Sri Lanka has confirmed the purchase of 500000 metric tons of rice from four global suppliers to face pressure from its domestic markets distressed by paddy shortfall for three straight seasons.  Shipments from one country are already being offl

Finance and Mass Media Mangala Samaraweera represented Sri Lanka at the Commonwealth Finance Ministers Meeting (CFMM) held at the headquarters of the International Monetary Fund in Washington DC, USA on Thursday. Canada chaired this year’s meet

The Maryam Gem and Jewellery showroom, centrally located adjacent to Fort, at No: 88A, Main Street, Colombo 11, was ceremonially opened by SSP and Police Headquarters Director Anura Abeywickrema.

The Dreamron College of Art and Beauty, a member of Dreamron Group of Companies, held its annual diploma convocation ceremony at the Bandaranaike Memorial International Conference Hall (BMICH) in Colombo recently. 

The eighth installation ceremony to induct the Executive Committee of the Omega Line Toastmasters Club for 2017/2018 was held at Goldie Sands Hotel, Negombo recently.

Reuters: The Sri Lankan rupee snapped a four-session decline to end slightly firmer yesterday, as dollar inflows due to inward remittances surpassed greenback buying by banks on behalf of oil importers, dealers said.Dealers said the rupee was under p

The Singer Fashion Academy, celebrated for teaching the nation the art of sewing and nurturing creative skills among a large number of individuals, expanded its branch network recently adding academies in the towns of Warakapola, Mt. Lavinia, Pilimat

The Sri Lankan chapter of Global Organisation for Persons of Indian Origin (GOPIO SL) recently hosted a career development seminar in Deraniyagala, in the Kegalle District. 

AFP: Asian investors headed into the weekend cautiously upbeat yesterday after US traders took a breather from their recent run of records while uncertainty about Donald Trump’s tax plans are keeping the dollar reined in.

The International Youth Day, which was celebrated on August 12 this year, is dedicated to celebrating young people’s contributions to conflict prevention and transformation, as well as inclusion, social justice and sustainable peace.

The Board of Investment of Sri Lanka conducted a special seminar titled ‘Hub Operations ; future opportunities for Investment in Sri Lanka’ this week at the BOI Auditorium, Colombo.

Earlier this month, six year old Adam Mohammad Amer of Egyptian-Moroccan origin, surprised pilots onboard an Etihad Airways flight from Morocco to Abu Dhabi by giving detailed procedural accounts 

Fairway Holdings will conduct its second English Creative Writing Workshop on the 3rd and 4th   of November 2017 at the Lakshman Kadirgamar Institute of International Relations and Strategic 

Etihad Airways launched a competition earlier this week to engage four young Emirati fashion designers to create new onboard loungewear.

Ceylon Tea Land (Pvt.) Ltd could seize the Gold award in the medium-scale category for the field of tea stock exports, at NCE Exports Excellence 2017, organized by the National Chamber of Exporters (NCE)/

Just days after the World Bank said possible plans by Sri Lanka to roll over its commercial debt or international sovereign bonds (ISBs) will be an uphill task come maturity, Moody’s Investors Service this week expressed similar concerns

AFP: Sri Lanka is to start regulating the traditional home-brewed alcohol known locally as toddy in an effort to increase its tax revenues, a government spokesman said this week.

REUTERS: Sri Lankan shares rose about 1 percent yesterday in heavy trade and posted their highest close in more than 10 weeks, with banks leading the gains, brokers said.

Finance and Mass Media Minister Mangala Samaraweera will present a “designer budget” next month that will focus on a start-up culture of “empowering the private sector,” a Finance Ministry communiqué said.

Association of Accounting Technicians of Sri Lanka (AAT) President J.M.U.B. Jayasekera this week requested the government to stimulate economic growth by facilitating the training of 100,000 accountants.

Given current sentiments and the high inflationary regime of over 7 percent coupled with the slow pace of Foreign Direct Investments, the International Monetary Fund’s growth projection of 4.7 percent for Sri Lanka in 2017 was encouraging and o

Sri Lanka’s most digitally innovative bank, HNB PLC, announced the launch of its state-of-the-art Centre of Aspiration, a new centralized unit within the bank dedicated solely to manage the bank’s debt collection operations.

REUTERS: HSBC has named John Flint as its next chief executive the bank said on Thursday, sticking with its model of always promoting company insiders to run the firm.

At the recently held ‘Sri Lanka Economic Summit 2017’, Sri Lankan and international speakers shared their views and recommendations on Sri Lanka’s trade reform efforts and the direction it should take, under the theme of ‘Exec

REUTERS: The Sri Lankan rupee ended weaker for the fourth consecutive session yesterday as banks bought dollars on behalf of state-run Ceylon Petroleum Corp, which stocked up crude ahead of an expected fuel price hike, dealers said. The spot rupee en

MTI CEO Hilmy Cader arrived in Perth to strengthen ties with the University of Western Australia (UWA), with the intention of jointly exploring opportunities in Sri Lanka for research and executive education.

The Hindu: Sri Lanka’s Central Bank will evolve a programme to help the country’s war-affected communities tackle the mounting pressure of household debt, according to  its chief.

Launched in 1991, Seylan Tikiri is the pioneer in minor savings accounts and is evolving rapidly with innovative services to cater to the diverse needs of its vast customer base.

  Former Finance Minister Ravi Karunanayake in his budget speech for 2017 stated that the tax system of the country is revisited with emphasis being made on the creation of a much simpler tax regime with minimum tax exemptions and a broadened t

Japan’s Denso Corporation, a reputed global automotive components manufacturer, recently signed a memorandum of understanding (MoU) with Laugfs International, the trading arm of Laugfs Holdings, a diversified business conglomerate in Sri Lanka,