SriLankan to absorb Mihin Operations to be fully taken over by December

Going forward, in trimming down the excess baggage, SriLankan Airlines is set to start absorbing the 

Tea exporter proposes to set up distress relief fund for industry

A leading tea exporter in the country recently called on the government to set up a social market 

July tea output down 19% on low prices, poor fertiliser use

REUTERS: Sri Lanka’s tea output in July fell 19 percent from a year earlier to a 15-year low due to poor application of fertiliser, low market prices and a government ban on pesticides, the state-run Tea Board said yesterday. 

Private sector outlines commitment to sustaining peace to UN Secretary General

Subsequent to the address by the UN Secretary General Ban Ki-Moon on the topic of Sustaining 

Finance Minister and UN Secretary General meet

The UN Secretary General who is on an official tour in Sri Lanka met Finance Minister Ravi Karunanayake during his  visit to the President’s House. Pic by Sudath Silva  

Facets Sri Lanka kick starts

As Sri Lanka is gearing up to become the ‘sapphire capital’ of the world, the local gem and jewellery sector sparkled under fresh spotlight yesterday with the kickoff of the 26th edition of Facets Sri Lanka at 

China ready to pump in over US $ 5bn in FDIs: envoy

China’s top diplomat in the country yesterday said that the world’s second largest economy is prepared to commit over US $ 5 billion in foreign direct investments (FDIs) over the medium to long term for special economic zones, if the Sri Lankan government is prepared to authorize them.

Sri Lanka keeps policy rates steady

The Monetary Board of the Central Bank yesterday decided to keep the key policy interest rates 

Ravi K invites SAARC countries to invest in Colombo Financial City

Member countries of the SAARC now have the opportunity to invest in the Colombo International Financial City and enjoy benefits from the emerging economy of Sri Lanka, Minister of Finance Ravi Karunanayake said.

Address barriers to exports before entering FTAs: think tank

Sri Lanka must address internal barriers to exports that it can control, before placing all its efforts on 

‘Construct 2016’

Housing Minister Sajith Premadasa making inquiries at the ‘Construct 2016’ exhibition that opened at the 

Visa sees tremendous growth potential in Sri Lanka

Visa, a global leader in payments technology, announced that it would be setting up an office in 

Jaya Terminal gets busy with 4 vessels berthing

Four large container ships — MSC Sussana, MSC Joanna, Conticlaris and Bravo — have arrived at the Sri Lanka Ports Authority (SLPA)-run Jaya Container Terminal (JCT) of the Colombo Port. The SLPA 

CB Governor wants fiscal house in order to do his job

Sri Lanka’s new Central Bank Governor Dr.Indrajit Coomaraswamy has now taken a personal interest in disciplining the country’s fiscal house, which has been continuously creating excess demand and 

Wigneswaran boycotts investment forum organised by Governor

The New Indian Express: The Chief Minister of the Tamil-majority Northern Province, C.V. Wigneswaran, boycotted the International Investment Forum organised by Northern Province 

Spectacular kite festival

Colourful kites dotted the Colombo skies yesterday at the kite festival organized by a leading privately owned television network in the country. The picture shows kites in the Galle Face sky, and in the 

Kedella opens

Large crowds flocked to witness the ‘Kedella’ art of living exhibition that opened for the 9th consecutive year at the BMICH yesterday. The 3-day exhibition ends tomorrow. Pic by Kithsiri de Mel 

Esala Perahera – A top tourist attraction

A fire-dancer performs in front of the historic Buddhist Temple of the Tooth, as he takes part in a 

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A Buddhist devotee offers flowers in front of a Buddha statue at a temple in Colombo. Sri Lankan Buddhists celebrated Nikini Full Moon Poya yesterday engaging in religious activities. The country’s capital market was closed due to the holiday  (Reuters Photo)

Economist urges pvt. sector to give more emphasis on product design innovation

Ceylon Chamber of Commerce Chief Economist Anushka Wijesinha urged Sri Lanka’s private sector 

Rocell opens store in Australia

Royal Ceramics PLC, Sri Lanka’s leading bathware and tile manufacturer famous for its Rocell brand, has opened its flagship store in Australia last week. 

Entrepreneurship, innovation play key role in driving economies: Rivkin

Expressing their enthusiasm to support Sri Lankan entrepreneurs and businesses, a top US official recently stressed the importance of boosting Sri Lanka’s startup ecosystem.

US-Sri Lanka trade, investment talks

U.S Assistant Secretary of State for Economic and Business Affairs Charles Rivkin was on a two-day visit to Sri Lanka. He and his delegation met Minister of Development Strategies and International Trade 

PM sheds light on SL’s grave HR issue

Sri Lanka, at the moment, is successfully tackling a number of issues, but concerns around human resources are an area, which neither the private sector nor the public sector is anywhere close to 

President pledges not to privatise any profit-making SOE

President Maithripala Sirisena yesterday pledged that none of the profit-making state-owned enterprises (SOEs) would be privatised. 

Brandix ranked Sri Lanka’s top exporter in 2014 and 2015

The Brandix Group won a remarkable 11 awards including the Exporter of the Year awards for 2014 and 

Non-digitisation of state agencies costing US $ 2mn a day: Minister

Although the government has been on the lookout for new avenues to boost its coffers, it is yet to plug the revenue leakages that amount to approximately US $ 2 million per day due to the non-digitisation of state agencies, the country’s telecom minister pointed out.

Govt. extends EOI deadline for SriLankan

In an attempt to choose from a wider pool of potential partners to manage the country’s debt-ridden national airline, the government yesterday extended the closing date for expression of interest (EOI) 

Sri Lanka PLAST expo kick starts at BMICH

The three-day event includes 175 stalls with representatives from ten countries and comprises of four exhibitions which are ‘Sri Lanka Plast’ with focus on plastics, ‘Rubexpo’ focusing on rubber, 

CSE launches e-connect to improve investor convenience and connectivity

Sri Lanka’s capital market operator yesterday got a step closer in connecting the financial system to the bourse and significantly improving investor convenience with the launch of CDS e-connect. CDS e-