Installation of container scanners in 2-3 months: FinMin

The installation of an advanced container scanning system, which has attracted controversy, would take place within the next two to three months, Sri Lanka’s finance minister said recently. “We will probably start in the next two to three months maximum,” Ravi Karunanayake said at the 12th Ease of Doing Business Forum, last week.

Sri Lanka protests cripple health services, dent investor sentiment

REUTERS:  An islandwide protest on Friday by Sri Lankan doctors demanding closure of a private medical college crippled the health services, leaving thousands of patients unattended and threatening the investment climate.

Oil rises further above US $ 55 on Libyan field shutdown, Syria

REUTERS: Oil rose further above US $ 55 a barrel yesterday, supported by another shutdown at Libya’s largest oilfield and heightened tension over Syria following the US missile strike.

Industrial activity edges up in February

Sri Lanka’s industrial activity picked up slightly this February compared to a year ago, amidst higher inflation, although production slowed down compared to January 2017, provisional data released by the Census and Statistics Department showed. 

Huawei to offer over Rs.1.5mn worth gift vouchers this Avurudu

Huawei, the number one growing smartphone brand in Sri Lanka, launched its seasonal Avurudu promotion tagged ‘Avurudu Bonus’ providing gift vouchers worth Rs.1.5 million for customers who purchase the Huawei GR5 2017 and P9 Lite between March 24 to April 30, 2017. 

Blink International launches watch experience centre

Blink International recently announced the launch of a dedicated multi-brand watch experience and service centre. 

Sujeewa Senasinghe to participate in Harvard University Meeting

International Trade State Minister Sujeewa Senasinghe has been formally invited for the second time to attend a prestigious meeting at the Centre for International Development (CID) at Harvard University’s Kennedy School of Government.

Oxford Business Group launches Academic Programme in Sri Lanka

The students at the University of Colombo were recently provided with access to the extensive library of economic reports on emerging markets produced by the global research and consultancy firm Oxford Business Group (OBG).

Abans solar systems – Next step towards sustainable future

The world today is awakening to the realization that sources of renewable energy are more beneficial for energy consumption in both domestic and industrial aspects. Solar power is one such type of renewable energy that has gained widespread popularity globally. 

Farlin unveils first ‘Farlin Corner’ in Matale

Farlin, one of the world’s most trusted baby care brands, unveiled the country’s first Farlin Corner store featuring the entire line up of Farlin products in Matale recently. 

Fiona Nanayakkara launches Bully & Co self-help book

As a step to provide guidance on how to face harassment in the work place, corporate professional Fiona Nanayakkara launched a self-help book called Bully & Co, recently.

NDB introduces 20% discount on fuel this Avurudu

National Development Bank PLC (NDB) has made this Avurudu season more than just a time of celebration but a time of merriment, feasting and visiting family and friends. To make this Avurudu even more special NDB Good Life credit cards introduces an unbelievable discount of 20 percent on fuel for your Avurudu visits on April 12 from 4:00 p.m. to 6:00 p.m. up to Rs.5,000.

CA Sri Lanka’s mentoring programme to nurture new chartered accountants

To help the new members of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) reach their full professional potential, 15 distinguished members of the institute came forward to mentor over 75 new chartered accountants by helping them enhance their professional learning in order to help them reach their professional goals.

Weber Barbecue Grills to open first flagship store in Sri Lanka

Weber Barbecue Grills, a product of Weber Stephen Products LLC, will expand its global footprint when it opens its first flagship store in Sri Lanka in collaboration with World of Outdoor.

Global markets roiled by US attacks on Syria

Global markets shook yesterday, with stock indices largely downbeat but oil, gold and the yen higher after US missile strikes on Syria fanned geopolitical concerns.

Ransalu exhibition

The national handloom exhibition ‘Ransalu’ was launched at the BMICH in Colombo yesterday with a view of promoting handloom produce during the festive season. This exhibition sponsored by the Industry and Commerce Ministry, will conclude on the 9th.

SriLankan bags top Tamil Nadu Tourism Award

SriLankan Airlines added yet another international accolade to its impressive collection when it received the ‘Best International Airline - Asia’ award at the second annual Tamil Nadu Tourism Awards, the largest tourism awards event in the state of Tamil Nadu.

MPs volunteer to monitor Finance Ministry institutions

A group of parliamentarians have been appointed at district level to monitor institutions coming under the purview of the Finance Ministry.

Germany sees industrial production, trade surplus grow

AFP: Germany saw a surprise boost in industrial production and a widening of its trade surplus in February amid rising tensions with the Trump White House over its export strength.

JICA extends helping hand to upkeep Lankan bridges

A brand new bridge maintenance vehicle from Japan was gifted by Japan International Cooperation Agency (JICA) to the Road Development Authority (RDA) of Sri Lanka yesterday. 

Greece agrees reforms to break bailout impasse

AFP: Greece agreed on a fresh set of reforms with its eurozone creditors yesterday with hopes that Athens could unlock bailout cash in time to avert a debt default just months away.

Rupee weaker on importer dollar demand; stocks gain

REUTERS: The Sri Lankan rupee traded slightly weaker in dull trade yesterday as importer dollar demand and dividend payments outpaced inward remittances and dollar sales by exporters ahead of the festival session, dealers said.

Samsung hits record sales of Rs. 2.5bn in March

Samsung Sri Lanka succeeded in achieving a record sale of Rs 2.5 billion in March 2017 with the contribution of its partners - Singer, Singhagiri, JKOA, Softlogic Mobile and Softlogic Retail.

YCAF holds Fun Drive 2017

A large group of vehicle enthusiasts, who are also young chartered accountants, came together recently to show off their driving skills at Fun Drive 2017 organised by the Young Chartered Accountants Forum (YCAF) of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). 

FITIS offers FAMOUS at SLIIT convocation for 7th time

The Federation Award for the Most Outstanding University Student (FAMOUS) has been offered by the Federation of Information Technology Industry Sri Lanka (FITIS) at the Sri Lanka Institute of Information Technology (SLIIT) convocation held recently at the SLIIT auditorium.  

Mallika Hemachandra – A Legacy coffee table book launched

Mallika Hemachandra – A Legacy, a coffee table book, was launched at a gala ceremony at the Oak Room, Cinnamon Grand in the presence of a large gathering of close friends, associates and clients to celebrate the artistic and entrepreneurial legacy of Mallika Hemachandra, the founder and the artistic inspiration behind the successful and enduring journey of Mallika Hemachandra Jewellers.  The coffee table book sketches not only the pers

Casons Rent-A-Car opens travel counter at BIA

Casons Rent-A-Car opened a travel counter at Bandaranaike International Airport (BIA) arrival terminal from January 1, 2017. Casons has an outstanding reputation since 1987 in the car rental and tourism industry and operates over 500 new vehicles with a chauffeur for tours to cater to the tourists visiting Sri Lanka.

mCash rewards key stakeholder groups at Infinity Awards 2016

The national mobile service provider, Mobitel’s mobile money platform, mCash, held its eagerly anticipated mCash Infinity Awards 2016 for the second consecutive year in recognition of the outstanding contribution by key stakeholder groups such as mCash retailers, distributors and sales staff. 

Kelani Cables hosts Kelani Challenge Trophy 2017 for second consecutive year

Kelani Cables PLC led the Kelani Challenge Trophy 2017 annual cricket tourney at the Bloomfield Cricket Club grounds in Colombo.

CMA hosts visiting MBA students from Pune

IndSearch Study Abroad Programme (ISAP) 2017 was jointly organised by the Indian Institute of Cost and Management Studies & Research (IndSearch), Pune, India and CMA Sri Lanka from March 28, 2017 to  April 2, 2017.