Hayleys wins ‘Best Corporate Citizen Sustainability Award 2016’

Hayleys PLC emerged as the winner of the ‘Best Corporate Citizen Sustainability Award 2016,’ for the 

Private sector tells government to up propaganda on economic policies

The private sector recently called on the government to increase the efficiency of propaganda on its 

Apparel exporters give thumbs up for budget 2017

The apparel sector, the country’s leading export industry, praised the 2017 budget for being progressive

Govt. will revive crafts sector with new technology: PM

The Sri Lankan government is planning to introduce technological solutions for the country’s traditional crafts industry, it was revealed at the Shilpa Abhimani–2016 Presidential Awards and Handicrafts Exhibition inauguration. “It is time we bring in new technologies to this sector. Together with our Ministry of Telecommunication and Digital Infrastructure, we are planning to introduce new tech to Sri Lankan crafts sector,&rdquo

SEC relaxes rules on minimum public float

With just 44 days left on the deadline for publicly listed companies to adhere to public float 

Business Today TOP 30

The top corporate performers of Sri Lanka for 2015-16 were recognized at the Business Today TOP 30 

FinMin stern on clipping Central Bank’s wings

In the wake of criticism that the Finance Ministry has invaded the authority and autonomy of the 

Teejay Lanka to make US $ 13mn investment in India next year

By Zahara Zuhair Teejay Lanka PLC, the local weft knit textile manufacturing company, which was 

INFOTEL 2016

Large crowds gathered to witness the ‘Infotel 2016’, national ICT exhibition that kick-started yesterday at 

Balancing budget!

Finance Minister Ravi Karunanayake yesterday presented the good governance administration’s third 

Final touches for budget 2017

Independent Sri Lanka’s 70th budget and the third budget of the good governance administration 

Tourist arrivals in October up 14%

The tourist arrivals to Sri Lanka grew a healthy 13.7 percent year-on-year (YoY) to 150,419 in October, the data released by the state tourism office showed. 

CCC slams govt. for imposing price controls on high-demand drugs

Sri Lanka’s premier trade chamber, Ceylon Chamber of Commerce (CCC), yesterday in a strongly-

Sri Lanka Design Festival

An aspiring designer perusing products exhibited at the Sri Lanka Design Festival 2016, organized by 

Port City work in full swing

Sand is dredged from the sea and sprayed during reclamation work currently being carried out for the 

TrailSL 2016 completes journey

TrailSL 2016, the 28-day journey from North’s Point Pedro to South’s Dondra, to raise US $ 5 million 

Monetary Board verdict on bond scam soon

The Monetary Board is soon expected to come up with its verdict on the alleged treasury bond scam 

French travel agents’ association commits to boost tourism into SL

Les Entreprises du Voyage (LEV), the French travel agents’ and tour operators’ association, yesterday committed to helping boost tourism into Sri Lanka while kicking off LEV’s annual congress, which the island nation is hosting this year.

Tea exporters demand sustainable economic model from government

The Tea Export Association (TEA) last week requested the government to introduce a proper 

IFC pledges support to Commerce Ministry’s SME & women biz initiatives

International Finance Corporation (IFC), a member of the World Bank Group has extended its support t

World Bank to provide US $ 85mn for R&D in Sri Lanka

The World Bank will be providing Sri Lanka US$ 85 million in funding to improve the country’s Research and Development (R&D) due to the lack of external funding into the field.

Tourism Minister reverses decision to abolish minimum room rate next year

The country’s tourism authorities have reversed their stance on the minimum room rate applied on 

No headroom for external borrowings next 2 years: economist

Despite the 3-year engagement with the International Monetary Fund (IMF) is expected to act as a 

World’s oldest working full-rigged ship arrives in Colombo

The world’s oldest working full-rigged ship, SS Sørlandet from Norway, has arrived in Colombo. The ship is on a two-year circumnavigation of the world, with 70 high school students from A+ Academy.  During their stay in Colombo, they will greet the Sri Lankan maritime students and the ship will be part of several events hosted by the Royal Norwegian Embassy. Nicknamed ’The Pearl of Norway’, she is quite a beauty with

CB’s power to bailout troubled finance companies challenged

Former Deputy Governor Wijewardena says notion of taxpayers’ money being used to pay defrauded depositors flawed

Seasonal delicacies

A hairy crab farmer in China steering his boat past crab breeding farms in Yangcheng Lake in Kunshan. 

Boom in construction sector

Workers clean glass panels at the West Tower of the World Trade Center in Colombo. A number of residential and mixed high-rise buildings are currently being built in Colombo with the country’s construction sector reviving after a temporary setback n 2015 (Reuters photo)

Fight for daily wage continues!

Despite Tuesday’s signing of the Collective Agreement for a daily wage of Rs.730 for the next two 

New wage agreement unsustainable: planters

The Regional Plantation Companies (RPCs) which signed the Rs.730 daily wage tripartite agreement 

Exports decline for 17th consecutive month in July

Recording a contraction for the 17th month in a row, Sri Lanka’s exports fell by 4.4 percent year-on-year (YoY) in July to US $ 891.2 million extending the first seven months’ contraction to 5.6 percent YoY to US $ 6.0 billion, the latest data released by the Central Bank showed.