Govt.’s PPP boss wants new set of regulations to facilitate investment

The chief of the Finance Ministry’s new National Agency for Public Private Partnerships (NAPPP), which is shrouded in secrecy, wants new rule books written for his agency, and to facilitate delayed investment projects, since the old rule book is too restrictive. NAPPP Chairman Thilan Wijesinghe 

October inflation hits record high

Sri Lanka’s consumer prices measured by the Colombo Consumer Price Index (CCPI) rose to 7.8 percent in October from a year ago, accelerating from 7.1 percent in September, pushing the country’s inflation rate to near disturbingly higher levels.    

Chemanex to exit export business

CIC group subsidiary Chemanex PLC said yesterday it was ceasing its export business, as such operations have been deemed to be unviable.

Laugfs Chairman accoladed ‘Entrepreneur of the Year’ at ACES Awards 2017

Veteran business leader and Laugfs Holdings Chairman W.K.H. Wegapitiya won the ‘Entrepreneur of the Year’ award at this year’s Asia Corporate Excellence and Sustainability Awards (ACES) held in  Singapore recently.

Aitken Spence Travels to bring 20 charter flights from Russia this season

For the second consecutive year, Aitken Spence Travels will be bringing in 20 charter flights from Russia for the annual season.

Free medical camp to take place at Kirulapone Jummah Masjid on Sunday November 5th

The Trustees of the Kirulapone Jumma Masjid will be organizing a free medical camp in collaboration with the Kirulapone Police from 9am on 

Shanghai business delegation visits Ceylon Chamber

A Chinese business delegation led by the Council for Promotion of International Trade Shanghai (CPIT Shanghai) visited the Ceylon Chamber of Commerce (CCC) recently to hold discussions to enhance commercial ties between Sri Lanka and China.

Pathfinder attends Bay of Bengal Regional Cooperation Conference in New Delhi

Pathfinder participated in a conference themed ‘Connecting the Bay of Bengal: India, Japan and Regional Cooperation’ organised by Carnegie India and India Development Foundation in collaboration with the government of Japan, which was held recently in New Delhi.  

Indian entrepreneur Anjana Reddy as keynote speaker at NHRDC Forum

The National Human Resources Development Council of Sri Lanka will kick off the ‘Young, bold and daring – the spirit of young entrepreneurs for a country enriched’,  a discussion forum and workshop on 2nd of November at 8:30a.m. at the BMICH.

Devi Jewellers - Exchange Mela 2017

Having crafted exquisite masterpieces of state of the art jewellery in Sri Lanka for over 5 decades, Devi Jewellers, a name synonymous with expertise, experience and trust, presents a wide collection 

Qatar Airways Launches Spectacular Promotion to Celebrate Its 20th Anniversary

Qatar Airways is celebrating its 20th anniversary by providing incredible fares across both its Economy and Business Class cabins, in addition to offering 20 lucky winners a Privilege Club Gold membership 

Amãna Takaful Strikes Gold and Silver for ‘Product of the Year’

Amãna Takaful PLC (ATL) was awarded the prestigious Gold Award in the ‘Takaful Entity of the Year’ category at the Islamic Finance Forum of South Asia (IFFSA) Awards held recently. At this gala 

Final week to experience the World’s tallest model apartment as it makes way for Achilleion

Blue Mountain Group’s most iconic real estate development to date, Achilleion, recently announced 2nd November 2017 as the last day for prospective customers to view the majestic model apartment 

Virtusa celebrates Canekeratne Trophy with great fanfare

The Canekeratne Trophy cricket tournament organized by Virtusa for its employees, recently concluded in Colombo. The event drew over 40 teams vying for victory and an excited crowd of supporters

The Outlet Store brings its shoppers upto 50pct off big sale

With a passion to provide an exclusive family shopping experience and a continuous drive to be one of Sri Lanka’s leading fashion stores, The Outlet Store has yet again rolled out a fabulous shopping 

MAS recognized for Sustainability efforts with multiple awards at Presidential Environmental Awards

It’s tough for large scale companies to implement sustainability efforts across their organisations but that has not stopped MAS Holdings from trying. 

Sampath Sanhinda Saver Rewards Senior Citizens With Over Rs.100 Million in Medical Benefits

In line with its commitment to caring for its customers and adding greater value to their lives, Sampath Bankannounced that is distributing over Rs.100 million in medical benefits to Sampath Sanhinda 

Spa of the World: The Body Shop in Colombo announces new additions

The Body Shop in Colombo is turning up the volume on luxury self-care with new additions to its Spa of the World range. Together, these new products create the complete Firming Spa Ritual for skin

Oman Air Unleashes Amazing Global Sale to celebrate Oman’s 47th National Day

Oman Air is delighted to announce a Grand Global Sale to coincide with and to celebrate the 47thNational Day of the Sultanate of Oman. The Grand Global Sale offers discounts up to 47%

Export-quality footwear manufacturer Lakpa sends off 150th shipment

Leading footwear manufacturer Lakpa Shoes (Pvt) Ltd’s 150th container-load left Sri Lankan shores recently. The shipment will make its way to markets scattered across the globe, supplying rubber 

Japan’s Nikon closes Chinese compact camera factory

AFP: Nikon said yesterday it has ceased operations at a compact camera factory in China, underscoring how picture-taking smartphones have devastated the market for digital cameras.

Rupee edges down on importer dlr demand

REUTERS: The Sri Lankan rupee closed slightly weaker yesterday in dull trade as importer dollar buying outpaced mild exporter greenback conversions, dealers said.

The Kingsbury September quarter net down 35%

The Kingsbury PLC, the owners of The Kingsbury Hotel in Colombo, saw its September quarter (2Q18) earnings falling 35 percent year-on-year (YoY) to Rs.77.5 million, the interim financial accounts released to the Colombo bourse showed.

JKOA launches XYZprinting 3D printers to Lankan market

Sri Lanka’s leading provider of office automation solutions, John Keells Office Automation (JKOA), recently introduced the innovative 3D printer brand XYZprinting to the local market.

Sera’s advanced technology offers goodness of freshly squeezed coconut

Since its launch late last year by CBL Global Foods, ‘Sera Real Coconut Milk’ has rapidly expanded its market share to become a household brand across Sri Lanka.

Lili Cheese accoladed at Entrepreneur Awards 2017

Lili Cheese was awarded the Best Enterprise Award in the Medium Category in Western Province at Entrepreneur Awards 2017.

Watawala Ran Kahata bags gold at International Effie Awards 2017

Watawala Tea Ceylon Limited (WTCL), the consumer arm of Sunshine Holdings saw Ran Kahata, Sri Lanka’s most economical quality tea brand, come up tops to win gold at the recently concluded International Effie Awards 2017, held at Water’s Edge Battaramulla.

Unilever Alumni Association to hold AGM and Fellowship 2017

The third Annual General Meeting will be held on Saturday 25th November, at Hilton Colombo Residences (Jaic Hilton Hotel) Union Place, Colombo 2, commencing at 6:30p.m. followed by a fellowship dinner of the past employees of Unilever and their spouses from 7:30p.m. onwards.

Sri Lanka’s longest railway bridge nearing completion

Only three more girders have to be placed for the initial completion of Sri Lanka’s longest railway bridge which is being constructed on the Matara   Beliatta extension of the island s Southern Railway line. The 6.2 meter wide 1.5 kilometer long single line railway bridge between Akurubebila and Waththegama is referred to as the Watttegama Bridge and rests on 59 pier stems including the two ends. (Text and picture by P D Silva)

Jaffna International Trade Fair to be held in January

The Jaffna International Trade Fair (JITF 2018), the largest consumer exhibition and trade fair in the northern region of Sri Lanka, will be held from 26th to 28thJanuary, 2018 for the 9th consecutive year.  The event aptly named as ‘Gateway to the North’ will be held at Jaffna Municipal Council Grounds.