Sunshine Holdings celebrates 50 years of responsible entrepreneurism

Sunshine Holdings PLC is celebrating its 50th anniversary. 

ACL Cables sponsors ‘Best Performer Award’ for Electronic Engineering at SLIIT Convocation

Sri Lanka’s top cable manufacturer, ACL Cables sponsored the ‘Best Performer Award’ for the BSc. Engineering Honours Degree for Electric and Electronic Engineering at the recent SLIIT Convocation.

Experience ‘Little England’ with Cocoon

Widely known for its production of tea and the chilly climate, the city of Nuwara Eliya has certainly secured a special place in the hearts of many local and international tourists.

Watawala signs as Gold sponsor for Colombo International Tea Convention

Coinciding with celebrations for the 150th anniversary of Ceylon Tea, the Watawala Family of companies stepped forward as Gold Sponsor to the Colombo International Tea Convention 2017.  Organized by the Colombo Tea Traders’ Association (CTTA), the Sri Lankan tea industry’s apex body, the Colombo International Tea Convention will take place at the Cinnamon Grand hotel on 7th and 8th August. 

Softlogic enlivens Ja-Ela with Burger King and Softlogic Max

A new dimensional shopping experience came to life in Ja-Ela this week when two of the Softlogic Group’s retail operations -- Burger King and Softlogic Max -- joined forces in a single-location with a simultaneous opening in this suburban enclave.

Electricity price hike imminent as costs escalate

Sri Lanka’s electricity consumers are likely to be in for a rude shock again as another round of price increase is expected anytime soon amid shortages in generation capacity and increasing transmission and distribution costs, according to a leading energy sector expert in the country.

Top lube operator calls for strict laws to eliminate unethical practices

Sri Lanka’s lubricant market has become messy due to a large number of unlicensed players acting on rules unto themselves due to lax regulations and their activities have caused losses to the government, licensed operators and consumers at large, the country’s top lube operator said.   

EU blocks LSE-Deutsche Boerse merger amid Brexit jitters

AFP: The EU blocked the blockbuster merger of the London Stock Exchange (LSE) with Germany’s Deutsche Boerse yesterday, snagged by competition concerns and the fallout from Brexit.

CEB awaits ministerial decision to sell solar plants at subsidized rates

Ministerial level discussions are currently underway to decide on subsidized terms of sale of rooftop solar PV plants through the state-owned Ceylon Electricity Board (CEB), an official said yesterday.

Shares rise for second day on foreign buying

REUTERS: Sri Lankan shares rose for a second straight session yesterday, posting their highest close in nearly one week, helped by foreign investor buying and quarter-end window dressing, stockbrokers said. The Colombo stock index closed 0.61 percent firmer at 6,021.54, its highest close since March 21. 

Rupee ends higher on exporter dollar sales

REUTERS: The Sri Lankan rupee ended firmer yesterday, helped by exporter dollar sales and inward remittances but importer demand for the greenback from a state bank weighed on the sentiment, dealers said.

Invo Lanka appointed exclusive dealer for Remer Faucet and Minutery range

Elevating bathroom designs with style and practicality offering an exciting, trend-setting Faucet and Minutery range, Remer Rubinetterie Spa has named Invo Lanka International (Pvt) Ltd., as the exclusive local agent for its family of products.

DSI opens biggest footwear factory sales outlet at Nawinna

The town of Nawinna has become the home of the largest footwear factory sales outlet in the country. 

Keells Super partners with IPHT to improve mango supply and value chain

The Institute of Post Harvest Technology (IPHT) of the Ministry of Agriculture recently launched a program aimed at improving the supply and value chain activities of commercially grown mangoes in Sri Lanka. 

Ceylon Oxygen becomes Sri Lanka’s first to receive updated ISO certification

Ceylon Oxygen Limited (COL), a member of The Linde Group, has become the first Sri Lankan company in the medical and industrial gases industry to receive the updated version of the ISO 9001:2015 certification for the manufacture, distribution and retail of medical, food and industrial grade liquid oxygen, liquid nitrogen and liquid argon. 

MTI’s success with USA’s Limoneira to be published in London

The strategy-critical project carried out by MTI Consulting for Limoneira, the Nasdaq listed and USA’s largest lemon producer, is to be published as a case study in an upcoming publication by Routledge of London in a book titled ‘Management Consultancy Insights and Real Consultancy Projects’. 

Zesta brews hot ‘Ceylon Cuppa’ for Shangri-La with Connoisseur Collection

Steeped in the art of tea, Zesta, Watawala Tea Ceylon’s flagship, award winning brand is creating delicious experiences for guests of the high end hospitality chain, Shangri La – across all their properties, worldwide. 

Chevron Lubricants completes 15 years devoid of work place injury extending safety record

Chevron Lubricants Lanka PLC successfully completed 15 years of zero days away from work across the entire operation that includes the base oil tank farm, laboratory, manufacturing, warehousing and distribution operation. This achievement is a testimony to the company’s world class safety culture that fosters the value of safety and well-being of its employees through awareness on safe work practices.

IDB inks MoU with PUM Netherlands’ senior experts

The Industrial Development Board (IDB) stimulates growth, expansion and development of SMEs by encouraging, promoting and facilitating small and medium enterprises.  

Biz council leads Lankan delegation to Moscow

A 25-member Sri Lankan business delegation led by Sri Lanka – Russia Business Council of the Ceylon Chamber of Commerce together with the Sri Lankan Embassy in the Russian Federation visited Moscow last week. 

‘Kandy Mums’ organizes grand sale to help Central Province biz women

‘Kandy Mums’ has organized a grand sale of baked goodies, clothes, food items, shoes, costume jewelry, painting, perfumes and much more on April 1st to be held at the Queens Hotel Ballroom.

DSI opens latest showroom in Bandarawela

March 15th marked the opening of a brand new DSI showroom in Bandarawela.  The new showroom, which is the 3rd DSI showroom to be opened in the city, is located at Dharmawijaya Mawatha, Bandarawela.

Fashion Bug opens 17th store in Wellawatta

Fashion Bug, one of Sri Lanka’s leading retail clothing stores with over 16 outlets islandwide, opened their 17th store in the heart of Wellawatte.

Sampath cardholders get 30% savings on channeling services with Doc990

Sri Lanka’s cutting-edge digital health portal, Doc990, is presenting unbeatable savings to Sampath cardholders. 

Samsung introduces innovation-driven QLED TV in Paris

Offering users an unparalleled viewing experience, Samsung Electronics’ QLED TV launched at the Carrousel du Louvre in Paris recently. 

Experience true style and comfort with Skechers

Accentuating its commitment to providing an ultra-comfortable and fashionable approach to a healthier lifestyle, Skechers predominantly uses an ergonomically engineered Memory Foam sole in its footwear. 

Laugfs to borrow US $ 42.6mn for LPG terminal

In order to finance the group’s flagship LPG terminal in Hambantota, Laugfs Gas PLC has provided a corporate guarantee to the tune of US$ 42.6 million as security to its fully-owned subsidiary Laugfs Terminals Ltd to obtain a long-term loan from People’s Bank. In a filing to the Colombo Stock 

Rupee ends weaker on dollar demand from state bank

REUTERS: The Sri Lankan rupee ended weaker yesterday due to dollar demand from a state bank to cover import bills.

Shares rise on foreign investor buying; turnover hits 1-mth high

REUTERS: Sri Lankan shares closed slightly stronger yesterday, recovering from a more than one-year closing low hit in the previous session, as foreign investors bought battered stocks while block deals pushed the day’s turnover to a one-month high.

CTC assesses biz viability as beedi, illicit fags gain large market share

Beedi and illicit fags have made considerable inroads to Sri Lanka’s tobacco market due to ad-hoc and irrationally excessive taxes slapped on the legally manufactured cigarettes, making it extremely difficult to generate meaningful value, said the country’s only legal manufacturer of cigarettes.