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. 

Sunquick ‘Drink & Win’ back with 100 Sisil refrigerators

Sri Lanka’s fruit juice brand ‘Sunquick’ has once again commenced its annual consumer promotion, Sunquick ‘Drink & Win’, from January onwards. 

C K Group celebrates 10th anniversary of business journey

The Managing Director of C K Group, C J Kuruppuge and Director, K S Kuruppuge announced that they have completed the 10th year of a successful business journey on 10th January.

Ceylon Chamber opens up biz bulletin for more subscribers

The Ceylon Chamber of Commerce is opening up its Business Opportunities Bulletin 2016/17, issued weekly for more subscribers. 

Top economist highlights tragedy of policy decisions sans research

The government is making decisions without doing proper research, specially in the case of the country’s thrust areas of infrastructure development and trade policy, Sri Lankan President’s Economic Advisor Dr.Sarath Rajapatirana said last week.

As export-led growth era fades away Sri Lanka urged to implement 2nd gen economic reforms to stay af

The era where exports pushed a nation’s economic growth has begun to slowly disappear as this phenomenon has now become evident from the recent export growth statistics of Asia Pacific 

Ravi K vows to reveal names of Central Bank saboteurs busting rupee

The names of Central Bank officials who are sabotaging the rupee will be revealed in the coming days, after which the currency will strengthen in the coming months, Finance Minister Ravi Karunanayake said recently.

MR challenged to explain Habantota port expenses

Finance Minister Ravi Karunanayake last week challenged the former President Mahinda Rajapaksa to explain where the remaining funds from the US$ 1.4 billion

India’s Central Bank employees urge governor to protect autonomy

REUTERS: The employee union of the Reserve Bank of India (RBI) has urged the bank’s governor to protect Central Bank autonomy and not allow the federal government to interfere in processes following criticism over how it handled a ban on high-value currency.

NCE urges exporters to make effective use of GSP Plus

While lauding the government for its role in regaining GSP Plus tariff concession from the European Union (EU), a leading export chamber in the country urged its members as well exporters in general to prepare themselves to make use of the opportunity to the maximum. 

Lakdhanavi and LTL Holdings subsidiaries import furnace oil direct from Singapore

The two subsidiary companies of Lakdhanavi Ltd and LTL Holdings (Pvt) Ltd, namely; Raj Lanka Power Company Ltd (RLPCL) and Lakdhanavi Bangla Power Ltd (LBPL) which operate two thermal power plants with the capacity of 104 MW in Bangladesh, 

Minodh de Sylva wins ‘Young Achiever Award’ in India

Minodh de Sylva won the Young Achiever Award, presented to those with significant achievements under the age of 35 years at the recently concluded Marketing Excellence Awards at the Taj Lands End Hotel, India. 

Sri Lanka-Pakistan bilateral trade could be improved further: envoy

The second edition of the Single Country Exhibition of Pakistan was held at the Bandaranaike Memorial International Conference Hall (BMICH) last weekend.