Rupee ends steady; gradual depreciation seen

REUTERS: The Sri Lankan rupee gave up early gains but ended steady yesterday as late importer dollar demand offset selling of the greenback by exporters.

Eagle Logistics facilitates air cargo training programme for customers

Supply chain logistics company Eagle Logistics organised a day training programme with Sri Lankan Airlines for its customers last week.  

Laugfs Gas set to strengthen presence in Bangladesh

Laugfs Gas Bangladesh, part of the diversified Sri Lankan multinational Laugfs Holdings, announced plans to strengthen its presence in Bangladesh with renewed commitment and further investments.  These views were expressed at a Corporate Dinner Reception hosted by the company at Pan Pacific Sonargaon Hotel in Dhaka, which was graced by President Maithripala Sirisena.

Blue Star signs up with Comfort Solutions for Unitary products distribution

Blue Star Limited, India’s leading air conditioning and refrigeration company has announced its partnership with Comfort Solutions as the official distributor in Sri Lanka for its Unitary products range comprising room air conditioners, cassette air conditioners, floor standing air conditioners, water coolers, deep freezers, bottled water dispensers and ice cube machines. 

Fairway National Literary Awards 2017 –Final Date For Submitting Entries Just Around The Corner!

The 25th of July 2017 will be the final date for the submission ofentriesfor the Fairway National Literary Awards (FNLA) 2017. Running for the third consecutive year, this competition seeks

Application Support: Embracing Taboo By Misnad Haque

Utter the words, “Application Support” and you will be met with a variety of reactions. To some, it merely translates into extended work hours. Another popular reaction is that of condescension,

New Jaguar E-Pace Rolls Into The Record Books

The new Jaguar E-PACE has set an official GUINNESS WORLD RECORDS™ title during its world premiere. The compact performance SUV leapt into the record books with a 15.3 metre-long jump 

Oman Air wins ‘Best Airline Staff Service in the Middle East’ at Skytrax World Airline Awards

Oman Air has been named as the winner of the ’Best Airline Staff Service in the Middle East’ award at the prestigious Skytrax World Airline Awards 2017 - voted for by air travellers based on their own 

Signature brings affordable luxury to grooms this wedding season

Leading retail brand Signature, recently introduced an array of special packages to help grooms look their very best this wedding season,. Now young grooms, groomsmen and wedding guests alike can 

SLFPA 4th Annual Six-A-Side Softball Cricket Tournament on 29th July

The Sri Lanka Food Processors Association (SLFPA) recently announced the approach of the 4th annual Six-A-Side Softball Cricket Tournament. The tournament will be held on Saturday, the 29t

SL’s economy to face real test from 2019 onwards: Moody’s

The settlement of the foreign currency debt issued by the Sri Lankan government during the last decade would become the real test for the country’s liquidity position and external vulnerability, Moody’s Investors Service recently said.

Govt. to unveil new 3-year economic policy in early September

A new 3-year economic policy will be unveiled in early September, that will carry a host of proposals for improving the ease of doing business in Sri Lanka, according to the National Policies and Economic Affairs Deputy Minister.

Rubber traders want smallholders retained to ensure supply

The Colombo Rubber Traders’ Association (CRTA) recently stressed the industry, together with the government should urgently come up with a mechanism to retain the smallholders during times of rubber price decline in order to ensure adequate supply to rubber products manufacturers. 

Worker remittances down on 3 consecutive months

Sri Lanka’s worker remittances fell for the third consecutive month in May, while the remittance inflows in the first five months of the year narrowed quite substantially even before the Gulf crisis surrounding Qatar and its Arab neighbours took hold. 

Hayleys Advantis Strengthens End-To-End Logistics Solutions in the Maldives with New Acquisition

Hayleys Advantis has further solidified its position in the Maldives with the addition of two new landing craft that will further expand the range of services offered by their subsidiary, Total Transport Solutions 

CA Sri Lanka-IRCSL publish new IR supplementary guide

Integrated Reporting (IR) recognizes that a business has a wider stakeholder community that can influence its performance than just the providers of finance. IR also recognizes that a business deploys many capitals financial and non-financial. IR has demonstrated that a company’s value is enhanced when these aspects are recognized and reported.

SL Economic Summit to focus on opportunities for businesses from mega projects

Sri Lanka’s proposed mega development projects such as the Western Region Megapolis, Hambantota Logistics and Industrial Zone and also the ongoing Colombo Port City will come under focus at the upcoming Sri Lanka Economic Summit 2017.

CMA Sri Lanka Management Accounting Conference to discuss cybersecurity

CMA Sri Lanka has organised a focused session on cybersecurity, risk management, governance and compliance at this year’s conference themed ‘Digital Transformation – A Strategic Imperative’.

Asian markets head into weekend on positive note

AFP: Asian traders headed into the weekend cautiously upbeat yesterday following a broadly positive week across global equity markets after Federal Reserve chief Janet Yellen indicated a softer approach to raising US interest rates.

Qatar Airways boss says ‘bullying’ Gulf states will hit profits

AFP:  Qatar Airways’ outspoken boss Akbar Al-Baker accused neighbouring Gulf states Thursday of ‘bullying’ his country during the region’s political crisis and said his company’s profits would be hit by the dispute.

Rupee down on importer dollar demand; stocks hit over 18-month high

REUTERS: The Sri Lankan rupee fell yesterday due to thin importer demand for the greenback, while dealers said dollar buying by the Central Bank prevented appreciation of the local currency.  The spot rupee was trading at 153.70/75 per dollar 0618 GMT, slightly weaker from Thursday’s close of 153.65/70. 

Sri Lanka secures rice stocks from Pakistan and Myanmar

The four-man Lankan team of officials that flew to Pakistan and Myanmar to select rice tranche, returned to Colombo yesterday.

Windows Phone 8 fades out as Microsoft mulls mobile strategy

AFP: Microsoft has ended support for its Windows 8 smartphones, as the US tech giant focuses on other segments, amid ongoing speculation about its strategy for mobile.

Central Bank clarifies

This refers to the front-page article published in ‘Mirror Business’ yesterday titled: “Sri Lanka’s approach to trade pacts too slow, ineffective: Governor”.

Ravindhiran appointed Homac’s Marketing Consultant

Maruthai Ravindhiran has been appointed as the Marketing Consultant to Homac Lanka (Pvt.) Ltd, with effect from 1 July 2017.

Israeli holidaymakers applaud Sri Lankan culinary delights

Being located approximately 5,400 kilometres away from Sri Lanka, Israel has shown an increasing attention on Sri Lanka over the recent years as a unique tropical destination in the Indian Ocean with great surfing locations similar to Miami beach (USA) and Jaws, Maui-Hawaii.

Unabated climate change would reverse hard-earned development gains in Asia —ADB report

Unabated climate change would bring devastating consequences to countries in Asia and the Pacific, which could severely affect their future growth, reverse current development gains, and degrade quality of life, according to a report produced by the Asian Development Bank (ADB) and the Potsdam Institute for Climate Impact Research (PIK).  

Get Ready for ‘Zahira Walk 2017’

Zahira College Colombo, the premier Muslim educational institution in Sri Lanka with a current student population of over 5000, is gearing itself to launch a colourful and fun-filled walk on Saturday

Kandy Receives A Boost In Quality Medical Laboratory Service

With astounding success and highest quality of their medical laboratory services in Colombo and suburbs, Lanka Hospitals Diagnostics (LHD)recently launched their newest lab testing

EFL aiming to become first global logistics brand of sub-continent

Expolanka Holdings PLC is aiming to boost its Expo Freight (EFL) operations to become the first global logistics brand originating from the Indian subcontinent, and over the past year bought out the minority stakes in its subsidiaries in the US and China to achieve this goal.