Malik tells ageing corporate leaders to make way for young blood

A senior government minister requested the ageing corporate leaders to make way for younger 

Sri Lanka’s demand for consumer durables to slow next year: Fitch

The demand for consumer durables in Sri Lanka is expected to be sluggish in 2017 and the industry 

Top economist says budget has moved away from creating simplified tax system

The 2017 budget has moved away from creating a simplified tax system for the country, according to 

Quebee Den unveils Bellybees multigrain infant cereal

Sri Lankan consumer goods company Quebee Den has unveiled an all-new multigrain infant cereal 

Channa Wijesekara authors valuable book on wood industry

The book titled ‘Basic Technology of Wood Working’, written and published by Channa Wijesekara, 

High-powered Netherlands dairy, poultry sector delegation to visit Sri Lanka

A 12-member high-powered business/investor delegation from dairy and poultry sectors from Netherlands will be visiting Sri Lanka in end-November 2016. 

Sunteks International bags Flame award

Sunteks International was recently presented the Flame award at ‘Flame Entrepreneur Awards 2016’ organized by the Western Provincial Council. 

Midaya Ceramic wins NCE and SCLBCC Silver awards

The National Chamber of Exporters and the Sri Lanka China Business Co-operation Council recently 

GroceryPal.lk wins Silver at NBQSA for E-inclusion

In the recently held NBQSA 2016 awards, GroceryPal.lk won the Silver award under the e-inclusion 

TPS International opens warehouse complex in Horana

One of Sri Lanka’s largest sanitary-ware and ceramic importers, TPS International (Pvt) Ltd recently 

Delmege Forsyth CEO to step down in December

Nuwan Wimalana, a senior marketing professional known for his marketing expertise and hands-on 

China Products Colombo Exhibition to kick off on Nov. 22

China Products (Colombo Sri Lanka) Exhibition 2016, to be held from November 22-24, 2016, at the 

Kandurata Industries to market Mitu Baby products in Sri Lanka

Godrej Sri Lanka has partnered with Kandurata Industries to distribute its internationally-acclaimed range of baby care products marketed under the brand of Mitu Baby to provide consumers the access to best of baby care. 

Kelani Cables clinches Gold at Presidential Environmental Awards

Kelani Cables PLC was conferred with a Gold award for Best Green Report in Tier 2 category at the Presidential Environmental Awards 2016. 

Oleema Industries wins Flame award

Oleema Industries (Pvt) Ltd, which is the forerunner in the production of safety shoes has won the Excellence Award at Flame - 2016, organized by the Western Provincial Council to recognize the entrepreneurs. The company was awarded under the section safety shoes and leather productions.  President Maithripala Sirisena conferred the award on S.K.Ajith Priyadarshana, the Chairman of Oleema Industries at the Colombo Galleface Hotel recently.&n

HJS Condiments recognized at National Occupational Safety Awards

HJS Condiments of Hayleys Agriculture Holdings clinched the Special Achievement Award on OSH (Occupational Safety and Health) for team effort at the National Occupational Safety and Health Excellence Awards 2016, organized by the Ministry of Labour and Trade Union Relations. Pictured shows Sunil Rajapakshe, Manager, Human Resource and Productivity Improvement, HJS Condiments receiving the award at the prestigious awards ceremony.   

ACL Cables assigned [SL] A+ by ICRA ratings

ACL Cables PLC, the country’s no.1 cable manufacturer recently announced it had been assigned a rating of [SL] A+ stable outlook by ICRA Lanka Limited, subsidiary of ICRA Limited, a group company of Moody’s Investors Service, showcasing its financial strength.

JLanka focuses on urgency of investment in renewable energy

JLanka Technologies, a pioneer in the local renewable energy sector and the leading solar solutions provider in Sri Lanka powered the Green Energy Leaders Forum on global trends in renewable energy investment, held on November 12th, at Waters Edge, Battaramulla. 

Peradeniya University to hold MBA Night 2016

The MBA programme was founded in 1998 by the Postgraduate Institute of Agriculture of University of Peradeniya in collaboration with the University of Stirling, UK, supported by the Higher Education Link Programme of the British Council. 

Sri Lanka–Turkey trade talks resume in Ankara after 26 years

Trade talks between Turkey and Sri Lanka re-opened recently in Ankara-after 26 years, in a bid to enhance bilateral trade. 

National Chamber session to feature Malaysian High Commissioner

The High Commissioner of Malaysia, Wan Zeidi Wan  Adullah will be the special guest  speaker at  a  session on “Bilateral trade between Sri Lanka and  Malaysia ”,  organized by the National Chamber of Commerce of Sri Lanka , on November 24th from 3.00 p.m to 4.30 p.m  at the chamber  Auditorium.

Central Bank Governor to address CIM SL CEO Breakfast Forum

The Chartered Institute of Marketing (CIM) Sri Lanka will be hosting its third CIM CEO’s Breakfast Forum for this year on 16th November at Ramada Colombo, from 7.30 am onwards. 

Central Bank’s autonomy challenged in budget 2017

Ce r t a i n c o n t r o v e r s i a l proposals in the budget 2017 are likely to have massive implications 

Embarkation Levy increased to US $ 50

The 2017 budget has increased the Embarkation Levy to generate greater government revenue at the 

CTC 3Q net profit up 38% to Rs.4.6bn

Ceylon Tobacco Company PLC (CTC), the local unit of British American Tobacco, increased its 

Budget moves hotels out of subsidized corporate tax rate

?By Chandeepa Wettasinghe The Sri Lankan tourism industry was treated to a shock with the recent 

Most Asian telcos to come under pressure in 2017: Fitch

Fiercer competition and rising capex needs will put pressure on the credit profiles of most Asian telcos over the next year, says Fitch Ratings. “We have a negative outlook on the telecom sectors in 

Capital Gain Tax only on properties less than 10 years and not on inherited wealth: FinMin

Shedding light on the budget proposal to impose a 10 percent tax on capital gains made on immovable properties, country’s finance minister said such a tax would be only on the properties 

Budget 2017 leads to greater fiscal consolidation: FinMin

The budget 2017 would lead to greater fiscal consolidation at the same time deliver benefits to the 

Shares end little changed ahead of national budget

REUTERS:  Sri Lankan shares closed nearly unchanged on Thursday in thin trade as investors