Exchange Rate and Economic Impact of Depreciation
The exchange rate is a widely discussed topic at present. There is much debate on whether the exchange rate should appreciate or depreciate due to its impact on economic activity. Although there are...
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Mobitel Cash Bonanza Montero Extravaganza awards 11th lucky winner with Montero
11 lucky winners have walked away with Monteros from Mobitel for 2016 Cash Bonanza Montero Extravaganza has awarded a total of 619,761 customers with prizes worth over Rs 3,210 lakhs up to November...
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Party in Style with the ‘Party Bus’
~ Waters Edge and Ebert Silva introduces Colombo’s latest party sensation Sri Lankan’s love to party and when we do we definitely know how to do it in style. Playing on our ability to celebrate, Sri...
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Thunder and Neon recognized at National Business Excellence Awards 2016
Thunder and Neon (Pvt) Ltd, Sri Lanka’s leading manufacturer of high-end signage and the largest chain of distribution of advertising raw material was recently honored with a Merit award in the...
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Sagara Gunawardana wins Socrates International Award from EBA
Eng. Sagara Gunawardana, Chairman of Venora Group of Companies (PVT) LTD, has been bestowed with the Socrates International Award for personal contribution to the intellectual development of today’s...
View ArticleSri Lankan rupee steady in thin trading ahead of holiday
Reuters – The Sri Lankan rupee was steady in lacklustre trading on Friday ahead of a long weekend, amid little importer demand for the dollar, dealers said. The rupee forwards were active, with...
View ArticleIMF Welcomes Sri Lanka’s New Inland Revenue Act
by Lorys Charalambous, Tax-News.com, Cyprus The International Monetary Fund (IMF) has welcomed Sri Lanka’s new Inland Revenue Act, due to be introduced early next year, saying that it should boost tax...
View ArticleLaunch of Project Management and Monitoring IT System
Minister of City Planning and Water Supply Rauf Hakeem launched the Project Management and Contract Management IT System Monday (26th Dec.) in Colombo. This system developed and tailor made to Sri...
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Metropolitan Unveils Micromax Bolt and Bolt Supreme 2 Smartphones in Sri Lanka
Metropolitan Telecom Services (Pvt) Ltd, an authorised distributor for Micromax Informatics, will launch two new robust Android smartphones in Sri Lanka: the Micromax Bolt (Q346) and Bolt Supreme 2...
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Sri Lanka’s economic expectation showed a slowdown
Perceived Economic Opportunity PEO: Octomber, 2016 This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a sample of 400 men and women...
View ArticleDFCC Bank launches a unique savings proposition for families in the New Year
DFCC Bank, a keen proponent of savings as a product for financial security is launching a unique scheme that encourages customers to make savings a family habit. This is based on the premise that...
View ArticleICTA to strengthen school IT Clubs
Sri Lanka Information and Communication Technology Agency (ICTA) together with the IT division of the Ministry of Education have taken steps to further strengthen the Information Technology Students’...
View ArticleThe World of Hayleys to build “World Export Centre” Twin Towers
The Hayleys group, Sri Lanka’s most diversified conglomerate and pioneer in value added exports, announces its latest venture, the ‘World Export Centre’, a state of the art “A” Grade office Twin...
View ArticleDSI Mega 2016 Shopping Festival Opens With A Bang
The ultimate shopping festival, DSI Mega 2016 was declared open on the 23rd of December. Happening at the head office complex of D. Samson and Sons (Pvt) Ltd, at No. 257, High Level Road, Maharagama,...
View ArticleFairfax Financial to acquire Allied World for $ 4.9 billion
Fairfax Financial Holdings Limited (“Fairfax”) and Allied World Assurance Company Holdings, AG (‘Allied World’) announced that they have entered into a merger agreement, pursuant to which Fairfax will...
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99X Technology emerges ICT sector winner at NBEA 2016
In continuing recognition of its excellence in business and contributions towards the economic progress of the country, 99X Technology was named the Gold Winner in the ICT sector at the National...
View ArticleCommercial Bank affirmed Best SME Bank in Sri Lanka
The Commercial Bank of Ceylon has been declared the ‘Best SME Bank’ in Sri Lanka in 2016 by International Finance Magazine (IFM) of the UK, for ‘making a significant difference and adding value, and...
View ArticleUSD 150 million ADB loan for Green Power Development and Energy Efficiency...
ADB Provides loan assistance of USD 150 million for the implementation of Green Power Development and Energy Efficiency Improvement Investment Program – Tranche 2 The implementation of Green Power...
View ArticleSri Lanka all set to host 2nd annual Pakistan Single Country Exhibition
Introducing a series of invaluable business and commercial opportunities to the Sri Lankan market, the Pakistan High Commission in partnership with Trade Development Authority of Pakistan (TDAP)...
View ArticleSri Lanka participates in Trade Promotional events in South China
The Consulate General of Sri Lanka participated in a series of trade related activities in the third quarter of the year to promote Sri Lanka and to explore new areas for economic cooperation in South...
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