Variety.com:  YouTube is killing one of its more obstrusive ad formats: The Google-owned video service said Friday that it was going to phase out unskippable 30-second preroll ads by next year.

Hotel Nippon was one of the oldest first 5 hotels in Sri Lanka which is the main landmark of Slave Island; Colombo 2 is 130 years old. 

Since 2009, Sri Lanka has seen strong year-on-year, double digit-growth in tourist arrivals. Overall infrastructure development has significantly boosted the growth and modernization of tourism, and in particular the level of offerings at hotels.&nbs

Aitken Spence Travels received the ‘Best in Class’ award presented by the Interactive Media Awards (IMA) for its revamped Aitken Spence Holidays website in the Travel and Tourism category. 

The British passenger vessel ‘Aurora’ made her graceful appearance on the Colombo port on February 6th, coming from Mumbai port, India.  

The financial year ended 31 December 2016 was the first full year of operations after the amalgamation of DFCC Bank with DFCC Vardhana Bank

More than 215, 000 people will benefit from a Euro 14 million multi-faceted housing project, financed by the European Union (EU), and implemented by Habitat for Humanity and World Vision Lanka. 

The foundation stone for ‘Deduru Oya Water Supply Project’ was laid ceremoniously on February 20thby Minister of City Planning and WaterSupply, Rauf Hakeem, Ambassador of the Republic of Korea to Sri  Lanka, Chang, Won-sam and 

Kanrich Finance, a company with a rich heritage of over 45 years, carried out the 12th phase of its ‘Sasunata Diriyak ’CSR initiative in Vavuniya very successfully recently.

The Central Bank’s laissez-faire policy towards the country’s foreign exchange management came under severe scrutiny yesterday as the country’s financial sector stakeholders argued whether such a policy has delivered the desired out

Inflation, as measured by the change in the National Consumer Price Index (NCPI) (2013=100), which is compiled by the Department of Census and Statistics, increased to 6.5 percent in January 2017 from 4.2 per cent in December 2016, on year-on-year (Y

Local representatives of the World Food Program (WFP) this week issued a fresh warning to relevant stakeholders, pointing out Sri Lanka’s paddy cultivation is heading towards a ‘worst case scenario’ due to the ongoing drought and th

Nestlé Lanka PLC, the local unit of world’s largest food company, saw its October-December quarter (4Q16) net profit increasing to Rs.860.1 

The capital market regulator, Securities and Exchange Commission (SEC) has re-opened 11 cases involving market manipulation, which were closed for two to three years ago, a top SEC official said. 

ECONOMYNEXT: Norwegian companies are interested in investing in Sri Lanka’s shipping and ports sector, the country’s envoy Thorbjorn Gaustadsaether has said.

Leading brush manufacturer B P P L Holdings Limited, (Beira Group), which will be entering the Colombo Stock Exchange next month, is hoping that its planned expansion projects, coupled with friendly policies from Donald Trump, would help expand its t

Nestlé Lanka’sManaging Director, Shivani Hegdestated:“2016 has witnessed a very challenging business environment. Our steady progress and the external recognitions

Nominations are invited for the seventh Top 50 Professional and Career Women Awards 2017, which is to take place on July 14th, organized by the Women in Management (WIM) and IFC, a member of the World Bank Group partnering the event for the third con

Development Strategies and International Trade Minister Malik Samarawickrama visited Thailand recently to explore avenues of expanding and diversifying the bilateral trade and investment relations and progressing on the establishment of the industria

The International Chamber of Commerce Sri Lanka (ICCSL), the domestic chapter of Paris-based international world business organisation, commenced its Foundation Certificate in International Business (FCIB) for the year 2017 offering a plethora of kno

Japanese Ambassador to Sri Lanka Kenichi Suganuma invited Sri Lankan businesses to penetrate the Japanese market as it would provide them with tremendous opportunities as the Japanese are wealthy people.  He said that the Japanese market is very

Devi Jewellers, a state-of-the-art, value-driven jeweller with over 50 years of time-tested expertise and superior craftsmanship, boasts a diverse product portfolio of rings, earrings, bracelets, bangles, necklaces, pendants, chains, wedding and diam

Rice has been cultivated in Sri Lanka for almost 3000 years and to this day remains a fundamental food in many of our cultural cuisines

Global geopolitical powers should attempt to be apolitical when developing the Trincomalee port and the area around the Bay of Bengal, in order to ensure maritime security for all stakeholders, the Eastern Province Governor advocated last week.

Once the electronic government procurement (e-GP) system is introduced, it would help the government to make the public procurement more efficient and transparent, said Finance Minister Ravi Karunanayake. 

Chinese e-commerce sensation and Alibaba Founder Jack Ma will likely be visiting Sri Lanka this year, Finance Minister Ravi Karunanayake claimed last week.

Sanasa Development Bank PLC (SDB) last week raised equity capital to the tune of Rs.510.65 million from the International Finance Corporation (IFC), the private sector investment arm of the World Bank, a disclosure filed with the Colombo Stock Exchan

REUTERS: Sri Lanka’s tea output fell 15.3 percent in January due to adverse weather, poor application of fertilisers and a government ban on pesticides, the state-run Tea Board said yesterday.  “Mainly it is the weather; in addition

REUTERS: Sovereign wealth funds pulled US $ 37.8 billion from global stock and bond markets in 2016, data from research firm eVestment showed, although the fourth quarter flows showed a slowdown in the rate of redemptions.

The Central Bank of Sri Lanka (CBSL) yesterday launched a data library for the public via the CBSL external website.