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.

SLTourism Promotion Bureau Appoints Ms. Ruvini Bandaranayake as the New MD

Sri Lanka Tourism Promotion Bureau (SLTPB), nation’s catalyst for Tourism Promotion announced that they have appointed Ms. Ruvini Dias Bandaranayake as the New Managing Director.

A strategic credit line to Alliance Finance

Global pioneer of sustainable banking Triodos Microfinance Fund and Triodos Fair Share Fund have recently provided a joint credit line to Alliance Finance Company PLC (CSE: ALLI) in order to further strengthen its contribution to a broader impact through SME financing and microfinance in Sri Lanka.

Amãna Bank enables First Drive Through ATM in Eastern Province

Amãna Bank, Sri Lanka’s premier non-interest based licensed commercial Bank, facilitated the realization of a significant milestone for Eastern Province by establishing the first Drive Through ATM in the Province.

Loops Solutions, Most awarded digital marketing agency in Sri Lanka

As technology takes the world on by storm, digital marketing continues to grow along side. Loops Solutions (Pvt) Ltd is the pioneer of social media marketing in Sri Lanka which works with multinational and local giants

This wedding season, Hameedia puts the groom in the limelight

Sri Lanka’s leading menswear specialist, Hameedia is all set to launch its latest wedding range for men who will be tying the knot this season. The collection showcases three special wedding packages that will immaculately outfit the groom,

Facebook India MD Kirthiga Reddy stepping down

REUTERS: Facebook Inc.’s India Managing Director, Kirthiga Reddy, said on Friday she is stepping down and returning to the United States to “explore new opportunities” at the company’s headquarters in Menlo Park, California.

Modi urged to make reality match ‘Make in India’ hype

Thousands of people and mascots of lions swarmed the weekend opening of a “Make in India” drive to attract foreign direct investment, pitched by Prime Minister Narendra Modi as “the biggest brand that India has ever created”.

CIC, NRC and ITI partnership to support Department of Agriculture’s Island-wide fruit fly control

CIC Holdings PLC (CIC), a leadingblue chip company in Sri Lanka, recentlyjoined hands with the National Research Council and the IndustrialTechnology Institute

‘Playtime’ is family time at The Sandwich Factory’s new location

Amusing young children can be tough work. For parents who’ve been mulling over how to get in quality time with the family while out - The Sandwich Factory announces the first ever ‘Playtime’ on 17 February at the new TSF outlet on Palm Grove, Colpetty.

IMF raises concerns on budget deficit

An International Monetary Fund (IMF) staff mission visited Colombo February 1-5 to discuss recent economic developments and policies for the year ahead.  

Senior leaders say big data, misaligned incentives and bureaucracy lead to bad decision making

Senior leaders are struggling to make the right decisions, with 72 percent of organisations admitting that at least one strategic initiative failing in 

US–China rivalry: Does Asia have to choose?

Can America preserve the US-led regional order by resisting China’s challenge to replace it with ‘a new model of 

DFCC BANK REWARDS WINNERS FROM DUBAI CONCERT RAFFLE DRAW

Lanka Money Transfer (LMT) recently sponsored Rhythm Night, a concert organized for the Sri Lankan migrants working in Dubai

A GLAMOROUS NIGHT AT THE FISHERY WITH MRS. WORLD 2014!

It was a night full of fun and frolic. The lovely and delicious seafood cuisine with the company of Rozanne Diasz, Vasana Dhanthanarayana and the contestants for Mrs. Sri Lanka made the occasion much exciting.

Leo Burnett successfully completes HumanKind workshop in Galle

Leo Burnett Solutions Inc., (LBSI) the local office of the global advertising network Leo Burnett Worldwide, recently completeda success fulregional Human Kind workshop 

Litro Gas posts record growth in 2015

The national LPG (liquid petroleum gas) company marks 2015 a record year posting gross profits of over Rs.6 billion with significant increases in volumes (22pct) and market growth (acquiring a total485,548 new connections). 

GIANT STEP FROM NLB

National Lotteries Board, leader in country’s lotteries market has embarked upon a most extraordinary journey over 50 years, giving rise to billionaires,

No ‘draconian measures’ for Greece: Lagarde

The International Monetary Fund does not wish to slap “draconian measures” on hard-up Greece but wants more government progress on

Slow growth

Delivery workers move goods along a street in downtown Jakarta yesterday. Indonesia’s economy grew at its slowest pace in six years in 2015

German factory orders slip in December

AFP - German industrial orders, a key measure of demand for goods in Europe’s top economy, declined in December, 

Biz tycoons meet

Indian businessmen Cyrus S. Poonawalla (L) and Vijay Mallya speak as they attend the ‘Kingfisher Ultra Indian Derby 2016’ party in Mumbai on Thursday. AFP

Truck maker Volvo offloads costs for big profit rise

AFP- Volvo Group, the world’s second-biggest truck maker, yesterday  reported a seven-fold increase in net profit, thanks mostly to a massive cost-cutting drive.

SLASSCOM signs MoU with Dharmavahini Foundation

The Sri Lanka Association Software and Services Company (SLASSCOM) very recently signed a Memorandum of Understanding with LearnTV,

Recovering tropical forests a sponge for CO2: study

AFP - Tropical forests reclaiming land cleared for agriculture or livestock not only grow quickly, but absorb far more CO2 from the atmosphere than old-growth trees, according to a study released this week.

Disgraced ex-IMF chief Strauss-Kahn joins Ukraine bank

AFP - Disgraced former IMF chief Dominique Strauss-Kahn has been appointed to the supervisory board of a bank owned by Ukraine’s second-richest businessman Viktor Pinchuk. Kiev’s Kredit-Dnipro Bank said the decision to accept Strauss-Kahn and five others to the advisory body was taken on Monday and goes into immediate effect.

China’s Alibaba seeks sporting gold

AFP - Chinese e-commerce giant Alibaba is looking to turn its hundreds of millions of users into sportsmen as it seeks to cash in on the country’s growing sporting market, 

Biggest ever trade deal signed as US seeks to counter China

The biggest trade deal in history was signed yesterday, yoking 12 Pacific rim countries in a US-led initiative aimed at wresting influence from booming China.