7 Star Rotti Challenge by Serendib Flour Mills at Eat Street Colombo 2017

'Eat Street CMB', was definitely an eventto be at this year with over 50 stalls serving a variety of amazing food with live music.Serendib Flour Mills partnered with this year’s open-air street food 

Serendib Leisure ventures into boutique hotels and villas

Serendib Hotels PLC, a unit of Hemas group, yesterday said it entered into a sales and purchase agreement with First Edge Investment Limited to acquire the controlling stake of three boutique villas in Sri Lanka’s Southern coast.

Harin hails Mangala for eliminating telecom levy on data services

Telecommunication and Digital Infrastructure Minister Harin Fernando yesterday paid tribute to Finance and Mass Media Minister Mangala Samaraweera for removing the Telecommunications Levy on pre-paid data services.

Dialog sets eyes on becoming major force in finance sector

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, yesterday 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.

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.

JAT Technologies offer mind-blowing audio visual and ELV experience centre

JAT Technologies offers a mind blowing audio visual and ELV (Extra Low Voltage Solutions – CCTV, IPTV/MATV, Access Control, PA, Fire Alarm, Home Automation) experience at the newly opened centre at 160, 1/1, Nawala Road Nugegoda.

Mobitel partners Fairfirst Insurance offering innovative micro-insurance cover

The National Mobile Service Provider Mobitel, has partnered with Fairfirst Insurance to offer customers an innovative micro-insurance cover that provides customers financial assistance when the insured is confined to bed due to physical disablement or an accident.

Sirocco Air Technologies celebrates partnership with Casals of Spain

International fans innovator Casals of Spain recently hosted cocktails for potential Sri Lankan customers at Waters Edge. The event was organised by Casals’ sole representative in Sri Lanka, 

CIM Sri Lanka networking event concludes on high note

The Chartered Institute of Marketing (CIM) Sri Lanka hosted its second networking event for the year with key cricket icons, Cricket Superstar Aravinda De Silva, Ranjit Fernando, Cricket Commentator, Roshan Abeysinghe and Cricket Administrator Mohan De Silva. 

Vinode by Dialog ViU partners with Coins Film Festival 2017

Vinode, a premier mobile app which brings thousands of movies and videos in Sinhala and Tamil, has joined hands as Strategic Partner with Coins Film Festival 2017, to support the next generation of artists and producers in the Sri Lankan film and drama industry.

IFIP General Assembly meets in Colombo

The key decision-making body of the International Federation for Information Processing (IFIP), the global professional body for those working in the ICT sector, has begun meeting in Colombo.

Laugfs Lubricants unveils advanced lubricant for fisheries sector

In a bid to provide advanced technological support to the fisheries community, Laugfs Lubricants introduced its latest oil blend, Laugfs ‘Power Outboard3’ oil, specifically designed for all water cooled high performance two stroke marine outboard engines including the latest designs under warranty protection.

Softlogic introduces ‘HappyOrNot’

Softlogic Information Technologies, one of Sri Lanka’s premier IT companies and a subsidiary of Softlogic Holdings PLC, have collaborated with ‘HappyOrNot’, a customer and employee satisfaction measuring and reporting automated solution with the aim of offering guaranteed satisfaction improvement for businesses in Sri Lanka.

Rupee closes flat after dull trade

REUTERS: The Sri Lankan rupee ended steady yesterday as selling of the US dollar by exporters offset demand for the greenback from importers in a dull day of trade, dealers said. The spot rupee traded between 152.83 and 152.88 during the day before ending flat at 152.80/90 per dollar.

Shares end marginally higher; block deals boost turnover

REUTERS: Sri Lankan shares ended with modest gains yesterday as local investors picked up beverage and trading shares, while block deals boosted the turnover to more than a two-month high. The Colombo stock index ended 0.08 percent firmer at 6,377.38.

Lanka Social Ventures to conduct seminars for recycling entrepreneurs

Lanka Social Ventures, with the aim of providing services for business ventures engaged in recycling and thereby contributing to address the issue of solid waste management, is organising a series of public seminars. 

Sri Lanka Retail Forum 2017 lines up some best minds to speak

Sri Lanka Retail Forum 2017, which was inaugurated last evening, has lined up 20 best global and local retail industry minds to share insights, make recommendations and discuss how Sri Lanka can transform itself into a regional retail hub, during today’s sessions. The forum, organised by the Sri Lanka Retailers’ Association, an affiliated trade body of the Ceylon Chamber of Commerce, is the first such event to be held in Sri Lanka, fo

Mobitel partners with Fairfirst Insurance

The National Mobile Service Provider Mobitel, has partnered with Fairfirst Insurance to offer customers an innovative micro-insurance cover that provides customers financial assistance when the

‘Good vs. Gold’ featuring Leo Burnett Toronto’s Group Creative Director Anthony Chelvanathan

The International Advertising Association (IAA) Sri Lanka Chapter is set to present ‘Good vs. Gold’, an inspiring session featuring the globally acclaimed Group Creative Director of Leo Burnett Toronto,

OPPO to launch another cutting-edge model in Sri Lanka

OPPO, the leading global mobile brand, is set to launch one of its latest mobiles in Sri Lanka. Outfitted with Android nougut 7.1. and latest selfie technology the new model will sport a spectacular design 

Moody’s gives thumbs up for SL’s new tax law

Moody’s Investors Services (Moody’s) yesterday expressed its satisfaction over the new Inland Revenue Act passed in parliament last week as it will boost Sri Lanka’s revenue front and support the country’s credit profile by ensuring long-term fiscal stability.

Local construction industry in collective effort to grab tenders from foreign giants

The local construction industry stakeholders are hoping to collaborate with each other and receive state support to compete with the influx of foreign construction giants, as more Western Province Megapolis projects are tendered by  the government.

Sri Lanka tax holidays already given under BOI to stay

ECONOMYNEXT: Sri Lanka will not abolish tax holidays already given by the Board of Investment (BOI), after a new income tax law comes into effect, Deputy Treasury Secretary S.R. Attygalle said.

Reinsurance keeping Lankan insurers afloat amid floods, says Fitch

Sri Lanka’s general insurance companies are likely to be able to cope with the increased number of claims resulting from flood damages due to adequate reinsuring, credit ratings agency Fitch Ratings said yesterday.

Shares close little changed in dull trade; tax bill weighs on market

RETUERS: Sri Lankan shares closed little changed in low turnover yesterday as investors waited for clarity on the new tax bill.

National Chamber hosts Paskaralingam to sort out business issues

A  section of the business community closely interacting with R.Paskaralingam,  Advisor to the Ministry of National  Policies and Economic Affairs at the  forum ‘Sort out your Business Issues’ held recently at the chamber.

Sri Lanka – France Business Council holds 13th Annual General Meeting

The 13th Annual General Meeting of the Sri Lanka – France Business Council (SLFBC) of The Ceylon Chamber of Commerce was held recently.

Women’s Chamber Chairperson hails new Local Government quota for women

Women’s Chamber of Industries and Commerce (WCIC) and SAARC Chamber Women Entrepreneur Council (SCWEC) Chairperson, Rifa Mustapha congratulated the government on its progressive legislation to bring a minimum quota of women to fill the seats of Local Government Councils in future. 

‘Sri Lanka Retail Forum 2017’ to be inaugurated this evening

‘Sri Lanka Retail Forum 2017,’ organized by the Sri Lanka Retailers Association, an affiliated trade body of the Ceylon Chamber of Commerce will be inaugurated this evening (12th September) at the Cinnamon Grand, Colombo. Dr. Supachai Panitchpakdi, Chairperson, Central Pattanan, Thailand, who is also the former Deputy Prime Minister of Thailand and Former Secretary General of the UN Conference on Trade and Development will deliver the

EDB renews partnership with PUM Netherlands to assist export-oriented SMEs

The EDB entered into a Letter of Understanding (LoU) with the PUM Netherlands senior experts with a view to supporting particularly export-oriented Small and Medium Enterprises (SMEs) by obtaining services of PUM experts from mainly Europe in the areas of technology transfer, process improvement, product development, capacity building and training needs.