Aitken Spence pulls out from Bangladeshi power operations

The Aitken Spence group has completely exited its thermal power generation interests in Bangladesh 

CB still sees room for growth as money abundant

 Despite several rounds of monetary tightening measures taken so far this year, the country’s 

ACCA signs MoU with Human Capital Partner

Recognizing the value of promoting mutual co-operation for the advancement of the accountancy 

JLanka recognized for intensive innovation and R&D with Flame Award

JLanka Technologies, the premier solar solution provider in Sri Lanka was awarded the Flame 

Foreconns Canneries awarded NCE Silver Award

Foreconns Canneries, a leading exporter in food items with authentic Sri Lankan delicacies, was 

Agrotac launches very own ‘Olive’ brand water pumps

The best in class in water-pump offerings – ‘Olive’, has made a sweeping entrance into the Sri Lankan market since March 2016 – built upon technical expertise and technological superiority 

Imperial Spices receives NCE Gold Award

Imperial Spices, a leading spices exporting company, was presented much coveted Gold Award in 

Neil Samarasinghe appointed CEO of Dreamron Group

Neil Samarasinghe has been appointed as CEO of Dreamron Group.

Pakistan-SL Business Councils’ joint steering committee to resolve trade issues

The second Joint Business Council Forum of Sri Lanka and Pakistan was held recently in Colombo. 

Malik holds bilateral talks with Japanese Ministers

Development Strategies and International Trade Minister Malik Samarawickrama is on an official visit to 

Eminent chartered accountants inducted to CA Sri Lanka Hall of Fame

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently paid tribute to two 

Leicht Kitchens Germany appoints Centrepoint Homes sole agent in Sri Lanka

Germany’s most innovative premium kitchen brand is finally in Sri Lanka. Leicht Kitchens Germany 

HJS Condiments clinches Gold at NCE Export Awards

HJS Condiments Ltd. the agri export division of Hayleys Agriculture Holdings Limited, won the Gold 

Sri Lanka keeps key policy rates steady

Sri Lanka yesterday left the key policy rates unchanged as private sector credit saw some deceleration and inflation remained subdued. 

Moody’s says VAT hike credit positive

The increase in the value-added tax (VAT) rate from 11 percent to 15 percent will be credit positive for Sri Lanka as it will support the government’s fiscal consolidation agenda and will also put the derailed International Monetary Fund (IMF) programme back on track, according to a global credit rating agency.  

Rupee weaker; remittances prevent steeper fall

REUTERS:  The Sri Lankan rupee ended weaker yesterday due to mild importer dollar demand, but month-end inward remittances capped the fall, dealers said.

Pharma chamber denies allegations of members hoarding drugs

The country’s pharmaceutical chamber yesterday categorically denied the allegations that its members were hoarding pharmaceuticals to create an artificial shortage in the market in light of the recent government gazette significantly slashing the prices of 48 vital drugs.

NTB to raise up to Rs.5bn through listed debentures

Nations Trust Bank PLC (NTB) yesterday disclosed its plans to raise up to Rs.5 billion through a listed debenture issue.

Shares fall to 3-mth low ahead of monetary policy

REUTERS: Sri Lankan shares ended yesterday weaker at a three-month low in thin trade ahead of a monetary policy announcement by the Central Bank, as the prime minister’s plan for improving the investment climate failed to cheer the market.

Senkadagala Finance gets CSE nod to list up to Rs.3bn debentures

Senkadagala Finance PLC is gearing to raise Rs.3 billion through a listed debenture issue. The finance company has received the preliminary approval to list the debt instruments on the Colombo Stock Exchange (CSE). 

Colombo to open Intex South Asia int’l sourcing fair on Nov. 16

Intex South Asia 2016, the only international sourcing fair in South Asia that showcases the best in yarns, fabrics (apparel and denim) and clothing accessories, will welcome more than 150 exhibitors from Italy, Japan, South Africa, Korea, China, Singapore, Malaysia, Indonesia, Taiwan, Pakistan, Bangladesh and India to the Sri Lanka Exhibition & Convention Centre (SLECC), Colombo from November 16 to 18, 2016.

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