The Fairway Galle Literary Festival, since first launching in 2007, has become one of the most anticipated literary events in Southeast Asia for both authors and literary enthusiasts around the world. The festival is celebrated annually

Traditionally, insurers provide financial assistance when things go wrong. For example, if you pass away, your death benefits will be paid or if you are hospitalized, your bills will be compensated. AIA Insurance’s game-changing approach is int

Janashakthi group subsidiary, Orient Finance PLC, plans to raise up to Rs.400 million via a proposed rights issue to strengthen its Tier II capital, a disclosure filed with the Colombo Stock Exchange said. 

REUTERS: HSBC’s ambitions to establish an investment banking franchise in China have hit a roadblock, with the bank still waiting for approval for its partnership with a state-owned fund more than a year after it announced the venture.

Fitch Ratings has affirmed the long-term issuer default ratings (IDRs) of the following Sri Lanka-based banks: National Savings Bank (NSB) at ‘B+’; outlook negative; Bank of Ceylon (BOC) at ‘B+’; outlook negative; DFCC Bank PL

The government is making decisions without doing proper research, specially in the case of the country’s thrust areas of infrastructure development and trade policy, Sri Lankan President’s Economic Advisor Dr.Sarath Rajapatirana said last

The era where exports pushed a nation’s economic growth has begun to slowly disappear as this phenomenon has now become evident from the recent export growth statistics of Asia Pacific 

The names of Central Bank officials who are sabotaging the rupee will be revealed in the coming days, after which the currency will strengthen in the coming months, Finance Minister Ravi Karunanayake said recently.

Finance Minister Ravi Karunanayake last week challenged the former President Mahinda Rajapaksa to explain where the remaining funds from the US$ 1.4 billion

REUTERS: The employee union of the Reserve Bank of India (RBI) has urged the bank’s governor to protect Central Bank autonomy and not allow the federal government to interfere in processes following criticism over how it handled a ban on high-v

While lauding the government for its role in regaining GSP Plus tariff concession from the European Union (EU), a leading export chamber in the country urged its members as well exporters in general to prepare themselves to make use of the opportunit

The two subsidiary companies of Lakdhanavi Ltd and LTL Holdings (Pvt) Ltd, namely; Raj Lanka Power Company Ltd (RLPCL) and Lakdhanavi Bangla Power Ltd (LBPL) which operate two thermal power plants with the capacity of 104 MW in Bangladesh, 

Minodh de Sylva won the Young Achiever Award, presented to those with significant achievements under the age of 35 years at the recently concluded Marketing Excellence Awards at the Taj Lands End Hotel, India. 

The second edition of the Single Country Exhibition of Pakistan was held at the Bandaranaike Memorial International Conference Hall (BMICH) last weekend.

Hayleys Group PLC, jointly with Windforce Pvt Ltd recently announced the commissioning of their solar power plant located in Welikande in the Polonnaruwa district.

The first Annual General Meeting of the Pest Managers Association of Sri Lanka was held yesterday. About 38 registered companies attended the event. The following office bearers elected to lead the Association during year 2017. (Photo credit:Travis F

Foundation stone laying ceremony of the Nestlé Lanka’s newest state-of- the-art factory in Pannala took place yesterday with the participation of President Maithripala Sirisena and many other distinguished invitees.

Sri Lanka is at least three decades behind in getting into a much deeper trade, services and investment agreement with India

The Sri Lankan government will be legislating new laws to allow foreign investors to obtain residency in Sri Lanka easily, Finance Minister Ravi Karunanayake told a media briefing yesterday.

Diversified conglomerate and construction giant, Access Engineering PLC said it invested Rs.2.3 billion in a mixed development project jointly developed with Singapore’s Mustafa’s (Pte) Ltd and China Harbour Engineering Company (Lanka) Li

Sri Lanka’s external sector performance improved in September 2016 as exports grew for the second consecutive month and tourist earnings rose narrowing the trade deficit, data released by the Central  Bank showed.

The European Commission, the executive body of the European Union (EU), yesterday proposed to restore the special concessions under the Generalized Scheme of Preferences Plus (GSP Plus) for imports from Sri Lanka in exchange of an improved human righ

Central Bank Governor Dr. Indrajit Coomaraswamy will deliver the 21st Annual Tax Oration organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on January 19, 2017.

The Condominium Management Authority (CMA) joined hands with the University of Moratuwa (UoM) to conduct research work in setting construction standards in the development of condominiums in Sri Lanka.

LTL Transformers Ltd (LTLT), Sri Lanka’s internationally-acclaimed transformer manufacturing company, has procured an order for the supply of 1,000, 11 kV/200 kVA distribution transformers, to the value of Rs.600 million, to the Lahore Electric

SriLankan Airlines is pleased to note that despite the closure of the runway during the daytime hours from 6th January to 6th April 2017, its services and operations at the Bandaranaike International Airport in Katunayake are proceeding seamlessly, w

In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into a memorandum of understanding (MoU) with the Registration of Persons Department yesterday,&n

Leading Sri Lankan mobile phone distributor Cellcity Lanka (Pvt.) Ltd has been at the forefront of the local tech market and keeping to this, has announced the introduction of yet another world-class mobile brand – Xiaomi – to Sri Lanka.&

Huawei Consumer Business Group (CBG) revealed its expected 2016 annual performance figures. For 2016, CBG predicts sales revenue of 178 billion RMB, 42 percent up from a year ago, achieving steady growth for the fifth consecutive year.

Abbotsleigh estate, situated in the Hatton region and selling under the garden mark Florence, has achieved an all-time record price of Rs.550 on two invoices of BP1 in the CTC high category at the weekly tea auction held on January 10, 2017.