Sadaharitha reiterates need to preserve wallapatta

Wallapatta is scientifically classified as a sub-canopy tree growing in our wet zone forests. It creates a scarce resin called agarwood in its core due to a reaction to a fungal infection or any other external factors. 

Sharp shares plunge after takeover thrown into question

AFP: Sharp shares nosedived yesterday, after the Taiwanese multinational that owns Foxconn said it would delay its multi-billion-dollar takeover to review new information it had received about the ailing Japanese giant.

As Modi euphoria cools, India faces test to keep foreigners invested

REUTERS: Nearly two years after Narendra Modi was elected as India’s prime minister with an ambitious business-friendly agenda, the feeble pace of reforms is starting to test the patience of one of his biggest group of supporters: foreign investors.

OECD calls for reforms to wake up growth

With little hope for the world economy picking up pace soon, governments must tackle reforms at home to kickstart growth, the Organisation for Economic Cooperation and Development’s (OECD) said yesterday.

First US liquefied natural gas export leaves Louisiana

AFP: The shale fracking revolution in the US oil and gas industry has achieved a milestone: the first export of liquefied natural gas from the country outside of Alaska.

Japan inflation falls back to zero in January: govt.

AFP: Japan’s inflation rate fell to zero in January, government data showed yesterday, in another blow to Prime Minister Shinzo Abe’s three-year attempt to put an end to a years-long battle with falling prices.

ETIHAD AIRWAYS ANNOUNCES GLOBAL SALE IN SRI LANKA

Colombo, SRI LANKA – Etihad Airways, the national airline of the United Arab Emirates, is offering travellers from Sri Lanka fantastic savings in its latest Global Sale.

Nation Lanka Finance announces Rights Issue to raise Rs. 502 million

Nation Lanka Finance (NLF) has announced a Rights Issue to raiseRs. 502 million to support the company’score capital requirement and ensureits compliance withregulationsthat have been stipulated by the Central Bank of Sri Lanka.  

Nobel Laureateto lead Sustainability Dialogue at Kadirgamar Institute

A Dialogue on Sustainable Development, led by the internationally renowned economist and Nobel Laureate, Sir James Mirrlees,will be held at the Auditorium of the Lakshman Kadirgamar Institute on Thursday, 25thFebruary 2016.

Blue Mountain Apartments launches its latest project in Dehiwela

Blue Mountain Apartments, part of the Blue Mountain Group of companies has launched its latest apartment project in Dehiwala. The new project is part of the ‘Sovrano’ range and is designed to meet the growing housing needs of customers who are seeking affordable and high quality homes near Colombo

Permoglaze ‘Scratch and Win’ first round winners rewarded

JAT Holdings, Sri Lanka’s undisputed leader in the furnishing and finishing industry, launched its Scratch and Win Permoglaze promotion on 13th December 2015 to herald the holiday season In continuing its own inimitable pioneering fashion,

TAC partners with Earth Hour Sri Lanka as official social media agency

Team TAC partnered with the Sri Lankan operationsof WWF's global environmental movement EarthHour. Among the world’s first open-source climate change campaigns, EarthHourin forms, 

Mexico slaps US $ 8.9mn fine on VW over emissions

AFP: Mexican authorities imposed an US $ 8.9 million fine on German automaker Volkswagen on Monday for selling more than 45,000 cars without certificates for emissions and noise compliance. The cars were all 2016 models and included the brands VW, Audi, SEAT, Porsche and Bentley, according to the prosecutor’s office for environmental protection.

DSL continues to conduct ‘Hankook Perfect Drive’ mobile advisory campaign

Douglas and Sons (Pvt.) Ltd (DSL) conducted the ‘Hankook Perfect Drive’ mobile advisory campaign for the third time to educate vehicle owners on regular tyre care and maintenance. 

Wasana Trading Lanka slashes vehicle prices

Wasana Trading Lanka (Pvt.) Ltd, which owns Sri Lanka’s largest vehicle yard, has decided to offer its customers another unique opportunity to purchase their dream vehicles for old prices that existed before the budget revisions.

US Federal Reserve’s next move much more likely a rate hike than a cut: survey

REUTERS: The Federal Reserve’s next policy move is much more likely to be a rate hike than a rate cut, although over the next two years a return to zero rates is a rising possibility, according to a New York Fed survey of primary dealers published on Thursday.

Facebook, Twitter support Apple on encryption dispute with FBI

REUTERS: Facebook Inc and Twitter Inc, two of Silicon Valley’s most powerful companies, on Thursday backed Apple Inc’s refusal to help the FBI break into an iPhone used by a shooter in the San Bernardino attack,

EU chief warns ‘lot to do’ to avoid British exit

European leaders have a lot of work to do at a summit in Brussels to reach a deal to prevent Britain becoming the first country to crash out of the bloc, EU president Donald Tusk warned yesterday. British Prime Minister 

Thousands of cabbies march in Madrid against Uber-type services

AFP: Thousands of taxi drivers protested Thursday in Madrid against competitors such as Uber, echoing similar recent demonstrations in neighbouring France.

wOw.lk partners with EPSI Technology to resell an array of IT products online

wOw.lk, Sri Lanka’slargest online shopping mall, recentlypartneredwith EPSI Technology (Pvt) Ltd.to resell an array of IT products online. Throughthispartnership, wOw.lk willbeofferingitscustomers a range of tablets, notebooks, desktops, projectors, monitors, motherboards, graphiccards& networking productsfrom world renowned brands such as ASUS and ViewSonic.

Fashion Bug clinches Gold for 3rd consecutive year

Fashion Bug, one of Sri Lanka’s leading retail clothing chain with over 16 outlets island-wide, was awarded Gold for being the ‘Best Key Account Partner’ at the recent Annual Sales Conference of Triumph International, the iconic global leader in manufacture and marketing of lingerie and shape-wear.

SriLankan FlySmiLes promotion at Hameedia stores this February

Hameedia, the leadingmenswearspecialist in Sri Lanka has partneredwithSriLankanAirlines for the veryfirst time to offertheircustomers apromotionalofferthatawardseveryFlySmilesmember double points rewards for every Rs.100/- spent at the Envoy Mansion and all the Hameedia showroomsthoughout the month of February.

Astron Launches ‘Healing Herbs Cough syrup’ all natural remedy for Coughs and colds.

Astron Limited the leading and largest Privately owned local manufacturing and marketing pharmaceutical company in Sri Lanka,  renowned for high quality and efficacious pharmaceuticals , nutrition supplements and nutraceuticals  recently launched ‘Healing Herbs’ Cough Syrup.

‘Coupe of the Year’ AUDI TTS arrives in Sri Lanka

Senok Automobiles (Pvt.) Limited, sole agent for Audi in Sri Lanka announced the arrival of 2016’s ‘Coupe of the Year’ – the new Audi TT, in Colombo.  Refined and more technologically advanced, the Audi TTS and TT lives up to its predecessors billing as a style icon and a true sports car. 

Property prices show no sign of cooling off

With the ongoing drive to modernize the city, price data on land sale registrations and advertised rates reflect several driving factors. Traditionally,

Bettina Würth opens new Würth Lanka premises

Würth Lanka (Pvt) Ltd – the leader in motor vehicle and construction industry aftermarket products & solutions – moved its head office to a spacious new location in Makumbura, Pannipitiya in order to support its rapidly growing business operations.

David Pieris Motor Company introduces spare parts vending machine

As a company which has scored many a first in Sri Lanka’s automotive industry, David Pieris Motor Company Limited (DPMC) recently introduced a spare parts vending machine, another first in the country.

Wealth accounting is critical for measuring sustainability

Suppose you are an investor evaluating a company, but you only have its income statement. There you have revenue, expenses, 

Sri Lanka tourism running strong

Tourist arrivals to Sri Lanka have shown a fourfold increase in comparison to the tourist arrival figure of 438,475 for the calendar year 2008. With the ending of hostilities in mid-2009, the country has shown a sharp increase in the 

Wildlife Conservation and Land Rover : We Care

Land Rover isproud to announcetheirinvolvement in Wildlife Conservation through the “We Care” programme whichaims to partner with on-going projectsthathelps to reduce Human - Animal conflict in Sri Lanka.