Shares post near 6-week closing low

Sri Lankan shares fell for the sixth straight session yesterday to post a near six-week closing low, but brokers said the slide is slowing down.

ClickNshop.lk goes omnichannel with new customer experience centre

Lfinity Pvt Limited, a subsidiary of Laugfs Holdings, recently unveiled their E-commerce experience centre at Colombo 6. 

UTE hosts customer event to discuss challenges and strategies of energy sector

United Tractor & Equipment (Pvt) Ltd (UTE), renowned as a company in the forefront of power generation solutions hosted customers recently, to discuss key trends and new products shaping the local solar industry.

Rupee edges up on exporter dollar sales

The Sri Lankan rupee ended firmer yesterday as dollar selling by exporters and banks outpaced demand for the US currency from importers, but dollar purchases by state-owned banks weighed on the currency, dealers said. 

Government agencies review Port City progress

Twenty six agencies connected to the Port City project met for the 4th review meeting and site visit last week. 

Milo clinches ‘Global Master Brand’ title at first Master Brand Awards

It has been a year of accolades for Milo as it becomes the recipient of yet another new title: Sri Lanka’s ‘Global Master Brand’. 

Sri Lanka Economic Summit 2017 kicks off today

Sri Lanka Economic Summit 2017 will be inaugurated this morning with the participation of Principal Economic Adviser to Government of India Sanjeev Sanyal, Central Bank Governor Dr. Indrajit Coomaraswamy, Finance State Minister Eran Wickramaratne, Economic Planning Deputy Minister Dr. Harsha de Silva and Ceylon Chamber of Commerce Chairman Rajendra Theagarajah.  

Ceylon Institute of Builders honours Lanwa with Green Building Certification

Lanwa which have secured the green mark certification from the CIOB is the largest steel manufacture in Sri Lanka for years time and it has earned the largest market share in the local steel market. Lanwa  also boost the concept of ‘Towards a green Sri Lanka’ for the forthcoming Construction. By awarding,  the initiative taken and the keen interest shown by the Lanwa regarding the green concept were deeply appreciated. 

Lubricant market leader doubts PUCSL industry growth numbers

Sri Lanka’s lubricant industry market leader, Chevron Lubricants Lanka PLC, yesterday contradicted the market regulator, the Public Utilities Commission of Sri Lanka (PUCSL), on the growth of the lubricant market during last year.

Fitch forecasts tough times ahead for finance companies

Sri Lanka’s overcrowded finance company sector may have to brace for tough times ahead as the sector capitalization levels are expected to come under pressure amid the operating conditions set to turn hostile, Fitch Ratings yesterday said.   

Customs to incorporate more technology into operations this year

In its endeavour to becoming a paperless institution, Customs Director General Chulananda Perera said Sri Lanka Customs would be looking to have more technological advancements during this year. “In terms of technology development, the concept of container tracing system is already done. 

International Trade Ministry holds workshop on ‘Innovation & Entrepreneurship Strategies’

Ministry of Development Strategies and International Trade jointly arranged with World Bank Group a workshop titled ‘ Sri Lanka Innovation & Entrepreneurship Strategies’, last week.  

Chevron 2Q hit by bad weather, rising raw material prices

Chevron’s second quarter for 2017 was affected by weather anomalies, rising raw material prices and advanced buying in expectation of a price increase, Gomes said.

Deepal Sooriyaarachi Introduces Success SikshaTo Mid-Sized Business Leaders

The 13th of August 2017 will see famed management development consultant, Mr. Deepal Sooriyaarachchi introduce his latest program called Success Siksha. The program, which has been 

Milo clinches ‘Global Master Brand’ title at Sri Lanka’s first Master Brand Awards

It has been a year of accolades for Milo as it becomes the recipient of yet another new title: Sri Lanka’s ‘Global Master Brand’. Milo was awarded this title at the recently held inaugural Master Brand 

Rumpunch Summer Pop-Up At Jaguar Land Rover

RUMPUNCH a bold, exotic brand of resort wear, now retails their hottest swim & beachwear from their SUMMER FESTIVE Collection at the Jaguar Land Rover (JLR) Showroom

Commercial Bank and Sampath Bank Pioneer Live Implementation of Real-Time Online Customs Payments

Commercial Bank of Ceylon PLC and Sampath Bank PLC together announced the introduction of real-time, online payments to Sri Lanka Customs through their respective online banking platforms. 

Virtusa Chairman and CEO, Kris Canekeratne, Honored with Lifetime Award

Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, announcedthat the company’s chairman and chief

ITC and NIOE collaborate to provide e-learning course to SMEs

The National Institute of Exports (NIOE), a subsidiary of the National Chamber of Exporters of Sri Lanka (NCE), conducts professional courses in the vital field of exports for the benefit of those employed in export enterprises. 

OSMO Fitness expands with the introduction of CrossFit Colombo

The Blue Mountain Group recently introduced CrossFit Colombo, along with a luxury leisure pool complex, as the two latest value additions to the group’s state-of-the-art sports and wellness complex, 

Startup X Foundry steals the show at Disrupt Asia 2017

Showcasing three outstanding new startups in acceleration as its launch ventures, StartupX Foundry stole the show at Disrupt Asia 2017, held at Hilton Colombo on the 12th of July. The newly established 

Assets return to unit trusts but uncertainty looms with new revenue law

Sri Lanka’s unit trust fund industry, once on the brink of collapse due to the possibility of higher taxes being slapped, has made a sharp pick up in assets under management (AUM), much to the joy of the fund managers, recent data showed.  

Implementation of WTO TFA key for import-export trade, FDI: chamber

As efficiency in border procedures is a critical factor that determines international competitiveness, implementing most of the provisions in the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) for Sri Lanka is very critical, the Import Section of the Ceylon Chamber of Commerce said recently.  

East West Properties opens SL’s first Marriot hotel in Weligama

East West Properties PLC, one of the oldest real estate developers in the country, last week commenced commercial operations of its hotel constructed in Weligama Bay, a stock exchange disclosure by the company said. 

National inflation up 6.3% in June on higher food prices

Sri Lanka’s national inflation, a broader measurement of changes in consumer prices covering all the provinces, increased by 6.3 percent during the year to June 2017 as increased food prices outpaced the increase in non-food prices.

Dialog accuses SLT of industrial espionage

The Commercial High Court on July 19th Wednesday ordered Sri Lanka Telecom PLC (SLT) to disclose the source / person from whom SLT had acquired confidential information of Dialog Broadband Networks (Private) Ltd (Dialog Broadband).

Sri Lanka Economic Summit to discuss solutions to national challenges

Sri Lankan government ministers, opposition parliamentarians and government advisors will take center stage at the eighth and the last session of the Sri Lanka Economic Summit 2017 to discuss current national challenges faced by the country and possible solutions for those issues.

EDB promotes Sri Lankan education services in Nepal

The Export Development Board (EDB) is facilitating the Sri Lankan educational services exports sector, participating in the 11th ECAN Education Fair held in Nepal from 20th  – 23th of July, providing information, co-ordination and financial assistance under the EDB Market Development Assistance Programme. 

CA Sri Lanka and IRCSL launch guide to Integrated Corporate Reporting

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) in collaboration with the Integrated Reporting Council of Sri Lanka (IRCSL) recently launched ‘A Supplement to A Preparer’s Guide to Integrated Corporate Reporting’ in the presence of Richard Howitt, Chief Executive Officer of the International Integrated Reporting Council (IIRC).

SLIM Speech Idol Season-3 finale on July 27

Organised by the Sri Lanka Institute of Marketing (SLIM) together with SLIM Toastmasters Club, SLIM Speech Idol, the national speech contest, will hold its Season 3 finale on July 27th at the Sri Lanka Foundation Institute in Colombo.