WiLAT organizes field visit to Finlay Cold Storage

Women in Logistics and Transport (WiLAT), the Women’s Forum of The Chartered Institute of Logistics and Transport (CILT) Sri Lanka organized a field visit to the Finlay Cold Storage (Pvt) Ltd at Welisara recently. Members of WiLAT, undergraduates and WiLAT friends joined this educational visit.

Indian entrepreneur Suboroto Bagchi to speak on ‘The Burden of Dreams’

Suboroto Bagchi, India’s best selling business author and acclaimed entrepreneur who co-founded Mindtree, a US$ 500 million global IT service company with over 15,000 employees, will be the keynote speaker at the India Day celebrations to be hosted by the Sri Lanka India Society on August 19th.

Greentel Mobile introduces first flagship smart mobile X7

Greentel Mobile introduces their Greentel X7 smart mobile phone which is undoubtedly a highlighted product that touches trendy choices of mobile fans. 

Evoke celebrates nine years of entertainment solutions in mobile industry

Evoke International is a 360-degree mobile service solutions provider, offering telecom operators a business enhancing ‘Value Added Service’ (VAS) that keeps them top of mind and current. 

Bairaha Farms appoints two new directors to board

Bairaha Farms PLC strengthened its director board recently with the appointment of two new directors.  They are M. I. Wahid, the current Group General Manager of Bairaha Farms PLC and Prof. Harischandra Abeygunawardena. 

Fortinet named leader in 2017 Gartner Magic Quadrant

Fortinet, the global leader in high-performance cyber-security solutions,announced it has been recognized as a leader in the 2017 Gartner Magic Quadrant for Enterprise Network Firewalls. 

Fitis and Slasscom sign MoU on collaborative efforts to use ICT

The MoU is signed between Fitis and Slasscom to achieve collaborative efforts in developing the Information and communication (ICT), knowledge services and innovation sectors of Sri Lanka on recently. 

Damro opens largest showroom in Sri Lanka

Damro Group, South Asia’s leading furniture retailer opened its largest showroom in Sri Lanka in Katubedda recently as it is on a major expansion drive throughout the country. 

Employees may demand higher wages if prices in economy continue to go up: CB

The employees in Sri Lankan firms may start to demand higher wages, after observing the higher price levels of goods and services stemming from weather-related supply-side disruptions, the Central Bank cautioned.

Sampath Bank June profit soars 39% over exchange gains, dividend incomes

Sampath Bank PLC reported earnings of Rs.18.72 a share or Rs.3.49 billion profit for the quarter ended June 30, 2017 (2Q17), an increase of 39.1 percent from a year ago, mainly due to a jump in exchange and dividend incomes.

July tourist arrivals down 1.8%

Tourist arrivals to Sri Lanka this July fell 1.8 percent to 205,482 tourists compared to July 2016, as the Chinese tourist boom, which pushed up the market growth during the last off-season, petered out, bringing to question whether even the revised 2.2 million tourist arrival projection for this year will  be met.

Expolanka June profit down over yield pressure on key logistics business

Logistics and warehouse supplier, Expolanka Holdings PLC, saw its profits for the June quarter being adversely affected by the pressure on yields in certain key trade lanes and the losses made by the group’s other investments. 

CB says financial sector regulators warming up for close cooperation

The financial sector regulatory bodies have started closer cooperation among themselves in recent months by establishing two regulatory processes to reduce the gaps in regulatory oversight, the Central Bank said recently.

Poultry operator seeks govt.’s nod to direct import maize

Ceylon Grain Elevators PLC, a poultry group that operates a feed mill, has appealed to the government to allow it to directly import maize as the local prices remain elevated and the import restrictions have begun to hurt operations. 

Advantis Bunkering Further Strengthens Commitment to Safety with OHSAS Certification

Advantis Bunkering was recently awarded the International Occupational Health and Safety Assessment Series certification or OHSAS 18001:2007 by Société Générale de Surveillance (SGS

Colombo International Shopping Festival to kick-start in October

The Sri Lanka Retailers’ Association (SLRA) under the patronage of the Ministry of Tourism Development and Christian Religious Affairs and in collaboration with the Sri Lanka Tourism Promotion Bureau (SLTPB) is organizing the ‘Colombo International Shopping Festival’ (CISF) during the entire month of October.

Port City and MTI tie-up to groom Lankan entrepreneurs

CHEC Port City Colombo has signed up with MTI’s idea2fund, thus demonstrating their commitment to Sri Lanka by helping to identify and groom emerging Sri Lankan entrepreneurs.

Sunshine’s Govindasamy calls for ramping up skills of local workers

“Our labour force should step up and needs exposure to a higher level of skills if Sri Lanka is serious about seizing maximum advantage of the ‘One Belt-One Road’ (OBOR) initiative” expressed Sunshine Holding’s Group Managing Director, Vish Govindasamy, speaking at the ‘Belt and Road initiative – transformative opportunity for Sri Lanka’ panel at the recently concluded Ceylon Chamber of Commerce Sri

Plastindia Foundation invites Sri Lanka for next year’s exhibition

Plastindia Foundation of India invited Sri Lanka’s plastic industry players to take part in the largest plastic exhibition, to meet new plastic equipment suppliers and manufacturers.

EFC announces first ever ILO accredited Executive Diploma in Employment Relations

Collaborating with an employers’ organization for the first time, the International Training Centre of the International Labour Organization, (ITC - ILO) recently entered into an MoU with the Employers’ Federation of Ceylon (EFC) in launching an Executive Diploma in Employment Relations in October this year. 

Sri Lanka–Malaysia Business Council holds 23rd Annual General Meeting

The Sri Lanka – Malaysia Business Council was inaugurated on February 23, 1994 under the aegis of the Ceylon Chamber of Commerce at the request of the Ministry of Foreign Affairs and the Board of Investment of Sri Lanka. 

Struggling Singapore Airlines offers crew unpaid leave

AFP: Singapore Airlines said yesterday it is offering cabin crew unpaid leave in a cost-cutting measure as it struggles to keep up in an increasingly tough market. 

Toyota, Mazda announce tie-up over electric vehicles, US factory

AFP: Japanese auto giant Toyota and smaller rival Mazda said yesterday they agreed a capital tie-up to focus on joint development of electric vehicles, while building a US$1.6 billion factory in the United States which will create up to 4,000 jobs.

APU Malaysia signs MOA to use Forestpin Analytics

Rimbun Forensic Advisory Sdn Bhd, the partners representing Foresptin in Malaysia, signed the memorandum of agreement (MOA) with Asia Pacific University Malaysia (APU) to enhance the undergraduate and postgraduate learning experiences on Forensic Accounting software. 

Dreamron introduces SLES-free shampoo

People around the world prefer the use of shampoo over soap because of a number of reasons.  Most of them use it to because it clears away any foreign residue, some of them because it gives a good smell or some people use them as treatments for the scalp or hair. 

Rupee, stocks little changed; dull trade ahead of long weekend

REUTERS: The Sri Lankan rupee was little changed yesterday, as mild importer demand for the dollar offset light greenback sales by banks in dull trade ahead of the long weekend, dealers said. 

Wild Stone’s promotion to give away brand-new Royal Enfield Motorbike

Wild Stone, a renowned brand of men’s body deodorant, recently introduced to the Sri Lankan market by American Remedies, announced the launch of a special promotion for consumers at an event held in Colombo.

Nestlé Professional continues to support Lankan chefs and uplift culinary industry

Nestlé Professional, Nestlé’s out-of-home food and beverage solutions provider, joined hands with the Chefs Guild of Lanka to become the Diamond sponsor for Culinary Art Food Expo 2017. The partnership marks Nestlé Professional’s strong long-standing commitment to help develop the local culinary professionals.

Global refiners brace themselves as China cements oil market dominance

REUTERS: China is on pace to overtake the United States as the world’s biggest oil importer this year, cementing its status as Asia’s most pivotal oil market actor that will increasingly dominate the region’s fuel trade. 

ReeBonn Cosmetics unveils superior face wash range

ReeBonn Cosmetics (Pvt.) Ltd, one of the foremost herbal cosmetic companies operating in Sri Lanka, has introduced an assortment of brand-new face wash products with enhanced quality. All these products come in user-friendly containers.