SLT rings 4Q loss amid higher costs, forex translation losses

S r i L a n k a ’s l e a d i n g telecommunication services provider, the Sri Lanka Telecom PLC (SLT) group, turned 

Singer in Rs.2bn listed debt issue

Singer (Sri Lanka) PLC is to raise Rs.2 billion by way of a debenture issue and has received the approval

Ravi K meets Senior German Minister

Finance Minister Ravi Karunanayake on Tuesday met Senior German Minister Dagmar Gabriele Wöhrl at his ministry premises

Ravi K meets Senior German Minister

Finance Minister Ravi Karunanayake on Tuesday met Senior German Minister Dagmar Gabriele Wöhrl at his ministry premises

FinMin says inflows could help rupee appreciate to Rs.110

Finance Minister Ravi Karunanayake recently said the rupee could appreciate to Rs.110 against the US dollar if 

Fitch cuts ratings of banks, non-bank lender and insurer over sovereign downgrade

Fitch Ratings yesterday downgraded the Issuer Default Ratings (IDR) of Bank of Ceylon (BOC) and National Savings Bank (NSB) to ‘B+’ from ‘BB-’ and downgraded the IDRs of People’s Leasing & Finance

Twelve-month treasury bill yields hit 9%

Treasury bill yields rose at yesterday’s bill auction with 12-month bill yields hitting 9 percent, up 50 basis points 

High-profile TUI team in town; major boost to Lankan tourism

A high-profile delegation of TUI, the world’s number one integrated tourism group, headed by Group CEO Fritz Joussen, will be visiting Sri Lanka today (Thursday). Organised by its joint venture partner Aitken 

BOC sets new profit benchmark

State-owned banking giant Bank of Ceylon (BOC) recorded a pretax profit of Rs.25.3 billion for the year ended December

Access Engineering rehabilitation work in six wastewater pump stations advances

Access Engineering PLC is making significant headway in the rehabilitation work of the wastewater pump stations in Dehiwala, Mt. Lavinia and Kolonnawa under the Greater Colombo Wastewater Management Project. 

Buying an apartment in Sri Lanka

Purchasing an apartment is a decision that involves many factors and therefore buyers take a great deal of time and effort in researching many aspects and much detail before making a purchase decisions

Singapore Airlines to launch A350-900 services to Amsterdam on May 9

Singapore Airlines will launch the inaugural long-haul flight of its new Airbus A350-900 fleet to Amsterdam on May 9. The A350 will serve the Airline’s daily flight to Amsterdam as SQ324, as well as its return flight SQ323.

Walkers Tours website surpasses 15 years of online presence

Walkers Tours Limited, Sri Lanka’s premier destination management company, has been introducing travelers from around the world to Sri Lanka for over 45 years. 

Overseas Realty December profits up 13% to Rs.875mn

The local unit of the Singapore-based real estate company – Overseas Realty (Ceylon) PLC (OSEA) – increased its December quarter (4Q15) net profits by 13 percent year-on-year (YoY) to Rs.874.5 million despite the revenues recognized from the apartment sales falling sharply, the interim results showed.  

Sri Lanka under spotlight in Berlin as investment location

Tagesspiegel: Some of the approximately 300 participants of the German Sri Lankan Business Forum in Berlin felt like 

Kodak Alaris commences Information Management Partnership Yatra

Kodak Alaris, the most sought after brand in the global Information Management space, in a tactical move to grow and expand its 

LOLC Finance’s Al-Falaah receives recognition at IFN poll

Al-Falaah, the Islamic business unit of LOLC Finance PLC, brought honour to Sri Lanka and the LOLC Group, when it received recognition in one of the top award categories at Redmoney’s Annual Global Awards - Islamic Finance News (IFN) Best Banks Poll 2015. 

Sri Lanka’s national carrier eyes turnaround

The national carrier of Sri Lanka is poised for a major shift in strategy, ranging from privatisation to network restructuring, in a bid to achieve sustained profitability.

Arpico’s Rigifoam celebrates 50th anniversary

RPC Polymers Pvt Ltd, manufacturers of polystyrene products under the Rigifoam brand recently celebrated 50 successful years of operations. 

Indian hotel giants to invest in Maldives

Haveeru: Indian hotel giants Oberoi and Leela are set to develop tourist resorts in Maldives, Tourism Minister Moosa Zameer announced Saturday.

Anantaya Passikudah to be unveiled in April

Passikudah located in the Eastern coast of Sri Lanka is famed for its golden sand and the sparkling blue waters of the Indian Ocean and attracts a large number of tourists every year. 

Industry leaders – Upholding a nation of strong values

A fate, ending in death, a rite of passage for the animal kingdom’s gentle giants – elephants. All for the callous want to harvest ivory.

Rating cuts on SriLankan bonds, SLT’s IDRs over sovereign downgrade

Fitch Ratings yesterday downgraded Sri Lanka Telecom PLC’s (SLT) long-term foreign- and local-currency Issuer Default Ratings (IDRs) and state-run SriLankan Airlines’ government-guaranteed bonds to ‘B+’ from ‘BB-’.

Mountain Dew launches massive marketing drive with revamped look

Mountain Dew, a Carbonated soft drink entered the Sri Lankan store shelves recently with a revamped look, introduced by  Varun Beverages Lanka (Pvt.) Ltd which distributes Pepsico products in the country.

Emirates says Hello to Yangon and Hanoi

Emirates will launch a daily service from Dubai to Yangon (RGN) in Myanmar and Hanoi (HAN) in Vietnam, starting August 3. 

Canon EOS-1D X Mark II redefines professional still and 4K video imaging

Canon launched the EOS-1D X Mark II, the new Canon flagship professional EOS DSLR model and long-awaited successor to the EOS-1D X. 

Workshop on non-tariff measures, Indian standards and regulations under ISFTA

The Commerce Department, under the patronage of the Development Strategies and International Trade Ministry and in collaboration with the Indian High Commission is organising a workshop to improve the awareness of the exporter community on the non-tariff measures and the Indian standards and regulations applicable to Sri Lankan exports.

Sustainable whale and dolphin watching tourism has positive economic impacts:IORA

The Indian Ocean Rim Association (IORA) Whale and Dolphin Watching Workshop was held in Colombo recently under the theme ‘Building Sustainable Whale and Dolphin Watching Tourism in the Indian Ocean Region’. 

Employers’ Federation launches National Network of Youth Initiatives

The Employers’ Federation of Ceylon (EFC) launched its Employers’ National Network of Youth Initiatives (ENNYI) at the EFC premises, recently. 

Singapore Exchange goes live with Millennium PostTrade

MillenniumIT, London Stock Exchange Group’s proprietary technology business, recently announced that it had successfully implemented its Millennium PostTrade platform to support SGX’s Central Depository Pte. Limited’s (CDP) business.