SHRI President says leadership planning key to country’s success

Sharing Singapore’s growth experience at the IPM National HR Conference 2016 held in Colombo recently, Singapore Human Resource Institute (SHRI) President Erman Tan said that the key factor 

HSBC partners with GoSL for first sovereign bond, dual-tranche issuance for 2016

The Central Bank of Sri Lanka (CBSL), on behalf of the Democratic Socialist Republic of Sri Lanka, successfully launched and raised US $ 1.5 billion in a dual-tranche five and 10-year bond. The size of 

Singer revitalizes Home Science education nationally

Singer Sri Lanka PLC, the country’s most trusted consumer durables retailer, has successfully commenced the second phase of “Singer Soopa Shasthra” programme jointly with the Ministry of 

CEAT hosts export customers from three countries to Sri Lanka

CEAT Sri Lanka, a joint venture between CEAT Limited of India and Kelani Tyres PLC, recently hosted a group of export customers from three key overseas markets on a five-day visit to Sri Lanka.  

BoardPAC at 17th ACRU Conference in Hong Kong

BoardPAC, the Sri Lanka-developed world-leading mobile portal that facilitates paper-less decision 

Sri Lanka Retailers’ association develops industry strategy forward

Sri Lanka Retailers’ Association (SLRA) was recently incorporated as a company limited by guarantee .....

Pan Asia Bank to reward Year-5 scholarship exam top performers

Pan Asia Bank, which introduced a scholarship programme three years ago to recognize top performers at Year Five scholarship examination, recently enhanced that scheme in a bid to further encourage students to excel at this all-important examination.

VAT, NBT suspension only till parliament approval: Ravi K

??By Lahiru Pothmulla While respecting yesterday’s Supreme Court order given preventing the implementation 

Sri Lanka’s two-tranche bond orders top US $ 4.5bn; yields lower: source

REUTERS: Sri Lanka’s first dual-tranche sovereign bond orders exceeded US $ 4.5 billion while the final guidance for both tranches fell at least 25 basis points from the initial guidance, a source close 

India’s biggest gas importer plans setting up terminals in Sri Lanka, B’desh

REUTERS: India’s biggest gas importer Petronet LNG aims to spend up to US $ 3 billion in the next five years to expand overseas, setting up terminals in Bangladesh and Sri Lanka among other 

Rupee trades weaker ahead of sovereign bond sale

REUTERS:REUTERS: The Sri Lankan rupee ended weaker yesterday as importers and banks bought dollars,  The Sri Lankan rupee ended weaker yesterday as importers and banks bought dollars, 

Brexit could raise fresh concerns over SL’s balance of payment: Moody’s

Close on the heels of Sri Lanka securing an International Monetary Fund (IMF) lifeline to avert a looming balance of payment (BoP) crisis, one of the top three global rating agencies yesterday 

Tourism authorities to regulate beach boys

??By Chandeepa Wettasinghe Sri Lanka Tourism authorities will be moving towards the regulation of 

Mackwoods battle hots up amid confusing statements from two opposing camps

By Shabiya Ali Ahlam An ugly battle is currently being waged between two estranged factions of the Nonis family 

VAT or no VAT?

A vendor sells toys and balls on the Galle Face promenade in the centre of Colombo. Sri L anka’s Supreme Court

Seylan Bank’s debentures over-subscribed on opening day

Seylan Bank’s 3 billion debenture issue was opened on 5th July 2016 and was successfully closed with an overwhelming response on the opening day itself, indicating strong investor confidence. 

SDB organizes Lakdaru scholarship seminars island wide

SANASA Development Bank has organized an island wide Lakdaru Scholarship Seminar Series for grade 5 students. 

Harsha to address Brexit briefing forum

Foreign Affairs Deputy Minister Dr. Harsha De Silva will be the keynote speaker at a Brexit briefing forum on Friday, July 15, 2016. The luncheon forum will be joined by the High Commissioner to Britain with other industry personalities to discuss the probable consequences when Britain leaves the EU. The event is organised by Shippers’ Academy Colombo with strategic support by the Council for Business with Britain. 

DG Commerce elaborates on FTAs at COYLE meeting

“It is important to remember that free trade agreements (FTAs) have become vital especially, for small countries like Sri Lanka, which have opened up their economies, which may not be that successful in facing up to the high competition in the global market,” stated Commerce Department Director General Sonali Wijeratne at the Chamber of Young Lankan Entrepreneurs (COYLE)  General Meeting.

“Waves” gather many volunteers to clean-up Mount Lavinia beach

Sri Lanka’s revolutionary flip-flop brand “Waves” brought together their employees and volunteers from all walks of life to stage a pioneering corporate social responsibility on Mount beach on 19th June.  The beach clean-up was held to commemorate “World Flip Flop Day” which falls on the third Friday of June every year. Waves” initiated the annual “World Flip Flop Day” celebrations in Sri Lanka

Sri Lanka Insurance ‘Sales Stars’ felicitated

The Sri Lanka Insurance Corporation (SLIC) recorded a growth of 20 per cent during 2015 and hopes to continue and improve on this performance during 2016, said SLIC Chairman Hemaka Amarasuriya at Star Awards 2016 held at the BMICH to honour the top achievers among the SLIC sales team.  Resurrecting and expanding the branch network is one step taken in this direction, he said. 

IWMI-WB convene South Asian climate adaptation, water resources management experts

Following the Paris COP 21 meeting, where water management was prominent in discussions on responding to climate change, a two-day meeting of experts from seven South Asian countries – Afghanistan, Bangladesh, Bhutan, India, Nepal, Pakistan and Sri Lanka – and the international 

Sampath Bank’s “Pahe Sishyathwa” seminar receives enthusiastic response

The third seminar of Sampath Bank’s “Pahe Sishyathwa” programme was held on 18th June at the Kakirawa Adharsha Prathamika Viduhala, Kakirawa. 

HNB setting new benchmark in Private banking: S. Nandakumar

Hatton National Bank (HNB) PLC is seeking to set a new benchmark in terms of customer convenience in the country’s high net worth domain.

The island and the mainland: Impact of fisheries on Indo-Lanka relations

The Indian subcontinent is surrounded from the North by the central Asian steppe and the Persian Afghan plateau is a challenging landscape from the ancient history. 

Singer donates 3 more dialysis machines under ‘Thirst for Life’ project

Singer Sri Lanka, the country’s leading consumer durable retailer, donated three CRRT (Continuous Renal Replacement Therapy) machines worth over Rs. 7.5 million under the Singer “Thirst for Life” health and wellness sustainability project, making the total number of machines donated to six units,    in helping those affected by CKD (Chronic Kidney Disease). 

NDB Wealth picks winner of online competition

Retired Commissioned Officer (Katunayake International Airport) and mother of two Prasanthika Gayani De Mel, from Homagama, hasbeen selected as the winner of the NDB Wealth “Share Your Savings Stories and Win!” online competition. 

ComBank ATM network first in Sri Lanka to be secure with EMV capability

The Commercial Bank of Ceylon has announced that it has completed the upgrade of its automated teller machine (ATM) network in Sri Lanka to EMV Chip capability, significantly enhancing security against fraud by conforming to the EMV standards of the various card brands that are accepted by the Bank’s ATMs.     

BOI signs US $ 982mn worth investments in June

In the month of June 2016, the Board of Investment (BOI) of Sri Lanka has signed 46 new investment agreements of a total value of US $ 982 million estimated investment, the state-run agency said.   These projects cover a wide range of sectors such as manufacturing, construction, mixed development, hotel, mini hydropower, trading house, solar power, apparel, research and development and education. 

Operation successful, patient dead! Dilemma of Colombo stock market

The performance of the Colombo Stock Exchange (CSE) has become a debatable subject matter in society. The upward trajectory of nearly 11 percent recorded during the months of March and April has gradually declined. The average daily market turnover that was recorded as Rs.1,059 million last year has reduced to Rs.747 million in 2016. The heavy price of the depressed market is felt severely by investors and stockbroker firms. Hence, it is timely t