AB Securitas achieves Global Performance Excellence Award 2016

AB Securitas (Pvt.) Ltd, the leading loss prevention and secure transport service provider in Sri 

Associated British Foods invests Rs.450mn in Lankan subsidiary

In a move that reinforces the confidence placed by global conglomerates in Sri Lanka, Associated 

Private consortium mulls reviving Indo-Lanka ferry service

A pre-feasibility study has been carried out by a private consortium to recommence the Indo-Lanka 

Fitch rates BOC’s subordinated debt up to Rs.8bn final ‘AA(lka)’

Fitch Ratings Lanka has assigned Bank of Ceylon’s proposed Basel II-compliant subordinated 

Govt. gives private sector US $ 30 bn export target by 2020

The Sri Lankan government is aiming at facilitating the private sector to reach US $ 30 billion in exports by 2020, the Central Bank governor said last week.

Shares slip from near 3-wk high on profit taking

REUTERS: Sri Lankan shares ended slightly weaker yesterday, ending a four-session run of gains, to 

GiftSmart.lk launches free custom greeting cards

GiftSmart.lk, Sri Lanka’s award-winning gifting website, recently launched a freeonline platform where 

Hundreds of photo enthusiasts compete at Canon photomarathon

The Canon photo marathon organized by Metropolitan PhotoHub Pvt Ltd on behalf of Canon had an 

Crystals to reopen for festive season

Preethi Fernando, a connoisseur of crystal ware and all things fine and luxurious will reopen her super 

100PLUS powers ‘Run For Their Lives’

100PLUS, a leading isotonic sports drink, which is marketed and distributed by Zahra International in 

Nature’s Agro Products Lanka excels at Entrepreneur 2016 Awards

Nature’s Agro Products Lanka Company which exports value-added cinnamon and coconut products 

Japanese envoy visits JASTECA Gold Award winner Hirdaramani Knit

Japanese Ambassador to Sri Lanka, Kenichi Suganuma visited the Hirdaramani Knit Eheliyagoda 

Trade Promoters celebrates 40th anniversary

In contemporary Sri Lanka, a business no longer stands out if it were simply providing a useful 

Sony introduces additions to Extra Bass audio lineup in Sri Lanka

With the belief of ‘music deserves respect’, Sony introduced three additions to its Extra Bass audio lineup, in Colombo recently.

LOLC wins National Business Excellence Award 2016

The LOLC group reached the pinnacle of excellence when it was crowned as the overall Gold award winner at National Business Excellence Award (NBEA) 2016 at a glittering awards ceremony held recently in Colombo. 

VW bosses forced to pay back private jet costs

AFP: Bosses at troubled German auto giant Volkswagen have been forced to pay the company back 

Sri Lanka exports rise, deficit narrows in September as vehicle imports fall

Sri Lanka’s export earnings rose for the second consecutive month in September 2016 to US $ 898 

October tourist earnings and remittances up

The data also showed that earnings from tourism arrivals recording US $ 249.3 million in October 

Private sector urged to lead economic growth with higher exports

Sri Lanka’s private sector has to lead the country’s growth with exports, the country’s Central Bank 

Rajendra Theagarajah joins Cargills Bank as Joint Deputy Chairman

Cargills Bank Limited, the banking arm of the Cargills group, last Friday announced the appointment 

Importers praise Ravi K for maintaining lower taxes in budget 2017 on tile and sanitaryware products

The Tiles & Sanitaryware Importers Association (TSIA), recently commended Finance Minister Ravi 

NSBM Green University finalizes strategic plan with MTI

The National School of Business Management (NSBM) Green University Town has approved the six-

Prof. Munasinghe honoured for contributions to energy policy

2007 Nobel Peace Prize co-laureate Prof. Mohan Munasinghe was presented with the prestigious 

Cargills MD appointed to CT Holdings board

CT Holdings PLC (CTH) last Friday announced the appointment of M. Imtiaz A. Wahid as Non-

Govt. to introduce AI-run national toll system next year

The Sri Lankan government will be introducing a nationwide toll system run by artificial intelligence by the 3rd quarter of 2017, a leading official of the state’s Information Communication Technology Agency (ICTA) said.

Korea Eximbank to develop master plan to strengthen Kandy traffic network

As the second largest city in Sri Lanka, Kandy is geographically located as a nodal point of major road networks in Sri Lanka.  However, at present, the city is afflicted with increasing traffic congestion caused by unsystematic road networks in the city. Hence there is a great need for a comprehensive study to develop a tailored and systematic traffic network that takes into consideration the urban expansion of the city. 

Sri Lanka hosts Lions Club’s 44th ISAAME Forum

Attracting over 2000 foreign delegates from over 60 countries, the 44th ISAAME (India, South Asia, Africa and Middle East) Forum, hosted by The Lions of multiple district 306 Sri Lanka, started in Colombo recently. 

China must ‘walk the talk’ on trade: former WTO chief

AFP -  Beijing’s pledges to pursue trade liberalisation in the face of a potentially more protectionist US under Donald Trump meant it was time for China to “walk the talk” on the issue, former WTO director-general Pascal Lamy said yesterday.

Asian markets slip as investors take step back

AFP - Asian stocks turned negative yesterday and oil prices retreated along with the dollar as investors took a step back from a recent rally, while caution set in ahead of a crunch referendum in Italy at the weekend. World markets have been rising since Donald Trump’s shock US election win on hopes his big-spending, tax-cutting policies will boost the world’s largest economy. 

Rupee gains on exporter dlr sales, subdued importer demand

REUTERS – The Sri Lankan rupee was trading marginally higher yesterday as exporters sold dollars while the demand for the greenback from importers was subdued with the year-end festival season setting in, dealers said. Rupee forwards were active while spot-next forwards were at 148.85/95 per dollar at 0603 GMT, compared with Thursday’s close of 149.00/02.