ComBank’s Rs.5bn debenture issue opens on Oct. 24

Commercial Bank of Ceylon’s second issue of debentures for 2016 opens on Monday, October 24. The bank is seeking to raise Rs.5 billion with an option to increase it by a further Rs.2 billion to strengthen its Tier II capital and to raise long-term funds for expansion.

Alliance Finance announces capital restructuring programme

Alliance Finance PLC (ALLI) announced the dates for its capital restructuring programme yesterday with a disclosure to the Colombo Stock Exchange.

Rupee ends steady for third straight session

REUTERS: The Sri Lankan rupee closed steady for a third straight session yesterday as dollar demand from importers offset exporter sales of the US currency in the absence of Central Bank intervention, dealers said.

LG celebrates 50 years of TV production with OLED TV lineup

LG’s deep roots in the television industry dates back to 1966 when it produced the first TV manufactured in Korea. LG’s leadership in TV technology has made it a global trailblazer, which has helped to make Korea a hotbed of the electronic industry. Last year, LG unveiled the world’s first HDR-enabled 4K OLED TV, which was followed by LG Signature OLED TV.

Nature’s Agro Products Lanka achieves NCE Gold Award

Nature’s Agro Products Lanka, a leading value-added cinnamon and spices exporting company, was presented the Gold award in value-added agriculture sector, medium-scale coconut and coconut-based products sub category at the 24th annual National Chamber of Exporters of Sri Lanka (NCE) Awards, held recently at The Hilton Colombo. 

People’s Bank supports NCE Awards as ‘Premium’ sponsor

People’s Bank is proud to be the Premium sponsor of the prestigious National Chamber of Exporters of Sri Lanka 23rd Annual NCE Awards in order to support the exporters by giving them recognition and convenient finance solutions.

Vegiland Exporters wins NCE 2016 Export Award

Vegiland Exporters (Pvt.) Ltd won the Silver award in the Agriculture Bulk sector at the NCE 2016 Export Awards ceremony, organised by the National Chamber of Commerce of Sri Lanka held recently at The Hilton Colombo.

CL Synergy bags Golds at NCE Awards

CL Synergy, a pioneer in providing integrated innovative logistics and freight forwarding solutions, was awarded two Gold awards and a Bronze award at the 24th annual award ceremony of the National Chamber of Exporters (NCE).

TAC wins ‘Social Media Agency of the Year’ at SAPSA Business Excellence Awards 2016

Ameresekere Consulting (Pvt.) Ltd has been recognized for its excellence in the social media domain with the prestigious award for the ‘Social Media Agency of the Year’ by the South Asian Partnership Summit at the Regional Business Excellence Awards 2016, which was held recently at Waters Edge. 

Kuwaiti envoy holds trade, investment talks with CCC

Kuwaiti Ambassador in Sri Lanka Khalaf Bu Dhhair said his country is willing to help Sri Lanka’s development plans with required investments.

Australian HC to talk at NCC trade session

High Commissioner of Australia Bryce Hutchesson will be the special guest speaker at a session on ‘Bilateral trade between Sri Lanka and Australia’ organised by the National Chamber of Commerce of Sri Lanka (NCC), on Tuesday, October 25, 2016, from 3:00 p.m. to 4:30 p.m., at the chamber auditorium, No: 450, D.R. Wijewardena Mawatha, Colombo 10.

Chinese investors, manufacturers to visit SL

In terms of trade, China is Sri Lanka’s second largest trading partner and most significant source of imports, accounting for 20 percent of Sri Lanka’s total imports in 2015. While China accounts for just 2.9 percent of Sri Lanka’s exports, it holds great promise as an emerging export market as Sri Lankan exports to China have been growing at a faster rate than with the rest of the world. This potential for trade is bringing inc

Number of Lankan SMEs carrying out int’l transactions on the up

The number of Sri Lankan small and medium enterprises (SMEs) that have conducted international 

Sri Lanka’s September manufacturing expands but services slow

The official Purchasing Managers’ Index (PMI) calculated by the Central Bank showed that 

Linda appointed to Serendib Hotels board

Entrepreneur Linda Speldewinde has been appointed to the board of Serendib Hotels PLC, the hospitality 

ComBank gets nod to list debentures worth Rs.7bn

The Colombo Stock Exchange has approved in principle to list debt instruments amounting to Rs.7 

Tourist arrivals to Maldives edge up 2% in August

Tourist arrivals to the Maldives edged up 1.9 percent year-on-year (YoY) to 112,282 in August, as the 

Chevron September net up 20% amid intense competition; EPF sheds stake

Chevron Lubricant Lanka PLC, Sri Lanka’s lubricants market leader increased its September quarter 

Janashakthi continues to support Lankan exporters at NCE Awards

Janashakthi Insurance PLC partnered with the National Chamber of Exporters (NCE) for the recently concluded NCE Awards at the Hilton Colombo. This is the 24th consecutive year the awards have been held.

Rupee steady; importer dollar demand offsets exporter sales

REUTERS: The Sri Lankan rupee traded steady yesterday for a second straight session as dollar demand from importers offset exporter sales of the U.S. currency in the absence of Central Bank intervention, dealers said.

Benetti Asia GM discusses investment opportunities

The General Manager of Benetti-Asia from Italy, Nizar Tagi, met  Minister of Development Strategies and International Trade Malik Samarawickrama recently to discuss  investment  opportunities  on  marina  infrastructure  yacht building  and  potential  areas  to  extend  assistance  in  Sri Lanka. 

Shares fall for 5th day; John Keells down

REUTERS: Sri Lankan shares closed lower for a fifth straight session yesterday, led by conglomerate John Keells Holdings, as investors stayed on the sidelines ahead of corporate results and seeking cues on the economy from the federal budget next month.

WUSC organises transformational business seminars

The World University Service Canada (WUSC) in collaboration with national level organisations has organised a series of evening seminars from October 17 to 20 in Colombo on the 19 qualities of a transformational company and on the virtuous circle business model. 

China to sign some US$24 bn in loans to Bangladesh as Xi visits

REUTERS: China is set to sign off on loans worth over US$ 24 billion to Bangladesh during President Xi Jinping’s visit yesterday, Dhaka’s biggest foreign credit line to date that will help it build power plants, a seaport and railways.

Mother Sri Lanka launches ‘How to select a university for my child?’ Future Forum

Mother Sri Lanka is a movement that has always worked on guiding the future generation of Sri Lankans to become better individuals who can contribute to the development of this country.  Today’s students who are just entering into O/L and A/L streams and their parents are finding it extremely difficult to decide on the correct higher education path due to lack of information in terms of new trends as well as an overload of information

Talks to boost Sri Lanka-Hungary trade ties

Minister of Foreign Affairs and Trade of Hungary Peter Szijjarto visited Sri Lanka to participate in the World Export Development Forum 2016 in Colombo. He met Minister of Development Strategies and International Trade Malik Samarawickrama and held discussions on bilateral trade and investment  opportunities  between Hungary and Sri Lanka.

Asia stocks up after China data, Bangkok soars

AFP - Asian and European markets climbed yesterday following news Chinese factory gate prices increased for the first time in more than four years, while the death of Thailand’s king sparked bargain-buying after suffering a sell-off in his final days.

Beijing to merge chemicals giants: Bloomberg

AFP - Beijing is planning a mega-merger of chemicals giants Sinochem and China National Chemical Corp. in a massive deal that would reshape the chemicals industry, Bloomberg News reported yesterday. 

Three pioneer hospitality institutions celebrate World Children’s’ Day

In celebration of the World Children’s’ Day, Sri Lankan Cares, the charitable arm of SriLankan Airlines, South Asia’s Grand Dame’s Galle Face Hotel and the pioneers in the transport world in Sri Lanka, Ebert Silva, joined hands for the second year to make children their main focus, under the theme ‘In remembrance of you’.

St. Joseph’s College Prefects’ Day concludes on high note

With the participation of 150 prefects from many schools islandwide, the Annual Prefects’ Day of St. Joseph’s College, Colombo 10 concluded on a successful note. Titled ‘Aberrance 2016’, this glamorous event was organised by the 2015/2016 Prefects’ Body of St. Joseph’s College.