Upcot’s Strathepey Estate celebrates Women’s Day for fourth consecutive year

The International Women’s Day was celebrated on March 8, 2017 at Strathspey Estate, Upcot, which is situated in the Maskeliya area.

High Life introduces ‘Happy Monday’ special discounts

Situated in the midst of Malabe - Koswaththa, High Life fashion destination has become popular among the customers. There are many special features in this fashion destination compared to other places.

Crysbro Group recognizes sporty employees in unique sports meet

The dominant upcountry name in chicken production in Sri Lanka, Crysbro Group of Companies, in a bid to recognize the sporting talents among its employees organised the company’s inter-house sports meet, which was successfully conducted recently at the Wickramabahu National College Grounds - Gampola.

Daraz.lk announces Avurudu Wasi campaign powered by Buffalo Energy Drink

There couldn’t have been a better start to the Sinhala and Tamil New Year! Shoppers can get ready to shop with big savings on big brands at the Daraz.lk’s Avurudu Wasi powered by Buffalo Energy Drink. 

Local industrialists express concerns over proposed China-SL FTA

A group of local industrialists have expressed strong concerns over the proposed China-Sri Lanka free trade agreement (FTA) pointing out that it could have serious and detrimental effects on the country’s domestic industries, if implemented. 

German Travel Association mulls holding next AGM in Sri Lanka

Deutscher Reise Verband (DRV), also known as German Travel Association, may hold its annual general meeting (AGM) in Sri Lanka with the participation of over 800 of its members, a media statement from Sri Lanka’s Tourism Ministry said.

Rupee ends weaker ahead of cbank rate review

REUTERS: The Sri Lankan rupee ended slightly weaker in thin trade yesterday as dollar demand from importers surpassed selling of the US currency by exporters, with investors waiting for the Central Bank’s decision on interest rates.

Shares fall to 1-yr closing low, rate review in focus

REUTERS: Sri Lankan shares fell for a second straight session yesterday to a more than one-year closing low as expectations of an interest rate hike continued to drag down the market ahead of the Central Bank’s monetary policy review.

French aid agency arm mulls more equity investments in Sri Lanka

ECONOMYNEXT: Proparco, the private sector arm of Agence Française de Dévelopment (AFD), France’s development agency, is looking for investment opportunities in Sri Lankan companies as it expands investments in equities, an official said. 

Flemingo secures contract to carry out duty free operations at BIA

Sri Lanka’s Transport and Aviation Ministry has awarded a five-year duty free contract to Flemingo Duty Free to operate one of the two core category spaces at Bandaranaike International Airport (BIA) following a successful tender process.

Clarks-DSI open 3rd store in Colombo

Expert shoemakers, Clarks, launched its third store in Colombo through its sole distributor in Sri Lanka, D. Samson & Sons (Pvt.) Ltd.

CIC Seeds felicitates 20 long-standing farmers

Twenty long-standing farmers were honoured by CIC Seeds (Pvt.) Ltd during a felicitation ceremony held at Shalika Hall, Dehiattakandiya recently. 

Maliban Smart Cream Cracker wins Advertisement of the Year at People’s Awards

Maliban Smart Cream Cracker being awarded the Advertisement of the Year at the recently concluded SLIM-Nielsen People’s Awards 2017 held at Water’s Edge, was testimony to disruptive communication creating a lasting connect with consumers.   

Marina Spread relaunched with new look

To further strengthen its presence locally as well as internationally, Marina Foods (Pvt.) Ltd, a member of NMK Holdings, recently reintroduced Marina Spread with a new look to be on par with the international standards.

Rohaka Company receives Star Performance Award

Rohaka Company (Pvt.) Ltd, a renowned company in the administration of overseas educational opportunities for the students, was awarded the international Star Performance Award recently. 

Everjobs.lk announces first-ever Paperless Job Fair in Sri Lanka

In a move of revolutionary genius, Sri Lanka’s fastest growing online career platform, everjobs.lk, announced the launch of the first-ever Paperless Job Fair in the country. 

Views split on rate hike, tightrope walk for Central Bank

Sri Lanka’s Central Bank could raise its key policy rates in the coming months if it skips a chance to tighten this week, a Reuters poll showed, two weeks after the International Monetary Fund (IMF) called for further tightening. 

Is private equity threat to future IPOs?

Going public was once the ultimate goal of any forward-looking company. But now appears it is no longer the case as emerging private equity funds are effectively filling that need with less pain for the promoters, who otherwise have to undergo much hassle in raising funds for  future growth.    

Concerns raised over tax increase on synthetic lubricants

The Ceylon Motor Traders’ Association (CMTA), a member of the Ceylon Chamber of Commerce, yesterday in a statement raised concerns over the significant increase in duty and taxes on synthetic lubricants.

Rupee falls ahead of Central Bank rate review

REUTERS: The Sri Lankan rupee fell in thin trade yesterday as dollar demand from importers offset selling of the US currency by exporters ahead of a decision on interest rates by the Central Bank. The bank meets to discuss monetary policy later this week and could raise key policy rates then or in the coming months, a Reuters poll showed, two weeks after the International Monetary Fund called for further tightening.

Rajah Nanayakkara no more

Business leader Rajah Nanayakkara has passed away on Wednesday in Singapore, at the age of 77. At the time of his demise, he was the Chairman of Lanka Orix Leasing Company PLC (LOLC).

Laugfs says will contribute 6-7% of govt.’s US $ 20bn export target once H’tota LPG terminal becomes

Laugfs Holdings PLC is hoping to contribute significantly towards the government’s 2020 export target of US $ 20 billion through its Hambantota liquid petroleum gas (LPG) terminal, a top company official said. 

US envoy meets CB Governor

US Ambassador in Colombo Atul Keshap paid a courtesy call on Central Bank Governor Dr. Indrajit Coomaraswamy this week at the Governor’s office. 

Ruhuna University organizes symposium on civil and environmental engineering practices

The 5th International Symposium on advances in civil and environmental engineering practices for sustainable development (ACEPS-2017) is the annual international symposium organized by the Department of Civil and Environmental Engineering (DCEE) of Faculty of Engineering, University of Ruhuna.

German Embassy brings mobile school lab ‘teutolab’ to Sri Lanka

‘Learning by doing’ was the motto of three German scientists who conducted workshops with school children in Maliyadewa Kurunegala, St. Patrick’s College Jaffna and Musaeus College in Colombo. “We never had science lessons like this before,” said an excited student after the workshops. 

BoC offers special discounts during Avurudu shopping

The Bank of Ceylon invites BOC card holders to enjoy shopping for Avurudu with their families as they can enjoy the highest discounts during the Avurudu period. 

Watawala Tea clinches ‘Most Favourite Hot Beverage Brand’ award

Watawala Tea, the market leader in the tea category, was awarded the ‘Most Popular Hot Beverage Brand of the Year’, at the SLIM-Nielsen People’s Awards, held recently for the 11th consecutive year. 

Arden Institute felicitates first batch of CGSPs

Arden Institute felicitated the first batch of Certified Guest Service Professionals (CGSP) at the Taj Samudra recently. 

Taxi meter with printer introduced for first time in Sri Lanka

Smart Travel International has introduced Sri Lanka’s first taxi app which works with a taxi meter namely Vow Cabs. 

Documentary on EU’s support to district development of Sri Lanka

In celebration of 60 years since the signature of the Rome Treaties, the first step towards a united Europe, a documentary on the impact of the European Union’s development cooperation under the European Union Support to the District Development Programme (EU-SDDP) will be telecast this week.