Tourism Ministry calls for immediate revamping of Tourist Police

The Tourism Development Ministry is concerned by the recent media reports on the exploitation and harassment of foreign tourists. This is in a backdrop where the ministry has also been receiving an increasing number of direct complaints from tour i s t s . Considering the emerging trend, the ministry has c

Asela Iddawela awarded Global CSR Excellence Award

A s e l a I d d a w e l a , Chairman of Sri Lanka Land Reclamation and Development Corporation was awarded with Global CSR Excellence and Leadership Award, at World CSR Congress held in Mumbai recently

Blue Mountain Apartments launches latest project in Dehiwala

Blue Mountain Apartments, part of the Blue Mountain Group of Companies has launched its latest apartment project in Dehiwala.

Elasto Group donates TT Mackintosh to National Maternity Hospital

The Elasto Group, best known for innovation has taken its stride forward this time for another superior product portfolio. Elasto Group through its main export arm, Textr ip (Pvt) Ltd, made a donation 

Signature Living brings contemporary vertical living out of the box

  Zamlank Developers Pvt Ltd through its brand ‘Signature Living’ is bringing personalised luxury to Sri Lanka with the unveiling of two development sites in Nawala. Situated in the rapidly growing hub of the Rajagiriya-Koswatte precinct

Union Bank records impressive growth in 2015

subsidiaries concluded the year 2015 with a notable business performance; reflected by a 226 percent increase in post-tax profit that signals the strong growth momentum mobilised within the year.

GSF becomes Summit Finance

George Steuart Finance PLC (GSF), a unit of Sarvodaya Development Finance Limited has changed its name to Summit Finance PLC, the company informed the Colombo bourse yesterday. The company obtained

Boyagoda appointed as Colombo Trust Finance Chairman

Senior professional Mangala Boyagoda has been appointed as Chairman of Colombo Trust Finance PLC, a company formerly known as Capital Alliance Finance PLC, controlled by the Cargills group. Boyagoda is a senior banker, possessing over 30 years of experience in the field of financial services. 

DFCC posts healthy balance sheet growth

2015 was a year o f transformation for DFCC following the amalgamation with DFCC Vardhana Bank and the change in the financial yearend to December 31 from March 31. The performance reported is for nine months 

ComBank ends 2015 with solid bottom line growth

Commercial Bank of Ceylon PLC has recorded a profit before tax of Rs.17.144 billion for the 12 months ended December 31, 2015, a year in which it strengthened its positions in Sri Lanka and Bangladesh

Nation Lanka Finance announces rights issue to raise Rs.502mn

Nation Lanka Finance (NLF) has announced a rights issue to raise Rs.502 million to support the company’s core capital requirement and ensure its compliance with regulations that have been stipulated

Yahoo shareholder urges company to move quickly with auction-letter

REUTERS: Yahoo Inc. shareholder Canyon Capital urged the company to proceed quickly with the auction of its core business, citing concern that the Internet giant’s management team does not share the sense

Apple’s fight with U.S. could speed development of government-proof devices

REUTERS: The legal showdown between Apple Inc and U.S. law enforcement over encryption, no matter the outcome, will likely accelerate tech company efforts to engineer safeguards against government intrusion,

Singapore Exchange goes live with Millennium PostTrade

MillenniumIT, London Stock Exchange Group’s proprietary technology business, announced that it has successfully implemented its Millennium PostTrade platform to support SGX’s Central Depository Pte. Limited’s (CDP) business.

Microsoft pledges support to foster local OEM partners

Mi c r o soft r e i t e r a t e d i t s commitment and support towards Sri Lankan device manufacturers when Istavan Papp, Vice President of Microsoft Asia Pacific recently met with EWIS together with Indika De Zoysa, 

Virtusa named major contender for digital services

Virtusa Corporation, a global business consult ing and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, has been named 

Mega education and career expo to be held in Maldives

The Maldives International Education and Career Expo will be held for three consecutive days from April 21 to 23, 2016 in Male. 

Iran shows optimism about crude oil concessions to SL

Iran government has responded positively to supply crude oil to Sri Lanka at concessional prices, a Sri Lankan Finance Ministry statement yesterday said.

S’pore High Commissioner imparts knowledge on investment best practices

The Board of Investment of Sri Lanka (BoI) conducted an interactive discussion where the chief guest was High Commissioner of Singapore to Sri Lanka Chandra Das. The High Commissioner shared his

Sarada de Silva invited to address World Spice Conference 2016

National Chamber of Exporters of Sri Lanka (NCE) President Sarada de Silva is invited to attend World Spice Conference 2016 and make a presentation on ‘Spice Industry – Sri Lanka Perspective’. Since its inception in 

Over 100 foreign investors to attend CCC ‘Sri Lanka Investment Business Conclave’

The upcoming ‘Sri Lanka Investment and Business Conclave’ organised by the Ceylon Chamber of Commerce (CCC) has attracted 100 plus overseas investors with the largest group expected to come from Kuwait,

LOLC group attracts US $ 247 foreign funding through ADB, FMO

The LOLC group has attracted US $ 247 million in funding for three of its subsidiaries through the largest ever syndicated loan for the Sri Lankan non-banking financial sector so far. “This is the largest facility 

Post-sanction Iran aims to boost bilateral relations with ‘friendly’ Sri Lanka

In a bid to boost trading activities following the removal of sanctions, Iran yesterday stressed its willingness to enhance bilateral relations with “friendly” Sri Lanka. Calling for increased efforts between the two countries

Shares end lower as investors shun risky assets

REUTERS: Sri Lankan shares edged down for a second straight session yesterday, hovering near a 22-month low, as investors preferred low-risk assets in line with global peers and as an interest rate hike last week 

Malaysia and S’pore to offer insight into restructuring SoEs

The Sri Lankan government will be entering into discussions with two of the world’s largest sovereign funds over the next two weeks to strategize the restructuring of the ailing stateowned enterprises (SoEs). 

Govt. to enter 2-month economic restructuring phase: FinMin

The government will be entering a restructuring phase over the next two months to bring in the exchange management legislation and a facility from the International Monetary Fund (IMF), the country’s Finance Minister said. 

Fonterra opens demo farm, training centre

New Zealand Prime Minister John Key, who is currently visiting Sri Lanka, is being given an explanation about the activities of the first-ever Fonterra Demonstration

ETIHAD AIRWAYS ANNOUNCES GLOBAL SALE IN SRI LANKA

Colombo, SRI LANKA – Etihad Airways, the national airline of the United Arab Emirates, is offering travellers from Sri Lanka fantastic savings in its latest Global Sale.

Nation Lanka Finance announces Rights Issue to raise Rs. 502 million

Nation Lanka Finance (NLF) has announced a Rights Issue to raiseRs. 502 million to support the company’score capital requirement and ensureits compliance withregulationsthat have been stipulated by the Central Bank of Sri Lanka.  

Nobel Laureateto lead Sustainability Dialogue at Kadirgamar Institute

A Dialogue on Sustainable Development, led by the internationally renowned economist and Nobel Laureate, Sir James Mirrlees,will be held at the Auditorium of the Lakshman Kadirgamar Institute on Thursday, 25thFebruary 2016.