Business

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...


Central Bank retains interest rate levels

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July 12, 2019 12:20 pm

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


Air tickets from 35 travel agents on Easy Payment Plans for ComBank Credit Card holders

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July 10, 2019 10:47 am

The Commercial Bank of Ceylon has partnered with 35 leading travel agents to offer the Bank’s Credit Card holders a purse-easy travel experience by purchasing airline tick...


Cabinet to consider free visa, visa on arrival

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July 09, 2019 01:06 pm

The government is considering reviving the recently suspended free visa and visa on arrival to a number of countries except India and China. Tourism Development Minister...


Mitra Innovation expands with new regional office in Singapore

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July 09, 2019 12:24 pm

Mitra Innovation, a fast growing UK technology solutions provider with a global footprint, specialising in digital transformation, cloud enablement, and software development, ha...


Access marks 30 years in business and growth

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July 09, 2019 10:06 am

Access, one of Sri Lanka’s leading conglomerates since beginning operations as the sole agent for Konika photocopiers in the country back in 1989, celebrated 30 years this...


Jaffna’s cinema halls struggle for viewers

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July 08, 2019 11:25 am

Some cinema halls in northern Jaffna have reduced their ticket fare after the Easter Sunday attacks. Reason: Few people are patronising cinemas.  Cinemas have reduc...


International Trainer Dr. Howard Nicholas to share insights on global economic trends

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July 05, 2019 05:29 pm

Organized by ETIS Lanka, ‘The Current State and Future Direction of the Global and Sri Lankan Economies’ is a seminar conducted by Dr. Howard Nicholas – Senior...


Call for development journalists to be ethical writers

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July 04, 2019 09:16 am

An earnest appeal was made this week to all the journalists to be ethical and responsible writers, different from the present way of writing which appears to be politicised. ...


More travellers visited Sri Lanka in June

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July 03, 2019 04:02 pm

Tourist visiting Sri Lanka increased in June compared to the previous month but continued to be a drop from last year figures for the same month. The sharp drop is mainl...


Ceylon Chamber urges transparency on disputed US agreements

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July 03, 2019 03:56 pm

A top Sri Lankan business chamber on Wednesday entered the debate of disputed agreements with the United States which has triggered concern that it opens the doors to US troops ...


SriLankan Airline’s corporate offices relocated to Katunayake from Colombo

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July 03, 2019 01:54 pm

SriLankan Airlines has decided to relocate all its corporate offices in the World Trade Centre, Colombo to its main operational hub in Katunayake. “The management ...


‘Sri Lanka – Germany fast-track dialogue’ with German investors in Sri Lanka

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July 02, 2019 01:55 pm

The Sri Lanka – Germany Fast Track Dialogue was held recently at the Ministry of Development Strategies and International Trade with the objective of addressing central is...


Panasian Power reports 50 % net profit, its’ highest ever

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July 02, 2019 01:47 pm

Panasian Power PLC, one of Sri Lanka’s leading green energy solutions providers, has posted a consolidated net profit of Rs. 90 million for the quarter ending March 31, 20...


Japan okays travel to Sri Lanka

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July 02, 2019 11:35 am

Japan has relaxed its travel advisory imposed refraining its citizens from holidaying in Sri Lanka in the wake of the Easter Sunday attack...


Positive Sri Lanka initiative aims to jumpstart economy

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July 01, 2019 12:27 pm

Bringing together the community to collaborate in a unique initiative, the campaign, Positive Sri Lanka, is urging businesses, big and small, to participate in generating positi...


MTI in USA for Strategy ‘Imple-mentoring’ Project

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July 01, 2019 12:19 pm

MTI’s International team was recently in Colorado, US for a strategy imple-mentoring project with organic tea company Teatulia.  Colorado-based Teatulia US has launch...


Emirates unveils special Business Class fares from Colombo

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July 01, 2019 12:11 pm

  Business travellers from Sri Lanka can now sample the premium Emirates Business Class product with substantial savings, thanks to the airline’s launch of special ...


ComBank to provide loan facilities to staff of Bank of China Colombo Branch

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June 28, 2019 01:20 pm

The Colombo Branch of the Bank of China Ltd signed a Memorandum of Understanding (MOU) with the Commercial Bank of Ceylon, paving the way for Commercial Bank to provide loan fac...


US-based investment giant TPG reaffirms long-term commitment to Union Bank

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June 28, 2019 09:59 am

Union Bank’s major shareholder Culture Financial Holdings Ltd, through which US-based investment banker TPG which holds 70 per cent of bank shares, has informed that they ...


EU calls death penalty “cruel punishment”

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June 27, 2019 06:56 pm

The European Union issuing a statement today (Wednesday) called the resumption of the death penalty  a “cruel, inhuman and a degrading punishment.” In t...


Highest tea crop in five years produced in May

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June 27, 2019 11:49 am

Ceylon Tea has recorded the highest production levels in five years for May this year achieving 34.1 million kg. The crop recorded a five per cent increase over 32.5 mil...


Dialog technological partner for Colombo Touch Parking Card Project 

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June 26, 2019 02:40 pm

Dialog Axiata PLC recently announced its entry as the exclusive technological partner for the launch of the Touch Parking Card, launched by Tenaga Car Parks Pvt Ltd in a public-...


Sri Lanka strengthens its climate resilience 

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June 26, 2019 12:22 pm

WASHINGTON —The World Bank on Wednesday approved a US$310 million loan to reduce and mitigate flood risks in the lower Kelani basin in Colombo and improve weather forecast...


Two investors taken to court over market manipulation 

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June 26, 2019 11:34 am

The Securities and Exchange Commission of Sri Lanka (SEC) has filed action in the Magistrate’s Court, Colombo Fort against two investors on charges of market/price manipul...


Sri Lanka launches National Card Scheme

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June 25, 2019 11:21 am

Sri Lanka’s Central Bank (CB) together with LankaClear (Pvt) Ltd (LCPL) this week achieved a significant milestone in the country’s payment landscape by launching th...




Top Stories

Sri Lanka’s strategic location is important for foreign businesses

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Features & Analysis

Darshani Arulanandam's tribute performance to poet Subramanya Bharathi

The Swami Vivekananda Cultural Centre (SVCC), High Commission of India, Colombo, will be Organizing an evening of Bha...

Otara among 25 chosen personalities to name endangered baby gorillas in Rwanda

Sri Lankan entrepreneur, Otara Gunewardene was invited by the Rwandan Government as an honorary guest to name a ...

Environmentalists, conservationists gather for tropical biodiversity conference in Sri Lanka

The 12th Asia-Pacific Chapter Meeting of the Association for Tropical Biology and Conservation (ATBC) got underw...

Shakespeare Drama Competition to get underway this month

The All Island Inter-School Shakespeare Drama Competition is back for the 46th year. The competition is organize...



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