Kalubowitiyana Tea Factory achieved Rs.670 at the auction held on January 3/4, 2017 thus establishing an all-time record price. The teas were purchased by M/S Watawala Tea Ceylon Ltd and the selling broker was Ceylon Tea Brokers PLC. The factory is m

Sri Lanka’s new Foreign Exchange Act, which is expected to be presented to parliament this year, will do away with the current practice of foreign exchange-related offenses being prosecuted in a criminal court, as such will be dealt in a civil

REUTERS: Sri Lanka’s tea output edged up in November for its first monthly gain in 10 months thanks to favourable weather conditions, the state-run Sri Lanka Tea Board said yesterday. 

The Securities and Exchange Commission (SEC), Colombo Stock Exchange (CSE) and stockbrokers are actively engaged in a discussion over the sustainability of the broking industry as many broking firms are losing money heavily due to the depressed state

Sri Lanka’s oil palm plantation operators can expect strong growth in the industry for the foreseeable future due to the global palm oil demand, the research arm of a Colombo-based equity brokerage said in a report.  

The inaugural ceremony of the national programme to transform all state sector buildings into renewable energy centres will be officially held under the patronage of Finance Minister Ravi Karunanayake at the Finance Ministry next Monday (January 9).

REUTERS: The Sri Lankan rupee ended steady in thin trade yesterday amid worries over slowing foreign fund inflows and after the Central Bank chief signalled a change in the monetary authority’s intervention policy to defend the currency.

Sampath Bank PLC yesterday said it purchased 2.88 percent shares of Sampath Centre Ltd, a company in the business of renting commercial property, making it a fully-owned subsidiary of the bank.

Sri Lanka has been listed as one of the 20 hottest luxury tourism destinations in 2017 by business media conglomerate, Bloomberg.

ICC Developers (Pvt) Ltd announced the completion of the main structures of its newest venture, ‘Oceanfront Condos-Nilaveli’. 

Year 2017 promises to be an exciting year for real estate investment.  With more and more developments popping up in the world’s key emerging markets, the eyes are away from Europe and the US, and onto countries such as Mexico, Philippines

The Export Development Board (EDB) has initiated a number of programmes focusing the small and medium enterprises (SMEs) especially in the provinces to develop identified entrepreneurs to become exporters ready under the 2000 Exporters  Developm

Global business management software company CAMMS has launched in the Sri Lankan market. A leading provider of enterprise performance management (EPM) and business intelligence (BI) software, CAMMS has teamed up with Sri Lanka’s number one life

Laugfs Holdings, one of the largest diversified business conglomerates, announced the appointment of Asanga Ranasinghe to the boards of Laugfs Holdings and Laugfs Gas PLC as Executive Director.  He is also appointed as Sector Managing Director o

Dr Neville Fernando Teaching Hospital Malabe (NFTH) has opened a new unit which offers comprehensive treatment to patients suffering from spinal cord injury. 

Oslo Innovation Week, Europe’s largest innovation convention that included a five-day series of events, was held recently at the Forskningsparken science park in Oslo, Norway. The organisation Oslo Innovation Week is owned by the City of Oslo a

The website of the Golden Key Hospital has been revamped with improved functionality and a new look and feel, enabling visitors to make appointments with consultants online as well as to access more information on the hospital’s facilities and

Teejay, South Asia’s leading fabric manufacturer, has taken the lead in producing green fabric for some of its key customers. The company, which was named amongst the 2016 Forbes list of Asia’s Top 200 Companies under a Billion US dollars

Beneficiaries of the National Insurance Trust Fund (NITF)’s healthcare services will now be eligible to seek treatment at any hospital under the Asiri Group of Hospitals following the recent signing of a memorandum of understanding (MoU) betwee

Following is the part covering the monetary policy, financial sector and economic strategies of Central Bank Governor Dr. Indrajit Coomaraswamy’s speech at the launch of ‘Central Bank Road Map for 2017 and Beyond’ on Tuesday.

The Softlogic group has ventured into real estate with Softlogic Properties (Private) Limited acquiring a land off De Fonseka Road, Colombo 04 for the construction of an apartment complex.

Cisco Partner Summit was held at Jetwing Blue Hotel in Negombo recently with almost 120 Cisco partners from all around the country attending. 

Pasyale Ayurveda Osu (Pvt) Ltd has won National Silver Awards in the categories Sri Lankan Entrepreneur (Large Category) 2016 and the Provincial Silver Award (Large Category) 2016 at the Sri Lanka Entrepreneur Awards 2016 held recently in Colombo.

Lanka Hospitals’ “Health Link” announced the launch of gift vouchers in three denominations; as a meaningful and a valuable gift idea for everyone who keeps health at the top of their minds.

 Patrons of People’s Hospital at Mahabage can now make medical appointments from the comfort of their home or on the go with Doc990. 

S-lon Lanka, the premier water management solutions provider and market leader of PVC pipes in Sri Lanka, has partnered the Chamber of Commerce and Industries of Yarlpanam (CCIY) to co-sponsor the 2017 edition of the Jaffna International Trade Fair (

VirtusaPolaris supported the inaugural Jaffna Big Data Workshop organised by Colombo Big Data Meetup Group. It concluded recently at the Faculty of Engineering, University of Jaffna, Kilinochchi. 

This week sees the introduction of a new scheme by the European Union to streamline exports from developing countries’ to the region. 

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DFCC’s New Year Family Saving Offer received an overwhelming response as many customers walked into DFCC branches across its network on the 1st of January 2017