China-backed bank says more than 30 countries await membership

REUTERS:  More than 30 countries are waiting to join the China-backed Asian Infrastructure Investment Bank (AIIB), adding to its 57 founding members, its president said on Friday. The AIIB

U.S. 4Q GDP growth raised to 1.4%; profits tumble

REUTERS: U.S. economic growth slowed in the fourth quarter, but not as sharply as previously estimated, with fairly strong consumer spending offsetting the drag from efforts by businesses to reduce an inventory overhang.

Blue Mountain crowned ‘Most Promising Brand in Asia 2016’

Blue Mountain was awarded the ‘Most Promising Brand in Asia 2016’ - Real Estate Category, at the 3rd Asia Brands and Leadership Summit held in Bangkok recently. 

NCC treasury management seminar on April 5

The National Chamber of Commerce (NCC), in association with JB Financial, will hold a seminar on ‘Insight Into 

Bankrupt Strauss-Kahn investment firm faces fraud probe

AFP - A bankrupt Luxembourg investment firm once chaired by disgraced former IMF chief Dominique Strauss-Kahn will be investigated for fraud, a French judicial source said Thursday. French

Clogard marks World Oral Health Day with cavity eradication campaign

As the No. 1 Sri Lankan Cavity Protector, Clogard has continuously been instrumental in creating nationwide oral health awareness to fight cavities. Manufactured by Hemas Marketing (Pvt.) Ltd, the company’s

Labour reform sparks violent student protests in France

AFP - Tens of thousands of students protesting labour reforms took to the streets across France on Thursday

Schneider Electric shares knowledge on modern ‘smart distribution networks’ with CEB

Supporting the Ceylon Electricity Board (CEB) in its efforts to upgrade and modernize the country’s electricity 

EFC launches Employers National Network of Youth Initiatives

University graduates are now presented with the opportunity of having a taste of the ever evolving work

Kandy Fashion launches new Uptown showroom today

“We felt there was a void in the market for active, busy, working individuals who want to put together without having to put a lot of effort into it while staying modest and ageappropriate. These styles are reflective of the fun new fashions that can’t be found always in most of the department stores in Colombo.

First round of MTI’s ‘idea2fund’ presentations begins today

‘idea2fund’, the enabling platform powered by MTI Corporate Finance for Sri Lanka’s Future Entrepreneurs will start its first round of concept presentations today. The presentations will take place today

Sprite launches ‘Cool Cash’ under crown promo

Sprite, the second largest sparkling beverage brand in The Coca-Cola Company’s portfolio recently launched its exciting

Germanwings probe wrestles with doctor -patient confidentiality

AFP - A year after the Germanwings plane crash caused by a suicidal co-pilot a year ago, French investigators are still wrestling with a complex manslaughter probe involving interested parties from some 20

United Trading brings ICC WT20 India 2016 merchandise for Lankan fans

The International Cricket Counci l ’s (ICC) off icial merchandise licensee in Sri Lanka, United Trading Company (Pvt.)

Oil slick stains Taiwan coast after cargo ship runs aground

AFP - An oil slick from a stricken cargo ship off Taiwan’s north coast could cause “massive” devastation to the area’s sea life, environmentalists said yesterday, as clean-up workers scrambled to contain the leak

DIMO powers Moratuwa University students at Formula Student 2016

Diesel and Motor Engineering PLC (DIMO), one of the leading automobile companies in Sri Lanka, will be supporting the engineering students from the Mechanical Engineering Department of the University

Canada allows French beef imports to continue after mad cow case

AFP - Canada will refrain from banning French beef imports even though a case of mad cow disease was confirmed at a farm in the European country, Ottawa said Thursday. The decision came after the French

Next session of ‘Ease of Doing Business’ on March 30

The seventh stage of the ‘Ease of Doing Business’ series will be held under the aegis of Minister of Finance

New Zealand PM at Horton Debates

New Zealand Prime Minister John Phillip Key addressed the Horton Debates during his recent visit to Sri Lanka. 

Velvet’s ‘LiyakaMahima’ islandwide initiative concludes successfully

Velvet, Sri Lanka’s number one beauty soap brand recently launched an islandwide initiative on the International 

Ceylon Chamber signs MOU with Zurich-based Swiss-Asian Chamber

The Ceylon Chamber of Commerce and Zurich based Swiss- Asian Chamber of Commerce signed an MOU recently in a bid to promote trade and investments between Sri Lanka and Switzerland. The signing

MoneyGram Bowling Challenge winner flies to India for ICC World T20 2016

MoneyGram, an official sponsor for the ICC World T20 2016, recently concluded the ‘MoneyGram Bowling Challenge’ at the Galle International Cricket Ground. In a bid to find the fastest bowler in the country,

US senators see security risk in China’s takeover of Syngenta

AFP - Top US legislators called Thursday for a national security assessment of a Chinese state company’s

Credit Suisse to pay $29 mn in U.S. regulator’s mortgage case

REUTERS: Credit Suisse Group AG has agreed to pay more than $29 million to resolve a U.S. regulator’s claims that it sold toxic mortgage-backed securities to credit unions that later failed, according

Myanmar launches first shares on fledgling bourse

A F P - Myanmar launched its first stock exchange with just one listed company yesterday, with hopes the move could aid the country’s economic rise as it emerges from decades of isolationist military 

Blue Mountain crowned ‘Most Promising Brand in Asia 2016’ at 3rd Asia Brands and Leadership Summit

Blue Mountain was awarded the ‘Most Promising Brand in Asia 2016’ - Real Estate Category, at the 3rd Asia Brands and Leadership Summit held in Bangkok recently. The leading real estate company was the only Sri Lankan corporate entity to be awarded at the high profile ceremony,

Sunshine-Watawala group enters dairy business with US $ 11.5mn investment

Diversified conglomerate Sunshine Holdings PLC’s subs idiary Watawala Plantations PLC yesterday entered into a joint venture with Singapore-based asset manager Duxton Asset Management to set up a US$ 11.5

Oil prices and the global economy: It’s complicated

Oil prices have been persistently low for well over a year and a half now, but as the April 2016 World Economic Outlook will document, the widely anticipated “shot in the arm” for the global economy has yet to materialize. We argue that, paradoxically, global benefits from low prices will likely appear only after prices have recovered somewhat, and advanced economies have made more progress surmounting the current low interest rate en

Nestle launches Sri Lanka’s first smart cool beverage solution

Nestlé Professional, Nestlé’s ‘Out-of-Home’ food and beverage solutions provider, recently launched Sri Lanka’s first ever proprietary cool beverage dispenser made with advanced smart technology ,NESTLÉ COOLPRO. 

Alpha to add colour to festival season with “Scratch & Save” promotion

Alpha Industries, one of the leading furniture manufacturers in Sri Lanka, launched a unique “Scratch & Save” Avurudu promotion that is available for home and office furniture and safes displayed at their showrooms.