World food prices fall further in June - UN FAO

?REUTERS: Global food prices fell in June, continuing an almost uninterrupted slide since April 2014, led by falling dairy and sugar prices, the United Nations food agency said yesterday.

New set of economic data flounders previous estimates

The rebasing exercise carried out by the Department of Census and Statistics (DCS) has revealed that Sri Lanka’s economy grew only 4.5 percent in 2014 as opposed to the projected 7.4 percent. 

Cargills Food City outlets to facilitate foreign remittance transactions

Cargills Bank, a subsidiary of Cargills (Ceylon) PLC, has launched a facility to allow the receiving of foreign remittances through Cargills Food City outlets.

Hambantota Port’s stage II water filling ceremony tomorrow

?The water filling ceremony of stage II of the Hambantota Port is scheduled to be held tomorrow (July 11), under the patronage of Ports and Aviation Minister Arjuna Ranatunga.

CSE to introduce new rules to make IPOs more transparent

A couple of rules are being contemplated to be introduced for future initial public offerings (IPOs) at the Colombo Stock Exchange (CSE) to empower potential investors to make better decisions in subscribing to new share issues.

Asiri Hospital completes Horton Place land sale

?Softlogic Group company Asiri Hospital Holdings PLC has concluded the sale and transfer of land occupied by Asha Central in Horton Place for Rs. 2.7 billion, a market announcement said.

Why decluttering life sets us free from the clutches of consumerism

We are all living the modern dream – we pay for conveniences, we eat out,...

Unilever Sri Lanka honours dealers at Muthupalasa Awards

Unilever Sri Lanka felicitated its most valued dealers at the 11thannual Muthupalasa Awards...

DSI introduces ‘Florsheim’ footwear brand for the fashion-conscious

DSI has once again, stepped onto the forefront of showcasing yet another world class...

Chopard previews exclusive collection of watches and jewellery at Chatham Luxury

Swiss luxury brand Chopard announced the launch of an exclusive collection of limited...

Economic reforms and attack on labour

We welcome the response by the Pathfinder Foundation on...

Competition, climatic changes, worker wages threat global tea industry: CCC study

Competition from other beverages, climatic changes and worker wages are seen as key...

CIMA holds workshop on fraud detection and prevention

Sri Lanka has low awareness of fraud detection and furthermore, ...

RDA offers MG Consultants, ECL rural road network construction supervision contract

Further cementing its credentials in nation building and developing public infrastructure of the country, 

SLACC launched to increase Australia-Sri Lanka trade

The Sri Lanka Australia Chamber of Commerce (SLACC) was officially launched..

NTB marks World Environment Day across branch network

Nations Trust Bank as a responsible banking institute & a patron member...

Sampath empowers local entrepreneurs at Laksala award competition

Sampath Bank sponsored Swarna Warna award competition...

Nithyakalyani Jewellery-Rotary Club organise blood donation camp

 Wellawatte Nithyakalyani Jewellery togther with Rotary Club of Colombo East...

HSBC offers 50% concession on vehicle insurance premiums

HSBC has announced an attractive offer for existing HSBC customers...

Pan Asia Bank offers 5.5% interest rate for savings accounts

Pan Asia Bank offers the highest interest rate of 5.5 percent for its savings...

NSB declares open newest branch in Pitakotte

National Savings Bank’s (NSB) new Pitakotte branch was ceremonially opened recently,..

NDB becomes Global Champs at 7th ALM competition in Paris

National Development Bank (NDB), which represented Asia and Europe....

First Capital powers 36th National Conference of Chartered Accountants

First Capital Holdings PLC, a leading investment bank in Sri Lanka,...

A true story about a Real Life Hero

When Ishan Rangajeewa originally convinced a young man to invest in a life insurance policy,...

Merchant Bank of Sri Lanka relocates Trinco branch

The Trincomalee branch of Merchant Bank of Sri Lanka & Finance PLC ...

People’s Bank launches SL’s first-ever green banking initiative for youth

People’s Bank recently announced the introduction of Sri Lanka’s first-ever eco-friendly ...

Dialog Axiata to invest US $ 120mn this year

Dialog Axiata PLC, one of Sri Lanka’s leading telecommunication service providers, will be making investments of over US $ 120 million in 2015, despite the political uncertainty that has dogged the country throughout the year.

Renewed GSP to boost exports to USA

?Sri Lanka’s exports to the US are set to grow at an accelerated pace following the US government continuing to include Sri Lanka in the renewed US GSP facility, according to a communiqué by the Industry and Commerce Ministry.

Gem exports to dip amid Chinese barriers

Sri Lanka’s gem exports are set to decline in 2015 due to Chinese interventionary measures in their domestic market and the moderation of the euro, while the industry is attempting to create value-added products to take the industry forward in the future.

ComBank in World’s Top 1000 Banks for 5th successive year

?The Commercial Bank of Ceylon has once again been ranked among the Top 1000 Banks of the World, in the prestigious rankings published annually by ‘The Banker’ magazine of the UK, becoming the only Sri Lankan bank to achieve this feat five years in a row.