AFP: Asian equity markets fell yesterday after a broad global rally, but the dollar strengthened against most other currencies as traders become increasingly confident the Federal Reserve will hike interest rates this month.

  REUTERS: The Sri Lankan rupee was slightly higher in dull trade yesterday as exporter dollar sales surpassed demand for the greenback by importers, dealers said.

Tokyo Cement announced partnering with The Music Project, a non-profit initiative dedicated to empowering and uplifting the lives of children through music.

Cargills Bank, the new entrant to the banking industry with its innovative products, reputed for being the bank ‘Banking on the human spirit’ conducted its first-ever Speech Craft Programme exclusively for its staff. 

Determined performances and decisive arguments across four hotly contested matchups helped Hatton National Bank (HNB) to clinch victory at the finals of The Bankers’ Debate 2016 held at Galadari Hotel recently.

Young Thisara Chandupa Dassanayaka, a Grade Nine student of Sivali Madya Maha Vidyala, Ratnapura was selected to participate in the 12th International Mathematics and Science Olympiad for Primary Schools held in Thailand in November 2015, after he se

Sri Lanka is currently facing its worst drought in four decades and it could well derail the country’s ambitious agenda for fiscal consolidation and squeeze the growth by at least a percentage point in 2017, warns Moody’s Investor’s

The proposal to refurbish and double the capacity of Sri Lanka’s only refinery in Sapugaskanda will draw in US$ 2 billion in financing, the country’s petroleum minister said this week.

The Norwegian Government Pension Fund Global has invested US $ 65 million in Sri Lankan stocks in 2016, compared to US $ 31 million in the previous year, a Royal Norwegian Embassy statement said.  “The increase in investments is mostly a r

REUTERS: Sri Lanka has approved reforms to make loss-making state firms more efficient and put them on a path towards autonomy, in line with International Monetary Fund (IMF) conditions for a US $1.5 billion loan, an official document showed.  

Despite the country’s Finance Minister Ravi Karunanayake charging that the Central Bank violated the law in past issuances of treasury bonds, the Central Bank yesterday in a statement stressed it has always complied with the relevant law when i

The Central Bank called on banks and investment houses to submit proposals for the appointment of lead managers/book runners for the US$ 1.5 billion international sovereign bond issue that will take place this year. Institutions that have acted as le

The Rotary Club of Colombo West (RI District 3220 Sri Lanka & Maldives) held the Rotary Club weekly members’ luncheon meeting at the Galadari Hotel recently.

Dairy sector is one of the important sectors of the national economy that has high potential for improving the livelihood and income levels of poorer segments in the society whilst fulfilling the nutritional requirements of the population. 

With a strong economic growth during the last decade and transforming from rural based agriculture industry driven economy to a service-driven more urbanized economy, Sri Lanka is looking to become a middle income country.  It’s been 7 yea

Ceylinco Insurance PLC, which runs Sri Lanka’s market-leading life insurance business based on gross written premiums (GWPs), recorded earnings of Rs.87.19 a share or Rs.2.3 billion for the December quarter (4Q16), up 38 percent year-on-year (Y

REUTERS: Sri Lanka’s consumer prices rose 6.8 percent in February from a year earlier, accelerating from the previous month’s 5.5 percent increase under a revised base year and market basket, data from the Census and Statistics Department

 President Maithripala Sirisena urged the financial sector and other stakeholders to work towards sustainable development in the country. 

Colombo Dockyards PLC (DOCK), a unit of Japan’s Onomichi Dockyard, managed to cut down its net losses to Rs.75.78 million from Rs.1.09 billion year-on-year (YoY) through lower sales costs for the quarter ended December 31, 2016 (4Q16), the inte

REUTERS: The Sri Lankan rupee ended firmer for a fourth straight session yesterday as greenback sales by exporters and banks outpaced importer dollar demand, dealers said.

REUTERS: Sri Lanka is seeking higher bids to restructure its state-owned loss-making airline, the finance minister said on Monday, after three short-listed firms failed to give “sizable” bids.

The Development Lotteries Board (DLB) recorded successful financial achievements in 2016 with a recorded 25 percent increase in sales revenue over the previous year and a pre-tax profit increase of over 20 percent, a DLB statement said. 

Canon Singapore Pte Ltd President and CEO Noriko Gunji arrived in Sri Lanka on invitation of Metropolitan Group, Canon’s local distributor for the past 38 years, to signify the importance placed by Canon on Sri Lanka, which is a fast-growing ma

The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, seeks public comments on the input data parameters and assumptions of the Least Cost Long-Term Generation Expansion Plan (LCLTGEP) 2018-2037 submitted by the Ceyl

An exclusive exhibition on complete workplace solutions, ‘Office 2017’ is scheduled to be held from the 29th, 30th September and 1stOctober at Sirimavo Bandaranaike Memorial Exhibition Center, Colombo. 

Ananda Sirisena & Company, a registered corporate secretaries and incorporator recently put Sri Lankan company secretaries on the global map by launching its first overseas office in New South Wales, Australia. 

A European Union (EU) and European Commission (EC) delegation met Development Strategies and International Trade Minister Malik Samarawickrama at his office recently. EU Delegation Ambassador Tung-Lai Margue, EU Trade and Communications Deputy Head P

Caterpillar, the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial turbines and diesel-electric locomotives has been recognized as one of the Top 50 global firms in Fortune’s Wor

The lack of protests and lawsuits against recently implemented loan-to-value (LTV) ratio for vehicle financing is surprising, since the policy is likely to cause major macroeconomic distortions, according to the head of Colombo-based research house a

REUTERS: Sri Lanka’s consumer prices rose 6.8 percent in February from a year earlier, accelerating from the previous month’s 5.5 percent increase under a revised base-year and market basket, data from the Department of Census and Statist