SoftBank invests US$4.4 bn in shared offices firm WeWork

AFP: Office sharing startup WeWork on Thursday announced that Japan’s SoftBank Group has made a US$4.4 billion investment in the company. Since launching in New York seven years ago, WeWork says it has grown into a network with more than 150,000 members at some 160 locations around the world.

1st Of September To Go Down in Insurance History

In 2015 the Insurance Association of Sri Lanka (IASL) began a journey to gain national recognition to increase thespread of awareness about the value of Insurance. With the support of the Insurance 

Amãna Bank partners with FACETS Sri Lanka as Official Banker

Amãna Bank has joined hands with the Sri Lanka Gem and Jewellery Association to be its Official Banking partner for FACETS,Sri Lanka’s pinnacle International Gem and Jewellery Exhibition.

Fairway Colombo presents Art and Jazz on the Street

Fairway Colombo, the city hotel of Fairway Holdings, one of Sri Lanka’s leadingbusiness conglomerates, is taking the initiative to promote local art and jazz in the city of Colombo. 

Karadiyana Waste to Energy Project Inaugurated With Fairway Waste Management

The ground breaking ceremony to launch the Waste to Energy Project at Karadiyana was held recently with the attendance of His Excellency President Maithripala Sirisena, along with the Chief 

ADB pledges US $ 5bn to SL under new CPS

The Asian Development Bank will be providing up to US$ 5 billion in financing to Sri Lanka through its new Country Partnership Strategy (CPS) over the next five years until 2022, in order to help the country transition into the upper middle income status.

From cooperatives, for cooperatives: SDB bank reaches 20-year milestone

Starting off with humble beginnings as an institution to help uplift the rural masses, Sanasa Development Bank PLC (SDB bank) has grown from strength to strength and today dares to aim greater heights.

NDB introduces latest branch in Bambalapitiya with synergized services

NDB has opened its 107th branch titled ‘NDB Private Wealth Centre Branch’ in the heart  of Bambalapitiya.

Seylan Sirinivasa makes owning a house a reality

Seylan Bank, one of the nation’s leading private banks, is now offering fast and convenient home loans under ‘Seylan Sirinivasa’, to customers in a hassle free manner to fulfill their aspiration of owning a dream house, land and apartment. 

BOC to recognize long -standing dedicated staff members

Bank of Ceylon will recognize its long standing staff members who have enriched the legacy of the bank through their sweat and tears. 

Never too late for entrepreneurship – the story of world’s oldest app developer, Masako Wakamiya

Eighty one-year old Masako Wakamiya was inspired to learn coding and create her own app for seniors when she noticed that there was a shortage of apps aimed at them. 

Indian sustainability vs. Sri Lankan hedonism in energy security

India has the second largest population and is the third largest emitter of green- house gases in the world. The country has a vision of projecting sustainable development in order to alleviate poverty. One of the methods is by aiming to sell only electric cars by the  year 2030. 

New revenue bill to test govt.’s backbone

The backbone of this government will be thoroughly scrutinized today. No, it has got nothing to do with quelling the seemingly endless daily protests, or the rhetoric of curbing corruption within the current regime or its predecessors. 

Amjath Careem, youngest student to complete CA exams

Amjath Nazeer Abdul Careem completed all the examinations as well as the case study of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) prior to his twentieth birthday.

Sri Lanka – Korea Business Council holds 23rd AGM

The 23rd Annual General Meeting (AGM) of the Sri Lanka – Korea Business Council (SLKBC) of the Ceylon Chamber of Commerce was held recently at Hilton Colombo Residences re-electing Mahen Kariyawasan, Chairman, Andrew the Travel Company (Pvt) Ltd as the President. 

National Chamber seminar on new Inland Revenue Bill

The National Chamber of Commerce of Sri Lanka has made arrangements to conduct a seminar on New Inland Revenue Act on 12 September from 2:30p.m to 5:00p.m at the National Chamber Auditorium, D.R. Wijewardena Mawatha, Colombo 10.

Sujeewa leads SL trade and investment delegation to Turkey

A ministerial delegation led by International Trade State Minister Sujeewa Senasinghe, together with the representatives from the Board of Investment (BOI), Joint Apparel Association Forum (JAAF) and Sri Lanka Export Development Board (EDB) held meetings related to trade and investment promotions in Turkey recently. 

NCCSL to hold session for businesses with Paskaralingam

R. Paskaralingam, Advisor to the Ministry of National Policies and Economic Affairs and a former senior government officer will chair a business forum with the  business community to assist them  to sort out their business issues/concerns, difficulties faced and other areas that need to be clarified.

Ceylon Chamber to hold seminar on new revenue bill

The Ceylon Chamber of Commerce has organized a seminar to create awareness on the new Inland Revenue Bill, which will be taken up for debate in the Parliament today.

Sadaharitha to launch agarwood products under own brand name

This August, Sadaharitha Plantations is proudly celebrating a 15-year-long journey that has seen the value of its pioneering business of commercial forestry flourishing from less than a million rupees in the first year to over a billion rupees this year.

Crysbro mychef.lk booth shines at Culinary Arts Expo 2017

The Crysbro chicken stall enticed the attention of thousands of culinary lovers who trotted the BMICH to participate in Culinary Arts Exhibition 2017.

LECS partners Metropolitan as Gold Partner for ‘Office 2017’ 

Metropolitan Holdings Pvt. Ltd partnered as the Gold Sponsor for Office 2017, an exclusive exhibition showcasing the complete workplace solutions to be held in September.

Facets 2017 to attract several foreign delegations

The gem and jewellery industry of Sri Lanka as well as the premier platform that showcases it, the Facets Gem and Jewellery Exhibition, has gained much international acclaim and recognition. This has been proven by the confirmation of several international delegations for the 27th edition of Facets this year.

Angry Pakistanis lash out after US condemnation

Angry and offended Pakistanis fired back Wednesday against Donald Trump’s accusations that their country harbours militants, highlighting the heavy toll they have paid fighting extremism and slamming his embrace of arch-rival India.   

Shares hit over four-month closing low

REUTERS:  Sri Lankan shares yesterday hit an over four-month closing low as gains in telecom shares were offset by losses in diversified stocks.

Govt. drops proposal to tax profits from share trading

REUTERS: Sri Lanka will not go ahead with a proposed tax on profits from share trading that was planned as part of a major tax reform bill, a top government official said, after the move dented investor sentiment and drove down the main share index.

Inequality becoming major concern

Following considerable progress in reducing poverty in recent years, controlling inequality is starting to become a major challenge for Sri Lanka, Hayashi said. “Inequality is becoming a larger issue for Sri Lanka because in general, upper middle income countries have the highest inequalities. 

Govt.’s indecision over ECT worries ADB

The ADB said that it was contemplating to distancing itself from the East Container Terminal (ECT) project in the Colombo Port due to delays in the government selecting finalists from the submitted expressions of interest (EOIs).

Footwear subsidiary shareholders approve Lanka Century Investments share swap deal

Shareholders of Ceylon Leather Products PLC (CLP) have approved a share swap arrangement involving its parent company Lanka Century Investment PLC (LCI) at an Extraordinary General Meeting held yesterday. 

HNB provides Rs.400mn for possible losses over investments made through Entrust

Hatton National Bank PLC (HNB) has provided as much as Rs.400 million from its group profits on account of investments made in government securities by one of its subsidiaries through the troubled primary dealer, Entrust Securities.