Rupee ends lower on importer dollar demand

REUTERS: The Sri Lankan rupee ended marginally weaker in thin trade yesterday as importer dollar demand outpaced selling of the US currency by exporters and banks,  dealers said.

Shares recover from 4-1/2-month low on foreign buying

REUTERS: Sri Lankan shares yesterday edged up from their lowest close in more than four months hit in the previous session, as foreign investors bought battered shares.

Stax presents investment possibilities in Sri Lanka to Singapore Water Association

Stax Inc., a global strategy consulting firm, has been working in collaboration with International Enterprise Singapore (IE) for over two years to inform Singaporean companies and investors on investment opportunities in Sri Lanka. 

ABAF 2017 to feature top speakers from 10 countries

Next month’s Asian Business Angel Forum (ABAF) 2017 will feature prominent international speakers from Silicon Valley (USA), Australia, the UK, Hong Kong, China, Korea, Israel, India, Malaysia, Singapore, Pakistan and Bangladesh. 

COYLE Sampath Bank Chairman’s Forum to focus on futuristic entrepreneurs

For the fourth consecutive year, the Chamber of Young Lankan Entrepreneurs (COYLE) will be hosting the much-awaited Chairman’s Forum on September 26.

Ex-Thai Deputy PM to deliver keynote at Sri Lanka Retail Forum

Thailand Central Pattana Honorary Chairperson and former Deputy Prime Minister Dr. Supachai Panichpakdi will deliver the keynote address at the Sri Lanka Retail Forum to be held on September 13, 2017, in Colombo.

Amãna Takaful Life ‘Annual Awards’ celebrates its achievers for 2016

Amãna Takaful Life which has continually grown and expanded to make a significant mark in the insurance industry in Sri Lankahosted their awards ceremony for the year 2017 on a high note,

CBL’s Convenience Foods achieves OHSAS 18001 certification

Convenience Foods (Lanka) PLC, a subsidiary of Ceylon Biscuits Limited (CBL), the pioneer in manufacturing and marketing Lankasoy, the market leader for soya-based products in Sri Lanka, was awarded the OHSAS 18001 certification for Occupational Health and Safety Management System, by Sri Lanka Standards Institution (SLSI) recently.

LIC of India Chairman visits Colombo

LIC of India Chairman and LIC (Lanka) Ltd Chairman V.K. Sharma accompanied by LIC of India MD and LIC (Lanka) Ltd Director Hemant Bhargava are in Colombo to attend the 50th Board Meeting of LIC (Lanka) Ltd, a milestone event in the progress of the company.

Delegates from Assam join hands with Sadaharitha to benefit from agarwood

A distinguish delegation from All Sanchi (Agar) Growers’ Association of Assam (ASGAA) have  visited Sri Lanka recently, to strengthen the bilateral partnership with Sadaharitha Plantations in a joint expedition to share best practices in growing and marketing this unique species of trees and its value-added products.   

3W Group celebrates 20 years of driving change

The 3W group (Third Wave Group), is celebrating 20 years driving innovation and change in the corporate and retail sectors in Sri Lanka and the region.

CBL’s Convenience Foods (Lanka) PLC achieves OHSAS 18001 certification

Convenience Foods (Lanka) PLC, a subsidiary of Ceylon Biscuits Limited (CBL), the pioneer in manufacturing and marketing Lankasoy, the market leader for soya based products in Sri Lanka,

SAW Engineering emerges victorious at CNCI Achiever Awards

With over a decade of proven, evolving experiences and innovation both locally and internationally in the engineering sector, having won many prestigious accolades and titles, SAW Engineering yet again clinched the National Gold Award in the Extra-Large Category - Service Sector and the Top Ten Achievers National Award (Special Awards Category) at Achievers Awards 2017.

Janashakthi Insurance Partners CIMA Business Leaders Summit 2017

Leading insurance provider Janashakthi Insurance PLC announced its partnership with the Chartered Institute of Management Accountants (CIMA) Sri Lanka on the CIMA Business Leaders Summit

FTA talks steaming ahead: Malik

Sri Lanka has completed five rounds of negotiations with both India and Singapore on the respective trade pacts, as part of the country’s efforts to become a hub in the Indian Ocean, Development Strategies and International Trade Minister Malik Samarawickrama said.

Ceylon Biscuit sheds direct holding in Lanka Soy in group restructuring exercise

In what appears to be part of a group restructuring exercise, Ceylon Biscuits Limited, widely known as CBL, sold its direct holding in Convenience Foods Lanka PLC, one of its subsidiaries, and listed it under the CBL group’s investment holding company. 

Colombo Fort Land plans aggressive cost cuts to make profits

The Colombo Fort Land & Building Company PLC (CFLB), which controls a diversified range of business interests, said that it would be cutting costs and in extreme cases divesting subsidiaries, in order to overcome the deteriorating climatic conditions and increased tax burdens.

Shares hit 4-1/2-month closing low

REUTERS: Sri Lankan shares closed at their lowest in more than four months yesterday, with foreign investors selling risky assets in lacklustre trade, while the daily turnover got a boost from block trades. The Colombo stock index resumed trade after a holiday, ended down 0.38 percent at 6,361.03, its lowest close since April 17.

Lankan brush maker in own-brand push to Southeast Asia

At a time when even the century-old indigenous industries are failing to build the local brands competing with global giants, a Sri Lankan brushwear maker is slowly making inroads into the global market with its own branded products.    

Sierra Cables in Rs.120mn storage expansion drive

Sierra Cables PLC, which is currently in an expansion mode, will be investing Rs.120 million on new storage facilities to meet the expected local and export demand, according to the firm’s latest annual report.

Sri Lankan insurance fraternity celebrates National Insurance Day

The 1st of September saw the entire insurance industry of Sri Lanka celebrate a day dedicated solely to their profession. 

Office 2017 exhibition to begin on September 29

An exclusive exhibition on complete workplace solutions, ‘Office 2017’ has been scheduled to commence on the 29th, 30th September to 1stOctober at the Sirimavo Bandaranaike Memorial Exhibition Centre in Colombo.

Pathfinder-SIIS roundtable discussion explores new areas of cooperation

While discussing ways and means of achieving sustainable development invigorated by the Belt and Road Initiative (BRI) of China participated by 65 countries, the Pathfinder Foundation (PF) and Shanghai Institutes for International Studies (SIIS) during a roundtable discussion focused on exploring new areas of cooperation with China and managing international and regional forces to promote the country’s economic interests. 

Sustainability key driver of corporate success : Eardley Perera

Sustainability is a key driver of corporate success and no longer a buzz word, says Eardley Perera, Chairman of the Panel of Evaluators of the Best Corporate Citizen Sustainability Award 2017. “Sustainability is no longer a buzz word. Today, it is a key driver for corporate success, corporate and product brand equity. 

National Insurance Day 2017 - A Historic Moment Never to Be Forgotten

The 1st of September 2017 saw the entire Insurance industry of Sri Lanka celebrate a day dedicated solely to their profession. The launch of Sri Lanka’s first National Insurance Day took place at the 

Mastercard Makes Luxury Travel Experiences Simpler with LoungeKey Airport Access Program

Mastercard announced the extension of the globally acclaimed LoungeKey airport access program to all World and PlatinumMastercard cardholders in Sri Lanka.

3W Group celebrates 20 years of driving change

The 3W Group (Third Wave Group), is celebrating 20 years driving innovation and change in the corporate and retail sectors in Sri Lanka and the region.

Tea veteran wants plantation industry out of State control

Dilma founder Merrill J Fernando has asked the government to avoid meddling with plantations and allow an independent authority led by ex-planters to run the industry, as the ‘golden shareholder model’ introduced three decades ago has failed to find answers to the key issues plaguing Sri Lanka’s plantation industry. 

Indra Traders MD appointed to Sampath Bank board

Indra Traders (Pvt) Ltd Managing Director Rushanka Silva was appointed as a Director of Sampath Bank PLC last week, replacing Ranjith Samaranayake, who retired after reaching his 70th birthday.

Fitch doubts earnings alone will put PABC on top of minimum capital

Pan Asia Banking Corporation PLC (PABC) now operates with a single mission of meeting its minimum regulatory capital base of Rs.10 billion by January 1, 2018 to make good on the promise it made to the regulator a couple of years ago since it pledged its commitment to a capital augmentation plan comprising of both fresh equity and retained earnings.