Central Bank Governor speaks about status of economy to University Women Federation

It was mismanagement and living beyond our means that caused the downfall of our economy, stated Central Bank Governor Dr. Indrajit Coomaraswamy when he addressed the 75th Annual General Meeting (AGM) of the Sri Lanka Federation of University Women last Saturday. 

New audit report to improve transparency in financial reporting

In keeping with its continuing efforts to ensure the country was in line with international standards, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has taken steps to implement the new audit report from March 2018. 

Planters come forward to protest against budget proposal on RPC land

The Planters’ Association of Ceylon (PA), the industry body representing the country’s regional 

PM reveals grand plans for Hambantota

Hot on the heels of a proposed debt-to-equity deal with the Chinese for the Hambantota Port 

Singer Sri Lanka 3Q net up 76% as consumer demand runs high

Consumer durable?Consumer durables giant Singer (Sri Lanka) PLC s giant Singer (Sri Lanka) PLC posted a net profit of Rs.265.46 million for its third 

Shares fall for 3rd session to over 4-mth closing low

REUTERS: Sri Lankan shares fell to a more than four-month closing low in thin volume yesterday as 

Fitch loads reforms in budget to boost dwindling revenue base

While acknowledging budget 2017 contains a number of positive measures to boost the country’s 

EU launches Rs. 13 bn project to boost Sri Lanka’s trade competitiveness

In order to help Sri Lanka increase its trade competitiveness both in regional and European markets, 

Mobile network operators take lead in boosting microinsurance across Asia: study

As technology continues to take the lead across diverse industries, a recent study by a top 

Manufacturing activities moderate in October

Sri Lanka’s manufacturing sector purchasing mangers’ Index (PMI) stood at 56.5 in October compared to 57.7 in September 2016.

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.