Premier to issue national policy statement next month

Prime Minister Ranil Wickremesinghe will be issuing a national policy statement at the onset of November, Finance Minister Ravi Karunanayake said.

Finance Minister to ask for more IMF aid

?Sri Lanka’s Finance Minister Ravi Karunanayake is to ask for more aid from the International Monetary Fund (IMF) during the Annual Meeting of the World Bank (WB) Group and the IMF, which will take place in Lima, Peru from October 9 to 11.

Tea Board to set up tea shops across island

?The Sri Lanka Tea Board (SLTB) will be setting up tea shops across the island to let the public enjoy a quality cuppa at an affordable price, according to the Plantation Industries Minister.

Pre-budget World Bank wake-up call for Sri Lanka

The World Bank (WB) this week commended the new government for its commitment to carry out much-needed political and economic reforms, but having acknowledged what has been done, the global lender stressed there is much more ...

Proposed Finance Bill deter private sector investments: chamber

The proposed Finance Bill discourages private sector investment as it sends a negative signal and is likely to deter investment, the country’s premier trade chamber Ceylon Chamber of Commerce (CCC) said.

EMS provider Falck exits citing commercial unviability

The world’s leading emergency medical service (EMS) company Falck announced that it would be halting its Sri Lankan operations at the end of October.

Sri Lanka to apply for GSP Plus end of this year: Harsha

Deputy Foreign Minister Dr. Harsha de Silva said that the government would be forwarding the formal application to regain the GSP Plus preferential trade facility from the European Union (EU) by the end of this year in the backdrop of recent international developments.

An industrial policy framework is long overdue: IASL

?Following is the speech delivered by Industrial Association of Sri Lanka (IASL) Chairman Nilam Jayasinghe at the association’s 24th Annual General Meeting (AGM) held at Cinnamon Lakeside recently.  

Korean biz delegation in town this week

A one-to-one business meeting event organised by Kotra Colombo (Commercial Section of the Embassy of the Republic of Korea) is schedule to be held on Friday, October 9, 2015, at Cinnamon Grand Hotel.

Govindasamy re-elected as Indo-Lanka Chamber President

Watawala Plantations Group Managing Director Vish Govindasamy was re-elected as the President of the Ceylon Chamber-led Indo-Lanka Chamber of Commerce and Industry (ILCCI) at its seventh Annual General Meeting held last Friday in Colombo.

Life insurance should be “bought” and not “sold”: Insurance Ombudsman

Sri Lankan society is yet to learn about the benefits of life insurance, says Insurance Ombudsman, Dr Wickrema Weerasooria. “It should be ‘bought’ and not ‘sold’, as it happens now”, he insists.

KrisFlyer members can now earn miles on Scoot and Tigerair

?Members of the KrisFlyer frequent flyer programme can now earn miles when flying on Scoot and Tigerair, in the latest enhancement to the programme.

Etihad Airways named Best Airline – Business Class

?Etihad Airways has been named Best Airline – Business Class at the 26th Annual TTG Travel Awards 2015. 

Neil Marine reinforces biz ties with Netherlands’ Vetus B.V.

Neil Marine of Neil Fernando and Company Pvt. Limited, one of the foremost customized boat building manufacturers in the island officially announced ...

Unauthorized LG air conditioners in the market

Abans, the sole agent for LG air conditioners in Sri Lanka, markets them exclusively with all duties and government taxes paid legally through its network....

JLanka overcomes burning issue of firefighting solar paneled structures

The prospect of a structure; be it a residence or a place of business, catching fire is never easily dismissed.

Bitumix shines at CNCI Achiever’s Awards

Bitumix (Private) Limited, a hundred percent Sri Lanka business entity which is holding the flagship position in the local Bitumen industry recently ....

Macksons Paint Industries wins Gold at NCE Export Awards

Macksons Paint Industries (Pvt) Ltd, the country’s largest paint exporter was adjudged the best in their category at the 23rd annual NCE Export Awards 2015, which was concluded recently at Hilton Colombo. 

Mercantile Volleyball Championship 2015

Mercantile Volleyball Championship Super league Trophy won  by  Brandix intimate apparel Minuwangoda .

wOw.lk partners NTB - American Express to offer Cardmembers fully automated Easy Settlement Plans

wOw.lk, Sri Lanka’s largest online shopping mall recently partnered with Nations Trust Bank PLC - American Express to offer its customers a fully automated extended settlement plan (ESP) facility. 

StanChart says no room for further monetary easing

Taking an apparent ‘U turn’, from its stance in June this year, Standard Chartered Bank (StanChart) last week said they do not see any room for further ...

Finance Ministry to establish think tank process

The Finance Ministry will be establishing a think tank this week to provide the ministry with comprehensive insights into the economy.

Excise duty hike to push public towards illegal alternatives

The government’s recent decision to hike excise duties to raise revenue to support the budget deficit is likely to push the populace to use riskier substances which are mostly illegal and pose higher health risks. 

Renuka swaps shares to take near full control of Shaw Wallace

In a bid to restructure and streamline the value chain among its group companies, the diversified conglomerate, Renuka Foods PLC offered to acquire 38.77 percent stake in its subsidiary,

Splendid September for tourism

September turned out to be splendid for local tourism as the industry saw arrivals for the month swelling 35.9 percent year-on-year (YoY),...

Sampath to raise Rs.7bn via debentures

?The board of directors of Sampath Bank has decided to raise Rs.7 billion through a debenture issue.

Change breathes new life into Alitalia - Etihad President

Etihad Airways, a key investor in Alitalia, believes taly’s national airline has “fantastic potential to grow” – but only if it embraces change.

Sri Lanka is one of the fastest-growing markets in South Asia: Huawei

?Huawei, Sri Lanka’s fastest-growing smartphone, announced that Sri Lanka is one of the fastest-growing markets in South Asia. 

Emirates excels at APEX Passenger Choice Awards

Emirates emerged as the biggest winner at the 2015 APEX Passenger Choice Awards held at the Oregon Convention Center Ballroom in Portland, Oregon, USA recently. 

‘Click4Life’ has boosted customer value: Asian Alliance COO

Boosted by a high standard of customer service and retention, operational efficiency and technological innovation, Asian Alliance Life Insurance has been experiencing strong growth, far above the industry norm.