StartupX Foundry: Powering Lankan startups into the global arena

It is essentially a tech startup catalyst, an initiative to hone technological ventures with potential and take them from inspiration to exit, powered by a dynamic ecosystem of both local and international talent

Ravago Lanka opens new Kelaniya branch office, warehouse

A global giant in the polymer industry, Ravago further expanded its already strong presence in Sri Lanka through its subsidiary Ravago Lanka with the introduction of a branch office and a warehouse in Kelaniya. 

Get in shape for your special day with Skechers GoRun 400

As your wedding looms closer and closer every day, it becomes easy to lose sight of your own personal needs amidst the hectic wedding preparations.

Nestlé continues to enhance livelihood of over 20,000 rural farmers

Milk farmers in the North-Central village of Seeppukulama will benefit from a milk chilling centre upgraded by Nestlé, offering them increased opportunities to sell their milk to the company. 

National Chamber hosts UAE envoy at ‘Meet the Ambassador’ programme

United Arab Emirates (UAE) Ambassador to Sri Lanka Abdul Hamid Al Mulla was the special guest speaker at the ‘Meet the Ambassador’ programme held at the National Chamber recently.

Siddhalepa Group receives Asia Responsible Entrepreneurship Award

Siddhalepa Group of Companies received yet another international award for its long commitment to Sustainability and Corporate Social Responsibility. 

Mesh Mart receives ISO 9001 certification

Fence wires and related products manufacturer, Mesh Mart (Pvt) Ltd has received ISO 9001 quality assurance. 

Hameedia reopens newly revamped Crescat showroom

Marking another milestone in its style studded history Hameedia has revamped its showroom at Crescat Boulevard to mirror its eminence as the ‘most preferred and trusted men’s wear specialist in Sri Lanka’. 

CMA to conduct seminar on 2016 Central Bank annual report

The Institute of Certified Management Accountants of Sri Lanka (CMA) will conduct a CPD seminar on ‘Highlights of the Central Bank of Sri Lanka Annual Report 2016’ on Wednesday, June 14, 2017, from 5:00 p.m.-7:30 p.m., at the CMA headquarters, 3rd Floor Auditorium, Visakha Private Road, Colombo 4.

Dharmatilake receives WPO Lifetime Achievement Award for packaging

The World Packaging Organisation (WPO) recently created its Lifetime Achievement in Packaging Award. 

Hotel Show Colombo 2017 gears up for 4mn 2020 tourist target

Hotel Show Colombo 2017 – in keeping with the government’s goal of competing and achieving success in inbound tourism by 2020, presents an opportune showcase for the industry specialists to converge, source, develop business and broaden contacts.

UAE seeking ‘change of policy, not regime’ in Qatar

AFP: Measures taken by the United Arab Emirates (UAE) and other nations against Qatar aim to pressure Doha into drastic policy changes, a senior UAE official told AFP yesterday.

Tea Board expects decline in tea output due to floods

The Sri Lanka Tea Board (SLTB) yesterday said it is expecting a decline in tea production in the coming months due to the recent floods that affected the tea growing districts of the country. 

Shares at 1-week closing low; foreign inflows cap losses

REUTERS: Sri Lankan shares ended down for a fourth consecutive session yesterday, and hit their lowest close in more than a week, due to profit-booking in large-cap shares such as Ceylon Tobacco Company PLC, but foreign inflows helped curb losses.

Tourist arrivals fall 2.5% in May

Tourist arrivals to Sri Lanka fell 2.5 percent year-on-year (YoY) to 121,981, with resumption of high growth of Chinese arrivals remaining the key positive highlight, putting immense pressure on the government, which hasn’t conducted a proper promotional campaign for years. 

Rupee edges up on late inward remittances

REUTERS: The Sri Lankan rupee recovered from early falls and closed slightly firmer yesterday as late inward remittances surpassed mild dollar demand from importers, dealers said.

Sri Lanka-Thailand reach consensus on FTA

Sri Lanka and Thailand have come to a consensus on a free trade agreement (FTA) to trade goods as the first step towards a comprehensive FTA that will follow in the future, Sri Lanka’s Industry and Commerce Ministry in a statement said. 

CAKE LABS evolves to Sysco Labs and broadens its scope

CAKE LABS, the premiere Sri Lankan restaurant technology company, which is owned by Sysco, announced the opening of a brand new office facility, along with an evolution of the company name to 

​Qatar Airways running as normal, exception of those four countries

Qatar Airways operations are running as normal with no disruptions to flights with the exception of those to the four countries Qatar Airways has been restricted to fly to.

Restyled Vitamin E Moisture Cream for 48-hour hydration: The Body Shop reveals limited time offer

The Body Shop’s best-selling Vitamin E Moisture Cream is now available in a limited edition jar designed by legendary fashion print designers Eley Kishimoto. 40 years since it was first introduced, 

March exports up but trade gap widens to record high

Sri Lanka, in March, managed to reverse the declining streak it saw in exports during the first two months of the year but failed to contain its overall trade deficit as the imports for the same month grew at the fastest pace in 24 months.

Sri Lanka borrows US $ 318mn from India to develop train services

Sri Lanka yesterday signed an agreement to borrow US $ 318 million from India for the development of the railways sector, a Finance Ministry statement said.  

StanChart says all set to facilitate China’s Belt and Road Initiative

Standard Chartered (StanChart) is well set to become the full financial services provider for China’s ambitious Belt and Road Initiative (BRI), which aspires to recreate the ancient Silk Road, connecting China with Asia, Africa, Europe and the Middle East with the aim of achieving mutual development. 

CSE to include non-voting shares in index market cap calculation

The Colombo Stock Exchange (CSE) yesterday announced the inclusion of non-voting shares, which are listed and traded on the exchange, in its index market capitalization (IMC) calculation. 

CB appoints new Deputy Governor

The Monetary Board, with the concurrence of the finance minister, has promoted Assistant Governor K.D. Ranasinghe to the post of Deputy Governor of the Central Bank of Sri Lanka (CBSL) with effect from April 30, 2017.

Korean govt. approves US $ 200mn for Kandy tunnel

George Steuart Travel Ltd Director/Chief Executive Officer Channe Wijemanne was elected as President of the IATA Agents Association of Sri Lanka (IATA-AASL).

Central Industries appoints new National PVC distributor for Kalmunai

The newest authorized distributor of Central Industries PLC was appointed recently in Kalmunai (United Traders, 121 Ampara Road, Samanthurai) to cater to the business needs in the vicinity.  The new business centre was unveiled by Urban Development, Water Supply and Drainage Minister Rauff Hakeem at a ceremony.

Singer-Huawei celebrate five years of success

Singer Sri Lanka PLC, the country’s leading retailer and distributor of branded consumer durables and Huawei, the leading smartphones brand in Sri Lanka, recently celebrated the success of five years of partnership together.

Watawala Tea Ceylon celebrates Watawala Tea becoming No. 1 brand

Watawala Tea Ceylon Ltd, a member of the Sunshine Holdings group, celebrated its outstanding achievements for last year with a gala event recently at the Grand Ballroom of Galadari Hotel Colombo. 

Saudi Fund for Development offers credit facilities to Lankan importers

The Saudi Fund for Development is looking to provide credit facilities for Sri Lankan firms to import raw materials from Saudi Arabia.