RV Fashions wins Flame award in readymade garment category

RV Fashion was recognized at the FLAME 2016 Western Province Entrepreneur Awards recently for their contribution to the readymade  garment industry.

South Asia Textiles embarks on another mega expansion

As one of Sri Lanka’s leading textile manufacturer, having completed the initial Rs. 1 billion expansion programme, South Asia Textiles has decided to embark on another very ambitious expansion programme to infuse the very latest state-of-art textile technology and machinery into its existing factory. This investment is likely to exceed US$ 3 million at the initial stage.

Ceyoka Flavours and Frey + Lau bring inspiring taste sensations to local tea exporters

While consumer preferences for food and beverages are continually changing, the need for enhanced tastes and sensorial experiences persist.

Ceylon Oxygen excels at National Occupational Safety Awards

Ceylon Oxygen Limited (COL), a subsidiary of leading gases and engineering company, The Linde Group, was adjudged the sectoral award winner for ‘Transport Sector Safety’ at the recent National Occupational Safety & Health Excellence Awards – 2016 held at the Nelum Pokuna Theatre. 

Omak Technologies gears up for aggressive ASEAN push

A regional leader in restaurant management solutions, Omak Technologies, is gearing up for an aggressive push into ASEAN markets, having secured Rs. 85 million in investments. 

Cargills Food City and Unilever kick-start seasonal shopping promo

Cargills Food City together with Unilever Sri Lanka raised the curtains for yet another season of shopping filled with joy and excitement with the announcement of ‘Shopping Star – Season 4’, a one-of-a-kind shopping promotion. 

Oracle Bare Metal Cloud Services now available

I’m very excited to announce the general availability of the Oracle Bare Metal Cloud Services. At Oracle Open World, we announced our investments in an industry-first, modern infrastructure-as-a-service platform. The Bare Metal Cloud Services is our first offering built on that modern platform and there has been tremendous interest and engagement from customers worldwide.

Ceylon Chamber to conduct seminar on annual report preparation

The Ceylon Chamber of Commerce (CCC) will conduct its third consecutive annual seminar held to create awareness among the corporates on how to prepare good annual reports. Titled ‘Best practices to be adopted in preparation of annual reports’, the seminar will be addressed by CA Sri Lanka Annual Reports Awards Committee Chairman and B. R. De Silva & Company Partner Sanjaya Bandara. 

Toughened vehicle market conditions weigh on United Motors performance

United Motors Lanka PLC, the authorized distributor for Japan’s Mitsubishi vehicles among other 

Sri Lanka’s GDP to remain flat this year, just above 5% next year: WB

The World Bank said that Sri Lanka’s Gross Domestic Product (GDP) growth will remain flat this year 

Piramal Glass posts Rs.36mn loss for 2Q due to factory closure

Piramal Glass Ceylon PLC, the local unit of India’s Piramal group, posted a net loss of Rs.36.4 

SLPA mulls urgent reforms for operations and processes to become regional hub

Determined to stay abreast with the global shipping and logistics industry, Sri Lanka Ports Authority

Customs get earful from Ravi for not facilitating cross border trade

Sri LankSri Lanka Customs officials last week got a roasting from Finance Minister Ravi Karunanayake for a Customs officials last week got a roasting from Finance Minister Ravi Karunanayake for 

Policy makers think collecting VAT nice and easy, but it’s not, says economist

Although the policy makers think indirect taxes such as Value Added Tax (VAT) is an easier and a 

Sri Lanka Retailers’ Association holds inaugural founder members’ meeting

The inaugural founder membership meeting of the Sri Lanka Retailers’ Association (SLRA) was held recently at the Ceylon Chamber of Commerce (CCC). 

Korea Eximbank to conduct feasibility study on ITC hub for secondary education

 Given the increasing needs to improve and expand the use of existing information and 

Norway keen to partner Sri Lanka in conserving oceans, seas and marine resources

Noting that the relationship between Sri Lanka and Norway started with links to the maritime sector, 

Nestlé Lanka empowers Jaffna with new milk chilling centre in Urumpirai

Nestlé Lanka marked a new milestone in its local dairy development initiatives by opening another new milk chilling centre in Jaffna recently.

Finance Minister claims forthcoming budget ‘people-friendly’

The forthcoming budget that will be presented on November 10 will really be a people’s budget as it 

Sampath Bank wins Silver at NBQSA 2016

In recognition of developing unique cutting-edge banking solutions, Sampath Bank PLC bagged the 

Overseas Realty 3Q net up but 9 months profit flat as apartment sales slow

Overseas Realty (Ceylon) PLC (OSEA), the local unit of the Singapore based real-estate group, saw 

Government expects revised VAT to net Rs.100bn extra

The government is expecting a revenue boost of Rs. 100 billion by charging Value Added Tax (VAT) t

Delta Estate sets all-time record price

 At this week’s Ex-Estate Tea Auction held on 26th October, Delta Estate, situated in Pussellawa 

Turkey expands trade ties with Sri Lanka in electrical and electronics sectors

A strong trade delegation representing 16 top exporters of electrical and electronics companies from 

CA Sri Lanka to host regional seminar on public sector financial reporting

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and its public sector wing, will 

European Parliament members to discuss national reconciliation, GSP during Sri Lankan visit

REUTERS - Progress on national reconciliation and ways to empower Sri Lankan women politically 

Indian diamond tycoon to gift cars, flats to workers

AFP: A generous diamond tycoon in India is once again giving away hundreds of cars and flats to his em

Panel demands prosecution of ex-bank chief

AFP - A Sri Lankan parliamentary panel yesterday called for the criminal prosecution of former 

Laugfs hosts ‘Pehesara’ Art Competition 2016

Laugfs recently concluded ‘Pehesara’ Art Competition 2016, showcasing the creative talents of the 

Omega Line Toastmasters hosts public speaking world champion

Darren Tay, a 27-year-old lawyer from Singapore, who became the World champion of public