SAARC Chamber of Commerce and Industry and SAARC Development Fund sign MoU

SAARC Chamber of Commerce and Industry (SAARC CCI) President Suraj Vaidya signed a 

Qatar’s Hamad International Airport partners Audi to shuttle VIPs

Hamad International Airport (HIA) has welcomed the brand-new fleet of Audi luxury cars that will be 

Latest People’s Bank journal ‘Economic Review’ out now

Re-launched to an overwhelming response earlier this year, the People’s Bank publication brought out 

China Products Exhibition 2016 begins on Nov. 22

The stage is set for a spectacular display of China Products (Colombo Sri Lanka) Exhibition 2016, which will bring more than 120 quality exhibitors from China to Sri Lanka.

Oracle showcases innovative cloud offerings at Oracle Cloud Day

Oracle recently organized an Oracle Cloud Day in Sri Lanka to help its customers get insight from the industry experts as to how Oracle Cloud will enable them transform their businesses by building a 

Indo-SL fishery conflict: An impediment to sustainable development, traditional and human security

India and Sri Lanka are two neighbouring Indian Ocean states. A shallow and narrow strip of sea 

Korean Air posts record profit in 3Q16

Korean Air announced that the company posted its biggest quarterly profit in history, dispelling recent 

Emirates welcomes new generation A380 and Boeing 777 aircraft to fleet

Emirates has begun taking delivery of its new generation Airbus A380 and Boeing 777-300ER aircraft. 

Shifting to e-procurement could yield efficiency gains for govt: think tank

Implementing an easily accessible electronic procurement (e-procurement) platform for government procurements would save the government both time and money, and allow a level playing field when bidding for procurement opportunities, Verite Research said.

Govt. will revive crafts sector with new technology: PM

The Sri Lankan government is planning to introduce technological solutions for the country’s traditional crafts industry, it was revealed at the Shilpa Abhimani–2016 Presidential Awards and Handicrafts Exhibition inauguration. “It is time we bring in new technologies to this sector. Together with our Ministry of Telecommunication and Digital Infrastructure, we are planning to introduce new tech to Sri Lankan crafts sector,&rdquo

Turkey keen on Sri Lanka’s Megapolis

Turkey, which has one of the largest construction industries in the world, is interested in taking part in the Western Province Megapolis project, Turkish Prime Minister Binali Y?ld?r?m said.

PUCSL commits Rs. 250 mn to improve power sector next year

The electricity sector regulator, the Public Utilities Commission of Sri Lanka (PUCSL), is planning to spend Rs. 250 million on its Activity Plan 2017 to uplift the electricity sector.

NTB credit cards offer up to 40% savings on designated Aitken Spence hotels

Nations Trust Bank (NTB) recently announced an exclusive savings of up to 40 percent for its American Express and MasterCard credit cardholders, for their stay at selected Aitken Spence hotels and resorts. 

Cenmetrix receives Best Project Award in S. Korea

Cenmetrix walked away with the Best Project Award for the year 2016 at the Suprema Partner Conference held at Sheraton Grand, Songdo Smart City, South Korea.

ComBank’s ‘Arunalu’ supports country’s brightest young students

Twelve of Sri Lanka’s brightest young students have been rewarded by Commercial Bank of Ceylon with nearly Rs.750,000 in scholarships and cash prizes as Sri Lanka’s largest private bank began the disbursement of ‘Arunalu’ rewards to top achievers at the 2016 Year 5 scholarship examination. Total disbursements are expected to top Rs.5 million under this year’s rewards programme conducted by ‘Arunalu’ &ndas

Commercial High Court dismisses APL share sale reversal case

A court case filed by a shareholder of the Mackwoods Group to reverse the sale of Agalawatte Plantations PLC (APL) shares by Group Chairman Chris Nonis was dismissed yesterday in the Commercial High Court of Colombo.

Monsieur Fox brings Beaujolais Nouveau to Waters Edge

Somewhere in the Beaujolais region of France, an intelligent fox is busy packing his bags to make a trip to a sunny island in the Indian Ocean. After picking the perfect Gamay grapes and letting them ferment for just a few weeks, Monsieur Fox will be carrying with him a barrel of the finest ‘Beaujolais Nouveau’ to tempt the taste buds of the islanders.

Rupee edges down on capital outflow fears

REUTERS: The Sri Lankan rupee fell yesterday on persistent worries of capital outflows as incoming President Donald Trump’s policies are seen aiding higher U.S. interest rates and a strong dollar. Rupee forwards were active, with the spot-next trading at 148.70/95 per dollar, compared with Thursday’s close of 148.65/75. “The rupee is pressured although there is on and off dollar selling. Some foreign banks are buying dollars,&rd

German kitchen brand Leicht unveiled in Sri Lanka

Leicht, one of the leading German kitchen brands, was unveiled to the Sri Lankan market recently, at the Sri Lanka Design Festival held in Colombo. It was introduced by Centrepoint Homes, a fully-owned subsidiary of Fairway Holdings. 

Dollar surges on rate talk, emerging markets struggle

AFP - The dollar extended gains across the board in Asian trade yesterday as investors honed in on bullish comments from Federal Reserve boss Janet Yellen on interest rates.

Fouzul Hameed to present Concept 2017 show this December

Renowned menswear specialist and Hameedia Managing Director Fouzul Hameed will continue to uplift menswear fashion in Sri Lanka, by presenting the fourth edition of the annual ‘Envoy Concept’, a showcase on December 3, 2016, under the theme ‘infini8’. 

Access Projects – Leader in construction, aluminium and ceiling

Access Projects (Pvt.) Ltd has been initially formed in 1997 as the interior contract division of Access Group of Companies. And in 2002, the division had been restructured and incorporated as a separate business entity under the name of Access Projects (Pvt.) Ltd. At the end of year 2014, Access Projects was acquired by Access Engineering PLC, the foremost civil engineering enterprise of Sri Lanka by investing on 80 percent of company’s sh

Top strategist upbeat about Sri Lanka’s future prospects

A globally-acclaimed futurist and a growth strategist who visited Sri Lanka recently said that he is very upbeat about the country’s future and its culture of innovation.

AVIC extends sponsorship support for SLDF Interior Design Exhibition

The Sri Lanka Design Festival Interior Design Exhibition 016 (SLDF IDE) recently concluded following a three-day mega event. The main sponsor for the event was Aviation Industry Corporation of China or AVIC as it is best acknowledged as. 

CFW’s Design Development program ‘Project Seven’ successfully completes first session

The unique cutting edge design development program that encourages designers of any genre and field to fine-tune their creative sensibility, Project Seven completes its first session of 2016

Synapsys, DFCC Bank’s IT subsidiary empowers businesses to optimize value chains

DFCC Bank was the Exclusive Banking Partner at the World Export Development Forum held recently in Colombo. This forum was a unique global conference and Business-to-Business 

The IASL brings insurers from all over the world together at the 12th Annual International Micro ins

The Cinnamon Grand in Colombo seemed extra alive over the past few days as Sri Lanka hosted the 12th International Micro insurance Conference. From the 15th to the 17th of November

Nation Lanka Finance sustains its turnaround and performance in H1 of 2015/2016

Nation Lanka Finance has continued to sustain its strategic turnaround and performance in the first half of the financial year ending 30th September 2016. Despite having to overcome

ATL Bags Gold in the Life Insurance category at the National Sales Congress 2016

ATL (Amãna Takaful PLC) shone at the National Sales Congress 2016 as Mohamed Niyaz Mohamed Shafraz was bestowed with the Executive/Supervisor GOLD AWARD

Fouzul Hameed to present exclusive ‘Concept 2017’ show this December

Renowned menswear specialist Fouzul Hameed will continue to uplift menswear fashion in Sri Lanka, by presenting the fourth edition of the annual ‘Envoy Concept’ a showcase