Iran shows optimism about crude oil concessions to SL

Iran government has responded positively to supply crude oil to Sri Lanka at concessional prices, a Sri Lankan Finance Ministry statement yesterday said.

S’pore High Commissioner imparts knowledge on investment best practices

The Board of Investment of Sri Lanka (BoI) conducted an interactive discussion where the chief guest was High Commissioner of Singapore to Sri Lanka Chandra Das. The High Commissioner shared his

Sarada de Silva invited to address World Spice Conference 2016

National Chamber of Exporters of Sri Lanka (NCE) President Sarada de Silva is invited to attend World Spice Conference 2016 and make a presentation on ‘Spice Industry – Sri Lanka Perspective’. Since its inception in 

Over 100 foreign investors to attend CCC ‘Sri Lanka Investment Business Conclave’

The upcoming ‘Sri Lanka Investment and Business Conclave’ organised by the Ceylon Chamber of Commerce (CCC) has attracted 100 plus overseas investors with the largest group expected to come from Kuwait,

LOLC group attracts US $ 247 foreign funding through ADB, FMO

The LOLC group has attracted US $ 247 million in funding for three of its subsidiaries through the largest ever syndicated loan for the Sri Lankan non-banking financial sector so far. “This is the largest facility 

Post-sanction Iran aims to boost bilateral relations with ‘friendly’ Sri Lanka

In a bid to boost trading activities following the removal of sanctions, Iran yesterday stressed its willingness to enhance bilateral relations with “friendly” Sri Lanka. Calling for increased efforts between the two countries

Shares end lower as investors shun risky assets

REUTERS: Sri Lankan shares edged down for a second straight session yesterday, hovering near a 22-month low, as investors preferred low-risk assets in line with global peers and as an interest rate hike last week 

Malaysia and S’pore to offer insight into restructuring SoEs

The Sri Lankan government will be entering into discussions with two of the world’s largest sovereign funds over the next two weeks to strategize the restructuring of the ailing stateowned enterprises (SoEs). 

Govt. to enter 2-month economic restructuring phase: FinMin

The government will be entering a restructuring phase over the next two months to bring in the exchange management legislation and a facility from the International Monetary Fund (IMF), the country’s Finance Minister said. 

Fonterra opens demo farm, training centre

New Zealand Prime Minister John Key, who is currently visiting Sri Lanka, is being given an explanation about the activities of the first-ever Fonterra Demonstration

ETIHAD AIRWAYS ANNOUNCES GLOBAL SALE IN SRI LANKA

Colombo, SRI LANKA – Etihad Airways, the national airline of the United Arab Emirates, is offering travellers from Sri Lanka fantastic savings in its latest Global Sale.

Nation Lanka Finance announces Rights Issue to raise Rs. 502 million

Nation Lanka Finance (NLF) has announced a Rights Issue to raiseRs. 502 million to support the company’score capital requirement and ensureits compliance withregulationsthat have been stipulated by the Central Bank of Sri Lanka.  

Nobel Laureateto lead Sustainability Dialogue at Kadirgamar Institute

A Dialogue on Sustainable Development, led by the internationally renowned economist and Nobel Laureate, Sir James Mirrlees,will be held at the Auditorium of the Lakshman Kadirgamar Institute on Thursday, 25thFebruary 2016.

Blue Mountain Apartments launches its latest project in Dehiwela

Blue Mountain Apartments, part of the Blue Mountain Group of companies has launched its latest apartment project in Dehiwala. The new project is part of the ‘Sovrano’ range and is designed to meet the growing housing needs of customers who are seeking affordable and high quality homes near Colombo

Permoglaze ‘Scratch and Win’ first round winners rewarded

JAT Holdings, Sri Lanka’s undisputed leader in the furnishing and finishing industry, launched its Scratch and Win Permoglaze promotion on 13th December 2015 to herald the holiday season In continuing its own inimitable pioneering fashion,

FC app gives capital market information at your finger tips

First Capital Holdings PLC (FC), a full-service investment bank with 30 years of experience, recently launched ‘FC Capital Market App’

UB Finance reaches Eastern region with Kalmunai

UB Finance, a subsidiary of Union Bank of Colombo PLC, has successfully implemented its branch expansion initiative so as to cater to the needs of its customers islandwide.

HNB delivers big in 2015; profits cross Rs.10bn mark 

Hatton National Bank (HNB) group recorded net profit (equity holders of the bank) of Rs.10.5 billion for the year ended December 31, 2015 (FY15)

Sampath Bank introduces ‘Missed Call Banking’

In keeping with its longstanding recognition for coupling convenience with technological innovation, Sampath Bank is adding yet another service to its existing mobile banking facility.

Thumbs-up for PickMe’s women drivers

While women taxi drivers are a rare sight on our city roads, PickMe, Sri Lanka’s latest solution to hailing taxis through one’s mobile device...

Moota Telecom and hSenid Mobile transform future of telcos in digital services

At the Mobile World Congress (MWC) 2016 currently being held in Barcelona, Spain, Moota Telecom and hSenid Mobile in strategic partnership showcase how telcos can transform...

Measuring the intangible: A modern finance dilemma

Over the past decade, it has become clear that the way we measure the value of businesses has changed completely. 

January motor vehicle registrations slump

Sri Lanka’s motor car registrations crashed across the board in January amid the new LTV rules on vehicle financing and significantly higher increase in import tariffs.

Bourse bets big on IMF package for recovery

A standby facility with the International Monetary Fund (IMF) could boost the Colombo bourse as such an arrangement would likely to push the state towards divesting...

Lack of rules governing foreign ownership of property would lead to manipulation: expert

The non-publication of any regulations or guidelines allowing foreigners to own land on a freehold basis up to now could allow the system to be manipulated by officials, an expert said.

National consumer prices down 0.7% in January

Sri Lanka’s national inflation measured by National Consumer Price Index (NCPI) has slowed down to -0.7 percent on year-on-year basis mainly due to the higher base of the corresponding period in 2015. 

TAC partners with Earth Hour Sri Lanka as official social media agency

Team TAC partnered with the Sri Lankan operationsof WWF's global environmental movement EarthHour. Among the world’s first open-source climate change campaigns, EarthHourin forms, 

ADB chief pledges more funding; wants better fiscal management

Impressed with the changes witnessed in the economy that is in the hands of a unity government, visiting Asian Development Bank (ADB)

TMI Solutions moves IVD business to new location

TMI Solutions (Pvt) Ltd, the sole distributor for Nihon Kohden Corporation products in both Sri Lanka and Maldives moved its In Vitro Diagnosis (IVD) operations to a new premise in Rathmalana recently.  The occasion was graced by Yasuhiro Yoshitake, senior board member of the Nihon Kohden Corporation and Eiji Iwasaki, Managing Director for Nihon Kohden Corporation Singapore Regional Head quarters. 

Rodney Koelmeyer receives Special Recognition Award from Israel

Rodney Koelmeyer – Chairman / Managing Director of Superlink Travels received a Special Award in Recognition for his devotion to the State of Israel for over 30 years.   t was presented at a special ceremony held in Tel-Aviv on  February 09th.