Ceylon Hotels Corp, China Harbour form JV to build resort in Maldives

A Ceylon Hotels Corporation (CHC) subsidiary will be forming a joint venture with a subsidiary of the China Harbour Engineering Company Limited (CHEC) to develop a US$ 50 million, 85-100 room resort in the Maldives.

Ankara to file defamation case against Yamu.lk

Ankara, an up-market Turkish restaurant in Colombo yesterday said they are filing a Rs.150 million defamation suit against Yamu.lk, a popular food blog and content-based company and its Founder/Director Indi Samarajiva.

AG highlights loophole in EPF’s 30% refund scheme

The Auditor General has highlighted a possible loophole in the laws governing the ‘30 percent’ housing and medical refund scheme, through which well over Rs. 40 billion has been withdrawn from the country’s largest retirement fund since 2015.

Online license issuing system goes live to accelerate import/export procedures

The Information and Communication Technology Agency of Sri Lanka (ICTA) in collaboration with the Import and Export Control Department (IECD) has developed an online license issuing and debiting system to further simplify and accelerate import/export procedures. 

SDB Bank hosts Lakdaru Award Ceremony 2017

SDB bank organised a special award ceremony for Lakdaru account holders who have qualified grade five scholarship examinations in 2017, G.C.E. O/L examinations in 2016 and Facebook Art Competition winners and the grand felicitation was held at the National Youth Centre, Maharagama on January 27th 2018, which gathered over 1,500 participants.

Fashion Bug hosts Sisu Dirimaga career guidance programme for students

One of the country’s leading clothing retailers, Fashion Bug conducted and hosted an effective career guidance programme under its progressive Sisu Dirimaga CSR programme at Zahira College, Hambantota.

Hettigoda Group donates school bags for year one students

All year one students who began a new chapter in their young lives, at Sri Dharmarama Maha Vidyalaya, Ratmalana, the initial lap of the long journey of education received new school bags with the compliments of  Siddhalepa.

Hayleys Puritas Sathdiyawara wins big At Energy Globe World Awards 2017

Puritas, a subsidiary of Haycarb Group and a member of Hayleys PLC was announced the world winner in the category of Water, for its acclaimed Hayleys’ Puritas Sathdiyawara project for providing clean drinking water to people with chronic kidney disease through its reverse osmosis water purification systems and comprehensive strategic village upliftment.

Some salient features of proposed Securities Exchange Act: PART II

Another important provision included is found at section 69 of the proposed bill, which imposes an obligation on an auditor of a market institution to inform the respective board of directors, with a copy to the commission, in instances where (a) any matter which, in his opinion, adversely affects 

Economic policy – Are we down the wrong lane?

The esteemed economists and the International Monetary Fund (IMF) seem to be in agreement with this approach. I disagree with both and of the view that the strategies built on the above will lead us deeper into economic wilderness. 

Is Sri Lanka on course for a lost decade?

May 19, 2019 will mark 10 years since the civil war in Sri Lanka ended with the complete annihilation of the Liberation Tigers of Tamil Eelam. Post-civil war Sri Lanka has been a story of missed opportunities. Former President Mahinda Rajapaksa utilised his post-civil war popularity among the Sinhalese majority to amend the constitution to strengthen the presidency and remove term limits. His ‘illiberal peace building’ approach focuss

‘Lead like a Girl’: Empowering Sri Lanka’s female leadership

Sri Lanka is widely acclaimed for its success in achieving many crucial human development indicators. However, surprisingly the country lags behind when it comes to achieving gender-related targets set by global development agendas. 

SLPBC hosts biz delegation led by Pakistani Commerce Minister

The Sri Lanka Pakistan Business Council (SLPBC) recently hosted a meeting with a team from Pakistan, under the leadership of Mohammad Pervaiz Malik, Federation Minister for Commerce and Textile of Pakistan.

AmCham to hold business breakfast with Stephen Renna

Stephen Renna, Director, Advocacy Center, U.S. Department of Commerce, International Trade Administration will meet with members of the American Chamber of Commerce in Sri Lanka this Friday.

Chilavathurai will be rebuilt; industrial zone in Kondachchi: PM

Prime Minister Ranil Wickremesinghe has said that the Chilavathurai city will be rebuilt and an industrial zone will be set up in Kondachchi.

‘Meet the High Commissioner of B’desh” at National Chamber

Sri Lanka Bangladesh Business Co-operation Council of the National Chamber of Commerce, will host the High Commissioner of Bangladesh to Sri Lanka , Riaz Hamidullah, as a Special Guest Speaker on ‘Bilateral Trade Between Sri Lanka  and Bangladesh’ on February 8th  at the Chamber, from 3.00 p.m. to 4.30 p.m.

SLT celebrates 160th anniversary by empowering 160 schools

The leading telecommunication in the country, Sri Lanka Telecom celebrated its 160th anniversary by conducting programmes to share knowledge and technology with schools in rural areas, enhance the well-being and protect the environment.

Adidas Official Partner for the FIFA World Cup Russia 2018

Adidas took great pride in participating in the historical FIFA World Cup Trophy Tour 2018 at an event held recently 

Sri Lankan youth can now enjoy all-new Nestomalt Gold with a refreshing new taste

Sri Lanka’s iconic malt beverage Nestomalt has launched a delicious new Ready-To-Drink (RTD) variant, Nestomalt Gold.

KTI Inks Deal with Faber-Castell India to Bring World’s Most Preferred Stationary

Kiddies & Toys International (KTI), Sri Lanka’s leading distributor of premium mother and childcare brands, with 

The Earl and Countess of Wessex visit Third Space Global, a UK-SL education partnership

His Royal Highness, Prince Edward, The Earl of Wessex, and Her Royal Highness, The Countess of Wessex visited Third Space

The Earl and Countess of Wessex visit the British Council, Colombo

The British Council hosted The Prince Edward, Earl of Wessex and The Countess of Wessex on Saturday 3 February, 

Allianz to acquire Janashakthi General Insurance Limited in Sri Lanka

Allianz, the global financial services leader, today announced that it has entered into an agreement with Janashakthi Insurance

DIMO ties up with HNB to enable customer-driven Mercedes-Benz and Jeep purchase solutions

Once again demonstrating their strong commitment towards customer-focused service, Diesel & Motor Engineering PLC (DIMO)

Mobitel pioneers 4.5G (4G Plus) network to revolutionize Sri Lanka

Sri Lanka’s National Mobile Service Provider, Mobitel, is proud to be the first to initiate the roll out of the 4.5G network

IASL is ready to Celebrate Life’s Superheroes

The Insurance Association of Sri Lanka (IASL), declared the commencement of the Life Insurance Sales Awards 2018

15 Days of Love At The Hilton Colombo

Love is in the air this February at the Hilton Colombo, offering exciting experiences for all ages including entertainment

Habitat for Humanity Sri Lanka on a mission to forge ‘Partnerships with Purpose’

Habitat for Humanity Sri Lanka’s (HFHSL) President and Chairman of the National Board of Directors – Lakshan Madurasinghe’s unique

EPF gets zero returns from majority of private equity investments

?The country’s largest retirement fund, the Employees’ Provident Fund (EPF), which is under the custodianship of the Central Bank, has to this day not generated any returns for the Rs.9.3 billion in private equity investments made up to 2014.

Sugar tax hits carbonated beverage volumes

The recently introduced sugar tax has begun to eat into the food and beverage sector businesses as the demand for sugary carbonated drinks has dropped by a significant margin—an indication that the higher prices have pushed away consumers from high sugar fizzy drinks.