Janashakthi Extends Life Insurance Services to the North

One of Sri Lanka’s foremost insurers, Janashakthi Insurance PLC, in its continued commitment to delivering service excellence, recently 

Pace Institute internationally honoured for excellence in Red Hat-Linux training

Around 90 percent of the Fortune 500 companies are known to use Linux, an open source operating system that’s growing exponentially in usage. Its rising popularity continues to fuel the demand for qualified Linux professionals worldwide. Red Hat, Inc., named by Forbes among the world’s most innovative corporations, remains the global leader in professional Linux education.

FPS Alpha to represent Akzo Nobel as exclusive agent

FPS Alpha (Pvt.) Ltd, a recently started Joint Venture company established between FPS Projects (Pvt.) Ltd, and Optimus Alpha (Pvt.) Ltd, signed an exclusive agency agreement with Akzo Nobel India (Pvt.) Ltd. to represent them in Sri Lanka and the Maldives for their protective coatings business.

CTC bags three accolades at NASCO Awards 2017

The Ceylon Tobacco Company PLC (CTC) recently won three accolades at the annual National Sales Congress Awards (NASCO) 2017 organized by the Sri Lanka Institute of Marketing (SLIM).

Kantar Worldpanel rank Maggi and Nestomalt among Sri Lanka’s Top 10 FMCG brands

Two iconic brands by Nestle, Maggi and Nestomalt, were ranked among Sri Lanka’s Top 10 FMCG brands in the latest Brand Footprint Study by research company Kantar Worldpanel.

Kelani Cables introduces new LED bulb range to local market

Kelani Cables PLC being the number one brand in secure electrical and communication cables in Sri Lanka subsequently ventured into producing LED bulbs, and has recently unveiled its newest LED bulb range to the Sri Lankan market.

Accenture Files Lawsuit On Similar Trademark

Accenture Global Services Limited filed a plaint alleging trademark infringement, trademark dilution, unfair competition and passing off

Aitken Spence wins ‘Best Corporate Citizen Sustainability Award 2017’

Diversified conglomerate Aitken Spence PLC won the coveted ‘Best Corporate Citizen Sustainability Award 2017’ at the annual event organized by the Ceylon Chamber of Commerce, to recognize sustainable champions of the local corporate world, while Hatton National Bank PLC and Cargills (Ceylon) PLC became the first and second runner up of the competition, respectively.

Govt. urged not to sell prime property in Colombo to highest bidder

The Sri Lankan government should stop selling land in Colombo to the highest bidder, and instead learn from the Berlin experience on holistic urban development, a German real estate and urban development expert told a forum in Colombo, this week.

Poor teacher recruitment policies hamper academic performance of govt. schools: IPS

Sri Lanka’s free education system that is expected to be the foundation in bridging the expanding talent dearth is far from reaching its goal due to poor teacher recruitment policies set and executed by the government, an in-depth research by a leading economic think-tank revealed.

LVL Energy Fund IPO price shows discount to valuations

The multiple valuations of LVL Energy Fund Limited shows its shares are going to be issued at a discount at the upcoming Initial Public Offer (IPO) demonstrating the company has more intrinsic value than what the issue price denotes.  

LB Finance to raise Rs.3bn via listed debentures

Non-bank lender LB Finance PLC yesterday revealed plans to raise up to Rs.3 billion through a debenture issue.

Sri Lankan Economic and Investment Conclave 2017 kicks off

Minister of Megapolis and Western Development Patali Champika Ranawaka said that the government is encouraging genuine and serious investors to come and invest in the country’s infrastructure projects whilst strengthening Public Private Partnerships. 

Sri Lanka receives EUR 19mn soft loan from Austria

The Austrian government will step up its assistance to Sri Lanka, by providing EUR 19.35 million (Rs 3, 546 million) interest free soft loan to upgrade the Katunayaka Engineering Technology Institute and to obtain 100 ambulances for government hospitals in the country.

IFC, partners promote corporate governance in Lankan family-owned businesses

 IFC, a member of the World Bank Group, along with the Sri Lanka Institute of Directors (SLID) and the Colombo Stock Exchange (CSE), are collaborating on workshops that promote good corporate governance and family business practices to improve the long-term sustainability of family-owned businesses in Sri Lanka.

Lankan consumers keen to adopt digital payment solutions: Survey

Visa, the world’s leader in digital payments technology, announced an independent study, conducted in collaboration with YouGov, which measure the consumer sentiment around digital payments in Sri Lanka. 

Rainco Mosquito Proof Nets Bags Silver Award

Spearheaded to be a brand of choice within Sri Lankan consumers, enabling them for a natural, healthy and a peaceful sleep, Rainco 

Hela Clothing Launches Pioneering Augmented Reality T-shirt and Game for Tesco

Helavation, the innovation arm of leading Sri Lankan-based global apparel manufacturer, Hela Clothing, today announced the launch

Fashion Bug ‘Serenades’ fashionistas for the Season

Fashion Bug, Sri Lanka’s leading fashion destination, dazzled the audience as they unveiled this year’s seasonal collection at Serenade,

Big Data Enthusiasts Meet at Virtusa

The latest Colombo Big Data Meetup took place recently at Virtusa. Gathered at this quarterly event were big data enthusiasts from academia

Sri Lanka to release 50 acres of capital land for investments

REUTERS: Sri Lanka will release nearly 50 acres of state-owned land in the near future for investments in Colombo’s commercial area, a minister said yesterday, as the island nation targets a record US $ 2.5 billion in total foreign direct investments (FDI) next year. Land scarcity and strict land ownership rules for foreign investors have discouraged offshore investors so far.

Number of mobile phones in usage hits 28.1mn

 Increased taxation does not seem to have deterred Sri Lankans from increased usage of mobile phones and Internet during the first eight months of this year, data from the Treasury indicated.

SL should look to engage in high value-added processes, not assembling products: WB

Sri Lanka’s role in global value chains is not to assemble products but to engage in high value-added processes such as marketing, according to the World Bank. World Bank Sri Lanka Senior Country Economist Ralph van Doorn said that in a productivity ‘smile’ or a U-shaped curve, where the horizontal axis is the production process from upstream to downstream and the vertical axis is the amount of value added, assembling a product

Shares recover from 2-mth closing low as large caps gain

REUTERS: Sri Lankan shares ended marginally higher yesterday in dull trade, recovering from a near two-month closing low hit in the previous session, even as investors awaited clarity on new taxes and key legislations.

Rupee ends firmer on inward remittances

REUTERS: The Sri Lankan rupee closed marginally higher yesterday, as dollar inflows from inward remittances outpaced demand from importers for the US currency, dealers said.

Agxa achieves FSC Chain of Custody Certification

Agxa, an AG International company, has received the most credible certification in the forest trade – Forest Stewardship Council (FSC) Chain of Custody Certification through SCS Global Services.

Top Sri Lankan professionals address Auditor General’s Forum in Maldives

The Auditor General’s Forum is the Maldives’ national platform for all professional auditors and accountants to address strategic issues that are shaping the operating environment of organizations today and gain insights to effectively manage the associated risks of business.

Pathfinder and Heritage Foundation discuss US-Sri Lanka relations

The second round of Pathfinder Foundation teleconference with the Washington D.C based Heritage Foundation for the current year was held recently.

CCC ‘Best Corporate Citizen Sustainability Award 2017’ today

The awards ceremony of the ‘Best Corporate Citizen Sustainability Award 2017,’ (BCCS 2017) will take place at the Cinnamon Grand, Colombo this evening amid a gathering of 350 high profile corporate executives.

Biomass Group partners with InfraCo Asia to develop biomass supply chain in Sri Lanka

InfraCo Asia Development Pte. Ltd (InfraCo Asia), has signed a Joint Investment and Development Agreement (JDA) with Biomass Group Ltd (Biomass Group) for investment in Biomass Ventures Pte Ltd (Biomass Ventures) to develop a first-of-its-kind, agri-energy infrastructure project