Sri Lanka has the highest level of financial inclusion in South Asia with easy access to finance, according to a recently published Asian Development Bank Institute (ADBI) working paper.“In South Asia, only 33 percent of adults have an accou

The political games taking place in the country seem to have created a sense of panic in the minds of some investors in the Colombo Stock Exchange, which should not be the case, according to top brokers, who seem to be largely unconcerned about th

Sri Lanka’s consumer durable retailers will have better times with a more favourable business environment being created as a result of lower borrowing rates, reduced electricity tariffs and an upcoming cut in the ValueAdded Tax (VAT), accord

Grant Media, a member of the Grant Group was awarded the prestigious ‘Media Buying Agency of the Year’ award at the recently concluded World Marketing Congress (WMC), held at Taj Lands End, Mumbai.The annual event was organized by CMO

Jetwing Hotels Limited, the leisure arm of the Jetwing group, is expecting exponential growth in the next couple of years to come, owing to new hotels and may line up the Initial Public Offering (IPO) of its subsidiary Jetwing Symphony to coincide

The ground breaking ceremony for the iconic luxury hotel and residences, ITC Colombo One, took place today and was graced by Mr. Basil Rajapaksa, Minister for Economic Development, H.E. Mr. Y K Sinha, High Commissioner of India to Sri Lanka and Mr

The Central Bank of Sri Lanka yesterday kept policy rates unchanged for the month of November amid credit growth in September picking up to 4.6 percent from 2.6 percent in August and October inflation remaining as low as 1.6 percent year-on-year.A

The exemption of the Value-Added Tax (VAT) and Nation Building Tax (NBT) from the beer industry, coupled with the increase of excise duty to recover the lost government revenue, will form an adverse effect on the industry, according to Sri Lanka&r

Commercial Bank PLC, Sri Lanka’s largest private bank with an asset base of Rs.748.6 billion, saw its September (3Q14) net profit increasing 20.85 percent yearon-year (yoy) to Rs.3.33 billion, according to interim financial accounts r

The FH Studio takes exclusive menswear to new heights with the second edition of its annual ‘Concept’ show. ‘Concept 2015’, a fashion show of international class is conceptualized by renowned men’s fashion consultant

Sri Lanka and Bangladesh could be inking either a preferential trade agreement (PTA) or a free trade agreement (FTA) in the near future, following talks between the newly appointed Bangladeshi High Commissioner to Sri Lanka Tarik Ashan and Industr

The ever increasing list of fish species which have come under the threat of extinction – the Red List – has confined the growth of the ornamental fish exports, which bring as much as US $ 10 million foreign exchange and provide liveli

Sri Lanka’s first ever comprehensive economic census is currently being conducted by t he government’s main data collection organization, the Department of Census and Statistics (DCS) with the main objective of identifying the informal

Today, we can see that Information and Communication Technology (ICT) which is playing an enormous role in the digital era, is growing at an unprecedented pace. This has led people to access digital and social media as easy as never before

Sri Lanka’s apex state body for the promotion and regulation of Ceylon Tea, The Sri Lanka Tea Board (SLTB) has embarked on a campaign to promote the product in the vastly untapped Latin American continent that has a population over 600 milli

The recent downward revision of residential electricity tariffs have eased the headline inflation for October, as it has come further down to historically lows of 1.6 percent year-on-year (YoY) from 3.5 percent in September, according to the Depar

As part of their fleet renewal program, the national carrier SriLankan Airlines yesterday took delivery of the new Airbus A330-300, under 12 years operating lease.This is the first of the series of seven Airbus A330-300s which SriLankan is plannin

zMessenger, Sri Lanka’s largest mobile marketing solutions provider will bring together top brand leaders from FMCG, hospitality, banking and financial services to the Island’s first roundtable on mobile marketing scheduled for Thursda

Highlighting a major inaccuracy i n t he national data compiled by the Census and Statistics Department (DCS), a leading economist in the country said Sri Lanka’s published per capita income (PCI) numbers are misleading and in fact the incom

DFCC Vardhana Bank (DVB), Sri Lanka’s fastest growing commercial bank announces the introduction of the ground-breaking Lanka Money Transfer (LMT) service which will be available within the month of November 2014. This new offering is a remi

Sri Lankan equity market returns will grow 25 percent annually during the 5-years up to 2020, and the country will be flooded with foreign capital as Sri Lanka will reach investment grade status, according to an experience fund manager.According t

Top civilian security firms in the country agreed to increase the minimum wage of a security guard for a day, implement modern technology, and band t ogether against under quoting i n tenders; especially t o government institutions to ensure survi

Etisalat Lanka, one of the leading mobile telecommunications service providers, in partnership with the Department of Pensions, launched a special bundled offer of products and services exclusively for pensioners at the National Pensioners’

The Pharmaceutical department of CIC’s Healthcare division is creating a significant impact in Sri Lanka’s healthcare sector by providing people with a simple and convenient kidney dialysis product.

Ericsson and the National Mobile Service provider, Sri Lanka Telecom Mobitel today announced the signing of a memorandum of understanding (MoU) between Ericsson.....

HNB Assurance recently topped 100,000 fans on its interactive & popular Facebook page, thus becoming the only Insurance company in Sri Lanka to reach t his milestone and becoming the most active and successful Sri Lankan Insurance company in t

In most Asian countries, elders played a pivotal role in shaping our local communities. Sri Lanka was no exception, be it conducting rituals on special auspicious days or simply guiding and moulding the younger generation, elders were both revered

Sri Lanka’s largest gathering of ‘Agilists’ unfolded last month as the Colombo Agile Conference 2014, held for the second consecutive year, brought together over 400 IT professionals to dissect the latest trends and best practice