Pelwatte Dairy Industries Ltd, a leading manufacturer of locally produced dairy products has since its inception supported the local dairy industry and is on a quest to making Sri Lanka self-sufficient in milk.

Umaya Enterprises was honoured with the excellence award as the most outstanding company for its contribution towards Sri Lanka’s transport (rent a car) sector at the FLAME Awards – 2016 held in Colombo recently. 

The Christmas tree at Galle Face, Colombo, which was hailed as the world’s tallest, is currently being dismantled, although Guinness World Records had told Daily Mirror that Sri Lanka has yet to apply for the achievement. The tree was construct

AFP - Thai authorities yesterday warned of flash floods across the south as torrential rains lashed the region leaving at least six people dead, delaying flights and disrupting holidays during peak tourist season.

iflix, the world’s leading Internet TV service for Southeast Asia, offering subscribers unlimited access to thousands of TV shows, movies and more, is thrilled to premiere its latest science fiction drama, Aftermath, available only on iflix.&nb

AFP - The hunt for missing flight MH370 will end in two weeks, Malaysia’s transport minister said yesterday, as relatives of passengers demanded authorities push on with the search. 

AFP - China yesterday hiked the yuan against the dollar in its biggest one-day increase since 2005, after the greenback fell against leading currencies the previous day. 

The International Labour Organization (ILO) is to launch its report, ‘World Employment and Social Outlook – Trends 2017’, on January 12th. 

REUTERS: The Sri Lankan rupee traded weaker yesterday due to dollar buying by foreign banks and importers, but the Central Bank’s moral suasion continued to prevent further decline, days after the monetary authority signalled a change in its in

AFP - Canada’s international trade minister said Thursday that pressure by US President-elect Donald Trump would not keep American firms from investing in Canada or prompt them to withdraw any investments already made. “The fact that Cana

Bank of Ceylon (BOC) Christian Association celebrated its 51st Christmas carol service recently. The first carols service was held on December 17, 1965. 

Leo Burnett Sri Lanka, the local office of the global advertising network Leo Burnett Worldwide, is gearing up to host the eighth edition of Leo Art at the Galle Literary Festival, which brings the creative community, writers and artists from across

Angeline Dhevagunanesan was awarded the Prof. Lakshman R. Watawala Founder President Gold Medal for the best all-round student 2015/2016 at the graduation ceremony 2016 by chief guest Industry and Commerce Minister Rishad Bathiudeen,

AFP - Economic forecasting ‘is to some degree in crisis’, the Bank of England’s chief economist has said after it misjudged the fallout from Britain’s vote in favour of Brexit.

China Merchants Port Holdings (CMPH), the Chinese company with which government plans to enter into an agreement to develop Hambantota port, will still go ahead with the deal minus the 15,000 acres of industrial land, which would make the port viable

The Central Bank is likely to issue a formal directive in due course to the effect of higher minimum capital requirements for licensed banks after the Monetary Board, the institution’s governing body, studies the proposal as they are well in fa

REUTERS: Sri Lanka will aim to attract US $50 billion of mostly foreign investment in the next five to 10 years to help develop its infrastructure, Prime Minister Ranil Wickremesinghe  said this week.

Sri Lanka’s premier business chamber, Ceylon Chamber of Commerce (CCC), yesterday gave thumbs up for the Central Bank’s recently released monetary policy road map for 2017 and called on the country’s business community to support th

In the face of devastating crop losses in excess of an estimated Rs. 15 billion in 2016, the Planters Association of Ceylon (PA) released a statement pleading with the government to immediately provide a rational and effective solution to the managem

The Sri Lankan government has narrowly missed its fiscal deficit target of 5.4 percent of Gross Domestic Product (GDP) for 2016, accruing a deficit of 5.6 percent of GDP, official Treasury data shared by the Finance Ministry with the press, showed.

REUTERS: The Sri Lankan rupee ended weaker yesterday due to dollar buying by foreign banks, but the Central Bank’s moral suasion prevented further fall, two days after the monetary authority signalled a change in its intervention policy.

David Pieris Motor Company Ltd (DPMC), the largest automotive company in Sri Lanka awarded winners of the ‘Bajaj Thegi Nidhanaya’ promotion at an event held at their City Office in Battaramulla. The campaign which began on the 10th of Oct

Federation of Chambers of Commerce and Industries of Sri Lanka has honoured the performance of Safe Hands Products (Pvt) Ltd, a pioneer in manufacturing gloves with silver award for the Western province and national level merit award at the Entrepren

To complement national Christmas festivities and the Tourism Fest organized by the Ministry of Tourism Development and Christian Religious Affairs, BMICH partnered with the Hayleys Group choir, capturing the spirit of the holiday season with much-lov

The renowned pioneer in afforestation in Sri Lanka, Sadaharitha Plantations Ltd, won the coveted Gold Award for uplifting sustainable commercial forestry at the recent Swarnadeepa Awards presentation.  

In order to create awareness on social enterprises and social financing and reflect on their potential to contribute to sustainable development and poverty reduction, an international conference is organised by Lanka Social Ventures in partnership wi

eMarketingEye, the award-winning Sri Lankan integrated digital marketing agency and a pioneer in the industry, reached a record haul of 27 award wins in the year 2016, making it one of the most successful years in the company’s history. 

The Annual General Meeting (AGM) of the Sri Lanka-Thailand Business Council (SLTBC) was held at the Siam House, Colombo recently.

Kalubowitiyana Tea Factory achieved Rs.670 at the auction held on January 3/4, 2017 thus establishing an all-time record price. The teas were purchased by M/S Watawala Tea Ceylon Ltd and the selling broker was Ceylon Tea Brokers PLC. The factory is m

Sri Lanka’s new Foreign Exchange Act, which is expected to be presented to parliament this year, will do away with the current practice of foreign exchange-related offenses being prosecuted in a criminal court, as such will be dealt in a civil