Business News

15 July, 2019

News from Sri Lanka: Business ISM APAC, a leading global software development company marking its fifth year of operations in Sri Lanka, was recently bestowed with a Great Place to...

CSE Anuradhapura Branch Manager Tharaka Amarasena recognized by Toastmasters International

13 July, 2019

Tharaka Amarasena, the Manager of the Colombo Stock Exchange (CSE) Anuradhapura Branch was recently recognized by Toastmasters International as its District 82 Toastmaster of the year for 2017/18. The award...

Macroeconomic fundamentals 4th Q growth to be favorable: Governor Dr. Indrajith Coomaraswamy

11 July, 2019

Central Bank Governor Dr. Indrajith Coomaraswamy told a group of exporters yesterday the country’s macroeconomic fundamentals are in pretty good shape and the fourth quarter growth would be favorable.“We have...

In the context of the industry crisis, Waters Edge records profit

Waters Edge has recently announced its profit for June 2019, which reveals that despite the problems encountered in the local tourism and hotel sectors by the significant decrease of arrivals...

' Support for women '

Alaina B. Teplitz, the U.S. Ambassador to Sri Lanka and the Maldive, said in her speech yesterday that "Each of us would do more to empower females around us by,...

With its fresh office in Great Britain, Mitra Innovation extends

Mitra Innovation, the first UK firm to have been appointed a WSO2 Premier Certified Partner, opened a regional office in Singapore, a quick increasing supplier of UK Technology services with...

The 37th AGM of MBSL is highly significant

At the Galadari Hotel in Colombo in the presence of 300 shareholders, the Merchant Bank of Sri Lanka and Finance PLC (MBSL) held its 37th Annual General Meeting on 25.06.2019....

Merchant Bank of Sri Lanka mCash partners

An exchange between the Chief Executive Officer of Nalin Perera, Mobitel and Jude Gamalath Chair of MBSL and Finance for the partnership agreement is to be concluded. MBSL & Finance's...

Overnight target rate of Sri Lanka decreased 84 bp since floor rate decreased

The central bank of Sri Lanka supported overnight prices at around twenty basis points above its policy level, which on 31 May fell 50 basis points and, from the last...

HNB deals with the worldwide Spider Man screening: Far From Home

HNB has partnered in a collaboration with Sony Pictures and hosted Sri Lanka's most customer-friendly bank, Spider-Man: Far from Home for social media enthusiasts, a sophisticated corporate screening of the...

The decrease in aviation fees is commendable

Board of Airline Representants (BARs), Sri Lanka Airline Representatives Association (SLAAR) and Sri Lankan Airline Country Managers welcomed the government moving for six months to decrease land handling, aviation fuel,...

Recyclers in Sri Lanka facing plastic scarcity

Environment and Mahaweli Development Minister Ajith Manapperuma said companies set up to recycle plastics in Sri Lanka now face scarcity in order to operate their factories to capability. Manapperuma said...

Steps to simplify interventions for tourism relief

Minister for Tourism John Amaratunga requested on 11 June to hold a conference with the governor of the Central Bank and with the CEOs of public and private banks and...

Japanese boutique hotel business in Ahungalla to establish US$ 8.4 million

A recent investment agreement with Wakana JPN (Pvt) Ltd was signed by the Sri Lankan Investment Board. Mangala Yapa, President BOI and Hiroyuki Ota, Director and T, signed the Agreement...

Foreign tourism-boosting charges

On Monday, together with Sri Lanka's Prime Minister's Office, Tourism Ministry and the Sri Lankan Civil air agency, the Sri Lanka Tourism Authority presented a cabinet document and obtained 6...

ADB is providing US$ 160 million for the enhancement project on rail effectiveness

Asian Development Bank ADB is a powerful Sri Lankan development partner since 1966. In an effort to shift Sri Lanka's Ferrovial into the future, the Bank will provide the US...

Govt complies with more than 60% of budget suggestions-Mangala

The government met 60% of last March's suggestions on the Budget, Finance Minister Mangala Samaraweera said yesterday about Colombo Hilton's launch of Green Clubs. The Minister stated that a total...

The Prime Minister of Sri Lanka is fighting anti-freeholders

Premier Ranil Wickremesinghe of Sri Lanka said that he is fighting in court for anti-freeholders to give titles to peasants and others who, through multiple programs, are granted less certain...

Two new treasury managers

D.C. R Olga, the Director General for Treasury Operations and the Department of Remarks of Sri Lanka Accountancy, took over the task. A. As the Director General of the Department...

Samsung Galaxy A80: World's first 48MP 3D camera

Sri Lanka has disclosed the latest 48 megapixel Galaxy A80. Smartphone at the Colombo Hilton is the world's first rotary three-pixel camera. "We move from the' selfie era' to the'...

'Miles on the Fly' Crazy Jets.com

The first instant-rewarded plan based on the air miles traveled by the Sampath card holders valid until 31 July 2019 was introduced by Crazyjets.com with Sampath Bank. Crazyjets.com's' Fly Miles...

Finance Asia's ComBank ' Best SL Bank '

For the fifth time in the FinanceAsia Country Awards, the Commercial Bank of Ceylon lately got its coveted Best Bank of the Year award in Sri Lanka. Prins Perera, deputy...

UK Council NDB awards candidates ' English for Teaching '

NDB and the British Council lately granted more than 190 promising applicants for "English for Teaching" instruction at the DHPL / NDB Audience in Nawam Mawatha, a publication from government...

Sri Lanka is launching China's main tourism drive

Sri Lanka's Promotion Tourism Office has lately initiated a significant charm offensive in China to attract Chinese visitors to several of the city's most famous travel agencies and tourists. Tourism...

Hybrid for all wastewater problems

The Omega Jokasou septic tank has been acquired a significant market share for three years since the launch in Sri Lanka, which is the continuous answer to issues associated with...

Strengthened atlas with technical skills

Atlas Axillia is celebrating its 60th anniversary with a range of projects aimed at enhancing children's lives across the nation. The firm intends a bursary and fresh innovative warehouse products...

Rupee closes weaker in Sri Lanka with easier bond yield.

Sri Lanka's rupee opened up to the US dollar softer on the ground on Friday at 176.15/21, while bond returns decreased and shares opened up 0.5% higher. On Thursday the...

The Business Council with Britain hosts the 19th Annual General Meeting

The 19th Annual General Meeting (AGM) of the Council for Business with Britain (CBB), was conducted at Westminster House recently. The office bearers include Vice President - Roshanie Jayasundera Moraes,...

Minister Malik Samarawickrama talks with the Chinese Deputy Trade Minister