REUTERS: Sri Lanka’s 2017 growth rate is likely to be significantly lower than the government and Central Bank forecast, mainly due to a severe drought and tight monetary and fiscal policies, private economists said.

REUTERS: Sri Lankan shares hit a one-year closing low yesterday, falling for an eighth straight session, as concerns the Central Bank would raise rates next week weighed on sentiment after the International Monetary Fund urged it to tighten monetary

On a one to 10 scale, where one is ‘well below our potential’ and 10 is ‘at peak potential’, how is your organisation currently performing in the marketplace?

Most of Sri Lanka’s state-owned enterprises (SOEs) have stopped bleeding under the ‘good governance’ regime, after it took over two years ago, Sri Lanka’s Finance Minister Ravi Karunanayake said this week.

Development Strategies and International Trade Minister Malik Samarawickrama accompanied by Ambassador Rodney Perera met with European Commissioner for Trade Cecilia Malmström recently at the European Commission in Brussels. 

Hameedia, Sri Lanka’s leading menswear specialist continues its sponsorship as the Official Clothing Partner for the legendary Battle of the Maroons clash for the second consecutive year. Hameedia 

Jaguar’s electric performance SUV concept will showcase one of the production car’s First Edition colours – Photon Red – when it appears at the Geneva Motor Show on 7 March.

The Body Shop in Colombo partnered with HSBC to share expert skincare and makeup advice with customers at its flagship store. A selected group of HSBC Advance clients were invited to a special 

Leo Burnett Sri Lanka, the local office of the global advertising network Leo Burnett World wide recently conducted its annual review for the 11th consecutive year to celebrate the agency’s 

News of a transfer of the management of Oasis Hospital by a newly-formed conglomerate of leading doctors, academics and entrepreneurs to provide a state of the art patient-friendly hospital

The third tranche of the International Monetary Fund’s (IMF) US $ 1.5 billion Extended Fund Facility (EFF) would not be delayed in mid-2017 despite Sri Lanka’s inability to meet the foreign reserve targets set by the programme, the countr

REUTERS: The Sri Lankan rupee ended weaker yesterday due to importer dollar demand, dealers said, but the market expected pressure on the currency to ease after the government raised nearly US $ 1 billion via a bond auction.

Sri Lanka’s manufacturing activity expanded in February as the manufacturing sector PMI rose 0.9 index points compared to the previous month’s record of an index value of 57.1, the latest data released by the Central Bank showed. 

Sri Lanka’s gross domestic product (GDP) grew at 5.3 percent in the fourth quarter of 2016 (4Q16) compared to the same period of the previous year and the economic growth rate for the year 2016 was estimated at 4.4 percent, the country’s

The Colombo Stock Exchange (CSE), in association with the Securities and Exchange Commission of Sri Lanka (SEC), Sri Lankan High Commission in Australia and with the participation of stockbroker firms and unit trust companies, will host a series of &

Almost all the dollars earned by over a million housemaids auctioning their sweat and blood in the Middle East and the dollars spent by around two million tourists annually visiting the country are just getting evaporated as import-dependent Sri Lank

It is often difficult to find accommodations that provide you with both the comforts and luxuries you want and fit into your budget. This is true specially in Colombo, where the choices are many but would fall short on either the pricing or the acces

At times of big turmoil, currencies take the hit, but economic transformation can also create currency winners. Nowhere is this more apparent than when we compare the prospects of British sterling and China’s renminbi.

VirtusaPolaris organized a panel discussion on ‘leadership & gender - breaking the norm’ in commemoration of Women’s day to empower women to take charge and achieve their career goals.  The moderated discussion, which took

HP Inc. rewarded 16 top performing HP partners with an amazing tour of Tokyo, Japan in January this year. 

Watercare Technologies (Pvt) Ltd, Sri Lanka’s most sought after professional organization providing total water care solutions announced it has been awarded the coveted ISO 14001 certification, hence becoming the first water treatment company i

In a leap forward to augment work-life balance and enhance customer services through a happy workforce, Hatton National Bank (HNB) appointed senior banker Kalum Wijesooriya as its new Chief Employee Experience Officer and Vindhya Wijegunawardane as C

Kiribathgoda has received its own Burger King restaurant, following the opening of the 14th such outlet in Sri Lanka at a prime location in this bustling suburb, by master franchisee Softlogic Restaurants (Pvt) Ltd., a fully-owned subsidiary of Softl

Heritage tourism has emerged as one of the most successful types of modern tourism. However, at present the access to information on cultural heritage is limited and scattered. The accuracy and consistency of available information are  also conc

The National Chamber of Commerce of Sri Lanka (NCC) will hold a half-day seminar on ‘EPF & ETF’ (English medium) on Thursday, March 23, 2017, from 1:30 p.m. to 4:30 p.m., at the NCC auditorium, No: 450, D.R. Wijewardene Mawatha, Colom

Softlogic opened its 31st branch in Dematagoda recently. The fully-fledged branch is now open at No: 85, Kollonnawa Road, Dematagoda.

Sri Lanka’s fastest growing commercial bank, Pan Asia Bank recently unveiled its new improved Internet banking solution platform as part of its endeavour to conquer the digital banking frontier of the country. 

No action-packed Sri Lankan adventure is complete without a stay at Laya Leisure in Kukuleganga, Kalutara. Featuring a number of must-have holiday essentials, including an exquisite dining menu, comfortable rooms and a refreshing swimming pool, Laya

IFS, the global enterprise applications company,announced that Sunshine Healthcare Lanka Ltd, a subsidiary of leading conglomerate Sunshine Holdings PLC, has successfully gone live with IFS Applications 9 following a rapid nine-month implementation p

Harpos’ School of Hospitality & Tourism Management Galle branch, now in its 5th year conducts certificate programmes in culinary arts, pastry and bakery, housekeeping and F&B. It awarded certificates to a batch of 14 students last month