Business

Lanka Property Show: Providing complete property solutions under one roof 

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January 31, 2019 10:56 am

Sri Lanka’s flagship real estate event of the year, the Lanka Property Show 2019 will return for the 4th successive instalment on February 9-10 at the Kingsbury Hotel&rsqu...


New postings to tourism state agency bodies on hold

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January 29, 2019 02:59 pm

The tourism industry was in a state of shock on Tuesday morning when the fresh appointments to the boards at Sri Lanka Tourism were called off at the eleventh hour. Most...


New project to protect Sri Lankan migrant workers

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January 29, 2019 01:27 pm

The need of the hour is to ensure safe passage and protection of Sri Lankan migrants to West Asia and while guiding them to choose the correct path when migrating, said the Mini...


Social enterprises, way forward for economic development

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January 29, 2019 10:56 am

In developing social enterprises a concerted and holistic intervention should be made to improve the areas of training, access to technology, financing and marketing and among t...


Foreign investment threshold in T-Bills and T-Bonds 

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January 28, 2019 10:11 am

The Monetary Board of Central Bank of Sri Lanka has decided to reduce the threshold of foreign investments in Treasury Bills and Treasury Bonds with effect from January 18 to&nb...


Estate workers agree to Rs.700 daily wage

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January 25, 2019 05:43 pm

Sri Lankan plantation sector workers' unions on Friday reached an agreement following hours of negotiations for Rs.700 as the basic daily wage and Rs. 50 as productivity inc...


Daily flights to Colombo by Thai Lion Air

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January 24, 2019 12:17 pm

Thai Lion Air will start direct, daily flights from Colombo to Bangkok from January 30. The flight is scheduled to take off from Colombo at 9.30 am and arrive at Don Mueang Airp...


Role of public servant during conflict applauded

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January 23, 2019 06:21 pm

The historical horrors of the ethnic conflict was reminisced, by a veteran, retired civil service officer in portraying the yeoman service rendered by the public officials in th...


Losses rise at SriLankan Airlines, Rs. 40 b in 9mths to Dec 2018 vs Rs. 11 b earlier

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January 23, 2019 12:46 pm

SriLankan Airlines says it has recorded a significant improvement in its performance, for the nine months ending December 2018 against the corresponding period in the previous y...


Lucille back on the job at the Tea Board

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January 22, 2019 09:05 am

Former chairman at the Sri Lanka Tea Board Lucille Wijewardena on Monday was re-appointed to the same position by Minister Navin Dissanayake following approvals. The min...


Malicious phishing attempt at impersonating SL Central Bank

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January 18, 2019 03:36 pm

The Central Bank of Sri Lanka (CB) said on Friday that a phishing attempt has been initiated targeting mainly the financial institutions of Sri Lanka and the phishing emails ...


Central Bank lends Rs 90 b to Govt. to settle loans

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January 17, 2019 10:48 am

The Central Bank (CB) has subscribed to Treasury bills (T-bills) amounting to Rs. 90 billion so far this month (January) at the request of the Treasury to assist financing needs...


SriLankan shifts London office

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January 16, 2019 04:27 pm

SriLankan Airlines has shut down its main office in London since last week and moved into a low cost location. Airline officials stated that the carrier had adopted cost...


Ailing rupee, price controls result in milk powder shortage

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January 16, 2019 03:54 pm

Reducing high import taxes on milk powder imports will not only mean cheaper milk for consumers, but also cheaper raw materials for downstream processors such as the biscuit or ...


IPS: Research Proposals for SK Memorial Research Grant

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January 16, 2019 11:58 am

The Institute of Policy Studies of Sri Lanka (IPS) is calling for proposals for the Saman Kelegama Memorial Research Grant 2019.   The Saman Kelegama Memorial Research ...


Sri Lanka targets 3 mn tourists this year

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January 14, 2019 01:17 pm

Tourism and Wildlife Minister John Amaratunga said on Monday that Sri Lanka expects tourist arrivals to top three million this year. Addressing the event held to launch ...


SLT employees to strike against its Chairman’s malpractices  

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January 14, 2019 12:55 pm

Sri Lanka telecom PLC (SLT)’s management is now in dire straits with its chairman P.G. Kumarasinghe Sirisena, (the President’s brother) maintaining the company provi...


Danish firm to set up Sri Lanka's first large-scale wind farm

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January 11, 2019 05:40 pm

Danish wind turbine manufacturer Vestas Wind Systems has secured an order to build Sri Lanka's first large-scale wind farm in Mannar, the Ceylon Electricity Board (CEB)...


Japan’s Serenity Lake Leisure to buy Hunas Falls 

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January 11, 2019 05:16 pm

Serenity Lake Leisure Private Limited, a Japanese company, will buy controlling shares of Hunas Falls Hotels PLC amounting to 66.2 per cent.  Hunas Falls Hotels PLC...


Reserve Bank of India provides $400 m to Sri Lanka’s foreign reserves

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January 09, 2019 08:13 pm

Sri Lanka's Central Bank on Wednesday announced that the Reserve Bank of India (RBI) has agreed to provide US$400 million under a swap arrangement to enhance the country&rsq...


‘WeChat Pay’ launched in Sri Lanka to help Chinese tourists 

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January 08, 2019 04:55 pm

Chinese tourists visiting Sri Lanka now have the added benefit of purchasing goods and services and paying for them through ‘WeChat Pay’ – one of the leading m...


Mastercard drops its iconic name on cards

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January 08, 2019 12:34 pm

Mastercard has announced that it is dropping its name from its iconic brand mark in select contexts.  “The interlocking red and yellow circles, referred to as...


Standard Chartered Sri Lanka appoints first local CEO  

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January 05, 2019 10:47 am

Global bank, Standard Chartered has appointed its first Sri Lankan Chief Executive Officer (CEO), Bingumal Thewarathanthri effective January 1, 2019.  He takes over...


Suspension of PTL business extended

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January 04, 2019 05:25 pm

The Central Bank on Friday extended the suspension of business on primary dealer, Perpetual Treasuries Limited (PTL) for a further six months effective from January 5. I...


Sri Lanka Police seek volunteers for community policing initiative

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January 03, 2019 12:53 pm

Sri Lanka Police sent out a public appeal on Thursday seeking ‘dedicated’ volunteers to join Community Policing Committees across the country, seen as an effort to r...


Property giant LankaPropertyWeb.com acquires Lamudi.lk

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January 03, 2019 11:37 am

Sri Lanka’s leading property portal LankaPropertyWeb has announced the acquisition of the country’s no.2 property portal lamudi.lk, firmly establishing the compan...


Cathay Pacific makes good on first-class ticket blunder 

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January 03, 2019 10:33 am

HONG KONG, REUTERS, Jan 3 - Cathay Pacific Airways said it would guarantee thousands of first and business-class flights sold at huge discounts after a ticketing error, calling ...


PM to pick tourism agency heads this evening

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January 02, 2019 02:04 pm

Prime Minister Ranil Wickremesinghe is to decide on the new appointments to be made to the respective tourism state agencies this evening (Wednesday). Tourism and Wildli...


New coins for the New Year

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January 01, 2019 11:40 am

New coins in the denomination of Rs 1, Rs 2, Rs 5 and Rs 10 have been issued for 2019 by the Central Bank. These coins can be obtained from any commercial bank bran...


Changing of the guard: John Keells Holdings

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January 01, 2019 10:49 am

With the retirement of Chairman Susantha Ratnayake on December 31 after four decades of service at John Keells Holdings (JKH), Krishan Balendra has assumed duties as the new Cha...




Top Stories

UK warns against moves to implement death penalty

The UK foreign office has warned that Sri Lanka would lose its global reputation as a tourist and business hub if the death penalty is implemented ...

26 June 2019 - Views : 21

AG agrees to amend indictments against former Defence Sec. Gotabhaya

26 June 2019

Education Ministry official denies revealing details on school text books before PCoI

26 June 2019

Indian fishing vessels seized off Delft Islands

26 June 2019



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Features & Analysis

A helmeted mass

When I applied to cover the religion beat, I never thought I’d have to wear a helmet to do my job. But ...

Army personnel complete Chemical Biological Radiological and Nuclear (CBRN) training

The Sri Lanka School of Military Engineering at Embilipitiya as a supportive follow-up of the 7th Army to Army Staff ...

Monthly lecture of the Wildlife and Nature Protection Society on Climate Change and our responsibility

The monthly lecture of the Wildlife and Nature Protection Society will take place today at the BMICH on the them...

Ministry of Crab to hold fundraiser for Easter victims at Shangri-La Hotel at The Shard in July

Ministry of Crab, will hold a fundraiser for victims of this year’s Sri Lanka attacks with a charity pop-up res...



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