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500 Startups' Pankaj Jain partners with Venture Engine for June 30 workshop

Partner at 500 Startups, Pankaj Jain, will be hosting a 2-hour workshop for Venture Engine participants, as well as other Sri Lanka-based start-ups, on June 30, 2016, at Lankan Angel Network Incubation Centre in Colombo 04. This event is part of Venture Engine’s long-running workshop series, which frequently offers opportunities to not only learn from,…

(0)Comments | June 15, 2016 10:58 am

Sri Lanka Institute of Tourism & Hotel Management to hold 37th Graduation Ceremony

The Sri Lanka Institute of Tourism & Hotel Management (SLITHM), the country’s national tourism and hospitality management institute, will hold its 37th Graduation Ceremony for 100 students on Friday June 17, 2016 at the BMICH Main Conference and Concert Hall. The ceremony will be held in the presence of dignitaries from the government, hospitality industry…

(0)Comments | June 15, 2016 10:52 am

IMF Executive Board Concludes Article IV Consultation with Sri Lanka

On June 3, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Sri Lanka. The Sri Lankan economy has good underlying momentum but is starting to show signs of strain from a combination of an increasingly difficult external environment and challenging policy adjustments. Real GDP growth was 4.8…

(0)Comments | June 15, 2016 10:11 am

Ceylon Chamber to conduct seminar on ‘WTO Trade Facilitation Agreement’

The Ceylon Chamber of Commerce will conduct a seminar on the WTO’ Trade Facilitation Agreement and its relevance for the Lankan businesses. The seminar to be held at the Ceylon Chamber of Commerce on the 27th June, starting at 2.30 pm, will see several senior trade officials and experts on the subject lining up to…

(0)Comments | June 15, 2016 9:48 am

Sri Lankan shares end lower on interest rate, foreign outflow worries

Reuters – Sri Lankan shares closed lower on Tuesday, slipping from a more than one-week high hit in the previous session, on concerns over rising interest rates and foreign fund outflows. Treasury bill yields have risen between 16 and 36 basis points to near three-year highs in the last three weekly auctions through Wednesday despite…

(0)Comments | June 14, 2016 11:41 pm

Sri Lanka innovation portfolio measuring starts in Colombo

Work on Sri Lanka’s long awaited national Innovation Index which is set to measure the Lankan innovation portfolio, began in Colombo on 14 June-and the top UN agency tasked with world Intellectual Property (IP) development says many new IP projects have been earmarked for Colombo in future. “In view of the rapidly expanding knowledge–driven global…

(0)Comments | June 14, 2016 1:30 pm

Brandix reaffirms it cares with 367 water projects in 18 districts in 2015-16

The Brandix Group’s continuing efforts to improve access to water in rural communities resulted in 367 water supply projects being completed in 2015-16, Sri Lanka’s largest apparel exporter reports. The projects implemented included wells, pipe-borne water connections, water supply systems, tube wells, deep tube wells, rainwater harvesting systems and water filters over the 12 months,…

(0)Comments | June 14, 2016 11:41 am

ADB, Sri Lanka Sign $2 Million Grant For Flood and Landslide Relief

The Government of Sri Lanka and the Asian Development Bank (ADB) signed a $2 million grant agreement to finance relief efforts in the country following the recent floods and landslides which claimed the lives of around a hundred people and damaged the homes and livelihoods of hundreds of thousands more. “Considering the scope of the…

(0)Comments | June 14, 2016 10:41 am

Sri Lankan shares close at more than 1-wk high

Reuters – Sri Lankan shares closed at a more than one-week high on Monday as investor sentiment remained upbeat following approval of a key loan by the International Monetary Fund, but concerns over rising interest rates and foreign fund outflows capped gains. The IMF’s executive board approved a three-year, $1.5 billion loan to support Sri…

(0)Comments | June 13, 2016 11:20 pm

SriLankan Holidays’ Rumble in the Jungle 2016 from 14-17 June

It’s time again for Sri Lanka’s premier mountain biking challenge, SriLankan Holidays’ Rumble in the Jungle 2016, a grueling four-day battle with nature for bikers of many nations from 14-17 June, being held for the second time. Captain Suren Ratwatte, SriLankan Airlines’ CEO, said: “SriLankan Airlines salutes the men and women who are taking up…

(0)Comments | June 13, 2016 5:00 pm

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