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A leading architect and two young architecture students from Sri Lanka attended this year’s World Architecture Festival in Berlin.

An annual report by global consultancy firm Mercer has declared Hong Kong as the world’s most expensive city for expatriates to live in.

Sri Lanka is enlisting its surging tourism and provincial cottage infrastructure to transform its struggling handloom produce to global markets. And the national blueprint for this transformation is now ready.

New York: Sri Lanka was among the four countries which won Awards for Excellence in Human Development Reporting at a ceremony held at the United Nations Headquarters on 6 December.

Saturday, 10 December 2016 09:02

Rate hike looms in 2017: IMF

The International Monetary Fund (IMF) yesterday termed Sri Lanka’s performance under its Extended Fund Facility (EFF) “broadly satisfactory” and praised the Government for exceeding targets in revenue collection

Acquisition valued at $ 70 million marks Group Lease Public Company’s first major expansion outside of the ASEAN region
Deal also nets CCF subsidiary BG Microfinance Myanmar for $ 8 m

Pioneering business magazine LMD has announced that its ‘Sri Lankan Of The Year’ for 2016 is the Governor of the Central Bank of Sri Lanka (CBSL) Dr. Indrajit Coomaraswamy.

Friday, 09 December 2016 09:02

Treasury takes over Public Funds

With the aim of tackling the current cash flow problem, the government explores the possibility of taking over the management control of public funds functioning under the purview of state institutions and bringing those funds under the Treasury.

The government's is to setup eleven Industrial and Technological Development Zones island wide estates with the view of spread the industrial development to rural areas, produce value added products with rural resources, and increase highly paid employment opportunities in villages.

The Government will fall short of the 2017 revenue from import taxes by Rs.25 billion owing to the proposed reduction of cess on 100 items is implemented during the course of the year, Parliamentary Committee on Public Accounts warned.

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