Business

Eco Friends: a recycling waste management solution for Sri Lankan households 

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April 29, 2019 12:01 pm

Eco Friends is the newest entrant in the environmental waste management industry, seeking to change the way recyclable waste is collected from Sri Lankan households.  ...


Ceylinco Life policyholders to receive record Rs. 5 bn as annual bonuses

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April 29, 2019 10:26 am

Ceylinco Life has announced annual bonuses totalling a record Rs. 5 billion to some 300,000 policyholders from the surplus generated by the company’s Life Fund in 2018,...


SriLankan Airlines postpones AGM

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April 29, 2019 10:02 am

The Annual General Meeting and the Extraordinary General Meeting of national carrier SriLankan Airlines, scheduled for Tuesday April 30, has been postponed, the airline said ...


Ceylinco General Insurance pays advance of $1 mn to Shangri-La Hotel Colombo

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April 26, 2019 05:04 pm

Ceylinco General Insurance in collaboration with Chubb Insurance of USA paid an advance of US$1 million to Shangri-La Hotel Colombo on Thursday April 25, just four days after th...


UPDATED: Bomb-affected Cinnamon Grand accepts new bookings

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April 26, 2019 11:07 am

Bomb-affected Cinnamon Grand, Colombo has commenced taking new bookings from April 22 onwards and all its restaurants - excluding those in the affected area on the lower ground ...


Sri Lanka can ‘no longer’ postpone economic reforms, Central Bank says

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April 25, 2019 06:15 pm

Sri Lanka can no longer afford to postpone its reforms agenda, if it is to progress along a high and sustainable growth trajectory over the medium term and catch up with countri...


Bomb-affected Kingsbury re-opens tomorrow

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April 24, 2019 06:55 pm

Kingsbury Hotel, Colombo, one of three hotels devastated by suicide bombers in the Easter Sunday carnage, is opening its doors to normal operations tomorrow (Thursday). The hote...


Inflation rises in March 

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April 23, 2019 06:16 pm

Sri Lanka’s headline inflation, measured by the year-on-year change in the National Consumer Price Index (NCPI), increased to 2.9 per cent last month from 2.4 per cent in ...


Sri Lankan exporters denounce extremism in all forms

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April 23, 2019 04:16 pm

Sri Lanka's National Chamber of Exporters (NCE) on Tuesday denounced in one voice the “extremist and barbaric acts of a group of terrorists” which has shake...


Sri Lanka women’s chamber urges unity, acting responsibly 

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April 23, 2019 03:58 pm

The Women’s Chamber of Industry and Commerce on Tuesday urged all Sri Lankans to stand united, to act responsibly and to support all authorities to restore law and order i...


CSE trading resumes on Tuesday

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April 23, 2019 12:59 pm

  The Colombo Stock Exchange in consultation with the Securities and Exchange Commission of Sri Lanka started trading and related market operations on Tuesday...


COYLE condemns terrorist attacks, condoles with victims

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April 23, 2019 11:00 am

The Chamber of Young Lankan Entrepreneurs (COYLE), on Tuesday, “unequivocally condemned the recent terrorist attacks on churches and hotels in our motherland”. ...


‘Silence’ at Colombo stock market

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April 23, 2019 09:42 am

The Colombo Stock Exchange will be observing a minute’s silence on Tuesday morning when trading resumes at local 10.30 am as a mark of respect to the victims of the tragic...


Sri Lanka’s business community condemns attacks, urges unity, to stay calm

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April 22, 2019 02:43 pm

Sri Lanka’s business community has condemned Sunday’s acts of terror which killed more than 290 people and created havoc at three churches and three luxury hotels, a...


Colombo stock market resumes trading on Tuesday

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April 22, 2019 02:22 pm

After a day-long closure on Monday owing to devastating bomb blasts in the capital (Colombo) and outside on Sunday, the Colombo Stock Exchange said trading will resume on Tuesda...


Shangri-La, Kingsbury hotels shut until further notice

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April 22, 2019 01:12 pm

Shangri – La Hotel Colombo on Monday said it was closing until further notice after devastating bomb attacks on the hotel and two others – Cinnamon Grand and Kingsbu...


CSE says won't be open for trading at regular time tomorrow

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April 21, 2019 11:21 pm

The Colombo Stock Exchange (CSE) has said that it would not be open for trading at the regular time on Monday  (Apr 22). A communication is to follow on the resumption of t...


Sri Lanka's chambers shocked by the ferocious Easter Sunday attacks

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April 21, 2019 05:07 pm

Several chambers of commerce, including Sri Lanka’s main Ceylon Chamber of Commerce, in a joint statement on Sunday said it was “shocked and deeply saddened by the m...


All domestic flights in Sri Lanka suspended after multiple blasts

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April 21, 2019 02:40 pm

Airport authorities said today that they have issued the highest level of threat to all airports both domestic and international in Sri Lanka following a spate of blasts this mo...


Tourism, early casualty from Sri Lankan blasts

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April 21, 2019 01:13 pm

At least five foreigners were among at least 138 killed in morning blasts in three churches and three Colombo 5-star hotels on Sunday, according to government sources while tour...


Sri Lanka’s Hambantota Port positioned as region’s Bunkering Hub

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April 16, 2019 12:42 pm

The Hambantota International Port (HIP) recently awarded a tender to Sinopec Fuel Oil Sales Co Ltd for oil trading works and the operation and maintenance of their oil tank term...


ComBank first in Sri Lanka to offer global Wi-Fi to World Mastercard holders 

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April 16, 2019 10:07 am

Commercial Bank of Ceylon has become the first bank in Sri Lanka to offer access to over one million Boingo Wi-Fi hotspots worldwide at no additional charge to holders of World ...


Singapore-based firm buys Nahil’s Marriott Weligama hotel

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April 12, 2019 01:34 pm

A Singapore-based firm has acquired businessman Nahil Wijesuriya’s Marriott Weligama hotel at a purchase price of US$22.6 million, it was announced on Thursday. In...


Mangala Yapa appointed as new BOI Chairman

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April 11, 2019 11:51 am

Mangala P B Yapa has been appointed as the Chairman of the Board of Investments (BOI), the President's Media Division said. Mr. Yapa accepted his appointment at the ...


Uber assures driver safety from errant riders

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April 10, 2019 07:36 pm

Uber now rates passengers to ensure safety of its drivers and has updated its guidelines on how both parties need to respect each other for a good riding experience. Saf...


Discussion on a ‘basic monthly wage’

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April 10, 2019 07:29 pm

A lively open discussion was held on Tuesday at the ‘Hatch’ in Colombo Fort organized by ‘Advocata’ on the topic ‘Should the government give Sri...


100 MW floating solar power plant to ease power shortage

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April 09, 2019 07:38 pm

A 100 MW floating solar power plant is to be built at the Maduru Oya reservoir with Canadian assistance as a remedy to power outages during drought periods, Power and Energy Min...


Rs 100,000 bonus for Pulmoddai miners   

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April 09, 2019 03:59 pm

With the state-controlled mining operation reporting huge profits last year, workers of Sri Lanka’s premier mineral sands company won a bonus of Rs 100,000 each on Monday....


Central Bank to reduce commercial bank lending rates  

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April 09, 2019 09:07 am

The Central Bank (CB) will be taking necessary action to accelerate private sector growth considering it as an immediate priority by reducing high lending rates at banks when gr...


CB offers SMS/ Email Alert Service for investors in Government Securities 

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April 09, 2019 09:03 am

The Central Bank (CB) has introduced an SMS/ Email Alert Service to enhance the awareness of investors in the Government Securities, CB Governor Indrajit Coomaraswamy announced ...






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Features & Analysis

In Pictures: Vesak celebrations

Though security considerations in the aftermath of the Easter Sunday terrorist attacks led to the cancellation o...

Gamini Dissanayake Foundation opens new Head Office in Kollupitiya

The Gamini Dissanayake Foundation opened its new Head Office at the first floor of the Blue Ocean Apartment building ...

Sri Lankan High Commission in UK hosts reception for national cricket team

The Sri Lankan High Commission in London, recently hosted a reception for the Sri Lankan cricket team in the UK that ...

Elections Commission extends deadline to accept entries for PAURA short film festival

The deadline for accepting short film entries for the 'PAURA' Short Film Festival organised by the Elect...



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