General Biz confidence rises for fourth consecutive month
The latest edition of business magazine LMD reports an increase of five basis points in the LMD-Nielsen Business Confidence Index (BCI), from 122 in December…
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Business EPF gets zero returns from majority of private equity investments
EPF has invested Rs.10.8bn in 7 private equity investments up to 2014 Of that, Rs.9.3bn has not generated any returns to this date Only 2 investments in…
Technology Udayanga detained at Dubai airport
Former Sri Lankan Ambassador to Russia Udayanga Weeratunga had been reportedly detained at the Dubai Airport this morning, while in transit to the United…
Technology Sri Lanka fights, yet loses to Thailand
Davis Cup Tennis in Colombo Sans the services of their key player, Harshana Godamanna, all expected a one-sided affair yet Sri Lanka gave the visiting Thais a…
Crime Australian personal budget management service to enter Sri Lanka
MyBudget Pte Ltd, Australia’s largest and most trusted firm for providing personal budget management services has announced that it will be officially entering…
Business World’s top investment bank Lazard explores SL, works with MTI
Recognised as one of the world’s preeminent financial advisory and asset management firms, 170-year-old Lazard has shown interest in Sri Lanka, with a visit…
Crime Bond scams: EPF loses over Rs. 26 bn
* PCoI’s, AG’s estimates challenged * Anti-corruption activist drops bomshell The total loss incurred by the Employment Providence Fund (EPF) due to the bond…
Education State honours for Ven. Prof. Bellanwila Wimalarathana Thera on February 8
The Cremation with State honours of Venerable Prof.Bellanwila Wimalarathana Anunayake Thera will be held on February 8, at the Sri Jayawardenapura University…
General Mendis would benefit from opening the batting- Thilan
Sri Lanka’s new coaching set-up believes that Kusal Mendis would benefit from opening the batting in Tests. He has responded by scoring 196 on return and…
Technology PCOI to probe Srilankan Airlines & Mihin Air
The Presidential Commission of Inquiry to look into malpractices reported at SriLankan Airlines and Mihin Air proposed by the President has been appointed. The…
Business Global giant Allianz to buy Janashakthi General Insurance for Rs. 16.4 b in mega deal
Global financial services leader Allianz yesterday announced that it has entered into an agreement with Janashakthi Insurance PLC (JINS) to acquire 100% of its…
Crime Former Mt. Lavinia Crimes OIC detained over Lasantha’s murder
The CID had taken into custody the former Crimes OIC of the Mount Lavinia Police on a 48 hour detention order over the killing of Sunday Leader Editor Lasantha…
Politics AG confirms President’s trillion rupee loan claim
But differs on period at issue, and lending sources Close on the heels of President Maithripala Sirisena’s controversial claim that foreign loans amounting to…
Sports Royal couple lays foundation stone for SLTA’s new Tennis Complex
Prince Edward Earl of Wessex and Countess Sophie who will be the chief guests at Sri Lanka’s 70th Independence Day celebrations on February 4 representing Her…
Weather Natural rain water drainage in Colombo
In the past good or bad the rain water flowing across the ground in Colombo, eventually found its way into the Beira, and through over flows into the sea or…
Business Singer revenue tops Rs. 51.5 billion despite tough business conditions
Singer (Sri Lanka) PLC announced its Group results for the year ended December 31, 2017. The results showed an increase in Group revenue of 9.8 % compared to…
Business National Economic Council to draw input from multiple stakeholders to ensure sound policies
Think tanks to offer advice on economic, social, environmental and civil society impact of new policies and programs NEC to seek industrial and business…
Business IPS Highlights the Importance of Developing Skills in Sri Lankan Graduates
While Sri Lanka has been performing well at the primary education level, significant policy gaps exist when it comes to secondary and tertiary education, IPS…
Crime Walkers Colombo Shipyard launches fourth vessel ‘Sea Gulf 3’
Walkers Colombo Shipyard (Pvt) Ltd, a subsidiary of MTD Walkers PLC, has successfully completed the construction of its fourth vessel, a 10 ton bollard pull…
Politics Not an ounce of human talent will be wasted-PM
Prime Minister Ranil Wickremesinghe pledged not to waste even an ounce of human talent in Sri Lanka when he addressed employees of WNS Global Services (Pvt)…
Sports University of Moratuwa Engineering whizzkids dazzle with balcony greenhouses and cricket boots
Impress anyone and you are assured of a lucrative job. The stakes are high for the 32 teams of fourth-year students, totalling 120, as MechX-2018, an…
Politics Amendment to Bribery Act:Cabinet gives go ahead
Cabinet has given the go ahead to amend a Section of the Bribery Act, which will allow High Courts to hear bribery and corruption cases. The proposal presented…
Business Sri Lanka records highest-ever apparel exports
Sri Lanka recorded its highest-ever level of apparel exports during the year ended 31 December 2017, courtesy of the restoration of the Generalized System of…
Politics Nirmala wary of China’s Sri Lanka plans
Whether it will stop with port activities at Hambantota remains a question, says the Defence Minister Hinting at security concerns over Sri Lanka…