Power regulator observes multiple failures at CEB for recent blackouts

Sri Lanka’s energy regulator, the Public Utilities Commission of Sri Lanka (PUCSL) has identified a number of failures on the part of the Ceylon Electricity Board (CEB) for the repeated island wide blackouts 

Economist recommends four key areas for SDG implementation

A t o p e c o n o m i s t r e c e n t l y recommended four key areas the developing nations should look at when implementing 

Fitch assigns Singer Finance’s Rs.1.5bn listed debt ‘BBB(lka)’

Fitch Ratings has assigned Singer Finance (Lanka) PLC’s (SFL) proposed senior secured redeemable debentures 

Sri Lanka’s government taxes people more in 2015

Sri Lanka’s revenue- hungr y government has taxed its people more in 2015, as the tax income to gross

Sri Lanka’s government taxes people more in 2015

Sri Lanka’s revenue- hungr y government has taxed its people more in 2015, as the tax income to gross

Macro challenges to make SL’s upper middle income dream a distant reality?

Sri Lanka’s journey towards becoming an upper middle income country is likely to be delayed, given the slower pace of economic development amid difficult macroeconomic conditions and tough external

Havelock City launches sales of phase 3 apartments

Havelock City, the premier residential development in Sri Lanka ceremoniously launched the sales of its phase 3

National Savings Bank celebrates 44 years of saving legacy

National Savings Bank recently completed the 44th year of its mission of saving. While assuring access to financial services for a greater majority of the people of this country and empowering them financially

Bangladesh seeks FBI’s help in investigating Central Bank heist

REUTERS: Bangladesh has formally sought assistance from the U.S. Federal Bureau of Investigation (FBI) to track down the cyber crooks who stole US $81 million from its central bank’s U.S. 

George Steuart Health opens third ‘Wellness Shop’ in Galle

Wi t h t h e i n t e n sion of promoting complete solutions towards a healthy life, George Steuart Health, a subsidiary of George Steuart and Co., recently opened its third branch of the ‘Wellness Shop’

Vision-driven approach key for economic welfare and national reconciliation

During the election campaign in August last year, the ministers of the “100 day” government had emphasised that

UoM students deliver commercially-viable fabric solutions for TJ

Textured Jersey (TJ), the region’s largest textile manufacturing company again extended its support to undergraduates

NTB opens digitalized ‘Inner Circle’ branch at Kandy City Centre

Continuing its pursuit of enhancing customer convenience by embracing latest technology, Nations Trust Bank PLC (NTB) has opened its second digitalized branch at the Kandy City Centre, thereby re-affirming

Astron launches ‘Healing Herbs Cough Syrup’

Astron Limited, the leading and largest privately owned local manufacturing and marketing pharmaceutical

Indian jewellers calls off strike; gold imports to rise

REUTERS: Indian jewellers called off a 19-day strike late on last Saturday after government assured they will not be “harassed” by the excise department in collecting a new tax, the head of a trade body told Reuters. 

GlaxoSmithKline chief Sir Andrew Witty to step down

BBC: GlaxoSmithKline chief executive Sir Andrew Witty is to retire from the pharmaceutical giant next year.

Making our leaders accountable for their actions

Despite the howls and protests in parliament over the last few years over Mihin Lanka’s performance, the airline continues to be in business. 

FAQ on credit rating

It is a measure of the ability of an institution to meet its obligation in full in a timely manner. A debt security 

WHO suspends TB drugs from big India supplier on quality fears

REUTERS: The World Health Organization has suspended the approval of tuberculosis drugs made by India’s Svizera Labs, a major supplier to developing countries, following an investigation into standards

Nation Lanka Finance’s Rs.502 mn rights issue oversubscribed

Nation Lanka Finance’s rights issue worth Rs.502 million closed recently and was successfully oversubscribed, with applications exceeding the initial share allocation of 502, 326, 522 ordinary shares

BlackRock’s Larry Fink paid nearly US$ 26 million in 2015

REUTERS: BlackRock Inc, the world’s largest asset manager, raised total compensation for Chairman

Asian Banker ranks HNB ‘The Best Retail Bank’ for 8th time

Hatton National Bank PLC (HNB) was once again recognized as ‘The Best Retail Bank’, in Sri Lanka at the ‘

IPS calls policy makers to engage more with consumers

The Institute of Policy Studies of Sri Lanka (IPS) stresses the importance of consumers and policy makers getting together to identify issues that affect the country’s consumers. IPS Executive Director, 

Ceylon Oxygen showcases novel healthcare solutions at ‘Medicare’

Ceylon Oxygen Limited (COL), a member of The Linde Group, is the country’s premier supplier of industrial

Starwood signs first U.S.-Cuba hotel deal since 1959 revolution

AFP: Starwood Hotels & Resorts Worldwide on Saturday became the first U.S. hotel company to sign a deal with Cuba since the 1959 revolution, announcing a multimillion-dollar investment a day before U.S.

HSBC focuses on tradition and family re-unions as core theme this New Year

As the Sinhala and Tamil New Year approaches, HSBC prepares to celebrate this auspicious season with customers, by offering a plethora of savings across many categories and facilitating family re-unions

Nawaloka Hospital transforms liver disease treatment

Today liver disease is rising in Sri Lanka at an alarming rate, and is the second most common cause of hospital deaths after heart disease. For decades now, patients have had little choice but to take recourse

Creating a customer-centric company is the smartest decision of a CEO

At its core, Customer Relationship Management (CRM) is about acquiring customers, knowing them well, 

China says economy still under pressure, but recent data shows improvement

China’s economy still faces downward pressure but recent data points to some improvement in activity,

Embracing ‘Opportunities’ – A fun-filled weekend of networking, ambition and learning

The British Council Sri Lanka was pleased to launch ‘Opportunities’ – a career and skills summit in its