SriLankan Engineering achieves milestone with third maintenance line

SriLankan Airlines Engineering division recently commissioned its third parallel Aircraft Heavy 

AVIC International celebrates China’s 67th national day in Sri Lanka

China’s 67th founding anniversary celebrations organised in Sri Lanka by AVIC International Hotels 

Union Assurance partners with Bar Association of Sri Lanka

Union Assurance, a leading player in the Sri Lankan insurance sector, continuing its efforts to identify 

Britain’s banks to reveal solid 3Q results, warn of Brexit storm ahead

REUTERS: Britain’s major banks are set to report stronger-than-expected results this week, 

Pan Asia Bank launches gift promotion for ‘Thrift Month’

Further strengthening the bank’s commitment to encourage the habit of saving among Sri Lankans, 

DFCC Bank launches Rs.4 bn debenture issue

DFCC Bank has launched its debenture issue to raise Rs. 4 billion with an option to go up to Rs. 7 billion in the event of an over subscription. 

LTL Transformers bags NCE Silver Award

LTL Transformers (Pvt.) Ltd, Sri Lanka’s leading transformer manufacturer, received the Export 

Sri Lanka-China Business Council elects new President

The Annual General Meeting (AGM) of the Sri Lanka-China Business Council (SLCHBC) of the 

Singer continues to spearhead e-waste collection

Disposing of redundant electronic goods in an environmentally responsible manner is vital as failure 

Sujan International joins hands with Millers

The award-winning vegetarian food product company Sujan International (Pvt.) Ltd joins hands with 

Qatar Airways to open daily Doha-Seychelles service

Qatar Airways will provide travellers with greater access to the idyllic white sand beaches and 

No headroom for external borrowings next 2 years: economist

Despite the 3-year engagement with the International Monetary Fund (IMF) is expected to act as a 

Lakdhanavi receives National Occupational Safety & Health Excellence Silver Award

Lakdhanavi Limited, the power generation arm of the LTL Holdings group, was presented National 

SIA launches non-stop Singapore-San Francisco flights

Singapore Airlines (SIA) has launched its new Singapore-San Francisco service, linking Singapore 

Bank of Ceylon offers an account for everyone during ‘Thrift Week’

Along with the government initiatives for financial inclusion, Bank of Ceylon has brought forward 

Kuwait Airways to own youngest commercial fleet by 2017

Kuwait Airways, the national carrier of the State of Kuwait, has revealed a ‘once in a generation’ 

Britain’s Asian opportunity

We now know that the UK will trigger Article 50 of the Lisbon 

Rupee weaker on importer dollar demand; stocks up

REUTERS: The Sri Lankan rupee edged down yesterday due to importer dollar demand and a lack of 

Malaysia’s MINDA and CA Sri Lanka in fresh bid to build high-performing directors

In an effort to enhance the effectiveness of directors in the region, the Institute of Chartered 

Evolve Technologies Acclaimed As, “Sri Lanka’s Best Employer Brand-2016”

Leading IT, Software, BPO and Outsourcing Company, Evolve Technologies (Pvt) Ltd, recently walked away with the award for “Sri Lanka’s Best Employer Brand-2016”,

Sigiriya Jungles offers true Sri Lankan luxury amidst ancient heritage

Sigiriya Jungles, the newest deluxe Sri Lankan-styled resort in the heart of the cultural triangle, offers an exclusive Sri Lankan experience where the rustic and the royal combine

DFCC Bank launches LKR 4 billion debenture issue

DFCC Bank has launched its Debenture Issue to raise LKR 4 billion with an option to go up to LKR 7 billion in the event of an over subscription

Top economists call for austerity budget

Leading economists recently called on the government to implement austerity measures in the upcoming budget in order to save the country from the trouble it is in and to market the budget as a ‘thrifty budget’ to rally public support around it.

India’s Tata Sons dumps Cyrus Mistry as Chairman

AFP: India’s Tata Sons dumped Cyrus Mistry as its Chairman in a surprise announcement yesterday, almost four years after his appointment as the first chief of the conglomerate from outside the Tata family.

ComBank’s Rs.5bn debt issue oversubscribed twice over

The Rs.5 billion debenture issue of Commercial Bank of Ceylon PLC closed within minutes of opening yesterday after it was oversubscribed twice over. The bank received a substantial amount of applications and has decided to exercise its option of enlarging the issue to Rs.7 billion, the bank notified the Colombo Stock Exchange (CSE).

Maldivian envoy invites more Lankan firms to invest in archipelago

The highest ranking Maldivian diplomat in Sri Lanka yesterday asked local companies to invest more in the Maldives in the future, as the Indian Ocean archipelago gears itself up to an economic transformation under its current leadership.

FIU-Inland Revenue Dept. sign MoU to curb financial crime

In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into a Memorandum of Understanding (MoU) with the Inland Revenue Department recently to exchange information in order to facilitate investigations and prosecutions on money laundering and terrorist financing.   

Shares hit 12-week low as investors eye budget, 5-year plan

REUTERS: Sri Lankan shares closed yesterday at their lowest in 12 weeks in lean trade as investors awaited cues from the central government budget and the five-year plan ahead of corporate results. Sri Lanka’s quarterly earnings season started two weeks back, but the bulk of locally listed firms will not report until late October or early November. The national budget is scheduled to be presented on November 10. The benchmark index of the C

Ruhuna University holds Spaghetti Bridge Competition for 4th time

For the 4th consecutive year, the Department of Civil and Environmental Engineering, Faculty of Engineering, University of Ruhuna, held its Spaghetti Bridge Competition at the auditorium of the university.

NDBIB successfully closes Mobitel’s e-Channelling acquisition

NDB Investment Bank (NDBIB) successfully advised Mobitel (Private) Limited in its recent acquisition of e-Channelling PLC.  The transaction was announced on the floor of the Colombo Stock Exchange on September 5, and the acquisition was executed via a voluntary offer.