Yeti Isotonic creates waves in lankan beverage market

Yeti Isotonic which was recently launched in Sri Lanka looks to shake-up the sports drink market by offering the ‘most advanced electrolyte drink’.

Sharp electronic products now exclusively from Singer

Sharp, one of the most globally recognized manufacturers of electronic products has been recognized as a preferred brand name amongst the general public in Sri Lanka and since 2013, the brand has been made exclusively available at Singer, Sri Lanka’s leading retailer for consumer durables.

SLEA Annual Sessions to be held next week

The Annual Sessions of the Sri Lanka Economic Association (SLEA), the premier association of economists in the country, will be held on 27-28 October on the theme ‘Modernization

Mangala meets IMF Deputy Managing Director

Minister of Finance and Mass Media Mangala Samaraweera while attending the WB/IMF annual meeting in Washington at the conclusion of the meeting called on   Mitsuhiro Furusawa,  Deputy Managing Director of the IMF and held discussion on matters of mutual interest.

Global Capital names Dr. Coomaraswamy as Governor of the Year South Asia

Central Bank Governor Dr. Indrajit Coomaraswamy, Governor Central Bank of Sri Lanka has been named Central Bank Governor of the Year, South Asia, by the popular publication house Global Capital at Global Capital Markets Awards ceremony in Washington DC on October 14, which coincides with the World Bank-IMF Annual meetings.

Shiran Fernando to assume duties as Chief Economist at Ceylon Chamber

The Ceylon Chamber of Commerce has appointed Shiran Fernando as its new Chief Economist, effective from 16th October, following the resignation of Anushka Wijesinha. Fernando, who holds Bachelors in 

Central Bank Governor sees no pressure to lift rates

BLOOMBERG: Sri Lanka’s Central Bank doesn’t see any pressure to tighten policy even as inflation accelerates on the back of a severe drought and poor weather, Governor Indrajit Coomaraswamy said in an interview.

CEB gets ‘AAA’ rating from Fitch; outlook ‘Stable’

Fitch Ratings Lanka has published Sri Lanka-based Ceylon Electricity Board’s (CEB) National Long-Term Rating of ‘AAA(lka)’ with a ‘Stable’ outlook. The CEB is fully-owned by the Sri Lanka sovereign (B+/Stable).

Tougher stock market rules from January, next year

The Securities and Exchange Commission (SEC) last week directed the Colombo Stock Exchange (CSE) to incorporate the amended rules for stringent policy enforcement into the existing Listing Rules, according to a disclosure made on the CSE yesterday.

Shares snap winning streak, end lower on profit-taking

REUTERS: Sri Lankan shares snapped a winning streak to end lower yesterday, slipping from their highest close in more than 10 weeks hit in the previous session, with investors booking profits in financials, brokers said

Sri Lanka’s BASEL III debt instruments get initial ratings from Fitch

Fitch Ratings yesterday rated three of the BASEL III compliant corporate bonds, convertible into equity as the Sri Lankan banks begin to raise funds to ramp up their capital through BASEL III sub debt for the first time. 

Growing informal sector to subdue hotel industry profit margins: Fitch

The profit margins of Sri Lankan hotels will continue to fall over the next two to three years due to the competition arising from low-priced accommodation in local and regional markets, according to Fitch Ratings.

Pan Asia Bank joins hands with Bellvantage

Sri Lanka’s fastest growing commercial bank, Pan Asia Banking corporation PLC recently joined hands with Bellvantage (Pvt.) Ltd to obtain an outsourcing solution to handle the bank’s 24x7/365 Contact Centre operation.

Laugfs Gas celebrates two years in Bangladesh

Laugfs Gas, which is a part of the diversified Sri Lankan conglomerate Laugfs Holdings, recently celebrated two years of operation in Bangladesh with the presence of eminent local business leaders and government officials.

Enrich wins NCE Gold Award and two Silver Awards

Enrich Tea and Food Exports (Pvt.) Ltd, one of the leading tea and food exporters in Sri Lanka, bagged three coveted awards at the NCE Export Excellence Award ceremony 2017 organized by National Chamber of Exporters.

Etihad Aviation Group Supports Vocational Excellence At Worldskills Abu Dhabi 2017

Etihad Aviation Group is proud to provide air, ground and logistical support to WorldSkills Abu Dhabi 2017, with thousands of competitors converging on the UAE’s capital city this week for the biggest

IQ leads the charge in Sri Lanka

For the first time in Sri Lanka, Innovation Quotient -IQ- is bridging the gap between human insight, applied creativity and technical capability. And it’s bringing these solutions to top corporates, 

Dialog Ridma Reyak 2017’ Musical Extravaganza

For the second consecutive year, premier telecommunication service provider, Dialog Axiata PLC, will support the much-anticipated musical extravaganza ‘Ridma Reyak’ on the 29th of October,

SL sees gains from GSP Plus in August

The Sri Lankan apparel sector finally appears to have started realizing the benefits of the recently reinstated Generalized System of Preferences Plus (GSP Plus) facility with the European Union (EU) with double digit growth in exports, while the exports to the US market too saw an uptick.

OFID loans additional US $ 18mn for Kaluganga project

OPEC Fund for International Development (OFID) has loaned an additional US$ 18 million to Sri Lanka for the Kaluganga Development Project (KDP), a Finance Ministry communiqué said.

Sirisena-Wickremesinghe govt. poised to leapfrog economy, Mangala tells World Bank

Sri Lanka’s unity government, headed by President Maithripala Sirisena and Prime Minister Ranil Wickremasinghe, is poised to leapfrog the economy after long years of conflict and political instability, according to Finance and Mass Media Minister Mangala Samaraweera.

Industrial production records strong rebound in August

Sri Lanka’s industrial production, which measures the volume of goods and services produced in the manufacturing sector, showed a healthy growth in August, both against the same month in 2016 and the month before in 2017. 

Dialog to shrink brick-and-mortar financial services of Colombo Trust Finance

With the acquisition of Colombo Trust Finance PLC (CTF) in September, Dialog Axiata PLC has sent a strong signal to the Lankan banks and finance companies that they should be ready to face their traditional brick-and-mortar business models being severely challenged during the next 5 to 10-year period. 

South Asia’s first NB-IoT service launched on Dialog’s 4G LTE network

Dialog Axiata PLC yesterday announced the unveiling of yet another cutting-edge technology solution with its foray into Narrowband Internet of Things (NB-IoT).  The first to launch the technology in South Asia, NB-IoT is a narrowband radio technology specially designed to enable seamless connectivity amongst devices using Low Power Wide Area (LPWA) technology. 

Hirdaramani facilitates TEDxColombo as main partner

The Hirdaramani Group facilitated TEDxColombo for the third year in a row as main partner.  Known globally for being a platform that can spark change, its ethos mirrors that of Hirdaramani’s, which has forged innovation in its ethical and sustainable manufacturing. 

Mangala meets US Commerce Secretary

Minister of Finance and Media Mangala Samaraweera met US Secretary of Commerce, Wilbur Ross, a Senior Cabinet Minister of the Trump administration, on the sidelines of the World Bank/IMF Annual Meeting in Washington, D.C last week

YNF and UNIDO enlighten SMEs on food safety in Matara

The Youth to Nation Foundation (YNF) in collaboration with the United Nations Industrial Development Organization (UNIDO) conducted a workshop on food safety and good manufacturing practices for small and medium scale entrepreneurs (SME) in Matara recently.

Professor H.A. de S. Gunasekera Memorial Oration next week

The Professor H.A. de S. Gunasekera Memorial Oration 2017 will be held on October 24that 3:00 p.m. at the Senate Room, University of Peradeniya. 

Entrepreneur awards to be held tomorrow

‘Entrepreneur Award for the year 2017’ for Western Province, will be held tomorrow at the Sri Lanka Foundation Auditorium, Colombo  7,  under the patronage of the Industry and Commerce Minister Rishad Bathiudeen. 

Techno Sri Lanka 2017

Techno Sri Lanka 2017 Exhibition organised by the Institution of Engineers Sri Lanka (IESL) was launched at the BMICH yesterday. The exhibition features the widest range of engineering and technology products. Pic by Kithsiri De Mel