Sri Lanka News Explorer
Last 7 Days
Older News
- Older than 2023-Nov (445)
- 2024-Jan (2)
- 2024-Mar (1)
- 2024-Apr (2)
Narrow by Category
- Business (382)
- Breaking News (68)
Last week’s resignation of Dr. Nalaka Godahewa from three tourism entities whilst remaining Tourism Development Authority Chairman as exclusively reported by the Daily FT is being linked by industry circles as a direct fallout with Treasury Secretary Dr. P.B. Jayasundera. The strained
- Tourism development strategy finalised (Category: Breaking News)
- Sri Lanka opens up for a 4 million domestic tourism industry (Category: Business)
- Nalaka Godahewa tosses three tourism hats (Category: Business)
- Basil bats for PB (Category: Business)
To remain as Chairman of Tourism Development Authority Top professional Dr. Nalaka Godahewa yesterday resigned as Chairman of Sri Lanka Tourism and two other entities whilst continuing to serve as Head of Tourism Development Authority. “I have decided to resign from the Chairmanship of the Sri Lanka Tourism Promotion Bureau, Sri Lanka Tourism Convention Bureau ...
- Tourism development strategy finalised (Category: Breaking News)
- Nalaka Godahewa resigns as SLTDA chairman (Category: Breaking News)
- Dr. Godahewa steps down from three of his SL Tourism postings (Category: Breaking News)
- Nalaka Godahewa takes over SL Tourism (Category: Breaking News)
By The Lion Without Spot The Pure Ceylon Tea debate rages on. Though the dialogue so far has largely been confined to the print media on the way forward for Sri Lanka’s tea industry and it will no doubt open out the opportunity for discussion in other forums as well, in the days to come. ...
- Akbar Brothers flies Lankan flag high as world’s biggest tea exporter (Category: Business)
- Govt. pledges to protect ‘Pure Ceylon Tea’ (Category: Business)
- “PURE CEYLON CINNAMON” SECOND NATIONAL BRAND UNVEILED (Category: Breaking News)
In mid February, the Ceylon Electricity Board (CEB) informed consumers of their intention to revise their electricity charges from the following month. The March electricity bill issued to the consumer by the meter-reader was based on previous rate. The April bill based on revised rates with the addition of fuel surcharge for March was sure ...
- More power cuts after China-built plant fails again (Category: Business)
- In the Chinese-built coal power plant of Norchcholai, there are more questions than answers. (Category: Breaking News)
- Chinese firm says coal plant failed after overuse (Category: Business)
- CEB is not a burden on national economy, says Power Minister (Category: Business)
Parliament told EPF has lost Rs. 4.2 b in value over investments in five listed companies alone Last audited accounts of EPF presented in Parliament was for year 2009 only The main Opposition UNP yesterday in Parliament stepped up its charge on alleged mismanagement of funds of the EPF by the Central Bank, raising fresh ...
- Ranil raises red flag over EPF, ETF in Parliament (Category: Business)
- What the UNP Leader told Parliament (Category: Business)
- EPF is well managed, not corrupt: CB Chief (Category: Business)
- UNP MP renews warning over fate of EPF’s questionable investments in stock market (Category: Business)
National Savings Bank (NSB) Chairman Pradeep Kariyawasam yesterday tendered his resignation amidst mounting pressure for the same from Opposition and trade unions over the ill-fated decision to invest in The Finance Company Plc (TFC). Kariyawasam, who only completed two years as NSB Chief last week, had sent his resignation to President Mahinda Rajapaksa, who is ...
- NSB-TFC deal: CID questions Kariyawasam (Category: Business)
- NSB’s custodial role suspended, Sampath clears Friday settlements (Category: Business)
- NSB conspicuous by its silence on allegations over TFC buy (Category: Business)
- NSB Chairman resigns (Category: Breaking News)
SEC, CSE and CSBA hold positive joint meetingThe stock market is likely to step up the migration to Delivery Versus Payment (DVP) system in a more robust risk management regime following the fiasco triggered by the default of National Savings Bank (NSB). Daily FT learns the DVP
- SEC resolves NSB-TFC in-limbo trade via private transfers (Category: Business)
- Taprobane buys back the TFC shares it sold to NSB (Category: Breaking News)
- NSB’s custodial role suspended, Sampath clears Friday settlements (Category: Business)
- Sanctity of CSE hinges on NSB (Category: Business)
Following is the response from Dlimah Tea Director Malik J. Fernando to Willie Weerasekera’s article ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question published last Friday in Daily FT.The writer speaks sense when he says “the million-dollar question is therefore much more than ‘Ceylon Tea’ or ‘tea hub’ – It is: How do ...
- Hub is no hoodoo, says TEA (Category: Business)
- Debate on importation of lower cost tea (Category: Business)
- Storm in Sri Lanka’s teacup: A more pragmatic approach is key (Category: Business)
- Govt. pledges to protect ‘Pure Ceylon Tea’ (Category: Business)
Sri Lanka’s top policy administrator, Dr. P.B. Jayasundera, popularly known by the initials of his name PB, is reported to have proclaimed that Sri Lanka should stop altogether the importation of tea from abroad for blending purposes for it would tarnish the reputation which the country has earned for centuries as the best tea producer ...
- ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question (Category: Business)
- Ceylon Tea: To blend or not to blend? (Category: Business)
- Coca-Cola launches ‘Minute Maid Apple’ flavour (Category: Business)
- Hub is no hoodoo, says TEA (Category: Business)
The Merchant Bank of Sri Lanka (MBSL) in a filing to the Colombo Stock Exchange (CSE) has stated that The Daily FT articles of 14 and 15 May had carried misleading insinuations over the position with regard to the disposal of the shares of MBSL Savings Bank. Chairman M.R. Shah’s filing
- Shareholders furious over lack of disclosure, sale plan of MBSL’s savings subsidiary (Category: Business)
- MBSL selling savings bank for a song! (Category: Business)
- Navara-led consortium to buy 68% of MBSL Savings Bank for Rs. 562 m (Category: Business)
- MBSL Savings Bank invests in community of Galle with relocated Extension Office (Category: Business)
Columnists come and go. Hope this one stays! I’ll agree to do that; if you’d let me kick up controversy, poke fun at you and distort the life out of news and gossip that come my way. The Daily FT Ed is a nice guy; he’s already let me do that. As long as I ...
- Ore. father accused of trying to give away the kids (Category: USA, Washington)
- Jana Aragalaya now ‘Frontline Socialist Party’ (Category: Breaking News)
- Bayliss feels for Marsh as Dilshan quits (Category: Business)
- Heshan comes second in heats but fails to qualify for next round (Category: Business)
By Chamitha Kuruppu Parliamentarian Tiran Alles yesterday met President Mahinda Rajapaksa to discuss about the release of former Army Commander Sarath Fonseka. Speaking to Daily FT Alles said that he met President Rajapakse Wednesday morning at the Temple Trees to discuss the release
- President Meets Anoma Fonseka (Category: Breaking News)
- President meets Anoma Fonseka (Category: Breaking News)
- DNA parliamentarian discusses Sri Lanka's jailed Army commander's release with the President (Category: Breaking News)
- Tiran meets with President on release of Fonseka (Category: Breaking News)
Exporters deny lobbying to import cheap tea Insist more liberal regime for select import of orthodox varieties key to boost blending for exports and establish Colombo as a tea hub Stress Pure Ceylon Tea will remain supreme and unaffected By Uditha Jayasinghe Stirring a fresh storm in the industry, the Tea Exporters Association (TEA) yesterday ...
- Govt. pledges to protect ‘Pure Ceylon Tea’ (Category: Business)
- Storm in Sri Lanka’s teacup: A more pragmatic approach is key (Category: Business)
- Tea Industry Divided Over Importing Tea For Blending (Category: Breaking News)
Carson Cumberbatch joined hands with the Ceylon Chamber of Commerce as the Platinum Sponsor of the Sri Lanka Economic Summit 2012, the key corporate forum in the country’s business calendar. For the 13th consecutive year, the Sri Lanka Economic Summit will be held on the 10, 11 and 12 July 2012 at the Cinnamon Grand, ...
- WB South Asia Chief Economist to address Sri Lanka Economic Summit 2012 (Category: Business)
- Young guns to share insights to positioning Sri Lanka in global economy (Category: Business)
- Economic summit begins today (Category: Breaking News)
- CCC’s 13th Economic Summit from 10-12 July (Category: Business)
With open economic policies, the health sector in Sri Lanka has shown a significant development during the last few years. With the increasing population, which has now reached 20.8 million, there was a dire need for the country to improve her healthcare facilities and this requirement is now being fulfilled by both public and private ...
- ‘Arogya 2012’: A step towards better healthcare (Category: Business)
- Private Hospitals Association’s case for employing foreign medical specialists (Category: Business)
- Nawaloka Hospitals sponsors ‘Arogya 2012’ as Official Cardiac Partner (Category: Business)
- MARKSS Healthcare expands footprint in Kandy (Category: Business)
Planned divestiture of subsidiary – the sole private savings bank in the country – not advertised Deal with in-out-and-in Navara Capital under fire as Rs. 562 m strike price falls below Board recommendation Analysts label deal price as “cheap” when CB is unlikely to be generous in issuing new Specialised Bank licences in the future ...
- Shareholders furious over lack of disclosure, sale plan of MBSL’s savings subsidiary (Category: Business)
- Navara-led consortium to buy 68% of MBSL Savings Bank for Rs. 562 m (Category: Business)
- MBSL says savings subsidiary sale will result in a profit of Rs. 325 m (Category: Business)
- Double-edged deal (Category: Business)
By Cheranka Mendis With tourism numbers increasing, Sri Lanka Tourism must now look at aggressive destination promotion, especially at travel and trade fairs abroad. While the industry expressed delight over the tourism authority’s interest in supporting more participation in international travel fairs, the lack of representation of the authority itself is a major drawback to ...
- Can joint promotions with other export industries work for Sri Lanka Tourism? (Category: Business)
- Tourism triumph! - Ends 2011 with record 855,975 arrivals (Category: Business)
- Over 55 tour agents, 50 international journalists for Expo 2012 (Category: Business)
- Sri Lanka records 624,874 tourist arrivals by end of June (Category: Breaking News)
By Cheranka Mendis Asia Leisure, a fully-owned subsidiary of Asia Capital Group, has formed a strategic tie-up with Teoria Investments Japan, through which Teoria has made an initial investment of US$ 2 million into Asia Leisure’s property Taprobana in Balapitiya. Anticipated to be launched in April 2013, Taprobana is the start of a major expansion ...
- Asia Leisure partners with Japan Capital for new hotel project in Wadduwa (Category: Business)
- Asia Capital spreads its wings (Category: Business)
- Stefan appointed Asia Capital CEO (Category: Business)
- ‘OZO’ to be newest brand in Sri Lankan hospitality (Category: Business)
Sri Lanka Ports Authority will begin an upgrade to its current passenger terminal this year, given the interest shown by cruise liners to stop by and disembark at the Colombo Port. SLPA Harbour Master Capt. Ravi Jayawickreme told the Daily FT that plans are underway to begin an upgrade project
- Terminal Control (Category: Business)
- Port Deal (Category: Business)
- Box Trade (Category: Business)
- Trade Hub (Category: Business)
One week on, NSB has remained silent concerning the purchase of a 13% stake in The Finance Company Plc (TFC) at a hefty premium, prompting analysts to claim the savings giant was either ignoring or confirming controversies and allegations levelled by the UNP and the market. This assertion is despite TFC on Wednesday issuing a ...
- NSB-TFC deal’s stench spreads! (Category: Business)
- NSB’s entry in to TFC stirs up storm (Category: Business)
- UNP raises alarm over NSB investment in The Finance (Category: Business)
- NSB-TFC deal: CID questions Kariyawasam (Category: Business)
A word about ‘The Business of Sport’ column that appears in the Daily FT, which I have deeply enjoyed. Here is a series of articles that touched the ‘inner depth’ of Sri Lanka’s popular sport arenas. It is a pity that the sport enthusiasts in Sri Lanka are denied
- Asian delegation in town for Hambantota bid (Category: Business)
- “Cricketainment” will drive the cricket industry – MTI (Category: Business)
- Mobitel supports Civil Defence Force ‘Nandimithra’ Football Team (Category: Business)
- Do sports need carnivals? (Category: Business)
Dear Editor, During the past few months, I have observed criticism, mainly by the Opposition Parliamentarians, about the manner in which the Sri Lankan economy has been managed. In my view, their attempts seem to be designed to impose blame on the Governor, Central Bank, perhaps to weaken his resolve and strength and discourage him. ...
- Sri Lanka could miss 7.2% growth target (Category: Business)
- Lankan team for U19 World Cup (Category: Business)
- Toastmasters dazzles at the Semi Annual Conference in Mangalore (Category: Business)
With the influx of tourists into the country, the Sri Lanka Association of Inbound Tour Operators (SLAITO) on Monday announced the successful completion of a ‘safety assessment’ of the most frequented tourist sites in Sri Lanka carried out by TUI Travel PLC Head of Specialist in Activity Health and Safety Malcolm Ellis. Commissioned in a ...
- SLAITO Commissions ‘Risk Assessment’ of most Frequented Tourist Sites (Category: Breaking News)
- Understanding Standard & Poor’s BICRA Assessment Of Sri Lanka (Category: Business)
- S&P fires warning on Sri Lankan banking system; ranked along with Nigeria (Category: Business)
- SLAITO introduces ‘Sancharaka Udawa’ (Category: Business)
CB asks banks overnight for their forex commitments for Thursday and Friday; steps up bank visits Convenes meeting with treasury heads of banks; rupee crisis figures in monthly CB-bank CEOs meeting as well Dealers say no room for speculation given the very narrow net open positions; new rules apart from lack of dollars could be ...
- Markets becalmed (Category: Business)
- Rupee sinks to record low (Category: Business)
- Rupee on a yo-yo! (Category: Business)
- An effective consumer lending proposition (Category: Business)
Peradeniya Uni's Dr. Perera says exchange volatility is temporary and acceptable IMF's Mathai says no crisis but stability measures taken By Cheranka Mendis UNP MP Dr. Harsha de Silva yesterday made a compelling case that the ‘feel good’ party that the President Mahinda Rajapaksa Government tried to propagate among the people post-war was over, warning ...
- Harsha says CB has moral responsibility to be more transparent (Category: Business)
- Sri Lanka may need to consider easing monetary policy: PB (Category: Business)
- Harsha claims Govt., CB lack credibility (Category: Business)
Less than a year after starting up on its own, the company prepares to replicate its Indian success in Sri LankaJubilant FoodWorks, the master franchisee of Dominos Pizza for South Asia, last year set up its own subsidiary company in Sri Lanka, moving away from the franchisee partnership which held the fort for the Group ...
- Domino’s Pizza, opens in Colombo (Category: Business)
- India’s Jubilant Foodworks to expand overseas (Category: Business)
- Aviraté dresses up for aggressive expansion (Category: Business)
- Lenovo experiencing ‘tremendous growth’ in SL under ‘Smarter Tech for All’ vision (Category: Breaking News)
By Cheranka Mendis Glaxo SmithKline yesterday opened its latest state-of-the-art pharmaceutical tablet manufacturing facility in Moratuwa, built at an investment of Rs. 217 million. Confirming its commitment towards strengthening its footprint in Sri Lanka, the facility is part of a Rs. 1.4 billion investment that the company will put forward this year in the area ...
- Global pharma giant GSK to invest $ 11.2 m more in Sri Lanka (Category: Business)
With the strategic move of Sri Lanka Ports Authority (SLPA) to receive all vehicle carriers at Magamruhunupura Mahinda Rajapaksa Port – Hambantota commencing from 31st May 2012, Hellmann Worldwide Logistics through its global vertical – ‘Hellmann Automotive Logistics (HAL) is fully geared to facilitate the logistics requirements of all vehicle importers including formalitie...
- Hellmann partners Sri Lanka Design Festival 2011 (Category: Business)
- Hellmann Clinches Contract In Total Supply Chain Logistics (Category: Business)
Although relatively unknown in Sri Lanka, the world’s third largest advertising holding company, the Publicis Groupe, has a formidable presence worldwide and is represented in Sri Lanka by one of its main global subsidiaries, Leo Burnett. With Sri Lanka showing potential for high growth in the years to come, the second-in-command of the French multinational ...
- Leo Burnett welcomes Bertrand Siguier, Executive VP of Publicis Groupe (Category: Business)
- Leo Burnett celebrates exceptional year in 2011 (Category: Business)
- Publicis Group second in command in town today (Category: Business)
- Invest NI to tap into further business opportunities in Sri Lanka (Category: Business)
The Sambhashana discussion organised by Transparency International Sri Lanka will focus on ‘The Rupee Crisis’ on 25 April at the auditorium of the Organisation of Professional Associations (OPA), Stanley Wijesundara Mawatha, off Bauddhaloka Mawatha Colombo 7 from 4 to 6 p.m. MP Dr. Harsha de Silva, Senior Lecturer of University of Peradeniya Dr. Prasanna Perera ...
Popular Topics
- International Monetary Fund (192)
- Political crisis (125)
- Foreign exchange reserves (202)
- Shortage (10)
- Bank reserves (146)
- Anonymous (2)
- Fuel (24)
- Economy of Sri Lanka (448)
- Russia (28)
- Ukraine (7)
- Sri Lanka Tea (446)
- Tourism (74)
- Sri Lanka Quality Tea (447)
- Sri Lanka Tourism (446)
- Sri Lanka Cricket (450)
- Sri Lanka Hotels (446)
- Sri Lanka Elections (447)
- Sirasa (1)
- Hiru Tv (25)
- ITN News (104)
- Shakthi Tv (25)
- Derana Dream Star (35)
- EPF (16)
- BBC (8)
- Rob Ford (6)