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.

EFC organizes symposium to spur dialogue on global supply chains

While generating employment opportunities across countries beyond the original source, Global Supply Chains (GSCs) are increasingly building global level skills and capability across the world, the long-term benefits of which are enormous, notes Sumeet Verma, Director, 

Sri Lanka closes 200,000 Metric Tons int’l rice tender

The international rice tender recently floated by Sri Lanka for global procurement will close at 2pm today. 

Shares fall; turnover hits over 6-wk high

REUTERS: Sri Lankan shares edged down yesterday as losses led by consumer discretionary stocks outpaced gains in financials, with foreign investors boosting market turnover to a more than six-week high.

Ceylon Cold Stores September hit by slowing consumer demand, higher raw material prices

Moderating disposable incomes and a wobbling economy appear to have hit the performance of Ceylon Cold Stores PLC (CCS) as the retail juggernaut reported poor earnings for its July-September quarter (2Q18), extending decline in earnings for the second consecutive quarter.  

Sujeewa holds talks to bring down German electric car development to Sri Lanka

State Minister of International Trade, Sujeewa Senasinghe attended the 34th Anuga International 2017, world’s largest exhibition for Food and Beverages, which was held in Cologne, Germany from 7th to 11th October.

Velvet promotional campaign offers brand new car as grand prize

Velvet, an established local skincare brand with an exciting portfolio of soap, hand wash, body wash and body lotion launched a captivating promotion seeking to redefine beauty ensuring consumers have soft skin and chances to win attractive prizes including a brand new car as the grand prize.

China urges closer cooperation with Sri Lanka on key projects

REUTERS: China and Sri Lanka should focus on strengthening cooperation over key investment projects, Foreign Minister Wang Yi yesterday told his visiting counterpart from Sri Lanka, amid strong local opposition to some major Chinese-invested schemes.  

Renuka City Hotels parent seeks secondary board listing

Renuka Hotels Limited, the parent of Renuka City Hotels PLC, has received the preliminary approval from the Colombo Stock Exchange (CSE) to list its ordinary voting shares on the secondary Diri Savi Board by way of a share Introduction.  

Amendments to Motor Traffic Act set insurance industry back decades

Sri Lanka’s insurance industry stakeholders have warned that the amendments to the Motor Traffic Act, which were passed in parliament last month, in relation to mandatory police reports on accidents, risk setting the insurance industry back decades.

Labour law reforms to improve female participation: Harsha

Sri Lanka’s labour laws and policies will be amended to enhance female labour force participation in the economy, according to National Policies and Economic Affairs Deputy Minister Dr. Harsha de Silva.

CEB gets US $ 200mn ADB loan for 100MW wind park

The Asian Development Bank’s (ADB) board of directors has approved a loan of US $200 million with sovereign guarantee for Ceylon Electricity Board (CEB) to develop Sri Lanka’s first 100-megawatt wind park.

SriLankan launches daily direct flights to Melbourne

SriLankan Airlines took yet another decisive step forward in extending its route network with the launch of daily non-stop services to Melbourne yesterday (Oct. 29th).

Amazon CEO Jeff Bezos becomes world’s richest person

Variety.com: Jeff Bezos has again claimed the No. 1 spot on the list of the world’s wealthiest individuals, after Amazon investors pushed the stock up more than 11 percent on last week’s strong third-quarter earnings report.

Axiata’s digital VC arm to set up US $ 15mn fund for Sri Lanka

Malaysian telecom major Axiata, the parent of Sri Lanka’s Dialog Axiata, is set to launch a venture capital fund for Sri Lanka to stimulate the ecosystem around technology-based innovation and wealth creation in the country.

Qatar-SL trade talks open today in Colombo

Within four days of a Presidential level delegation from Sri Lanka successfully wrapping up its bilateral work in Doha, the State of Qatar is despatching an official delegation led by an influential Qatari Minister to Colombo to move bilateral trade actions forward. Qatari Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani will be leading his 20-man delegation to Colombo for the second Joint Committee Meeting between bo

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.

Hayleys Engineering unveils state-of-the art customer experience center

Hayleys Engineering recently unveiled Sri Lanka’s first ever Engineering Experience Center that provides engineers, consultants and clients the opportunity to experience latest technology and technology yet to come to Sri Lanka.

MAC wins big at NCE awards and Presidential Export Awards

MAC Supply Chain Solutions Private Limited, a fully owned subsidiary of MAC Holdings Private Limited was accoladed at the NCE Export Awards and Presidential Export Awards.

Samsung’s AddWash range to be launched in Sri Lankan market

Samsung Sri Lanka announces that Samsung’s award winning AddWash front loading washing machine range is soon to be launched in Sri Lanka.

Surplus.lk offers unique platform dedicated engineering sector needs

Surplus.lk, Sri Lanka’s newest online platform dedicated to the needs of buyers and sellers in the engineering sector was recently launched.

‘Lankapak 2017’ packaging exhibition kicks off

Lankapak 2017, Sri Lanka’s only dedicated packaging exhibition, organised by the Sri Lanka Institute of Packaging, set to be a three-day event, was launched yesterday at the BMICH, with the exhibitors launching new products and services to the packaging industry.

Twitter says it could turn first-ever profit, shares surge

REUTERS: Twitter Inc. said on Thursday it may become profitable for the first time next quarter after slashing expenses over the past year and ramping up deals to sell its data to other companies, which could help to break its reliance on advertising for revenue. 

Misconception on functionalities of WTO trade remedies could tax private sector: Commerce Dept.

The Commerce Department this week pointed out that revolving around the World Trade Organisation (WTO) trade remedies are a number of misconceptions that could tax the private sector greatly, if it fails to understand the tools.

Sri Lanka aims to expand presence in Qatar

  Sri Lanka is aiming to expand its presence in Qatar, Industry and Commerce Minister Rishad Bathiudeen said.

Shares end lower; retreat from near 3-mth high

REUTERS: Sri Lankan shares fell in thin trade yesterday, as the market took a breather after hitting a near three-month high in the previous session, with foreign investors net selling equities ahead of the national budget.

Rupee gains on remittances, exporter dollar sales

REUTERS: The Sri Lankan rupee closed higher yesterday as late exporter dollar conversions and remittances surpassed demand from importers for the greenback, dealers said.

Average Lankan estate resident debt-ridden, possibly malnourished in 2016: survey

Sri Lanka’s estate sector residents on average were in debt last year and possibly malnourished, spending more than they were earning mostly on non-food expenditure, according to the Household Income and Expenditure Survey (HIES) 2016 of the Census and Statistics Department.

Crysbro sponsors Sri Lanka Housewives’ Association 59th AGM

The Crysbro Group well-known for quality, freshness and innovation in breeding and processing of chicken in Sri Lanka for over four decades  will take the initiative of sponsoring Sri Lanka Housewives’ Association in the landmark year 2018 where the association will be celebrating its Diamond Jubilee. Crysbro, the number one choice of Lankan housewives also was the main sponsor of the 59th AGM of Sri Lanka Housewives’ Association

Mobitel Cash Bonanza Montero Extravaganza winner drives away with brand-new Montero

Mobitel’s Cash Bonanza Montero Extravaganza programme continues to reach unprecedented heights in September, witnessing a growing number of customers participate as a result of the exciting prizes on offer.