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2016 revenue tops Rs. 2.5 b mark; pre-tax profit up by 24% to Rs. 173 million 
Encouraged by the successful completion of the first phase of $ 34 million refurbishment, Hilton to commence next phase in third quarter of this year
Chairman Krishantha Cooray

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Daily FT-Colombo University MBA Alumni Association event to bring together over 20 young and future business leaders for brainstorming on upcoming 2018 Budget with Mangala and Eran

Monday, 11 September 2017 19:35

Sri Lanka eyes apparel sector boost

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Sri Lanka’s apparel sector is to gain a competitive market edge in the EU market following the restoration of GSP plus facility, Export Development Board (EDB) sources said.

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Sri Lanka will introduce a roadmap for flexible inflation targeting by October 2017 to establish inflation as the nominal anchor moving away from using the exchange rate as the de-facto anchor, on the directions of the International Monetary Fund, Central Bank (CBSL) officials said.

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The third stage of the Central Expressway (CEP III) construction project has been dragged into unwarranted abyss by certain interested parties further delaying its implementation by spreading false information, Ministry of highways officials claimed.

Saturday, 09 September 2017 08:17

Sri Lanka Tourism to promote cruise line business

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Sri Lanka Tourism explores the possibility of partnering top blue-chip companies to enter the lucrative 40 billion dollar cruise line business that is estimated to carry 22.3 million passengers, with the market growing at 3.2% in volume.

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Pan Asia Banking Corporation PLC is required to increase minimum regulatory capital further to Rs.10 billion by 1 January 2018. Fitch believes that the bank's earnings retention alone is not likely to be sufficient to achieve the capital standards, despite improved profitability, Fitch Ratings, a credit ratings agency revealed.

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Someone once said that driving is an art that is perfected every time you take to the wheel. It also requires a vehicle that is an extension of your personality. Mitsubishi’s Outlander PHEV, the world’s first plug-in hybrid electric SUV is especially designed to create more than just a regular driving experience.

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The 21st Presidential Export Award Ceremony organized by the Sri Lanka Export Development Board (EDB) will be held on Thursday 14th September 2017 at 10.00 a.m. at the Bandaranaike Memorial International Conference Hall (BMICH). HE the president will be chief guest at this event.

Friday, 08 September 2017 05:45

Malik says Singapore FTA to be inked in Oct.

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“We have completed five rounds of negotiations with Singapore and we hope to finalise the agreement by the end of October,” Development Strategies and International Trade Minister Malik Samarawickrama said at the annual SAARC Trade Fair and Investment Forum held in Colombo.

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