EDEX Expo 2017 to kick off tomorrow

 Sri Lanka’s largest education exhibition and job fair – EDEX Expo – will be held from January 20 to 22, 2017, at the BMICH Colombo and on January 27 and 28, 2017 at Kandy City Centre  (KCC), Kandy. 

StanChart includes SL in Jan. 24 Global Research Briefing

Standard Chartered’s Global Research Team has included Sri Lanka as part of its Global Research Briefing circuit, and will conduct a closed-door exclusive session entitled ‘Welcome to the Jungle’ for the bank’s clients on Tuesday, January 24, 2017. 

Hendricks Tea outlet opening brings quality aromas to Kiribathgoda

Amid a splash of colours and quality aromas, Hendricks Tea, one of Sri Lanka’s leading brands that produces finest and freshest Ceylon Tea, launched its newest outlet in Kiribathgoda, in a bid to popularize itsfinest teas at reasonable prices. The new outlet in is located in Kandy Road, Kiribathgoda.  

UTE uses Six Sigma to work with corporate clients

Many companies around the world adopt the Six Sigma Methodology in an effort to improve any area. 

Renuka Foods expands range with wafer sticks launch

POP has been a household name in Sri Lanka for over a decade with a range of mouth-watering snacks that has excited the taste buds of Sri Lankans across all corners. 

Vision Care expands with five new branch openings

With a core focus on expanding Vision Care’s range of optical services to a wider majority of areas covering all major districts in the country, the eye care solutions provider has embarked on yet another feat of branch expansion with their newest branches opened in Gampaha, Kuliyapitiya, 

Sri Lanka’s overall PMI expands during December festive season

Expansions in Sri Lanka’s Purchasing Managers’ Index (PMI) this December showed that both manufacturing and services sectors have performed well during the festive season, according to the Central Bank. 

Bairaha to invest additional Rs.239mn in feed manufacturing and storage facility project

Bairaha Farms PLC (BFP) yesterday announced additional investments amounting to Rs.239 million to the ongoing construction of its animal feed manufacturing and storage facility.

Tobacco giant BAT buys out US firm Reynolds in mega-deal

AFP: British American Tobacco agreed yesterday to pay almost US $50 billion for control of US peer Reynolds American in a move which targets the lucrative United States market and the fast-growing e-cigarette sector.

Tourist arrivals to Maldives up 15% in November recording highest YoY growth

Tourist arrivals to Maldives rose by 15.9 percent in November, recording its highest year-on-year (YoY) growth in 2016 to 104, 572 as the arrivals from all major regions picked up from a year ago but the visitors from China, its largest sourcing market  continued to falter, the data released by the Maldivian Department of Immigration and Emigration showed. 

Rupee marginally higher on banks’ dollar sales

REUTERS: The Sri Lankan rupee traded marginally higher yesterday in light volume as foreign banks sold dollars, but the market expects the currency to weaken after the Central Bank allowed flexibility in the exchange rate, dealers said.

Asia drives rise in 2016 world tourism numbers: UN

AFP: The number of international tourists rose by four percent worldwide to 1.2 billion in 2016 as Asians travelled more, but security fears hit visitor arrivals in Europe, the World Tourism Organization (WTO) said yesterday.

JKH files first patent related to novel energy storage material

John Keells Holdings PLC(JKH) filed its first patent jointly with the Council for Scientific & Industrial Research (CSIR) – India, in the area of energy storage materials. 

‘No point’ in blaming globalisation for world’s problems: Xi

AFP: Chinese President Xi Jinping said yesterday that there is no point in blaming economic globalisation for the world’s problems, adding that no one would win a trade war.

Ceylon Chamber to hold seminar on 2017 economic outlook

The Ceylon Chamber of Commerce will line up four well-known economists along with an international relations specialist to discuss the economic outlook and its implication for business during the year 2017, with a special session on the implications of new US President Trump on the global economy and Sri Lanka.

Maldives Education and Career Expo kick-starts end March

The Maldives International Education and Career Expo will be held on three consecutive days on the 30th, 31st of March and 1st of April in Male. 

Sri Lanka’s future growth depends on foreign investor confidence: WB

Sri Lanka’s future growth will depend on foreign investor confidence, which in turn will depend on fiscal consolidation and an end to the political deadlock between the unity government’s major parties, a World Bank report said this week.

Leading publisher says re-electing ousted politicos will justify their past actions

Re-electing the politicians who have fallen out of the seat of power will justify all past actions taken by such politicians, which would become relevant for Sri Lanka in the future, the head of a leading Indian media conglomerate said recently in Sri Lanka.

Economic relations among SAARC nations “bit of a joke” says Amunugama

The economic relations among the South Asian Association of Regional Cooperation (SAARC) countries are “a bit of a joke” compared to China’s proven track record of fuelling economic development within the South Asian region, a leading minister said recently.

Coca-Cola interested in using Sri Lanka as production hub

The Asia Pacific heads of multinational Coca-Cola has expressed their willingness to develop Sri Lanka as a production hub to re-export their products to India.

Royal Ceramics to invest almost Rs.1bn for new kiln, machinery

Royal Ceramics PLC (RCL), Sri Lanka’s leading floor tile and bathware manufacturer, yesterday said it was replacing its existing kiln at its Eheliyagoda manufacturing plant with the press, associated machinery and building at a cost of Rs.978 million. 

Prime Lands acquires 75% of Summit Finance for Rs.510mn

Property and real estate developer, Prime Lands (Pvt.) Ltd, yesterday acquired 17 million shares or 75.54 percent of Summit Finance PLC held by Sarvodaya Development Finance Limited at a price of Rs.30 per share, aggregating to a total consideration of Rs.510 million. 

ISMM to hold landmark 25th convocation on January 22

The Institute of Supply and Materials Management (ISMM) is to conduct its 25 landmark convocation on January 22 at the BMICH.

S.P Construction clinches two FCCISL awards

S.P Construction in Chilaw bagged two awards under the category of  Differently-able North Western Provincial  and The National Winner at the recently concluded  annual Business   Excellency Awards  2016 of Federation of Chamber of Commerce and Industries Sri Lanka  held at Stein Studio in Ratmalana. 

Rupee ends marginally higher on dollar sales

REUTERS: The Sri Lankan rupee ended marginally higher yesterday in lean trade as foreign banks sold dollars, but the market expects

MTI selected for Qatar Vision assignment

Qatar Vision, a fast growing diversified business group in Qatar has retained MTI Consulting for its HRM advisory services. 

Pelwatte Dairy introduces seasonal offer on bulk butter purchases

Pelwatte Dairy Industries Ltd, a frontrunner in the dairy industry and one of the only companies using 100 percent locally sourced ingredients are offering hotels, bakeries and corporate institutions special prices on bulk butter purchases during the festive season. 

Blue Mountain chief delivers inspirational lecture to aspiring young entrepreneurs

The Group Chairman and Founder of real estate group, Blue Mountain, Dr. Hiran Hettiarachchi delivered the keynote speech on the occasion of the launching of the ‘Futurepreneur’ Magazine, by the Young Entrepreneurs Association from the Department of Commerce & Finance Management at University of Kelaniya. 

Singapore Airlines recognises best-performing partners

To recognize the best-performing partners, Singapore Airlines (SIA) Top Agent Awards 2015/16 was held in Colombo recently, which saw George Steuarts Travel International Ltd walking away with the Gold award for the fourth consecutive time. 

Goyo to be launched this weekend

Get set to experience a change in lifestyle in a fun & festive environment, like you’ve never seen before with games, competitions and exciting giveaways as Goyo launches in Sri Lanka on 21st January, from 4.00pm onwards at the Arcade Independence Square.