Sri Lanka set to pursue pro-western trade and foreign policy: Harsha

The country’s trade and foreign policy will be hugely pro-western going forward, according to the Deputy Foreign Minister who was speaking at the US Trade Show organized by the US Embassy and the American Chamber of Commerce at the Galadari Hotel yesterday. 

Arbitrary taxes on tourism industry: Why the govt. trying to kill the goose that lays golden eggs?

?I am writing this in my personal capacity and not representing Sri Lanka Association of Inbound Tour Operators’ views officially. However, I strongly believe a large majority of our members would carry the same sentiments. 

Laugfs inks agreement with Chinese firm to build US$ 80mn LPG terminal in Hambantota

Laugfs Terminals Limited, a subsidiary of Laugfs Gas PLC yesterday signed an agreement in Colombo with the China Huanqiu Contracting and Construction Corporation (HQC) to construct the Laugfs LPG (Liquid Petroleum Gas)

Colombo’s bus and 3-wheeler services: Logistics expert calls for public pressure to regulate sector

The public should pressure the government to regulate Colombo’s bus and 3-wheeler services, an expert said at a recent forum.

Govt. mulling FTAs with Singapore, US

The government is considering starting negotiations on a free trade agreement (FTA) with Singapore as a part of its strategy to increase Sri Lanka’s global competitiveness.

Credit profiles of listed plantation companies to further weaken: Fitch

Stricken credit profiles of Sri Lanka’s listed tea plantation companies will further dampen with slumping prices and soaring wages continuing to challenge the progress of the entities, an international rating agency said. 

BoC 3Q net up 8% over massive loan growth, asset quality erodes

The state-owned banking giant, Bank of Ceylon (BoC) group posted a net profit of Rs. 5.7 billion for the quarter ended September 30, 2015 (3Q15), up 8.3 percent from a year ago, on the back of a strong growth in its lending book but the asset quality weakened, the interim results showed.

EU hails Sri Lanka’s recent progress in implementing Human Rights, labour and environment conventio

Sri Lanka received much praise from the EU’s latest council meeting where it has been indicated that the country has been successful in paving the way for greater engagement that would help boot economic prosperity.

Dr. Senthilverl buys 10% stake in Panasian Power

?High net worth investor Dr. T. Senthilverl has invested in a 10 percent stake in mini hydropower producer Panasian Power PLC.

People Bank’s 2.7mn shares in Asiri Hospitals change hands

Asiri Hospitals Holdings PLC yesterday saw 2.7 million of its shares at Rs.25 cross at the Colombo Stock Exchange (CSE) yesterday, which happens to be the exact stake of the entity held by state-owned People’s Bank.

An open letter to Labour Minister on retirement age of planting executives

The Ceylon Planters’ Society wishes to address this communiqué to the Labour Minister questioning the retirement age of planters.

Uncertain times cast a cloud over happiness in Asia

The new normal of a global economy seems to be that happiness is harder to grasp for ordinary people. There are two major reasons for this.

Ruhunu Hospitals relaunches laboratory services

Ruhunu Hospitals in the Southern Province, equipped with modern facilities and offering its services at affordable prices to patients,...

Emergency Calls launches total care facility for special needs patients

Emergency Calls (Pvt.) Ltd, a leading emergency medical services and ambulance service provider, recently launched a first-of-its-kind complete care facility in Rajagiriya for patients with special medical needs. The centre was declared open following religious observances.

Lanka Hospitals ready with range of treatments for all types of strokes

Lanka Hospitals, the international standard tertiary care hospital which has a wide range of treatments suited to treat types of strokes, ranging from surgical intervention to clot busting drugs, says early diagnosis and intervention is key to the well-being of the patient.

Sri Lanka to focus on medical tourism

The inaugural meeting of the Council for the Promotion of Medical Tourism was held with the auspices of Tourism Development Minister John Amaratunga recently. 

China Products Exhibition kicks off on Friday

It will be the first-ever appearance in Colombo and a total of 70 companies are ready for the grand display when the China Products (Colombo, Sri Lanka) Exhibition is held from November 20 - 22, 2015 at Sri Lanka Exhibition & the Convention Centre (SLECC).

STC General Trading gets new Chairman

STC General Trading Company Ltd, Sri Lanka’s state supply giant once named as the best state institute by Committee on Public Enterprises (COPE), has a new Chairman who was a two-time Provincial Councillor.

JITF 2016 in January

The northern region of Sri Lanka will welcome once again for the seventh consecutive year, the Jaffna International Trade Fair (JITF 2016). Considered by the people in the North as the largest exhibition and consumer fair, the event takes place from January 29 - 31, 2016 in Jaffna.

Oxford Society of Sri Lanka reconvenes

After many years, the Oxford Society of Sri Lanka, comprising of alumni that had enrolled into one of the colleges or Halls, will meet to re-establish the society.

Abans introduces seasonal offers on LG G4 smartphones

Here’s an offer from Abans that’s too good to miss. The state-of-the-art LG G4 smartphone now comes with Rs.15,000 worth of free accessories (additional battery with charging kit and a smart circle leather flip cover). 

MyDeal.lk celebrates 4 years

In this day and age where ‘start-up’ is the buzzword and ecommerce companies are mushrooming, one of Sri Lanka’s pioneer daily deal website start-ups, MyDeal.lk celebrated four years of successful operations in Sri Lanka.

IFS signs Empire Teas for Applications 9

IFS, the enterprise applications company, signs its third customer in Sri Lanka’s tea export industry with the signing of Empire Teas (Pvt.) Ltd, which will deploy IFS Applications 9.

SLT organises e-Sports Championships

Who said gaming was a waste of time? Sri Lanka Telecom (SLT) is pioneering Sri Lanka’s first-ever gaming tournament with its next-level fibre optic broadband and the winners will be walking away with more than a sense of accomplishment.

ICTA partners APICTA 2015

The Federation of Information and Technology Industry Sri Lanka (FITIS) and BCS, the Chartered Institute for IT, Sri Lanka Section announce that the APICTA 2015 international awards ceremony, ...

Wickramarachchi Opticians introduces Google Glasses

In another pioneering venture to introduce the latest technological advancements to Sri Lanka, Wickramarachchi Opticians recently introduced the revolutionary ‘Google Glasses’ ....

Jarek Ziebinski – Chairman & CEO of Leo Burnett Asia Pacific to visit Sri Lanka

?Jarek Ziebinski – Chairman and CEO of Leo Burnett Asia Pacific will arrive in Sri Lanka on 19 November 2015, to meet with the management of Leo Burnett Solutions Inc

An illustrated talk on ‘Shakespeare’s Gardens’ by Sir Roy Strong at the Land Rover Showroom

The renowned Fairway Galle Literary Festival 2015 announces its first talk series by the world famous Sir Roy Strong on ‘Shakespeare’s Gardens’. 

Making Colombo a global financial centre

Since the change of government early this year, the country’s new leadership has announced a few mega development projects, which when implemented, can catalyse economic   transformation.

Sri Lanka’s largest brewer slams govt. on alcohol policy

Fully-charged Lion Brewery Ceylon PLC, Sri Lanka’s largest brewer, has slammed the new government for toying with the country’s alcohol policy, endangering the health of the population.