REUTERS: The Sri Lankan rupee closed steady yesterday as light importer dollar demand was met by exporter selling and moral suasion by the Central Bank boosted sentiment, dealers said. They said the local currency might weaken in January after the Ce

REUTERS: Sri Lanka intends to raise up to US $1 billion via foreign currency term financing facility (FTFF) to finance the import elements of development projects specified in the 2017 budget, the government said on Wednesday.

A share sale of significant size relating to the diversified conglomerate Sunshine Holdings PLC’s) took place between entities controlled by Sunshine Holdings director G. Sathasivam, a company official said yesterday.

Nations Trust Bank has joined forces with the National Blood Transfusion Service (NBTS) of Sri Lanka in a nationwide campaign to create awareness about the importance of blood donation and to educate the public on the vital social need for a secure,

The controversial Economic and Technical Cooperation Agreement (ETCA) currently being negotiated with India may not create market access and competition in the scale that is expected by Sri Lanka due to toxic politics that have prevailed between the

REUTERS: China will change the way it calculates a key yuan index in the New Year, nearly doubling the number of foreign currencies in a basket that is used to set the yuan’s value, its foreign exchange market operator said yesterday.

REUTERS:  Sri Lankan shares touched a more than one-week closing high yesterday led by financials, with shares of Pan Asia Banking Corporation Plc accounting for 85 percent of the day’s turnover. 

Continuing its laudable Corporate Social Responsibility (CSR) initiative for the greater good and welfare of society, N. M. K. Charity Foundation spearheaded by the Chairman of NMK Group of Companies,

In celebration of its 150th anniversary worldwide and 110 years locally, Nestlé launched another big commitment to help develop the local coconut industry. 

Being continuously sensitive to the communities which they operate, Union Manushyathwaya, the CSR brand of Union Assurance was able to continue its efforts and spread health, wellness and goodness for people across the island. 

Sri Lanka Telecom  together with SLASSCOM  recently presented one of the globally emerging topics of Cloud based “Microservices Architecture”

Sri Lanka has signed an agreement to obtain a US $ 75 million World Bank credit line to support the country’s welfare programmes and improve the equity, efficiency and transparency of its social safety net system.

REUTERS: Sri Lanka’s Central Bank is most likely to keep its key interest rates steady tomorrow, even as some economists expect further tightening to ease pressure on the rupee following the Fed rate hike earlier in the month, a Reuters poll sh

The trading of shares of Melstacorp Limited will commence from tomorrow, the Colombo Stock Exchange (CSE) yesterday said.

Sri Lanka’s pharma chamber yesterday cautioned that a few medicinal drug brands, particularly manufactured in developed countries, may not be available in the local market as a result of the companies marketing these products exiting the market

The Monetary Board of the Central Bank has reconstituted the board of directors of The Finance Company PLC (TFC) following the resignation of the entire director board of the troubled finance company, which was earlier part of the Ceylinco group.

Havelock City, the premier mixed-use development project in Sri Lanka, ceremoniously conducted the ground-breaking and inauguration of its commercial development project under the auspices of Overseas Realty Chairman and visionary businessman S.P. Ta

The Commercial Bank of Ceylon has supported the Lady Ridgeway Children’s Hospital and the National Eye Hospital with timely assistance on two important projects launched by these institutions.

The Indian CEO Forum (ICF) successfully completed yet another health check camp with the active support of Ultratech Cement  and JV Gokal at the Madyama Sayanaya in Peliyagoda recently, which was inaugurated with the lighting of the oil lamp and

Continuining an unbroken tradition of nearly four decades, the Siddhalepa Group this year too, will take on a ‘healing role’ to approximately 15 lakhs of devotees when they begin their journey to the sacred mountain of Sri Pada to pay hom

The surroundings of the Podiwewa, a minor irrigation tank in Monaragala was a hive of activity recently as the villagers from Thimbirigas-ara in Buttala came together with a single intention in mind. 

With a strong commitment towards supporting the prevention of commercial exploitation of species of wild animals and plants, Nations Trust Bank once again pledged its ongoing partnership with the Wildlife and Nature Projection Society of Sri Lanka.

Mobitel recently partnered with Gensoft, the market leader for logistics software in Sri Lanka and the Maldives for their Gensoft Logistics ERP Suite. 

REUTERS: Nokia Corp said it had filed a number of lawsuits against Apple Inc for violating 32 technology patents, striking back at the iPhone maker’s legal action targeting the one-time cellphone industry leader a day earlier.

Sri Lanka Telecom together with SLASSCOM  recently presented one of the globally emerging topics of Cloud-based ‘Microservices Architecture’ through a knowledge sharing programme themed, ‘TechTalk’.  

Metropolitan Telecom Services (Pvt) Ltd, an authorised distributor for Micromax Informatics, will launch two new robust Android smartphones in Sri Lanka: the Micromax Bolt (Q346) and Bolt Supreme 2 (Q301). 

There are many Christmas trees in the malls down Orchard Road in Singapore. In fact, when one takes the ride from Changi Airport into the city these days, the tourism promotion machinery begins with the taxi drivers 

Following is the speech delivered by Foreign Affairs Minister Mangala Samaraweera as the chief guest at the ground-breaking and inauguration of Havelock City Commercial Development by Overseas Realty PLC, held yesterday. 

We are now spending the last few days of the year 2016, during which, we played different roles and collected a lot of experiences by succeeding as well as failing at what we were doing. It is based on the majority of good or bad stories that we had

The Commercial Bank of Ceylon has been declared the‘Best SME Bank’ in Sri Lanka in 2016 by International Finance Magazine (IFM) of the UK, for ‘making a significant difference and adding value, and achieving the highest standards of