Rate hike not ruled out if credit continues to accelerate: CB

Despite inflation remaining at benign levels, Sri Lanka will have to jack up interest rates if credit growth continues to grow at a faster pace, Central Bank (CB) Governor Arjuna Mahendran said.

Trans-Pacific Partnership spells trouble for Lankan apparel sector

?The signing of the Trans-Pacific Partnership (TPP) agreement touted as the ‘21st century trade agreement,’ could spell trouble for the Sri Lankan apparel sector and Sri Lanka must ask for similar treatment, according to a leading economist.

Fourth ‘Ease of Doing Business’ forum on this Thursday

?The fourth ‘Ease of Doing Business’ forum is scheduled to be held on October 1 at Miloda Centre Auditorium Colombo 1. This event, chaired by Finance Minister Ravi Karunanayake, will bring on the spot solutions for business entities to uplift the business environment in Sri Lanka. 

Tourism stakeholder cautions not to kill the goose laying golden eggs

A leading tour and hotel operator in the country called on the industry stakeholders to become sustainable and not kill the goose that lays the golden egg. “This industry has the potential to cure many, if not all the ills of the country. It is in fact the low hanging fruit.

Public servants to fill leisure sector HR dearth long shot: Dinesh

?Getting public servants to switch careers to the leisure sector to address the human resource shortage in the sector would not be the way to address the issue, according to National Human Resource Development Council Chairman Dinesh Weerakkody.

Rupee hits new record closing low

?REUTERS: The Sri Lankan rupee closed at a fresh record low yesterday as dollar selling by exporters helped the currency recover from a record intra-day low, offsetting demand for the greenback by importers, dealers said.

Lankan private health sector poised for strong sustainable growth: Fitch

Sri Lanka’s private health sector is poised for strong sustainable growth for the foreseeable future, international ratings agency Fitch Ratings said.

CSE joins United Nations sustainability initiative

?The Colombo Stock Exchange (CSE) joined the United Nations (UN) Sustainable Stock Exchanges (SSE) initiative, a partnership among the UN, UN-supported organisations, stock exchanges, investors, companies, regulators and governments around the world. 

Sri Lanka could see oversupply in luxury property market: Oxford Business Group

?Supply is set to overtake demand at the high end of Sri Lanka’s residential property market, with a series of large-scale projects under way in and around Colombo.

Millions of tourists, millions of opportunities

This year´s World Tourism Day highlights the global potential of tourism for socioeconomic development. “With more than one billion international tourists now traveling the world each year...

CIC’s stationery brand CIAL launches premier ball point pen range

?CIC’s stationery brand, CIAL recently launched its premier ball point pen range at the Rajarata University Career Fair.

Fashion Bug uplifts Ragama Hospital through its CSR initiatives

Fashion Bug, one of Sri Lanka’s leading retail clothing stores with over 16 outlets island-wide, in its series of various CSR activities recently installed direction boards at Ragama Hospital adding ease and convenience to the public.

CIMA pushes for Lanka’s state sector clean up

The Sri Lankan division of the world’s largest professional accounting body for management accountants, the Chartered Institute of Management Accountants of United Kingdom (CIMA –UK)...

Acute skills shortage in key sectors could hold Sri Lanka back

Annually, the World Economic Forum ranks countries in the Global Competitiveness Index — a decent gauge of which nations are best positioned to squeeze efficiency out of their businesses and to attract companies and investment from overseas.

Trends in security: Five developments to expect in 2015

For Jane Doe, the Internet is her life. Her work involves being online all day. She does most of her bill payments and purchases, from groceries to clothing, online.

CSSL holds National IT Conference 2015

The CSSL is best known in Sri Lanka for hosting the National IT Conference (NITC), which provides a platform for national and international speakers to present papers and keynote speeches.

Virtusa wins three Golds at NCE Awards

Virtusa Corporation, a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience...

Can ‘Big Data’ benefit enterprises in Sri Lanka?

By now most of you must have heard the term ‘Big Data’ and have had the question ‘What is Big Data’, ‘Why is it called Big Data’ and ‘Why is this important to me or a company?’ There are many explanations for this but the simple answer to the question, of what Big Data is.

Marriott’s new resort and spa in Weligama uses ACL fire retardant cables

ACL Cables PLC has supplied 100 percent of the wiring for international hotel chain Marriott’s new resort and spa in Weligama. 

ETA Melco celebrates 35 years in Sri Lanka

?ETA Melco, the global leader in providing end-to-end solutions in vertical transportation celebrated 35 years of their market presence in delivering excellence in a gala event held at the Grand Ballroom of Galadari Hotel on 10th September 2015.  

ABC T&I appoints Appollo Distributors as Maxell re-distributor

ABC Trade & Investments (Pvt) Limited, one of Sri Lanka’s leading IT products companies and the authorized distributor in Sri Lanka for Maxell Consumer Batteries, has appointed Appollo Distributors (Pvt) Ltd as a re-distributor for Maxell batteries. 

Turkey-Sri Lanka business chamber inaugurated

The Turkiye-Ceylon Business Chamber was inaugurated this week to promote bilateral ties and exploit opportunities between the two countries and the world.

An international perspective of the Sri Lankan real estate market

?Aside from noticeable evidence, the growth of the economy, specifically the real estate and tourism sectors in Sri Lanka, have been repeatedly publicised over the post-war period. Yet, how do international investors perceive it?

Seylan Scholar partners Adyapana 2015 as Official Banker

?Seylan Bank, redefining the boundaries of higher education joins Adyapana 2015 as the official banking partner organized by Lanka Exhibition and Conference Services and driven by St. Thomas’s College Old Boys’ Association for the tenth consecutive year.  

Hayleys Industrial Solutions organises joint seminar on performance tyres, technical rubber goods an

?Rhein Chemie Additives, a Lanxess Business Unit affiliated to Hayleys Industrial Solutions, jointly organised a technical seminar for performance tyres, technical rubber goods and latex products recently at the Kingsbury Hotel. 

Ceylon Chamber Import Section to mark 80th anniversary

The Import Section of the Ceylon Chamber of Commerce (CCC), which is regarded as the largest grouping of local importers, will mark its 80th anniversary on November 22, 2015, thus marking an eventful and productive service contributed to the Sri Lankan economy.

Excon 2015 to enable rapid infrastructure development in Sri Lanka and SAARC region

?Confederation of Indian Industry (CII) in association with the Ceylon Chamber of Commerce and Indian High Commission organised a preview on Excon 2015 – South Asia’s largest event for the construction equipment industry.

Home Lands Skyline launches Luxe Residencies

One of the leaders in the Sri Lankan real estate industry – Home Lands Skyline Pvt. Ltd., a fully owned subsidiary of Home Lands Pvt Ltd headed by Nalin Hearth recently added another brand to the company’s flagship condominium project ‘Luxe Highway Residencies’...

Strong investor confidence for Pan Asia Bank debenture issue 

Pan Asia Banking Corporation PLC (Pan Asia Bank) last week saw its Rs.4 billion senior debenture issue being oversubscribed on the opening day itself, receiving applications for over Rs.5.5 billion. 

Nation Lanka Finance posts Rs. 38 mn PAT in 2015/2016 1Q

?Following its dynamic turnaround, Nation Lanka Finance has shown promising results in 1Q of 2015/2016, with the company recording a profit after tax (PAT) of Rs. 38 million for the period under review.