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Oman oil minister excited to be part of Sri Lanka oil refinery project

HAMBANTOTA, Sri Lanka (Reuters) – Oman’s oil minister said on Sunday he was excited to be part of a Sri Lanka oil refinery project in a sign that plans for the sultanate’s involvement may be back on track. Sri Lanka said last week that Oman Oil Co had made clear it was interested in taking…

(0) Comments | March 25, 2019 7:50 am


Celebrating togetherness this season with Dankotuwa Porcelain

Giving old traditions a new light through an exquisite range of Avurudu themed tableware Gifting Offers special card and cash discounts this Avurudu   Dankotuwa Porcelain PLC, renowned for its luxurious and elegant porcelain tableware, is all ready to celebrate the festive season with pomp and flare.  Celebrating the values of togetherness, love and the…

(0) Comments | March 25, 2019 12:56 pm

Avurudu bonanza from Pannipitiya Private Hospital

A 25 % discount for all medical health check packages till April 20 One of the most prominent hospitals in the island, Pannipitiya Private Hospital will offer its customers health check medical packages for the lowest costs to mark the coming festive season. This is by offering its customers a premium 25 % discount for…

(0) Comments | March 25, 2019 12:54 pm

Sampath Bank Sports Club holds Annual Colours Night

Continuing to nurture and support sports at all levels, Sampath Bank Sports Club honored its sportsmen and women at its Colours Night 2018 held at Grand Monarch, Thalawathugoda recently.   Mr. Nanda Fernando, Managing Director – Sampath Bank PLC, was the Chief Guest at the event, which was attended by more than 200 of the Bank’s sports stars from…

(0) Comments | March 25, 2019 11:54 am

Softlogic Life looks to sow seeds for a greener Sri Lanka through ‘Api Thuru Mithuru’ project

Aims to plant 100,000 trees through the campaign Taking on the challenge of creating a greener Sri Lanka for future generations, the country’s fastest-growing life insurance provider, Softlogic Life, announced the launch of the ‘Api Thuru Mithuru’ sustainability project that aims to plant 100,000 trees. Utilizing specially-designed seeds in a special package, Softlogic Life’s aggressive…

(0) Comments | March 25, 2019 11:34 am

Mobitel facilitates ‘The Clairvoyants’ Presented by Cinnamon Life – a magic-mentalist show – as Official Communication Partner

Mobitel is proud to be the Official Communication Partner for the highly anticipated show, The Clairvoyants presented by Cinnamon Life, featuring the world-renowned magician and mentalist duo, Amélie van Tass and Thommy Ten, who are the world champions of mindreading and will present a fantastic new world of mentalism and unique illusions to its audience…

(0) Comments | March 23, 2019 1:05 pm

The Kingsbury gives the Gift of Knowledge to Pamunugama Child Development Centre

The Kingsbury Hotel, Colombo, The premier five star hotel in the leisure sector of Hayleys PLC recently provided the gift of knowledge to over 40 children in the Pamunugama Child Development Centre. The children were present during the Christmas tree lighting of the hotel and subsequently received a donation of over 400 children’s books, seasonal…

(0) Comments | March 23, 2019 1:00 pm

Iconic Galaxy celebrates conclusion of first phase of construction

Leading infrastructure and property developer Iconic Developments announced the successful completion of construction of phase one of their latest high-end modern living space, Iconic Galaxy in Rajagiriya. The first seven levels of Iconic Galaxy have been completed, along with a 30 feet wide bridge road, which connects Buthgamuwa Road to the property. Iconic Galaxy celebrated…

(0) Comments | March 23, 2019 12:51 pm

Mastercard connects its cardholders to world-class healthcare

~ Offers savings of up to 40 percent at leading healthcare service providers across South East Asia, Hong Kong, and Australia Mastercard (NYSE: MA) today unveiled a suite of added healthcare benefits for Mastercard branded consumer credit cardholders in Sri Lanka. The company has partnered with Global Health and Travel, and Fullerton Health to offer…

(0) Comments | March 23, 2019 12:47 pm

Seylan Bank: Title sponsor and official banking partner for Kadella Construction Expo 2019

The Bank with a heart extended its presence as the Title sponsor and Official banking partner for Kedella Construction Expo 2019, Sri Lanka’s most sought after Housing Exhibition for the sixth consecutive year. Organised by the Asia Exhibitions & Conventions (Pvt) Ltd., Kedella Construct Expo 2019 engrossed over 35,000 participants representing diverse segments.   With…

(0) Comments | March 23, 2019 12:39 pm

Water for All – Aquifer Management Systems revitalise resettled communities

Muthun Murugaiya provides water for 15 families. The 60-year-old has the only working well in the neighbourhood in his front garden. Just feet away, the community well lies dry – groundwater is low in the village of Veemankamam in Sri Lanka’s Jaffna District. During the dry season there is a not a drop to be…

(0) Comments | March 23, 2019 12:33 pm

Top News

Concessional Loan of US$ 989 million from the EXIM Bank of China for Central Expressway Project – Section 1 from Kadawatha to Meerigama

Government of Sri Lanka has accorded high importance to the development of infrastructure including expressway network with inter-connectivity as it will directly contribute to the economic growth and will have indirect effects in raising the productivity and efficiency in different economic sectors. To complement the existing expressway network, Central Expressway Project (CEP) has been initiated…

(0) Comments | March 22, 2019 12:17 pm

China’s Port in Sri Lanka Could Get Boost From Proposed Refinery

Bloomberg – A proposed oil refinery in Sri Lanka could boost a barely used Chinese-operated port that has piled on debt for the country and fueled criticism of President Xi Jinping’s signature Belt and Road infrastructure-building initiative. The $3.9 billion refinery project will be located near the southern Sri Lankan port of Hambantota, which was…

(0) Comments | March 22, 2019 11:12 am

Inflation Increased in February 2019

Headline inflation as measured by the yearon-year change in the National Consumer Price Index (NCPI, 2013=100) increased to 2.4 per cent in February 2019 from 1.2 per cent in January 2019 mainly due to the base effect. Meanwhile, year-on-year Non-food inflation increased to 6.7 per cent in February 2019 from 6.5 per cent in January…

(0) Comments | March 22, 2019 8:07 am

Sri Lanka shares fall for 4th session; rupee ends firmer

Reuters – Sri Lanka’s share index fell for a fourth straight session on Thursday to a more than 6-year closing low as investors exited the island nation’s risky assets, while they awaited cues from the third and final vote on the 2019 budget, market sources said. ** The Colombo Stock Exchange index fell 0.36 percent…

(0) Comments | March 22, 2019 7:50 am

Issuances of International Sovereign Bonds (ISB) by the Central Bank of Sri Lanka

With reference to the recent paper articles on the governance process and issuing yields relating to the 5-year and 10-year International Sovereign Bonds (ISBs) issued by the Central Bank of Sri Lanka (CBSL) on behalf of the Government of Sri Lanka (GOSL), the CBSL wishes to make the following clarifications: (a) There has been a clear operational procedure…

(0) Comments | March 21, 2019 4:20 pm

Sri Lanka to discuss on Draft National Policy on LNG

The Ministry of Highways & Road Development together with Petroleum Resources Development has developed the draft national policy on natural gas with a view to establish and develop the natural gas industry in Sri Lanka. With the view of further improvement and development of the policy, Public Utilities Commission of Sri Lanka together along with…

(0) Comments | March 21, 2019 1:42 pm

Asia prepares for crop battle with Fall Armyworm

UN’s Food and Agriculture Organization warns pest is “here to stay” – but it can be managed to limit damage   An insect that can infest and damage hundreds of hectares of maize fields, literally overnight, is sweeping across Asia – alarming smallholder farmers and threatening livelihoods – but the damage can be limited, the…

(0) Comments | March 21, 2019 1:25 pm

Oman denies it has agreed to invest in Sri Lanka oil refinery project

NEW DELHI, (Reuters) – Oman’s oil ministry on Wednesday denied being part of a $3.85 billion plan to build an oil refinery in Sri Lanka, a day after the government in Colombo announced the Arab country’s participation. Sri Lankan officials told a news conference on Tuesday that a joint venture between the Oman oil ministry and…

(0) Comments | March 21, 2019 7:48 am
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MullenLowe Sri Lanka and Breakthrough Business Intelligence identify 12 power points about the evolving Sri Lankan consumer that will shape your brand and business

As Sri Lanka steps-up to middle income status, Sri Lankans are stepping up to new opportunities and challenges. Based on their experience in working with brands and interacting with consumers on a regular basis, Dilini Jayasuriya – Executive Director of Breakthrough Business Intelligence (Pvt) Ltd. and Abhishek Hariharan – Associate Vice President & Head of…

(0) Comments | March 6, 2019 1:30 pm

Study: HR and Finance say Short-Termism and Culture clashes are biggest barriers to collaboration

~ Global study examines how data and analytics can bring finance and HR teams together A short-term mindset and entrenched cultural habits are the biggest barriers to collaboration between HR and finance teams according to a new study from Oracle. The study of 1,510 HR, finance and business professionals found that in order to successfully unlock the value…

(0) Comments | January 31, 2019 6:39 pm

Perceived Economic Opportunity PEO: Third Quarter 2018

This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a random sample of 400 men and women covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months.   STATUS OF JOB PROSPECTS OR BUSINESS PERFORMANCE   Analysis of…

(0) Comments | January 17, 2019 9:24 am
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