The lack of leadership from the industry as a whole has resulted in Sri Lanka's failure to become a financial hub despite this being on the drawing board for over 30 years, said former Governor of the Central Bank and....

The Monetary Board of the Central Bank has decided to increase the minimum capital requirement of licensed banks, the Central Bank said yesterday. This aims to promote the ......

Showcasing   its highest efficiency through the years, the Sri Lanka Ports Authority (SLPA), for the first time in port history in Sri Lanka has exceeded the monthly throughput volume of 200,000 TEUs in August. With the total...

Ceylon Leather Products has recorded a substantial turnover of Rs 648.6 million during the financial year 2009/2010 compared with the last year’s turnover Rs 419 million. It is an increase of 55 percent compared with the...

Sri Lanka’s earnings from exports grew by 23 percent in June 2010 to US dollars 697 million led by higher earnings from the industrial and agricultural exports. Earnings from exports and expenditure on imports have grown...

Sri Lanka needs to build fashion and creative cultures that innovate new products, business models and services, Export Development Board Chairman Janaka Ratnayake told Daily News Business. He said most Sri Lankan...

Sri Lanka Telecom (SLT), the national telecommunication service provider officially announced the commissioning of its optical fibre cable system connecting the Jaffna peninsula to the south of the country via the A9 main...

"The world is highly advanced in technology today. As we live in a busy world, we always try to find easy ways and means to do our work. Time is invaluable to all of us. That's why we introduce to you a short and sweet...

The ceramic industry today faces stiff competition not only from China, but also from Bangladesh and other regional countries Sri Lanka Ceramics Council (SLCC) Chairman Dayasiri Warnakulasooriya said. “Due to the recession the...

The importance of Sri Lankan exporters securing themselves from possible product liabilities was stressed at a top level seminar last week. The Board Director of the Sri Lanka Export Development Board and Industrial....

Emmanuel Daniel the founder of The Asian Banker will address the Sri Lanka Institute of Directors (SLID) on the 'Impact of Board Room Governance on Corporate Performance' at a seminar titled "Creating Stakeholder value...

Nationally significant contributions to Sri Lanka's agriculture sector have won companies in the Hayleys Group a record seven awards at the 2010 National Agri Business Awards, the highest number by a single group. Three Hayleys...

The Government will provide Rs 5 billion to promote ‘Pure Ceylon Tea’ in the international market in the next five years. This program will be implemented from November 1 this year. Each year Rs 1 billion will be provided for the...

The Dutch Bay Resort in Kalpitiya will start their groundwork construction this month. A Water Sport project will commence construction immediately, Kalpitiya Integrated Tourism Resort Project, Additional Project Director Tissa...

The Unit Trust industry performed significantly during the fist seven months of this year. Growth and Balanced funds performed remarkably with the stock market boom. Unit Trust Association of Sri Lanka statistics revealed that...

People's Leasing Company Ltd. (PLC) entered into an agreement recently in India with Ashok Leyland Ltd. to import passenger transport buses to the value of US$ 26 million. The contract is valid for one year and expects to....

"We were memorised and spellbound for that one hour" was what Sri Lanka tourism heard from all foreigners who attended the launch of 'Feel Sri Lanka' - a concert of Sri Lankan traditional dances held at the Hotel School....

The government has decided to continue with the tax of Rs.30 per kilo on potatoes till the harvesting season is over, the Finance Ministry said yesterday. Presently potatoes produced locally are in the process of entering...

There has been a marked growth in lending with many economic activities in the Northern and Eastern provinces and banks expanding their branch network. Total assets of the banking sector as at end June recorded Rs 3.2...

Several MoUs were signed between Sri Lanka and China at the inauguration of the Sri Lanka-Yunnan (China) Exchanges and Cooperation Promotion yesterday. These MoUs were signed in the fields of tourism and leisure...

India has taken a strong interest in taking the plunge into the Sri Lankan business sector with the latest venture being Gilbert Tweed, the human resources pool company. A leading executive search practice in India, an...

The Credit Information Bureau of Sri Lanka (CRIB) has set up a special help-desk to aid those in need of help and clarifications. "As a part of this service, the country’s premier credit bureau has also established a hotline that people...

The shipping industry will be geared to contribute 40 percent of the GDP from port and port related industries with the completion of port development projects islandwide. The Colombo Port expects to handle 10 million total...

Port development projects have the highest level of private public partnerships in developing resources at national level. The other sectors need to take a cue from the shipping industry in developing different sectors...

Asian stocks fell on Wednesday, with Japan’s Nikkei at a 16-month low, as investors sold riskier assets after a spate of worrying U.S. economic data, while the yen slipped from a 15-year high on a report Tokyo was considering...

At a gala ceremony held at the Sugathadasa Stadium, the Edexcel London Examinations' High Achievers Awards presented kudos to 287 award winners from all over the country under the aegis of Chief Guest, Minister of Foreign...

The Sri Lankan tourism industry will see a new line of improvements, especially in the sphere of aviation, within the next few months. Speaking at a press conference held on Wednesday, Deputy Minister of Economic....

The total cost of environmental damage from various aspects in Sri Lanka stands at Rs 10,201 million which is 2.4 percent of the country’s Gross National Product. Speaking at the inauguration of annual convention of...

The NDB Jeevana Livelihood Training/loan scheme will be implemented in the East and it is expected to expand to the Northern areas at the second stage with assistance from NDB Bank and Mount Lavinia Hotel’s International Hotel...

Lanka Ashok Leyland PLC (LAL) will enter to a partnership with SMB Leasing PLC (formerly the Seylan Merchant Bank Group) as part of the management’s strategic initiative to provide a total transport solution to the North and the...