Visa sees tremendous growth potential in Sri Lanka

Visa, a global leader in payments technology, announced that it would be setting up an office in 

Jaya Terminal gets busy with 4 vessels berthing

Four large container ships — MSC Sussana, MSC Joanna, Conticlaris and Bravo — have arrived at the Sri Lanka Ports Authority (SLPA)-run Jaya Container Terminal (JCT) of the Colombo Port. The SLPA 

CB Governor wants fiscal house in order to do his job

Sri Lanka’s new Central Bank Governor Dr.Indrajit Coomaraswamy has now taken a personal interest in disciplining the country’s fiscal house, which has been continuously creating excess demand and 

Wigneswaran boycotts investment forum organised by Governor

The New Indian Express: The Chief Minister of the Tamil-majority Northern Province, C.V. Wigneswaran, boycotted the International Investment Forum organised by Northern Province 

Spectacular kite festival

Colourful kites dotted the Colombo skies yesterday at the kite festival organized by a leading privately owned television network in the country. The picture shows kites in the Galle Face sky, and in the 

Kedella opens

Large crowds flocked to witness the ‘Kedella’ art of living exhibition that opened for the 9th consecutive year at the BMICH yesterday. The 3-day exhibition ends tomorrow. Pic by Kithsiri de Mel 

Esala Perahera – A top tourist attraction

A fire-dancer performs in front of the historic Buddhist Temple of the Tooth, as he takes part in a 

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A Buddhist devotee offers flowers in front of a Buddha statue at a temple in Colombo. Sri Lankan Buddhists celebrated Nikini Full Moon Poya yesterday engaging in religious activities. The country’s capital market was closed due to the holiday  (Reuters Photo)

Economist urges pvt. sector to give more emphasis on product design innovation

Ceylon Chamber of Commerce Chief Economist Anushka Wijesinha urged Sri Lanka’s private sector 

Rocell opens store in Australia

Royal Ceramics PLC, Sri Lanka’s leading bathware and tile manufacturer famous for its Rocell brand, has opened its flagship store in Australia last week. 

Entrepreneurship, innovation play key role in driving economies: Rivkin

Expressing their enthusiasm to support Sri Lankan entrepreneurs and businesses, a top US official recently stressed the importance of boosting Sri Lanka’s startup ecosystem.

US-Sri Lanka trade, investment talks

U.S Assistant Secretary of State for Economic and Business Affairs Charles Rivkin was on a two-day visit to Sri Lanka. He and his delegation met Minister of Development Strategies and International Trade 

PM sheds light on SL’s grave HR issue

Sri Lanka, at the moment, is successfully tackling a number of issues, but concerns around human resources are an area, which neither the private sector nor the public sector is anywhere close to 

President pledges not to privatise any profit-making SOE

President Maithripala Sirisena yesterday pledged that none of the profit-making state-owned enterprises (SOEs) would be privatised. 

Brandix ranked Sri Lanka’s top exporter in 2014 and 2015

The Brandix Group won a remarkable 11 awards including the Exporter of the Year awards for 2014 and 

Non-digitisation of state agencies costing US $ 2mn a day: Minister

Although the government has been on the lookout for new avenues to boost its coffers, it is yet to plug the revenue leakages that amount to approximately US $ 2 million per day due to the non-digitisation of state agencies, the country’s telecom minister pointed out.

Govt. extends EOI deadline for SriLankan

In an attempt to choose from a wider pool of potential partners to manage the country’s debt-ridden national airline, the government yesterday extended the closing date for expression of interest (EOI) 

Sri Lanka PLAST expo kick starts at BMICH

The three-day event includes 175 stalls with representatives from ten countries and comprises of four exhibitions which are ‘Sri Lanka Plast’ with focus on plastics, ‘Rubexpo’ focusing on rubber, 

CSE launches e-connect to improve investor convenience and connectivity

Sri Lanka’s capital market operator yesterday got a step closer in connecting the financial system to the bourse and significantly improving investor convenience with the launch of CDS e-connect. CDS e-

Govt. to go whole hog in privatizing all public enterprises

The Sirisena-Wickremesinghe coalition government is planning to privatize all public sector enterprises under their regime irrespective of them making profits or losses as they believe they will 

President admits need for inclusive policies, better discipline

The government’s financial policies and management should be more disciplined and take into 

OBG gives thumbs up for Sri Lanka!

??By Chandeepa Wettasinghe The Oxford Business Group (OBG), a top global publisher and 

BitMasters wins big at Microsoft Imagine Cup

??By Indika Sakalasooriya (Reporting from Redmond, Seattle) BitMasters, the Moratuwa University 

CONSTRUCTION EXPO 2016

‘Construction Expo 2016’, organized jointly by the Ceylon Institute of Builders (CIOB) and Lanka 

DIMO committed to make Sri Lanka a technological research hub for automobiles

Diesel & Motor Engineering PLC (DIMO), a local agent for leading global automobile brands, expressed its willingness and commitment to make Sri Lanka a centre for automobiles technological 

Damage control

Excavators trying to control sand from washing away around some of the reclaimed parts of the now halted US $ 1.4 billion China-funded Colombo Port City. Despite the project receiving a Cabinet nod, Development Strategies and International Trade Minister Malik Samarawickrama this week refused to comment on the state of the project Pic by Pradeep Pathirana

Government on track to strengthen economy - CB Governor

Sri Lanka’s new Central Bank Governor stressed the time is now ripe to make up for lost time, with 

Germany grants SL € 13mn for development projects

The German government has provided Sri Lanka with a grant of 13 million euros to implement five 

Exporters say too many cooks spoiling the soup!

The duplication of ministry and government agency functions related to trade has created confusion and complacency in the country’s exports, Sri Lanka’s exporters said during their industry body’s annual general meeting last week. 

Hotel Show showcases futuristic displays and innovations

The 11th edition of ‘Hotel Show Colombo - 2016’ kick started yesterday at the BMICH, focusing on its theme ‘Hospitality Industry Vision 20-20’.