Second Jaffna International Trade Fair in January

The second Jaffna International Trade Fair 2011(JITF) is organised by Lanka Exhibition & Conference Services (Pvt) Ltd, a Presidential Award Winning Company in collaboration with the Federation of Chambers of Commerce and Industry of Sri Lanka.

Heraymila Securities tips Lanka's economy to hit double-digit growth from 2011

Sri Lanka's post-war economy is poised to sustain double-digit growth from 2011 onwards, as the island rebuilds its conflict-hit areas and adds new infrastructure to the rest of the country, stockbroker's Heraymila Securities Limited said yesterday.

United Motors subsidiary receives licence to assemble Zotye Suv's in Sri Lanka

Unimo Enterprises Limited (UEL) a fully owned subsidiary of United Motors Lanka PLC recently received the licence to assemble Zotye SUV's in Sri Lanka under the Mahinda Chinthanaya programme.

CB is not a guarantor but a regulator - Governor

Investors should take due care when depositing money in the country's financial system and the role of the Central Bank is not to act as guarantor on the investments, but as a regulator closely supervising the financial institutions in the country, said Governor of the Central Bank Ajith N. Cabraal.

IPS releases annual

The "State of the Economy" report is the flagship annual publication of the Institute of Policy Studies of Sri Lanka (IPS) that analyses in detail Sri Lanka's economic performance and explores emerging development challenges for the country.  

Low cost of ownership making mobile phones a poverty alleviator

Low cost of ownership has made mobile phones a powerful poverty alleviator in Sri Lanka and rest of the world, reveals the latest UNCTAD Information Economy Report 2010 released in Colombo ON Tuesday.

Dialog consolidates growth trajectory in 3Q

Dialog Axiata PLC yesterday announced its financial results for the 9 months ended 30th September 2010. Financial results included those of Dialog Axiata PLC (the "Company") and of the Dialog Axiata Group (the "Group") post consolidation with subsidiaries Dialog Broadband Networks (Pvt.) Ltd ("DBN") and Dialog Television (Pvt.) Ltd ("DTV").

Atchchuvely Industrial Zone first major development in Jaffna

The first major industrial development project will kick start in the Jaffna peninsula shortly when the 65 acre Industrial estate in Atchuvely will be developed bilaterally by the Government of Sri Lanka in partnership with the Indian government with the view of entrepreneurs to commence their business ventures and generate economic growth and the livelihood development in the area said the Minister for Traditional Industries and ente

World's largest sail builder strengthens its presence in Sri Lanka

North Cloth Lanka (Pvt) Ltd. was the latest entity to come under the North Sails Sri Lanka Group, when the factory was ceremoniously inaugurated by Rishard Badiudeen, Minister of Industry and Commerce recently.

SL at centre stage in SAARC SME Forum

The Tamil Nadu Small Industries Association and Friedrich Naumann Stiftung Fur die Freiheit (FNF) Germany is staging the 2010 SAARC conference on the theme 'Evolving a SME Policy for SAARC Countries'.

SL-Iraq trade talks after eight years

After a lapse of eight years, Sri Lanka began discussion on economic and technical cooperation between Sri Lanka and Iraq under the direction of the Minister of Industry and Commerce Rishard Badiudeen.

CB keeps policy rates unchanged

Central Bank yesterday kept policy rates unchanged following the October Monetary Policy Review. The Bank said economic growth remains robust and broad based with all sectors contributing to the expansion of output.  Credit flows continue to rebound with credit to the private sector from commercial banks growing on a year on year basis by 12.8 per cent in August 2010, further reinforcing the growth prospects.  At the same time, yea

UK MPs discuss matters on investments with Dr. Amunugama

Addressing a delegation comprising Members of Parliament in the United Kingdom, Deputy Minister of Finance and Planning and Senior Advisor to the President Dr. Amunugama said that Sri Lanka was well positioned in its economic growth and reaching 8% growth rate as targeted.

SriLankan Airlines to acquire seven more aircraft by end of 2011

SriLankan Airlines said yesterday it will acquire its first brand new aircraft in more than a decade, among the seven aircraft it plans to take delivery of by the end of 2011. They include five Airbus A320’s, including three brand new aircraft, and two Twin Otter floatplanes.

BMW 5 Series receives 5 Stars in new more stringent crash test

The all-new BMW 5 Series was one of only two vehicles to receive an overall five-star rating in the first crash tests conducted by the National Highway Traffic Safety Administration under the new, more stringent New Car Assessment Program (NCAP)

From humble beginnings to the best in business

At the Association of Accounting Technicians of Sri Lanka (AAT) Annual Conference, the highlight was the panel discussion on 'Own Success Stories,' where leading entrepreneurs shared their humble beginnings to become the best today.

Construction sector builds skills

Ex-combatants and war widows in the North and East are now trained to boost the local construction industry in providing for capacity building.

Draft Microfinance Act grabs spotlight at key Asia forum

Foundation for Development Cooperation Director Craign Wilson (right) at the media briefing on the sidelines of the Asia Microfinance Forum in Colombo. Others from left are HNB CEO R. Theagarajah, Citi Sri Lanka CEO Glen Rase and BWTPN Chairman and HNB Deputy General Manager Chandula Abeywickrema - Pic by Upul Abayasekara

Sea water filling into Hambantota Port Basin accomplished

Sea water filling into the basin of Magampura Port that commenced following the auspicious ceremony held on 15 August 2010 has now been completed.

SriLankan eyes emerging North America for inbound tourism

SriLankan Airlines on Friday expressed interest to break into the North American market by 2011 to meet the increased demand in tourism.

CILT International Conference 2010 comes to Colombo

The International Conference 2010 of the Chartered Institute of Logistics and Transport (CILT), themed 'Envisioning Development Opportunities in Transport and Logistics in South Asia' with an emphasis on 'The Synergy of Public Private Partnerships,' will be held in Colombo this week.

Sri Lanka-Australia-New Zealand Business Council holds 15th AGM

The 15th Annual General Meeting of the Sri Lanka-Australia-New Zealand Business Council of the Ceylon Chamber of Commerce was held on 9 September 2010 at Waters Edge, Battaramulla, with High Commissioner for Australia in Sri Lanka Kathy Klugman gracing the occasion as the Chief Guest.

BOI targets larger investments

With the investment portfolio increasing in Sri Lanka, the Board of Investment (BOI) is looking at changing its current incentive resume, a senior official said.

ICT contributes hugely to Sri Lanka's transformation

ICT Agency of Sri Lanka (ICTA) Chief Operating Officer Reshan Dewapura says that the information and communication technology sector has been and will be a huge contributor in transforming Sri Lanka into a knowledge hub.

Insurance industry progresses in 1H

The Insurance Board of Sri Lanka (IBSL) said yesterday that the industry has progressed well in the first half of this year.

Imperial Tea Exports recognised as the 'Most Outstanding Exporter of the Year'

IFC to step up support for Sri Lanka

Newly appointed IFC Director South Asia Thomas Davenport. Pic by Upul Abayasekera

AAI plans to build airport in Sri Lanka

The Airports Authority of India (AAI) plans to build an airport in Sri Lanka, which could be its first foray into the international market in about 30 years.

Ukraine ready to offer Sri Lanka various forms of cooperation

Ukraine is ready to offer Sri Lanka various forms of cooperation primarily in trade and the economic sector, Ukrainian President Viktor Yanukovych said.  Yanukovych announced this today (Wednesday) during a meeting with the President of Sri Lanka Mahinda Rajapaksa, who is on a visit to Ukraine, the press service of the Ukrainian head of state reported.

Lanka records strong post-war growth

Sri Lanka's economy expanded 7.1 percent during the first quarter of this year, the statistics office said Friday, as the island picks itself up after a long civil war. The growth for the January-March period, up from 1.6 percent at the same point last year, was boosted by expansion in farm produce and services.