Govt. to go whole hog in privatizing all public enterprises

The Sirisena-Wickremesinghe coalition government is planning to privatize all public sector enterprises under their regime irrespective of them making profits or losses as they believe they will 

President admits need for inclusive policies, better discipline

The government’s financial policies and management should be more disciplined and take into 

OBG gives thumbs up for Sri Lanka!

??By Chandeepa Wettasinghe The Oxford Business Group (OBG), a top global publisher and 

BitMasters wins big at Microsoft Imagine Cup

??By Indika Sakalasooriya (Reporting from Redmond, Seattle) BitMasters, the Moratuwa University 

CONSTRUCTION EXPO 2016

‘Construction Expo 2016’, organized jointly by the Ceylon Institute of Builders (CIOB) and Lanka 

DIMO committed to make Sri Lanka a technological research hub for automobiles

Diesel & Motor Engineering PLC (DIMO), a local agent for leading global automobile brands, expressed its willingness and commitment to make Sri Lanka a centre for automobiles technological 

Damage control

Excavators trying to control sand from washing away around some of the reclaimed parts of the now halted US $ 1.4 billion China-funded Colombo Port City. Despite the project receiving a Cabinet nod, Development Strategies and International Trade Minister Malik Samarawickrama this week refused to comment on the state of the project Pic by Pradeep Pathirana

Government on track to strengthen economy - CB Governor

Sri Lanka’s new Central Bank Governor stressed the time is now ripe to make up for lost time, with 

Germany grants SL € 13mn for development projects

The German government has provided Sri Lanka with a grant of 13 million euros to implement five 

Exporters say too many cooks spoiling the soup!

The duplication of ministry and government agency functions related to trade has created confusion and complacency in the country’s exports, Sri Lanka’s exporters said during their industry body’s annual general meeting last week. 

Hotel Show showcases futuristic displays and innovations

The 11th edition of ‘Hotel Show Colombo - 2016’ kick started yesterday at the BMICH, focusing on its theme ‘Hospitality Industry Vision 20-20’. 

Jumbo attraction

Tourists watch elephants bathe at the Pinnawela Elephant Orphanage, the country’s most popular animal attraction.  

New WB Country Director reiterates support

The World Bank (WB) reiterates that it is prepared to extend its full assistance towards Sri Lanka. The new World Bank Country Director Dr. Idah Pswarayi- Riddihough stated this when she met 

Tourist arrival targets continue to confuse tourism administration

??By Chandeepa Wettasinghe Doubts are beginning to appear within the tourism administration regarding the ability to achieve the 2.2 million tourist arrival target for 2016, as witnessed at the press 

SL-Singapore free trade pact talks begin

Singapore and Sri Lanka have started talks for a free trade pact, including measures to free up trade in goods and services as well as investments, Singapore Trade Minister S. Iswaran said yesterday.  Sri Lanka’s push to build infrastructure and develop its industries presented prospects for Singapore firms to partner with companies in the Indian Ocean nation and contribute to its growth, Iswaran said in a statement.

Moratuwa Uni team to take part in Microsoft Imagine Cup finals

After a lapse of several years, a Sri Lankan student team from the Engineering Faculty of Moratuwa 

Water resources planning key for sustainable climate adaptation in SA: experts

An international conference on climate change and water resources management has concluded that urgent action is needed to ensure South Asia is better prepared to address future climate conditions, including anticipated extremes of flooding and drought.

Dancing and promoting tourism!

Sri Lanka’s Tourism Minister John Amaratunga (L) and World Tourism Organisation (UNWTO) Secretary General 

Korea extends US $ 300mn development loans to SL

A framework arrangement enabling Sri Lanka to obtain soft loans from the Korean government up to US $ 300 million till 2018 was signed recently. This framework arrangement is based on the 

Sri Lanka targets 2.2 million tourists

A French couple takes a selfie capturing picturesque Devon Falls, a midsized waterfall named after a pioneering

VAT or no VAT?

A vendor sells toys and balls on the Galle Face promenade in the centre of Colombo. Sri L anka’s Supreme Court

ADB to support local capital Chinese FM visits market reforms

The Asian Development Bank (ADB) will be pushing for capital market reforms in Sri Lanka for the country to receive

Sri Lanka to promote trade at SAITEX in South Africa

Sri Lanka Tea Board in collaboration with Sri Lanka High Commission in Pretoria  participated  at the 

Moratuwa Uni to participate in world’s biggest student motorsport competition

A group of students representing the Mechanical Engineering Department of Moratuwa University is to take a race 

Sri Lanka launches Asia’s first Integrated Reporting Council

??By Chandeepa Wettasinghe With the view of cutting down clutter in corporate annual reports and presenting crucial 

Marking end of Ramadan

Muslims in India, Pakistan, Bangladesh, Sri Lanka and other South Asian countries have till Monday counted 28 days

Coomaraswamy says back to basics!

The incoming Central Bank Governor yesterday emphasised that the Central Bank would go back to the basics of creating sound macroeconomic fundamentals in an independent, technical and reputable 

Ceylon Chamber hails Coomaraswamy’s appointment as new Central Bank Governor

The Ceylon Chamber of Commerce (CCC) yesterday welcomed the appointment of Dr. Indrajit Coomaraswamy as the Governor of the Central Bank of Sri Lanka and extended to him its best wishes as he commences a six-year term. “Dr. Coomaraswamy, a much-respected economist with a stellar track record both in Sri Lanka and overseas, is eminently qualified for this position. He brings to this position a unique mix of skills and perspectives given his

Minister visits Tea Board stall

Plantations Minister Navin Dissanayake inspecting the Sri Lanka Tea Board stall at a recently held fancy food exhibition in  New York, USA. 

Dialog Axiata CEO receives highest honour at Asia Mobile Awards

The GSMA, the worldwide association governing the global mobile industry, on Wednesday named Dialog Axiata PLC Group CEO Dr. Hans Wijayasuriya Sri Lanka, as the recipient of the ‘Outstanding Contribution to Asian Mobile Industry Award for 2016.