Soothe sensitive skin with new Almond Milk & Honey body care range; The Body Shop and Hilton Colombo

The Body Shop in Sri Lanka together with the Hilton Colombo hosted invitees at a session about sensitive skin and superfood for skin on Thursday, 20 April. A soothingly timeless pairing of milk

Access Engineering expedites Rajagiriya flyover construction work

Access Engineering PLC, the pioneers in the flyover construction in Sri Lanka, is speeding up the construction work of the Rajagiriya flyover, a reliable solution to lessen the heavy traffic congestion at the Rajagiriya junction along the A0 road, Sri Jayawardanapura Mawatha.

Swift construction progress places Astoria towards timely completion

The Aviation Industry Corporation of China (AVIC), a Global 500 company with its subsidiary company, AVIC International Hotels Lanka Limited, had recently produced a progress update with regards to the upcoming formative construction project of the AVIC Astoria in Colombo 3.

Virtual reality to transform designing process

Acecam (Pvt.) Ltd introduced a breakthrough technology solution – YFCAD, for the interior designing industry, which integrates 3D designing and extending it up to virtual reality.

Colombo promoted as real estate investment destination of choice

At an investor forum in Hong Kong and in Colombo Stock Exchange/Securities Exchange roadshows in Sydney and Melbourne, Indocean Developers Director Pradeep Moraes focused on the combination of factors that are uniquely offered by Sri Lanka to international investors in the high-end real estate market. 

Japan’s Kansai Paints enters Lankan market

With the inauguration of its production facility in Koggala with an investment of US $ 5 million this Wednesday, Japan’s Kansai Paints Ltd, entered into the Sri Lankan market, with the expectation of capturing a 50 percent market share of the Rs.25 billion industry. 

Walkers CML launches ‘Ground-Zero Organisational Structure’ with MTI

The new organisational structure for the Walkers CML group was presented to the senior management and executives of the group at an event held recently at Hilton Colombo with the participation of over 800 employees.

New Silk Road or new great game? India developing new Sri Lanka port to combat China

FORBES: As regional powers like China, Russia, Japan, and India vie for political and economic position throughout the eastern realms of Eurasia, many of the less powerful countries caught in the middle are employing what could be called a ‘multi-vector strategy’ as they engage openly with multiple suitors in an attempt to balance out their respective influences and ultimately bringing in more investment, financing, and development fo

Rising Sun for Japan-Sri Lanka maritime relations

The Indian Ocean is the third largest water-body on planet earth. There are two billion people living in the Indian Ocean Region (IOR). This ocean has played a strategically significant role in the history. Its strategic significance has now become even more important in this ‘Asian century’. 

NDB wins Brand Excellence, Social Media Marketing at CMO Golden Globe Awards

NDB, formerly known as National Development Bank, was a recognized development bank which financed long-term investments to many large-scale projects. After many years of spurring development in the country,

Amana Bank opens offsite ATM at Oluvil University

Amãna Bank recently launched its fifth remote ATM at the South Eastern University of Sri Lanka in Oluvil. 

Sri Lanka rules may boost capital, mergers for small NBFIs: Fitch

The new regulations issued by Sri Lanka’s Central Bank to increase minimum core capital levels for all licensed finance companies could spur small companies to improve their capital buffers and may reignite industry consolidation, says Fitch Ratings.

Cargills Bank expands remittance partners; ties up with UAE’s Instant Cash

Cargills Bank prioritizes customer convenience and value by progressively expanding remittance access points to its customers and through its latest tie-up with another leading money transfer service partner, Instant Cash.

Pan Asia Bank 1Q net profit up 16% to Rs.353mn

Mid-sized bank, Pan Asia Banking Corporation PLC, reported an after tax profit of Rs.353.4 million for the March quarter (1Q17) recording an increase of 16 percent from the same period last year.  

Status of poverty in Sri Lanka based on different poverty lines

The aim of Sustainable Development Goal 1 (SDG 1) is to eradicate extreme poverty and to reduce all forms and dimensions of poverty, at least by half, by the year 2030. As such, this article looks at the status of poverty in Sri Lanka, based on different poverty lines, both national and global. 

Climate literacy in Sri Lanka’s development pathway

With the electoral manifesto of current President, Maithripala Sirisena, which promised the formulation of a national policy that could face modern ecological challenges, the country’s drive towards sustainable development was instated.  

Prof. Munasinghe delivers Nobel keynote speech at Global Conference

Prof. Mohan Munasinghe, Sri Lanka’s only Nobel Peace Prize winner delivered the inaugural Nobel keynote speech at the Global Water and Sustainability conference in Barcelona, Spain recently. He made his speech and also launched the latest edition of his path breaking book on Sustainomics. 

SriLankan Airlines operating loss tops Rs.14bn in 2016

National carrier, SriLankan Airlines, made an operating loss of Rs.14.1 billion in 2016 compared to a loss of Rs.4.9 billion in 2015, the 2016 Central Bank annual report released this week showed.

IMF loan third tranche likely in June

The International Monetary Fund (IMF) is likely to release the US$ 168 million third tranche for Sri Lanka’s US$ 1.5 billion 3-year Extended Fund Facility (EFF) by mid-June, Finance Minister Ravi Karunanayake said.

GATF forum condemns absence of senior state officials

The absence of senior government officials at the Global Alliance for Trade Facilitation (GATF) forum here this week despite being invited, was frowned upon by the visiting heads of the international agency and the private sector, as their presence was paramount to shed clarity over the ongoing issues.

Rupee little changed; yields fall on hike in bond borrowing limit

REUTERS - The Sri Lankan rupee closed steady yestreday in dull trade, but local bond yields fell after the government approved a proposal to double the borrowing limit on Sri Lanka Development Bonds to US$3 billion this year, dealers said.

Shares hit near 7-mth closing high on foreign buying

REUTERS:  Sri Lankan shares closed at a near seven-month high in heavy trading yesterday as foreign buying for 25 sessions in a row took net inflows into equities to Rs.13.1 billion ($86.1 million) and  boosted sentiment.

HNB to raise Rs.15bn via rights issue

Sri Lanka’s second largest private lender, Hatton National Bank PLC (HNB), announced its plans yesterday to raise Rs.15 billion through a rights issue, subject to shareholder approval.

Per capita income falls marginally on dollar effect

Sri Lanka experienced a marginal year-on-year decline in its per capita gross domestic product (GDP) in US dollar terms at current market prices in 2016 in a year highlighted by continuous natural disasters and a weakening rupee.

FinMin says double digit foreign reserves by end of this year

Sri Lanka’s foreign reserves are expected to reach double digits by the end of this year through borrowings, investment inflows and fund repatriations, Finance Minister Ravi Karunanayake said yesterday.

Better sleep by design: World renowned Englander mattresses now in Sri Lanka.

‘Englander’, the world renowned mattress brand based in Chicago USA, made their debut at their new flagship store at the Arcade Independence Square in Colombo on the 26th April, 2017. As one of the 

Chicago-based ‘Englander’ mattress brand debuts in SL

Englander, the world-renowned mattress brand based in Chicago, USA, made its debut at the new flagship store at Arcade Independence Square in Colombo on April 26, 2017. 

Forestry emerges as a preferred choice of long-term investment

Many investors are actively reducing their exposure to equities and are seeking alternative assets to boost returns without dramatically altering their overall risk profile. Hence, commercial forestry is rapidly becoming a preferred choice of sustainable investment.

SLRA conducts retail development programme

The Sri Lanka Retailers’ Association (SLRA) will launch the first ever retail development programme in partnership with Sensei Lanka. 

CMA Students’ Conference to be held on May 4

The CMA Students’ Guild will host its Annual Conference on the theme ‘Transition from an Accountant to a Finance Business Partner’ on May 04th  at Sasakawa Auditorium Colombo 03.