem that is likely to grow as many countries rapidly experiences an ageing population. 

Optima Designs presents Sri Lanka's First Ever Augmented Reality Annual Report!

Setting the pace with great designs and never before seen innovation, Optima Designs has produced Sri Lanka's first Annual Repor

Sunquick ‘Drink & Win’ Promo ends with “tremendous success “

The promotion, which began on the 21st of January and ended on the 23rd of March had a double purpose; firstly,

Fresh investment to kick-start new chapter for Quickee

Sri Lanka’s pioneering hyperlocal delivery network, Quickee, is set for unprecedented growthand capacity expansion following the close of its Series A funding round in late 2015which has accelerated the popular start-up into high gear.

SL gets US $ 2mn ADB grant for flood relief efforts

Sri Lanka and the Asian Development Bank (ADB) yesterday signed a US $ 2 million grant agreement

Promoters step into boost Cargills Bank’s capital requirements

The country’s youngest commercial bank, Cargills Bank Ltd will be getting more capital infusion from its promoters Cargills

CB needs to establish credibility, says Moody’s

Sri Lanka’s Central Bank will have to establish its credibility in terms of monetary policy effectiveness

Two Chinese directors step down from Blue Diamonds board

Two directors of Blue Diamonds Jewellery Worldwide PLC (BLUE) have resigned in the midst of investigations

Piramal Glass invests Rs.3bn in new furnace

G l a s s b o t t l e a n d container manufacturer Piramal Glass Ceylon PLC, a unit of India’s Piramal Group, has invested

Rupee up; exporter dlr sales outpace importer demand

REUTERS: Sri Lankan rupee forwards ended higher yesterday as dollar conversions by foreign investors

Shares close at more than 1-week high

REUTERS: Sri Lankan shares closed at a more than one-week high yesterday as investor sentiment remained

Tourism Ministry looks to recruit new MD for SLTPB following Ruvini’s sudden resignation

??By Chandeepa Wettasinghe The Tourism Development, Christian Affairs and Land Ministry will be advertising to recruit a

OZO Colombo Earns 2016 TripAdvisor Certificate of Excellence for Great Online Reviews.

OZO Colombo, the newly built 158-room hotel on Marine Drive, announces its achievement, being awarded with a TripAdvisor®

MasterCard partners with Quintessentially Lifestyle in Sri Lanka

MasterCard announced its partnership with Quintessentially Lifestyle, a global private members’ club offering award-winning lifestyle management services in Sri Lanka.The partnership is part of several market-specific initiatives by MasterCard to highlight the benefits of electronic payments in the market.

Bank of Ceylon’s Nugegoda branch returns to original landmark

BOC Nugegoda Super Grade Branch recently returned to its iconic landmark in the heart of the Nugegoda town. 

Why sign new FTAs and economic partnerships when existing FTAs have outstanding issues?

The world around us is increasingly moving forward with regional and bilateral free trade agreements (FTAs) as the multilateral trade liberalization process led by the WTO has come to a standstill.  

Pan Asia Bank pays tribute to senior citizens

In recognition of the invaluable contribution made by Senior Citizens during their life time to the betterment of the country, Pan Asia Bank has come up with an initiative to offer free gifts as a value addition for senior citizens’ Fixed Deposits.  

Papyrus Papers appointed distributor for Arjowiggins Healthcare

Arjowiggins Healthcare, the world leader in sterile barrier solutions for the hospital and medical device industries, has appointed Papyrus Papers as the company’s authorised distributor in Sri Lanka. The appointment paves the way for a wide range of safe bacterial barrier packaging products in the Arjowiggins Sterimed® and Sterisheet portfolios to be marketed in Sri Lanka, propagating the use of sterile medical paper in the wrapping of

Singer launches latest energy-efficient Samsung Inverter Air Conditioners

Singer Sri Lanka PLC, the country’s leading consumer durable retailer and authorized partner for Samsung products in Sri Lanka, has launched a range of Samsung Inverter Air Conditioners, further expanding the company’s range of Samsung products on offer.

Masakorala in eminent expert group that developed new ICC Transport Guide

Contracts of sale and transport can be tricky even for the most experienced professionals. The slightest of errors may cause substantial repercussions such as detained shipments, spoiled supply chain planning, wrong cost allocation and delayed payments. To bridge the gap between expectations and execution, ICC Guide on Transport and the Incoterms 2010 Rules was developed by ICC expert group.

London’s property market loses shine ahead of Brexit vote

CNBC: Britain’s historic vote on whether or not to remain within the European Union (EU) might still be two weeks away, but the impact of Brexit has already been felt in London’s property market. Investors who are worried about the impact of Brexit on their London house prices are taking a “wait and see” approach, said Alistair Meadows, head of international property consultancy JLL’s Asia-Pacific International 

New Porsche Panamera to be unveiled on June 28

Carscoops: After dropping the first teaser of its new 2017 Panamera earlier this week, Porsche has since confirmed that the second-gen model will be unveiled on June 28, ahead of a formal debut in Paris this fall. They’ve also released a teaser sketch and video showing the development of the car.