January trade deficit narrows 9.1%

REUTERS:  Sri Lanka’s January trade deficit narrowed 9.1 percent year-on-year, the Central Bank said yesterday.

Alibaba to buy controlling stake in Lazada for about US $ 1bn

REUTERS: Chinese e-commerce giant Alibaba Group Holding Ltd said yesterday it agreed to buy a controlling

Hameedia Kiribathgoda celebrates 1st anniversary

Sri Lanka’s leading menswear specialist, Hameedia, recently celebrated the first anniversary of its Kiribathgoda branch in the presence of the senior management and other dignitaries.  

Shell CEO says may sell some North Sea assets to improve portfolio

REUTERS: Royal Dutch Shell could sell some of its older, lower grade North Sea assets to improve the quality of its portfolio,

Share Transaction Levy to be reintroduced from April 15

The Colombo Stock Exchange (CSE) yesterday announced the reintroduction of Share Transaction Levy of 0.3 percent,

Samsung Electronics and Skills Development and Vocational Training Ministry offer specialised techni

Samsung Electronics Sri Lanka, following its partnership with the Vocational Training Authority and as part

US announces final $5.1 bn Goldman fine on mortgage bonds

AFP: Goldman Sachs will pay $5.1 billion in fines and consumer relief to resolve charges it misled investors

CB Governor says Lankan economy to have a soft landing

With the recent policy measures seen coming into effect through less money circulated in the economy 

Nolimit outshines competition at 2015 JASTECA 5S Awards

Sri Lanka’s leading fashion retail chain, Nolimit, won a slew of awards at the prestigious JASTECA 5S Awards held at Hotel Galadari recently. 

Overseas Realty to acquire Shing Kwan-owned WTC floors through share purchase

Instead of buying the two floors of the World Trade Centre Building as planned, Overseas Realty (Ceylon)

PC sales slump for sixth consecutive quarter

AFP: Sales of personal computers slid for the sixth consecutive quarter at the start of 2016, falling to levels

Netherlands aims to strengthen ties with ‘old friends’ using ‘new trends’

Attempting to strengthen ties with ‘old friends’ using ‘new trends’, top Netherlands envoy to Sri Lanka stated 

Coca-Cola adjudged SLIM-Nielsen ‘Youth Beverage Brand of the Year’ 2016

Brand Coca-Cola reinforced its market leader status yet again after being adjudged the SLIM-Nielsen ‘Youth 

Thailand sees tourism revenue rising 10 pct during Songkran festival

REUTERS:  Thailand expects tourism to generate revenues of 15 billion baht (US $ 428.08 million) during the

Drought could hit rice stocks at exporters, fuel price crisis: analyst

REUTERS: Crippling drought brought on by the El Nino weather pattern could cut rice stocks among the world

EU renews Iran rights sanctions

AFP: The European Union yesterday renewed sanctions against Iran over its human rights record, even as it relaxes damaging measures imposed on 

PM Ranil meets Huawei VP Yao Weimin in Beijing

Prime Minister Ranil Wickremesinghe met with Huawei Vice President Yao Weimin in Beijing during his recent visit to China.

Union Bank’s new brand positioning gains int’l recognition at Global Excellence Awards 2015

Union Bank received the award for Excellence in Branding in the Banking, Financial Services and Insurance

South Asia remains world’s fastest growing region: World Bank

Led by robust growth in India, South Asia shows resilience in the face of turbulent international markets

Can Asia break free of great-power dynamics?

Asia’s recent decades of economic growth have depended, among other things, on a remarkable period of regional peace and stability. 

BoI secures land for VW in Kuliyapitiya to assemble diesel vehicles

Sri Lanka’s apex investment promotion agency the Board of Investment (BoI) yesterday said they were

India’s Aavishkaar Frontier Fund and MA’s Foods conclude equity investment deal

Aavishkaar Frontier Fund, an India-based private equity fund, has successfully negotiated a capital infusion 

Economic reforms would be put forward in a way public could accept: FinMin

The much-awaited economic reforms would be introduced to the country at a rate that the public would

Hilton owning firm gets new board; Krishantha Cooray appointed as Chairman

The owning company of Hilton Hotel Colombo yesterday announced the appointment of new directors, with 

NFTH celebrates World Health Day with awareness on ‘Beating Diabetes’

Sri Lanka’s largest private hospital Dr. Neville Fernando Teaching Hospital (NFTH) organized a free Diabetic

Gold strikes highest in almost three week, boosted by rate outlook

REUTERS: Gold prices shot to their highest in almost three weeks yesterday, setting the market on a steady

NDB shines at Global Brand Excellence Awards

National Development Bank PLC (NDB) reaffirmed its brand identity by winning the award for Brand Excellence

AIPL commemorates World Health Day with advocacy for better healthcare

Analytical Instruments (Pvt) Ltd, a pioneering in-vitro diagnostic and medical equipment supplier in the country

Balasooriya Private Hospital receives top regional award

Balasooriya Private Hospital situated in Puttalam received the ‘Best Private Hospital in North Western Province’

Sri Lankan economy poised to grow 5.3% this year: World Bank

Sri Lanka’s gross domestic product (GDP) is projected to grow by 5.3 percent until end-2018, compared