OBD additives to fasten decomposition of plastics and polythene

In the aftermath of the decision by the government to ban the use of polythene lunch sheets, rigifoam boxes and shopping bags, with effect from the beginning of this month, New Nawaloka Trading is introducing oxo-biodegradable (OBD) additives so that they could convert long-life polyolefin plastic bags to degrade after a pre-programmed lifespan of complete mechanical integrity.

Seylan Bank partners Construct Exhibition 2017 for 2nd consecutive year

Seylan Bank partnered Construct Exhibition 2017 as the official banker for the second consecutive year. 

Dynasty Residence achieves LEED certification

GVR has set a new standard in the development of luxury residential buildings in Sri Lanka by integrating environmentally friendly and sustainable features into its Dynasty Residence in Kandy. 

ComBank receives two awards from Asiamoney

Commercial Bank of Ceylon recently received two prestigious international awards from Asiamoney, for the ‘Best Domestic Bank’ and ‘Best Digital Bank’ in Sri Lanka.  The awards were accepted on behalf of the bank by its Deputy General Manager Corporate Banking Sanath Manatunge at a gala ceremony at Ritz-Carlton in Beijing. 

EY discusses SLFRS 9, 15, 16 implementation issues in Sri Lanka

Ernst & Young (EY) Sri Lanka hosted its clients to a forum on sharing insights on the practical implementation of new Sri Lanka Accounting Standards.

NDB Good Life credit cards offer 60% savings on your vacation

With National Development Bank PLC (NDB) Good Life credit cards, customers can now enjoy amazing discounts on their luxurious getaways to the theme resorts.

The A&K Lit Fest promises a mouthwatering pickle of literature

The A&K Lit Fest comes alive for the third consecutive year with its promise of promoting the Sri Lankan identity through literature. Following two successful chapters, the literary festival is set to 

Amjath Nazeer becomes youngest CA student to complete final exams

Amjath Nazeer, a 20-year-old, created history recently when he became the youngest ever student to complete the final exams, including the case study at the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). 

China’s rising ‘i-can’ generation reshaping country’s economy and world economy

In the 1950s and 1960s, the world economy was transformed by the emergence of the American consumer. Today, China’s rising ‘i-can’ generation is in the economic  driving seat.

Sri Lanka, you have a right to know!

Yesterday, the world marked the International Day for the Universal Access to Information. Fittingly, we in Sri Lanka, celebrate seven months since the Right to Information (RTI) Bill was enacted.  

US Trade Rep stresses need for Sri Lanka actively promoting its exports agenda

Sri Lanka has been on the active lookout to improve its bilateral trade with the economic giants and the United States (US) is one of them. The interest is observed to be mutual, given the number of initiatives taken place in the recent past. However, to pick up pace that would allow both nation to 

Whither good governance? Government’s PPP boss throws media out of top forum

The earnestness of the government’s claims to power—transparency, media freedom and good governance—was sorely tested yesterday, when the Finance Ministry’s National Public Private Partnership Agency’s Chairman & Acting CEO Thilan Wijesinghe had members of the media thrown out of an event to restrict the public release of information. 

Sri Lanka announces mega shopping festival targeting tourists

Newly established Sri Lanka Retailer’s Association joined forces with the Tourism Development and Christian Religious Affairs and Sri Lanka Tourism Promotion Bureau to organize the first ever Colombo International Shopping Festival set to take place from 1st October to end November.

SriLankan receives ‘Four Star’ rating from APEX

SriLankan Airlines added another feather to its cap by being honoured with a prestigious’ Four Star’ rating from the Airline Passenger Experience Association (APEX) in the first ever airline industry rating programme based solely on feedback from passengers.

Tourism earnings down but remittances up in July

The fund flows to the current account of the country’s external account remained mixed in July.  The earnings from tourism in July slipped by 1.8 percent YoY to US $ 352.5 million while worker remittances were up by 3.4 percent YoY to US $ 592.1 million after falling four months in a row.

SL’s exports growth on track but higher oil bill stretches trade gap

The restoration of the GSP Plus facility, higher prices received for tea and the weaker currency appear to have propelled Sri Lanka’s export earnings but the higher oil bill is showing signs of becoming a headache, threatening the attempts to contain the expanding trade gap in the import dependent economy.  In July, Sri Lanka exports grew by 13.9 percent year-on-year (YoY) to cross a billion dollar mark – the second month to exce

Stocks close at 1-week high on foreign buying

REUTERS: Sri Lankan shares closed at a one-week high yesterday, as investors bought banking stocks and continued foreign buying in the market underpinned positive sentiment, brokers said. The Colombo stock index ended 0.2 percent up at 6,419.47, its highest close since Sept. 21.

Anti-dumping legislation in parliament next month: Rishad

The much awaited anti-dumping legislation has been cleared by the Attorney General and is ready to be presented to parliament, the country’s Industry and Commerce Minister Rishad Bathiudeen said.

SL to retender ex-Cairn block for development

The Petroleum Resources Development Ministry has reopened the ex-Cairn M2 block in the Mannar Basin for development and commercialization through a limited tender offer under a strategic plan to expedite oil and gas exploration and development,

Interbrand releases ‘2017 Best Global Brands’ report

Interbrand, the world’s largest brand consultancy has announced the Best Global Brands for 2017.  Now in its 18th year, the theme of this year’s Best Global Brands report is “Growth In A Changing World”, and examines three key components: People, Technology and Brands. The combined total value of the world’s top brands, US$1,871,730 million is an increase of 4.2 percent from the previous year, while 42 percent o

PUCSL launches public consultation on rooftop solar PV development

Public Utilities Commission of Sri Lanka (PUCSL) launched a public consultation on the rooftop solar PV development in Sri Lanka as PUCSL intends to issue guidelines and advice on government policy to support the successful implementation of the rooftop solar and achieve the set policy targets. 

International Chamber of Commerce holds 51st AGM today

The International Chamber of Commerce Sri Lanka (ICCSL), an affiliate of the largest Business Chamber in the world, will hold its 51st Annual General Meeting at the Hotel Galadari, Colombo today.

Golden wheelbarrow for Sri Lanka’s iconic developments

From monumental ancient wonders to spectacular skyscrapers, Sri Lanka has, down through the ages, shown a penchant for awe-inspiring architecture and engineering, standing tall for a tiny  Indian-ocean island.  

Rupee edges down as banks buy dollars to cover import payments

REUTERS: The Sri Lankan rupee weakened yesterday, as demand for dollars from importers to pay for their purchases outweighed conversions of the greenback into local currency by exporters, dealers said.

Durdans offers free OPD consultation

In a bid to contribute towards the betterment of community health and to encourage a culture of preventive healthcare, Durdans hospital launched a campaign to offer free OPD consultations to the public.

Hilton Colombo reaches 30-year mark (VIDEO)

Hilton Colombo yesterday reached the three-decade milestone in serving Sri Lanka’s tourism landscape.

Flemingo opens new departure store at BIA

Flemingo Duty Free has opened its new departure store at the Bandaranaike International Airport, Sri Lanka, announced CEO, Flemingo Duty Free, Sri Lanka, P.K. Thimmayya at a press conference held in this connection. 

IEEE concludes TechMedImpact Forum 2017 at Wimalasurendra Auditorium

The TechmedImpact Forum 2017 was held at the Wimalasurendra Auditorium of the Institution of Engineers Sri Lanka (IESL) was organized by the Institute of Electrical and Electronic Engineers (IEEE), Engineering in Medicine and Biology Society (IEEE EMBS) at the University of Moratuwa.

IASL President and MSF Chairman reveal role of insurance industry

Following the declaration of September 1 as the National Insurance Day and with the Insurance Awareness Month well underway, Insurance Association of Sri Lanka President (IASL) Deepthi Lokuarachchi and Marketing and Sales Forum (MSF) 

Sri Lanka can be best wildlife tourism destination outside Africa: Euromonitor

With the proper policies, Sri Lanka could become the best destination for wildlife tourism outside of Africa, according to global research agency Euromonitor International.