EDB calls applications for PEA ‘Leadership Excellence in Export Drive’ Award

The Sri Lanka Export Development Board (EDB) invites applications from holding companies/conglomerates registered in Sri Lanka for awarding a Special (Overall) Award on ‘Leadership Excellence in the Export Drive’ in recognition of their contribution to the export development drive of the country during the year 2016.

Atlas Axillia ties-up with China’s top office stationery brand ‘Deli’

Atlas Axillia recently announced a strategic partnership with Deli, China’s no 1 brand in office stationery to offer consumers a wider range of high quality school and office stationery supplies. 

NHRDC-CA Sri Lanka hold workshop on role of public sector audit committees

The National Human Resources Development Council of Sri Lanka (NHRDC) and Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) kicked off a fresh initiative last week in an effort to enhance good governance and best practices of the audit committees of public enterprises and departments by jointly organising a workshop. 

Sri Lanka Economic Summit to discuss executing reforms, building better institutions

Sri Lanka’s urgent need to execute critical reforms and build sound institutions to propel the nation’s economic growth will come under discussion at the upcoming Sri Lanka Economic Summit 2017. 

NSBM-NDB Securities sign up for Industry Partnership Programme

NSBM Green University Town (NSBM) announced its formal memorandum of understanding (MoU) sign up with NDB Securities (NDB) for its Industry Partnership Programme. 

JAT Technologies supports ‘Aadaraniiya Prince" concert on 14 July to raise funds for late singer’s

As part of its commitment to support local musicians and the Sri Lankan music industry, JAT Technologies, the leading audio visual and ELV – need full words for ELV) has come forward with 

Odel to invest US $ 106mn in mixed development project

Sri Lanka’s leading lifestyle retailer Odel PLC yesterday revealed plans to invest US $ 105.7 million in a mixed development project at Ward Place, Colombo 7.

Lanka Century Investments offers deal to minority shareholders of footwear subsidiary

Lanka Century Investments PLC (LIC) will be offering minority shareholders of its subsidiary Ceylon Leather Products PLC (CLP) a share swap arrangement as a part of LIC’s efforts to streamline the operational and ownership structures of its leather and footwear 

Siyapatha Finance establishes 25th branch in Galle

Siyapatha Finance, a leading financial company and the largest fully owned subsidiary of Sampath Bank Group, ceremonially opened their 25th branch in Galle at No. 27, Old Matara Road

Watawala’s move to spin off tea business will augment value: stockbroker

Watawala Plantations PLC’s (WATA) decision to segregate its tea business will increase the company’s value significantly due to predictable and higher profits and growth prospects, a stockbroker said.

Overwhelming number of entries for Mom, Me and My Milo campaign

Building on the tremendous success of the Mom, Me and My Milo campaign in the last two years, Milo is once again bringing together the most important stakeholders at the heart of its brand - moms

Dialog launches ‘Car Connect’ OBD device and smartphone app

Dialog Axiata PLC recently announced the launch of Car Connect, an advanced vehicle on-board diagnostics (OBD) device and smartphone app providing vehicle performance and driving diagnostics.

China Guangxi Products Exhibition Sri Lanka 2017 to kick off on July 14

For facilitating ‘the Belt and Road’ cooperation, advancing economic and trade cooperation with countries along ‘the Belt and Road’, intensively displaying competitive industries and featured commodities in Guangxi, as well as promoting economic and trade cooperation between Guangxi and Sri Lanka, the Commerce Department of the Guangxi Zhuang Autonomous Region will hold the 2017 China Guangxi Products Exhibition (Sri Lanka

EFC DG appointed to ILO Governing Body Standards Review Mechanism

Employers’ Federation of Ceylon (EFC) Director-General/CEO Kanishka Weerasinghe was recently appointed to the Standards Review Mechanism (SRM) Tripartite Working Group (TWG) that functions under the aegis of the Governing Body of the International Labour Organisation (ILO). 

RIL Property gears up for expansion

RIL Property PLC, a developer, manager and owner of Grade A office spaces in Colombo, successfully concluded its first annual general meeting (AGM) as a public limited company recently. The company, which went for an initial public offering (IPO) in May, was oversubscribed within hours of opening its issue. 

Netherlands Alumni Association of Lanka holds 46th AGM

The Netherlands Alumni Association of Lanka (NAAL) held its 45th annual general meeting (AGM) on June 18, 2017, at Winsgreat Holiday Resort, Polgasowita.

NDB securities expects FMCG sector to continue to grow albeit at a slower pace

NDB Securities Ltd (NDBS), a top brokerage firm in Sri Lanka, released update on the fast-moving consumer goods (FMCG) sector recently. 

Mobitel introduces Internet at your Doorstep with “Internet Expert”

The National Mobile Service Provider, Mobitel has launched its unique “Internet Expert” service which includes doorstep delivery of Mobitel 4G Wi-Fi Routers and Post-Paid Internet Packages. 

Coca-Cola Refreshes Commando Challenge 2017

Coca-Cola remains the first choice for Sri Lankan youth with its partnership at the Commando Challenge 2017. Organized by the Commando Army, Sri Lanka Auto-sports Drivers’ Association 

Mövenpick Hotel Colombo welcomes the Sri Lankan Cricket Team

The Sri Lankan Cricket Team arrived on Monday at the Mövenpick Hotel Colombo – the host hotel for the Zimbabwe tour of Sri Lanka for both teams. 

Serendib Flour Mills takes yet another step towards nurturing the environment

Serendib Flour Mills (SFML) recently delivered its first state-of-the-art tanker silo to Diana Biscuits and is set to offer this efficient and environmentally-friendly storage option to other customers as well. 

Hilton Colombo wins “Sri Lanka’s Leading Business Hotel” at The World Travel Awards

Hilton Colombo won “Sri Lanka’s Leading Business Hotel award the most prestigious award in the Travel & Tourism industry at the World Travel Awards. Described as the “Oscars” of the Travel & Tourism

Nolimit again among top 25 best companies to work for

The leading fashion retail chain in Sri Lanka, Nolimit was listed in the top 25 best companies to work for in Sri Lanka for the second consecutive year, by the Great Place to Work Institute at the recently held gala awards ceremony.

Losses of four key SOEs closely follow profits of state-owned financial institutions

Four key state-owned enterprises (SoEs) made Rs.30.53 billion in operational losses, almost as much as the operational profits of the entire state-controlled financial system during the first four months of 2017. 

Shares reach 18-month closing high in thin trade

REUTERS: Sri Lankan stocks rose yesterday to reach an 18-month closing high led by telecom and diversified shares, but volume was thin as foreign trading low.

Central Bank believes lending rates should come down despite rate cap removals

The Central Bank said the bank interest rates should trend downwards in line with the easing government securities yields as less pressure is expected from government financing towards the second half of the year.

Mattala airport handles record number of passengers due to BIA closure

Due to the repairs at Bandaranaike International Airport (BIA) earlier this year, Mattala Rajapaksa International Airport (MRIA) had handled a record 48,810 passengers during the first four months of 2017, which was 35 times of the 1,395 passengers it had handled during the corresponding period in 2016, the government data showed.  

Rupee slips on importer dollar demand

REUTERS: The Sri Lankan rupee edged lower yesterday as importers demanded dollars amid mild selling of the US currency by banks and exporters, dealers said.

Panel discussion on GSP Plus to tackle real impact

A panel discussion open for the public featuring Minister Dr. Harsha De Silva, Economist Deshal De Mel, and industry representatives of the apparel and seafood exporters’ associations will be held on Wednesday, July 12, at 5:30 p.m., under the theme of ‘GSP Plus, How Real is It?’ 

WiLAT Sri Lanka partners with Maersk Lanka ‘B2W’ project

Maersk Line has initiated ‘Back2Work (B2W)’, a career transition programme for the women who have taken a career break of more than six months and wish to re-enter the professional work space.