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Inflation in June 2017

Inflation, as measured by the change in the National Consumer Price Index (NCPI) (2013=100), which is compiled by the Department of Census and Statistics (DCS), decelerated to 6.3 per cent in June 2017 from 7.1 per cent in May 2017, on year-on-year basis. Both Food and Non-food categories contributed towards the year-on-year inflation in June…

(0) Comments | July 22, 2017 3:08 pm


Healthy and Beautiful Skin with VLCC

Skin care treatment is an essential part of today’s modern lifestyle. Pollution and high-stress lives take a toll on health and it is the skin that displays the unhealthiness the most. Ageing skin, spots, wrinkles and pimples not only create a huge impact on physical appearance but also on a person’s self-esteem and self-worth. However,…

(0) Comments | July 21, 2017 10:58 pm

Bespoke Weddings at Waters Edge

A wedding is an extravagant and extremely joyful event but anyone who has ever planned a wedding can speak for the amount of chores and work that goes into making sure that it goes off without a hitch. Regardless of whether you are only inviting your closest family and friends or literally going to town,…

(0) Comments | July 21, 2017 10:53 pm

HNB partners with Sri Lanka Customs for real-time customs duty payments

HNB, Sri Lanka’s largest private sector bank now offers its retail and corporate customers real-time, customs duty payment facility with Sri Lanka Customs. HNB customers can now avail themselves of the streamlined approach of the on-line payment platform to pay customs duty and other payments. The facility is enabled through Lanka Clear and can be…

(0) Comments | July 21, 2017 10:43 pm

IIT students showcase innovation and entrepreneurship at ‘Cutting Edge 2017’

The Informatics Institute of Technology (IIT), a pioneer in providing British higher education in Information Technology and Business in Sri Lanka, recently held its annual Cutting Edge Exhibition at BMICH. IIT students displayed innovative projects at Cutting Edge 2017 which was themed “Internet of Things and Entrepreneurship.”  This year’s exhibition included over 70 IT and…

(0) Comments | July 21, 2017 10:37 pm

Women in Management confers ‘Gold’ on Darshi Talpahewa of Hayleys at ‘Top 50 Professional & Career Women Awards 2017’

At a glittering ceremony held recently, hosted by Women In Management and IFC, part of the World Bank group, Darshi Talpahewa, Group Head of HR, Legal, Security, Corporate Communications & Sustainability of Hayleys PLC, received the Gold award in Career Achievement for her leadership and mentorship and role in the extensive portfolio of responsibilities within…

(0) Comments | July 21, 2017 10:27 pm

Singer’s ‘Suraksha’ helps rebuild lives post-floods

The devastating floods, one of the worst in Sri Lanka’s recent history left thousands homeless and distraught. During such trying times the true Sri Lankan nature of togetherness and reaching out to one another regardless of caste, creed and religion is testament to the unity and strength of our people. Singer Sri Lanka (PLC), a…

(0) Comments | July 21, 2017 10:23 pm

Startup X Foundry steals the show at Disrupt Asia 2017

Showcasing three outstanding new startups in acceleration as its launch ventures, StartupX Foundry stole the show at Disrupt Asia 2017, held at Hilton Colombo on the 12th of July. The newly established Startup incubator/Accelerator is a pioneer of its kind launched in May 2017 and joined hands with ICTA for the first public showcase of…

(0) Comments | July 21, 2017 10:17 pm

Graduate Management Admission Council opens NMAT by GMAC test center in Sri Lanka

Simplified process: Multiple login methods and increased payment options Colombo, Sri Lanka, July 6, 2017: In its endeavor to connect talent with right career opportunities, Graduate Management Admission Council today announced the commencement of NMAT by GMAC test center in Sri Lanka for the first time. This will help the MBA aspirants based in Sri…

(0) Comments | July 21, 2017 2:47 pm

English Nursing Care Services Launched in Colombo

English Nursing Care Services, aiming to set the benchmark for home nursing care in Sri Lanka, celebrated their launch in Colombo yesterday. Situated in Colombo 10, English Nursing Care Services is a Registered Nurse supervised home nursing service, allowing for quality care in your own home. Richard Gould, Managing Director, English Nursing Care Services, said:…

(0) Comments | July 21, 2017 12:47 pm

STAX and Sri Lanka Institute of Directors present 2017 Family Business Survey and Panel Discussion for Family Business Leaders

Global strategy consulting firm STAX in collaboration with the Sri Lanka Institute of Directors (SLID), presents ‘Taking Over the Mantle’, an event to unveil the results from the first-ever survey of Sri Lankan family firms and a vibrant panel discussion with some of Sri Lanka’s finest family business leaders across generations. Moderated by Director of…

(0) Comments | July 20, 2017 1:47 pm

Top News

Fitch Affirms Ratings of 10 Sri Lankan Finance Companies

Fitch Ratings has affirmed the ratings of the following finance companies: – People’s Leasing & Finance PLC (PLC) – Central Finance Company PLC (CF) – Melsta Regal Finance Ltd (MRF) – HNB Grameen Finance Limited (HGL) – LB Finance PLC (LB) – Siyapatha Finance PLC (Siyapatha) – Senkadagala Finance PLC (Senka) – AMW Capital Leasing…

(0) Comments | July 22, 2017 2:50 pm

Sri Lankan shares post over 1-month closing low; blue chips lead

Reuters – Sri Lankan shares fell for an eighth session in nine in thin trade on Friday and posted a more than one-month closing low, with blue chips leading the losers. The Colombo stock index ended 0.22 percent lower at 6,669.51, its lowest close since June 14, and its fifth straight session of falls. “The…

(0) Comments | July 22, 2017 2:45 pm

Sri Lanka Customs launches online payment platform for Customs Declarations

Established more than 200 years ago in 1809, Sri Lanka Customs is one of the oldest Customs administrations in the world. In their quest to be a leading promoter of advanced technology driven Customs operations in the region, Sri Lanka Customs created history by implementing a state-of-the-art online payment platform for Customs payments in partnership…

(0) Comments | July 21, 2017 2:56 pm

Practical examinations for driving licenses to be regulated

The Cabinet of Ministers this week approved a proposal on preparation of a suitable method to conduct practical examinations for issuing of driving licenses in a more qualitative and productive manner. According to the proposal, a committee of officials will be appointed to prepare reports with suitable recommendations in this regard. The proposal was made…

(0) Comments | July 21, 2017 12:56 pm

Travel goods from Sri Lanka to enjoy duty free entry to the US

Export of travel goods from Sri Lanka will enjoy duty free entry to the United States following a decision by the US administration to approve the inclusion of travel goods from all GSP beneficiary countries, including Sri Lanka, in the expanded US General System of Preferences (GSP) scheme on 1st July, 2017. This would enable…

(0) Comments | July 21, 2017 12:16 pm

Sri Lankan shares fall for seventh session in eight; foreigners buy

Reuters – Sri Lankan shares fell for a seventh session in eight on Thursday and posted their lowest close in a month with blue chips leading the losers. However, foreign investors bought into risky assets, limiting the downside. The Colombo stock index ended 0.16 percent lower at 6,684.47, its lowest close since June 19, and…

(0) Comments | July 21, 2017 10:41 am

Sri Lanka’s tallest building gets shaky from the start

Deputy Chairman of the World Capital Centre (WCC), Dr. Senaka de Silva declared that the WCC was 100 percent a private business, and as such, would be constructed solely with the funding of foreign direct investments. He proceeded to declare that not a single cent would be obtained from local banks. Deputy Chairman Dr. Senaka…

(0) Comments | July 21, 2017 10:35 am

First copy of ‘A Supplement to A Preparer’s Guide to Integrated Corporate Reporting’ by CA Sri Lanka, IRCSL presented to IIRC CEO

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) in collaboration with the Integrated Reporting Council of Sri Lanka (IRCSL) recently launched ‘A Supplement to A Preparer’s Guide to Integrated Corporate Reporting’ in the presence of Mr. Richard Howitt, Chief Executive Officer of the International Integrated Reporting Council (IIRC). The supplement aims to…

(0) Comments | July 20, 2017 5:30 pm
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Building the case for aggressive investment in Sri Lanka’s increasingly iconic real-estate sector

By Rohan Parikh – Managing Director, Iconic Developments (Pvt.) Ltd: Having gathered extensive expertise designing and executing internationally renowned real-estate projects across Asia and the Middle-East, we have learned through experience that the truth on the ground can often get distorted when viewed through the kaleidoscopic lenses of political, economic and social commentary that often…

(0) Comments | July 17, 2017 8:18 pm

Application Support: Embracing Taboo

By Misnad Haque: Utter the words, “Application Support” and you will be met with a variety of reactions. To some, it merely translates into extended work hours. Another popular reaction is that of condescension, where the word “support” implies “assistance”, hence an Application Support Engineer would qualify as an Assistant to the more proficient “Developer”….

(0) Comments | July 17, 2017 7:59 pm

Perceived Economic Opportunity PEO: April, 2017

Expectation On Ability To Save And Business Performance Increses Despite The Downward Trend Of Expectation For Reduction Of Corruption Status Of Job Prospects Or Business Performance Analysis of the perceived economic opportunities in the month of April 2017 indicates that the expectations in terms of job prospects of people or developing the status of their…

(0) Comments | July 4, 2017 1:56 pm
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