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Construction industry’s present, challenges and future
Today, the growth of Sri Lanka’s construction industry has become a hot topic. The housing construction sector in particular has seen rapid growth due to the rise in housing demand as well as...
View ArticleSri Lankan shares post near 6-week closing low
Reuters – Sri Lankan shares fell for the sixth straight session on Monday to post a near six-week closing low, but brokers said the slide is slowing down. The Colombo stock index fell just 0.08 percent...
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Ceylon Institute Of Builders Honours LANWA with Green Building Certification
Yet another accolade for its stance on sustainable development and becomes the 1st Steel Re-bar manufacturer to win this prestigious award. LANWA which have secured the green mark certification from...
View ArticleSri Lanka Economic Summit 2017 kicks off today
The two-day Sri Lanka Economic Summit 2017 will be inaugurated this morning with the participation of Mr. Sanjeev Sanyal, The Principal Economic Adviser to the government of India, Dr. Indrajit...
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Bond commission’s term extended
President Maithripala Sirisena has decided to extend the term of the Presidential Commission of Inquiry to investigate and Inquire into the Issuance of Treasury Bonds. The President has further...
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IFC Partners with Commercial Bank of Ceylon to Improve Access to Green...
IFC, a member of the World Bank Group, is partnering with Sri Lanka’s Commercial Bank of Ceylon (CBC) to help the bank increase investments in local companies focusing on renewable energy and...
View ArticleExclusive: Sri Lanka’s cabinet ‘clears port deal’ with China firm after...
Reuters – Sri Lanka’s cabinet cleared a revised agreement for its Chinese-built southern port of Hambantota on Tuesday, the government said, after terms of the first pact sparked widespread public...
View ArticleNew Primary Issuance System for Treasury Bonds
The Central Bank of Sri Lanka will introduce a new primary issuance system for Treasury bonds (T-bonds). Effective from July 27, 2017, the new system replaces the existing fully auction based issuance...
View ArticleSri Lankan shares hit 6-week closing low
Reuters – Sri Lankan shares closed marginally weaker for a seventh straight session on Tuesday, but analysts expect sentiment to turn positive following cabinet approval for a Chinese-built port. The...
View ArticleFuel distribution declared an essential service
The fuel distribution has been declared an essential service from midnight yesterday by a gazette notification and the government informs all the employees related to fuel distribution to immediately...
View ArticlePGC announces financial results for Q1 , F18.
Piramal Glass Ceylon PLC has announced its results for the 1st Quarter of FY 2017-18 with Rs. 1,403 million of Revenue & Rs. 105 million of Profit After Tax showing a marginal decline when compared...
View ArticleUN’s Target 9.2 framework coming to Lankan industries
UN’s specialized agency for industrial development is to usher Inclusive and sustainable industrialization framework to Sri Lanka. The new initiative of United Nation’s Industrial Development...
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Shangri-La Hotels Lanka‘s “The Mall at One Galle Face” signs mega deal with Odel
Shangri-La Hotels Lanka Pvt Ltd has inked an agreement to partnership with Odel, Sri Lanka’s premier fashion and lifestyle department store owned and managed by ODEL PLC, a subsidiary of Softlogic...
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Spa Ceylon wins big at World Luxury Spa Awards 2017
Global Winner Best Luxury Ayurveda, Continent Winner Best Luxury Spa Group & Regional Winner Best Luxury Urban Escape Spa Ceylon, the world’s largest luxury Ayurveda chain, yet again stamped its...
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Colombo Coffee Company promotes ‘Coffee Culture’ at Hotel Show and National...
Coffee was once a thriving cultivation in Ceylon. The British began large scale commercial production and by 1860, the country was amongst the major coffee-producing nations in the world. Decades later...
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Etihad Airways introduces next-generation Boeing 787 between Abu Dhabi and...
Upgrade to wide-body 787 Dreamliner provides significant capacity increase on key route Aircraft features industry-leading, award-winning cabins Acclaimed Flying Nanny service now available on 787...
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Hayleys Puritas Sathdiyawara delivers clean water to Meegassegama and Pahala...
~ Sath Diyawara reaches a total of 18 villages, providing 33,000 people with 130,000 liters of drinking water, daily Continuing to expand to create a positive impact on the nation’s growing CKD...
View ArticleHNB’s Corporate Banking Project Finance Team arranges funding for Wind Force...
The Project Finance Team of HNB’s Corporate Banking Division congratulates the remarkable success of Wind Force (Pvt) Ltd on completion of their 10 MW Solar Power Project in Vavuniya under the name of...
View ArticleSri Lankan shares recover from 6-wk closing low on bargain hunting
Reuters – Sri Lankan shares edged higher on Wednesday, ending a seven-session losing streak as investors bought battered down shares a day after the cabinet granted approval for a Chinese-built port...
View ArticleAmana Bank doubles its capital. Rights Issue oversubscribed
~ Capital reaches LKR 10 Billion ahead of time Amãna Bank was infused with over Rs. 4.75 billion to its capital base, when its shareholders expressed confidence in the Bank resulting in its recent...
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