Stay order on sale of shares to ADB: Court grants time until Dec. 1 for HNB to file objections

The court yesterday granted Hatton National Bank PLC (HNB) time until December 1, 2016 to file 

From worst to best: EU says Sri Lanka now setting standards for fishing practices

??By Chandeepa Wettasinghe Sri Lanka is now setting standards for fishing practices in the Indian Ocean, compared to its situation just a few years ago, the European Union (EU) Delegation in Sri 

SriLankan delights loyal passenger with Gold card

SriLankan Airlines gave one of its loyal customers, Peter Phillips of Shropshire, United Kingdom, a delightful surprise by rewarding him for his loyalty to SriLankan Airlines. 

Esoft Metro Campus and Sirasa TV donate computer lab to Kurunegala school

Esoft Metro Campus, which has launched the ‘e-Thilina’ community service- oriented initiative in partnership with Sirasa Television, donated a fully-fledged, computer laboratory with internet and other facilities to the Athugalpura Prince College, Kurunegala recently. 

Emirates signs million dollar deal with Thales for Boeing 777X fleet’s IFEC solutions

Emirates has signed an agreement with Thales to equip its Boeing 777X fleet with Thales Avant in-flight entertainment system. The airline will work in partnership with Thales to develop and enhance the state-of-the-art inflight entertainment and connectivity (IFEC) system to be fitted on its new Boeing 777X aircraft due for delivery starting in mid-2020. 

Anantaya Chilaw hosts 36th SLAITO AGM

Anantaya Resort & Spa in Chilaw, located on the pristine North Western Coast, recently hosted the 36th Annual General Meeting of Sri Lanka Association of Inbound Tour Operators (SLAITO).

Fiscal policy for growth: Sustainable financing for development

Sri Lanka’s public finances are at a perilous state. Already weakened by years of low revenue growth and high external debt to fund a public investment-led growth process, systemic weaknesses coalesced in 2015 to put the country on the cusp of falling into a public debt-triggered economic crisis. A ballooning fiscal deficit and excessive public debt accumulation have resulted in a rising debt service burden; the conduct of the monetary poli

Mercmarine state-of-the-art navigational technology produces top merchant seafarers

With increasing development of the maritime sector and growing interest in global seafaring, Sri Lanka is grooming hundreds of young merchant seafarers to meet the demands of the industry. As a recognised leader in producing quality seafarers for over three decades, Mercmarine Training is committed to providing training solutions to meet the needs of the maritime industry. 

Toyota Lanka supports ‘Ranaviru Real Star’ for fifth consecutive year

Toyota Lanka (Private) Limited, the sole authorized distributor for Toyota vehicles in Sri Lanka in its effort to recognize and support the ‘real heroes’ of our nation, tied up with “Ranaviru Real Star” for the 5th consecutive time this year. 

FinMin to grace CA Sri Lanka’s regional accounting event in Colombo today

The South Asian regional seminar series on ‘Enhancing Public Financial Reporting to Promote Growth in South Asia’ will be held under the patronage of Finance Minister Ravi Karunanayake in Colombo today. 

Secure online banking with Nations Trust Bank

Nations Trust Bank recently upgraded its online banking facilities to offer customers with fast and secure services for all online banking transactions. 

CTC employees provide humanitarian support to drought-affected families

Carrying out their duties as a responsible corporate, Ceylon Tobacco Company PLC (CTC) recently completed a CSR initiative where the company donated clean drinking water to over 500 drought affected families in Madirigiriya and Elahera leaf growing areas. 

Customers join in Deepavali celebrations at HSBC

The festival of lights lit up HSBC branches in Galle, Jaffna, Wellawatte and Kandy over the Deepavali weekend. 

NDB Wealth advises financial independence to light up your Deepavali

Deepavali, or the Hindu festival of lights, as it is also commonly known, is a time when you fix up and decorate your home, buy new clothes for yourself and your family and take part in festivities with your community. 

Fiscal challenges ahead of budget 2017

The forthcoming Budget 2017 is to be presented in the midst of many macroeconomic vulnerabilities manifested by persistent fiscal deficits. Revenue generation is constrained by the limitations in mobilizing direct taxes which have led to a continuous rise in the indirect tax burden making the tax system more regressive hurting the poor and further widening the income inequality. 

Qatar Airways launches two seats, one great offer on board its award winning Business Class

Qatar Airways is inviting travellers to plan the perfect trip for two with an exclusive companion offer available on board Qatar Airways’ World’s Best Business Class. 

Abbotsleigh tea gets all-time record price

At this week’s tea auction, two invoices of the PD grade from Abbotsleigh Estate, selling under the mark Florence, secured an all-time Colombo tea auction record price of Rs.660 per kilogramme.  One invoice was purchased by Watawala Tea Company, whilst the second invoice was purchased by Liptons. Both teas were sold through the catalogue of Lanka Commodity Brokers Ltd.

TrailSL 2016 completes journey

TrailSL 2016, the 28-day journey from North’s Point Pedro to South’s Dondra, to raise US $ 5 million 

People’s Bank celebrates festival of lights

In commemoration of Deepavali, People’s Bank organized a series of ceremonies at the Wellawatte branch.A special Hindu pooja was conducted to invoke blessings for the nation, customers as well as the staff of People’s Bank this was followed by cultural performances by school children.  The corporate and executive management of the Bank including N. Vasantha Kumar – Chief Executive Officer / General Manager, People’s B

Epic Lanka partners with APB as platinum sponsor for 28th anniversary convention

Epic Lanka has joined hands with the Association of Professional Bankers (APB) as platinum sponsor for its 28th anniversary convention.

Environmental Monitoring team visits Port City site

The members of the Environmental Monitoring Committee (EMC) appointed by the Coast Conservation Department (CCD) to oversee the environmental compliance of the Colombo Port City Development Project made an inspection tour at the project site on November 1.

Huawei’s ‘Seeds for the future’ selects 10 Sri Lankan undergrads for China study tour

Chinese tech giant, Huawei has selected 10 undergraduates to visit their campus in Shenzhen, China to attend a workshop in Information and Communications Technology (ICT), as part of the ‘Seeds for the future’ programme in collaboration with the Prime Minister’s Office and Ministry of Communications and Digital Infrastructure. 

EASL cautions over threats to int’l trade

Exporters Association of Sri Lanka (EASL) yesterday cautioned of elements who are trying to influence the authorities to reintroduce Terminal Handling Charges (TCH) and other surcharges and stressed that such a move could make import /export trade very uncompetitive. 

Uga Bay Pasikudah celebrates fourth year anniversary with staff and community

Uga Bay marked an important milestone by entering its 4th year in the hospitality industry.  The elegant and lush beach resort hotel located in Pasikudah on the pristine border of the East Coast, celebrated the occasion by giving back to the community and of course treating its staff and guests.

GAC Sri Lanka marks World Maritime Day with nature protection drive

GAC Sri Lanka, the premier ship agency and logistics service provider in Sri Lanka celebrated the World Maritime Day this year with a contribution to nature protection in Sri Lanka.  GAC Sri Lanka continued with their last year’s efforts in creating awareness on the prevention of marine environment pollution. 

Ravi to deliver keynote at CIMA Nov. 15 budget forum

Following the presentation of the Budget 2017, Chartered Institute of Management Accountants (CIMA) will be conducting a post-budget seminar to analyse the budget proposals and its impact from an economic, taxation and business perspective, on November 15, at the BMICH, from 6:00 p.m. to 8:00 p.m.  

E-commerce: The great equalizer in international trade

The global e-commerce market has grown exponentially over the past decade, rising from a US $ 300 billion in the 2000s to US $ 22,000 billion in 2015. E-commerce has now become a new driver of international trade; as it helps more firms participate in international supply chains and reduce transaction costs and entry barriers. As the Asia-Pacific region takes front stage in becoming the fastest growing region in the sector, it brings a tremendous

Bank of Ceylon green banking goes with digitization

The Bank of Ceylon (BoC) as the leading bank in Sri Lanka, has always acted as a responsible financial institution by creating the best solutions for its customers in an environmentally-friendly manner. 

Top Danish entities in SL exploring business opportunities

On the lookout for opportunities to support the island nation’s growth agenda, a high-profile Danish delegation in Colombo yesterday received a comprehensive briefing on operating and trading in Sri Lanka, an effort by the European Chamber of Commerce of Sri Lanka (ECCSL) to increase ties between the two nations.

TrailSL draws to an endwith the support of Sri Lankan Airlines team members

Forever endeared to the hearts and minds of  Sri Lankans all over, TrailSL ended its historic journey across the country from Point Pedro in Jaffna at Dondra Head in Matara.