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India proud of development partnership with Sri Lanka

The Indian High Commissioner to Sri Lanka, Taranjit Singh Sandhu, said that whether it be the rehabilitation of the KKS Harbour, or setting up of model villages across the country, or helping the farming and fishing communities in the South or extension of emergency ambulance service island-wide, India is proud of the fact that she…

(0) Comments | March 18, 2018 3:59 pm


EWIS powers Trinity College Smart Classrooms

Stage 1 of the Project – 18 classrooms, Digitalized with Ewis Smart Classroom Solution Project totally funded by the Trinity College Old Boys Association – Colombo Branch Every unit installed in the classrooms were ceremonially inaugurated by distinguished Old Boys of the Trinity College Old Boys Association – Colombo Branch Sri Lankan education system is…

(0) Comments | March 15, 2018 2:34 pm

INSEE Sanstha Wins People’s Award for Seventh Successive Year

Marking an unprecedented achievement in Sri Lanka’s construction industry, INSEE Cement’s most preferred and recognized brand Sanstha won the People’s Housing and Construction Brand of the Year for the seventh consecutive year at the SLIM-Nielsen People’s Awards 2018.   Organized by the Sri Lanka Institute of Marketing (SLIM), the SLIM-Nielsen People’s Awards is the only…

(0) Comments | March 15, 2018 11:39 am

Sri Lankans Vote ‘Dialog’ as the Telecom Service Provider and Internet Service Provider of the Year once again

Sri Lankan consumers once again voted Dialog as the Telecom Service Provider and Internet Service Provider of the Year at the prestigious SLIM-Nielsen People’s Awards 2018. The People’s Awards are based on the feedback and votes of Sri Lankan consumers, and Dialog was voted as the preferred Telecom Service Provider for a record seventh year…

(0) Comments | March 15, 2018 11:35 am

Malabe- Sri Lanka’s Fastest Growing Residential & IT hub

Malabe is a suburb of the greater Colombo area, in the Colombo district, Western Province of Sri Lanka home to a population of 1000 . A predominantly residential area Malabe is now rapidly expanding into an information technology and higher education hub in the Greater Colombo area. Malabe lies in close proximity to both Colombo,…

(0) Comments | March 15, 2018 11:25 am

AMDT launches ‘Creative Career Courses’

Expanding the Sri Lankan Creative Industry to the ‘Global Creative Community”   The ‘Academy of Multimedia Design & Technology’ (AMDT) accelerates along while working to provide you the best opportunities to live a passionate life; doing what you love for a living. AMDT has added a new complete range of ‘Creative Career Courses’ for the…

(0) Comments | March 15, 2018 11:21 am

DSI announces launch of 18th DSI Supersport Schools Volleyball Championship

On the 13th of March 2018, DSI announced the launch of the 18th DSI Supersport Schools Volleyball Championship at a press conference at the Hotel Nippon. The number one footwear manufacturer in the country has come forward, with the support of the Sri Lanka Volleyball Federation and the School Volleyball Association of the Ministry of…

(0) Comments | March 15, 2018 9:57 am

HNB Connect launch set to redefine customer service

Sri Lanka’s leading retail sector bank, HNB PLC, announced the launch of HNB Connect, a fully integrated omni-channel contact centre open every day for any customer any inquiry into the bank’s vast range of products and services. Powered by a dedicated team of 80 Customer Engagement Associates and Specialists, the HNB Connect team has been…

(0) Comments | March 15, 2018 9:41 am

Jaffna Central College clinches Mobitel-sponsored ‘Battle of the North’ Big Match title

Sri Lanka’s National Mobile Service Provider, Mobitel, was the Principal Sponsor of the high profile ‘2018 Battle of the North 112th Cricket Encounter’ organized by Jaffna Central College and St. John’s College Jaffna, which concluded successfully. The Big Match between the two Jaffna schools was held on 8, 9 & 10th March 2018, with Jaffna Central…

(0) Comments | March 15, 2018 9:22 am

Hyundai Lanka Foundation donates the first collection to SOS Children’s Villages Sri Lanka

With a strong focus on enabling the people of Sri Lanka to achieve their fullest potential through holistic social and entrepreneurial development, Hyundai Lanka Foundation, the CSR arm established by Hyundai Lanka (Pvt). Ltd, donated its maiden collection to the SOS Children’s Villages Sri Lanka recently. Launched for the season in December 2017, The Hyundai…

(0) Comments | March 14, 2018 12:41 pm

Sarvodaya Finance offers island-wide ATM access via LankaPay ATM Network

Sarvodaya Development Finance Ltd., a leading financial firm in the forefront of micro finance industry, recently entered into a partnership with LankaPay Common ATM Network in a bid to facilitate island-wide ATM access to its discerning customers. Incorporating cutting edge technology to boost its operations, Sarvodaya Finance will be offering the exclusive LankaPay solutions viz….

(0) Comments | March 14, 2018 12:37 pm

Top News

Sri Lankan stocks recover as investors buy select blue chips

Reuters – Sri Lankan shares rose marginally on Friday, recovering from a one-and-a-half-month closing low hit in the previous session, as investors bought select blue chips in low volumes while lower economic growth weighed on the market. The statistics department said after markets hours on Thursday that the economy grew at 3.1 percent in 2017…

(0) Comments | March 18, 2018 3:05 pm

Take advantage of our strategic location, Minister tells Japanese investor forum

Japanese businesses must take advantage of Sri Lanka’s strategic location, preferential market access into key economies, and be early movers in the country’s new growth drive, remarked Minister of Development Strategies and International Trade Malik Samarawickrama at an investor forum in Tokyo. He was speaking to a forum of over 300 Japanese businesses alongside the…

(0) Comments | March 16, 2018 12:00 pm

IAEA extends support to Sri Lanka’s development

The International atomic energy agency (IAEA) Director General Yukiya Amano says that the IAEA will extend its support to Sri Lanka to achieve future development goals.The visiting IAEA Director made these remarks when he made an observation visit to the new office premises of Sri Lanka Atomic Energy Board on Wednesday (March 14) during his…

(0) Comments | March 16, 2018 11:59 am

Sri Lankan stocks fall to 1-1/2-month closing low on foreign selling

Reuters – Sri Lankan shares extended falls on Thursday to a one-and-a-half-month closing low as foreign investors continued to reduce their holdings on expectation of an interest rate hike by the U.S. Federal Reserve at its next meeting. Foreign investors sold a net 56.7 million rupees ($363,578.07) worth of shares, but they have been net…

(0) Comments | March 16, 2018 11:21 am

Communicating Sustainability: Six Recommendations for Listed Companies

The Colombo Stock Exchange announces the launch of ‘Communicating Sustainability: Six Recommendations for Listed Companies’, a publication launched with the objective of assisting listed companies to address environmental, social and governance (ESG) factors in their capital market communication. The publication consolidates current practices of investors and issuers and offers key insights into strategies that could…

(0) Comments | March 15, 2018 3:41 pm

Softlogic Life enters strategic Reinsurance partnership with SCOR and Toa Re

With the objective of gaining fresh insights and greater value, Sri Lanka’s dynamic and innovative life insurer Softlogic Life has announced a strategic partnership with SCOR and Toa Re, two of the largest Reinsurance companies in the world. The high-level agreement, which transitions Softlogic Life’s health portfolio to SCOR and Toa Re, will bring fresh…

(0) Comments | March 15, 2018 2:25 pm

Dialog, in Exclusive Partnership with Samsung, Announces Pre-Order for Samsung Galaxy S9 & S9 Plus

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider and the exclusive partner network for Samsung in Sri Lanka, announced the launch of the Samsung Galaxy S9 and S9 Plus along with pre-order facilities. As the only network that supports 4G VoLTE (Voice over Long-Term Evolution), Dialog offers the ultimate user experience for customers through network…

(0) Comments | March 15, 2018 11:34 am

Sri Lankan stocks fall on foreign selling

Reuters – Sri Lankan shares fell on Wednesday from their highest close in nearly two weeks hit in the previous session, as selling by foreign investors weighed on sentiment, brokers said. Foreign investors sold a net 183.3 million rupees ($1.18 million) worth of shares, but they have been net buyers of 7.1 billion rupees worth…

(0) Comments | March 15, 2018 10:44 am
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Business Sentiment – Pre-Election Confidence Intact

Corporates play it safe as biz sentiment consolidates ahead of the recent elections Much of this year to date has been spent anticipating the outcome of the local government (LG) polls, analysing the shock result in the wee hours of 11 February, and then the possible impact of political and economic aftershocks… as our politicians…

(0) Comments | March 14, 2018 10:32 am

Land Price Index – Second Half of 2017

The Central Bank of Sri Lanka (CBSL) compiles and analyses several indicators, in order to monitor the developments in the real estate sector. Accordingly, the Land Price Index (LPI) is compiled biannually covering the Colombo District since 1998. In the compilation process of LPI, CBSL uses the land price data collected by the Valuation Department…

(0) Comments | March 2, 2018 2:33 pm

Business Sentiment – Biz Confidence Inches Up At End 2017

The business confidence gauge remains intact for the time being ahead of more elections In early December, Sri Lanka formally handed over the Hambantota Port to China on a 99 year lease despite criticism that the move could lead to an erosion of the country’s standing as a sovereign state. The southern port has incurred…

(0) Comments | January 29, 2018 1:09 pm
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