The second edition of Fashion Films at Swim Week Colombo

Swim Week Colombo, with its title partner Olu Tropical Water presents the second edition of Fashion Films at Swim Week Colombo. A collaboration of  two creative streams of fashion and films where

StanChart survey underlines a year of positive change, improved sentiment on China access

In its second RMB Investors Forum, Standard Chartered concluded that China is still an attractive investment location to foreign investors. Standard Chartered’s RMB Investors Forum is a programme aimed at engaging market participants on real investment issues around China through a rigorous process of research, debate and analysis. 

Why thinking like an entrepreneur only way to survive

Over the years, people have pursued the acquisition of all kinds of skills towards success. It is still a commendable and a relevant thing to do;

Ways to improve Sri Lanka’s tourism product

As usual, with the drop in arrivals in the month of May and June, it’s the time to correct the shortcomings to better our services and plan for the 2017/18 winter season in Europe. We consider the months November to mid-April as the high season.

Theagarajah appointed as new Ceylon Chamber Chairman

The Ceylon Chamber of Commerce appointed Rajendra Theagarajah as its new Chairman during its 178thAGM held yesterday in Colombo. 

Govt. mulls bringing in foreign expertise to negotiate FTAs

The government may have to attract foreign expertise in order to wrap up the free trade agreement (FTA) negotiations with China, India and Singapore, Sri Lanka’s Foreign Affairs Minister Ravi Karunanayake said this week.

Proposed asbestos ban a costly affair, says report

A research study yesterday revealed that the proposed ban of chrysotile, a key element used to manufacture roofing sheets, popularly known as asbestos, would have a number of negative socioeconomic consequences to Sri Lanka.

Companies non-compliant of public float rules to face punitive actions from July, next year

The Colombo Stock Exchange (CSE) is to take punitive actions against the listed entities which fail to meet the minimum public floating rules even after the grace period, by way of transferring them to the ‘Watch List,’ but the instructions given by the Securities and Exchange Commission (SEC) appear to have offered a further 12-month period before such actions are enforced. 

Rupee ends weaker on importer dlr demand

REUTERS: The Sri Lankan rupee ended weaker yesterday due to dollar demand from importers and as an expected rise in imports pressured the local currency, dealers said.

Central Bank curbs consumer lending as household indebtedness spikes

The Central Bank says Sri Lanka’s households are increasingly getting enmeshed in a vicious debt spiral as a result of heavy consumption borrowings, which are neither productive nor sustainable, hence vowed to squeeze such lending flows.  

SriLankan wins right to run own on-board duty free operations

SriLankan Airlines has won rights to carry out its own on-board duty free operations as the Commercial Court of Colombo last week refused interim injunctions sought by DFP Canada Ltd. against the national carrier.

World Bank forecasts 5.2% budget deficit for this year

The World Bank is expecting Sri Lanka’s budget deficit to run up to 5.2 percent of the Gross Domestic Product (GDP) this year compared to the more ambitious 4.7 percent of GDP projection of the government, although the development lender placed its faith in Sri Lanka achieving its long-term deficit targets.

Shares end slightly higher on foreign buying; tax bill weighs

REUTERS: Sri Lankan stocks edged higher yesterday led by shares of diversified companies as foreign buying continued, while concerns over a proposed tax bill weighed on overall  investor sentiment.

SL to host first Asian Business Angel Forum

Sri Lanka will be hosting its first Asian Business Angel Forum (ABAF) 2017, in October with the participation of some of Asia’s most prominent Angel investors, venture capitalists, high networth individuals and other key stakeholders. 

Strong Lankan sales wins Gestetner best performance in Ricoh Asia Pacific

Building on its winning legacy, Gestetner of Ceylon PLC once again won resounding recognition for its tremendous sales performance over the past year, rising above its peers in the Asia Pacific region to win the Ricoh  Asia Pacific Award for Outstanding Achievement in Units & Sales Revenue FY 2016 in Multi-Functional Products (MFP).

7 Star Flour becomes first wheat flour brand to receive SLS certification

Two 7-Star wheat flour variants in the Serendib Flour Mills (SFML) portfolio recently received SLS certification from the Sri Lanka Standards Institution (SLSI), making 7 Star Flour, the first wheat flour brand in the country to receive the certification for meeting the necessary quality standards. 

SLT wins the C Division Mercantile League Football Championship 2017

Sri Lanka Telecom team clinched the C Division championship at the recently concluded Mercantile Football Tournament at the City League grounds. The win illustrates the organization’s commitment 

Serendib Flour Mills’ 7 Star Flour – the 1st wheat flour brand in the country to receive SLS Certifi

Two 7-Star wheat flour variants in the Serendib Flour Mills (SFML) portfolio recently received SLS certification from the Sri Lanka Standards Institution (SLSI), making 7 Star Flour, the first wheat flour 

Evolve Technologies Opens A Brand New Branch In Japan

Evolve Technologies (Pvt) Ltd recently expanded its global presence with its latest subsidiary company- Evolve Technologies JAPAN Co. Ltd, incorporated in Japan. A brand-newoffice was 

Govt. mulls bringing in foreign expertise to negotiate FTAs

The government may have to attract foreign expertise in order to wrap up the free trade agreement (FTA) negotiations with China, India and Singapore, Sri Lanka’s Foreign Affairs Minister Ravi Karunanayake said yesterday.

Shares end marginally lower; foreign buying nears Rs.22bn

REUTERS: Sri Lankan shares closed slightly lower yesterday as blue chips fell, but foreign buying capped losses while local investors continued to wait for more clarity on a new tax bill.

Ube Singapore ups stake in Tokyo Cement

Ube Singapore Holdings Pte. Ltd has upped its stake in Tokyo Cement Company (Lanka) PLC, a joint venture between Sri Lanka’s St. Anthony’s group and Japan’s Nippon Coke.

Rupee ends weaker on importer dlr demand

REUTERS: The Sri Lankan rupee ended weaker yesterday on late dollar demand from importers while the rupee was under pressure on an expected rise in imports, dealers said.

Economist urges govt. to implement fuel pricing formula as oil prices continue to remain low

The government should implement its proposed fuel pricing formula while the conditions are favourable in order to create stronger macroeconomic fundamentals, an economist said.

ADB says looking for Lankan banking sector investments despite HNB hitch

While the tussle within Hatton National Bank PLC (HNB) continues with regard to issuing 10 percent of its shares to the Asian Development Bank (ADB), the development lender said it is continuing to evaluate other banking sector investment opportunities in Sri Lanka. 

Central Bank cuts growth but says fundamentals strong

The prolonged drought and recent floods appear to have taken a toll on the country’s economy as the Central Bank last week said it would cut the growth of the economy at least by a half a percentage for 2017. 

Samsung to launch Galaxy Tab S3 in Sri Lanka

In keeping with its concept of adding value and improving the engaging aspects of its much-acclaimed devices, Samsung will be launching the Samsung Galaxy Tab S3 in Sri Lanka.

NTB launches digital lifestyle partner app

FriMi, a digital lifestyle partner, powered by Nations Trust Bank (NTB), will officially launch on June 30th at ODEL, Colombo 07,  and is a next-generation electronic payment, banking and marketing platform that allows users to make payments, send and receive money, do their banking and enjoy the best offers and discounts all through one simple app. 

Softlogic LifeStyles: Official interior partner-Home and You Lifestyle Fair 2017

Softlogic LifeStyles became the official interior partner for Home and You Lifestyle Fair 2017 which is all set to bring everything you need to create the perfect surrounding at the place you live.

SLTDA grades eating places in Colombo

Sri Lanka Tourism Development Authority (SLDA) in collaboration with the Ministry of Health and Colombo Municipal Council has launched a project to encourage the upgrading of food safety, hygiene and service of eating places supplying food for foreign and local tourists.