Dankotuwa Porcelain celebrates 33rd anniversary

Leading Sri Lankan porcelain manufacturer and exporter Dankotuwa Porcelain yesterday celebrated 33 years of operations.

Dankotuwa Porcelain celebrates 33rd anniversary

Leading Sri Lankan porcelain manufacturer and exporter Dankotuwa Porcelain yesterday celebrated 33 years of operations.

High level delegation visits WEF as follow-up to Davos Summit

Following the participation of Prime Minister Ranil Wickremesinghe and delegation at the World Economic Forum (WEF) Annual Meeting in Davos in January, a Sri Lankan delegation consisting of senior government 

Ceylon Chamber signs MOU with Zurich-based Swiss-Asian Chamber

The Ceylon Chamber of Commerce and Zurich based Swiss- Asian Chamber of Commerce signed an MOU recently in a bid to promote trade and investments between Sri Lanka and Switzerland. The signing

Sunshine-Watawala group enters dairy business with US $ 11.5mn investment

Diversified conglomerate Sunshine Holdings PLC’s subs idiary Watawala Plantations PLC yesterday entered into a joint venture with Singapore-based asset manager Duxton Asset Management to set up a US$ 11.5

Heritance Negombo to open next month

Leading hospitality group Aitken Spence on Monday provided a preview of its newest property in Sri Lanka’s 

Heritance Negombo to open next month

Leading hospitality group Aitken Spence on Monday provided a preview of its newest property in Sri Lanka’s 

Planters say harvesting efficiency of available workforce crucial for industry survival

With a view to ensure the sustainability of a rapidly failing industry, the Regional Plantation Companies (RPCs) say it is imperative that harvesting yields are increased and are introducing suitable ‘tea harvesters’ on certain estates. To support plantation workers too in improving productivity, RPCs are mulling greater use of manual shears, recent experiments of which have shown early encouraging signs.

Havelock City launches sales of phase 3 apartments

Havelock City, the premier residential development in Sri Lanka ceremoniously launched the sales of its phase 3

‘Indee Sri Lanka 2016’ to further expand economic ties between Sri Lanka and India

??By Zahara Zuhair Tapping the vast synergies between the two economies of both Sri Lanka and India,

False promises!

A man rides a bicycle in Colombo on March 16 during a power cut. Despite the government’s assurance that

TPP in focus at int’l trade confab in Colombo

A high-level trade confab in Colombo attended by reps from the Commonwealth, Canada’s International Institute on Sustainable Development (IISD), Netherland’s South Centre, New Delhi reps and 

FinMin says Sri Lanka back in business!

Fi n a n c e Min i s t e r Rav i Karunanayke, delivering the

FinMin meets IMF Chief

Finance Minister Ravi Karunanayake met with International Monetary Fund (IMF) Managing Director Christine

Lube market at risk of fragmenting due to lax regulation

Sri Lanka’s overcrowded lubricant industry is facing the risk of further fragmentation due to the go

Bahrain-SL investment talks

A special discussion between the Crown Prince of Bahrain, Sheik Salman bin khalifa Al khalifa and the Finance 

Sri Lanka marks 50 at ITB travel trade show

The Sri Lanka Pavilion was a big draw at the world’s largest travel and trade show, ITB which opened in Berlin on Wednesday. 

All issues with China now resolved: Malik

In t e r n a t i o n a l Tr a d e an d Development Strategies Minister Malik Samarawickrama yesterday expressed confidence in Sri Lanka’s relationship with China continuing on a much firmer and stronger footing

Mobile operator hails govt.’s efforts to lift FDI barriers

The current regime has taken giant strides towards removing hurdles that restricted foreign direct investments (FDIs) in the past, the head Sri Lanka’s largest mobile telecom services provider Dialog Axiata said.

UNP and Communist Party of China strengthen links

The UNP and Communist Part of China (CPC) have initiated plans to deepen relationships. UNP Chairman Minister Malik Samarawickrama and UNP...

Sickle in place of gun!

Members of Civil Security Department (CSD) of Sri Lanka were seen harvesting their rice crop in former war-torn Kilinochchi district recently. CSD Director General Chandrarathna Pallegama also participated in the event

Ringing the bell for gender equality

The Sri Lanka Institute of Directors together with the Colombo Stock Exchange and the International Finance

SEC “deliberating” minimum public float rules: Thilak K

Capital Market regulator Securities and Exchange Commission (SEC) is currently “deliberating” on the mandatory 

BOC sets new profit benchmark

State-owned banking giant Bank of Ceylon (BOC) recorded a pretax profit of Rs.25.3 billion for the year ended December

LOLC rings bell to open trading

Lanka Orix Leasing Company PLC opened trading at the bourse yesterday with the traditional bell ringing ceremony on the first day of trading each month for companies listed under S&P SL20 index.  The LOLC Group last week signed a foreign syndicated loan of US$ 247 million to fund its corporate debt and micro financing operations.  

Fitch downgrades Sri Lanka to ‘B+’; outlook negative

Fitch Ratings yesterday downgraded Sri Lanka’s sovereign credit rating to ‘B+’ from ‘BB-’ and assigned a negative outlook.

Aiming to fly high

The “Shang Flying Dreams Kite Festival” organized by Shangri-La Resort in Hambantota was held last Saturday with the participation of school children in the area. The 100-day countdown is also set for the opening of the resort. Shangri-La is a Hong-Kong based luxury hotel operator who is also developing a property at the Galle Face promenade.  

McLaren's 570GT luxury supercar

The new 570GT is the third model in McLaren's "Sports Series"

Central Bank says won’t rule out another rate hike

The Central Bank Governor Arjuna Mahendran said yesterday that he would not rule out another rate hike this year if the foreign outflows continued. His comments came less than a week after a 50 basis point rate increase by the Central Bank.

Fonterra opens demo farm, training centre

New Zealand Prime Minister John Key, who is currently visiting Sri Lanka, is being given an explanation about the activities of the first-ever Fonterra Demonstration