Both manufacturing and services activities in Sri Lanka expanded at a slower rate in January 2018 compared to December 2017, the Sri Lanka Purchasing Managers’ Index (PMI) survey compiled by Central Bank’s Statistics Department showed.&nb

MUMBAI (REUTERS): India’s City Union Bank said yesterday that ‘cyber criminals’ had hacked its systems and transferred nearly US$2 million through three unauthorized remittances to lenders overseas via the SWIFT financial platform.

One-off gains lifted the Softlogic Holdings PLC’s December quarter (3Q18), which is currently going through an exercise to reduce its group debt that weighs on profits as the borrowing costs continue to climb.

Sri Lanka could run the risk of defaulting on its loan payments during the next four-year period, if fiscal policy is loosened drastically, according to Central Bank Governor Dr. Indrajit Coomaraswamy.

Pathfinder Foundation (PF), in association with the Embassy of the Islamic Republic of Iran and in collaboration with the Strategic Council for Foreign Relations (SCFR) held a round-table conference on the theme ‘Iran and the Indian Ocean in th

President of Sri Lanka Chamber of Small and Medium Industries was appreciated at the recently concluded awards ceremony organized by the Chamber itself in Colombo.

The inauguration of the 12th Annual Inspection Workshop of the International Forum of Independent Audit Regulators (IFIAR), hosted by Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB) will take place at the Kings Court, Cinnamon

The National Chamber of Exporters of Sri Lanka will conduct a seminar on tax, fiscal, and other issues related to the new Foreign Exchange Act, the New Inland Revenue Act, budget proposals for 2018 and the Sri Lanka-Singapore treaty for prevention of

Training workshops highlighting salient features of the ISO 17025:2017 will be held from the 19th -23rd February, with the first two days at the MILODA Academy of Financial Studies and the final three days at the Sri Lanka Accreditation Board (SLAB)

To encourage Advanced Level students gain a better understanding on the importance of developing a business plan and to also help harness the entrepreneurial skills among future business leaders, the Business Plan Competition organised by the Institu

MTI Consulting, through their proven international market-entry methodology has enabled the makers of Samahan and Sudantha to breakthrough into the fast growing Vietnam and Myanmar market. 

AFP: Asian stock markets climbed yesterday in thin holiday trade, led by gains in Tokyo, as volatility eased after last week’s rollercoaster ride. Tokyo tracked Wall Street higher as investors gradually regained confidence heading into the week

AFP: Palm oil giant Indonesia is pressing the European Union to abandon plans to apply strict environmental standards to the sector and silence ‘negative’ criticism about the commodity, documents obtained by AFP have revealed.

AFP: American lender US Bancorp has agreed to pay US$613 million to US authorities for violations of money laundering controls, including an attempted cover-up, federal prosecutors announced Thursday.

AFP: The heads of Sweden’s largest companies, including clothing giant H&M and telecoms maker Ericsson, denounced yesterday deportations of highly-skilled workers as the nation’s technology sector suffers a shortage of staff. 

State Minister of Finance Eran Wickramaratne represented Sri Lanka at the first global conference of the platform for collaboration on tax, which commenced at the United Nations Headquarters in New York on February 14th.

REUTERS: Unknown hackers stole 339.5 million rubles (US$6 million) in an attack on the SWIFT international payments messaging system in Russia last year, the Russian Central Bank said yesterday.

The Sri Lankan government had obtained Asian Development Bank (ADB) financial assistance worth US$ 100 million in 2016 to finance the Small and Medium-Sized Enterprises (SME) Line of Credit Project. 

AFP: US regulators Thursday blocked the purchase of the Chicago Stock Exchange (CHX) by a group of investors including the Chinese company Chongqing Casin.

Titan, one of the world’s leading watch brands, recently unveiled its latest timepiece collection, the Titan Edge Date.

Looking for the perfect place to host a traditional and exciting Avurudhu celebration for your office? Then look no further than Colombo’s culinary hub Waters Edge that is fully-equipped with perfect locations, an internationally acclaimed culi

Col. Henry Steele Olcott Memorial Sports Foundation conducted the inaugural leadership programme for the students of Olcott schools – Nalanda, Dharmasoka, Maliyadeva, Rahula, Dharmaraja, Mahinda and Ananda College, recently.

One of the most anticipated consumer promotions in the island, ‘Sunquick Drink & Win’ recently concluded yet another successful segment.  With valuable gifts being awarded every year, the campaign awarded 100 lucky customers with

A lecture and discussion on “Trade theory and Global Experience on Trade Protection; its Benefits and Limitations” was held at the Sri Lanka Export Development Board recently with the participation of Professor Robert Lawrence, Professor

Nothing brings people together more like a combination of good food, drinks and music. Colombo’s entertainment hub Waters Edge is combining its culinary expertise with some of the best bands in the country to bring to you the ‘Brew &

ReeBonn Cosmetics (Pvt.) Ltd, a pioneering herbal cosmetic company operating in Sri Lanka, unveiled its newest product, ‘ReeBonn Fairness Body Lotion’ that gives a bright, soft and glowing skin to the users. 

The flag carrier for Lavazza Coffee and the only total coffee solutions provider in Sri Lanka, Colombo Coffee Company (CCC), recently opened doors to Sri Lanka’s first dedicated coffee store. 

Delving further into the realm of virtual reality shopping, Aviraté is yet again shaking things up in the retail industry with the launch of its ‘3D Virtual Store’ – a virtual shopping experience. 

Union Bank partnered Union Assurance PLC (UA) with the bank’s revolutionary cash management solution Union Bank Biz Direct, enabling greater cash management efficiency for the leading insurer.

Fitch Ratings has assigned Commercial Bank of Ceylon PLC’s (CB, AA(lka)/Stable) proposed Basel III-compliant subordinated unsecured debentures of up to Rs.10 billion an expected National Long-Term Rating of ‘AA-(lka)(EXP)’.