Business

Sri Lanka makes case for foreign investment

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October 17, 2019 11:25 am

In a sharply focused forum to sell Sri Lanka’s multiple attributes as a ideal location for foreign investment, the organizers flew in some ‘big guns’ from Colo...


Hilton appoints Manesh Fernando as Area General Manager – Sri Lanka  

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October 16, 2019 11:01 am

Manesh Fernando, General Manager of Colombo’s leading five-star hotel, the Hilton Colombo, has been appointed Area General Manager – Sri Lanka overseeing the Hilton ...


Business activities affected by uncertain political environment

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October 16, 2019 08:54 am

Manufacturing activities expanded at a slower rate in September 2019, recording an index value of 54.7 which is a decrease of 1.9 index points, compared to August 2019, accordin...


Growth in South Asia slows down, rebound uncertain-World Bank

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October 14, 2019 02:48 pm

WASHINGTON - In line with a global downward trend, growth in South Asia is projected to slow to 5.9 per cent in 2019, down 1.1 percentage points from April 2019 estimates, casti...


Bhutanese state enterprise selects MTI for re-structuring

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October 14, 2019 09:49 am

The State Trading Corporation of Bhutan Ltd (STCBL), after a competitive international pitch, has selected MTI Consulting to help re-structure the organisation via an assignment...


Five forensic audit reports on bond scams ready by next month

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October 11, 2019 06:04 pm

Five out of six forensic audits into alleged Treasury bond scams and transaction of Rs. 2.2 trillion Employees’ Provident Fund (EPF) are nearing completion and those audit...


SL Central Bank retains current policy interest rates; no change

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October 11, 2019 09:37 am

The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on Thursday, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Faci...


SEC warns against bogus agents offering shares in int’l stocks 

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October 10, 2019 11:34 am

The Sri Lankan capital market regulator on Wednesday warned of a growing number of phone calls from agents of overseas based ‘brokers’ who target local shareholders,...


Change in SLFP Presidency confuses party organisers

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October 09, 2019 11:29 am

President Maithripala Sirisena’s decision to step down from the chairmanship of the Sri Lanka Freedom Party (SLFP) has created confusion and uncertainty in the party, p...


Altair raises $25 m via syndicated loan

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October 08, 2019 01:20 pm

A consortium of leading local banks, comprising the Bank of Ceylon, NDB Bank and National Savings Bank, has raised a syndicated loan of US$25 million (Rs 4.5 billion at current ...


Presidential Election gets hit by coconuts

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October 08, 2019 12:06 pm

Sri Lanka's one million coconut grower families dependent on the industry have been urged to vote for a future President who will have a national agricultural policy an...


ComBank upgrades ATM network to accept JCB cards issued worldwide

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October 07, 2019 11:45 am

The Commercial Bank of Ceylon has announced that worldwide holders of JCB (Japan Credit Bureau) Credit Cards can now withdraw money from the bank’s ATMs in Sri Lanka, offe...


31 presidential candidates so far in the fray

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October 04, 2019 05:27 pm

The number of candidates for this year’s Presidential election stands at 31 as of today (Friday), according to Mahinda Deshapriya, Chairman Elections Commission. M...


SL Culinary Food Expo in October

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October 03, 2019 07:05 pm

For the 19th occasion, the Chefs Guild of Sri Lanka is organising the internationally famed Culinary Art Food Expo 2019 on October 21, 22 and 23 at the BMICH, Colombo. A...


Central Bank rejects Moody’s assertion on recent interest rate cuts

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September 30, 2019 05:54 pm

Sri Lanka's Central Bank (CB) on Monday rejected assertions by rating agency Moody’s Investors Service that the recent interest rate cut was ‘credit negativ...


World Bank urges Sri Lanka to invest in human capital 

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September 30, 2019 11:19 am

The World Bank has urged Sri Lanka to invest in human capital in preparing for a new emerging world and gain success in today’s rapidly evolving knowledge economy.  ...


Fitch affirms Sri Lanka at 'B'; Outlook Stable

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September 30, 2019 11:13 am

Fitch Ratings has affirmed Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B' with a Stable Outlook. Sri Lanka's 'B' ratin...


Hayleys invests Rs. 2.3 bn post Easter Sunday disaster

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September 28, 2019 10:48 am

Hayleys PLC said on Friday it was investing over Rs.2.3 billion across the group following the tragic events of Easter Sunday “reiterating confidence in the country's ...


IMF reaches understandings on SL disbursement of EFF seventh tranche 

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September 25, 2019 12:15 pm

The International Monetary Fund (IMF) has reached an understanding with Sri Lankan authorities in completing commitments made to the lending agency and implementing all pending ...


SL Central Bank reduces interest rates by 2 per cent

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September 24, 2019 06:45 pm

The Monetary Board of the Central Bank on Tuesday decided to drop benchmark interest rates by 2 per cent to jumpstart Sri Lanka’s economy which slowed down after the Easte...


Minister taken aback on invitation to alcohol and tobacco event

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September 24, 2019 01:55 pm

  By Jayampathy Jayasinghe A Sri Lankan Minister on Monday expressed surprise at being invited to an event relating to alcohol and tobacco taxes and not bei...


Thomas Cook India: “We are not part of Thomas Cook UK”

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September 24, 2019 12:55 pm

Mumbai, September 21 -With the recent developments relating to the collapse of iconic British Travel Company, Thomas Cook PLC, Thomas Cook India Group said that it’s a ...


SL tourism promotion via private agency 

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September 23, 2019 06:08 pm

Prime Minister Ranil Wickremesinghe said on Monday that his government had agreed to a suggestion to establish a private sector run agency to conduct future promotions for touri...


UK's Thomas Cook goes bankrupt, thousands of tourists stranded

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September 23, 2019 11:07 am

Thomas Cook, the world's oldest travel firm, collapsed under a pile of debts on Monday, stranding hundreds of thousands of holidaymakers around the globe and setting off the...


Central Bank on Sinhaputhra Finance 

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September 19, 2019 07:19 pm

The Central Bank said on Thursday that it has provided an opportunity to Sinhaputhra Finance PLC (SINF) to implement “the proposed capital augmentation plan within the tim...


CIPM Sri Lanka to host World Human Resource Congress in 2020

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September 19, 2019 02:37 pm

It is seldom that a small country like Sri Lanka gets a chance to host a mega event such as holding the World Human Resource Conference in Colombo on July 6 to 8, 2020.  ...


Germany supporting Sri Lanka’s development efforts

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September 19, 2019 02:32 pm

Germany – the topmost industrialized country in the world with a trade surplus of Euros 230 billion - is increasingly supporting Sri Lankan industry. By Quintus ...


Visa says Sri Lanka records lowest Asia Pacific fraud rates 

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September 19, 2019 02:22 pm

Sri Lanka records one of the lowest fraud rates in the Asia Pacific region and worldwide in terms of making payments online, a top official at Visa International said today (Thu...


Central Bank cancels licence of failed TKS Finance Ltd

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September 19, 2019 01:10 pm

The Monetary Board of the Central Bank (CB) has decided to cancel the licence issued to crisis-hit TKS Finance Ltd (TKSF) with immediate effect – from September 19 as ther...


CB urges depositors to help find investor for failed TFC

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September 18, 2019 09:30 am

The Central Bank (CB) has extended its regulatory control on failed The Finance Company (TFC) for a further month from September 15 and urged depositors to cooperate with the re...




Top Stories

Kuliyapitiya road inundated in Nattandiya : Police

Travel along the Colombo - Kuliyapitiya road in the Nattandiya area has been affected after a section of the road was inundated by floods...

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Features & Analysis

Special screening programme for breast cancer at Early Detection Centre in Narahenpita

October is designated as ‘Breast Cancer Awareness Month’, worldwide. Cancer ranks amongst the leading thr...

The Wolf is back! ‘Big Bad Wolf Book Sale’ to get underway from tomorrow

The wolf is here with books for us to devour! The highly anticipated ‘Big Bad Wolf Sale’ which is open to...

Toyota's latest Rav4, Corolla and HIACE hit the streets

Toyota Lanka (Pvt) Ltd, the sole authorized dealer for Toyota vehicles and spare parts in Sri Lanka recently launched...

English Lit Societies of Ladies and STC present LitCon

The English Literary Societies of Ladies' College and S.Thomas' College Mt.Lavinia proudly present LitCon ...