REUTERS: Sri Lanka’s Cabinet has approved a proposal to employ a global stock and bond settlement house to help boost foreign investment in its government bonds, a cabinet document  showed yesterday.

REUTERS: Indian online marketplace Snapdeal is to lay off 600 employees and its founders will forego their salaries as the company struggles to turn a profit in a market increasingly

The main runway of Bandaranaike International Airport in Katunayake is currently closed for renovations. Flights will use the runway only at night time during January to April,

The national carrier, Sri Lankan Airlines recently hosted ‘Speculo 2017’, a national painting and visual arts exhibition featuring the work of the country’s top professional artists

Singer, the largest consumer durables retailer in Sri Lanka, is to soon introduce Senasuma Plus – a pioneering warranty and safeguard for all products – to its customers. 

Hands Global (Pvt.) Ltd that introduced the world-renowned EUROtec Smart CCTV camera bulb equipped with European technology and quality to the local market, taking a step forward to expand its network in order to meet the demands, introduced its new

Varun Beverages Lanka (Pvt.) Ltd announced the winners of the recently conducted popular ‘Pepsimoji’ competition, which attracted a record number of entries from across the island.  

As a strong advocate and practitioner of sustainable initiatives within the construction industry in Sri Lanka, INSEE Cement was lauded with the Green Platinum Award at Haritha Sihinaya 2017, an educational and environmental exhibition organised by t

StudyCo Lanka, a subsidiary of StudyCo, which is an Australia-based educational recruitment company representing all the universities in Australia, was launched in Colombo recently. 

Colombo port has been ranked 23rd among the world’s best 25 ports in accordance with the Alphaliner rankings in 2016, a Ports and Shipping Ministry statement said.

Sri Lanka’s leading e-commerce site, wOw.lk, recently launched its latest social media and internal campaign #wOwLoveFest, to spread some love on Valentine’s Day.

As a prelude to the 2017 Wedding Season, Hameedia who dressed bridegrooms for generations will offer its Customers a Bespoke Tailoring package that will award the third piece free

This past June at the Goodwood Festival of Speed, we whisked the cover off the most radical concept car we’ve ever built: the NISSAN CONCEPT 2020 Vision Gran Turismo.

Colombo’s culinary offering will expand into new regions on the world from Thursday, with the opening of the Capital’s first Turkish restaurant. 

Acclaimed Author Kelum Weligama is set tounveil his latest work ‘Persona’ by means of a virtual book launch - the first in Sri Lanka’s publishing history - on 25 February 2017

TBWA\Asia’s recently concluded first quarter management meeting kicked off in Sri Lanka, hosted by Renuka Marshall, TBWA\Sri Lanka, Managing Director and Subhash Pinnapola,

As Sri Lanka continues to struggle in improving its dairy industry, the leading global milk processor, Fonterra, stressed tax hikes on milk imports are not the way forward to boost the local capacity as such moves would eventually lead to a scarcity

ECONOMYNEXT: Lanka Harness, a Sri Lanka-based precision technology company that makes airbag sensors and seat belts, plans to buyout its parent Ito Springs of Japan.

ECONOMYNEXT: Sri Lanka will raise at least US $ 450 million from a syndicated loan for which the government has selected six banks, a media report said.

The retailing and fast-moving consumer goods (FMCG) giant, Cargills (Ceylon) PLC, posted a net profit of Rs.636.84 million for the third quarter ended December 31, 2016 (3Q17) recording a 37.52 percent increase year-on-year (YoY).

REUTERS: The Sri Lankan rupee ended weaker yesterday on importer dollar demand as local traders bought the US currency as a precaution amid concerns of a steep depreciation in the rupee in the absence of Central Bank intervention, dealers said.

REUTERS:  Sri Lankan shares rose slightly yesterday from a more than one-week closing low hit in the previous session as investors bought banking shares, but concerns over rising interest rates weighed on sentiment.

Prima Management Services (Pvt.) Limited (PMS), a leading IT solutions company, became the first Sri Lankan company to be awarded the ‘Solution Gold Partnership Certificate’ by Sweden-based Axis Communications, a leader in  network v

People’s Leasing & Finance PLC has appointed Ahamed Sabry Ibrahim as the CEO-Designate with effect from November 15, 2016, as the long-standing CEO D.P. Kumarage is set to retire.  

The international prices of liquefied petroleum gas (LPG) have been rising sharply over the last few months, breaking away from a relatively stable trend seen in the recent times, which may suggest that a permanent shift in prices is taking place.

The National Chamber of Exporters of Sri Lanka (NCE) renewed its commitment to support the economic development activities of the Northern Province, to enhance the income of the people by conducting an awareness programme for  non-member exporte

Leading blue chip conglomerate, Aitken Spence PLC has once again reaffirmed its support to the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) with yet another  lead sponsorship. 

Dr. Priyantha Wijayatunga, former Director General of the Public Utilities Commission of Sri Lanka (PUCSL) and a Senior Professor of Electrical Engineering at the University of Moratuwa, has been appointed as Director South Asia Energy Division of th

Specialized project financier turned a fully-fledged commercial bank, DFCC Bank PLC, saw its December quarter (4Q16) earnings soaring 74 percent from a year ago to Rs.759.1 million or Rs.2.86 a share, largely supported by trading and other incomes, p

“It may be more prudent to create high-density clusters of multifunction spaces and transport hubs than a continued urban sprawl,” architect Simon Griffiths from the UK said, speaking at the 34th National Conference on Architecture recent