Finance Minister Ravi Karunanayake will be the chief guest on the occasion of the celebration to mark the 50 years of Sri Lanka’s partnership with the Asian Development Bank (ADB).

The London and Home Counties (LHC) region of the Club Managers Association of Europe (CMAE) retained MTI Consulting, whose Senior International HR Consultant Darshan Singh was in London this week for this initiative. 

The Korea Programme on International Agriculture (KOPIA) Sri Lanka Centre donated 25 drip irrigation system units, 40 power spreading machines and 1,000 plastic containers to transport onion mother-bulbs for vernalization to a total of 40 Sri Lankan

Sri Lanka’s external trade deficit widened by 32.9 percent year-on-year (YoY) to US$ 1.05 billion last October, as a 2-month export growth spurt slowed down, while importation of equipment for the Colombo Port City project boosted imports.

Industry and Commerce Minister Rishad Bathiudeen checking out some items on display at the 9th Footwear and Leather Fair 2017 at BMICH yesterday.  Pic by Kithsiri de Mel

AFP- Asian traders moved cautiously yesterday, at the end of a volatile week and following another tepid lead from Wall Street while focus shifts to the release later in the day of US jobs figures. Markets have struggled to find stability over the pa

AFP - Demand for gold rose in 2016 to a three-year high, aided by keen investment appetite for the precious metal, the World Gold Council said yesterday in a report.

REUTERS: The Sri Lankan rupee fell yesterday due to dollar demand from importers and banks as foreign investors continued to sell government securities, dealers said.

REUTERS: Hyundai Motor Company plans to set up a car assembly plant in Pakistan in a joint venture with Pakistani textile giant Nishat Mills, a Nishat Mills official said yesterday. 

AFP - Japan’s public pension fund on Thursday denied a report it will invest in US infrastructure as part of Prime Minister Shinzo Abe’s expected offer to President Donald Trump to help boost US employment.

REUTERS: Sri Lankan shares fell to a 10-month low yesterday, dragged down by banking and beverage stocks, 

The Chartered Institute of Marketing, Sri Lanka participated at the EDEX Expo exhibition, Sri Lanka’s largest education and job fair held at the BMICH Colombo from 20th to 22ndJanuary. 

The Indian High Commissioner in Sri Lanka this week had said hopes Sri Lanka and India to sign the proposed trade pact without further delay, in order to strengthen bilateral ties between the two countries, a Finance Ministry communiqué said.

The National Chamber of Exporters of Sri Lanka (NCE) which is the only private sector Chamber exclusively serving Sri Lankan exporters launched the revised application of the 25th anniversary annual export awards ceremony,

The final details of the agreement to sell the Hambantota Port shares to Chinese State-owned enterprise China Merchant Port Holdings (CMPH) will be finalized this week and the de

Chevron Lubricants Lanka PLC (Chevron), the local unit of the American multinational, saw its bottom line narrowing during the December quarter amid flat revenue but closed the financial year in a positive note, the interim financial showed.  

AFP - President Donald Trump’s executive order blocking immigrants from seven majority Muslim nations will hit tourism to the US, the UN’s World Tourism Organization warned  this week.

The market leader in processed foods, Keells Food Products PLC (KFP), reported earnings of Rs.3.03 per share or Rs.77.1 million, down 21 percent from a year ago as the revenues fell during the festive December quarter, where strong sales are generall

A senior Finance Ministry official said yesterday a new Inland Revenue Act may come into force from April 1, 2017, but hinted a possible delay is likely, should the piece of legislation be challenged in parliament.

The independence of the country’s Central Bank is likely to be tested in 2017, a development that could undermine the macroeconomic gains made in 2016, economists cautioned during a forum in Colombo organised by the country’s leading trad

Digital Mobility Solutions (Pvt.) Ltd, which owns PickMe, Sri Lanka’s homegrown ride-sourcing app, is likely to go for an initial public offering (IPO) after a final round of private equity funding, signalling the entrance of the new generation

Business magnate Dhammika Perera has increased his shareholding in the Softlogic group subsidiary, Softlogic Finance PLC, the latest financial statements of the company for the period ended December 31, 2016 indicated.

Leading floor tile and bathware manufacturer, Royal Ceramics Lanka PLC (RCL), made an earning of Rs.8.85 cents a share or Rs.980.3 million for the quarter ended December 31, 2016 (3Q17), recording a modest increase of 8.5 percent from a year ago, the

The Central Bank this week approved Pan Asia Banking Corporation PLC’s (PABC) request to further extend the deadline for meeting the interim capital adequacy requirements for the banking sector. Accordingly, PABC has to meet Rs.7.5 billion in m

InsureMe Insurance Brokers (Pvt.) Limited has launched Sri Lanka’s first insurance comparison website www.insureme.lk.  

People’s Leasing and Finance PLC (PLC), the finance arm of state-owned People’s Bank, saw its performance being affected by higher cost of funds during its December quarter (3Q17) as the earnings narrowed by 16.9 percent year-on-year (YoY

Dipped Products PLC (DPL), the non-medical glove manufacturing unit of the Hayleys group, made a net profit of Rs.1.78 a share or Rs.106.7 million for the quarter ended December 31, 2016 (3Q17) amid a strong top line growth, while keeping the costs u

Omegaa Johkasou Engineering Lanka (Pvt.) Ltd, known for its life-enhancing products, entered into a cooperative agreement (MoU) with the Western Provincial Council Health Ministry recently. 

Sri Lanka Retailers’ Association held a meeting with the Minister of Finance Ravi Karunanayake recently to discuss the proposed ‘Sri Lanka Shopping Festival.’

Japan Expo Premier Sri Lanka 2017 will be held at the BMICH in Colombo from the 03rd to 05th this month, Chairperson of the Japan Expo Sri Lanka Exhibition Committee Mikiyo Furusawa said recently.