Business

Controversial oil refinery funds through proper channels

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March 28, 2019 03:08 pm

Foreign Direct Investment brought into Sri Lanka, including the oil refinery project in Hambantota, is channeled through the approved local banking system through Inward Investm...


SriLankan Airlines to increase frequencies to Tokyo

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March 27, 2019 11:58 am

SriLankan Airlines, one of the first carriers to fly to Tokyo’s Narita International Airport, is celebrating 35 years of flying to Narita by increasing its number of frequ...


PUC: “Inform us of unscheduled power cuts” 

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March 25, 2019 10:41 am

Sri Lanka’s Public Utilities Commission (PUC) on Monday urged the public to inform the Commission if there are power interruptions in the country without prior notice. ...


Inflation rises in February 

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March 21, 2019 08:36 pm

Headline inflation in Sri Lanka as measured by the year-on-year change in the National Consumer Price Index (NCPI, 2013=100)1 increased to 2.4 per cent in February from 1.2 per ...


BOI responds to oil refinery project; says Oman Oil Company registered "firm intention" to participate in equity

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March 21, 2019 02:38 pm

The Board of Investment (BOI) issuing a statement said they were not aware of an agreement in terms of equity arrangements being signed by Oman's Oil and gas Ministry a...


Sri Lanka to discuss Draft National Policy on LNG 

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March 21, 2019 11:49 am

The Ministry of Highways & Road Development together with the Petroleum Resources Development has developed the draft national policy on natural gas with a view to establish...


Massive admissions fraud at top US schools

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March 13, 2019 07:42 pm

US federal prosecutors have charged Hollywood actors Felicity Huffman and Lori Loughlin, along with almost 50 other people, over a $25m scheme to help wealthy Americans buy thei...


Transforming plastics through a circular economy

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March 13, 2019 03:03 pm

Though plastics is called a  monster, it’s a life sustenance substance and today the plastics industrialists are striving to turn it the other way around – &lsq...


Sri Lanka to remove another 1000 para-tariffs under trade liberalisation

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March 13, 2019 02:56 pm

Sri Lanka is implementing comprehensive unilateral trade liberalisation including the rationalization of para-tariffs which add costs to business and consumers.  Pa...


CSE delists six troubled companies

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March 13, 2019 11:08 am

The Colombo Stock Exchange (CSE) has delisted the securities of six companies attributing several reasons for the move including the firms being under liquidation. The c...


INSEE Puttalam Cement Plant celebrates 50 years

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March 13, 2019 10:57 am

Sri Lanka’s premier cement producer, Siam City Cement (Lanka) Ltd, also known as INSEE Cement, is celebrating another proud milestone in the company’s history whe...


Flexicare Group sets up medical consumables and devices manufacturing plant in Bandaragama

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March 11, 2019 02:44 pm

Flexicare Lanka (Pvt)Ltd., a fully owned subsidiary of Flexicare Group, U.K. will establish a state of the art modern manufacturing facility in Bandaragama with a total inv...


Bold steps by Sri Lanka to reduce fiscal and economic risks-Fitch

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March 11, 2019 11:21 am

Sri Lanka's agreement with IMF staff on the fifth review and extension of its programme, together with its recent budget targeting medium-term fiscal consolidation, are step...


Women need to acquire skills in STEM disciplines

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March 08, 2019 12:26 pm

The aim is to uplift and encourage young women to pursue leadership roles and careers when data shows that women are globally under-represented in disciplines like science, tech...


Sri Lanka launches bond sale, orders top $3 bln - term sheet

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March 07, 2019 04:56 pm

Sri Lanka launched the sale of US dollar-denominated bonds on Thursday and orders topped $3 billion, according to a term sheet seen by Reuters. It was not immediately cl...


Achieving a sustainable future for Sri Lanka

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March 07, 2019 01:49 pm

Achieving a Sustainable Sri Lanka Vision and Strategic Plan by 2030 ensuring peace, harmony, inclusive reconciliation, social justice and security in following the middle path b...


So Sri Lanka at ITB, global promo onto cabinet

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March 04, 2019 04:15 pm

So Sri Lanka continues to gather momentum at the ITB travel fair on Wednesday (March 6) when it kicks off with the campaign set to showcase a film capturing the wildlife of...


IMF agrees to extend Sri Lanka loan program, disburse delayed tranche - sources

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March 01, 2019 10:35 am

The International Monetary Fund has agreed to extend Sri Lanka’s $1.5 billion loan program by one year and has reached staff level agreement to disburse the sixth tranche ...


Rajiva Senaviratne, Gamini Wijeratne receive top posts at Sri Lanka Sugar Company

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February 28, 2019 03:08 pm

Rajiva Senaviratne and Gamini Wijeratne were appointed as the Chairman and the Chief Executive Officer of the Sri Lanka Sugar Company yesterday (Feb 27). ...


Major breakthrough in transforming garbage to energy 

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February 27, 2019 11:15 am

A major breakthrough for the domestic garbage issue is in the offing owing to second year student of the Food Science Department, Peradeniya University – Lahiru Sandaru...


LOLC joins the trillion club

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February 25, 2019 11:25 am

The LOLC Group has crossed the Rs. 1 trillion mark with total assets reaching Rs 1.008 trillion as at December 2018, the company announced on Monday.  “This s...


Commercial Bank ends 2018 with solid performance

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February 25, 2019 10:39 am

The Commercial Bank of Ceylon PLC has reported an operating profit of Rs. 31.6 billion for the year ended 31st December 2018, reflecting a growth of 12.8 per cent before taxes o...


Packsco acquires CIAL business assets

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February 25, 2019 10:37 am

Enabled by MTI Corporate Finance, Packsco (a long standing player in Sri Lanka’s stationery business) has acquired the stationery business assets of CIC’s stationery...


Central Bank suspends new deposit acceptance by The Finance Co.

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February 15, 2019 12:45 pm

The Central Bank (CB) on Friday suspended the acceptance of new deposits, placed restrictions on withdrawal of deposits and restricted disbursement of loans and advances to faci...


More opportunities for citizens to engage the Government

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February 14, 2019 09:01 am

More opportunities are required for citizens to participate in government activities at the grassroots level, said Prime Minister Ranil Wickremesinghe the launch of ‘Citra...


Govt. promises Rs 50 wage hike for estate workers

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February 13, 2019 12:15 pm

The Government has agreed to pay the estate workers an increase in wages by Rs 50. Plantation Minister Navin Dissanayaka told reporters on Wednesday that the government has...


Central Bank on sale of subsidiaries, etc of ETI Finance Ltd

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February 12, 2019 09:05 am

The Central Bank of Sri Lanka (CBSL) has said that there is “some misinformation circulating pertaining to ETI Finance Ltd (ETIF) disposing its subsidiaries, sub-subsidiar...


Central Bank urges public to use EMV cards at ATMs

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February 06, 2019 07:23 pm

The Central Bank (CB), reacting to reports of illegal withdrawals from ATMs over the weekend, on Wednesday urged the public to use electronic chip (EMV) enabled cards. &...


Kishu Gomes to head key tourism agencies

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February 06, 2019 02:41 pm

Tourism Development and Wildlife Minister John Amaratunga on Wednesday handed over the letter of appointment to Kishu Gomes to head two key tourism institutions. The pos...


Fitch Ratings: Recalibration of Sri Lanka National Rating Scale

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February 05, 2019 10:22 am

Fitch Ratings said on Tuesday that it will recalibrate the Sri Lankan National Rating scale to reflect changes in the relative creditworthiness among Sri Lankan issuers followin...




Top Stories

Applications for admission of Grade One students available from today

The circular and application forms to admit Grade One students to national schools in 2020 will be made available from today (May 27...

27 May 2019 - Views : 6

Complaints against Rishad, Hizbullah handed over to CID

27 May 2019

Complaints against Kurunegala doctor can be filed at CID - Police

27 May 2019

Traffic lane rules to be in effect from today

26 May 2019



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Features & Analysis

The Workshop Players present "The Power of Theatre: Artistry, Entertainment and Social Commentary"

The Lionel Wendt Memorial Fund, in collaboration with The Workshop Players of Sri Lanka, presents “The Power of...

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 ...



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