Newspapers still the king in Sri Lanka, official data shows

National newspaper circulation in Sri Lanka continued to grow, reaching higher levels than previously seen in 2016, with a greater preference shown towards daily English and Sinhala newspapers, official government data showed.

Sri Lanka should brace for higher interest rates next year as domestic borrowings set to peak

Despite the government securities yields pointing to a lowering trend, Sri Lanka is most likely to face higher interest rates during most part of 2018 as the Central Bank will have to borrow excessively from the banking sector to settle domestic borrowings. 

Pakistan shares IMF experience with SL

To mark the 67th anniversary of its establishment, the Central Bank of Sri Lanka (CBSL) yesterday held the 67th Anniversary Oration, 

Singer and Huawei recognize top performers at Digital Awards 2017

Singer Sri Lanka PLC and Huawei, recognized their top performing dealers at the Singer Digital Awards 2017 gala celebration. The awards ceremony was conducted ceremoniously at Water’s Edge under the patronage of CEO - Singer Sri Lanka, Asoka Pieris and CEO - Huawei Sri Lanka, Shunli Wang with the management of the two companies. 

SLID conducts first customized training programme

The Sri Lanka Institute of Directors (SLID) promotes best practice and professionalism within and beyond the boardroom. 

Delmege joins hands with Hirdaramani Knit, Mihila for staff development

The Delmege Academy of Languages & Skills, a part of Delmege Group, last week concluded its first Business English Training Programme for Hirdaramani Knit Agalawatta. 

Sri Lanka Thailand Business Council 17th AGM

The 17th Annual General Meeting of the Sri Lanka Thailand Business Council was held at the Waters Edge, Battaramulla recently. It was held under the patronage of President of the Council Rizan 

Swadeshi’s Deputy Chairperson wins top leadership award

Swadeshi Industrial Works PLC’s Deputy Chairperson/Managing Director Deshamanya Chulodhara Samarasinghe was bestowed with the Best CEO/Leadership Gold award at the ‘Top 50 Professional & Career Women Awards’, seventh edition. 

SEC-CSE Jaffna Investor Forum generates overwhelming response

The Securities and Exchange Commission of Sri Lanka (SEC) and Colombo Stock Exchange (CSE) conducted the third seminar of their Investor Forum series in Jaffna on August 26, 2017, at Tilko Jaffna City Hotel.

Micromax unveils Canvas 2 smartphone in Sri Lanka

Micromax Informatics, one of the largest smartphone players in the world, officially introduced its latest smartphone Canvas 2 to the Sri Lankan market recently.

Stihl launches battery-powered tools in Sri Lanka

A range of environment friendly, battery-powered outdoor tools were recently launched by Figaro (Pvt.) Ltd at Water’s Edge, Battaramulla.

MTI becomes Dialog Awards’ independent judging partner again

Dialog Axiata PLC successfully concluded Dialog Awards 2016, its annual employee recognition programme, whilst retaining international management consultancy, MTI Consulting, as an independent judging partner for the sixth consecutive year. 

Unilever and Arpico Encourage Shopper’s to Go Green

Unilever Sri Lanka and Richard Pieris Distributors Ltd. together carried out the ‘Don’t Be Silly Silly’ awareness drive to encourage shoppers to go greenby switching to the reusable Arpico - Unilever 

Paramount Event Spaces; creating events with a difference

Paramount Event Spaces are elegant venues with helpful and knowledgeable staff, ready to assist you in making the memories of a lifetime. Their contemporary design and customization options make 

ICC’s Mount Clifford Range - 688 apartments sold out in two months

Sri Lanka’s pioneering infrastructure and multi sector general contractor International Construction Consortium (ICC) has announced that it has successfully sold out the total 688 modern, walk-up 

Hayleys eyes largest shipping company status

In its quest to become Sri Lanka’s largest shipping and maritime company, the Hayleys group subsidiary, Hayleys Advantis Limited, yesterday announced the 95 percent equity acquisition of Sri Lanka Shipping Company Limited for a mammoth Rs.4.9 billion. 

Slasscom-ICT Norway in joint effort to boost Lankan IT sector

Aimed at helping Sri Lanka’s IT/BPM industry reach the US$5billion mark by 2022, the country’s primary IT/BPO chamber, the Sri Lanka Association of Software and Service Companies (Slasscom) together with ICT Norway (IKT-Norge) kicked off a fresh initiative to empower startups in the country.  Slasscom and ICT Norway have come together to offer Sri Lankan startups the unique opportunity to take part in the ‘Oslo Innovation W

Architect 2018 and SLIA 60th anniversary ceremoniously launched

Architect 2018 was ceremoniously launched recently at Hotel Galadari Colombo, with the participation of previous year patron companies and members of Sri Lanka Institute of Architects (SLIA), which was coincided with the 60th anniversary celebrations of SLIA.

Link Engineering continues to soar focusing on diversification and growth

A leading player in the construction industry, Link Engineering has recorded a significant growth across all construction and engineering operations, particularly contributing to the government infrastructure development. 

Pan Asia Bank opens new centre for private banking and wealth management

Pan Asia Bank recently opened a dedicated centre for private banking and wealth management at the World Trade Centre to offer specialized financial and investment advisory services to its high net worth customers. 

People’s Leasing relocates Rathnapura branch

People’s Leasing & Finance PLC relocated its Rathnapura branch (Moragahayata, Colombo Road, Rathanapura) recently. 

How telecom tax reduction can positively impact e-commerce

Sri Lanka is a small market for any business, as it is a tiny island with comparatively small number of population. 

Is India’s IT sector malfunctioning?

For years, IT companies were the darling of Indian stock investors and fund managers. A constantly depreciating rupee since the 1990s until recently helped in the overall business scenario by allowing clients, largely in the United States, to reduce their IT budgets by offshoring work to India. But too much success can easily blind anyone — and the Indian IT sector is a glaring example of that.

National Chamber organises seminar on quarantine procedures

The National Plant Quarantine Service in Sri Lanka, which is authorized to conduct quarantine procedures for approval of shipment, will conduct a seminar on Thursday, September 14, 2017, from 3:00 p.m. to 5:00 p.m., at the chamber auditorium, No: 450, D R Wijewardene Mawatha, Colombo 10.

Net foreign inflows to Colombo bourse tops Rs.28bn

Net foreign inflows to the Colombo bourse topped Rs.28 billion yesterday—the only silver lining in the otherwise gloomy market hindered by higher interest rates, a debt-ridden economy, natural disasters and political volatilities stemming from a coalition government.

Rupee ends firmer on exporter dlr sales

REUTERS: The Sri Lankan rupee closed slightly firmer yesterday as exporter dollar sales surpassed importer demand for the US currency, dealers said.

ICCSL calls on small businesses to participate in ‘ICC-WTO Small Business Champions’

The International Chamber of Commerce Sri Lanka (ICCSL) is calling on small businesses across the country to submit proposals for the ICC-WTO Small Business Champions, a global event organised by the International Chamber of Commerce (ICC).

Norwegian pension fund continues to play active role in Lankan stock market

The central bank of Norway, Norges Bank, which manages the world’s largest sovereign wealth fund, has been active in the Colombo Stock Exchange over the quarter ended June 30, 2017.

Property market funding puzzle gets murkier

In what could be an interesting revelation, some businesses are said to have been using their cash reserves to purchase real estate and apartments but have then resorted to bank borrowings under small and medium enterprise (SME) sector loan category to make up for such purchases.  

Spark: Transforming the actuarial services landscape in Sri Lanka

One of the main challenges faced by the financial sector is quantitative assessment of future risk.  Financial risk can arise due to unpredictable nature of factors such as interest rate and default rate.