The first Annual General Meeting of the Pest Managers Association of Sri Lanka was held yesterday. About 38 registered companies attended the event. The following office bearers elected to lead the Association during year 2017. (Photo credit:Travis F

Foundation stone laying ceremony of the Nestlé Lanka’s newest state-of- the-art factory in Pannala took place yesterday with the participation of President Maithripala Sirisena and many other distinguished invitees.

Sri Lanka is at least three decades behind in getting into a much deeper trade, services and investment agreement with India

Diversified conglomerate and construction giant, Access Engineering PLC said it invested Rs.2.3 billion in a mixed development project jointly developed with Singapore’s Mustafa’s (Pte) Ltd and China Harbour Engineering Company (Lanka) Li

Sri Lanka’s external sector performance improved in September 2016 as exports grew for the second consecutive month and tourist earnings rose narrowing the trade deficit, data released by the Central  Bank showed.

The European Commission, the executive body of the European Union (EU), yesterday proposed to restore the special concessions under the Generalized Scheme of Preferences Plus (GSP Plus) for imports from Sri Lanka in exchange of an improved human righ

Central Bank Governor Dr. Indrajit Coomaraswamy will deliver the 21st Annual Tax Oration organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on January 19, 2017.

The Condominium Management Authority (CMA) joined hands with the University of Moratuwa (UoM) to conduct research work in setting construction standards in the development of condominiums in Sri Lanka.

LTL Transformers Ltd (LTLT), Sri Lanka’s internationally-acclaimed transformer manufacturing company, has procured an order for the supply of 1,000, 11 kV/200 kVA distribution transformers, to the value of Rs.600 million, to the Lahore Electric

Abbotsleigh estate, situated in the Hatton region and selling under the garden mark Florence, has achieved an all-time record price of Rs.550 on two invoices of BP1 in the CTC high category at the weekly tea auction held on January 10, 2017.

The Central Bank is to publish new indices on property prices going forward while modifying the existing wage indices in a bid to enhance the statistical inputs used in policymaking at the Central Bank and also to better track the various development

As major changes are sweeping the 42-year long historic Asia Pacific Trade Agreement (APTA – also known as Bangkok Agreement), a top official delegation left Sri Lanka on January 10 to attend the latest Bangkok Agreement talks in Thailand.

United Tractor & Equipment (Pvt) Limited (UTE) is one of the first companies in Sri Lanka in the power generation engineering solutions sector to successfully achieve the new ISO 9001:2015 certification standard for sales and marketing of power g

Leading swimwear manufacturer Linea Aqua (Pvt) Ltd announced its latest landmark accomplishment in the field of environmental sustainability through obtaining WaterNeutral certification for its Hanwella factory, thereby making it the first apparel ma

AFP: Sri Lanka announced yesterday it would raise US $ 1.5 billion through a domestic bond sale this year as it moves to rebuild its foreign exchange reserves.

Dr. Mayura Jayasoma, CEO and Technical Director of JLanka Technologies was recognized for his entrepreneurial vision by the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL), at the Sri Lankan Entrepreneur of the Year Awards cerem

The Jaffna International Trade Fair (JITF 2017), the largest consumer exhibition and trade fair in the fast-growing northern region of Sri Lanka, will be held from January 27 to 29, 2017 for the eighth consecutive year, with all arrangements in place

The initial congestion caused as a result of the partial closure of the Bandaranaike International Airport (BIA) beginning January 6 has now been completely eased according to the Minister of  `Tourism Development. 

REUTERS: Yahoo Inc said it would rename itself Altaba Inc and Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc.

Sri Lanka Tourism Development Authority (SLTDA) will be introducing regulations and providing greater support to small scale accommodation providers who have been the fastest growing segment in the country’s hospitality industry, according to a

REUTERS: Sri Lankan shares erased early gains to end marginally lower yesterday as yields on short-term government securities rose in a weekly auction amid uncertainty over government’s monetary and budget policies.

REUTERS: The Sri Lankan rupee ended slightly firmer yesterday as foreign banks and some exporters sold dollars, but dealers expect the strength to be short-lived on lingering concerns after the Central Bank last week changed its intervention policy.

As per the Extraordinary Gazette No. 1998/11 of December 20, 2016, under the Companies Act No. 7 of 2007 made by the industries and commerce minister reads as follows: Companies (Secretaries) Regulations published in the Extraordinary Gazette 471/6 o

Shangri-La Hotels and Resorts announced the appointment of Timothy Wright as Vice President and General Manager and Chris McFall as Director Sales and Marketing for Shangri-La Hotel, Colombo due to open during the second half of 2017. 

Introduction of ‘commercial mediation’ will offer Sri Lanka’s business community an optional dispute resolution mechanism in addition to litigation and arbitration, both of which are riddled with delay and expense.

ITN joined hands with Abans for ‘Sooryabala Sangramaya’, an initiative to generate electricity using solar power to fulfill ITN’s energy consumption.

The Sri Lanka–Italy Business Council of the Ceylon Chamber of Commerce will launch the fourth batch of its successful Italian language course on February 18, 2017.

An internationally acclaimed economist yesterday called on Sri Lanka to diversify its technological know-how before seeking investments to boost exports, a failure of which would deteriorate the economy.  

Sri Lanka’s hopes for an upgrade in its credit profile will depend on how much it will comply with the International Monetary Fund (IMF) conditions, which the country agreed upon when entering the loan packages with the multilateral lender, cre

The growth in private sector credit has upset the Central Bank as the recent numbers available up to October showed a disturbingly higher credit growth as the state-owned lenders remained stubborn although the private lenders showed some responsivene