Colombo Centenary International Scout Jamboree to be held in Sri Lanka

The Colombo Centenary International Scout Jamboree will be held in Sri Lanka from August 1-7 at the Ygro Camp site in Madampe.

Happiness.lk Introduces Same Day Delivery for Baby and Kids Products!

Tired of walking around from shop-to-shop looking for the perfect baby products? or just simply want to select the best birthday gift for your kid?. How about a website that has more than 5,000 products on it's portfolio? Ranging from the best baby brands and world famous toy brands all in one place?

NR market not expected to rebound in near future

Rubber market in Southeast Asia dropped during the week as Chinese interest was low in buying. Tyre makers were banking on rubber stocks in bonded warehouses in Qingdao, the main rubber manufacturing province and very few searched for rubber from the Southeast Asian markets.

Treasury Secretary hints at trade surplus in 2020

Sri Lanka’s Treasury Secretary Dr. P.B. Jayasundera last week hinted at the possibility of recording a trade surplus by 2020, an economic scenario Sri Lanka has never achieved for the last six decades.

Cigarette taxes should be rescued from bureaucratic discretion

The focus of the World Health Organisation (WHO) is on raising taxes on tobacco, in order to raise prices and reduce consumption. This insight explains the serious consistency issues in Sri Lanka on setting taxes and prices on cigarettes.

sl gets US $ 300mn ADB loan for clean energy generation

The Asian Development Bank (ADB) yesterday approved a US $300 million dual-tranche loan to help Sri Lanka scale up its use of clean energy and minimize reliance on costly petroleum oil for electricity generation.

SL gets US $ 300mn ADB loan for clean energy

The Asian Development Bank (ADB) today has approved a US $300 million dual-tranche loan to help Sri Lanka scale up its use of clean energy and cut its reliance on costly petroleum oil for electricity generation

Why do some countries prosper and others don’t?

Many years ago, as primary students, we were taught that most rich countries were in the North of the globe and most poor countries are in the South, but later on we learnt that it was not geography that causes wealth or poverty. After all, Australia and New Zealand are part of the...........

July policy rates on hold

Despite low credit growth, the Central Bank yesterday decided to keep its key policy rates unchanged for the sixth straight month as the Monetary Board deemed that the current rate regime is quite appropriate with the country’s growth and the inflation direction.

Domino’s Pizza Mania for All Those Little Celebrations

Domino’s Pizza, who introduced the 30 minute delivery guarantee to Sri Lankan consumers and the world leader in Pizza Delivery, is proud to launch “Pizza Mania” - a range of delicious mouth-watering pizzas to all pizza lovers to celebrate even the little joys in life in a big way.

Swiss Chef to enhance the Upcoming Swiss Food Festival at MLH

Swiss people love good food, music and wine. Savoring the world famous Swiss cheeses is considered an everlasting memory. The Mount Lavinia Hotel is promoting “A Taste of Switzerland” for the second consecutive year, backed by their main sponsor Baurs.

HSBC credit card deals now on zMessenger’s Bigbon app

HSBC has become the newest partner to be featured on ‘Bigbon’, a unique smartphone app by zMessenger that helps users find the best deals and offers to suit their need.

Samarasiri appointed Deputy Governor

The Monetary Board, with the concurrence of the President and Minister of Finance, has appointed P. Samarasiri as a Deputy Governor of the Central Bank, with effect from June 1, 2014.

Trade gap narrows further in May

Sri Lanka's trade deficit narrowed 47.9 percent year-on-year (yoy) in May to US $ 393.4 million amid improved export earnings and lower imports, the data released by the Central Bank showed

Building a successful work team isn’t rocket science

Teams have become an essential feature in most organisations. The language of management now comfortably includes teams, teamwork and team building. However, this does not mean that we are yet much clearer about the process of bringing a group of people together and creating a level of.....

Stock market at your fingertips

One of the advantages of having an advisor was, ostensibly, to have someone who could give required information on your investments to put it into a comprehensible form. The problem with this is that it assumes the broker will be effective at condensing and conveying complex information and.......

BoC in talks with Treasury for Rs.10bn cash infusion: sources

State banking giant, Bank of Ceylon (BoC), is currently in talks with the Finance Ministry to obtain a Rs.10 billion cash infusion as early as the third quarter of this year, to improve its capital adequacy levels, sources revealed.

apparel label giant to set up Joint venture

Royal Pac Printcare Lanka (Private) Limited has signed an agreement with the Board of Investment (BOI) to establish an operation for the manufacture of apparel labels and packaging material for Sri Lanka’s apparel industry.

Mobitel unveils the new Samsung Galaxy Tab S for the first time in Sri Lanka

The National Mobile Service Provider, Mobitel partnered with Samsung to provide customers a special opportunity to experience the Samsung Galaxy Tab S, which was introduced for the first time in Sri Lanka.

A woman who heads a company that employs women and has women as market

Kay Krill heads a unique company. As the CEO of Ann Inc., she overlooks a staff of 20,000 women who work under her, creating clothes for women. Ann Taylor is a US-based upmarket chain of clothes that targets women who want to dress well and look good.

Monetary policy might be tightened early next year: HSBC

The cycle of monetary easing in Sri Lanka will soon end and the country will start to see its monetary policy being tightened as early as from 2015, a global banking giant said in a recent report.

IMF external liquidity support still a possibility: S&P

External liquidity support is still very much a possibility for Sri Lanka from the International Monetary Fund (IMF) or from any other bilateral lender if such a requirement arises, according to a US-based credit rating agency.

Taprobane buys 9 percent of PABC

High net worth investor Ajith Devasurendra led Tabrobane Holdings yesterday bought a 9.1 percent stake in Pan Asia Banking Corporation PLC (PABC), of which business leader Dhammika Perera is the main shareholder

Fems, the only sanitary napkin in Sri Lanka to receive SLS Certification

The role of the progressive Sri Lankan woman of today, has significantly transformed, to become more demanding of an active, multi-tasking lifestyle.

Unit trust funds grow 75% in 2013

Sri Lanka’s unit trust industry grew 75 percent in 2013 to Rs.54.3 billion but the number of unit holders have increased by a mere 6 percent to just under 30,000 investors, in a country with a 20 million population, according to the capital market regulator, the Securities and Exchange Commission (SEC).

ASPI crosses 6, 500 point mark

The main index of the Colombo Stock Exchange, the All Share Price Index (ASPI) today crossed the 6,500 point mark, at the close of trading, for the first time since October 2011.

MCB Bank opens its doors in Kollupitiya

Celebrating a presence of 20 years in Sri Lanka, MCB Bank, one of the fastest growing Pakistan-based bank, marks its successful journey this year with the opening of the newest branch in Kollupitiya, as part of the Bank’s strategy to be close to its customers and to serve them with an array of qualitative and efficient banking services.

An open letter to hoteliers

Why don’t you appreciate me more than you do when I show up at your doorstep? Have you lost sight of the fact, that, as your guest, I am at the centre of the hospitality industry and in an ever expanding circle; you need to always be ahead of my needs.

Asia’s first ever travel bloggers’ conference to be held in Colombo

Cinnamon Hotels and Resorts, a five star hotel chain in Sri Lanka partnered with Professional Travel Bloggers’ Association (PTBA) and the National Carrier SriLankan Airlines yesterday to host Asia’s first ever Travel Bloggers’ Conference, TBC Asia.

country in middle-income trap since 1998: Minister

At a time when the Sri Lanka’s Central Bank (CB) is setting the stage to by-pass a potential economic stagnation and become a ‘break-out nation’, a senior government minister yesterday said that country is gradually being ensnared in the middle income trap.