The government’s budget deficit for the first four months of 2017 edged down 0.1 percent to Rs.233.17 billion compared to the same period in 2016, falling short of expectations for the period, Treasury data indicated.

Dialog Axiata recently announced the commissioning of Sri Lanka’s first tier III certified data centre and media hub. 

Sri Lanka’s structural tax collection system had become more efficient in 2016 than was evident at first glance, once the super gains tax and other one-off taxes levied in 2015 are discounted, the World Bank said.

Agalawatte Plantations PLC (AGAL) had continued its sub-standard accounting practices in 2015, the firm’s auditors said in the audited financial statements for the year, after earlier this year stating the same had happened during 2014.

Conveying a worrying message to the authorities, the most recent external sector data available up to April showed that a swift action was required to arrest the ballooning trade deficit as the recent uptick in exports has been offset by the racing i

The Japanese government through Japan International Cooperation Agency (JICA) will provide a Rs.60 billion concessional loan to Sri Lanka for rural infrastructure development and water supply projects. 

Global shipping giant A. P. Moller-Maersk (Maersk), which is also the market leader in Sri Lanka, appears to have dealt with the recent mass cyber-attack smoothly in Colombo, shipping industry sources said.

Revolutionizing the local auction industry, auctioneers Schokman and Samerawickreme will be introducing Sri Lanka’s first online auction portal which is billed to go live by  next month.

The CA Students Society of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently won the Next Gen Challenge powered by ACCA and TV1. 

Foreign Affairs Minister Ravi Karunanayake received Master Project Manager certification from Colorado, USA-based American Academy of Project Management honouring his continuous efforts on economic and trade reforms at a function held at Hilton-Colom

DSI recently announced the re-launch of their loyalty programme with Star Points. The objective of the programme being to offer customers a one-of-a-kind lifestyle ‘loyalty’ experience. 

Saitex is considered as Africa’s largest international products sourcing exhibition that is held annually.  Sri Lanka Tea Board, Fresh Tea Pvt Ltd and Spa Ceylon Luxury Ayurveda from Sri Lanka participated at this year’s exhibition.

The Annual Export Awards of the National Chamber of Exporters of Sri Lanka (NCE), which is the most awaited business event related to exports and which is of national significance is scheduled to be held on 29 September at the Hilton Colombo. 

German Ambassador Joern Rhode, will be the guest speaker at a session on ‘Bilateral Trade between Sri Lanka and Germany’ organized by the National Chamber of Commerce of Sri Lanka on  July 20th. 

Commercial Credit continues to empower the ‘Future Minds 2017’ exhibition organised by the Nalanda College Junior Old Boys Association for the 12th consecutive year.  

A simple yet effective platform, for those interested in expert advice that would improve their company’s financial outlook. The website provides an easy-to-understand view of the services provided by KSI, incorporating information one needs to

Uber started in 2010 to solve a simple problem: how do you get a ride at the push of a button? In late 2015, Uber hit a big milestone: one billion trips. Six months later, it crossed two billion. Just a few weeks ago, 156 trips started simultaneously

DHL Express, the world’s leading international express services provider, today introduced a new cashless payment service in collaboration with Hatton National Bank (HNB). Powered by HNB’s state-of-the-art cash management solutions, this

Swarna Samanala Group, has introduced a new type of high energy efficient hybrid solar thermal air conditioner to Sri Lanka. A spokesman of this company stated that as there are no sensitive electronic circuits in this air conditioner, the damages ca

Aconcessionary loan agreement for JPY 12,957 million (approx. Rs. 17.5 billion) was signed between the Government of Sri Lanka and Japan International Cooperation Agency (JICA) for rehabilitation of essential rural economic infrastructure in North Ce

Sri Lanka has picked three countries to supply 200,000 MT rice immediately to meet the shortfall in its domestic market.

REUTERS: The Sri Lankan rupee fell slightly yesterday as demand for dollars from importers surpassed selling of the U.S. currency by exporters and banks, while expectations that imports would increase weighed on the local currency.

Thailand Week, a trade exhibition organized by the Department of International Trade Promotion of Thailand, opened yesterday

AFP:   Asian markets mostly headed into the weekend on a negative note yesterday, following a sell-off on Wall Street, US jobs data coming in below par and a dive in oil prices fuelling losses across the energy sector.

AFP: Japanese e-commerce giant Rakuten has banned the sales of ivory products on its site, the company said yesterday in a move hailed by conservation activists as a boost to international efforts to stem smuggling.

Enchanteur, a range of fine quality French-inspired fragrances and fragrance enhanced toiletries for young, romantic and elegant modern women from Wipro UNZA, rewarded its Nolimit  shoppers recently.

Naveen Ceramics launched its latest range of tile products, ‘Italy Rock’ under Nanogress Porcellanato. 

CIMA Mind Challenge Pro 2017, the revamped version of the long-standing quiz competition known as the Mind Challenge, was held successfully recently at the Sri Lanka Foundation premises.   

REUTERS: U.S. authorities have tried to seize millions of dollars associated with several companies that deal with North Korea, including the country’s military, from eight large international banks, according to court filings made public 

Osethma Ayurveda Hospital, the renowned and famed name in the Ayurveda medical field in Sri Lanka, has introduced Osethma Seevana, a herbal shampoo to sustain healthy hair, to the Sri Lankan market.