I’M AN OBSTACLE TO EVERYTHING AGAINST LAW: SLT CHAIRMAN

I can confidently say that we have done exceptionally well in the first quarter of this year (1Q16). We have

Fiscal reforms tied with IMF funding hard to achieve: Fitch

Although the US $ 1.5 billion 3-year International Monetary Fund (IMF) programme could ease Sri Lanka’s

Fiscal reforms tied with IMF funding hard to achieve: Fitch

Although the US $ 1.5 billion 3-year International Monetary Fund (IMF) programme could ease Sri Lanka’s

Laugfs’ Dubai trading arm acquires 31% of firm’s B’desh operations

The recently set up trading unit of Laugfs Gas PLC, the only private sector LP gas distributor in the country,

Rupee up on IMF loan, bond issue boost

REUTERS: The Sri Lankan rupee edged higher yesterday as a loan agreement with the International Monetary

Better late than never!

Kelsey Home Developments PLC, a Schaffter family company yesterday disclosed to the Colombo bourse

PABC March net profit up 72% to Rs.304mn

Pan Asia Banking Corporation PLC (PABC) increased its net profit for the quarter ended March 31, 2016

Nayana Mawilmada joins Megapolis

Former Urban Development Authority Director General Nayana Mawilmada has joined the Western Region Megapolis

Lubricant industry to pass tax increase impact to customers

??By Chandeepa Wettasinghe The lubricants industry will be completely passing on the effects of the value added tax

Hameedia Wins Group & Individual Retail Leadership Awards at Golden Globe Tiger Summitat Malaysia

Leading mens wear fashion retailer, Hameedia, shone in the spotlight at the Global Golden Tiger Awards heldinKuala Lumpur, Malaysia. At the prestigious summit

Acceleration of Megapolis development requires private sector involvement: Project Head

As Sri Lanka is on the lookout for ways and means to fast track its development, a senior official of the Western Megapolis Planning Project stressed the involvement of the private...

Midea acquires Toshiba home appliance business

Midea, one of world’s largest manufacturers of home appliances announced a majority acquisition of the home appliances business of Toshiba Corporation of Japan.  

Sri Lanka should implement several policies to position as regional hub: WB report

A recent World Bank report revealed that Sri Lanka’s apparel prices are higher than its competitors in all major product categories, driven at least partly by relatively high and rising labour costs.  

Judhajit Sen takes over as CEO and MD of LIC Lanka

Judhajit Sen has taken over as CEO and MD of LIC (Lanka) Ltd with effect from May 2, 2016. 

Sri Lanka’s delicate balancing act

Sri Laka’s former pro-Chinese ‘strongman’ President Mahinda Rajapaksa was voted out of office in January 2015.

ComBank signs agreement with Bank Muscat Oman for instant money transfers

Commercial Bank of Ceylon recently formalised its tie-up with Bank Muscat Oman to facilitate remittances to Sri Lanka via the latter’s new feature...

Czech Republic opens Honorary Consulate in Colombo

To further strengthen the friendship between the two nation’s Czech Republic and Sri Lanka, the Honorary Consulate of the Czech Republic was declared open at Park Street, Colombo- 2...

Speed Water marks 13 years in business

Speed Water Systems, a leading Sri Lankan company which produces purified bottled drinking water under the company’s inspiring slogan...

Sampath Bank launches Export Bonanza with attractive export concessions

Reiterating its commitment towards uplifting the economy of Sri Lanka and placing significant importance on the international trade industry

Railway electrification: Why hesitate?

Ask any audience to raise their hands, if they support the renewed thrust for railways in Sri Lanka to be electrified and modernized; all of them are most likely to raise both their hands.

Sri Lanka’s first General Insurance Sales Congress on May 10

For the first time in history, Sri Lanka will see a gathering of its general insurance companies under one roof and in a common forum. 

New Joint Action Plan will further strengthen trade and investment ties: US envoy

Expressing confidence in economic ties between the US and Sri Lanka reaching greater potential, a top US Trade Representative affirmed the newly announced Joint Action...

New Joint Action Plan will further strengthen trade and investment ties: US envoy

Expressing confidence in economic ties between the US and Sri Lanka reaching greater potential, a top US Trade Representative affirmed the newly announced Joint Action...

NDB Mobile App wins ‘Most Admired Mobile App’ at ACEF Awards

National Development Bank PLC (NDB) was felicitated for its recently introduced NDB Mobile App as the ‘Most Admired Mobile App’ 

Venture Engine finale to feature 500 Startups fund, high profile VCs

Sri Lanka’s pioneering entrepreneur empowerment platform Venture Engine will once more welcome the participation of top global startup accelerator 500 Startups...

Why Sri Lanka’s economic outlook is looking less rosy

CNBC: Sri Lanka’s deal with the International Monetary Fund (IMF) may have averted a crisis, but the bailout may undermine a key source of strength: 

NTB announces new appointments to management team

Nations Trust Bank (NTB), whose agility and dynamism is a reflection of its people, recently announced the appointment of a number of new members to its top team.

Derivative action against IFS by Informatics dismissed

The Commercial High Court of Sri Lanka, dismissed a derivative action instituted by Informatics International Lanka (Pvt) Ltd (Petitioner) against IFS AB

Phoenix Ogilvy wins big at SLIM Effie Awards 2015

Phoenix Ogilvy displayed a scintillating performance by clinching 2 Silver, 2 Bronze and 2 Finalist, winning 6 awards in total at the recently concluded SLIM Effie Awards 2015 at the Water’s Edge. 

Nihon Kohden gears for another successful financial year

Ever since Nihon Kohden appointed TMI Solutions as their representative in Sri Lanka, Nihon Kohden was able to regain ..