Cabinet approval was granted this June to abolish SVAT on January 1, 2018 subject to parliamentary approval. The SVAT abolishment was originally scheduled to become effective from April 1, 2017.  

Sri Lanka Association of Printers will be holding their annual ‘Print Owners’ Get Together’ from 6.30 p.m. on Friday 18th August, 2017 at the Ball Room of Taj Samudra Hotel, Galle Face, Colombo 3.

Upholding its commitment to the country’s business community, DFCC Bank has moved forward to support the Colombo International Tea Convention which was held from 8th to 11th August, as a strategic partner. 

Diversified conglomerate Hemas Holdings PLC to a certain extent was able to weather the slowing consumer demand during the March-June quarter (1Q18) thanks to a strong show by its hospital and logistics and maritime operations.

REUTERS: The Sri Lankan rupee ended slightly weaker yesterday as dollar demand from importers outpaced the selling of the U.S. currency by banks and exporters, dealers said.

Samsung Sri Lanka launched Galaxy J7 Max expanding its best-selling mid-range of Galaxy J smartphones. Samsung Galaxy J-series has been a flag-bearer of Samsung’s commitment to Sri Lankan consumers. 

Sri Lanka’s likelihood of experiencing a debt shock via state-owned enterprise (SOE) contingent debt may remain high until at least September 2018 due to delays in implementing energy sector cost-reflective pricing formulae, an International Mo

IflixGlobal COO, Marc Barnett was in Sri Lanka recently as iflix celebrates one year of operations in Colombo this month. Speaking to journalists at a meeting in Colombo, the COO of the world’s leading mobile-based Subscription Video on Demand

Muhunthan Canagey, who had served as the Managing Director/CEO of the government’s information technology facilitation arm, the ICT Agency (ICTA) since 2015, resigned yesterday upon the insistence of President Maithripala Sirisena.

Twenty of AIA’s top performing Wealth Planners’ Managers recently attended the AIA Leadership Summit, held at the AIA Leadership Centre located at the AIA Sathorn Tower in Bangkok. 

The slowing appetite for new loans amid higher interest rates appeared to have had limited impact on Sri Lanka’s largest private lender by assets as the bank had little trouble in growing its assets faster than most of its competitors, which su

Ceylon Tobacco PLC (CTC), which holds a virtual monopoly over manufacturing and distributing of cigarettes in Sri Lanka, saw its net profit for the period ended June 30, 2017 (2Q17) falling 3 percent year-on-year (YoY) to Rs.2.95 billion amid dwindli

Union Bank was conferred three prestigious awards for excellence at the CMO Asia Awards 2017, concluded in Singapore recently.  

eMarketingEye, the award-winning Sri Lankan Digital Marketing Agency and a pioneer in the industry, bagged 19 awards at the prestigious Horizon Interactive Awards competition  held recently. 

East West Marketing, a fully owned subsidiary of Nawaloka Holdings has widened its portfolio through ‘Bakewell’, a brand that houses an prominent range of bakery equipment to meet the emerging and growing needs of today’s out of hom

The Insurance Association of Sri Lanka (IASL) has announced that the annual National Forum for Life Insurance Advisors (NAFLIA) will be held on August 17, at the BMICH. 

It is needless to note here that the Sri Lankan economy is at a crucial juncture, mainly due to heavy public debt to be settled in the near future. 

NDB in its effort to ease off consumer credit card burden, has launched its credit card balance transfer option earlier this year with attractive handling fees.  

SDB bank has introduced a broader and efficient mechanism to collect loan payments from its customers under the name ‘Tele-collection’. 

NCE, in a press release expressed concern over the proposal to withdraw the current ‘Cess’ applicable to certain imported products, without proper consultation with the private sector.   

Ten years ago, the then Chinese President Hu Jintao announced that China needed to develop its soft power. Progress is not good. The percentage of people around the world who hold a favourable perception of China declined from 48 per cent in 2007 whe

President John Hilton on behalf of the trustee board of the Institution of Mechanical Engineers U.K. awarded the Presidential Award for meritorious services to institution’s Southern Asia Regional Chairman at their headquarters in Westminster,

Upholding its commitment to the country’s business community, DFCC Bank has stepped forward to support the Colombo International Tea Convention from 8thto 11thAugust 2017, as a Strategic 

93 Million at the half year ending June 2017. This compares to a loss of Rs.42 Million over the same period in 2016. The Group’s Gross Written Premium (GWP) of Rs.1.93 Billion is a 3% upside over

Celebrating the 150th Anniversary of Ceylon Tea

The Chartered Institute of Marketing (CIM) Sri Lanka introduced the students of leading international schools to a powerful marketing planning model and the integral role sportsmanship plays in building a successful future.

Sri Lanka Institute of Marketing (SLIM), the national body for marketing in Sri Lanka, notched yet another highly successful delivery of its mandate of creating opportunities to receive global knowledge and competencies to the Sri Lankan business fra

When you lose a contract, tender or a big sale, you may blame the weak team members or insufficient support from the technical division or working environment. Whatever the excuse, it typically is secondary to the real issue. From my long experience

Fitch Ratings has upgraded Sri Lanka Insurance Corporation Limited’s (SLIC) national insurer financial strength (IFS) rating and national long-term rating to ‘AA+(lka)’ from ‘AA(lka)’ and assigned a  ‘Stable&r

Fitch Ratings has placed Housing Development Finance Corporation Bank of Sri Lanka’s (HDFC Bank) national long-term rating of ‘BBB(lka)’on ‘Rating Watch Negative’ (RWN).