Latest News

New projects to improve RPC Estates utilities, social infrastructure

Feb 06, 2016 (LBT)  – The Quality of life of the nearly one million population residing in Regional Plantation Company (RPC) estates is set to improve substantially, as a result of several major projects which are expected to commence this year – particularly initiatives focused on providing new individual housing, ... Read more

Business | Hits: 20 | Comments

‘The Rise of Digital India’ exhibition at BMICH begins

Feb 06, 2016 (LBT)  – ‘The Rise of Digital India’ exhibition is being organised by the High Commission of India, Colombo at the BMICH from 6 - 20, February 6 to 20 as part of Sangam: Festival of India in Sri Lanka. The exhibition will be inaugurated by the Minister ... Read more

Business | Hits: 19 | Comments

People’s Bank publishes memoirs of late Chairman, W. Karunajeewa

Feb 06, 2016 (LBT)  – People’s Bank recently released the memoirs of the late W. Karunajeewa, former Chairman of People’s Bank and People Leasing and Finance PLC titled Janajeewa Karunajeewa, which was written by Bandara Eheliyagoda. The book outlines his various achievements in both his professional life and his impactful ... Read more

Business | Hits: 18 | Comments

Commercial Bank support for apparel sector with ‘Ransalu Privilege Card’

Feb 06, 2016 (LBT)  – Sri Lanka’s apparel sector associates are to be supported by the country’s largest private bank with an exclusive Debit Card that confers special benefits, under a partnership between the Commercial Bank of Ceylon, the Joint Apparel Association Forum (JAAF) and Channel 17, the company tasked ... Read more

Business | Hits: 22 | Comments

Eighth International Footwear & Leather Show opens today at BMICH

Feb 05, 2016 (LBT) – The Footwear and Leather Fair 2016, the eighth in its successful series, opens today, February 5 at the BMICH. The Footwear and Leather fair series is a joint effort of Ministry of Development Strategies and International Trade, Sri Lanka Export Development Board (EDB), the Ministry of ... Read more

Business | Hits: 41 | Comments

‘Rural Economic Empowerment Programme’ successfully launched

Feb 05, 2016 (LBT) – The Rural Economic Empowerment Programme, a joint effort between the CCC Solutions of the Ceylon Chamber of Commerce and CITI Bank, Sri Lanka, which is aimed at nurturing prospective rural entrepreneurs, successfully conducted its inaugural ‘entrepreneurship’ training program in the district of Puttalam recently. It ... Read more

Business | Hits: 43 | Comments

Pakistan removes Import Trade Price on Sri Lankan MDF Boards

Feb 05, 2016 (LBT) – The Sri Lanka-Pakistan talks held in November 2014 has resulted in a new trade concession for Lankan exporters and boosted bilateral trade between the countries. The first relief as a result of post-November talks is the removal of Import Trade Price slapped by Pakistan on Medium ... Read more

Business | Hits: 57 | Comments

Five int’l designers to catwalk Colombo Fashion Week from Feb. 20 - 26

Feb 04, 2016 (LBT)  – Amid high expectations, dazzling talent and grandeur glamour, the 2016 edition of HSBC Colombo Fashion Week (CFW), will be showcased from February 20 to 26. Unveiling fashion trends for season 2017, in its 13th year, CFW has grown progressively in aspiring towards its goal of ... Read more

Business | Hits: 76 | Comments

Omani Chamber of Commerce Delegation Visit the National Chamber

Feb 04, 2016 (LBT) – A team of delegates  from the Omani Chamber of  Commerce & Industry, headed by Chairman Said Saleh Said Al Kiyumi, met the Chamber President, Thilak Godamanna and officials of the Chamber and had cordial discussions on establishing trade links with Oman. The Chairman of the ... Read more

Business | Hits: 43 | Comments

‘Gastronomic Symphony’ - the unique culinary experience in Colombo

Feb 04, 2016 (LBT) – ‘Gastronomic Symphony’ - a one of a kind, multisensory dining experience to arrive at Colombo’s dining scene, sets ablaze all five senses of Taste, Touch, Sight, Smell and Hearing through a unique culinary voyage of gastronomic experience elevated by music and, orchestrated by Jehan Aloysius. It ... Read more

Business | Hits: 43 | Comments

Royal Turf Club formed – aims to boost sports tourism

Feb 04, 2016 (LBT) – The exciting sport of horse racing with its glamour, prestige and showmanship has long held a place in the hearts and history of Sri Lanka. In the 1840’s Mr John Baker introduced this illustrious sport with the inaugural race taking place at the Nuwara Eliya ... Read more

Business | Hits: 40 | Comments

MA’s Cooking Studio Culinary Program builds winning teams

Feb 04, 2016 (LBT) – Challenging your team to accept and adapt to change and build winning teams does not always mean awkward hours in a cramped room or clinging to a rope fearing for your life. Sri Lanka’s well-known spice brand, MA’s Food’s has re-imagined training and team building ... Read more

Business | Hits: 47 | Comments

SLT Introduces SEA-ME-WE 5 Submarine Cable System and First Tier 4 ready Data Center to Sri Lanka

Feb 03, 2016 (LBT) – In 2014 SLT proudly announced its partnership with 15 international telecommunication operators representing 17 countries, in the formation of a consortium in order to build the South East Asia - Middle East - Western Europe 5 (SEA-ME-WE 5) state-of-the-art undersea cable system. The 1st of ... Read more

Business | Hits: 77 | Comments

Cars@Duplication brings down its first batch of Ford Mustangs and teams with to market on

Feb 03, 2016 (LBT) – Automotive enthusiasts are in for a long-awaited treat, as American muscle cars are made available for purchase for the very first time at Cars@Duplication with online viewing exclusively available on The dealership will introduce to Sri Lankan consumers six Ford Mustangs of a 1000 ... Read more

Business | Hits: 74 | Comments

RDA, Korea Eximbank bid to build tunnel to ease Kandy traffic congestion

Feb 03, 2016 (LBT) – The Road Development Authority (RDA) of Sri Lanka and the Export-Import Bank of Korea (Korea Eximbank) will collaborate to explore durable solutions to ease the traffic woes that have plagued Kandy for the past decade. For all the tranquility that the Kandy city offers its ... Read more

Business | Hits: 63 | Comments

Sri Lanka Investment & Business Conclave 2016 from March 8-10

Feb 03, 2016 (LBT) – The upcoming ‘Sri Lanka Investment & Business Conclave 2016’, organized by the Ceylon Chamber of Commerce, has seen wide interest from investors from across the globe. Over 30 Investors from countries such as, Australia, Bangladesh, China, Egypt, Germany, Georgia, Kuwait, Pakistan and Singapore have already registered ... Read more

Business | Hits: 90 | Comments

Commercial Bank opens second branch in BIA Departure Terminal

Feb 03, 2016 (LBT) – The Commercial Bank of Ceylon has opened a second branch at the Bandaranaike International Airport (BIA) Katunayake, to serve the foreign currency needs of passengers using its Departure Terminal. The new branch will be open around the clock, 365 days of the year, and will serve ... Read more

Business | Hits: 63 | Comments

John Keells/SGIT wins SAP Award for Customer Excellence Award

Feb 03, 2016 (LBT) – Strategic Group IT (SGIT) of John Keells Holdings PLC, the Group’s IT arm as well as a boutique IT Consultancy and Services Organization, has won the SAP ACE (Award for Customer Excellence) Award for the 3rd time. They were given this award under the category, ... Read more

Business | Hits: 60 | Comments

Custom-grown lilies for Sri Lankan weddings from Lassana Flora

Feb 03, 2016 (LBT) – Lassana Flora takes Sri Lanka’s floral industry to new heights in the New Year with the introduction of a variety of custom-grown lilies for Sri Lankan weddings. The company grows different varieties of lilies with a Dutch technical collaboration in the Company’s nurseries in Nuwara ... Read more

Business | Hits: 76 | Comments

PUC Director General on Electricity Trade in South Asian Region

Feb 02, 2016 (LBT) – Damitha Kumarasinghe, Director General of Public Utilities Commission of Sri Lanka, addressing the 22nd Steering Committee Meeting of South Asia Forum for Infrastructure Regulation (SAFIR) held New Delhi, India recently, spoke about the Sustainable Development of Power Sector and Enhancement of Electricity Trade in the ... Read more

Business | Hits: 78 | Comments

  • 0
  • 1
  • 2

Interest in green buildings increased between 2014 and 2015

Feb 05, 2016 (LBT) – New research reveals 79 per cent of real estate agents surveyed in Sri Lanka believe interest in green buildings increased between 2014 and 2015. This is according to the recently-released Lamudi Real Estate Market Report, which shares insight into sustainability in Sri Lanka. One survey conducted by Lamudi Sri Lanka showed over 64 percent of respondents consider sustainable features to be significant in the house-hunting process. According to data from the 2015 GRESB Report, the global property industry is increasingly aware of sustainability, with the global sustainability within the sector improving across environmental, social, and governance performance. On a local scale, Sri Lanka has only just begun to show signs of movement toward sustainable real estate. The government has announced plans to construct green buildings from 2016 in an attempt to create a healthier environment and minimise the usage of energy and water. In a move toward sustainable development, older properties in Sri Lanka are now incorporating eco-friendly elements, specifically solar panels, to reduce emissions and electricity bills, and conserve energy. Jafar Jafarov, Managing Director of Lamudi Sri Lanka, commented: “As an emerging nation, Sri Lanka has taken early steps to develop sustainable real estate. There are now buildings ... Read more

Opinions | Hits: 27 | Comments

Why the world should fear Buddhist Fundamentalists

By Shenali Waduge Jan 22, 2016 (LBT) - Of late much funding has gone to ridicule the Buddhists. They have also been referred to as ‘racists’ ‘extremists’ ‘terrorists’ ‘militants’ and even ‘clowns’. Obviously, some people are very annoyed with the teachings of Buddha. The urban dictionary describes fundamentalism as “A person who takes their religion so literally and to such extremes that they contradict the very basis of their faith. They typically believe in a literal, verbatim interpretation of their scripture”. The last part is interesting. This means that people are complaining about Buddhist fundamentalists taking their scripture to the extremes… in other words they are against the Buddhists reaching nirvana! That is rather odd isn’t it! Those that refer to people following the extremist side of their religion are called fundamentalists. If we take the Bible, what are the quotes that Christians follow to extremity! From Christianity: Just imagine Christian fundamentalists following these commandments to the word! “Do not think that I have come to bring peace on earth; I have not come to bring peace, but with a sword. For I have come to set a man against his father, and a daughter against her mother, and a daughter-in-law against her ... Read more

Opinions | Hits: 269 | Comments

The Rise of female entrepreneurs in the emerging markets

Dec 22, 2015 (LBT) - Men traditionally rule the business world. Particularly, when it comes to technology. However, an increasing number of women entrepreneurs are driving business innovation in the emerging markets, including Sri Lanka. While there are still gender challenges, women in the emerging markets are overcoming obstacles to break through the glass ceiling. As these developing countries advance technologically, and become increasingly startup-savvy, women are helping to revolutionize the business landscapes in Sri Lanka, as well as across Asia, Africa, Latin America and the Middle East. And it’s not only individual businesses that are affected by the presence of women at C-level. According to a recent report from EY, tapping into women’s economic potential could have the equivalent effect of an additional one billion people in business and in the workforce. Sri Lanka’s business landscape is transforming. One example of this is the Women’s Chamber of Industry and Commerce (WCIC) in Sri Lanka. According to the president of the organization, women currently contribute approximately 70 percent of the country’s foreign exchange revenue. However, there is still a long way to go. According to recent research, while 51 percent of Sri Lanka’s population is female, only around five percent of members elected ... Read more

Opinions | Hits: 1735 | Comments


Expolanka turnover records Rs. 2.6 Bn

Feb 02, 2016 (LBT) – Both ASPI and S&P SL20 closed in green due to price gains in counters such as Ceylon Tobacco Company, John Keells Holdings and Distilleries with turnover crossing Rs 3.8 Bn. High net worth and institutional investor participation was witnessed in Expolanka Holdings, Central Finance Company, Lanka Ashok Leyland, Commercial Bank and Ceylon Tobacco Company. Mixed interest was observed in Three Acre Farms and People's Leasing & Finance whilst retail interest was noted in Ceylon Grain Elevators and Piramal Glass. Meanwhile, foreigners remained active closing as net buyers. Total foreign purchases accounted for 73.0% of turnover. Diversified sector was the top contributor to the market turnover (due to Expolanka Holdings) whilst the sector index gained 1.20%. The share price of Expolanka ... Read more

Movement | Business Editor | Hits: 59 | Comments

Month commences with gains

Feb 01, 2016 (LBT) - The price gains in counters such as John Keells Holdings, Commercial Bank and Carson Cumberbatch resulted in indices closing in green. Turnover hit a one month low of Rs 273 Mn. High net worth and institutional investor participation was witnessed in People's Leasing & Finance. Mixed interest was observed in John Keells Holdings, Lion Brewery and DFCC Bank whilst retail interest was noted in Janashakthi Insurance Company, Vidullanka and Ceylon Grain Elevators. Meanwhile, foreigners remained active closing as net sellers mainly due to foreign selling in National Development Bank and People's Leasing & Finance. Banks, Finance and Insurance sector was the top contributor to the market turnover (due to National Development Bank, People's Leasing & Finance and DFCC ... Read more

Movement | Business Editor | Hits: 41 | Comments

ASPI records 8.0% losses for January

Jan 29, 2016 (LBT) - Both ASPI and S&P SL20 closed in green due to price gains in counters such as Nestle Lanka, Hemas Holdings and Distilleries with turnover crossing Rs 387 Mn. High net worth and institutional investor participation was witnessed in Sampath Bank. Mixed interest was observed in DFCC Bank and People's Insurance whilst retail interest was noted in Bairaha Farms and Ceylon Grain Elevators. Meanwhile, foreigners closed as net sellers mainly due to foreign selling in Sampath Bank, Commercial Bank and Hatton National Bank. During the week, the ASPI and S&P SL20 lost 0.66% and 0.40% respectively. Banks, Finance and Insurance sector was the top contributor to the market turnover (due to Sampath Bank, DFCC Bank, Commercial Bank, National Development Bank and ... Read more

Movement | Business Editor | Hits: 102 | Comments

You need Flash player 6+ and JavaScript enabled to view this video.