Role and relevance of export finance should not be undermined

The government has allocated Rs.10 billion to set up an EXIM bank for Sri Lanka. This has raised discussions and debate on whether Sri Lanka needs an EXIM bank or not. It is important that this dialogue considers the core reasons exporters (the most directly affected group) have put forward in asking the government to set one up. They are: the limited access, high cost and narrow range of export finance facilities available to companies, especial

Central Bank says IMF released second tranche of 3-year EEF

The first review of the three-year Extended Fund Facility (EFF) obtained by Sri Lanka has been successfully completed by the International Monetary Fund (IMF) and the second tranche to the value of SDR 119.894 million (approximately US $ 162.6 million) was disbursed on November  18, 2016.

A.G Mohammed Faroz wins 20th edition of ‘People’s Bank Foreign Remittance Gold Fortune 2016’

A.G Mohammed Faroz,an account holder at the Nintavur People’s Bank branch was named the 20th lucky winner of the weekly People’s Bank Foreign Remittance Gold Fortune 2016.

7 Year Journey of Love & Care: Building Bridges and Changing Lives of Youth

In celebration of its 7th year, the Unity Mission Trust recently held an event at the Lakshman Kadirgamar Institute to unveil a publication that commemorated the unique

Sunsilk Reveals Renewed Hair Care Range with Ramani Fernando

Sunsilk and Ramani Fernando revealed Sunsilk’s new and vibrant hair care range embarking on an exciting journey of hair adventure with the girls of Sri Lanka.

IMF releases US$ 163mn following VAT and other new taxes in budget

Completing the first programme review, the International Monetary Fund’s (IMF) Executive Board last 

John Keells completes funding for Cinnamon Life project

Sri Lanka’s premier blue chip, John Keells Holdings PLC (JKH), last week said, raising of funds for 

Power regulator expresses serious concerns over delay in power plant constructions

In a time of low private sector investments, electricity sector regulator Public Utilities Commission of 

Cargills acquires seed manufacturing firm for Rs.150mn

Cargills (Ceylon) PLC, one of Sri Lanka’s leading food & beverage and retail operators, has acquired 

Ceylinco Life’s 2015 annual report secures double at ARC Awards

Ceylinco Life’s 2015 annual report has won two important accolades at the prestigious ARC Awards 

Canadian telecom company Mitel enlightens Lankan businesses on communications solutions

Mitel, a Canadian telecommunications company providing unified communications solutions for 

Warren Buffett’s top pieces of investment advice

Warren Buffett’s investment advice is timeless. By keeping Buffett’s investment advice in mind, investors can sidestep

SASEC Operational Plan launched in Sri Lanka

The Asian Development Bank (ADB) has launched the new South Asia Subregional Economic 

CIM and SLASSCOM join hands for SLT Zero One Awards as industrial partners

As Sri Lanka Telecom organizes and hosts Sri Lanka’s first ever platform dedicated to recognizing 

Prima Management Services donates high-tech Command Centre to Police Department

Prima Management Services, a member of Prima Group of Companies, Singapore, donated a state-

tabZ opens largest Apple store in Sri Lanka

tabZ by DPJ Holdings, one of the authorized Apple resellers in Colombo, re-launched its store in 

Janashakthi September quarter net profit up 13% despite higher claims

Sri Lanka’s third largest general insurer by gross written premium (GWP), Janashakthi Insurance 

Cargills Bank turns a profit in September as margins rise, loans grow

Cargills Bank Limited, the financial arm of diversified CT Holdings PLC, turned a net profit of  Rs.27.6 

Mihin says it never recorded annual profit since inception

With reference to several media reports on the financial performance of Mihin Lanka, the now defunct 

FinMin pledges to implement all budget proposals on time

Finance Minister Ravi Karunanayake pledged that all the proposals incorporated in the budget 2017 

CA Sri Lanka, SAFA, WB and ADB deliberate on accrual accounting

As accrual accounting continued to gain ground, South Asia too has begun to extensively deliberate 

Softlogic Life wins Gold at LACP Spotlight Awards

Leading Insurer Softlogic Life PLC bagged a Gold award for its Annual Report 2015 at the 2016 

Sri Lanka wins ‘Best Destination of the Beaten Track’ at Conde Nast Awards

Sri Lanka Tourism was able to show its prestige and bag another award, titled the ‘Best Destination 

Delmege, Kenya Airways Cargo partners with SriLankan

Delmege Airline Services (Pvt) Ltd, Kenya Airways Cargo GSA for Sri Lanka and Maldives, recently 

CIMA to hold Launch Pad 2016 grand finale on Nov. 26

CIMA Launch Pad, an initiative of the CIMA Students’ Society, has grown to be a pivotal platform for 

Apparel exporters give thumbs up for budget 2017

The apparel sector, the country’s leading export industry, praised the 2017 budget for being progressive

Use core competence model to stay ahead of competition

The most powerful way to prevail in stiff competition is still invisible to many companies. Long time 

Twenty schools compete at first ever Colombo Aviation Quiz 2016

Ananda College Colombo won the inaugural Colombo Aviation Quiz 2016 from among 20 leading 

Singer Sri Lanka introduces Duo two-in-one laptop

Adding another product to its portfolio, Singer Sri Lanka introduced Singer Duo, a two-in-one laptop 

SLID ‘Brand in the boardroom’ event on Nov. 22

Continuing its Power evenings, the Sri Lanka Institute of Directors (SLID) will present ‘The brand in