Colombo Dockyard banks on ship repairs, heavy engineering to return to profitability

Colombo Dockyard PLC (DOCK), which has been navigating through rough seas in recent years, is hoping to return to calmer waters in the next financial year, backed by ship repairs and heavy engineering projects.

Tea veteran stresses need for disciplining export sector

Tea veteran and Dilmah Tea founder Merrill J. Fernando yesterday reiterated that the Sri Lanka’s tea export sector is in need of disciplining and stringent quality checks.

China Merchant to reveal plans for H’tota port

The China Merchant Port Holdings will declare its plans for the Hambantota port at the Ceylon Chamber of Commerce organized seminar titled ‘South Asia’s Emerging Gateway City.

PUCSL invites public views on electric vehicle charging station rules

The Public Utilities Commission of Sri Lanka is now engaging with the public to create regulations for electricity vehicle charging stations (EVCS) and consumer rights for EVCS users.

Sri Lanka plans 16% increase in borrowing in 2018

REUTERS: Sri Lanka plans to increase its overall government borrowing by 16 percent in 2018 to Rs.1.8 trillion (US $12 billion), a document showed this week.

Teejay honoured at CNCI Achiever Awards 2017

Teejay Lanka PLC, the region’s largest multinational textile manufacturer, was honoured at the recently concluded CNCI Achiever Awards 2017, organised by the Ceylon National Chamber of Industries. 

Korea-Sri Lanka agro tourism project seeks Cabinet nod

Pastem-Gala Sugar and Power Gen 2 Project, a joint venture between Sri Lankan, Korean and US parties, is seeking Cabinet approval to set up a US$ 350 million agro-tourism and waste-to-power public-private partnership project in the country’s poorest region, Uva Province.

Libertarian think tank launches project to monitor tariffs on food

Libertarian think tank Advocata Institute is launching a project to monitor import tariffs on food, with weekly updated figures available on the institute’s website as a ‘Food Tax Tracker.’

Ready to savour Annasi & Kadalagotu this year?

Last year we saw a giraya yielding Lucy Hami glowering at Sherlock Holmes as Nasrudin looked on, while Thenali, Tom and Jinna worked together to get the ‘Water Horse’ back in motion

FACETS – Bringing Sri Lanka’s Gem & Jewelry Industry Into the 21st Century

A tiny island in the middle of the Indian Ocean was once a prominent feature in the tales of explorers, scholars and merchants who spread the fame of the troves of precious gems hidden in its earth.

Coca-Cola's Lion Soda team triumphs as Champions at the annual Coca-Cola Sports Day

The employees of Coca-Cola Beverages Sri Lanka Ltd. recently celebrated their Annual Sports Day at the CH & FC grounds. The day of athleticism and sportsmanship was championed by the houses

Keells Super customers donate Rs. 2.5 million towards ‘Little Hearts’Project

Keells Super announced the completion of a fundraising campaign for the Little Hearts Project, with the donation of Rs. 2.5 milliontowards the treatment of children diagnosedwith Congenital Heart 

PLC Now Internationally Carbon Neutral Certified!

People’s Leasing & Finance PLC (PLC), Sri Lanka’s market leader in leasing and a subsidiary of People’s Bank, wasrecently awarded the internationally accredited CarbonNeutral®  certification

Third Space Global employs online tutors from Sri Lanka to teach UK students

Third Space Global, a UK owned BOI approved company, opened its new regional headquarters at Orion City, Colombo 9 on 13 September 2017. The company has grown to over 200 staff since

Cartier’s First Exceptional Watches Event in Sri Lanka

Cartier hosted an extraordinary evening in collaboration with the Maison’s partner, Chatham Luxury. An exclusive watches selection were presented for the first time in Sri Lanka to showcase stunning 

Dialog sets eyes on becoming major force in finance sector

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, on Tuesday showed clear intentions of becoming a major player in the country’s finance space with the acquisition of a listed finance company, as the dividing line between technology and finance gets blurred by the day.

Shell International bags another LPG supply contract for Litro Gas

The cabinet of ministers has decided to purchase 300,000 metric tonnes (MT) of pressurized liquid petroleum gas (LPG) for the state-run Litro Gas from Shell International Eastern Trading Company. Shell International was also the winner of the previous year’s contract for supply of LPG to Litro.

Savings interest taxed higher under new tax law, so are foreign currency deposits

The interest on savings made by Sri Lankans have been made liable for a higher withholding tax by the new Inland Revenue Act, which was passed in parliament last week, a business forum in Colombo was told yesterday.

Fairway acquires 75% of Ascot subsidiary with rights to build 30-room hotel in Yala

The diversified business group, Fairway Holdings, yesterday said it would be purchasing 75 percent of Ascot Leisure (Pvt.) Ltd for a total of Rs.70 million.

Sri Lanka’s Google Loon dream still alive, says Harin

The Google Loon dream of the current government is still alive, with Telecommunication and Digital Infrastructure Minister Harin Fernando set to make a renewed effort at negotiations with the International Telecommunication Union (ITU) for the rights to use the frequency band required for the project.

SL to research using graphite in rechargeable batteries

The government has decided to carry out a research project to examine the possibility of adding value to the graphite mined in Sri Lanka by way of using such in rechargeable batteries. 

Australia’s Margosa begins airborne survey of graphite deposits in Sri Lanka

Australia-based Margosa Graphite Ltd (Margosa), together with Lanka Resources and Mining (Pvt.) Ltd (LRM) announced that it would commence an extensive high-resolution helicopter-borne time-domain electromagnetic survey (HTDEM) to accelerate its exploration search for new graphite deposits in Sri Lanka. 

CMA to conduct seminar on new Inland Revenue Act

The Institute of Certified Management Accountants of Sri Lanka (CMA) will conduct a seminar on the new Inland Revenue Act on Wednesday, September 20, 2017, from 8:30 a.m. to 12:30 p.m., at Cinnamon Lakeside, Kings Court.

Elephant House unveils Lemoki lemon and kiwi combo

Sri Lanka’s own Elephant House has unveiled its most exotic beverage to date, Lemoki; the perfect combo of Lemon and Kiwi flavours. This is the first time that a beverage with Kiwi and Lemon has been introduced locally.

Sadaharitha marks Ozone Day

The International Day for the Preservation of the Ozone Layer falls on Saturday, September 16 and Sadaharitha Plantations, as the leader in the business of commercial forestry will commemorate the occasion by inviting the nation to join hands with them and contribute to making our planet green  and fertile.  

Asanga speaks at Cambridge 35th Int’l Symposium on Economic Crime

Institute of National Security Studies Director General Asanga Abeyagoonasekera was invited by the Cambridge University, Jesus College, for the 35th International Symposium on Economic Crime, held from September 3 to 10, 2017.

Durdans Hospital opens new purpose-built car park building

Championing an ambitious re-development and remodelling programme aimed at optimising healthcare delivery, Durdans Hospital opened its new purpose-built car park building to the public, which will be accessible via Alfred Place, adjoining  R. A. De Mel Mawatha.

Samsung Smart TVs present cutting-edge technology and innovative features

Samsung Electronics revolutionized the Smart TV industry in the world with their liquid crystal display (LCD) TVs,eleven years before iPhone was introduced.

IAA set to present ‘Good vs. Gold’ featuring Anthony Chelvanathan

Sri Lanka Chapter is set to present ‘Good vs. Gold’, an inspiring session featuring the globally acclaimed Group Creative Director of Leo Burnett Toronto, Anthony Chelvanathan.

GE Power selected for another major gas power plant contract in South Asia

GE announced that it has been selected by the Shapoorji Pallonji Group (SP Group) to supply the power generation equipment for the upcoming 220 megawatt (MW) combined cycle power plant in the Bhola district  of Bangladesh.