‘Visit Kelaniya 2016’ to boost cultural diversity

Sri Lanka Tourism expects to improve the density of tourism in Kelaniya, Colombo during the period of the Duruthu Perahera which falls in January. 

Abishek Sithampalam speaks at Big Data Analytics Conference

Abishek Sithampalam, the CEO and Co-Founder of retailgenius.com and Co-Founder of findmyfare.com recently delivered the keynote address at the Big Data Analytics Conference, which was held at the University of Kelaniya. 

No quick fixes for industry dynamics, but will bring transparency and fair play: Navin

Sri Lanka was once proud of its high-performing tea, rubber and coconut sectors, but lack of emphasis and proper direction over the years have resulted in these areas to witness dampened progress.

Ceyoka’s waterproofing solutions meet demands of prestigious projects

Having contented atmosphere around you especially during rainy seasons is crucial in keeping a house or a building dry, making it more comfortable to work or live in and to protect internal fixtures and fittings inside from damage as a result of excess humidity or exposure to water.

SLIM holds open day for Strategic Brand Management Diploma

The open day of the Diploma in Strategic Brand Management (DSBM), the first and only diploma in Sri Lanka for branding, was organised by Sri Lanka Institute of Marketing (SLIM) recently, ahead of its sixth intake.

Taiwan Textile Fair begins on November 27

On popular demand, Taiwan Textile Fair returns to Colombo on November 27 and 28 for its annual showcase at Taj Samudra, Grand Crystal Ballroom premises.

Oviklo commences Kaduwela warehousing facility construction

In an effort to set the benchmark ever higher for the logistics sector Oviklo, a leading player in the logistic solutions provision sector in Sri Lanka, recently engaged in the construction of a state-of-the-art warehouse facility in Kaduwela – providing easy access from all routes.

Rainco unfurls ‘World of Outdoor’ in Colombo

Offering a wide collection of furniture and accessories to cater outdoor needs, Rainco, a leading brand for rainwear in South Asia opened its flagship store, ‘World of Outdoor’ (WOO) in Colombo recently.

Foundation of Goodness donates water purification machine to Weweldigiliya village

The Foundation of Goodness, a social service organisation, donated a ‘Propre’ reverse osmosis (RO) water purification system machine with a capacity of purifying 5,000 litres of water per day, to the far-flung, poor village of Weweldigiliya in Mihintale, Anuradhapura, recently.

Brandix HQ wins Gold at National Energy Efficiency Awards

Less than nine months after it was commissioned, the new head office of the Brandix Group won the ‘Gold Flame’ for Commercial Buildings in the Large Scale category at the Sri Lanka National Energy Efficiency Awards 2015,

Ashley Furniture HomeStore launched in Sri Lanka

?High-quality and innovative furniture is an investment for a lifetime for both households as well as commercials. 

Budget lacks fiscal consolidation: Fitch

Leading international rating agency Fitch Ratings said yesterday Sri Lanka’s fiscal position still runs the risk of further deterioration as the 2016 Budget did not bring about fiscal consolidation, while growth will be much less than stated in the Budget.

FM warns of funding cuts if zero budgeting ignored

Ministries not adhering to the zero-based budgeting concept will receive no funding in future budgets, Finance Minister Ravi Karunanayake said at a budget seminar organized by the Chartered Management Accountants yesterday.

Budget’s fiscal discipline facilitates CB’s monetary policy: Deputy Governor

The ambitious fiscal discipline observed in the 2016 Budget will allow the Central Bank to maintain an easy monetary policy, while facilitating private sector growth, a top official said.

Shares near one-week closing low; financial stocks lead

REUTERS - Sri Lankan shares closed at their lowest in nearly one week yesterday on worries earnings of financial firms would fall after the new budget proposals announced last week were implemented.

Government policy to slow small car sales

Fitch Ratings expects growth in sales of automobiles, mostly small cars, in Sri Lanka to slow in 2016 due to higher taxes and a weaker currency, which will increase prices of vehicles in the local currency.

CB keeps key policy rates unchanged

Central Bank kept interest rates unchanged to support growth and help counter the rupee’s fall to a record low.

Budget proposal on Govt. guarantee for NBFI deposits receives mixed reactions

The 2016 Budget’s proposal to guarantee the deposits of all non-banking financial institutions (NBFIs) may have been poorly conceived, but will have limited effects on the banking sector, experts said at the CA Sri Lanka Budget Seminar.

Ceylon Chamber-CCPIT investment and trade forum conducts 400 B2B meetings

The Sri Lanka-China Investment and Trade Symposium jointly organised by the China Council for Promotion of International Trade Zhejiang, Zhejiang Chamber of International Commerce and Ceylon Chamber of Commerce (CCC) was held in Colombo on November 23.

Next NCC ‘Meet the Minister’ on December 3

Local Government and Provincial Councils Minister Faizer Mustapha will grace the National Chamber of Commerce (NCC) on Thursday, December 3, 2015 for an interactive session from 3:00 p.m. to 4:30 p.m., at the Chamber Auditorium and to meet the business community.

Ready to solve Kotte’s housing issue: Harsha

He is prepared to do everything possible to resolve the housing issue of the low-income earners in the Sri Jayewardenepura electorate, said External Affairs Deputy Minister Dr. Harsha de Silva during a ceremony held recently at the United National Party (UNP) office in Nawala.

India-Sri Lanka cooperation in joint sea exploration

India and Sri Lanka are strategically located at a crossroads within the Indian Ocean; a body of water 68.5 million sq. km in extent and the third largest of the world’s oceans, after the Pacific and Atlantic Oceans. 

Budget 2016 reflects foreignization policy of national unity government

In presenting the Budget without a tea break, Finance Minister Ravi Karunanayake said, “We have a dream to be a developed nation. 

Education and health in Budget 2016: Grand promises don’t bode well for governance

Governments make attractive promises when presenting the Budget. However, successive Budgets have shown that making promises is easier than keeping them. 

Crysbro contributes to environment

As the latest of the countless social service programmes carried out by Crysbro during its 43-year history, recently, Crysbro got together with Rotary Club District 3220 for a tree-planting project near the Daduru Oya Reservoir. 

Laugfs ‘Atha Hitha’ health camp attracts hundreds from local communities

Laugfs Gas PLC, recently held a free health camp entitled ‘Laugfs Atha Hitha’ at the Manelwatta Temple in Bollegala, demonstrating its commitment to the local community.

DFCC supports displaced Jaffna, Vavuniya flood victims

DFCC Bank recently donated dry rations to families from Vaatharawathai who were affected by the continuous rainfall that resulted in heavy flooding in the North of Sri Lanka. 

AIA brings ambition to life for 25 undergraduates

It was a life-changing experience for 25 undergraduates from four universities when they attended a workshop on the theme ‘Bring Your Ambition to Life’ conducted by AIA Sri Lanka.  

Pan Asia Bank donates water purification project to village battling CKD

Pan Asia Bank, one of the fastest growing commercial banks in Sri Lanka, celebrated its 20th anniversary in a meaningful manner by completing a corporate social responsibility (CSR) project to build a water purification plant in Thanthirimale.

Findmyfare.com partners with Kuwait Airways for exclusive offer

The national air carrier of the State of Kuwait has tied up with Findmyfare.com for an exclusive deal to offer an exciting package for the passengers travelling to London, Rome, Paris and New York.