Asia Pacific the engine of the global economy

By Shamshad Akhtar   Asia and the Pacific remains the engine of the global economy. It continues to power trade, investment and jobs the world over....

Finance Minister holds discussion with ADB to expedite projects in Sri Lanka

The Minister of Finance and Media Mangala Samaraweera who is attending the 51st Annual meeting of the ADB in Manila had discussions  with Mr. In-Chang Song an...

85 percent of businesses plan to invest in digital transformation

Virtusa Corporation (NASDAQ GS:VRTU), a global provider of digital engineering and IT outsourcing services that accelerate business outcomes for its clients, announced the findings of...

Standard Chartered arranges Sri Lanka’s sovereign bond offering

Standard Chartered acting as a Joint Lead Manager arranged a US$ 2.5 billion International Sovereign Bond Offering on behalf of Sri Lanka. The bank successfully...

Sri Lanka says opening of Bank of China in Colombo a key step

Sri Lanka says the opening of Bank of China will be important for investments and also Sri Lanka's economy. Prime Minister Ranil Wickremesinghe, speaking at...

A young woman’s guide to a career in Information Technology

By Chinthi Weerasinghe   Sri Lanka continues to rise as a preferred Information Technology (IT) Business Process Management (BPM) destination. Leading names in IT and IT-enabled services...

Executive Coach to Steve Jobs to coach in Sri Lanka in June

After the unprecedented success arising from ‘Ron Kaufman Live in Sri Lanka’ in 2017, SLIM signed an MOU with the best-selling author and coach...

Allianz completes Janashakthi General Insurance acquisition

Allianz announced today that the company has completed its acquisition of Janashakthi General Insurance Limited, after receiving all the necessary regulatory approvals. This transaction brings together...

Indian Bank ramping up overseas branches in Sri Lanka

Public sector Indian Bank has undertaken initiatives to increase business at its overseas branches in Sri Lanka and Singapore, a top official has said. "Our operations (in...

Singaporean companies exploring investments in Sri Lanka

The Singapore Business Mission to Sri Lanka organized by the Singapore Business Federation (SBF) together with International Enterprise Singapore (IES) and Singapore Indian Chamber...

Sri Lanka Tourism gets to grips with Colombo’s tourism boom

Since 2009, Sri Lanka has witnessed far-reaching development when it comes to the hospitality and travel industry. Consider the fact that there has been a...

Sri Lanka-UAE bilateral trade turnover tops US$ 1.34 billion

The total bilateral trade turnover between Sri Lanka and the UAE has now reached over US$ 1.34 billion, the Consulate General of Sri Lanka to...

CSE records strongest ever start to a year in Foreign Investments

Record breaking foreign investment in the Sri Lankan stock market has continued into 2018, with Rs. 4 billion in net foreign purchases during the...

British Prime Minister appoints Trade Envoy for Sri Lanka

British Prime Minister Theresa May has appointed Ranil Jayawardena, MP, as her trade envoy for Sri Lanka. Jayawardena’s role as trade envoy will be to...

CSE awarded ISO Certification for Quality Management in HR

The Colombo Stock Exchange was recently awarded the ISO 9001: 2015 Quality Management System certificate for Human Resources by Bureau Veritas Certification Holding SAS...

Embassy of Sri Lanka in Beijing connects with Fliggy Online Visa

The Embassy of Sri Lanka in Beijing was invited by Alibaba Group to attend the launching ceremony of Fliggy Online Visa Centre on 29th January...

Highest foreign direct investments to Sri Lanka in 2017 from China

The highest Foreign Direct Investment (FDI) into Sri Lanka in 2017 came from China, Sri Lanka’s Board of Investment (BOI) said in a statement. The...

Qatar-Sri Lanka trade volume reaches $73 million in 2017

The total trade volume between Qatar and Sri Lanka stood at $73 mn in 2017, according to Qatar Chamber vice chairman Mohamed bin Towar...

Overseas fly by nights holding out as brokers illegitimately

Overseas Companies are acting and holding themselves out as insurance brokers, when they are clearly not authorized to do so. These companies are not Registered Insurance and Re Insurance Brokers in...

Trade between Australia and Sri Lanka reaches $1.3 billion

Trade between Australia and Sri Lanka has surged to a record high of A$1.3 billion in 2016-17, on the back of strong growth in...