International Chamber of Commerce Sri Lanka to hold 51st AGM this week

The International Chamber of Commerce Sri Lanka (ICCSL) which celebrates its 62 years anniversary this year will hold its 51st Annual General Meeting and the anniversary celebrations at the Hotel Galadari, Colombo on September 29.  

Alpha Industries extend support as Gold Sponsor for ‘Office 2017’

Alpha Industries, a leading security solution (physical storage) provider and furniture manufactures in Sri Lanka recently joined hands with ‘Office 2017’, an exclusive exhibition showcasing workplace solutions, as the Gold sponsors for the mega event. 

Litro Gas Lanka partners Chefs Guild to power culinary expo

Litro Gas Lanka, the largest importer and supplier of LP Gas in Sri Lanka partnered the Chefs Guild of Lanka for the 10th consecutive year to sponsor the 17th edition of the country’s biggest culinary food exhibition and trade show, ‘Culinary Art Food Expo 2017’ (CAFÉ2017). 

Sanjeev and Kumar back with ‘The Smart Professional’

Sanjeev Jayaratnam and Kumar de Silva are back once again with their signature motivational, skills development, and corporate etiquette workshops – The Smart Professional

Dr. Ganeshan Wignaraja to deliver keynote at CILT International Conference 2017

Eminent scholar and economist Dr. Ganeshan Wignaraja is slated to deliver the keynote address at the Chartered Institute of Logistics and Transport (CILT) Sri Lanka ‘International Conference - 2017’ to be held on 3rd October at the Balmoral Hall of The Kingsbury Hotel, Colombo.

CB releases ‘Sri Lanka Socio-Economic Data – 2017’ publication

‘Sri Lanka Socio-Economic Data – 2017’, the annually published data folder of the Central Bank of Sri Lanka, is now available for public information. The current data folder is the 40th volume of the series. This easy-to-carry data folder contains information on country p

Abbotsleigh Estate achieves all-time record price

At the tea auction held on 20th September, an invoice of PF1 from Abbotsleigh Estate, Watawala selling under the Florence Mark secured an all-time Colombo tea auction record price of Rs.710/- per kilogram in the CTC High Grown Category.

GOPIO SL to host career development programme for A/L students

The Sri Lankan chapter of Global Organization for Persons of Indian Origin (GOPIO) SL organized a career development seminar today.

Perfect Business Solution wins Gold at CNCI Awards 2017

Perfect Business Solution Services (PBSS) grabs another Gold award as the best service company in the national level at CNCI Awards 2017 held recently at Galadari Hotel Colombo.

UK banks to check immigration status from January: govt

AFP:  UK banks will start carrying out immigration checks on all account holders from January, part of a crackdown on those in the country illegally, the government said this week.

Asia markets down and dollar weaker, North Korea back in view

AFP: Asian markets turned lower yesterday as investors cashed in at the end of a mostly positive week while the dollar weakened against its main peers with analysts questioning the chances of a third US interest rate hike this year.

S&P lowers Hong Kong credit rating following China cut

AFP: Standard & Poor’s yesterday slashed Hong Kong’s top-notch credit rating, a day after lowering China’s, warning of potential spillover risks the mainland’s ballooning debt pile.

Swedish telecom firm Telia to pay corruption fine of nearly US$1 bn

AFP: Swedish telecom firm Telia will pay fines of nearly US$1 billion to settle a bribery case brought by US, Swedish and Dutch authorities, the US Justice Department announced Thursday.

Regional consultations for National Export Strategy in Galle

Regional Consultations as part of the design of Sri Lanka’s National Export Strategy (NES) took place in Galle yesterday.

CB seen holding policy steady to support economy

Sri Lanka’s Central Bank is expected to keep its key interest rates steady on Tuesday, a Reuters poll showed, to support a stuttering economy even as inflation accelerates amid strong credit growth.

CIMA Global President meets Prime Minister

David Stanford - CIMA Global President met with Prime Minister Wickremasinghe at Temple Trees to discuss potential opportunities for CIMA to work with the government to build a skilled workforce and financial literacy in the country. Venkkat Ramanan - 

Difficult NAFTA round three set to start in Canada

AFP: The third round of talks on revamping NAFTA, which start today in Ottawa, are expected to be punishing as diplomatic tensions mount.

Budget airlines to drive plane demand in next 20 years: Boeing

AFP:  Smaller planes will dominate aviation orders worldwide in the next 20 years, driven by the needs of budget airlines in emerging markets like Southeast Asia, Boeing said yesterday.

Russia keen on more OPEC cooperation

AFP: Russia’s energy minister said yesterday that he was in favour of continuing cooperation with the OPEC oil cartel as their joint accord to cap output bears fruit in boosting the price of crude. “We should keep the pace and definitely moreover follow through on the concerted action,” Alexander Novak said at the start of a meeting of oil-producing countries in Vienna.

Ten Sri Lankan youth will attend the prestigious Spikes Asia Festival of Creativity

Eight outstanding young professionals from Sri Lanka’s advertising industry and two students have been selected to represent the country at the annual Young Spikes 2017 & Cheil Young Creative 

Malay Sports Festival startles the Padang Complex

The Malay Sports Festival organized by Kumpulan Melayu Battaramulla (KMB) concluded at the Padang Complex on Sunday the 17th of September 2017.

Industry Stalwarts Positive on Investment Opportunities at Investor Forum Sri Lanka 2017

Sri Lanka needs better investor friendly legislation to attract more foreign investors – was the general consensus by industry experts at the recently concluded Investor Forum Sri Lanka, organized by the

New SEC Act to address issues outlined by IOSCO: official

The new Securities and Exchange Commission (SEC) Act, which is currently with the Legal Draftsman’s Department, will address the gaps in the regulatory system, which were outlined by the International Organization of Securities Commissions’ (IOSCO) Country Review, an SEC official said. “All those concerns will be taken care of under the new Act when it is passed in parliament,” SEC Director General Vajira Wijegunawardane s

SBI Japan to acquire 20% of Wealth Trust Securities

Tokyo-based SBI Holdings has entered into an agreement to acquire 20 percent of the shares of Sri Lanka’s Wealth Trust Securities Limited (WTS).

ADB assures continuous support for SL’s urban development programme

Manila-based development lender, Asian Development Bank (ADB), this week reiterated its pledge to continuously support Sri Lanka in its urban development programme and said would even step up its assistance going forward.  

EU pledges Rs.5.4bn to support Uva and Central provinces  

The European Union has pledged Rs.5.4 billion (EUR 29.7 milliion) to reduce poverty in Uva and Central provinces of Sri Lanka by improving the living conditions and food security of the people living in the two provinces.

Nation-wide inflation accelerates to 7.9% in August

Sri Lanka’s nation-wide inflation, measured by the change in the National Consumer Price Index (NCPI), rose to 7.9 percent in August on a year-on-year (YoY) basis, accelerating from 6.3 percent a month ago, the data released by the Department of Census and Statistics showed. 

SL tea output rises 6.14% YoY in August

REUTERS: Sri Lanka’s tea output rose 6.14 percent due to good weather in August, the state-run Tea Board said on Wednesday, while industry officials also attributed the gain to lower production last year. Production in the first eight months of the year edged up 3.99 percent compared to the same period last year.

Hameedia new range of shoes to complete your fashion statement

Hameedia, Sri Lanka’s leading menswear specialist, has introduced a new collection of genuine leather mensshoes at their stores. The six new styles range from dress shoes to more casual shoes, 

Nestlé ranked Sri Lanka’s No. 1 Most Respected F&B Company once again

Nestlé has been ranked Sri Lanka’s Most Respected Food and Beverage Company in LMD’s Most Respected Entities Publication for 2017. This is the second consecutive year the company was