Rupee up on bank dollar selling

REUTERS - The Sri Lankan rupee edged up yesterday as banks sold dollars with subdued importer dollar demand due to measures taken by the government to discourage vehicle imports, dealers said.

UK construction output slumps in August, adding to signs of economic slowdown

REUTERS: British construction output fell in a rainy August at its sharpest rate since late 2012, adding to signs that overall economic growth slowed in the third quarter, official data showed yesterday.

Standard Chartered CEO Bill Winters plans to cut about 1,000 top staff

?REUTERS: Standard Chartered’s new Chief Executive Bill Winters plans to cut up to a quarter of the bank’s most senior staff to reduce costs, according to a memo sent to staff, a move likely to result in the loss of around 1,000 top jobs.

Emerging currencies, Asia equities rally on Fed minutes

?Malaysia’s ringgit and Indonesia’s rupiah led an emerging market rally against the dollar yesterday while Asian equities also pushed higher after minutes from the Federal Reserve’s latest policy meeting suggested it could keep borrowing costs at record lows into next year.

Expect Chinese economic transformation to be bumpy, says IMF chief Christine Lagarde

?PTI: As China shifts to a new growth model, the International Monetary Fund chief Christine Lagarde has cautioned that this transformation of the world’s second largest economy is expected to be bumpy and not a smooth ride.

SLT Speed Up “Rata Wata” journey begins

The 1st of October 2015 signaled the beginning of Sri Lanka Telecom’s Speed Up journey, “Rata Wata”, which started off at SLT headquarters in Fort. This is to mark the SLT Broadband campaign throughout the month of October.

SOS Children’s Villages Sri Lanka launches #childinme campaign

SOS Children’s Villages Sri Lanka recently launched the #childinme campaign to mobilize support for thousands of children in need across the country.

North Western Provincial Environmental Authority reaffirms that Jiffy Products Sri Lanka’s Kobeigane

Officials from the North Western Provincial Environmental Authority (NWPEA) recently inspected the Jiffy Products facility in Kobeigane and concluded that all operations conform to environmental and industry guidelines set by the NWPEA. 

Tea exports to Poland could be further enhanced: CCC Chief

Ceylon Tea is well known in Poland and the potential to increase our exports of tea to Poland further is immense. We also urge the Polish business community to look at other agricultural products for import and export to boost...

Netherlands extends support to local industries

?The new Netherlands Ambassador Joanne Doornewaard was the chief guest at the recent PUM Netherlands Senior Experts presentation of their services to local industries. 

Bank of Ceylon acknowledges Year 5 scholarship achievements

?The Bank of Ceylon extended its warm wishes to all island best students who performed exceptionally well at year 5 scholarship examination. 

LBR-LBO Infrastructure Summit to focus on sustainable smart cities

The LBR-LBO Infrastructure Summit organised by the Lanka Business Online (LBO) will be kicked off on November 3 at the Cinnamon Grand Hotel. 

Lamudi to host second annual Real Estate Conference this month

?The second annual real estate conference will take place on October 21, from 3pm - 8pm, at the Bandaranaike Memorial International Conference Hall. 

National Chamber conducts seminar on ‘Practical Time Management’

A half day seminar on “Practical Time Management” will be held on 30 October from 2.00 pm to 5.00 pm at the National Chamber Auditorium,   Colombo 10.

SAGT receives top productivity rankings from USA’s Journal of Commerce

South Asia Gateway Terminal (SAGT) is recognized by the Journal of Commerce (JOC USA) in its annual Terminal Productivity Ranking 2014 as number one in South Asia and four in the world.

EU pledges 43mn euro grant for regional development, technical assistance

The European Union has agreed to provide a grant of 43.7 million euros for regional development purposes and to provide technical assistance, Cabinet Spokesperson Rajitha Senaratne said.

Sri Lanka’s 2016 expenditure estimated at Rs.3, 138 bn

?Sri Lanka’s total spending for the next year is estimated at Rs.3, 138 billion and the estimated revenue is Rs.1, 789 billion inclusive of foreign grants.

Storm brews in Ceylon tea cup with falling auction prices

Storm brews in the Ceylon tea cup as the monthly tea auction prices took a further plunge in September, despite being a promising season for recovery.

Kingsbury to manage Platinum Apartments

?The Kingsbury PLC, the owners of The Kingsbury Hotel yesterday said it had entered into an agreement with Platinum Realty Investments (Private) Limited to manage the Platinum Apartment Complex located in Colombo 03.

Experts call for national pension policy framework

The Sri Lankan government must work towards creating a national pension policy framework to ensure financial security for the rapidly ageing population of the country, experts told a National Pensioners Day Symposium organized by the Department of Pensions yesterday. 

Laksathosa to embrace Singaporean model for revival

?Sri Lanka is to get Singaporean technical assistance for the revival of the state-owned retail chain Laksathosa, which has about 310 outlets island wide, the country’s Industry and Commerce Ministry said.

Amagi Lagoon Resort and Spa to expand accommodations

Amagi Lagoon Resort and Spa is a four-star hotel located within seven kilometres to Bandaranaike International Airport. The hotel,...

findmyfare.com opens Travel Shop at World Trade Centre

?Sri Lanka’s largest online travel company, findmyfare.com recently opened its first Travel Shop at the World Trade Centre in the commercial hub of Colombo. 

Lonely Planet crowns Elephant Reach ‘Best Wildlife Resort’

?Elephant Reach Hotel, Yala, earned top honours as Lonely Planet Magazine, India’s ‘Best Wildlife Resort (International)’, 2015. 

Tourism Minister meets German and Japanese Ambassadors

Tourism Minister John Amaratunga met with German Ambassador to Sri Lanka Dr. Jueroen Morhard and Japanese Ambassador in Sri Lanka Kenichi Suganuma to discuss new opportunities for Sri Lanka Tourism in the German and Japanese markets. 

SriLankan bags an aviation industry Oscar

SriLankan Airlines was awarded the Superior Achievement in Passenger Experience-Asia Pacific Region, at APEX Awards 2015 - what most consider the Oscars of the airline world - held in Oregon, USA.

Succeeding at work and home alike

Even though success can be defined in different ways by different individuals, the balance between work and home is the real success that one can achieve. 

Do entrepreneurs retire?

Like most things in life, entrepreneurship too comes to an end. The allure of starting a business, watching it flourish and letting it become a powerhouse can and does fade as time goes by.

Power of Play and Mind Adventures present gender sensitivity and awareness training

Power of Play in collaboration with Mind Adventures theatre company presents a gender sensitivity and awareness programme for the workplace: ‘Exploring Gender – Strategies for Good Practice’. 

CIM-First Capital enter strategic alliance

The Chartered Institute of Marketing Sri Lanka (CIM) entered into a strategic alliance with First Capital Holdings PLC, country’s leading investment bank to further strengthen the knowledge and expertise of both fields.