Vista Rooms continues expanding in Sri Lanka, on path to 1000 properties by 2018

Vista Rooms, South Asia’s largest chain of affordable stays, is on track to onboard 1000 properties with over 10,000 rooms by the end of 2018. With the country experiencing a growth of 14% vis-a-vis 

young professionals from Leo Burnett Sri Lanka to compete at the Young Spikes Competition

Two young professionals from Leo Burnett Sri Lanka, will represent the country at the upcoming Young Spikes Media Competition, which is set to take place in Singapore. 

Sri Lanka’s first fibre broadband Wi-Fi machine installed

Sri Lanka will walk into a digital economy in five years’ time and will be able to get connected to the world, Prime Minister Ranil Wickremesinghe said this week. The prime minister made this remark launching Sri Lanka’s very first fibre broadband Wi-Fi machine in Galle Face on Monday. 

Renuka Capital acquires 23% of Unity Plaza

Renuka Capital PLC, a unit of the Renuka group, this week acquired 23 percent of On’ally Holdings PLC, the owners of the Unity Plaza building in Bambalapitiya, for Rs.173.4 million.

Screen printers from Europe and Asia meet in Colombo for FESPA’s General Assembly

The General Assembly of Federation of European Screen Printing Associations will be held from 29th to 30th September at Colombo Hilton. 

BOI to host seminar on ‘Hub Operations’

The Board of Investment of Sri Lanka will be hosting a special seminar titled ‘Hub Operations ; future opportunities for Investment in Sri Lanka’ from 9.00 am to 12.00 pm on 12th October at the BOI Auditorium.

Ceylon Chamber compiles registry of Northern SMEs

The Ceylon Chamber of Commerce has compiled a ‘Registry’ consisting details of the SMEs operating in the Northern Province.

IPS Auditorium named after late Dr. Saman Kelegama

The Institute of Policy Studies of Sri Lanka (IPS) on Monday (25) named its state-of-the-art auditorium as the ‘Dr. Saman Kelegama Auditorium’, dedicating it to its late Executive Director, in memory ofhis vision, leadership, and guidance to the IPS, 

Finance Ministry calls proposals for budget 2018

The Finance Ministry is calling for proposals from all stakeholders including the general public to be included in the budget 2018 that will be presented in Parliament in November this year.

amanté launches inspiring new Autumn-Winter 2017 collection

Drawing its inspiration from the rousing examples of successful women who have persevered against the odds, leading intimate apparel label amanté, unveiled its Autumn-Winter 2017 “Muse” Collection

Winner for Season 2 of Mobitel’s Cash Bonanza Montero

The National Mobile Service Provider, Mobitel’s Cash Bonanza Montero Extravaganza programme continues to reach unprecedented heights in August, witnessing a growing numbers of customers 

“UJALA” WINS COUNTERFIET BATTLE

In a ruling dated September19th2017,the Commercial High Court of the Western Province granted a landmark interim injunction, which was sought by the Indian company, Jyothy Laboratories Ltd.

Nestlé wins ‘Highest Value Added Exporter’ at Presidential Export Awards

Nestlé has won ‘Highest Value Added Exporter’ in the Coconut Kernel Product category at the recent Presidential Export Awards. This marks the sixth Presidential Export Award for the company, in 

FinMin pledges to chuck out dated laws to create conducive business environment

The government has pledged it will revisit and amend Sri Lanka’s old and archaic legislation, which continues to stand in the way of the business community, reducing its pace of making any progress. Finance Minister Mangala Samaraweera assured that with the government formulating its strategies in 

Sri Lanka in talks with two Chinese firms for US $ 3bn refinery

REUTERS: Sri Lanka is in talks with two Chinese companies about investing up to US $ 3 billion to build in a new refinery at its Chinese-controlled port, a top government official said on Friday.

All laws pertaining to Central Bank to be revisited for overhaul: official

The Central Bank is currently in discussions with the government to possibly amend all the laws pertaining to the Central Bank and monetary system, according to a Central Bank official.

Lankans seen spending on houses, vehicles and holidays in apparent shift towards affluent middle-inc

Although Lankans are said to be struggling to make their ends meet with the rising cost of living, the numbers tell a different story as they have spent lavishly on housing and vehicles, gone on vacations in expensive villas and purchased branded products vis-à-vis essential food items. 

Tax expert says amendment to new tax law likely before implementation next year

  The newly introduced Inland Revenue Act (IRA), which is dubbed as a carbon copy of the tax code introduced in Ghana by the International Monetary Fund (IMF), is largely expected to see its first amendment before its implementation on April 1, 2018, said an expert in tax policy and planning.  

MSL Sri Lanka’s Group Director Caryll Van Dort invited to serve on the jury at Spikes Asia

MSL Group Sri Lanka’s Caryll Van Dort who leads the agency’s PR arm at Leo Burnett Sri Lanka, has been invited to serve as a member of the Public Relations jury at the prestigious Spikes Asia Festival

Leading Global Relocations Player Santa Fe collaborates with EFL Relocations

Pioneering freight and logistics provider EFL ( Expo lanka Freight) has officially partnered with global family moving giant Santa Fe Relocation Services.

SLIM partners with HayleysAdvantis

Sri Lanka Institute of Marketing (SLIM) signed an MOU with HayleysAdvantis Limited appointing the latteras the exclusive logistics partner of SLIM flagship events; 

The Presidential Export Awards recognizes Virtusa’s strong contributions to the Sri Lankan economy

Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients,was recently recognized as the ‘The Highest 

Central Bank Governor offers key insights at DFCC Bank’s high level strategy workshop

DFCC Bank organized a strategizing session on September 9th at the Pegasus Reef Hotel, Wattala, where a cross-section of the Bank’s senior staff engaged in interactive and participatory discussions 

Aitken Spence to sell Hotel Hilltop, Kandy for Rs.740mn

Aitken Spence Hotel Holdings PLC last week announced its decision to dispose 100 percent stake in M.P.S. Hotels Private Limited, the owners and the managers of the Hotel Hilltop Kandy for a consideration of Rs.740 million. 

State Minister says Sri Lanka is a tax haven

In a sharp censure to those who charge that the present government has slapped the citizenry with the highest possible taxes while taking away the concessions, the country’s State Minister of Finance said Sri Lanka is a tax haven in comparison to most other economies in the region and beyond as the new tax rates remain way below that of those countries. 

Ceylon Chamber invites Lankan firms to join project to tap Norwegian ICT market

 The Ceylon Chamber of Commerce invites Sri Lankan ICT firms to join the Chamber’s ICT Gateway Project, an initiative by the country’s premier chamber to help local firms benefit from the thriving ICT industry in Norway.

Small cars, two & three-wheelers continue to drive August vehicle registrations

The agonizing daily commute in public transport has continued to drive the Sri Lankan public towards acquiring some form of personal vehicle no matter how much such purchases have become difficult with the current economic conditions in the country.  

Siyapatha Finance ups return rate on debentures following tax exemption removal

Siyapatha Finance PLC, a fully owned subsidiary of Sampath Bank PLC said it would offer an additional 50 basis points return on top of the 12 percent it earlier promised for its subordinated debenture, which will open for subscription today.

Nestlé ranked Sri Lanka’s ‘Most Respected F&B Company’ again

Nestlé has been ranked Sri Lanka’s Most Respected Food and Beverage Company in LMD’s Most Respected Entities Publication for 2017. 

Green Herbal Products wins MASSCO Business Award

In recognition of the service towards the upliftment of herbal products in Sri Lanka, Green Herbal Products was awarded a special MASSCO award 2017 held at Hotel Ramada Colombo recently.