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General Electric wins tender for 12 locomotives for upcountry railway line

Views - 1085 Saturday, 17 February 2018 00:00

Cabinet on Wednesday gave the green light to procure 12 locomotives for the upcountry railway line from US company General Electric (GE) at a cost of $ 4.056 million per engine, Cabinet Co-spokesperson Gayantha Karunathilaka said on Thursday.

CB assures SL off money laundering watch list by Oct.

Views - 249 Saturday, 17 February 2018 00:00

The Central Bank yesterday expressed confidence that its renewed efforts to meet international compliance guidelines will see the country’s ratings return to safe territory later this year.

CID to courier fresh court notice to former CB Chief

Views - 580 Saturday, 17 February 2018 00:00

The Criminal Investigations Department (CID) will ensure that the fresh court notice issued to Former Central Bank Governor Arjun Mahindran to appear in court via currier service and Express Registered International Post is delivered, a top Attorney

UPFA not ready to throw in towel yet

Views - 262 Saturday, 17 February 2018 00:00

The United People’s Freedom Alliance (UPFA) yesterday said that efforts to form their own Government have not been abandoned yet, despite Prime Minister Ranil Wickremesinghe’s statement to re-establish his authority.

Key to ensuring family businesses deliver returns across generations

Views - 367 Friday, 16 February 2018 00:00

In Sri Lanka, as in many parts of the world, family-run businesses contribute substantially to the country’s economic growth

The Mall at One Galle Face aims to transforms Sri Lanka’s retail landscape

Views - 1189 Friday, 16 February 2018 00:00

The Mall at One Galle Face recently celebrated a project milestone of partnering with their Anchor Tenants with a signing

Performance review of insurance industry in 3Q of 2017

Views - 136 Friday, 16 February 2018 00:00

The insurance industry was able to achieve a growth of 15.53% (Q3, 2016: 16.97%) in terms of overall Gross Written Premium

CB chief calls for political stability

Views - 1601 Friday, 16 February 2018 00:00

Central Bank Governor Dr. Indrajit Coomaraswamy yesterday rang an alarm bell over Sri Lanka’s political leaders calling for a quick

CID seeks Interpol assistance in catching Mahendran

Views - 1772 Friday, 16 February 2018 00:00

The Criminal Investigations Division (CID) has sought the assistance of Interpol to locate former Central Bank Governor Arjun Mahendran.

Softlogic Holdings’ profits soar

Views - 820 Friday, 16 February 2018 00:00

Softlogic Holdings Plc yesterday reported impressive results for the third quarter with healthy growth all round.

Island of Ingenuity national brand for ICT/BPM launched

Views - 1038 Friday, 16 February 2018 00:00

Sri Lanka’s latest national branding attempt for the ICT/BPM sector ‘IOI - Island of Ingenuity’ was officially launched yesterday,

Coalition proposes Cabinet reshuffle to bridge divide

Views - 2593 Friday, 16 February 2018 00:00

The National Unity Government will continue despite the deep crisis it has been plunged into but with major changes to the Cabinet composition

UNP, SLFP mull fresh compromises on offer

Views - 890 Friday, 16 February 2018 00:00

As frantic efforts continued to keep the crisis-gripped National Unity Government together, Law and Order Minister Sagala Ratnayaka

Dhammika Perera picks up last of world’s 50 Bentley Mulsanne Hallmarks

Views - 25183 Thursday, 15 February 2018 01:00

Dhammika Perera, the richest business leader in Sri Lanka, has taken delivery of his prized - and perhaps the first in the South and Southeast Asia or the Middle East - Bentley Mulsanne Hallmark, worth around Rs. 160 million, inclusive of import duty

Stalemate in Sri Lanka!

Views - 3927 Thursday, 15 February 2018 01:00

In a tit-for-tat move, the Sri Lanka Freedom Party (SLFP)-led UPFA threatened to oust Prime Minister Ranil Wickremesinghe and form its own Government, under the premiership of senior party man and current Transport and Civil Aviation Minister Nimal S

CID team sent to arrest Udayanga comes back empty handed

Views - 2763 Thursday, 15 February 2018 00:59

Tea industry unites to call for lifting of glyphosate ban or viable alternative in face of mounting

Views - 540 Thursday, 15 February 2018 00:59

Tea industry stakeholders including Sri Lanka Tea Board (SLTB) Chairman Rohan Pethiyagoda have called on policy makers to urgently re-evaluate the arbitrary ban imposed on glyphosate-based weedicides in light of overwhelming scientific consensus that

Govt. revenue from cigarettes dips by Rs. 18 b in 2017

Views - 325 Thursday, 15 February 2018 00:57

Ceylon Tobacco Company PLC (CTC) said yesterday s that its contribution to government revenue, through excise, taxes and levies, fell to Rs. 117.3 billion during the year ending 31 December 2017, compared with the Rs. 135 billion targeted. The Compan

Elections Commission explains reasons for delay in releasing results

Views - 216 Thursday, 15 February 2018 00:57

Accepting complete responsibility for the delay in issuing election results, Elections Commission Chairman Mahinda Deshapriya revealed that a malfunction in the computer software used to tally the election results had been the main cause for the dela

COMBANK sets new digital banking record with Rs. 663 b in transactions

Views - 224 Thursday, 15 February 2018 00:55

A whopping Rs. 662.95 billion was transacted through digital banking channels alone, by customers of the Commercial Bank of Ceylon in 2017. This is the highest value the bank has handled digitally in a single year since the launch of its mobile and o

Bank of Ceylon steps into state-of-the-art digital frontier with opening of ‘BOC DIGI’ in Kandy

Views - 200 Thursday, 15 February 2018 00:00

Bank of Ceylon, recognised as Sri Lanka’s No. 1 Brand, as part of its digitalisation journey launched its first flagship ‘BOC DIGI’ in Kandy City Centre recently. Located at the ultra-modern commercial and shopping complex, the Kandy City Centr

President-PM meet for late night talks amid hints of cabinet reshuffle

Views - 336 Thursday, 15 February 2018 00:00

Even as both the UNP and SLFP engaged in major political grandstanding that cast serious doubt on the fate of the Unity Government, President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe met again for late night talks yesterday.

Virtusa to achieve $ 1 b plus revenue milestone in FY18

Views - 1434 Wednesday, 14 February 2018 00:10

Global business consulting and IT outsourcing specialist Virtusa’s revenue in the fiscal year 2018 is expected to top the $ 1 billion milestone, an achievement coming slightly earlier than anticipated.

Ironman 70.3 Colombo to attract $ 3 m revenue for tourism industry

Views - 1059 Wednesday, 14 February 2018 00:05

The first-ever South Asian Ironman 70.3 triathlon event is all set to be staged in Sri Lanka on 25 February, with over $ 3 million

Removal of PM: Experts warn President’s options limited by 19A

Views - 2828 Wednesday, 14 February 2018 00:03

The enactment of the historic 19th Amendment continues to have profound relevance on the options open to President Maithripala Sirisena as crisis deepens in the ruling coalition, with legal experts warning that a 2003 style take-over of ministries by

Singaporean companies exploring investment opportunities in Sri Lanka

Views - 374 Wednesday, 14 February 2018 00:00

Accenture, the Singapore business mission to Sri Lanka organised by the Singapore Business Federation (SBF), together with International Enterprise Singapore

Leo Burnett’s Murtaza A. Tajbhoy first Sri Lankan to win the IAA Champion Award

Views - 138 Wednesday, 14 February 2018 00:00

Leo Burnett Sri Lanka Chief Strategy Officer Murtaza A. Tajbhoy was awarded the IAA Champion Award. He is the first Sri Lankan

Crunch talks to check coalition crack

Views - 4370 Wednesday, 14 February 2018 00:00

The enactment of the historic 19th Amendment continues to have profound relevance on the options open to President Maithripala Sirisena

CB seen keeping policy rates steady; rate cut not ruled out

Views - 327 Wednesday, 14 February 2018 00:00

Reuters: Central bank is expected to keep key interest rates unchanged on Thursday, a Reuters poll showed, but a surprise

RIL Property to raise Rs. 1.6 b via Rights Issue

Views - 305 Wednesday, 14 February 2018 00:00

RIL Property Plc plans to raise Rs. 1.6 billion via a one for three Rights Issues to settle part of the long-term loan facilities obtained by the company.

Today's Columnists

Tamil actor Kamal Haasan stars in new role as political leader

Saturday, 24 February 2018

Srinivasan Kamal Haasan is one of India’s foremost film actors. Known popularly as Kamal, the talented and versatile thespian has not only excelled as an actor onscreen, but has successfully engaged in other cinematic spheres too. The multi-faceted

Yameen’s economic offensive to counter political adversity ahead of presidential poll

Saturday, 24 February 2018

The embattled Maldivian President Abdulla Yameen, who is facing intense political opposition both in and out of the country, hopes to win the September, 2018 presidential election using a combination of political belligerence and a strong economic pr

In the end, there was nothing

Saturday, 24 February 2018

Much more than a storm in a tea cup! To a non-discerning person, it all seemed like the final battle of the counter revolution. President Sirisena was up in smoke trying to oust Prime Minister Ranil Wickremesinghe for no articulated reason. He asked

Shouldn’t Govt. prevent parliamentary system from decay and destruction?

Friday, 23 February 2018

The wrong people teach us the best lessons. As a clever nation, we had always used our ballot and chased the wrong people

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