LIOC joins forces with Diesel & Motor Engineering and Tata

Lanka IOC (LIOC), Diesel & Motor Engineering PLC (DIMO) and Tata Motors Limited India announced the launch of Tata Motors Genuine Oil recently. 

CIC acquires 70% stake in Unipower

CIC Holdings PLC reiterating its strong commitment towards the agriculture industry in the country acquired 70 percent control of Unipower (Pvt) Ltd for Rs. 238 million recently. 

Grandeeza Negombo kicks off festive season with traditional cake mixing

It’s beginning to smell like Christmas at Grandeeza. The annual tradition of the mixing of the Christmas cake at Grandeeza was conducted with the participation of Chairman Dunstan Goluhewa, Managing Director Dishan Goluhewa, General Manager Amila Alvis, Executive Chef Samantha Abeysekara, department heads and some of the other staff recently.

My Friend Foundation organises motivational Children’s Day event

Aligned with its commitment to uplift the lives of children from economically underprivileged schools, the My Friend Foundation organised an exclusive event to mark the Children’s Day on October 4, 2017. 

Leads celebrates 34 years of service in Sri Lanka

Leads, a registered charity, is at the threshold of moving to 35 years of service in ‘Touching Lives, Transforming Communities and Building the Nation of Sri Lanka’.  ‘By the communities for the communities’ is the philosophy Leads follows as 

NDB Toastmasters Club emerges as Encore 2017 drama competition winner

NDB Toastmasters Club emerged as the Encore 2017 drama competition winner recently.

Huawei rewards Cricket Promo Draw winners

Huawei, the leading smartphone brand in Sri Lanka, recently rewarded the winners of the Cricket Promo Raffle Draw. 

Port City aims to become benchmark in environmental friendliness and sustainability: Houliang

Managing Director of Port City Colombo (Pvt.) Ltd, Jiang Houliang, speaking at the 11th Annual General Meeting of the Institute of Environmental Professionals Sri Lanka, said that Port City Colombo’s vision is to be the benchmark in environmental friendliness and sustainability. 

Catalonia independence push sparks tourism slump

AFP:  Catalonia’s independence push is taking its toll on the region’s tourism industry, with revenues and hotel bookings down since a banned October 1 secession referendum that was marred by violence.

End of Australia auto-making sector as Holden closes doors

AFP: The last car rolled off the production line of Australian auto-maker Holden yesterday, marking the demise of a national industry unable to stand up to global competition.

Tokyo equals record run as Asia markets, dollar rally on tax hope

AFP: Asian and European markets rose yesterday, with Japan’s Nikkei clocking up a record-equalling 14 straight wins, while the dollar also rallied on hopes for Donald Trump’s tax cut plans.

German Academic Exchange Service sets up information centre in Colombo

Germany is the third most popular destination among international students in the world.  Over 12 percent (over 340,000) of all students in Germany are of foreign origin. 

European business deals with Iran are safe: Tillerson

AFP: The United States does not intend to disrupt European business deals with Iran, Secretary of State Rex Tillerson told The Wall Street Journal in an interview published yesterday.

Rupee ends higher on inward remittances

REUTERS: The Sri Lankan rupee ended marginally higher yesterday as selling of the U.S. dollar by banks on account of inward remittances surpassed early demand for the greenback from importers, dealers said. 

Hayleys Tours as official travel partner for Ironman 70.3 Colombo

Leading Sri Lankan travel solutions provider, Hayleys Tours will serve as Official Travel Partner to the internationally famed triathlon, Ironman 70.3, set to take place in Colombo on the 25th February 2018. Serving as the qualifying round for triathletes seeking to compete in the Ironman 70.3 World 

FriMi and NTB award Grade Five Scholarship Exam top achievers

Top performers of Grade Five Scholarship Exams 2017 received Nations Kids Accounts and a cart full of books from Nations Trust Bank and FriMi at the recently concluded Big Bad Wolf book fair to enlighten their future. Nations Trust Bank and FriMi wishes them all the best in their future endeavours.

Sri Lanka to restrict import of tuk-tuks

AFP: Sri Lanka plans to restrict imports of tuk-tuks in a bid to reduce road accidents and congestion, the country’s transport minister said yesterday. 

Multilac triumphs at Export Awards 2017

Sri Lanka’s favourite brand of household paint, Multilac received a Silver award for the Industry Sector at Export Awards 2017, held by the National Chamber of Exporters, recently.

Colombo University Leo Club holds Installation Ceremony

The most prestigious event of the leostic year 2017/18 of the Leo Club of University of Colombo, the third Annual Installation Ceremony was held recently at the New Arts Theatre of University of Colombo.

Etihad Airways Partners with Alibaba’s Tmall and Alitrip for the Tmall 11.11 Global Shopping Festiva

Etihad Airways and Alibaba’s Tmall and Alitrip will today debut a specially branded aircraft livery for the 11.11 Global Shopping Festival 2017. Five aircraft emblazoned with this special 11.11 exterior will 

EMP wins Gold at NCE Export Awards 2017

Electro Metal Pressings (Pvt.) Ltd (EMP), the vanguard of Sri Lanka’s electro mechanical engineering industry, won the Gold award at the recently concluded Export Awards 2017 organised by the National Chamber of Exporters (NCE) of Sri Lanka.

Swadeshi relaunches Khomba Baby Soap product

Khomba Baby Soap, Sri Lanka’s No. 1 herbal baby care product, has been relaunched with new herbal ingredients and new soothing fragrances with an expansion of the portfolio. 

Foreconns Canneries awarded NCE Gold award

Foreconns Canneries, a leading exporter in food items with authentic Sri Lankan delicacies, was recently bestowed the Gold award in Value-Added Agriculture sector, Medium Scale, Canned and Processed food sub category, at the NCE Awards 2017 ceremony organised by the National Chamber of Exporters

Sisiliyana Stone Resort wins at MASSCO Business Excellency Awards

Sisiliyana Stone Resort, a newly opened hotel in Gonapola, Horana, was rewarded for its quality and efficiency at the recently concluded annual MASSCO Award ceremony held at Ramada Hotel in Colombo.

Daraz.lk opens new Colombo 7 warehouse and pick-up location for 1st anniversary

Daraz.lk turned one by opening up a new warehouse and pick-up location together with guests from Reckitt Bankiser’s marketing team, Jude Martino and Daraz Regional Director Sumit Jasoria. Hoping to bring its customers convenience and better service, the new facility dubbed 51 Daraz the Warehouse boasts a square footage of 6000 giving the Daraz team exactly what they need, more space to grow.

Sri Lanka Retailers’ Association launches loyalty card

A loyalty programme to recognize and reward the employees and staff in the retail sector was launched by the Sri Lanka Retailers’ Association (SLRA) recently. 

East West Marketing launches Almarai Cheese

East West Marketing, a fully-owned subsidiary of Nawaloka Holdings, one of Sri Lanka’s leading suppliers of FMCG and bakery products, is expanding its consumer product range with the latest addition ‘Almarai’ cheese.

USAID launches US $ 12mn project to boost Lankan youth employability

United States Agency for International Development (USAID) yesterday joined the government to launch a project to equip the country’s youth with skills required to survive and thrive in the fast evolving workplace. 

Lanka IOC to set up electric vehicle charging points at existing filling stations

Lanka IOC PLC, Sri Lanka’s only privately-owned petroleum distributor, is planning to set up over a dozen electric vehicle charging stations (EVCSs) at its existing petroleum filling stations this year, in order to reliably facilitate journeys to long-distant destinations such as Kandy. “We’re planning to scale up, and this year we’re planning more than a dozen EV chargers in our filling stations,” Lanka IOC Senior V

London Stock Exchange CEO to step down

AFP: London Stock Exchange Group said yesterday that its chief executive, French national Xavier Rolet, would leave the company by the end of 2018 after almost a decade in charge. It gave no reason for Rolet’s move, which will precede Britain’s planned formal departure from the European Union scheduled for March 2019.