Spa Ceylon opened an all-new lifestyle experience centre at the Parkland Tower on Park Street in Colombo. It hopes to reach 100 worldwide locations in 2018.

Mr. Nirmalan Nagendra who is working as Hotel Advisory Consultant at KPMG, Colombo conducted a Hotel Management Workshop on the 26th September which was well attended by Hotel Owners and Senior Management of Colombo Hotels at Movenpick, Colombo 03.

JICA, ADB and World Bank have conducted Joint case study for their programs and projects assistance during last 10 year period. Objective of the exercise is to review experience of three development partners in supporting Sri Lanka as it moves towards its goal for sustainable and equitable provision of water and sanitation services to the people. The evaluation had been conducted by evaluation departments of three donors.

Two top WTO officials, among them the Chief of Trade Agreements, are in town for a high-level trade information session organised by the Department of Commerce in Colombo today.

The World Bank, one of the biggest supporters of Sri Lanka, has called for fast-tracking of reforms, better governance and a balance Budget if the country is to ensure sustained growth and development.

Petroleum Resources Development Minister opposes price hikes after LIOC announces urgent need
LIOC and CPC losing Rs. 17 per litre on petrol and Rs. 14 per litre on diesel due to global spikes
Fuel prices not revised since drastic reduction in January 2015
Ranatunga says relief to people important and implies CPC profitability secondary
CPC suffers operational loss of Rs. 3.8 billion in first four months of 2017, year-to-date figure tipped to be much higher
CB says financial losses made by CPC adversely affect the government budget and ultimately borne by taxpayers
Govt. has issued Treasury guarantees worth $ 1.6 billion as collateral to BOC, People’s Bank against the borrowings of CPC
Govt. tells IMF automatic fuel price adjustments by March 2018

Bavarian Motors Ltd, a company primarily involved in the importation and sale of luxury BMW vehicles, has instituted Intellectual Property action in the Commercial High Court against BMW (Bayerische Motoren Werke Aktiengesellschaft) in Munich, Germany alleging that the latter was engaged in or attempting to engage in unfair competition against the former.

UN’s specialized agency for industrial development working to usher Inclusive and sustainable industrialization framework unveiled its way forward on industry framework of Sustainable Development Goals (SDGs) on Sri Lanka for the first time. The visiting New Delhi based UNIDO Regional Representative Dr Rene Van Berkel addressing the Lankan public elaborated on background, opportunities and challenges for business from the SDGs and provide practical examples from the work of the United Nations Industrial Development Organization in South and South-East Asia on advancing inclusive and sustainable industrial development. Dr Berkel also visited Sri Lanka in July and met the Minister of Industry and Commerce Rishad Bathiudeen on 25 July.

Sri lankan Airlines has submitted a restructuring plan to the government following the president’s directive to its board of directors to reduce losses and show successful results before September this year.