Lingerie brand Amante looks to expand portfolio in India

PTI: MAS Brands India, which launched the Amante brand in 2007, is looking at operating 100 stand-alone stores in 15 to 20 cities in the next three to five years. 

Jaffna stakeholders participate in key regional consultations for National Export Strategy

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

Pathfinder Foundation ties-up with leading Russian think tank

The Pathfinder Foundation (PF) has taken a pioneering initiative by entering into a collaboration agreement with the Russian International Affairs Council (RIAC) having its seat in Moscow, the Russian Federation.

LMD recognizes Triad the ‘Most Respected Advertising Company’ in Sri Lanka

The most respected business entities are recognized and listed by Lanka Monthly Digest annually, in a bid to set a standard of excellence for the corporate sector. 

Office 2017 to kick off on September 29

Office 2017, the first-ever exclusive exhibition for all corporate solutions, will be held on September 29 and 30 and October 1, at the BMICH.

Capitol TwinPeaks Model Apartment now open

Capitol Developers, the company developing the iconic Capitol TwinPeaks has unveiled its model apartment to the public for viewing. Staying true to its impeccable track record of delivering projects 

Hameedia’s “What’s Your Fit” campaign continues around the country

Hameedia, Sri Lanka’s premier men’s wear specialist renowned for quality and style recently introduced ‘What’s Your Fit?’ campaign at the beginning of August to extend their fashion expertise 

DSL Enterprises (Pvt) Ltd Pledges to Support “Little Hearts”

DSL Enterprises (Pvt) Ltd, announce their participation in the Little Hearts project, which aims to build a Cardiac and Critical Care Complex at the Lady Ridgeway Hospital. 

Omega Line emerges best value added exporter in apparel sector

Omega Line Pvt Ltd, a leading apparel manufacturer with a highly focused export-oriented strategy and part of globally renowned Italy-based CalzedoniaS.p.A, was yet again awarded the highest

SimpleCRM launches solutions to support education institutes in Sri Lanka

During the last decade, digital transformation has been the main challenge for numerous industries and service providers and it has also touched the education sector in all geographies.

Gamer.LK announces second consecutive Inter-School eSports Championship

Gamer.LK is proud to present the second edition of its Inter-School eSports Championship with students from government and private schools competing for the prestigious Championship Trophy.  Powered by Dialog Gaming, the Championship will be held on 30th September and 01st October at Trace – Expert City.

UN SDG becomes key criteria for ‘Best Corporate Citizen Sustainability Award’

‘Best Corporate Citizen Sustainability Award 2017’ will take into consideration the sustainable work done by local firms in line with the 17 UN Sustainable Development Goals, when evaluating applications forwarded by companies for this year’s competition.

‘Escape the Room’ provides innovative platform for business excursions

An escape room is the ultimate, interactive, live player strategy game, for those who want to engage their mental muscle, test their creative thinking and demonstrate their problem solving abilities.  The game commences when a group of 2-6 players, are locked in ‘the escape room’. The room 

Eagle Logistics specializes on 4PL

Eagle Logistics Colombo has become the first 4PL provider in Sri Lanka to be involved with many corporate customers and be an integrator that accumulates resources, capabilities and technologies to run complete supply chain solutions. 

Omega Line emerges best value-added exporter in apparel sector

Omega Line Pvt Ltd was yet again awarded the highest value-added exporter in the apparel sector category at the recently held Presidential Export Awards.

Apparel makers seek concessions to import labour from regional countries

Sri Lanka’s apparel industry is now seeking concessions from the government to import labour from regional economies to address the local labour shortage, National Policies and Economic Affairs Deputy Minister Dr. Harsha de Silva said yesterday.

Tender row over 300MW LNG power plant continues

In a shocking turn of events, Power and Energy Ministry Secretary Dr. Suren Batagoda yesterday insisted that Korean industrial giant Samsung has not qualified for the 300MW Liquified Natural Gas (LNG) power plant tender in Kerewalapitiya, after being queried over claims that Samsung’s bid—the highest—would have resulted in a Rs.220 billion loss to the country.

Electricity sector to be hit by multiple factors in coming years: regulator

Sri Lanka’s electricity sector will experience cost overruns, load shedding and unplanned power procurement in the coming few years also due to shortcomings in implementing the country’s Least Cost Long-term Generation Expansion Plan (LCLTGEP). According to Public Utilities Commission of Sri Lanka (PUCSL), the country’s electricity sector regulator, Sri Lanka experienced these issues in the past few years due to the same reasons

Shares mark 4-week closing high on foreign buying

REUTERS : Sri Lankan shares gained for a fourth straight session yesterday to mark a four-week closing high on foreign buying in blue-chips.

Fitch flags concerns over weaker capital at Sampath Bank despite fresh equity, sub-debt

The proposed capital injections and retained earnings are unlikely to leave Sampath Bank PLC with much headroom due to the gap between the regulatory capital, and the bank’s actual capital remains very thin, a rating report suggests.

OPPO Launches Speedy Operation A71

OPPO, the leading global technology brand, marked a significant shift towards speedy operation with a spectacular design, the A71 in Sri Lanka. With the new camera phone A71,

CIMA President David Stanford in town

As part of an official visit to Chartered Institute of Management Accountants’ (CIMA) global markets, CIMA President, David Stanford FCMA, CGMA, arrived in Sri Lanka yesterday and will be in the country till the 24th.

The Body Shop introduces the Tea Tree Anti-Imperfection Night Mask

Dreaming of waking up to skin that feels smoother, healthier and fresher? Then The Body Shop’s Tea Tree Anti-Imperfection Night Mask is for you. The revolutionary product-the first and best of its kind

Lankan doctor video consultation app start-up raises US $ 1mn in seed funding

oDoc, a Sri Lankan start-up, has raised US $ 1 million as seed funding to commercialize its app connecting patients with doctors for video consultation. This is the largest seed investment round for any start-up in Sri Lanka.

Sri Lanka’s new tax laws to dampen life insurance sector profitability

Sri Lanka’s life insurers may have thought all troubles they underwent from the time they segregated their composite businesses and adopting risk-based capital are finally over. 

Shares hit 3-week closing high as blue chips gain

REUTERS: Sri Lankan shares rose for a third straight session yesterday and ended at a three-week closing high as investors picked up diversified and telecom shares, brokers said.

Move to audit city hotels to discipline minimum room rate violators

The government has started auditing the Colombo city hotels to bring to book the violators of the minimum room rate regulation, Tourism Development and Christian Affairs Minister John Amaratunga said yesterday.

Rupee ends marginally lower on dlr demand from banks

REUTERS: The Sri Lankan rupee ended weaker yesterday as dollar demand from banks and importers surpassed selling of the greenback by exporters, dealers said. The spot rupee ended at 153.05/10 per dollar, compared with Friday’s close of 152.80/90.

Seminar by SAARC Arbitration Council to focus on debt recovery

Sinhaputhra Finance PLC, in collaboration with the SAARC Arbitration Council is organizing a seminar mainly to discuss how to adopt arbitration as a litigation process for a speedier recovery method specially in debt recovery, be it in the Banking and Finance sector or in any other sector which has debt recovery issues.

National Chamber to hold seminar on construction industry

The National Chamber of Commerce (NCC) in collaboration with the Construction Industry Development Authority (CIDA) will hold a seminar on the construction industry on Thursday, September 28, 2017, from 3:00 p.m. to 5:00 p.m., at the National Chamber Auditorium, No: 450, D R Wijewardene Mawatha, Colombo 10.  The resource persons and topics are: ‘The national policy on construction industry – Important aspects and overview by CIDA