A&E Lanka clinches NOSHE and SAPS awards

A&E Lanka, part of a leading thread solutions provider, won the ‘Best work place safety innovation 

Eagle Logistics marks 11 years in business

Eagle Logistics Colombo celebrated its 11th anniversary on 20th October with religious ceremonies at their corporate office in Colombo 03.  

Access spruces up Colombo-Kandy road Kadawatha-Nittambuwa section

As part of the National Road Rehabilitation Plan, the widening of the existing Colombo-Kandy corridor 

Private credit soars to Rs.411bn in first 7 months

Sri Lanka’s banking and finance sector has extended as much as Rs.411 billion to the private sector 

Bairaha Farms September net profit up 82% amid higher demand for chicken

With a boost in meat consumption that is directly linked to higher income, the leading poultry producer 

Global Rubber to set up US $ 75mn tyre manufacturing plant

Leading industrial tyre manufacturer Global Rubber Industries (Private) Limited (GRI) will be investing US $ 75 million in a tyre manufacturing plant in Horana, Mirror Business learns. A Cabinet brief 

Anti-dumping and countervailing laws get Cabinet nod

The two pieces of trade regulations that the Sri Lankan manufacturing sector has been clamouring for 

Brexit positive for Lankan tourism industry: equities report

Brexit would have a positive impact on Sri Lanka’s tourism industry, Colombo-based equities broker 

No room for complacency, says Malik

??By Chandeepa Wettasinghe With the advent of the fourth industrial revolution through disruption, the 

Sri Lanka-Netherland biz talks

Netherlands  Ambassador, Joane  Doornewaard met Development  Strategies and International Trade Minister Malik Samarawickrama  at  the  ministry  recently and  held  discussions  relating  to  economic  development and  investment  promotions  in  Sri Lanka  

BCS President and Group CEO visit Sri Lanka

Ray Long – President of British Computer Society (BCS), The Chartered Institute for IT and Paul Fletcher – Group CEO of BCS, The Chartered Institute for IT, were recently in Colombo to attend the graduation ceremony. They took some time to talk to the media during their stay. They spoke about both their programmes and the community  work they do.

Three all-time record prices at tea auction

Kenilworth estate situated in Ginigathhena has achieved an all time record price at the weekly tea auction of 19th October, by securing an attractive price of Rs.890 per kg for a BOP SP  grade in the Western Medium Grown category.

Central Bank to the rescue

The Central Bank of Sri Lanka (CBSL) will dole out nearly Rs. 16.5 billion through cash and government securities for investors and depositors of four fraud-ridden finance companies starting from next year.

Hashim assures govt. will not privatise SLIC

During an official visit to the Sri Lanka Insurance Corporation (SLIC) yesterday, Public Enterprises 

CB likely to raise interest cap on finance company deposits

The Central Bank will soon raise the cap imposed on interest rates offered on deposits by finance companies as the current interest rate ceiling has become irrelevant in the rising interest rate 

Power generation mismatch in CEB’s plan raises eyebrows

In the backdrop of power cuts being announced this week, the Sri Lankan power regulator 

Pace Institute holds ‘Path to Your Real Success’ seminar

The seminar titled ‘Path to Your Real Success’ recently organised by the Pace Institute in 

Govt. support, incentives to smallholders could reduce emissions from deforestation: expert

In Sri Lanka’s effort towards boosting the capacity and infrastructure required to reduce emissions 

Isuru Samarasinghe re-elected as SLRBC President

Isuru Samarasinghe was re-elected as President of the Sri Lanka-Russia Business Council (SLRBC) 

Emerald Sri Lanka Fund invests Rs.158mn in centralized laundry services provider

Emerald Sri Lanka Fund invested Rs. 158 million (US$ 1.08 million) in Cleanline Linen Management (Pvt) Ltd. (CLM), a centralized laundry services provider in Sri Lanka.

FinMin obtains Ceylon Chamber’s views on upcoming budget

Finance Minister Ravi Karunanayake met with the committee members of the Ceylon Chamber of Commerce (CCC) recently to obtain their views on the upcoming budget presentation.

Bicycle exporter Asiabike Industrial clinches two more top awards

Asiabike Industrial Ltd, Sri Lanka’s top bicycle exporter since 1994, recently added two more 

MoUs signed with sponsors of Architect 2017

Annual Sessions of Sri Lanka Institute of Architects (SLIA) will be held for the 35th consecutive time from 14th to 19th February 2017 at the BMICH Colombo consisting of a series of events and 

All-time record tea prices at auctions

The Galpaditenne Tea Factory situated in Lellopitiya, Ratnapura, established an all-time record price 

IOM to extend assistance to Sri Lanka in training and capacity building

The International Organisation on Migration (IOM) has expressed readiness to further enhance its 

Selakta International receives Bronze award for export excellence

Selakta International (Pvt) Ltd, one of the leading footwear & footwear accessory manufacturing 

CA Sri Lanka’s 37th National Conference today

The 37th National Conference of Chartered Accountants organised by the Institute of Chartered 

Fitch rates Seylan Bank’s debt issue up to Rs.8bn at ‘A-(lka)(EXP)’

Fitch Ratings has assigned Seylan Bank PLC’s (A-(lka)/Stable) proposed senior debenture issue of up to Rs.8 billion a national long-term rating of ‘A-(lka)(EXP)’.

Browns Hydro Power changes name to Lotus Hydro Power

Subsequent to the change in ownership, which occurred this July, Browns Hydro Power PLC has changed its name to Lotus Hydro Power PLC.

Shares fall for 6th day; turnover slumps to 6-wk low

REUTERS: Sri Lankan shares closed down for a sixth straight session yesterday with turnover slumping to a six-week low as cautious investors awaited a flurry of corporate results and next month’s  national budget.