CCC to hold workshop to discuss strengthening preparedness and emergency response in Lanka

The Ceylon Chamber of Commerce will hold a consultation workshop with the private sector on 15th November 2017 to discuss strengthening preparedness and emergency response in  Sri Lanka.

Baurs CEO Alternate visits Singapore Sister Company and staff in Thailand

Newly appointed CEO Alternate Rolf Blaser together with the Chairman of A. Baur and Co. (Pvt.) Ltd. Thomas Daetwyler were on a working visit in Thailand and Singapore to assess the possibilities to expand their business in the region representing prime European companies in the growing South East Asian markets.

Sri Lanka and Korea celebrate 40th anniversary of diplomatic relations with ‘Korea Week’

In celebration of the 40th anniversary of diplomatic ties between Korea and Sri Lanka, the Embassy of the Republic of Korea in Sri Lanka is organizing a variety of programmes for ‘Korea Week’ from 13th to 20th November 2017.

Award winning Korean Kitchen Musical: Traditional Korean Rhythms of Samulnori

The first instance of a non-verbal performance which originated in Korea, Nanta is a mix of the traditional Korean rhythms of samulnori and comical scenes set in a Kitchen. 

Talawakelle Estate Senior Cluster Manager awarded brand new Land Cruiser Prado

Maskeliya Plantations PLC., owned by Richard Pieris Group of Companies awarded a brand new Land Cruiser Prado to Talawakelle Estate Senior Cluster Manager Iroshan Weerakoon.

Luxury Brands dominates alcohol and tobacco category at SLIM NASCO

Luxury Brands secured four awards under the alcohol and tobacco category at this year’s National Sales Congress (NASCO), organised by the Sri Lanka Institute of Marketing.

A budget to boldly go where no Sri Lankan has gone before?

The futuristic 2018 budget was inspired by the classic science fiction television show Star Trek, Finance and Mass Media Minister Mangala Samaraweera said at the E&Y post-budget forum. “In fact, the whole thrust of the budget and the ‘Enterprise Sri Lanka’ concept, in fact I remember, 

Colombo industrial land prices rise most in 3 years

Land prices in Colombo have been hotter than anywhere else in the island and as of late the prices have been growing at an exponential pace due to the pent-up demand for government and private lands created by various projects from commercial to luxury residences. 

Poultry industry finally gets what it longed for

Sri Lanka’s Finance Minister Mangala Samaraweera appeared to have heeded the long drawn out call by the poultry farms - high cost of maize - which plagued the industry for years as the government decided to allow importation of maize to bridge the gap in the local market.

Shippers and freight forwarders cry foul over move to liberalize industry

  Two apex lobby groups in the shipping and logistics industry this weekend cried foul over Finance and Mass Media Minister Mangala Samaraweera’s proposal to open up the industry to further foreign ownership in companies.The Ceylon Association of Shipping Agents (CASA) and the Sri Lanka Logistics and Freight Forwarders Association (SLFFA) said that they “strongly object to the 

Expolanka records quarterly loss of Rs.138mn on margin pressure, higher costs

Expolanka Holdings PLC reported a loss of Rs.138.4 million for the three months ended in September (2Q’18) compared to a profit of Rs. 242.8 million recorded in the same period last year due to both external and internal factors weighing on its performance. 

Blue Mountain Achilleion continues winning streak at ‘Asia Property Awards’

Blue Mountain Achillieon won the ‘Best Condo Architectural Design’ at a gala event at the ‘Asia Property Awards’ held on 8th November 2017 at Sands Expo & Convention Centre

China to widen foreign access to financial sector

AFP: China yesterday said it will further open the country’s financial markets to foreign firms, a key demand from the United States and other global investors who have long complained about the strict limits on access to the giant economy.

Fast and furious Nations Sports Day 2017

Nations Trust Bank Sports Day 2017 was held recently under the theme ‘Fast and Furious’ at Havelock Sports Club Grounds.

AmCham/NDB Bowling Tournament to be held this month

The American Chamber of Commerce in Sri Lanka (AmCham) organizes its annual Bowling Tournament for the seventhconsecutive year on Saturday, 25th November, 2017 from 12 noon onwards at the Strikes Bowling Centre, Excel World Entertainment Park.

Duo World Inc. partners Maxim Group for strategic advisory services

Duo World Inc.recently announced that it has enlisted Maxim Group LLC, a leading investment banking, securities, and investment management firm, to provide strategic corporate planning and investment banking services to the company.

Globalisation an ‘irreversible historical trend’: China’s Xi

AFP:  Chinese President Xi Jinping laid out his country’s credentials as the new champion of world trade yesterday, calling globalisation an “irreversible historical trend”, in comments that offered a contrast to the “America First” doctrine espoused by Donald Trump moments earlier.

Saudi Aramco signs energy deals worth nearly US$ 4.5 bn

AFP:  Saudi Aramco yesterday signed agreements worth nearly US$4.5 billion with multinational oil and gas contractors, in what the company dubbed as an effort to diversify the economy.

Uber loses employment rights case in Britain: lawyers

AFP:  US ride-hailing app Uber yesterday lost a landmark case in Britain that would give drivers the right to paid holidays and the national minimum wage, lawyers representing the claimants said. The London employment tribunal rejected Uber’s appeal against an October 2016 ruling in a case that is being closely watched for the wider implications for Britain’s booming “gig economy”.

NSB holds Hapan Scholarship Awards 2017 at Nelum Pokuna

National Savings Bank has been making a continuous effort to encourage the saving habit of the people of this country now for more than 45 years, teaching the nation to save.

‘Kotagala Kahata – Rasa Wasana’ concludes on high note

The ‘Kotagala Kahata – Rasa Wasana’ consumer promotion, which took place from the 22nd June to the 25th of August 2017, recently came to a successful conclusion.

Asian markets down but China opening lifts Shanghai

AFP:  Asian markets fell yesterday as traders fret over the outlook for Donald Trump’s much-vaunted tax-cut plans while profit-takers cashed in after the latest rally.

Rupee firms on remittances; budget clarity awaited

REUTERS: The Sri Lankan rupee edged higher yesterday on dollar inflows from remittances, while the market awaited more clarity on the budget policies announced a day earlier, dealers said.

Mobitel leads telecom industry in Customer Service Excellence

Sri Lanka’s National Mobile Service Provider, Mobitel, has been placed ahead of all local telcos in the ‘Customer Service Excellence’ rankings released by LMD in partnership with Kantar 

Unilever launches 4th ‘Sparks’ Student Ambassador Programme

Reaffirming its commitment to empowering the country’s future business leaders, Unilever Sri Lanka welcomed 21 undergraduate students from some of the country’s top higher education institutions to the fourth batch of its annual ‘Sparks’ student ambassador programme.

Ministry of Crab files case against Black Crab for unfair competition

Upscale seafood restaurant Ministry of Crab has filed action against a restaurant named the Black Crab in the Commercial High Court of the Western Province over infringement of its trademark and unfair competition.

Dipped Products appoints new Executive Director

The Hayleys group’s latex glove production subsidiary Dipped Products PLC this week announced that Radika Obeyesekere was appointed as an Executive Director at the firm.

SLTDA signs MoU with MDF Australia on Unawatuna beach development

The Sri Lanka Tourism Development Authority (SLTDA) signed a Memorandum of Understanding (MoU) with the Australian Government supported Market Development Facility (MDF), to collaborate on a comprehensive development programme for the Unawatuna beach.

Govt. proposes to impose ‘Medamulana tax’ to repay Rajapaksa era loans

Finance Minister Mangala Samaraweera yesterday proposed to impose a special tax termed ‘ Medamulana tax,’ as the levy is intended at collecting additional revenue to repay foreign debt taken during the Rajapaksa  era.

Budget promotes non-collateralized lending to small and medium enterprises

The government yesterday floated the idea for clean lending in a direct challenge to banks’ centuries-old model of collateral-based lending, which may have turned away thousands of high potential small businesses and business startups.  In his quest to make Sri Lanka a ‘paradise for entrepreneurs’