Rotary Club of Colombo West President receives ‘Best President’ award

Roshan Perera, the 56th President of Rotary Club Colombo West, was awarded the ‘Best President’ award in Colombo recently, at the Gala Rotary Awards Night with over 400 guests at Galadari Ballroom.

Sri Lankan Airlines hosts amazing ‘Rumble in the Jungle’ mountain biking race

Sri Lankan Airlines held Sri Lanka’s premier mountain bike stage race, ‘Rumble in the Jungle’ successfully for a third time in a row recently. The race takes riders from hot and humid jungles, 

DSI Partners with Star Points to Launch a Unique Loyalty Program

DSI recently announced the re-launch of their loyalty program with Star Points. The objective of the program being to offer customers a one-of-a-kind lifestyle ‘loyalty’ experience.

Hameedia rewards participants of Human Resource conference 2017 as the official clothing partner

Hameedia, Sri Lanka’s leading menswear specialist, was privileged to be the official clothing partner for the prestigious National Human Resource Conference 2017

Hameedia rewards participants of Human Resource conference 2017 as the official clothing partner

Hameedia, Sri Lanka’s leading menswear specialist, was privileged to be the official clothing partner for the prestigious National Human Resource Conference 2017

Sri Lankan insurance industry grows 16.27%

The Sri Lankan insurance industry recorded a growth of 16.27 percent in 2016 compared to 2015 in terms of its gross written premium (GWP) across both the long-term and general insurance  business sectors. 

Singer Sri Lanka partners Home and You Lifestyle Fair

One of the most prestigious business entities in the country and the leaders in consumer durable goods market, Singer Sri Lanka PLC partnered with Sri Lanka’s premier lifestyle exhibition ‘Home and You Lifestyle Fair’ for the 19th consecutive year as the principal sponsor. 

Whoever said that space could not be owned?

 With 18 acres of space in the heart of Colombo, Havelock City is an architectural triumph designed to give you never-ending space to live, work and play. 

Global Housing and Real Estate launches Ocean Breeze Negombo

Marking yet another step in its journey of creating luxurious living spaces, Global Housing and Real Estate (Pvt.) Ltd officially launched its 14th luxury apartment project, Ocean Breeze Negombo, at a gala launch cocktail ceremony held at The Kingsbury  Hotel recently. 

ECL redevelops Maldives’ ADK Hospital

While developing countries seek access to affordable healthcare, continuous advancement in medical technology requires new standards for hospital design and amenities.

Blue Mountain breaks ground for Avalon

Blue Mountain Apartments recently held the ground-breaking ceremony to commence construction of ‘Avalon’, an affordable luxury apartment complex with 18 units, located in Somadevi Place, Colombo 05. 

Indian economic diplomacy in Belt and Road era

In May 2017, India curtly and publicly declined to attend Chinese President Xi Jinping’s Belt and Road Forum (BRF) in Beijing. India’s snub was both uncharacteristic and controversial, although not unexpected. 

No time to stand still: Strengthening global growth and building inclusive economies

Nearly 60 years ago, a little-known band called the Beatles arrived in Hamburg, got a haircut, recorded their first song and found their sound.

What holds us back on home turf?

We, Sri Lankans, are a capable, talented and hard-working lot. Yes, we are, in selective 

CB suspends operations of Perpetual Treasuries

The Monetary Board of the Central Bank yesterday said the operations of the controversial primary dealer Perpetual Treasuries Limited (PTL) was suspended for a period of six months with effect from 4.30 p.m. on July 06, 2017.

Mano Sekeram appointed to Bank of Ceylon board

IT industry professional Mano Sekeram has been appointed to the board of state banking giant Bank of Ceylon.

Glyphosate use should be backed by evidence-based policies: Eran

Evidence-based policies need to be undertaken with regard to the use of glyphosate in Sri Lanka, in order to support one of Sri Lanka’s leading export earners, Finance State Minister Eran 

IOSCO says large portion of SL’s financial system unregulated

The global standard setter for the securities sector, the International Organization for Securities Commissions (IOSCO) recently highlighted that a significant portion of Sri Lanka’s financial system is unregulated, with various regulators for the sector acting without formal cooperation.

Bloomberg expects slightly higher interest rates in Sri Lanka towards 4Q17

Economists surveyed by Bloomberg during the last couple of days forecasted slightly higher interest rates in the Sri Lankan economy towards the latter part of the year from what is prevailing at present. 

Shares end higher on foreign buying; telecom leads

REUTERS: Sri Lankan stocks yesterday edged up from a near one-week closing low hit in the previous session, buoyed by industrial and telecom shares while offshore investors continued to be net buyers.

Softlogic to buy Suzuki Motors Lanka for Rs.250mn

Diversified conglomerate Softlogic Holdings yesterday said it had entered into a share sale and purchase agreement to fully acquire Suzuki Motors Lanka Limited a for a total consideration of Rs 250 million.

Rupee ends steady in thin trade

REUTERS: The Sri Lankan rupee ended steady yesterday as importer demand for dollars offset mild greenback sales by exporters and banks, while expectations that imports would increase weighed on the local currency.

ADB to double multi sectoral assistance to Sri Lanka up to US$ 1 bn

The Asian Development Bank (ADB) will be doubling its multi sectoral assistance to Sri Lanka up to US$ 1 billion from this year as a result of the merger of its two main windows of financing. 

“Hatharen Hathara“ –finding creativity in unexpected forms

You would most probably have heard the myth about being left-brainedor right- brained according to your capabilities and skills. However, we have extraordinary people who challenge this stereotype

JKOA strikes diamond again for Toshiba MFP’s

Sri Lanka’s trusted office automation solutions provider John Keells Office Automation (Pvt) Ltd has yet again proven itself to be a true game changer by securing the Diamond Award for the fourth 

Sand shortage sends construction costs spiralling upwards

Sri Lanka is currently facing a shortage of sand and granite essential for the construction industry, spiralling the construction costs upwards, Tokyo Cement Company (Lanka) PLC (TKYO), the country’s largest cement manufacturer and supplier, said.

Japanese giant Mitsui to relaunch Lankan operations

Japanese conglomerate, Mitsui & Co., Ltd is poised to relaunch its activities in Sri Lanka by opening up an office at the World Trade Centre in Colombo.

SL to borrow US $ 75mn from IDA to modernize financial sector

The government is to sign a US $ 75 million loan deal with the International Development Agency (IDA) of the World Bank to modernize the country’s financial sector.

Aussie envoy urges SL to keep the reform scoreboard ticking with occasional big hit

The Sri Lankan government must continue with the recently started reform process over a long period, while notching up small wins, in order to generate meaningful gains for businesses and individuals, much like cricket, the Australian High Commissioner in Sri Lanka said.

Tourist arrivals in June up 4.5%; arrivals in first six months top 1mn

Tourist arrivals to Sri Lanka in June increased by 4.5 percent year-on-year (YoY) to reach 123,351 visitors, recording the third highest monthly growth so far this year, despite occurring during the usual quiet period for tourism in the country.