Business

Cathay Pacific Airways CEO Rupert Hogg resigns amid mounting Chinese scrutiny

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August 16, 2019 04:22 pm

HONG KONG/SINGAPORE (Reuters) - Cathay Pacific Airways said CEO Rupert Hogg has resigned in a surprise announcement, amid mounting Chinese regulatory scrutiny of the Hong Kong f...


Sri Lanka failing in good governance issues

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August 16, 2019 12:47 pm

Sri Lanka is miserably failing to restore the valiant democratic principles to create ‘good governance’ which was claimed to be achievable, at least when compared to...


​​​​​Provincial Council elections to precede the Presidential poll

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August 12, 2019 02:35 pm

Sri Lanka’s Provincial Council elections are expected to precede the Presidential poll to test the pulse of the people, according to a directive issued by President Maithr...


IT graduates employed have risen by more than 50% in 4 years

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August 07, 2019 07:09 pm

For the forthcoming presidential elections, the United National Party (UNP) will not ask the people to vote for an individual, but for an intelligent leadership led by an indivi...


Applications called for CA Sri Lanka’s 55th Annual Report Awards 

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August 07, 2019 11:06 am

To honor the best Annual Report masterpiece produced in the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is now accepting applications for its 55t...


Top economist appointed to Sri Lanka’s Monetary Board 

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August 07, 2019 09:55 am

Top economist, Dr (Ms) Dushni Weerakoon has been appointed as a member of the Monetary Board of the Central Bank of Sri Lanka with effect from July 29, 2019.  Dr. W...


Best Corporate Citizen awards from Ceylon Chamber

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August 06, 2019 11:10 am

The Ceylon Chamber of Commerce recently conducted the preliminary briefing on the application process of the Best Corporate Citizen and Sustainability Awards (BCCS) 2019. ...


HSBC axes CEO Flint after only 18 months in role to speed up growth

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August 05, 2019 02:49 pm

HONG KONG/LONDON (Reuters) - HSBC  ousted Chief Executive Officer John Flint after just 18 months in that role, in a surprise move that the lender’s chairman said was...


Central Bank urges customers to be cautious when making e-payments

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August 01, 2019 11:42 am

The Central Bank (CB) on Thursday urged customers of financial institutions to ‘adhere to adequate safety measures’ when making e-payments. Customers should ...


PM assures tourists safe travel in Sri Lanka

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July 31, 2019 12:55 pm

Prime Minister Ranil Wickremesinghe on Wednesday assured foreign travellers that the government has taken all "necessary precautions" by beefing up border security amo...


President, PM attacks loss-making SOEs saying they are swallowing public funds

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July 31, 2019 12:43 pm

President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe on Tuesday lambasted loss-making state enterprises such as SriLankan Airlines, Railway, Ceylon Electricity...


Seylan Bank records Rs. 3.4 b PBT during 1H 2019

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July 31, 2019 11:31 am

Seylan Bank has recorded a steady performance with pre-tax profit (PBT) reaching Rs. 3,476 million for the six months ended 30th June 2019 against the Rs. 2,996 million reported...


Govt. reduces airline costs at BIA

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July 30, 2019 07:16 pm

Sri Lankan authorities have initiated measures to reduce costs of airline operations and also reduce airfares to the country for a period of six months from August 1. In...


Jinadasa Group exits logistics industry with sale of Califolink

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July 30, 2019 11:35 am

Califolink Logistics (CLL), the logistics arm of the Jinadasa Group, was recently acquired for an undisclosed sum by Ceyline Holdings. The integrated logistics company, which ha...


Hayleys ordered to re-ship controversial cargo by Aug. 12

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July 26, 2019 10:49 am

The Board of Investment (BOI) has instructed the Hayleys Free Zone Ltd (HFZL) to “prudently resolve and re-export of the remaining cargo” on or before August 12. ...


John Keells’ Transportation, Consumer Foods and Retail groups witness strong growth momentum

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July 25, 2019 05:21 pm

John Keells Holdings PLC reported a 5 per cent growth in group revenue during the first quarter of the year (2019/20) of Rs.31.74 billion compared to the Rs.30.16 billion record...


Elephant House launches fresh milk into the market

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July 25, 2019 11:51 am

Elephant House Beverages recently re-launched fresh milk adding more variety to the wide product portfolio thus catering to the tastes of its many consumers. Fresh milk ...


Govt. focus on more exports, more FDI

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July 23, 2019 04:30 pm

The government is focused on improving exports and increasing the foreign direct investments (FDIs) as they don't believe in borrowing every year, International Trade Minis...


Union Bank records strong growth of 52% in pre-tax profit in 1H19

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July 23, 2019 04:24 pm

Union Bank concluded a strong first half, recording significant growth in core banking revenue with resultant profits before all taxes of Rs. 849 million, amidst challenging mar...


Sri Lanka facing a crisis of confidence - business leader

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July 23, 2019 12:04 pm

“Businesses playing a role in regaining and sustaining Sri Lanka’s economic resurgence is of great relevance, especially as the country is experiencing a feeling of ...


Hayleys denies garbage import allegations

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July 22, 2019 06:40 pm

Hayleys Free Zone Ltd, a subsidiary of Hayleys Advantis PLC on Monday firmly refuted allegations that they imported garbage to Sri Lanka. At a media conference in Colomb...


JKH 3-mths ending June ’19 results on Thursday

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July 22, 2019 11:55 am

John Keells Holdings (JKH) said on Monday that it would be releasing its interim financial results for the 3-month period ending June 2019 on the afternoon of Thursday July 25. ...


BOI to take action against firm that imported waste

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July 19, 2019 03:17 pm

The Board of Investment (BOI) has decided to take stern action against a company that has failed to re-export goods as agreed to with a view to concluding this matter expeditiou...


40 % discounts on SriLankan Business Class air tickets

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July 19, 2019 03:06 pm

SriLankan Airlines has launched ‘SriLankan Travel Fest’ offering discounts of 40 per cent on Business Class to over 35 destinations when booked through its online ch...


CB urges banks, fincos to reduce interest rates

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July 19, 2019 02:34 pm

The Central Bank (CB) on Friday said that it expects lending rates of banks and NBFIs (finance companies) to reduce further in the immediate future, and borrowers, particularly ...


Global tea campaign to kick off in September

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July 19, 2019 01:39 pm

The US$50 million global tea promotion campaign is set to kick off in September this year, Plantation Industries Minister Navin Dissanayake said. He told a media briefin...


Ceylon Tea exports to Iran from next month

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July 19, 2019 01:38 pm

Sri Lanka has worked out a barter system of trading in tea for oil to Iran that is to commence from next month. Plantation Industries Minister Navin Dissanayake said. Th...


BOI inks agreement with edotco to equip Sri Lanka with Smart City Solutions

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July 17, 2019 11:41 am

The Board of Investment (BOI) of Sri Lanka and edotco Sri Lanka, an integrated telecommunications infrastructure services company on Wednesday entered into an agreement to inves...


Public Utilities Commission and Moratuwa University to create low income housing model

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July 17, 2019 10:15 am

The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, on Monday signed a Memorandum of Understanding (MoU) with the University of Moratuwa to c...


UMW acquires Bavarian Auto Services 

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July 15, 2019 01:25 pm

Sri Lanka’s leading multi-brand workshop, Ultimate Motorworks Ltd (UMW) announced a drastic expansion to its ability to provide specialised auto servicing solutions for th...




Top Stories

Discussion on DNF alliance concludes

A discussion on the proposed Democratic National Front alliance ended today (Aug 16). The meeting had taken place at the residence of ...

17 August 2019 - Views : 90

Body of a baby recovered from Castlereigh reservoir

17 August 2019

Colombo - Hanwella road closures due to perahera

17 August 2019

Ex-chief JMO issued summons over Thajudeen killing

17 August 2019



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Features & Analysis

'Strings of Harmony' : Celebrations to mark the 73rd Independence Day of India

‘Strings of Harmony’ – a Santoor Jugalbandi by Pandit Shiv Kumar Sharma and his son Pandit Rahul Sh...

Sri Lankan Handicrafts Day in Beijing

The Embassy of Sri Lanka in Beijing in collaboration with the International Bamboo and Rattan Organization (INBAR), o...

Day three of Swim Week Colombo, a colourful finale

The last day of CFW Swim Week Colombo took place at Shangri La Hotel Ballroom recently. There was an excitement that ...

In Pictures : Randoli Perahera dazzles

The first Randoli Perahera of the historic Esala Perahera paraded the streets of Kandy during the weekend. A ...



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