Colombo bourse likely to be choppy

In recent days the market has seen support levels increasing and some stability...

The role of invention in economic development

Sri Lanka, having eradicated terrorism, is now on the track towards development.

Biz community renews calls for revised Land Act

Sri Lanka’s business community renewed their calls to revisit the controversial Land Act enacted...

ComBank adjudged among best in Asia by FinanceAsia

Commercial Bank of Ceylon (ComBank) has been adjudged the ‘Best Bank’ in Sri Lanka in 2015 by Hong Kong-based ‘FinanceAsia’,

BoC ranked as Sri Lanka’s No.1 Brand again

Bank of Ceylon (BoC) has once again been ranked as the No.1 Brand in the country by Brand Finance Lanka,...

Ceylinco Insurance segregates biz sans shareholder approval

Ceylinco Insurance PLC announced that they have formed two new companies named Ceylinco...

Rupee forwards end up on exporter dlr sales, spot steady

Sri Lankan rupee forwards ended firmer yesterday as exporters sold dollars amid expectations...

Loss on plant disposal, Miller’s expenses turn Lion 4Q net into red

Lion Brewery (Ceylon) PLC (Lion) turned a net loss of Rs.323.7 million for the quarter ended...

Sri Lanka Tourism to launch Rs.200mn brand building strategy

After a lapse of six years, Sri Lanka Tourism is to launch a Rs.200 million new brand building...

LB Finance relocates Wattala branch

?LB Finance shifted its Wattala Branch to Station Road, Hendala Junction, Wattala recently for the convenience of customers in the area.

‘Work In Sri Lanka’ continues to draw expat, biz community attention

?Work In Sri Lanka, a volunteer-led brain gain initiative that aims to position Sri Lanka as an attractive work destination,   for highly skilled individuals and high caliber businesses, held its quarterly meet up in Colombo recently. 

Seylan credit card offers chance to win free fuel and goods

?Renowned for creating some of the most exciting and innovative credit card offers in the market, Seylan Bank once again outdoes itself, giving customers a fantastic opportunity to win big and enjoy great savings with Seylan Bank credit cards.

Computex kick starts

Taiwan President Ma Ying-jeou (C) gestures with local officials during the opening ceremony at the Computex trade show in Taipei yesterday.

Freshest produce at Keells Super delivering more “Nutrition and Taste”

?Keells Super has always been in the forefront of ensuring high quality and freshness of all its produce and has established itself as the leader in terms of freshness amongst all supermarkets in Sri Lanka. 

Nigeria anti-graft agency arrests over 20 bankers for fraud

?AFP - Nigeria’s anti-corruption agency has arrested six senior officials from the country’s Central Bank and 16 from commercial banks over alleged currency fraud, a spokesman told AFP on Monday.

HSBC plans thousands of job cuts: report

?AFP - Scandal-hit global bank HSBC plans to cut thousands of jobs across its global operations, broadcaster Sky News reported yesterday. The number of job cuts has yet to be finalised, but “insiders said that it was likely to be between 10,000 and 20,000”, Sky reported.

Asus launches Intel-powered phablet series

?Asus, a global trendsetter in the modern information age, officially launched their iconic Fonepad series of phablets and the Asus Transformer Pad in Sri Lanka. 

Union assurance CSR creates strong impact in 1Q

?Union Assurance has continued to deliver strong and dependable solutions for a host of Sri Lankan individuals and families. With its unique combination of service excellence...

The evolving dynamics of global oil market

?Two years ago when Robert Wescott – a former economic advisor to US President Bill Clinton – told a group of us at an economics forum that in a few years the price of oil will drop sharply to undermine alternative unconventional sources, a few in the room believed him. Two years ago when Robert Wescott – a former economic advisor to US President Bill Clinton – told a group of us at an economics forum that in a

Future IPOs will focus on quality, not quantity: CSE Chief

The Colombo Stock Exchange (CSE) will focus on quality over quantity for future Initial Public Offerings, unlike the past, according to a top official.

Harsha says country risk premium on the decline

The risk premium which Sri Lanka had to pay during its recent foreign borrowings has come down to 3.9 percent this year from 4.37 percent in 2012, and would come down  further in the future, Deputy Minister of Policy Planning and Economic Development, Dr. Harsha De Silva said.  

Sri Lanka now stuck in the middle – Economist

?Sri Lanka has now reached an economic stage where the country can neither compete with the low cost producers nor can it match its productivity with that of its high productive, higher middle income countries such as Malaysia and Thailand, according to an eminent economist. 

Sri Lanka’s first ocean wave power plant to be set up in Matara

?The new regime is going ahead with the development of the country’s first ocean wave power plant in Matara, in partnership with Blackbird International Corporation, MirrorBusiness reliably learns.

Asian markets mostly down, Tokyo rally ends after 12 days

?AFP: Asian markets mostly fell yesterday, with Tokyo declining after a 12-day rally, while in Europe Greece’s creditors held impromptu talks aimed at resolving the country’s months-long debt crisis.

Odel 4Q turns profit but FY 14/15 profit declines

?Softlogic Group company, Odel PLC turned a net profit of Rs. 17.8 million for the quarter ended March 31, 2015 (4Q’15) from a net loss of Rs.3.2 million incurred a year ago, the interim results released to the Colombo Stock Exchange (CSE) showed.  

More Lankans going online to purchase vehicles: Report

?A growing number of Sri Lankans are going online to purchase their vehicles, and the number will keep growing, according to a report by online vehicle classifieds platform Carmudi.

Agreement for Air Services between Japan and Sri Lanka amended

Japan and Sri Lanka have agreed to amend the schedule attached to the agreement between the two countries for air services.

Malaysia Airlines ‘technically bankrupt’, new CEO says

Malaysia Airlines is “technically bankrupt”, its new German CEO said yesterday...

New app offers instant one-touch access to Oman Air’s services

Oman Air has launched a new app for smartphones, iPads, tablets and other mobile devices.

City skyline

Tourists at the Griffith Observatory observation deck look out at the Los Angeles city skyline as heavy smog shrouds the city in California.